The COVID-19 pandemic inspired a trend of assignees working remotely and moving from downtown living spaces to more suburban areas.
We have recently seen an increased level of interest from companies who are keen to find ways to capitalize on a softer rental market. Objectives vary greatly but identifying ways to manage program costs is an important priority for companies. After taxes, housing is one of the big-ticket items in any global mobility program.
Rents increased in Istanbul as demand for housing climbs and the value of the Turkish lira continues to slide against the U.S. dollar.
Global Mobility is often challenged by local HR about the housing budgets in a given location. What do you do in this case? Do you consider HR’s input and potentially adjust the housing budgets accordingly, or do you maintain the housing budgets based on the data from your provider?
The end is close for France’s highly disfavored taxe d’habitation, or residence tax. The Macron administration announced in June 2021 that, by 2023, no household will pay this tax on its main residence.
Mark Twain famously said, “buy land, they’re not making it anymore”. This rings true today as it relates to the U.S. housing market. Various reasons – local market conditions, lack of supply, robust demand from homebuyers as they take advantage of historically low interest rates, etc. – have caused a surge in home prices.
Global Mobility is often challenged by local HR about the housing budgets in a given location. What do you do in this case? Do you consider HR’s input and potentially adjust the housing budgets accordingly, or do you maintain the housing budgets based on the data from your provider?
Like many locations throughout the world, the rental market in Dubai has been chaotic since the start of the pandemic.
The island country of Barbados was not initially hit hard by the pandemic. Only in recent months has the country experienced a spike in cases, which sources believe can be contained by this summer with mass vaccinations. The sharp decrease in expatriate arrivals has begun a series of transformations within Bridgetown’s housing market.
The 2021 Monaco Grand Prix is just around the corner (pun intended). This weekend, open wheel race cars will be flying around the tight streets of Monaco at speeds of 200-300 km per hour. This event often highlights incredibly wealthy and famous people who either live in Monaco or are visiting. Which left some of us at AIRINC wondering – why is Monaco so appealing to the wealthy elites of the world?
