Expatriate Housing

Housing in Brazil

As expatriates assigned to Brazil search for rental housing, they’ll soon ask an all too common question we get in the Data department at AIRINC: 

‘What is IPTU and how much does it cost?”

Dublin, Ireland as seen during a recent AIRINC cost of living survey.

Demand outweighing Supply

Residential rents continued to rise in Dublin and throughout the country even as sales prices stagnated. With hundreds of international pharma, medical device, and tech companies employing thousands of local transferees and expat assignees in Dublin, the city has long suffered a rental crisis with an undersupply of rental stock

Domestic Moves

If you are relocating or temporarily assigning an employee within a single country, what kind of support should you give them? What is the impact on their compensation?

 Novorossiysk, Russia as seen during our recent on-site survey. Photo taken by AIRINC surveyor Eugene Kobiako.

Foreign Citizen Registration Law

In July of 2018, Russia changed its rule for foreign citizen registration. Previously, a foreign resident could register using their company address. The new rule no longer allows this and requires a home address.

Ankara, Turkey as seen during AIRINC's recent on-site survey. Photo taken by AIRINC surveyor Anne Benjamin.

Falling Rents and Demand in Turkey

Rents in Turkey decreased due to lower demand, the depreciation of the lira, and the economic conditions that resulted from recent government policies and security concerns. A recent change in lease laws required that all contracts be signed and paid in Turkish lira (TRY) instead of USD or EUR.

The Guangzhou public library as seen during AIRINC's recent on-site survey. Photo taken by AIRINC surveyor Andrew Morollo.

Rental market updates:

Guangzhou and Shenzhen have stable but strong and growing rental markets. While rents for units in some of the most popular buildings increase every year, rents in less competitive buildings tend to decrease.

Data Points: A selection of AIRINC cost-of-living survey results

The results are in! Data Points, AIRINC's quarterly newsletter, is now available on our website at
https://www.air-inc.com/data-points/ 

Ankara, Turkey as seen during an AIRINC on-site cost of living survey.

Currency Bans in Turkish Real Estate Market

For many years, the expatriate rental market in Turkey has been dominated by leases signed and paid in USD or EUR. In September of this year, President Erdogan issued a decree stating that all leases in foreign currency must be converted to Turkish lira (TRY). This move was made to stem the sharp inflation that battered Turkey’s currency in 2018, resulting in a loss of over half its value at its worst point.