Whether you're new to Global Mobility or you've been in the industry for a while, do you need a refresher on housing allowances?
Housing can be one of the most emotional aspects of an assignment: securing a safe and comfortable rental is often top of mind for your employees and their families.
Easing COVID-19 restrictions and the naira depreciation have increased demand for rental housing in Nigeria, inflating the market gradually over the last few months.
Switzerland is synonymous with mountains, lakes, and beautiful towns.
Over the last two years, Seoul and Singapore have faced tremendous changes in their housing rental markets.
Over the past two years, the South Korean government implemented a series of measures to stabilize the real estate market and make it more transparent.
While investigating the rental market in Seoul, I spoke with Yonjoo Oh, CEO of Reloko. Yonjoo said it is important for assignees to understand the various ways of renting a property before they arrive in South Korea.
One thing that I really enjoy is being able to positively surprise someone with a ”Yes!”
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.
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.