Real Property Rights And Ownership For The Three Gateway Markets

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OVERVIEW
With a focus on lifestyle luxury brands in exotic destinations and gateway cities around the world, this assignment analyzes three potential foreign markets to invest in: Italy, India, and Dubai, for Nobu Hotels. This report will highlight the differences in real property rights and ownership for the three gateway markets against the United States. Based on this analysis, it is evident that Dubai and Italy offer the strongest investment opportunities, whereas India’s conflicting and demanding laws make its investment opportunity unpredictable and risky despite its attractive economic growth potential. Table 1 gives an overview of the differences between the three regions that will be covered in this report.

Ownership
Taxes
Opportunity

Foreign Ownership
Foreign Leasing
Ownership Transfer Complexity
Property Taxes
Foreign Taxes
Transfer/Sales Taxes
Investment Opportunity
Dubai
Yes
Yes
Low
No
No
Yes
High
Italy
Yes
Yes
Low
Yes
Yes
Yes
High
India
No
Yes
High
Yes
Yes
Yes
Low-Medium
Table 1 Summary of Findings
ITALY
Italy is viewed as the 8th largest economy in the world with a 2.2 trillion USD economic value despite a recent recession and political instability. Italy’s economy is driven by small to medium sized companies, but has a large problem with counterfeit goods and a low number of patents compared to other European powers. Waterfront locations Lake Como and Sardinia have land use controls which keep the supply of new developments constrained. Italy as a whole is

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