THE STC 2018 REAL ESTATE INDEX
 

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REAL ESTATE INDEX
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Rank COUNTRY CITY RE-Index Price to Income Ratio Mortgage as % of Income Gross Rental Yield Rent - Apartment (3 bedrooms) in City Center Buy - 100m2 Apartment in City Center Property Tax Residential(Home) Property Tax Commercial Transfer Tax Residential Property Transfer Tax Commercial Property ($1MUSD) Rental Income Tax on Residential Property Rental Income Tax on Commercial Property Capital Gain Tax on Main Residence
1 Saudi Arabia Riyadh 1.04 2.49 17.62% 10.50% $934 $110,971 0 0 0 0 20% 20% 0
2 Saudi Arabia Jeddah 1.02 3.44 26.14% 7.52% $772 $121,663 0 0 0 0 20% 20% 0
3 Libya Tripoli 1 8.12 67.57% 5.50% $849 $175,000 0 0 0 0 10% 10% 10%
4 Qatar Doha 0.94 4.74 35.95% 10.30% $3,617 $418,365 0 0 0 0 10% 10% 0
5 Laos Vientiane 0.94 19.12 221.36% 13.34% $1,726 $120,000 0* 0* 1% 1% 10% 10% 5%
6 Isle of Man Douglas 0.92 5.87 52.83% 5.92% $1,885 $274,597 0.4%* 0.4%* 0 0 20% 20% 0
7 Bahrain Manama 0.92 7.28 62.35% 9.60% $1,624 $204,262 10% of rental Income 10% of rental Income 1.70% 1.70% 0 0 0
8 Cyprus Nicosia 0.92 5.7 39.85% 6.11% $944 $195,537 0 0 2.68%* 2.68%* Income Tax+ 3% Income Tax+ 3% 0
9 UAE Abu Dhabi 0.9 5.39 40.04% 9.83% $3,367 $399,631 3% of rental Value 3% of rental value 2% 2% 0 0 0
10 Cyprus Limassol 0.9 6.33 46.53% 6.52% $1,283 $251,125 0 0 2.68%* 2.68%* Income Tax+ 3% Income Tax+ 3% 0
11 Romania Bucharest 0.89 10.74 82.33% 5.10% $776 $186,172 0.26% 1% 1.50% 1.50% 16% 16% 0
12 Bolivia La Paz 0.89 13.76 123.22% 5.34% $552 $127,856 0.1154% 0.1154% 3% 3% 13% 13% 0
13 Oman Muscat 0.89 4.68 37.40% 7.83% $1,385 $207,785 0 0 5% 5% 5.00% 5.00% 0
14 Ecuador Quito 0.88 14.93 184.02% 6.28% $800 $157,500 0.65% 0.65% 1% 1% Income Tax Income Tax 10%
15 Honduras San Pedro Sula 0.88 13.01 185.69% 5.46% $627 $130,000 0.35% 0.35% 1.50% 1.50% Income Tax Income Tax 10%
16 Macedonia Skopje 0.88 15.24 133.98% 4.32% $513 $147,742 0.15% 0.20% 2% 4% 10% 10% 7%
17 Liechtenstein Vaduz 0.88 3.51 40.70% 6.92% $2,162 $362,000 0* 0* 0* 0* Income Tax Income Tax 12.5%*
18 Azerbaijan Baku 0.87 19.9 223.76% 5.07% $624 $137,059 0.40% 0.40% 0 0 25% 25% 0
19 Kuwait Kuwait City 0.87 15.22 120.50% 3.30% $2,084 $666,936 0 0 0 0 0 0 0
20 Latvia Riga 0.87 10.66 69.53% 4.80% $786 $208,088 0.60% 1.50% 2%* 2%* 10% 10% 0
21 Mongolia Ulaanbaatar 0.87 12.95 137.64% 7.07% $702 $112,068 1% 1% 2% 2% 10% 10% 2%
22 Kazakhstan Almaty 0.86 12.93 239.88% 6.26% $730 $131,321 1.50% 1.50% 0 0 10% 10% 0
23 Kazakhstan Astana 0.86 12.81 226.38% 7.11% $873 $130,915 1.50% 1.50% 0 0 10% 10% 0
24 Slovakia Bratislava 0.86 12.49 73.33% 4.40% $1,184 $335,977 €7/m2 + 1.15% of land value €15/m2 + 1.15% of land value 0 0 Income Tax Income Tax 0
25 Moldova Chisinau 0.86 14.33 194.91% 6.20% $489 $100,198 0.85% 1.10% 0*% 0*% 18% 18% 18%
26 Albania Durres 0.86 11.55 182.45% 5.35% $327 $78,742 30 ALL/sqm 400 ALL/sqm 0* 0* Income tax Income tax Income tax
27 Costa Rica San Jose 0.86 8.36 92.98% 7.56% $933 $155,642 0.25% 0.25% 1.50% 1.50% Income Tax Income Tax 0
28 El Salvador San Salvador 0.86 14.44 150.02% 7.05% $687 $113,528 $230 $230 3% 3% Income Tax Income Tax 10%
29 Nicaragua Managua 0.85 4.72 50.01% 17.98% $633 $39,000 1% 1% 4% 4% 10% 10% 30%
30 Georgia Tbilisi 0.85 12.65 154.53% 7.68% $701 $101,137 1% 1% 0 0 Income Tax Income Tax 0
31 Honduras Tegucigalpa 0.84 16 238.81% 3.91% $531 $165,000 0.35% 0.35% 1.50% 1.50% Income Tax Income Tax 10%
32 Poland Warsaw 0.84 11.35 79.39% 4.71% $1,198 $317,587 0.75 PLN/m2 23.13 PLN/m2 0.00% 0.00% 32% 32% 19%
33 UAE Dubai 0.83 4.47 32.62% 11.11% $3,717 $381,392 5% of rent valuation* 5% of rent valuation* 4% 4% 0 0 0
34 Cambodia Phnom Penh 0.83 17.54 189.34% 7.24% $1,266 $169,000 0.10% 0.10% 4% 4% 10% 10% 0
35 Thailand Phuket 0.83 16.21 129.79% 3.07% $912 $317,550 12.5% of rental value 12.5% of rental value 3% 3% Income Tax - 30% Income Tax - 30% 0
36 Paraguay Asuncion 0.82 11.9 198.61% 7.00% $607 $91,322 1% 1% 1.80% 1.80% Income Tax Income Tax Income Tax
37 Tanzania Dar es Salaam 0.82 18.08 334.14% 10.62% $1,352 $120,000 0.15% 0.15% 1% 1% 10% 10% 10%
38 Guatemala Guatemala City 0.82 11.57 134.23% 6.38% $959 $168,438 0.90% 0.90% 3% 3% 7% 7% 10%
39 Cape Verde Praia 0.82 21.2 228.90% 5.38% $504 $95,656 0.31875% 0.31875% 1.50% 1.50% Income Tax Income Tax 1%
40 Andorra Andorra la Vella 0.81 8.45 44.39% 3.51% $1,479 $376,541 0.319 euros / m² 0.5€/m2 4%* 4% 13% 13% 0*
41 Egypt Cairo 0.81 12.17 195.89% 7.25% $354 $54,813 10% of rental value 10% of rental value 2.50% 2.50% 1/2 of Income Tax 1/2 of Income Tax 0
42 Saint Lucia Castries 0.81 4.16 50.00% 8.55% $981 $125,000 5% of rental value 0.25%* 5%* 5%* Income Tax + 2% of contract value Income Tax + 2% of contract value 0
43 Iceland Reykjavik 0.81 7.05 62.98% 6.76% $2,773 $548,775 0.20% 1.65% 0.20% 1.65% 12.5%* 12.5%* 0
44 Russia Saint Petersburg 0.81 13.47 172.81% 5.39% $1,168 $253,463 1% 2.20% $1,000 $1,000 13% 13% 0
45 Estonia Tallinn 0.8 9.94 62.34% 4.12% $962 $296,086 1% 2% 0% 0% 20% 20% 20%
46 Belarus Minsk 0.79 14.87 258.40% 5.07% $623 $151,103 0.45%* 0.70% 3.5%* 3.5%* 15% 15% 0
47 Montenegro Budva 0.78 22.29 199.40% 2.98% $702 $303,568 0% 1% 3% 3% 9% 9% 0%
48 Hungary Budapest 0.77 14.44 110.95% 4.06% $997 $293,659 $6.37/m2 $6.37/m2 4% 4% 16% 16% 0*
49 Peru Lima 0.77 18.17 218.64% 5.55% $1,001 $207,781 1% 1% 3.30% 3.30% 5% 5% 5%
50 Serbia Belgrade 0.76 21.67 151.58% 3.17% $695 $266,184 0.40% 0.40% 2.50% 2.50% 20% 20% 15%
51 Vietnam Ho Chi Minh City 0.76 18.44 194.95% 6.05% $1,167 $222,409 0.15% 0.15% 0.50% 0.50% Income Tax Income Tax Income Tax
52 Malaysia Kuala Lumpur 0.76 11.19 84.93% 3.96% $1,115 $327,013 4% of rental value 10% of rental value 3% 3% Income Tax Income Tax 0
53 Turks and Caicos Islands Providenciales 0.76 9.47 81.45% 6.60% $2,750 $400,000 0 0 6.50% 6.50% 0 0 0
54 Jersey Saint Helier 0.76 8.67 58.99% 6.23% $3,132 $558,502 1.85 % of Rateable value 2.40% of Rateable value 2.5%* 2.5%* 20% 20% 0
55 Croatia Split 0.76 17.95 138.83% 2.60% $720 $347,705 0 0 5%* 5% 12% 12% 0
56 Turkey Istanbul 0.75 12.39 176.36% 4.48% $860 $227,704 0.60% 0.60% 4% 4% 1/2 of Income Tax 1/2 of Income Tax 0
57 Uruguay Montevideo 0.75 17.74 181.47% 4.82% $1,053 $262,440 0.5%* 0.5%* 4% 4% 10.5% 10.5% 12.0%
58 Chile Santiago 0.75 14.38 106.74% 4.45% $895 $244,250 1.168% 1.229% 0.20% 0.20% Income Tax Income Tax 50% of Income Tax
59 Lithuania Vilnius 0.75 14.34 87.05% 3.93% $1,042 $324,448 2% 3% 0 0 15% 15% 0
60 Tunisia Tunis 0.74 14.13 137.80% 4.98% $374 $92,862 0.30% 1.50% 5% 5% 70% of Income Tax 70% of Income Tax 10%
61 Ukraine Kiev 0.73 17.25 358.38% 6.04% $779 $154,875 1% 2.70% 1% 1% 19.50% 19.50% 0.00%
62 Fiji Suva 0.73 8.77 81.61% 18.52% $2,515 $149,216 2.47% 2.47% 3% 3% Income Tax Income Tax 0
63 Greece Athens 0.72 10.76 78.47% 4.37% $626 $177,902 15€/m2 + 0.5% 20€/m2 + 1% 3.75% 3.75% Income Tax* Income Tax* 0
64 Thailand Bangkok 0.72 20.43 165.73% 4.42% $1,995 $426,247 12.5% of rental value 12.5% of rental value 3% 3% Income Tax - 30% Income Tax - 30% 0
65 Colombia Cali 0.72 12.7 175.51% 4.58% $310 $86,232 0.6%* .7%* 3.50% 3.50% Income Tax Income Tax 0
66 Turks and Caicos Islands Cockburn Town 0.72 9.47 81.45% 6.11% $1,500 $200,000 0 0 10% 10% 0 0 0
67 Bahamas Nassau 0.72 3.43 32.57% 19.40% $2,276 $136,343 0.625%* 1.5%* 10% 10% .5% of rental Income Tax* .5% of rental Income Tax* 0
68 Sweden Stockholm 0.72 15.41 92.33% 2.65% $2,487 $1,191,199 0.75%* 1.00% 4.25% 4.25% 30% 30% 22%
69 Greece Corfu 0.71 8.23 80.35% 3.73% $619 $204,200 15€/m2 + 0.5% 20€/m2 + 1% 3.75% 3.75% Income Tax* Income Tax* 0
70 Vietnam Hanoi 0.71 27.91 280.18% 3.67% $840 $250,258 0.15% 0.15% 0.50% 0.50% Income Tax Income Tax Income Tax
71 Dominican republic Santo Domingo 0.71 13.43 190.07% 7.16% $908 $123,493 1%* 1%* 3% 3% 27% 27% 25%
72 Colombia Bogota 0.7 19.01 248.33% 4.64% $747 $196,483 0.65%* 0.95%* 1.5%* 1.5%* Income Tax Income Tax 0
73 Mexico Mexico City 0.7 11.77 152.35% 5.78% $1,092 $216,609 1.20% 1.20% 3% 3% Income Tax - 35% Income Tax - 35% 0
74 Algeria Algiers 0.69 26.38 232.96% 2.75% $475 $218,143 3% of rental value* 5% of rent value* 5% 5% 10% 15% 12.225%
75 Panama Panama City 0.69 12.89 102.32% 9.87% $1,881 $220,782 2.10% 2.10% 2% 2% 25% 25% 10%
76 Antigua and Barbuda Saint John's 0.69 8.2 102.46% 6.26% $1,148 $200,000 0.30% 0.50% 10% 10% 0% 0% 0%
77 Iran Tehran 0.69 14.14 271.40% 6.90% $1,157 $184,640 0.2%*` 0.5%* 5% 5% Income Tax Income Tax 0
78 Slovenia Ljubljana 0.68 12.59 86.06% 3.19% $1,099 $411,365 1.00% 1.25% 2% 2% 25% 25% 25%
79 Grenada Saint George's 0.68 8.75 90.02% 9.32% $925 $129,507 0.250% 0.4% 5%* 5%* .5* .5* 0.75%*
80 Uzbekistan Tashkent 0.68 17.39 296.60% 7.22% $695 $106,625 2.5% 5.00% 0* 0* 7.50% 7.50% Income Tax
81 Pakistan Karachi 0.67 12.25 152.05% 5.88% $440 $82,442 18% of rental value 18% of rental value 7.50% 7.50% 20% 20% 0
82 Czech Republic Prague 0.67 16.69 101.51% 3.21% $1,375 $525,099 3.5$/m2* 15$/m2* 4% 4% 15% 15% 0
83 Netherlands Amsterdam 0.66 9.57 60.57% 5.14% $3,169 $767,159 0.049% + €440 0.17265% + €440 2% 6% 30%* 30%* 0
84 US Virgin Islands Charlotte Amalie 0.66 8.62 65.37% 4.64% $2,268 $574,890 0.38% 0.71% 2% 2% Income Tax Income Tax 20%
85 Ireland Dublin 0.66 10.2 71.91% 5.80% $3,273 $688,366 0.15% 0.15% 1%* 2% Income Tax* Income Tax* 0%
86 Colombia Medellin 0.66 19.41 258.46% 5.79% $523 $116,011 1.5%* 1.5%* 2% 2% Income Tax Income Tax 0
87 Russia Moscow 0.66 19.84 259.25% 4.19% $2,123 $570,043 1.4%* 2.2%* $1,000 $1,000 13% 13% 0
88 Vanuatu Port Vila 0.66 34 306.00% 7.17% $1,117 $170,000 5.5% of rental valuation 5.5% of rental valuation 7% 7% 6.25%* 12.50% 0
89 Morocco Dakhla 0.65 24 252.00% 5.90% $650 $120,000 17.5% of rental value* 40% of rental value 5%* 5%* 0* 0* 0*
90 Bermuda Hamilton 0.65 4.34 39.58% 10.69% $6,700 $622,917 12% of rent value* 7% of rental value 4%* 4%* 8%* 8%* 0
91 Philippines Manila 0.65 17.36 171.02% 5.52% $1,519 $252,732 2% 2% 1.50% 1.50% Income Income 0%
92 Jordan Amman 0.64 7.73 75.79% 7.42% $765 $125,283 15% of rental value 15% of rental value 9% 9% Income Tax Income Tax 0
93 Italy Venice 0.64 16.28 109.60% 3.02% $1,693 $693,869 0.81% 0.81% 2.9% 2.9% 15% 15% 0
94 Iraq Baghdad 0.63 9.5 148.02% 6.05% $829 $163,210 10% of rental value 10% of rental value 9%* 9%* 20% 20% 0
95 Denmark Copenhagen 0.63 8.19 50.17% 4.70% $2,842 $720,752 340$+3.4% of land value 340$+3.4% of land value 0.60% 0.60% Income Tax Income Tax 0
96 Sri Lanka Colombo 0.62 28.91 446.63% 3.57% $712 $200,751 35% of rental value 35% of rental value 4% 4% 18% 18% 0
97 Canada Montreal 0.62 6.76 44.71% 4.61% $1,448 $389,443 0.7665% 3.53% 1.5%* 1.5%* Income Tax Income Tax 0
98 Malta Valletta 0.62 22.67 173.31% 2.88% $1,660 $722,780 0 0 5% 5% 15% 15% 0%
99 Lebanon Beirut 0.61 16.1 140.72% 5.02% $2,573 $530,525 14% of rental value 14% of rental value 6% 6% 10% 10% 10%
100 Indonesia Jakarta 0.61 17.93 194.47% 6.27% $1,473 $224,633 0.20% 0.20% 10% 10% 10% 10% 0*
101 Pakistan Lahore 0.61 18.07 235.28% 3.02% $379 $135,439 18% of rental value 18% of rental value 7.50% 7.50% 20% 20% 0
102 Brazil Brasilia 0.6 15.31 198.39% 3.87% $1,049 $292,470 0.30% 1% 3% 3% Income Tax Income Tax Income Tax
103 Italy Milan 0.6 16.89 106.99% 4.75% $2,506 $911,021 2.24€/m2+0.68%* 5.23€/m2 + 1.14%* 2% 3% 15% 15% 0
104 Norway Oslo 0.6 12.24 78.59% 3.23% $2,548 $1,016,075 0.20% 0.30% 0.70% 2.50% 24% 24% 24%
105 Australia Brisbane 0.59 6.63 49.63% 5.46% $2,244 $515,021 0.5654%* 2.4229%* 3.75% 3.75% Income Tax Income Tax 0
106 India Chennai 0.59 14.36 167.27% 2.12% $449 $219,129 12.4% of rental value 12.4% of rental value 8% 8% Income Tax Income Tax 0
107 India Hyderabad 0.59 6.65 76.11% 4.79% $425 $92,106 30% of rental value 30% of rental value 8% 8% Income Tax Income Tax 0
108 France Nice 0.59 8.11 47.84% 3.83% $1,643 $525,971 25.54% of rental valuation* 35.54% of rental valuation* 5.81% 5.81% 27.57% 27.57% 0
109 Dominica Roseau 0.59 6.5 52.00% 12.90% $740 $62,500 1.25% 1.25% 10%* 10%* Income Tax Income Tax 0
110 Bulgaria Sofia 0.59 9.62 72.00% 5.22% $678 $163,194 730$+0.5515% 730$+0.5515% 2.50% 2.50% 10% 10% 0
111 Cayman Islands George Town 0.58 6.67 51.44% 4.23% $3,394 $955,080 0 0 7.50% 7.50% 0 0 0
112 Portugal Lisbon 0.58 13.75 88.60% 5.05% $1,771 $408,645 0.8%* 1.5%* 6% 6.50% 28% 28% 0
113 India Kolkata 0.57 12.15 136.44% 3.54% $458 $139,603 40% of rental value 40% of rental value 7% 7% Income Tax Income Tax 0
114 USA Los Angeles 0.57 8.37 61.07% 6.26% $3,517 $701,235 1.205% 1.205% 0.56% 0.56% Income Tax Income Tax 20%
115 Bangladesh Dhaka 0.56 14.95 184.75% 3.75% $451 $122,099 12% of rental value 12% of rental value 8.0% 9.5% Income Tax Income Tax 15%
116 Italy Rome 0.56 20.41 127.99% 2.61% $2,306 $1,026,366 3.8€/m2 + 0.6%* 18.23€/m2 + 1.16%* 2% 3% 15% 15% 0
117 Taiwan Taipei 0.56 17.39 106.24% 1.53% $1,337 $938,115 1.2%* 3%* 6.1%* 6.1%* Income Tax Income Tax 10%*
118 Seychelles Victoria 0.56 28.44 314.39% 3.44% $1,409 $451,808 0* 0* 6.50% 6.50% 25%* 25%* 0
119 Argentina Buenos Aires 0.55 14.62 381.19% 3.70% $826 $268,400 0.95%* 0.95%* 5.30% 5.30% 35% 35% 0
120 China Changsha 0.55 6.14 48.62% 3.95% $557 $154,202 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
121 India Delhi 0.55 15.2 172.89% 2.18% $626 $286,912 20% of rental value 20% of rental value 8% 8% Income Tax Income Tax 0
122 Finland Helsinki 0.55 11.21 63.68% 3.07% $2,221 $866,658 0.37% 0.80% 4%* 4% 34% 34% 0
123 Mauritius Port Louis 0.55 11.27 110.31% 4.51% $726 $183,439 28% of rental value 28% of rental value 10% 10% 15% 15% 0
124 Brazil Rio de Janeiro 0.55 22.25 280.75% 4.16% $1,200 $327,033 1.0658% 1.0658% 2% 2% Income Tax Income Tax Income Tax
125 Canada Toronto 0.55 11.06 73.33% 4.54% $2,462 $666,010 0.661% 2.55% 2.00% 2.00% Income Tax Income Tax 0
126 India Bangalore 0.54 7.77 86.21% 3.52% $618 $179,217 20% of rental value 25% of rental value 10% 10% Income Tax Income Tax 0
127 Macau Macau 0.54 26.1 169.81% 1.76% $2,088 $1,237,663 10% of rental value 16% of rental value 3% 3% 12% 12% 0%
128 Spain Madrid 0.54 9.86 60.47% 4.32% $1,885 $515,020 0.51%* 0.985%* 6% 6% Income Tax Income Tax 0*
129 British Virgin Islands Road town 0.53 9.29 60.37% 6.15% $2,650 $470,000 50$+1.5% of rental value 50$+1.5% of rental value 12% 12% 1.50% 1.50% 0
130 Austria Vienna 0.53 13.61 84.52% 2.83% $2,099 $810,339 0.60% 1.20% 3.50% 3.50% Income Tax* Income Tax* 0
131 Morocco Casablanca 0.52 14.56 118.17% 6.32% $1,014 $196,914 17.5% of rental value* 40% of rental value 5%* 5%* Income Tax Income Tax 20%*
132 China Chongqing 0.52 9.87 74.94% 2.85% $530 $206,855 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
133 China Foshan 0.52 10.33 80.63% 3.62% $690 $198,899 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
134 Brazil Sao Paulo 0.52 20.91 263.72% 4.20% $1,165 $321,472 1% 1.50% 3% 3% Income Tax Income Tax Income Tax
135 China Shenyang 0.52 10.83 85.32% 3.02% $440 $190,943 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
136 Canada Vancouver 0.52 15.5 103.39% 3.46% $2,883 $972,895 0.2550% 1.244% 2%* 2%* Income Tax Income Tax 0
137 Switzerland Zurich 0.52 10.1 57.15% 2.81% $3,829 $1,558,930 0* 0* 0.15% 0.15% Income Tax Income Tax 35%
138 Brazil Belo Horizonte 0.51 19.88 264.88% 4.28% $668 $185,451 1.97% 1.97% 3% 3% Income Tax Income Tax Income Tax
139 South Africa Johannesburg 0.51 2.69 32.43% 11.43% $1,280 $123,666 0.6916% 1.7982% 11%* 11%* Income Tax Income Tax 0*
140 Australia Melbourne 0.51 9.4 71.09% 4.43% $2,528 $685,772 0.6665%* 1.1211%* 5.50% 5.50% Income Tax Income Tax 0
141 Angola Luanda 0.5 17.82 235.49% 6.43% $5,990 $1,000,000 15% of rent paid 15% of rent paid 2% 2% 15%* 15% 0
142 Gibraltar Gibraltar 0.49 9.4 60.70% 4.46% $3,631 $838,020 50% of rental value 52% of annual value 3.50% 3.50% 20% 20% 0
143 Germany Berlin 0.48 9.64 57.96% 3.69% $1,871 $588,178 2.835% of land value 2.835% of land value 6% 6% Income Tax Income Tax 12%*
144 Ethiopia Addis Ababa 0.47 26.62 358.49% 10.42% $2,000 $133,287 5$ 5% 6% 6% Income Tax Income Tax 15%
145 Switzerland Geneva 0.47 9.93 58.71% 3.32% $3,889 $1,332,533 0.1%* 0.2%* 3% 3% Income Tax Income Tax 0*
146 Nigeria Lagos 0.47 15.81 328.72% 13.49% $1,132 $115,788 0.132% 0.132% 15% 15% 10% 10% 10%
147 USA Miami 0.47 5.44 40.70% 9.14% $3,494 $451,718 1.28% 1.35% 6.00% 6.45% Income Tax Income Tax 20%
148 China Chengdu 0.46 14.62 114.80% 2.74% $746 $325,058 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
149 USA Boston 0.45 10.28 74.70% 5.20% $4,117 $1,006,520 1.059% 2.54% 0.46% 0.46% Income Tax Income Tax 20%
150 Cuba La Havana 0.45 65.63 506.37% 18.88% $650 $61,667 2% 2% 4% 4% Income tax Income tax Income tax
151 China Wuhan 0.45 13.36 101.77% 2.06% $680 $371,941 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
152 China Wuxi 0.45 14.58 115.49% 2.39% $764 $350,062 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
153 Barbados Bridgetown 0.44 16.69 146.41% 1.69% $840 $632,300 12% of rental value 12% of rental value 8.0% 9.5% Income Tax Income Tax 15%
154 South Africa Cape Town 0.44 7.12 84.42% 7.12% $1,795 $286,600 0.6397% 1.2795% 11%* 11%* Income Tax Income Tax 0*
155 Belgium Brussels 0.41 7.1 44.38% 5.51% $1,825 $396,541 1.62% of Rental Income * 1.62% of Rental Income * 12.50% 12.50% Income Tax* Income Tax* 0
156 China Hangzhou 0.41 22.09 179.88% 2.13% $1,193 $576,807 1.2%* 4%* 0* 5%* Income Tax* Income Tax* 30%*
157 Australia Sydney 0.41 10.5 78.16% 4.40% $3,641.77 $1,021,482 0.9935%* 1.8712%* 4.05% 4.05% Income Tax Income Tax 0
158 Switzerland Lausanne 0.4 10.42 59.52% 2.59% $2,773 $1,205,074 0.15%* 0.15%* 3.30% 3.30% Income Tax Income Tax 14%
159 China Ningbo 0.4 24.54 163.32% $716 $517,137 1.2%* 4%* 0* 5%* Income Tax* Income Tax* 30%*
160 China Suzhou 0.4 16.75 131.02% 2.30% $1,018 $529,639 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
161 Germany Frankfurt 0.39 8.16 49.35% 3.39% $1,961 $705,419 1.75% 1.75% 6% 6% Income Tax Income Tax 12%*
162 USA San Francisco 0.39 11.28 81.74% 6.23% $6,083 $1,165,981 1.180% 1.180% 0.86% 0.86% Income Tax Income Tax 20%
163 Anguilla The Valley 0.39 4.32 56.26% 8.07% $1,600 $216,200 0.75% 0.75% 17.5%* 17.5%* $2500* $2500* 0
164 Spain Barcelona 0.38 14.01 88.00% 4.02% $1,752 $561,650 0.75%* 1%* 10% 10% Income Tax Income Tax 0*
165 China Tianjin 0.37 23.66 205.89% 2.45% $1,122 $478,094 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
166 China Guangzhou 0.36 19.97 164.28% 2.38% $1,284 $597,420 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
167 Trinidad and Tobago Port of Spain 0.35 8.55 79.38% 11.64% $1,255 $121,422 3.50% 5% 10% 10% 30% 30% 0
168 China Qingdao 0.35 29.79 232.33% 2.57% $1,092 $477,357 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
169 Japan Tokyo 0.35 13.32 74.35% 2.41% $2,358 $1,071,749 1.55%* 1.7%* 3% 4% Income Tax Income Tax 20%
170 France Paris 0.34 17.59 105.42% 2.65% $2,944 $1,207,548 35.86% of Rental valuation* 45.86% of Rental valuation* 5.81% 6.41% 27.57% 27.57% 0
171 Taiwan Taichung 0.34 18.5 118.34% 1.52% $787 $48,221 1.2%* 3%* 6.1%* 6.1%* Income Tax Income Tax 10%*
172 New Zealand Auckland 0.33 11.31 88.15% 4.17% $2,522 $701,706 $350+ 0.25%* $400+ 0.694%* 0* Capital gains are taxed at 28% Income Tax Income Tax 0
173 South Korea Seoul 0.32 19.33 135.61% 1.92% $2,620 $1,276,420 0.68% 0.68% 5% 5% Income Tax Income Tax 0
174 China Nanjing 0.31 28.92 230.98% 1.71% $955 $652,388 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
175 Germany Munich 0.3 15.53 92.00% 2.49% $2,499 $1,175,699 1.8725% 1.8725% 3.50% 3.50% Income Tax Income Tax 12%*
176 Luxembourg Luxembourg City 0.29 10.53 63.60% 4.05% $3,485 $992,567 1.75% of rental evaluation 7.5% of rental evaluation 10%* 11.8%* Income Tax Income Tax 0
177 Taiwan Kaohsiung 0.28 6.63 39.94% 2.26% $604 $2,955 1.2%* 3%* 6.1%* 6.1%* Income Tax Income Tax 10%*
178 India Mumbai 0.28 28.3 319.56% 2.37% $1,664 $677,404 38.67% of rental value 68.33% of rental value 10% 10% Income Tax Income Tax 0
179 Singapore Singapore 0.27 22.47 139.36% 2.56% $4,006 $1,918,693 16% of rental valuation 10% of rental Income Tax 5%* 3% Income Tax + 4.4%* Income Tax + 0.4% 0
180 Saint Kitts and Nevis Basseterre 0.25 12.5 164.00% 6.54% $2,100 $350,000 0.20% 0.30% 22%* 22%* 0 0 0
181 Comoros Moroni 0.24 41 587.00% 4.36% $200 $50,000 3000F 1% 15% 15% 15% 15% 20%
182 USA New York 0.22 12.49 89.55% 5.32% $6,231 $1,342,070 1.925% 1.925% 2.82% 2.82% Income Tax Income Tax 20%
183 Kenya Nairobi 0.17 71.69 1155.24% 1.06% $860 $853,203 0.60% 0.60% 4% 4% 10% Income Tax 0
184 China Shenzhen 0.08 40.26 321.52% 1.34% $1,646 $1,343,350 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
185 UK London 0.05 23.07 155.20% 2.67% $4,295 $1,909,194 £1862.40 0.46% X £400/m2 10% 5% Income Tax Income Tax 0
186 St Vincent and The Grenadines Kingstown 0 10 120.00% 8.25% $800 $100,000
187 China Shanghai -0.01 43.03 335.34% 1.93% $3,214 $1,591,191 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
188 Hong Kong Hong Kong -0.04 41.43 258.78% 1.98% $5,030 $2,714,690 5% of rental value 15% of rental value 4.25% 8.50% 15% 15% 0
189 China Beijing -0.05 49.75 389.19% 1.34% $2,101 $1,668,573 1.2%* 4%* 3%* 5%* Income Tax* Income Tax* 30%*
190 Syria Damascus -0.45 67.24 532.54% 2.32% $303 $165,000 50% of rental value 60% of rental value 25% 25% Income Tax Income Tax 15%
191 Venezuela Caracas -0.66 195.75 3975.10% 4.03% $423 $141,250 0.48% 0.48% 1.10% 1.10% Income Tax Income Tax 0
192 Monaco Monaco -1.45 71.8 439.95% 2.28% $21,064 $7,062,593 0 0 6.5% 7.5% 1% 1% 0
COUNTRY CITY Note
Albania Durres TTP: there is a obligatory notary fee of roughly 1%.
Algeria Algiers TTRP: none after 10y. Property Tax: The calculation of the property tax are quite complicated, they are relatively low especially for residential. Wealth tax is levied on property at a rate of 1.75%
Andorra Andorra la Vella TTRP: none after 5y if Income Tax is wihtin 3 times the minimum. CGMR: receive an exemption if sold after 5 years for a citizen or a PR. Needs to be main residence for at least 2 years and proceeds of sale reinvested into another property. Otherwise 8% for after 5 years (adjusted to inflation). PTC: Tax on Financial bodies (activity 65.42). Property Tax: inludes real estate tax, lighting tax, hygiene tax
Angola Luanda RITRP: Property tax are none if rented, as it is payed by rental Income Tax.
Anguilla The Valley Rental Income Tax: required to pay an annual fee for the the first 2000sqf, larger areas have additionnal fees. Transfer tax: 12.5% for the Alien Land Holding licence + 5% Stamp duty on transfer.
Antigua and Barbuda Saint John's
Argentina Buenos Aires
Australia Brisbane
Australia Melbourne
Australia Sydney
Austria Vienna
Azerbaijan Baku
Bahamas Nassau
Bahrain Manama
Bangladesh Dhaka
Barbados Bridgetown Transfer Tax: includes transfer tax and stamp duty of 1%.
Belarus Minsk
Belgium Brussels
Bermuda Hamilton Transfer Tax: incremental, can reach 7% for portion above $1.5M. Property tax: incremental, can reach up to 47%, caluculated on rental value. Rental Income Tax: incremental stamp duty based on value of lease.
Bolivia La Paz
Brazil Belo Horizonte
Brazil Brasilia
Brazil Rio de Janeiro
Brazil Sao Paulo
British Virgin Islands Road town
Bulgaria Sofia
Cambodia Phnom Penh
Canada Montreal Property Transfer Tax: raise up to 2.5% for amounts above CAD 1M. First time home howner can have that amount remboursed.
Canada Toronto Property Transfer Tax: varies between 0.5% to 1.5%
Canada Vancouver Property Transfer Tax: varies from 1% to 3%. BC now levies a 15% surtax on foreign buyers.
Cape Verde Praia
Cayman Islands George Town
Chile Santiago
China Beijing CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Changsha CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Chengdu CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Chongqing CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Foshan CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Guangzhou CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Hangzhou CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Property transfer tax: Deed tax repealed.
China Nanjing CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Ningbo CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Property transfer tax: Deed tax repealed.
China Qingdao CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Shanghai CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Shenyang CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Shenzhen CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Suzhou CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Tianjin CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Wuhan CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
China Wuxi CGMR: range from 30% to 60% depending . Rental Income Tax: additionnal charges are levied. Property Tax: each province and municipality are allowed to apply a reduction ranging from 10% to 30%. Transfer tax: ranges from 3%- 5% depending the province.
Colombia Bogota Property transfer: 1% +0.5% registration fee. Property Tax: Wealth tax is also levied on property.
Colombia Cali PTCP: varies based on activity. Property Tax: Wealth tax is also levied on property.
Colombia Medellin Property Tax: Wealth tax is also levied on property.
Comoros Moroni
Costa Rica San Jose
Croatia Split PTTRP: citizen first owner cn be exempted.
Cuba La Havana
Cyprus Limassol Transfer Tax: No tax if VAT was payed on property.
Cyprus Nicosia Transfer Tax: No tax if VAT was payed on property.
Czech Republic Prague Property tax: the calculation included land and building and has many coefficient.
Denmark Copenhagen Property tax: 3% for the portion above $430,000 and 1% below. In addition a 3.4% tax on land value is charged by the municipality of Copenhagen.
Dominica Roseau Transfer tax: an additionnal 10% is charge to foreigners for an Alien Land Holding Licence.
Dominican republic Santo Domingo Property Tax: Wealth tax is also levied on property
Ecuador Quito
Egypt Cairo
El Salvador San Salvador
Estonia Tallinn
Ethiopia Addis Ababa
Fiji Suva
Finland Helsinki Transfer tax: 1st time homebuyer can be exempted.
France Nice Property Tax: wealth tax is levied on property
France Paris Property Tax: wealth tax is levied on property
Georgia Tbilisi
Germany Berlin CGMR: incremental, 0% after 10 years
Germany Frankfurt
Germany Munich
Gibraltar Gibraltar
Greece Athens Rental Income Tax: the rates are very similar to the personal Income Tax tax rate.
Greece Corfu
Grenada Saint George's Transfer tax: 15% if non-citizen. There are no tax on capital gains and rental Income Tax, but an Annual Stamp Tax that applies at arate of 0.5% for receipts below $111,000 and 0.75% for receipts above.
Guatemala Guatemala City
Honduras San Pedro Sula
Honduras Tegucigalpa
Hong Kong Hong Kong
Hungary Budapest CGMR: Incremental from 100% the first year to 0% after 5 years of holding ownership as main residence.
Iceland Reykjavik Rental Income Tax: additionnal fees are levied on lease, 0.2% for residential and 1% on commercial based on assessment value.
India Bangalore
India Chennai
India Delhi
India Hyderabad
India Kolkata
India Mumbai
Indonesia Jakarta CGMR: no tax on gains but a tax on transaction applies which is included in the transfer tax.
Iran Tehran Property tax: estimated, % of municipal valuation which is significantly lower than the market value.
Iraq Baghdad Property transfer tax: the seller tax is incremental and hit 6% after 90m dinar ($80,000).
Ireland Dublin PTTRP: 2% for any amount above €2M. Rental Income Tax: Stamp duty of 1% is also payable. Property Tax: wealth tax is levied on property
Isle of Man Douglas Property Tax: estimated as calculation are complicated.
Italy Milan Property tax Residential: Consist of 3 tax, TARI (2.24€/m2), UMI (0.6%) and TASI (0.08%) . Property tax Commercial: Consist of 3 tax, TARI (5.23€/m2), UMI (1.06%) and TASI (0.08%). Property Tax: wealth tax is levied on property
Italy Rome Property tax Residential: Consist of 3 tax, TARI (3.8€/m2), UMI (0.5%) and TASI (0.1%) . Property tax Commercial: Consist of 3 tax, TARI (18.23€/m2), UMI (1.06%) and TASI (0.1%). Property Tax: wealth tax is levied on property
Italy Venice
Japan Tokyo Property tax: Fixed asset tax and city planning tax.
Jersey Saint Helier Transfer Tax: incremental, can reach up to 9% for amounts above £6M.
Jordan Amman
Kazakhstan Almaty
Kazakhstan Astana
Kenya Nairobi
Kuwait Kuwait City
Laos Vientiane Property tax: 2 cents/m2
Latvia Riga Transfer Tax: capped at EUR 42,686.
Lebanon Beirut
Libya Tripoli
Liechtenstein Vaduz CGMR: increamental and municipal levy applies also. Property Tax: none since levied off the wealth tax. Property transfer tax: none but capital gains on property are paid.
Lithuania Vilnius
Luxembourg Luxembourg City Transfer tax: rate include a 50% surcharge from Luxembourg city and 1% transcript tax. Property Tax: wealth tax is levied on property
Macau Macau
Macedonia Skopje
Malaysia Kuala Lumpur
Malta Valletta
Mauritius Port Louis
Mexico Mexico City
Moldova Chisinau TT: obligatory notary fees apply
Monaco Monaco
Mongolia Ulaanbaatar
Montenegro Budva
Morocco Casablanca CGMR: if no profit, than 3% of price. PTRP: 75% sicount on the value if its your residence. An additional 10% is charged for the communal services. Tranfer tax: 4% stamp duty + 1% buyer registration.
Morocco Dakhla CGMR: if no profit, than 3% of price. PTRP: 75% sicount on the value if its your residence. An additional 10% is charged for the communal services. Tranfer tax: 4% stamp duty + 1% buyer registration.
Netherlands Amsterdam Rental Income Tax: assets are assumed to generate annual Income Tax varying from 2.87% to 5.39% (amount exceeding $1M).
New Zealand Auckland Property tax: each area has it own additionnal rates for waste management and an "other targeted rate" to raise money for special projects. Transfer Tax: If the property
Nicaragua Managua
Nigeria Lagos
Norway Oslo Property Tax: Wealth tax is also levied on property at a rate pf 0.2125% for main residence and 0.7% on others.
Oman Muscat
Pakistan Karachi
Pakistan Lahore
Panama Panama City
Paraguay Asuncion
Peru Lima
Philippines Manila
Poland Warsaw
Portugal Lisbon Property tax: tax are assessed in a complex manner. Many different variable influence the tax base.
Qatar Doha
Romania Bucharest
Russia Moscow Property tax: consist of a Land tax (0.% for residential and 1.5% commercial) and a Building tax which is listed.
Russia Saint Petersburg Property tax: consist of a Land tax and a Building tax which is listed.
Saint Kitts and Nevis Basseterre Transfer Tax: 10% for the Land hoding licence + 12 % stamp duty.
Saint Lucia Castries PTRP: citizen over 60y old can be exempted from taxation. PTCP: newly built commercial properties can receive a 3 years tax exemption. Transfer Tax: non citizen pay 10% and need a Alien Land Holding Licence.
Saudi Arabia Jeddah
Saudi Arabia Riyadh
Serbia Belgrade
Seychelles Victoria Property Tax: a tax is in the making and will be imposed on foreign owners.
Singapore Singapore RIRP: the property tax rate for non-owner occupied is higher by 4% (20%-16%) + 0.4% stamp duty on lease. TTRP: roughly at 3% for citizens, 5% for permanent residents. Additionnal residential properties will generate additionnal costs up to 10% more.
Slovakia Bratislava
Slovenia Ljubljana
South Africa Cape Town Transfer tax: incremental. CGMR: exempted until $150,000, then 40% of it is included in Income Tax tax.
South Africa Johannesburg Transfer tax: incremental. CGMR: exempted until $150,000, then 40% of it is included in Income Tax tax.
South Korea Seoul
Spain Barcelona CGMR: No capital gains tax on the amount reinvested in a property. Property Tax: wealth tax is levied on property
Spain Madrid CGMR: No capital gains tax on the amount reinvested in a property. Property Tax: wealth tax is levied on property
Sri Lanka Colombo
St Vincent and The Grenadines Kingstown
Sweden Stockholm
Switzerland Geneva
Switzerland Lausanne Property Tax: Those are the complementary rates. Additionnal property tax are paid as an Income Tax tax even if its your home. For occuppant its levied off the cadastral value, the rate is reduced every year by 4% until 40% . Wealth tax is levied on property. CGTMR: Needs to be paid and will be reimbursed if revinvested in another property in Switzerland within 5y.
Switzerland Zurich PTRP: Property tax are paid in the Income Tax tax, its levied as occuppant of the cadastral value. Wealth tax is levied on property. CGTMR: the rate related to the years of possession.
Syria Damascus PTRP: Property tax are paid in the Income Tax tax, its levied as occuppant of the cadastral value. Wealth tax is levied on property. CGTMR: the rate is related to the years of possession and amount of of gains.
Taiwan Kaohsiung CGMR: the first $130,000(4m TWD) are exempted of tax. An additionnal municipal Land Value Increment Tax is raise on the inflation adjusted of the increased of land value at a rate of 20%. PTRP: an additional land tax of 0.2% is levied. PTCP: an additionnal land tax of 1% is levied. Property Tranfer Tax: includes a 0.1% stamp duty.
Taiwan Taichung
Taiwan Taipei
Tanzania Dar es Salaam
Thailand Bangkok
Thailand Phuket
Trinidad and Tobago Port of Spain
Tunisia Tunis
Turkey Istanbul
Turks and Caicos Islands Cockburn Town
Turks and Caicos Islands Providenciales
UAE Abu Dhabi Property tax: cash amount estimated based on General Sales of electricity, water and sewage disposale.
UAE Dubai Property tax: cash amount estimated based on General Sales of electricity, water and sewage disposale.
UK London CGTMR: can be taxed if above 5000m2. Rental Income Tax: renting more than 1 property can be deemed a business and business tax may also be levied. PTTRP: Incremental from 0% to 12% (the portion above £1.5 million).
Ukraine Kiev
Uruguay Montevideo Property Tax: Wealth tax is also levied on property
US Virgin Islands Charlotte Amalie
USA Boston CGMR: at the federal level, exemption can reach $500,000 when filled jointly. But if you are subject to the expatriate tax you are disqualified from exemption.
USA Los Angeles CGMR: at the federal level, exemption can reach $500,000 when filled jointly. But if you are subject to the expatriate tax you are disqualified from exemption.
USA Miami CGMR: at the federal level, exemption can reach $500,000 when filled jointly. But if you are subject to the expatriate tax you are disqualified from exemption.
USA New York CGMR: at the federal level, exemption can reach $500,000 when filled jointly. But if you are subject to the expatriate tax you are disqualified from exemption. Property Tax: we have calculated based condominium property (Class 2), assessment are made on rental value.
USA San Francisco CGMR: at the federal level, exemption can reach $500,000 when filled jointly. But if you are subject to the expatriate tax you are disqualified from exemption.
Uzbekistan Tashkent
Vanuatu Port Vila Rental Income Tax: is actually 12.5% but charged only 6 months of rent Income Tax, individuals can exempt 200 000 Vatu. Commercial properties with revenue below 4M Vatu/year pay the same rate as residential. Property Transfer Tax: there is a 2% stamp duty levied on the value of the lease on top of the 5% registration fee.
Venezuela Caracas
Vietnam Hanoi
Vietnam Ho Chi Minh City

The 2018 STC Real Estate Index ranks world cities based on the stability, affordability and level of taxation of their property market. Our ranking has been extended this year to include 193 world cities. We list the estimated average rental and purchase price of a 100-square-meter residential property and all the taxes involved for both residential and commercial properties.

As much as we want to compare one property market to another, let it be known that the average apartment in Paris can be very different from that of the average apartment in Moroni, in the Comoros, for example. Certain things cannot be input into the calculation, such as the quality of the building material, the degradation, and the architectural value.

Data taken from Numbeo.com

The information was taken in the last week of February 2018.

Numbeo is a survey site where users can input data.

Price to Income Ratio is the basic measure for apartment purchase affordability (lower is better). It is generally calculated as the ratio of median apartment prices to median familial disposable income, xpressed as years of income (although variations are used also elsewhere). Our formula assumes and uses: net disposable family income, as defined as 1.5 * the average net salary (50% is the assumed percentage of women in the workforce) median apartment size is 90 square meters price per square meter (the formula uses) is the average price per square meter in the city center and outside of city center

Mortgage as Percentage of Income is the ratio of the actual monthly cost of the mortgage to take-home family income (lower is better).

Average monthly salary is used to estimate family income. It assumes 100 percent of the mortgage is taken on 20 years for the house(or apartment) of 90 square meters,in which price per square meter is the average of the price in the city center and outside of the city center.

Gross Rental Yield is the total yearly gross rent divided by the house price (expressed in percentages). Higher is better.

Rent 110m2 is the average monthly price of renting a 110-square-meter three-bedroom apartment in the city center.

Buy 100m2 is the average price per square meter to buy an apartment in the city centre.

Tax information

Tax information was taken during the month of February 2018 mostly from the municipalities’ websites. You can access each reference by downloading the data.

Property Tax Residential(Home)is the annual tax levied by the municipality of a home inhabited as a main residence. It will usually exclude water and electricity consumption, but generally include waste management. Some municipalities don’t levy property tax but might levy an income tax, or the central government might tax property as a wealth tax. The estimated tax is based on the price of a 110-square-meter residential property.

Property Tax Commercial is the annual tax levied by the municipality on commercial office space, usually defined as a financial service activity. Will usually exclude water & electricity consumption, but generally include waste management. Some municipality don’t levy property tax but might levy an income tax or central government might tax property as a wealth tax. The estimated tax is based on the price of 50m2 residential property or 1m USD.

Transfer Tax Residential Property also know as Stamp Duty, is the fee levied on the transfer of a home inhabited as a main residence after 5 years of holding. It includes bother buyers and seller fees. This includes fees paid to governing bodies as a tax, stamp duty and registration fees and excludes notary fees, agent fees and documents fees.

The estimated tax is based on the price of 110m2 residential property.

Transfer Tax Commercial Property also know as Stamp Duty, is the fee levied on the transfer of a commercial office space after 5 years of holding. It includes bother buyers and seller fees. This includes fees paid to governing bodies as a tax, stamp duty and registration fees and excludes notary fees, agent fees and documents fees. The estimated tax is based on the price of 50m2 residential property or 1m USD.

Rental Income Tax on Residential Property is the taxlevied of the annual income made from leasing a residential property as an individual. The amount generally does not include deductible. For those described as “Income tax” you will need to refer to our Taxation Index. Rental Income Tax on Commercial Property is the taxlevied of the annual income made from leasing a commercial property as an individual. The amount generally does not include deductible. For those described as “Income tax” you will need to refer to our Taxation Index.

Capital Gain Tax on Main Residence is the tax on the gains made on the sale from the one’s main residence after 5 years of holding. Does not include deductibles.

The information related to real estate other than tax were taken from Numbeo.com. https://www.numbeo.com/property-investment/

Tax information’s were taken from municipalities websites, or in rare cases from http://www.doingbusiness.org/rankings

Download Data to view source link for each entry.