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<br /> ISSUE 32 | www.dlapiperrealworld.com<br /> REAL ESTATE<br /> GAZETTE<br /> DENMARK<br /> PROJECT DEVELOPMENT—<br /> VALUE-BASED SHARED<br /> LIVING<br /> HONG KONG<br /> THE CO-LIVING<br /> GENERATION<br /> ITALY<br /> THE ITALIAN RESIDENTIAL<br /> LEASE MARKET:A<br /> POTENTIAL GOLD MINE?<br /> UK<br /> CO-LIVING<br /> DEVELOPMENTS IN THE UK<br /> USA<br /> TRENDS IN US HOUSING<br /> RUSSIA<br /> THE NEW FACE OF<br /> MOSCOW<br /> SWEDEN<br /> CORPORATE TAX REFORM<br /> IN SWEDEN<br /> FOCUS ON:<br /> RESIDENTIAL<br /> PROPERTY<br /> ISSUE 32<br /> 2 | REAL ESTATE GAZETTE<br /> A NOTE FROM<br /> THE EDITOR<br /> The thirty-second<br /> issue of the DLA Piper<br /> Real Estate Gazette<br /> looks at legal issues<br /> and trends in the area<br /> of residential property.<br /> “<br /> A brave new world<br /> in the residential<br /> sector. ”<br /> A<br /> warm welcome to all our readers to Issue 32<a title="DLA Piper Real Estate Gazette Issue 32 page 1" href="http://viewer.zmags.com/publication/ad26e9f8?page=1"> ISSUE 32 | www.dlapiperrealworld.com REAL E</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 2" href="http://viewer.zmags.com/publication/ad26e9f8?page=2"> ISSUE 32 </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 3" href="http://viewer.zmags.com/publication/ad26e9f8?page=3"> A NOTE FROM THE EDITOR The thirty-seco</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 4" href="http://viewer.zmags.com/publication/ad26e9f8?page=4"> CONTENTS RESIDENTIAL AUSTRALIA </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 5" href="http://viewer.zmags.com/publication/ad26e9f8?page=5"> ISSUE 32, 2018 USA 42 TRENDS IN US HOUSIN</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 6" href="http://viewer.zmags.com/publication/ad26e9f8?page=6"> RESIDENTIAL | AUSTRALIA GST WITHHOLDING REG</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 7" href="http://viewer.zmags.com/publication/ad26e9f8?page=7"> • old residential premises; and • fully taxable s</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 8" href="http://viewer.zmags.com/publication/ad26e9f8?page=8"> RESIDENTIAL | AUSTRALIA “ Purchasers shoul</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 9" href="http://viewer.zmags.com/publication/ad26e9f8?page=9"> premises were not Affected Premises or i</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 10" href="http://viewer.zmags.com/publication/ad26e9f8?page=10"> RESIDENTIAL | DENMARK D </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 11" href="http://viewer.zmags.com/publication/ad26e9f8?page=11"> transport budgets; • the opportunity to live wi</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 12" href="http://viewer.zmags.com/publication/ad26e9f8?page=12"> RESIDENTIAL | DENMARK More specifically, the</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 13" href="http://viewer.zmags.com/publication/ad26e9f8?page=13"> the early design stage, in order to raise the cas</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 14" href="http://viewer.zmags.com/publication/ad26e9f8?page=14"> RESIDENTIAL | HONG KONG </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 15" href="http://viewer.zmags.com/publication/ad26e9f8?page=15"> communal space in desirable city locations. For t</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 16" href="http://viewer.zmags.com/publication/ad26e9f8?page=16"> RESIDENTIAL | HONG KONG business into co-liv</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 17" href="http://viewer.zmags.com/publication/ad26e9f8?page=17"> RESIDENTIAL | HONG KONG </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 18" href="http://viewer.zmags.com/publication/ad26e9f8?page=18"> RESIDENTIAL | ITALY THE ITALIAN RESIDENTIAL</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 19" href="http://viewer.zmags.com/publication/ad26e9f8?page=19"> RESIDENTIAL | ITALY “ Historically, it has been </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 20" href="http://viewer.zmags.com/publication/ad26e9f8?page=20"> RESIDENTIAL | ITALY agreements. It establish</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 21" href="http://viewer.zmags.com/publication/ad26e9f8?page=21"> the lease agreement for tourism use. Usually know</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 22" href="http://viewer.zmags.com/publication/ad26e9f8?page=22"> RESIDENTIAL | THE NETHERLANDS BROAD REDUCE</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 23" href="http://viewer.zmags.com/publication/ad26e9f8?page=23"> RESIDENTIAL | THE NETHERLANDS </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 24" href="http://viewer.zmags.com/publication/ad26e9f8?page=24"> RESIDENTIAL | THE NETHERLANDS </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 25" href="http://viewer.zmags.com/publication/ad26e9f8?page=25"> RESIDENTIAL | THE NETHERLANDS “ With each real e</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 26" href="http://viewer.zmags.com/publication/ad26e9f8?page=26"> RESIDENTIAL | POLAND LEASING RESIDENTIAL PR</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 27" href="http://viewer.zmags.com/publication/ad26e9f8?page=27"> RESIDENTIAL | POLAND “ The institutional lease r</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 28" href="http://viewer.zmags.com/publication/ad26e9f8?page=28"> RESIDENTIAL | POLAND of the ten</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 29" href="http://viewer.zmags.com/publication/ad26e9f8?page=29"> RESIDENTIAL | POLAND “ Investing in residential </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 30" href="http://viewer.zmags.com/publication/ad26e9f8?page=30"> RESIDENTIAL | PORTUGAL PORTUGAL—BE MORE </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 31" href="http://viewer.zmags.com/publication/ad26e9f8?page=31"> European countries. Portugal offers a special non</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 32" href="http://viewer.zmags.com/publication/ad26e9f8?page=32"> RESIDENTIAL | PORTUGAL of </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 33" href="http://viewer.zmags.com/publication/ad26e9f8?page=33"> RESIDENTIAL | PORTUGAL “ It is still affordable </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 34" href="http://viewer.zmags.com/publication/ad26e9f8?page=34"> RESIDENTIAL | SPAIN THE SPANISH CONDOMINIUM</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 35" href="http://viewer.zmags.com/publication/ad26e9f8?page=35"> participation quota of each private element on co</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 36" href="http://viewer.zmags.com/publication/ad26e9f8?page=36"> RESIDENTIAL | SPAIN load-bearing walls, roof</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 37" href="http://viewer.zmags.com/publication/ad26e9f8?page=37"> Administration of the condominium Although the co</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 38" href="http://viewer.zmags.com/publication/ad26e9f8?page=38"> RESIDENTIAL | UK CO-LIVING DEVELOPMENTS I</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 39" href="http://viewer.zmags.com/publication/ad26e9f8?page=39"> wide variety of communal spaces. These communal s</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 40" href="http://viewer.zmags.com/publication/ad26e9f8?page=40"> RESIDENTIAL | UK </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 41" href="http://viewer.zmags.com/publication/ad26e9f8?page=41"> “residential” or “commercial”. This may present a</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 42" href="http://viewer.zmags.com/publication/ad26e9f8?page=42"> RESIDENTIAL | USA TRENDS IN US HOUSING EL</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 43" href="http://viewer.zmags.com/publication/ad26e9f8?page=43"> Veterans Administration Home Loan Guarantee Progr</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 44" href="http://viewer.zmags.com/publication/ad26e9f8?page=44"> RESIDENTIAL | USA accelerating the trend awa</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 45" href="http://viewer.zmags.com/publication/ad26e9f8?page=45"> RESIDENTIAL | USA </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 46" href="http://viewer.zmags.com/publication/ad26e9f8?page=46"> RESIDENTIAL | USA THE HISTORY OF ROSENWALD COURT</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 47" href="http://viewer.zmags.com/publication/ad26e9f8?page=47"> American children throughout the south and beyond</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 48" href="http://viewer.zmags.com/publication/ad26e9f8?page=48"> GENERAL REAL ESTATE | BELGIUM REGIONALIZAT</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 49" href="http://viewer.zmags.com/publication/ad26e9f8?page=49"> not specifically regulated remain under the auspi</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 50" href="http://viewer.zmags.com/publication/ad26e9f8?page=50"> GENERAL REAL ESTATE | BELGIUM “ It will bec</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 51" href="http://viewer.zmags.com/publication/ad26e9f8?page=51"> short-term (known as “pop-up”) leases is currentl</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 52" href="http://viewer.zmags.com/publication/ad26e9f8?page=52"> GENERAL REAL ESTATE | HONG KONG COLLECTIV</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 53" href="http://viewer.zmags.com/publication/ad26e9f8?page=53"> GENERAL REAL ESTATE | HONG KONG necessary fo</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 54" href="http://viewer.zmags.com/publication/ad26e9f8?page=54"> GENERAL REAL ESTATE | HONG KONG • WeWork acq</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 55" href="http://viewer.zmags.com/publication/ad26e9f8?page=55"> GENERAL REAL ESTATE | HONG KONG </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 56" href="http://viewer.zmags.com/publication/ad26e9f8?page=56"> GENERAL REAL ESTATE | HUNGARY THE HUNGARIAN</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 57" href="http://viewer.zmags.com/publication/ad26e9f8?page=57"> GENERAL REAL ESTATE | HUNGARY </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 58" href="http://viewer.zmags.com/publication/ad26e9f8?page=58"> GENERAL REAL ESTATE | HUNGARY associated wit</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 59" href="http://viewer.zmags.com/publication/ad26e9f8?page=59"> GENERAL REAL ESTATE | HUNGARY World Heritage </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 60" href="http://viewer.zmags.com/publication/ad26e9f8?page=60"> GENERAL REAL ESTATE | MAURITIUS THE PROPERTY DEV</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 61" href="http://viewer.zmags.com/publication/ad26e9f8?page=61"> which provides for a majority of the residential </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 62" href="http://viewer.zmags.com/publication/ad26e9f8?page=62"> GENERAL REAL ESTATE | MAURITIUS “ The Smart City</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 63" href="http://viewer.zmags.com/publication/ad26e9f8?page=63"> GENERAL REAL ESTATE | MAURITIUS </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 64" href="http://viewer.zmags.com/publication/ad26e9f8?page=64"> GENERAL REAL ESTATE | RUSSIA THE NEW FAC</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 65" href="http://viewer.zmags.com/publication/ad26e9f8?page=65"> authorities have taken a number of active steps t</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 66" href="http://viewer.zmags.com/publication/ad26e9f8?page=66"> GENERAL REAL ESTATE | RUSSIA “ Demolition </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 67" href="http://viewer.zmags.com/publication/ad26e9f8?page=67"> of “unauthorized structures”. In their place, par</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 68" href="http://viewer.zmags.com/publication/ad26e9f8?page=68"> GENERAL REAL ESTATE | SWEDEN CORPORATE TAX </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 69" href="http://viewer.zmags.com/publication/ad26e9f8?page=69"> • The tax reform is proposed to be applicable</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 70" href="http://viewer.zmags.com/publication/ad26e9f8?page=70"> GENERAL REAL ESTATE | SWEDEN </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 71" href="http://viewer.zmags.com/publication/ad26e9f8?page=71"> A likely consequence is that investors will see</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 72" href="http://viewer.zmags.com/publication/ad26e9f8?page=72"> GENERAL REAL ESTATE | UK UK CGT PLAYING FIE</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 73" href="http://viewer.zmags.com/publication/ad26e9f8?page=73"> GENERAL REAL ESTATE | UK </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 74" href="http://viewer.zmags.com/publication/ad26e9f8?page=74"> GENERAL REAL ESTATE | UK </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 75" href="http://viewer.zmags.com/publication/ad26e9f8?page=75"> It is intended that capital gains made by non-r</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 76" href="http://viewer.zmags.com/publication/ad26e9f8?page=76"> ISSUE 32 | www.dlapiperrealworld.com REAL </a> <a title="DLA Piper Real Estate Gazette Issue 32 page 77" href="http://viewer.zmags.com/publication/ad26e9f8?page=77"> ISSUE 32 KEY CONTACTS AMERICAS Jay Epstien Co Cha</a> <a title="DLA Piper Real Estate Gazette Issue 32 page 78" href="http://viewer.zmags.com/publication/ad26e9f8?page=78"> www.dlapiperrealworld.com</a>