Betekenis van:
housing estate
housing estate
Zelfstandig naamwoord
- a residential area where the houses were all planned and built at the same time
Hyperoniemen
Voorbeeldzinnen
- 50 Thumingalar Housing Estate, Laydauntkan Rd, TGKNN, Yangon
- The housing bond system will remain unchanged as regards real estate transactions on the general market.
- To exchange debt instruments secured by mortgage upon residential housing issued in connection with the purchase of real estate, construction of new housing, or extensive additions or improvements to, or renovation of, used residential housing […].
- According to BGB’s in‐house definition, real estate financing is large‐volume financing (involving sums of EUR 5 million and upward) and thus primarily commercial real estate financing (for housing construction or shopping centres, for example).
- The potential beneficiaries of the scheme are housing companies and housing associations (Wohnungsunternehmen and Wohnungsgenossenschaften) acquiring real estate in the labour market region of Berlin by means of mergers and acquisitions.
- The Commission notes, however, that under the present aid scheme not only housing companies and housing associations owning real estate in certain districts in the labour market region of Berlin (e.g. Marzahn-Hellersdorf, Lichtenberg, Hohenschönhausen, Neukölln) can benefit from real estate transfer tax exemptions, but that the scheme applies to all such undertakings in the whole of the labour market region of Berlin.
- The State aid scheme ‘Real Estate Transfer Tax Exemption for Housing Companies in the Neue Länder’ is incompatible with the common market as far as the labour market region Berlin is concerned.
- Germany acknowledged that all housing companies and associations active in the labour market region of Berlin are eligible for the tax exemption under the measure and even if they do not own any real estate in the deprived districts.
- The imputed rental value of the owner-occupied housing unit is not recorded here but in the branch “Renting and operating of own or leased real estate” (Class 68,20 of NACE Rev. 2).
- As the regular business activity of housing companies and associations in general is the purchase and sale and/or rent of property, the payment of the real estate transfer tax would constitute regular current expenses of the companies concerned.
- The particularity of the scheme is to exempt transactions regarding real estate situated in the labour market region of Berlin from real estate transfer tax. Beneficiaries are housing companies and associations where the transaction is the result of a merger or acquisition between such entities.
- By letter dated 16 January 2004, registered as received by the Commission on 19 January 2004, Germany notified the Commission of the aid scheme entitled ‘Real Estate Transfer Tax Exemption for Mergers between Housing Companies and Housing Associations in the Neue Länder’.
- Germany claims that mergers and acquisitions in the housing sector will have a positive spill-over effect on the housing market as the newly created undertakings have the capacity to start the overdue restructuring processes, e.g. by putting vacant real estate on the market and/or by demolishing run-down apartments.
- Germany confirmed that aid amounts involved in mergers between housing companies and housing associations in the labour market region of Berlin are substantially higher than in the Article 87(3)(a) assisted areas, which is due to the size and higher value of real estate in the labour market region of Berlin [8].
- loans secured by residential real estate or shares in Finnish residential housing companies as referred to in point 46 up to the lesser of the principal amount of the liens that are combined with any prior liens and 80 % of the value of the pledged properties or by senior units issued by French Fonds Communs de Créances or by equivalent securitisation entities governed by the laws of a Member State securitising residential real estate exposures.