Interested in cities with an active commercial real estate market? - It's Frankfurt and Berlin

Investors around the world are closely monitoring where the most vibrant housing markets are located. Their location is constantly changing, and the leaders change each other almost every year. In January this year, JLL published a report on this issue, based on the City Momentum index.

According to the report, the top ten cities with the most active commercial impulse in the real estate market are as follows:

Silicon Valley (USA).

Frankfurt am Main, (Germany).

Berlin, (Germany).

Boston (USA).

Helsinki, (Finland).

Austin (USA).

Osaka (Japan).

Jeddah (Saudi Arabia).

Singapore.

Warsaw (Poland).

Silicon Valley has become a leader due to its highest technological sophistication. The most modern world corporations open their offices and headquarters here, new technologies are born in this region and scientific centers develop.

Boston and Austin are also saturated with research institutes and prestigious educational institutions. All these factors, as in Silicon Valley, generate the highest demand for rental housing.

The two German cities that broke into the top three have become the focus of intense attention from foreign corporate investors in 2019. Helsinki and Warsaw are also attracting the same increased interest, and they are able to offer very affordable commercial offers to willing clients.

Osaka, which was at the top of the list last year, fell 7 positions, but remained in the top ten, maintaining the image of a city with a very lively commercial real estate market.

Jeddah entered the top ten due to the rapid construction of hotels, because Saudi Arabia still counts on the development of tourism and entertainment industry.

The situation is similar in Singapore. The city-country is also building hotels, maintaining active interest from tourists. In addition, rental rates have increased significantly here, and investments in real estate show stable growth.

Permanent Residence and EU Citizenship: Life in Germany after refusal to extend residence permit

Sometimes it is impossible to understand the train of thought and the reasons for the adoption of certain decisions by officials at various levels. And okay, when the problem arose with a visa, it is correctable. But what if you live a year without violations, enter a university, make plans, and then some official suddenly something seems, and instead of extending the residence permit - get a refusal? The situation is more complicated than trouble with the visa, because not just one meeting is canceled, and long plans are ruined and everything goes wrong.

Unfortunately, such situations are not uncommon. And we will tell you about one of them, as well as the way out, in our case study today.

Purpose

Andrei came to GARANT.in on the recommendation of our regular client who had received visas from us several times. First of all, he wanted his wife to be able to return to Germany and continue her studies. He also wanted to solve the problem of permanent relocation of his children. After all, it is better when the children are always close by and the mother's studies are not interfered with.

Our heroes

Husband Andrei, 49 years old, manager of international relations in a large company. Wife Inga, 40, student and housewife. Oskar, 16, and Vitya, 6, are sons.

Inga had dreamed of living in Germany for many years, but her husband's career, family and many other circumstances did not allow her dream to come true. After her spouse was no longer bound to a certain place, and spent most of his time on business trips, our heroine found a reason to go to Germany: “I will become a student!” she decided. Everything was fine, the dream came true, but ...

A year later, without explanation, she received a refusal to extend her residence permit. Neither complaints, nor courts, nor appeals yielded any result. All dreams were shattered and Inga, having abandoned her studies, was forced to leave her beloved Germany.

Proposal

Since Andrei did not share his wife's desire to move to Germany permanently, we proposed to apply for a Permanent Residence Permit in the European Union. It would allow the family to stay in Germany for an unlimited period of time, to finish Inga's studies, not to bother the children with constant moves, and, if desired, to move to Europe permanently and obtain citizenship.

Difficulty #1

Negotiations and consultations were conducted only with Andrei and exclusively in correspondence mode, who, as it turned out, did not have full knowledge of the information. This created a small problem 2 weeks before submitting the documents: it turned out that neither Inga nor her youngest son Vitya had a Schengen visa. We were ready for this turn of events and in a matter of hours we gathered everything we needed to get a visa in 24 hours.

Difficulty #2

But the consulate's decision surprised us a bit. Having seen the refusal to grant Inge a residence permit, the officer felt that the visa petition could not be granted. This is despite the fact that the woman fully met all other requirements. Inga already wanted to give up everything, believing that fate itself does not allow her to reunite with her beloved Munich.

But after considering our appeal letter, the consulate changed its decision and, 16 days later, Inga and Victor had a visa in their passports.

Result

Finally, everything was ready. The family traveled to Europe, successfully submitted all the documents, and 58 days later returned to the country to officially accept the new status.

 The dream had truly come true. Now Inge could not prevent her from living in her beloved Germany, continuing her studies, and most importantly - her children and husband could always be close by.

Our heroine, after receiving the status, rented an apartment in Munich, where Oscar and Vitya immediately moved. It was in Germany that Vitya would go to the first grade, and Oscar had already entered the University of Munich, where his sophomore mother had easily reinstated him.

Thus Inga did much more than just get the opportunity to continue her studies:

She saved her dream and can now live in Germany for as long as she wants.

Her children have forgotten about the constant moving around and are now always close to their mother.

Andrei no longer needs to constantly apply for visas for business meetings. He can travel freely throughout Europe.