The fact remains: Real estate is a sound and popular form of investment at a time ofminimal interest rates and few alternatives.The spread on risk-free government securities is huge and at least real estate generates returns; and, in addition to this, you cantouch it - it is a real fi nancial product rather than a virtual one. Investors like this and thatis why unbelievable amounts of capital flowinto this channel. There are too few objects and last year’s institutional investment capital has yet to be fullyplaced. It is very di cult for those who are not professionals or lack good contacts on the local market. This is exactly the need which is being addressed by a product for which the tax consultancy FALCON has assumed the lead. Read more of that in the attached article.