If the investment community is likewise thick then we could get a reasonably liquid secondary market in investment property.

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The city can effectively ban them by claiming it is doing so to prevent litter, traffic, lowered property values or other secondary effects it claims the business may cause (and needs scant evidence to support the regulation).

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Weinberg, whom resides primarily in Maryland, purchased the property in July 2010, as a secondary home for his family to use.

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It has a unique combination of cheap property, low crime, loyal workers, high levels of secondary education and now, with European funds, the ability to provide immigrant entrepreneurs with cheap start-up and development capital.

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In the case of bitcoin, a strong case can be made that, even with secondary markets, certain virtual currencies lack the legal elements of material value and property.

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"Some of these secondary centers will really struggle over the coming years with vacancy, " said Harm Meijer, a property analyst at J.

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"The monetary restitution is really secondary to the acknowledgment of the loss of the cultural heritage that the people suffered by not having their property returned to them after the war, " Mr Dubbin said.

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