Property News - July 2009

Welcome to our property investment newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends.

For an up to the minute status on the UK lettings market and some solid advice for portfolio landlords have a read of the first article entitled: “UK Property – Lettings Market Advice” courtesy of Gareth Martin from Managed Exit.

Articles

UK Property - Lettings Market Advice

Theoretically speaking, the converse effect to a weakening in the sales market should be a strengthening of the lettings market. This is basic (soap box) property market theory, and relies on the premise that ultimately people need to live somewhere, and if they can’t buy they’ll have to rent. This make sense on paper, however in practice the reality is currently very different.

The Education and Training Department of the Board has concentrated on ensuring the successful implementation of the new educational dispensation for estate agents which came into effect on 15 July 2008.

According to Alliance Group, Chief Executive, Rael Levitt when reviewing the health of residential property markets around the world, a picture emerges which is of great relevance to South Africa. Worldwide there has been slowing economic activity and a credit crunch contributing to a decline in housing activity, prices and construction in most major economies.

There has been a steadily improving picture in the central London market in recent months with buyers growing in number and deals beginning to shift upwards.There is no question that purely in terms of sales activity the central London market is unrecognisable from where it was six months ago.

Data on residential building activity released by Statistics South Africa up to April 2009 indicate that the planning and construction phases of the housing sector remain depressed against the background of tough economic conditions.

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Past News Letters

• May 2010
• April 2010
• March 2010
• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
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• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006