Property News - January 2015
Welcome to our 100th edition of the PPI Property Investment Newsletter, the aim of which has always been to keep you up to date and informed as to the most recent property trends and news.
As we enter our 10th year of trading we would like to congratulate Nico Smith and Pavan Ramkolowan on their promotions to Senior Property Consultants within the PPI Group. We would also like to congratulate Bradley Hancock on his election to Chairman of the South African Property Owners Association (SAPOA) Broker Sub-Committee for KZN.
PPI is also hugely excited to announce that Lowell Singh and Dean Solomon have recently joined our team bringing a wealth of knowledge and experience into the groups leading team of property practitioners.
All of us at PPI would like to take this opportunity to wish you an exciting and prosperous 2015. Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
Tongaat Hulett has embarked on a new chapter in its land conversion activities with the appointment of Savills (UK) in association with 5th Avenue and the Pam Golding Properties Group to launch Sibaya Nodes 1 and 5 real estate opportunities to an international market.
Tongaat Hulett partners with BEE Consortium through the sale of prime land in Cornubia Business Hub. Tongaat Hulett’s 12-hectare, 85,000 m2 Cornubia Business Hub, which was launched in late August, has sold out.
Households perceive that the value of their home rose in November, according to the House Price Sentiment Index (HPSI) from Knight Frank and Markit Economics.
London has seen the biggest growth in the private rented sector out of any region in the UK over the last decade. The expansion of rented accommodation as a form of tenure has been driven not only by the dynamics of affordability in the London housing market, but also a preference for more flexible living arrangements.
The long anticipated Rental Housing Amendment bill will begin a renewed process through Parliament. When this bill is enacted, it will have far-reaching consequences for the rental market. Section 4 of the Principal Act has been streamlined to define the rights and obligations of both tenants and landlords.