Property News - August 2007
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.
This month we have managed to secure two very exciting investment opportunities. In our featured property slots we have both a United Kingdom buy-to-let property investment package as well as our development focus at Fashion Lofts in Johannesburg.
Both these developments are great investment opportunities and we encourage our readers to take the time to have a look at them. Full investment reports can be provided on request.
Growth in prime central London residential rents, annualised rate hits 12.2% in the year to June. Rents in prime London continue to accelerate with growth of 4.2% in the second quarter of the year. This rental increase represents the highest quarterly growth in Prime London since the index began back in 1995.
Against the background of the full implementation of National Credit Act (NCA) in June and the possible impact this could have had on house price growth in the past month, it is probably too early to make a definite conclusion that the NCA resulted in the growth rate slowing down further. The possible full effect of the NCA on the growth in house prices may only become visible in a couple of months’ time.
Three cases which dealt with the sale of land were reported in the material under review for this month's column.
Richard Rubin, MD of Aengus Lifestyle Properties said that while the sell-out had exceeded their expectations, it underscored investors’ insatiable demand for affordable, quality investment properties. The properties were priced between R250 000 and R300 000.
Walk around the area and notice things like traffic and industry noise. Make sure that you visit the property both at night and during the day.