Property News - December 2015
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 and news.
As the year draws to a close PPI would like to take this opportunity to wish all our clients, business associates, fund managers and valued newsletter subscribers a happy festive season and all the best going into the new year.
A collaboration of passion and expertise resulted in the successful R20 million restoration of the 167-year-old Government House in Pietermaritzburg.
January 2017 will be an important month for people who travel between Cornubia and Umhlanga on a regular basis. A new interchange on the N2 at Umhlanga is expected to be completed over the next 18 months and it is anticipated to cut travelling time between the two nodes and improve traffic flow.
Prime property prices increased by 1.9% in the year to September 2015, according to Knight Frank’s Prime Global Cities Index with Vancouver and Sydney leading the rankings with standout performances.
Global markets have been volatile since the beginning of 2015 due to question marks over the likely timing of the first US interest rate hike and various geo-political issues. While these factors could continue to cause price volatility in the short-term, how they ultimately unfold will have a minimal impact on the performance of Marriott’s portfolios in the long-term.
Explanation of what servitudes are, their legal nature and the implications of undefined servitudes.