Property News - July 2016
BREAKING NEWS with regards to the UK EU Referendum Result
This month we have decided to send out our monthly newsletter a little earlier than normal as this news is said to have far reaching consequences for on our exchange rates and the property industry in general. See article titled: "International News - UK EU Referendum Result"
Residential property speculation seems to be at its lowest levels in more than a decade. During the previous housing boom, it was not uncommon to hear of speculators, renovators and investors buying properties, fixing them up and selling them for a profit. Lightstone’s latest analysis shows that while this behaviour was popular during that period, it has reduced signifcantly in the past five years.
Developing Africa’s first purpose-built aerotropolis, with its nucleus being Dube TradePort, home to King Shaka International Airport, is significantly impacting on north coast property patterns as the ease of access prompts investors to acquire second homes in the region.
Realistic pricing, the availability of cheap finance, strong investment in infrastructure and tax initiatives have led to renewed confidence.
A strong precinct management system has played a strategic role in the success of the Cornubia Industrial and Business Estate (CIBE).
IMPACT OF THE LEAVE VOTE ON UK PROPERTY - The referendum result will have far reaching repercussions for the UK and indeed the global economy and property markets.