Property News - December 2016
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.
Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities globally, recorded annual growth of 0.5% in the year to June 2016.
Here’s the story of yet another bitter dispute between neighbours over the loss of a treasured view. The setting this time is a group housing development which was specifically designed to give each and every house views of both the sea-shore and of Table Mountain.
Bridge City, a strategically located industrial, commercial and residential precinct to the north of Durban, will drive substantial economic development and job opportunities.
URBAN HOUSE PRICES GLOBALLY RISE AT THEIR FASTEST RATE FOR TWO YEARS. Chinese cities have climbed the rankings but recent strong performers such as Istanbul and Stockholm are starting to wane.
Property owners and tenants may be liable for historical debt on their homes for up to 30 years in the past, due to a recent Supreme Court of Appeal ruling. The debt concerns rates and taxes, water and electricity, sewage and refuse charges.