Property News - February 2017
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.
This month we are delighted to announce that Seamus Holmes and Loy de Jager have joined our commercial and industrial property brokering team with Seamus in the South Industrial Basin and Loy covering the North of Durban. We would like to welcome them on board and encourage you to contact them with regards to your property requirements.
I thought that I would bring the recent case of Smith v ABSA Bank Limited (A892/2014)  ZAGPPHC 409 to your attention as it yet again demonstrates that extreme caution must be taken when dealing with a Trust.
South Africans spend more time in the traffic commuting than their counterparts in 22 similar countries – and when taken into account the country’s poorest citizens typically live on the fringes due to the legacy of spatial fragmentation – the impact of the transport challenges are most significantly felt by those least able to afford them.
The Sapoa KZN Broker Sub-Committee driven by Mr Bradley Hancock have addressed the following issues relevant to brokers in the region.
An accepted method for calculating the investment value of a property is based on the capitalized value of the gross income, minus all expenses in year 1. Applying a capitalization is an objective exercise and is essentially an indication of risk.
There are many ways that Estate Agents might unknowingly open themselves up as targets. It’s always important to be aware of not giving out too much information through advertising, which may possibly be used as ammunition by undesirables.