Property News - May 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.
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Development at Bridge City is gathering momentum in 2017, according to Brian Ive, a development executive at Tongaat Hulett Developments, which is driving the evolution of this ground breaking mixed use precinct to the north of Durban.
Years of human settlement, including sugar cane farming, have left the banks of the Ohlanga River in Cornubia degraded and filled with alien plants,” notes Bongani Gumede, Corporate Director of Tongaat Hulett Developments. “We recognise the importance of a healthy riparian zone and for this reason, we have teamed up with Wildlands Conservation Trust to rehabilitate the stretches of land on either side of the river.
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House prices across 150 cities worldwide increased by 6.6% on average in 2016. Chinese cities occupy the index’s top nine rankings for annual house price growth but we expect a marked change next quarter.
MOST of the new stores going up here are positioning themselves for future growth, says Yianni Pavlou, Portfolio Property Investments company principal.