Property News - May 2018
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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There seems to be insatiable demand for Ridgeside’s prime land which cascades towards the sea from the uMhlanga Ridge. “New projects are being snapped up almost as soon as they reach the market”, says Chris du Toit, Commercial Director at Tongaat Hulett Developments.
The South African Constitution guarantees a right of access to water (but not a right to water itself). What this means is that the South African Government (through municipalities) is obligated to provide access of water to everyone in South Africa, where it has the financial and infrastructural capacity to do so.
As technology improves, so does the level of property scams that do the rounds, and while every precaution seems to be taken, there will be yet another thing that fraudsters find to dupe people out of large sums of money, warns Johnny Henkes of law firm Henkes Nolte- Joubert.
Tenants who pay less than R3,000 per month have taken the most significant strain where only 74.62% of tenants are in good standing and only 57.23% pay on time.
Unique in its assessment of house price performance across 150 of the world’s cities, the latest results of our Global Residential Cities Index confirms the degree to which price growth moderated in 2017.