Property News - September 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.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
This precinct-based development, a joint venture between eThekwini Municipality and Tongaat Hulett, provides an interesting perspective on how land can be developed in South Africa’s urban areas (and particularly those areas situated within historically marginalised locations) to serve the needs of diverse local communities.
Raising VAT to 15% has muddied the waters of long-standing transactions in many sectors- none more so than in the property sector. Now more than ever, buyers and sellers need to pay particular attention to VAT charges and how the increased rate will affect their real estate transactions.
Alex Kock De Gooreynd, Head of Knight Frank's Portugal Desk, Shares his knowledge and insights on the residential markets in Lisbon and the Algarve.
The South African Revenue Service (SARS) permits a significant tax benefit on residential property under section 13 Sex of the Income Tax Act No. 58 of 1962. This incentive allows purchasers of residential units to ‘write-off’ a percentage of the cost of buildings, or improvements thereof, acquired or built after 21 October 2008.
As architects, women can be agents for change both in the workplace and in the way they approach designing the future built environment. This was the consensus at the Corobrik sponsored 2018 Women in Architecture Workshop which brought together professionals in the architectural, property and social science spaces.