Property News - November 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 them with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
Park Square, uMhlanga’s newest business and lifestyle development is due to open its doors in November 2018. Interfacing beautifully with its surrounds, the development offers a future-forward, people-centred destination where the surrounding communities and professionals can shop, work and connect.
As branded residences proliferate, from the Caribbean to China, a growing number of developers, hotel groups and investors are looking to capitalise on this opportunity. But just what are branded residences, what underpins their appeal, and what is driving the rapid expansion and diversification of this sector?
An acquaintance in the Union Buildings once made this profound observation about South Africa’s leaders since the advent of democracy: ‘Mandela gave us freedom, Mbeki gave us discipline, Zuma gave us chaos’. After working through the recent Job Summit agreement, one could add: ‘Ramaphosa is giving us coordination’.
In this article, we will take a look at how managing agents are appointed in sectional title schemes, and how the management agreement entered into can be cancelled.
The average value of a property in 150 cities worldwide increased by 4.3% in the year to June 2018, according to the Knight Frank Global Residential Cities Index. The Indian city of Ahmedabad leads the annual rankings this quarter, registering a 19% rise.