Property News - April 2008
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.
This month, we have a rare 5788m2 warehousing facility alongside Durban Harbour. This investment comes with a Blue Chip tenant and a nine year lease already in place.
In our featured development slot we have a United Kingdom buy-to-let property investment package. This comes with the option of offshore finance at rock bottom interest rates. Full investment reports can be provided on request.
Whereas retail property is strongly linked to the consumer, industrial and warehouse space is linked more to the broad economy, and with a strong manufacturing sector link. The consumer remains important in this property category. A strong retail sector definitely drives the need for more warehouse space, and also for more manufacturing (industrial) space as consumer demand boosts the need for manufactured goods.
In recent years the rise in global wealth has been mirrored by a growth in the desire of HNWIs to acquire property as a means of expanding their investment portfolios. The UK has a long established position for attracting investment of this type with HNWIs drawn to its robust, free market economy, stable political environment and, crucially, advantageous tax regime.
Despite the slowdown in the wider property market, London's super prime market looks set to lead the UK for at least the next 12 to 18 months. More specifically our findings reflect the fact that central London's position as a world-class property market looks set to continue.
In February 2008, year-on-year growth in house prices in the middle segment of the market (see explanatory notes) slowed further to a nominal 8,7% from a revised 9,9% in January. House price growth has not been so low since the end of 1999, when it was 9,3%. These trends in house price growth are according to the latest Absa House Price Index, which indicates that the average price of a middle-segment house was about R969 800 in February.
What is a sectional title unit? What is the common property? What are exclusive use areas? Is ownership acquired of the property purchased under sectional title? What is the difference between a share block and sectional title scheme? What is a registered real right of extension? Who controls the complex … (and more?)