Property News - March 2010
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 would like to draw your attention to our featured properties of the month which include a large new A Grade warehousing facility in popular Springfield Park, Durban which is available to lease or purchase under auction terms as well as a land development opportunity North of the new King Shaka International Airport in Durban.
HOT OFF THE PRESS we have also included as a featured article: JP Landman’s political comments on the SA 2010 Budget Speech – Article 5 Titled: The “swing to the left”
The strong price performance delivered by development land in Q4 reflects the recovery we saw in the wider residential market during 2009. With UK house prices recovering by 6% across the year and sales volumes picking up …
In the case of a property transaction, if the seller is a VAT vendor, and the sale is in the course and furtherance of the seller’s enterprise, VAT will ordinarily be payable at …
The upward trend in nominal house price growth, evident since the middle of 2009, continued up to January 2010, based on Absa’s calculations. In real terms, house prices continued to decline up to December last year, with the increase in CPI inflation to a level of 6,3% year-on-year (y/y) (5,8% y/y in November) influencing real price growth calculations.
Deposit Guarantees replace the cash deposit that is normally paid by the buyer to a seller to secure a property. It allows the buyer the opportunity to pay the full amount of the purchase price upon registration of transfer, instead of raising the cash deposit upfront.
If I were Cosatu I would feel very unhappy, even betrayed. Both the President and his right hand minister, Collins Chabane, talked up decisions on inflation targeting and the Rand which were to be announced by finance minister Pravin Gordhan. Then comes budget day and …