Property News - April 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 new A-Grade Executive Offices in Prime Umhlanga Ridge as well as platformed land at the Old Mill Industrial site in Mount Edgecombe.
We have also included articles from the Estate Agency Affairs Board that cover the state of the KwaZulu-Natal property market as well as the latest update on Durban’s Moses Mabhidha state of the art soccer stadium.
On popular demand we are also delighted to announce that we have set up a further service that offers our clients a full business brokering network. Should you have a business that you wish to sell or franchise then please don’t hesitate to contact us.
Budget 2010 – Items of Interest to Estate Agents and the Property Industry
VAT for property developers to be investigated ... the VAT treatment of residential and commercial accommodation to be reviewed ... an enhanced allowance for property developers to be considered ... electronic payments to become the only way to pay transfer duty
New Soccer Stadium - Durban Ready for 2010 FIFA World Cup Kick Off
On 13 June 2010, a blast on the referee’s whistle will signal the start of the first 2010 FIFA World Cup game to be hosted at Durban’s iconic Moses Mabhida Stadium - an occasion which will be marked with pride by all Durban residents ...
KwaZulu-Natal - The Current Property Market in KZN
It is no surprise that many investors are eager to buy property in Durban and real estate in midlands, Northern KwaZulu-Natal, Southern KwaZulu-Natal and the Durban Metropolitan. Set in sub-tropical lush vegetation, boasting a world-class trade and commerce, one of South Africa’s busiest harbours ...
UK Property - An ageing population presents an opportunity for developers
Retired people form the country’s fastest growing demographic group. An explosion of grey hair has significant implications for the future of retirement housing and the wider residential market.
SA Residential Building Statistics - Contraction in residential building activity continued unabated in early 2010
Residential building activity in the South African housing market showed a significant contraction in January 2010 compared with a year ago, despite indications that the pace of contraction slowed down towards the end of last year.
UK Property Taxation - Changes to Stamp Duty in the United Kingdom
The removal of stamp duty for first-time buyers purchasing properties under £250,000 is a welcome move and will benefit the new-build market that has been particularly hard hit by the housing downturn.