Property News - March 2007
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 are pleased to announce our recent association with Business Partners and have included an article by executive director Gerrie van Biljon on how to obtain 100% finance on commercial properties.
Thanks and Enjoy
Portfolio Property Investments News Team
All factors, positive and negative, legal and financial, should be thoroughly investigated and considered before building or buying property, as it is a costly and lengthy process. The financial implications of acquiring property will impact an individual or a household for many years into the future. The following aspects also need to be considered and checked when building a new house or buying an existing one:
Financing a commercial property can be demanding on the cash resources of a business. Financial institutions as a rule are prepared to finance only the risk free portion of the purchase price and will usually require a deposit of 30%.
Latest results from Knight Franks Prime Central London House Price Index reveal the strongest rate of price growth in 28 years, with prices climbing 31.0% in the year to February.
Can a lessor eject a lessee pursuant to cancellation of the lease for purposes of renovating the leased property? . In purporting to cancel the lease, the lessor placed reliance on a clause in the contract which allowed for cancellation in the event of intended renovation of the building.