Property News - August 2011
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 congratulate FotoMax on securing their new retail space in Riverhorse Valley. Please see the below article for more information on Durbans first ever photographic warehouse.
As of next month you will notice an improved look and feel to our website. This is part of a major upgrade aimed at making your search for properties even easier and more user friendly than ever before.
With inflation expected to rise and interest rates likely to follow suit, a consumer under pressure and an expected downward adjustment of many asset prices, where should an investor turn?
Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index: its prices rose by 22.2%
The new Companies Act, 2008 (the “Act”) seeks to introduce a flexible regulatory framework by striking a balance between over-regulation and no regulation.
Although a body corporate is a legal entity capable of entering into contracts with both legal and natural persons, it is not a natural person itself and must therefore rely on its duly authorised officers and representatives to sign its instruments and documents.
The obligation on all accountable and reporting institutions to report cash transactions amounting to R25 000 or more, to the Financial Intelligence Centre (the Centre), came into effect on 01 December 2010.
There is a proposal to amend Section 1 of the Property Rates Act to the effect that all residential property, used to accommodate persons other than the owner for gain, should be charged commercial rates on the property.
This new one stop photographic and video warehouse now brings professional quality and service to the public with competitive prices and greater choice for the customers.