Property News - January 2012
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 and news.
Let us hope that 2012 is an excellent and exciting year for you. Please bear in mind that PPI is well positioned to service everyone from the first time home buyer to the seasoned property investor. We cover both sales and letting of residential, commercial and industrial property and are here to assist you with all your property requirements!
Property experts reckon a cut in the interest rate by the Reserve Bank would be a positive move for the South African property market.
The discovery of the area that became Durban harbour can be attributed to a Lieutenant King, who, while commanding the vessel Salisbury in 1823, was forced to seek shelter off what is now Durban.
Growing global uncertainty and government intervention in the property market, especially in Asia, will weigh on prices in some areas.
What is also prompting investors to contemplate the rest of Africa is significantly higher returns on investment.
Founding member and principal of Portfolio Property Investments, Yianni Pavlou, comments on some of the latest property transactions to be concluded in Durban. PPI has recently managed to conclude a good mixture of sales and leases across all sectors of the property market which have included residential land and houses, industrial warehouses and factories, as well as prime commercial offices and retail sites.