Property News - May 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.
As our featured properties we have included a mixture of corporate office space, industrial warehousing and distribution centres as well as prime residential properties available for rent or for sale.
Should you require a tenant for one of your properties then please do not hesitate to contact us as we currently have a waiting list of prospective tenants with clean credit records. We offer our landlords the option of full management or tenant placement only.
Moving into a sectional title complex is viewed by some as a heaven-sent opportunity. There’s no grass to mow, no beds to weed, general maintenance is taken care of and balancing the books is left to those in the know.
As 2011 has reached a close, the FNB House Price Index is on a slowing growth trend once again, after a brief uptick around mid-year. The end of year average house price was still 3.2% higher than November a year ago (year-on-year)
Knight Frank/Markit’s House Price Sentiment Index (HPSI) signalled a further drop in house prices during April. A perceived reduction in home values was reported by 17% of households.
Cyprus is a full European Union and European Monetary Union member state. It offers the lowest personal and corporate tax rates in the EU together with double tax treaties with over 41 countries. It enjoys an efficient legal, accounting and banking services system and is located strategically to serve as an economic bridge between Europe, Africa and Asia. Cyprus offers an advanced telecommunications network and easy accessibility with daily flights to most locations over the world via its two main airports of Larnaca and Pafos.
Recently, FNB’s All Commercial Property Performance Indices have started to point to weakening performance ahead. The 3rd quarter did see some rise in the All Commercial Property average price growth rate. However, the same quarter also saw a very slight rise in the average capitalisation rate.