Property News - July 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.
The Global House Price Index recorded its weakest annual performance since the depths of the recession in 2009, recording only 0.9% growth in the year to March 2012. Doubts over the Eurozone’s future, coupled with the Asian governments’ staunch efforts to cool their markets and deter speculative investment, have taken their toll.
Human settlements minister Tokyo Sexwale is now in charge of the estate agency profession. Ministerial responsibility for the Estate Agency Affairs Act was transferred from the Department of Trade and Industry (DTI) to the Department of Human Settlements (DHS) on May 17.
Counterfeiting is a world-wide phenomenon which involves the copying, cloning or impersonation of a genuine product without the consent of the owner. According to the World Customs Organisation, the international sales of counterfeit goods comprise a $600 billion industry representing between 5-7% of the total world trade.
There seems to be some confusion of late as to whether a person can hold more than two proxies or not. The simple answer is yes: a person can currently hold more than two proxies – there is no limit at the moment.
The Sectional Titles Amendment Act, No.11 of 2010 was published on 7 December 2010 and within these amendments, Section 24 (6) (d) - which deals with the extension of sections in Sectional Title schemes - was addressed.