Property News - August 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.
In pursuit of more sustainable human settlements, lowest life cycle costs should be a fundamental objective. Enhancing thermal comfort and lowering heating and cooling energy through the use of clay brick walling envelopes is an important contributor towards this end.
A recent Supreme Court of Appeal judgment has provoked a response from the Minister of Finance, raising the possibility of amendments to the Income Tax Act to prevent a similar outcome in other cases. The judgment was in the matter of Commissioner for the South African Revenue Service v Tradehold Ltd.
The lack of mortgage finance continues to impact the Scottish country house market, with many families choosing to stay in their current home rather than moving up the housing ladder.However it is notable that homes with the ‘wow’ factor are attracting attention, from domestic, London and overseas buyers alike. This underlines the current trend of the very best properties continuing to outperform the wider market.
Economic instability, and more specifically the Eurozone’s debt crisis is the most critical factor to future demand in corporate global lettings.
The debates around the Land Reform Policy and the position likely to be taken by government and other bodies, continues to fuel uncertainties in other sectors of the property industry. SAPOA believes that while the historical background of land ownership needs to be addressed, it is critically important that South Africa navigates through the sensitivities with the greater vision being to ensure that the imbalance is dealt with and that the economic stability continues to be reinforced.