Property News - November 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 mentioned, in last months newsletter, we have recently aquired new office premises and are now based in Umhlanga Ridge. Our new contact details are as follows:
Portfolio Property Investments
20 Corporate Park
11 Sinembe Crescent
La Lucia Ridge
Tel: ++27 31 566 4605
Fax: ++27 31 566 4510
The City of Cape Town Human Settlement Contact Office in Manenberg has recently been awarded a 4 Star Green Star SA rating; the first fully constructed local municipal building in South Africa to achieve a rating.
The South African Property Owners Association (SAPOA) applauded with some caution the remaking of the board of the National Home Builders Registration Council (NHBRC). The minister of human settlement Tokyo Sexwale announced a new board following gross financial irregularities which took place under the eye of the disbanded board.
Landlords and property managers all know the hassles and risks involved in revenue collections for utilities usage by tenants. Constant increases in utilities costs and legislative changes enforcing that ownership of the utility bill with the municipality remains with the landlord result in the increased risk of unpaid bills.
The primary objective of the National Credit Act, 35 of 2005 (“the NCA”), is reflected as being, on the one hand, to promote a fair, transparent, responsible and accessible credit market and, on the other, to protect consumers.Where insolvency conflicts with the protection granted to consumers by the National Credit Act
Prime rents in key cities worldwide rose by 2.3% in the year to June. Corporate demand, particularly in the world’s emerging markets, is driving rents higher, helping to offset Europe’s fragility.