Property News - February 2013
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.
This month the PPI Team is proud to be part of the exciting new initative called the E-Mile. Our team of PPI swimmers and supporters will be at the Midmar Mile where we are swimming to raise awareness for children with disabilities. Please see our article titled: "Midmar Mile - PPI is going the Extra Mile" This valuable cause needs all the support we can muster.
For a century and more, the “voetstoots” clause in a contract has proved a solid bulwark for a seller of goods or property. In essence, this clause records that the subject of the sale, whether movable goods or immovable property, is sold "as is” and without any warranties as to its condition or suitability.
Time is running out to make use of the tax-friendly window period introduced by SARS in 2010. The relevant provisions allow taxpayers to transfer residential homes that they hold in companies, close corporations or trusts (entities), to their personal names without incurring the usual transfer duty and CGT liability.
Given the tight economic conditions and post recession hangover, creative thinking is required to get ahead in the game. I have seen some interesting alternatives to the standard home loan being offered, one of which is the 30 year loan term. This alternative is marketed as an added benefit and is sold on the premise that it’s a good thing. Is it?
Price growth in the prime central London property market continued into the New Year, but what impact has sterling’s recent slide had on the sector? Liam Bailey Head of Global Research at Knight Frank examines the data and shares his forecasts for 2013.
This year the PPI team will support a new and exciting initiative, The Extra Mile at this years Midmar Mile race. Watch out at this years race event number one and you will find an extraordinary swimmer Sebastian Crawford in the leading pack.