Property News - May 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.
With the debate surrounding Margaret Thatcher’s legacy well underway I thought it would be timely to assess how UK property prices have performed under recent Prime Ministers.
University of the Witwatersrand Student, Nontokozo Mhlungu has, clinched the prestigious national Corobrik Architectural Student Award for 2012, beating finalists from seven other universities around South Africa to the winning post.
House prices around the world rose by an average of 4.3% in 2012 according to Knight Frank’s Global House Price Index. As Kate Everett- Allen explains, stronger conditions across all other world regions are offset by continuing challenges in the main European markets.
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?
After a particularly challenging 2012, stakeholders and participants in South Africa’s commercial and industrial property sectors should probably be checking that the hatches are still firmly battened down in preparation for an equally challenging 2013.