Property News - June 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.
On behalf of the Extra Mile, PPI’s social responsibility program, we would like to thank the Umhlanga Round Table represented by Nico Smith, for their generous donation of equipment to be used in supporting children with Cerebral Palsy.
For more information on the Extra Mile initiative: www.e-mile.org
When it comes to sectional property things become more complex because any dealing requires some degree of permission or cooperation from the community of sectional owners.
The average price of luxury homes in the world’s key cities fell by 0.4% in the first quarter of 2013 although the annual rate remained positive at 3.6%.
There is a changeover at the helm on the Institute of Estate Agent of South Africa as Jeanne van Jaarsveldt takes over the reins from former president Johalna Minnaar.
The commercial property market in South Africa remains resilient despite being under constant pressure, and it is apparent that the containment of operating costs is an increasingly key priority. Facilities management is rapidly emerging as an important factor which is a key contributor to containing costs and achieving savings.
Kevin Bingham of FGG Architects in Durban was inducted as president of the KwaZulu-Natal Institute for Architecture (KZNIA) at the KZNSA Gallery in Glenwood on May 16, 2013.