Property News - August 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 we have included an interesting review by Knight Frank in which they outline international property performance in their below article titled: "Global House Price Index".
Knight Frank’s global house price index confirms that average prices rose 6.6% in the year to March, the highest rate of growth since Q2 2010. Kate Everett-Allen assesses the potential for future growth.
Joint owners of a piece or pieces of land may want, or need, to redistribute the land among themselves and so become individual owners of a defined portion of that land (or of a sectional title unit) in their own names. This can be done in terms of section 26 of the Deeds Registries Act and a partition agreement.
Changes proposed by the National Treasury cover key areas such as consolidation, governance and greater regulation, simplification of an extremely complex sector and portfolio of products, disclosure and easier enrolment of individuals into funds.
Negotiations for the first property sales within the recently released 17 hectare Bridge City Business Estate – a prime location just 17 kilometres from the Durban port and 23 kilometres from the King Shaka International Airport – are well underway.
Based on our extensive research into optimising an income stream, we have established that the best way for an investor to achieve an adequate level of income and to grow his or her assets is to invest in those assets which demonstrate growth in income.