Property News - September 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.
We trust that you find this months articles to be informative and please dont forget to contact us with regards to all your property sales and leasing requirements.
Sectional title schemes are mini democracies. The Sectional Titles Act and prescribed rules codify the principles of the common law of co-ownership. One of those principles is that one owner can’t do anything with the shared property without the agreement of the other co-owners.
Optimising on already established housing institutions, the Human Settlement Department tasked the National Housing Finance Corporation (NHFC) as the Implementing Agent of the revised FLISP strategy.
Estate agents surveyed by the Tenant Profile Network, (TPN) recently revealed that the residential property market faces good quality rental stock shortages with 94 percent of respondents indicating a shortage of rental properties.
While Hong Kong tops the purchase cost table, the opposite is true when it comes to the annual cost of buying a property. Liam Bailey, Global Head of Residential Research, comments:
The average price of luxury homes in the world’s key cities increased by 2.4% in the second quarter of 2013, a marked improvement on the 0.4% fall recorded in the first three months of the year. Kate Everett-Allen examines what’s behind the index’s recovery.