Property News - January 2014
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. Let us hope that 2014 is an excellent and exciting year for you.
Please bear in mind that PPI is well positioned to service everyone from the first time home buyer to the seasoned property investor. We cover sales, letting and full management of residential, commercial and industrial property and are here to assist you with all your property requirements!
The eThekwini municipality leads by example when it comes to state-of-the-art green building as demonstrated by the eThekwini Water and Sanitation (EWS) Customer Service centre in KE Masinga Avenue, developed by the City Architects.
The South African Property Owners Association (SAPOA) is questioning the legality of the increased municipal rates charged to its members. Simultaneous increases in the Rates Factor and property valuations resulted in municipal rates levied on commercial property owner’s rocket in July this year. Members have seen rates increase on average 23% for the year.
Newspapers have been awash with stories about unhappy people and the lengths to which they are willing to go in order to pull errant neighbours back in to line. Homes that have been built without planning permission, and properties that have been left to go to wrack and ruin, enticing squatters to move in, are becoming major issues.
The transformation of the housing market in 2013 has been notable. Strong price growth might not be justified by market fundamentals, but government support and rising confidence have boosted short-term price movements argues Liam Bailey.
For the past 27 years the annual Corobrik Architectural Student of the Year Awards have been the country’s premier event to highlight the creative and technical talent of the cream of South Africa’s architectural students and to drive the advancement of design excellence nationally.