Property News - March 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.
This month we have included featured articles on the new Mt Edgecombe interchange in Durban, a property industry outlook for 2014, retirement planning, the SA infrastructure development bill as well as an international update on Londons turn around property performance. We hope you find this edition of the PPI Property News to be both motivating and informative.
SANRAL, jointly with the KZN Department of Transport, is upgrading the existing N2/M41 Mt Edgecombe Interchange north of Durban to a systems interchange that will provide free-flow movements in all directions.
Generally speaking, 2013 was a pretty good year for housing markets across the globe. The British property market saw rapidly rising prices in London while other areas saw stable growth. According to a report in The Telegraph house prices in that country rose at a pace not seen since the economic crisis and the average price for a property in the UK now stands at £174 910, up 7.7% from November last year. Things have also been improving on the South African property front.
Denial entails ignoring or refusing to believe an unpleasant reality. Typical examples of denial are responses to chronic illness, depression, addiction, financial problems, job difficulties, relationship conflicts and traumatic events. Rather like optimism, denial plays an important role in retirement savings.
There is an old adage that says “justice delayed is justice denied”. Can the same be said of infrastructure development; is infrastructure delayed infrastructure denied? In South Africa the government has identified infrastructure development as a priority to realise the growth South Africa so desperately needs and to create jobs.
Prime central London property has outperformed many other investments over the last decade. Growth is slowing as it breaks a record for consecutive monthly rises, but a jump in transactions suggests its appeal is widening beyond a ‘safe haven’ investment, says Tom Bill.