Property News - April 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 would like to congratulate Mark Bennett on achieving more than R1 million in commission sales and his subsequent promotion to Senior Property Consultant and Group Head of Sales. Please feel free to contact Mark with regards to all your sales, leasing and property management requirements.
Efficient towns and cities with competitive rates and taxes stand to benefit from more commercial property investment and development in 2014, according to the South African Property Owners Association (SAPOA).
There are many different ways of ranking skyscrapers. Total height and number of floors are the most popular, but the new Knight Frank Skyscraper Index bases their commercial value on an analysis of the capital value of upper-storey floor space. Upper floors typically command premium pricing in the leasing market, achieving what are referred to as ‘nose bleed’ rents in Manhattan.
Global house prices are mirroring the upturn in the global economy. Our Global House Price Index, rose by 8.4% in 2013 compared with 4.6% in 2012. Kate Everett-Allen examines the latest results.
The launch of sub-orbital space travel presents the opportunity to radically shift global property markets, according to Knight Frank’s Wealth Report.