Property News - August 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.
Have you ever felt the need for greater protection against rental losses at the termination of a lease, but had to accept that few of today’s tenants can afford a damage deposit of more than 1.5 times the monthly rent? Well, no more. See below article on Deposit Guarantees by PayProp Capital.
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).
The areas formerly classified as “Black Township Areas” under Apartheid Era classifications, outperformed the former White “Suburbs” in terms of house price growth late in 2013, albeit only marginally.
The City of Johannesburg (“City”) has recently published a draft “By-law on Problem Properties” document (“bylaws”). Problem Properties are defined to include any part of a building or structure located in the City, and which fit the criteria set out in clause 7(1) of the bylaws.
Portfolio Property Investments (PPI) Rental Management Division in association with PayProp Capital launches the PayProp Deposit Guarantee for Landlords. Underwritten by RMB Structured Insurance Limited an authorised financial services provider - FSP number 1027