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.



Articles

Property Survey - Reasons for Selling 1st Quarter 2014 Survey Results for South Africa

As in previous surveys of recent years, the “oldies” who sell in order to downscale due to life stage continue to be the largest single source of sales, according to the FNB Estate Agent Survey for the 1st quarter of 2014.


SA Property - Local Authority efficiecy has become a major concern for commercial property investment

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).



Property Barometer - South African Former "Township" Markets

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.



City of Johannesburg - Draft Problem Property Bylaws

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.



Deposit Guarantee - Trusted Protecion for you South African Property Assets

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


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