With rents rising at ± 7.5% per annum in all the major centres of South Africa, landlords might just possibly be in a strong position to crack down on a problem that is now becoming widespread and more disruptive: the illegal overcrowding of rented premises.
14 Mar 2014 14:55
With some residential property bond holders now concerned that the interest rates will rise further in the not too distant future, he is occasionally asked whether this might be right time to fix interest rates, says Mike van Alphen, National Manager for the Rawson Property Group's bond origination division, Rawson Finance.
13 Mar 2014 11:02
AltX-listed MAS Real Estate said its capital raising in February had been "very successful".
By Alistair Anderson 13 Mar 2014 09:15
At present a verbal rental agreement is still legally binding - in fact it's pretty much the only property contract that can be concluded like this today. Currently, the Rental Housing Act 50 of 1999, section 5 stipulates that: a lease between a tenant and a landlord, subject to subsection (2), need not be in writing or be subject to the provisions of the Formalities in Respect of Leases of Land Act, 1969 (Act No 18 of 1969). However, a landlord must, if requested by a tenant, reduce the lease to writing.
12 Mar 2014 08:56
When the Tower Property Fund assembled its portfolio and listed on the JSE in July 2013, it announced a clear strategy of generating competitive investment performance by adding value through property asset management and the cost effective greening of the portfolio, resulting in lower operational expenditure, increased tenant retention and lower vacancies.
10 Mar 2014 13:51
In good times and bad, investment in real estate has proven difficult to beat by almost any measure. While world stock markets have had a good run, the fickle nature of excessively high price/earnings ratios has brought a nervousness that, for many, is difficult to live with. Equally, gold has been erratic in its performance.
7 Mar 2014 10:56
One of the big advantages of dealing with an experienced bond originator - or an estate agent who has been trained to help and mentor his buyers - is that the buyer will not be confronted as the sale nears fruition with a range of extra costs that he was quite possibly never aware of.
7 Mar 2014 07:00
Regardless of the economy and the rising interest rate, property remains one of the best ways for the average South African to accrue wealth.
5 Mar 2014 12:06
Recent real estate trends show increasing local and international interest in property in the Cape Winelands. Price competitiveness, excellent value, a healthy variety of lifestyle and homeowner options, proximity to Cape Town and the truly magnificent surroundings are just some of the reasons that local real estate agents have identified as fuelling the keen attention of a range of property buyers.
5 Mar 2014 11:33
Growthpoint Properties‚ the biggest JSE-listed real estate investment trust (Reit) that operates in South Africa‚ managed to grow its distributions 8% to 78.5c per share in the six months to December last year.
By Alistair Anderson 5 Mar 2014 10:18
The agricultural sector grew employment by 65,000 between 2009 and December last year, says Economic Development Minister Ebrahim Patel.
5 Mar 2014 07:33
A surge in demand for modern new office space in Johannesburg is resulting in many of South Africa's blue chip companies relocating to the bustling Atlas Road, alongside the site of the planned OR Tambo Aerotropolis.
3 Mar 2014 12:03
The recent performance and resurgence have indeed endorsed that the real estate sector of Dubai is all set for touching vertical highs. Rising sale and rental prices of properties in Dubai are once again enticing investors to funnel investments in this sparkling market and materialise notable returns.
By Shehryar Qureshi 3 Mar 2014 11:22
Investec Property, which operates Investec Australia Property Fund (IAPF), has announced that the fund has purchased an A-grade commercial office building in the Garden City Office Park, located 15km south of Brisbane's CBD in one of Queensland's fastest growing precincts. This prime property was purchased for AUD 20.95 million at a yield of 8.25%.
28 Feb 2014 12:01
One of the common mistakes made by potential home buyers is that they have somehow picked up the idea that if they have substantial assets these will qualify them for a mortgage bond.
27 Feb 2014 13:46
When it comes to finding the right tenant to place in your investment property, there are some important considerations to take in to account when deciding on the type of mandate to give your rental agent.
25 Feb 2014 13:19
Shoprite Holdings has committed to a 10-year lease in The Green Precinct at Gosforth Business Park, one of Improvon's flagship developments in Gauteng. Grant Lewington, business development executive of Improvon, has confirmed that Shoprite's lease commenced in January 2014.
25 Feb 2014 10:33
Homecoming Revolution's London Expo will take place from 15-16 March 2014 and will feature a variety of exhibitors, guest speakers, workshops and case studies aiming to encourage Africans to return home.
25 Feb 2014 09:20
Trafalgar Property and Financial Services is pleased to announce that it now offers its clients the benefits of Rentshield as an additional service. Rentshield is a unique property letting management tool which enriches Trafalgar Properties' service offering and adds value to the level of service provided to clients.
24 Feb 2014 16:06
Specialist shopping centre real estate investment trust (Reit) Hyprop Investments reported a distribution of 231c a unit, up by 9.5% increase for the six months to December.
24 Feb 2014 08:02
Sandton, destination Gauteng moved a step up in terms of reaffirming its standing as South Africa and Africa's economic hub with world-class support infrastructure for investors, tourists and business alike with the opening of the Gauteng Investor Centre (GIC) in Sandton by Premier Nomvula Mokonyane.
21 Feb 2014 15:02
The Cape Quarter Lifestyle Village, situated in Green Point, Cape Town, has recently undergone several changes and has experienced rapid regeneration through the efforts of managing agents Spire Property Management and the owners of the building, the Tower Property Fund. Among the changes is a new line-up of retail and office tenants.
21 Feb 2014 12:43
The controversial e-toll system is likely to lower property prices in neighbourhoods on toll routes, according to Marina Constas, a specialist sectional title attorney and a director at BBM Attorneys.
21 Feb 2014 09:41
The Reserve at Taj, a conference and banqueting venue, will open in March 2014 at 111 St Georges, Cape Town.
19 Feb 2014 11:39
Tyson Properties recently announced that it is the first KwaZulu-Natal real estate group to conclude an affiliation agreement with Christies International Real Estate, the property arm of the international auction house.
18 Feb 2014 13:33
South African and expat investors who want to diversify their portfolios to include international property have a new opportunity with the announcement of a global partnership between IP Global and the deVere Group.
18 Feb 2014 13:20
Much has been said about the residential property market that could lead buyers and sellers to believe that it's in trouble; from the high price of construction to increasing municipal costs, the difficulty to obtain home loans to economist Erwin Rode's claim that the market is overvalued by 20%.
17 Feb 2014 13:03
Residents of Johannesburg should not be surprised to see metro police and other city officials frequenting their areas.
17 Feb 2014 10:49
Due to the unprecedented influx of first-time buyers, the oversupply of homes on the market in 2013 has now virtually resulted in a shortage of middle-income homes for 2014.
14 Feb 2014 11:39
Black-controlled Rebosis Property Fund and Delta Property Fund have put their respective take-over bids for Ascension Properties on hold to avert a protracted bidding war for Ascension's lucrative R3.2bn portfolio of government-tenanted offices.
By Joan Muller 14 Feb 2014 10:33
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