18 Jun 2013

Property & Real Estate

Banning, a bad idea

That's the message according to research released last week by Econometrix. The results show that a ban on alcohol advertising would cost nearly 12,000 jobs and almost R1.8bn in tax revenue.

The government has, as expected, dismissed the findings as one-sided etc, but one has to ask whether the full implications of banning alcohol advertising, Health Minister Aaron Motsoaledi's latest target, have been properly thought through.

Econometrix senior economist Rob Jeffrey said his research also revealed that there was no statistical relationship in South Africa between advertising expenditure and the consumption of alcohol.

Also on the government beat, the SA government wants an investigation into spy allegations made by a UK newspaper, which claims that SA delegates were among those who attended the 2009 Group 20 meeting who were put under surveillance.

The poorest of the poor are the first to suffer when food prices rise and now Agriculture, Forestry and Fisheries Minister Tina Joemat Pettersson says high prices are a threat to food security. Dead right - so what about doing whatever possible to not only keep commercial farmers on the land, stop landing them with wage bills they cannot sustain, and generally ensuring that we produce food here, rather than have to import it - because the latter will cost a great deal more.

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Rod Baker, Content Director

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Weekly top stories

IPD Property Investment Conference next month in CT
Sponsored by Stanlib, the Investment Property Databank's (IPD) 11th property investment conference will take place in Cape Town on 18-19 July 2013 at The Westin Grand Hotel. Read more >>

Property & Real Estate
Engel & Völkers Southern Africa`s growth in sales
The growth in the property market has been relatively flat over the past few years, only showing signs of an increase in the last couple of months. With the subdued real estate market being so competitive, only a few agencies have managed to increase their turnover. Read more >>



Ascension thrives in first year of listing
11 June 2013 saw Ascension Properties Limited celebrate its first birthday as a JSE-listed property fund. The property income fund has demonstrated notable growth since its listing, and has achieved all objectives that were set for its first year. Read more >>

Create/update your MyBiz Profile on Bizcommunity and win!
[Issued by Bizcommunity.com] Create or update your MyBiz Profile on Bizcommunity before 30 June 2013 and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000. The winner will be picked via a lucky draw and announced on 1 July 2013 on Biz, Facebook and Twitter. Read more >>  visit press office >>


Commercial
Nigeria's corporate travel boom
[Nick Hedley] The Nigerian hotel market is experiencing a corporate travel boom and although a difficult market to operate in, it offers attractive opportunities for major operators, according to a report released by professional services firm PwC. Read more >>

Women engage in robust bidding for petrol station
The Aucor multiproperty auction on Wednesday, 12 June 2013, was notable for the brisk bidding for five fuel stations and sites - and the strong presence of women bidders who robustly contested the fuel stations on offer. Read more >>

Ascension's day as it buys properties
[Nick Hedley] Ascension Properties has continued its rapid portfolio growth since listing a year ago‚ having concluded an agreement to buy Shell House and Ovenstone House properties in Cape Town from Atterbury Investment Holdings for R341m. Read more >>

Investec both 'lender and investor' in farm
Construction of West Coast One, a 94MW wind farm near Cape Town, is expected to start as soon as the project's developers reach financial closure. Read more >>


Exhibitions & Events
IPD Property Investment Conference next month in CT
Sponsored by Stanlib, the Investment Property Databank's (IPD) 11th property investment conference will take place in Cape Town on 18-19 July 2013 at The Westin Grand Hotel. Read more >>


Property Management
Epitome of recovery in Dubai property market
[Shehryar Qureshi] As predicted by real estate experts, 2013 is proving itself as the year of profound and robust recovery for the UAE real estate sector in general and that of Dubai in particular. The UAE has been showcasing an overall bullish market trend driven by the recovery of its property market. Read more >>

Property's recent performance
[Melvyn Lloyd] A lot has been said and asked about property's poor performance during the last week of May. Property is a hybrid asset class with a high positive correlation to bonds. This basically means that when bond yields, for example, rise, then property yields will follow suit, although not necessarily to the same degree. Read more >>


Rental
Leisure renters seek coastal getaways - Daniel
Many holidaymakers still choose coastal locations when looking for leisure rental property. This is according to Greta Daniel, national sales and operations manager for Pam Golding Franchise Services. Read more >>

London's buy-to-let residential property market is booming - Golding
Over the years, South African residential property investors, looking for international property investment destinations, have tended to favour the London buy-to-let market perhaps more than any other international market and this remains the case in the current market. Read more >>

Holiday renters vulnerable to scammers - Roberts
Holiday makers may need to err on the side of caution as the mid-year break approaches. When investigating holiday options, it pays to be aware that conmen and women are at the ready to relieve would-be vacationers of their hard-earned money. Read more >>


Residential
Gearing can increase property investors' returns - Rawson
Analysts who compare returns on different asset classes often overlook an advantage of buying property: a mortgage bond can be used for gearing, which increases an investor's return on a relatively small initial capital outlay. Read more >>

Winter is a good time for house hunting - Rawson
According to Bill Rawson, chairman of the Rawson Property Group, although most Capetonians are reluctant to venture out in the winter weather, this can be a very good time to buy residential property. Read more >>

Electric fencing must comply with new legislation - Van Niekerk
South African homeowners who install electric fences for added security should be careful to use the services of a certified electric fence installer. If not, homeowners could face financial loss if their insurance claims are rejected or legal costs as a result of liability claims. Read more >>


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