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Property News - 02 June 2016

FROM THE EDITOR

The expropriation bill, which sets out the new ways that the government can take land with compensation, was passed with a massive majority in the National Assembly last Thursday. The bill now be sent to the president for assent. Read more in Parliament approves land expropriation bill

According to Carin Mayer, Head of FNB Share Investing, we need to move away from the misconception that investing is just for wealthy people – anyone who has the will can start investing, it does not require large amounts of money. She shares some great advise with prospective investors in Tips for first time investors.

In Insurance in sectional title schemes should be checked regularly we read that it is important for sectional title owners to not only attend the AGM but to personally check whether the insurance cover is right for their scheme and their own unit.

In Focus On this week, we take a closer look at Observatory, Johannesburg. Observatory not only offers proximity to the same amenities enjoyed by exclusive neighbours like Mountainview and Houghton, it also boasts predominantly freestanding homes on large grounds, but at a fraction of the price.

Enjoy!
The editor

Property of the Week

5 Bedroom house for Sale in Observatory
4 Bedroom House for Sale in Observatory

SAPTG Reports

In the News this week


Parliament approves land expropriation bill

Parliament approves land expropriation bill
Parliament approved the Expropriation Bill on Thursday, which would allow state expropriations of land to redress racial disparities in land ownership...
Parliament approves land expropriation bill

Buying property in SA - the how-to guide for foreign investors

Buying property in SA - the how-to guide for foreign investors
The immensely low value of the Rand compared to most major foreign currencies is making residential property in South Africa an increasingly attractive investment option, with the appeal further driven by the fact that South Africa is home to several internationally acclaimed and award-winning destinations.
Buying property in SA - the how-to guide for foreign investors

Tips for first time investors

Tips for first time investors
For someone who has never been exposed to the world of investments, deciding to enter this space can be daunting. However, in order to get started as an investor; the first step is to acquire as much information as possible...
Tips for first time investors

Check zoning on surrounding properties before buying if view is important

Check zoning on surrounding properties before buying if view is important
The zoning rules that came into effect in 2015 in Cape Town encourages densification where possible, and have largely benefitted many who decided to subdivide their properties or have redeveloped their land...
Check zoning on surrounding properties before buying if view is important

Insurance in sectional title schemes should be checked regularly

Insurance in sectional title schemes should be checked regularly
Many sectional title owners do not attend annual general meetings, which results in their not knowing whether the insurance cover on their building is appropriate or adequate...
Insurance in sectional title schemes should be checked regularly

Homes rental enters new growth phase

Homes rental enters new growth phase
The current state of the South African economy has triggered a new growth phase in the home rental market says Ronald Ennik, the founder and principal of Christie’s International-affiliated Ennik Estates...
Homes rental enters new growth phase

Furnishing a rental property sometimes a costly error

Furnishing a rental property sometimes a costly error
The decision to furnish a rental property is sometimes a costly error on the landlord's part, according to Grant Rea, a residential rental specialist with RE/MAX Living...
Furnishing a rental property sometimes a costly error
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Focus On

Focus on Observatory, Johannesburg

Focus on Observatory, Johannesburg
Residential property in Observatory remains a savvy investment

The established Johannesburg suburb of Observatory offers the trifecta of desirable residential property; value for money, convenient location and a secure lifestyle.
Focus on Observatory, Johannesburg

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In the Area

KZN aerotropolis development drives trade and growth

KZN aerotropolis development drives trade and growth
The development of Africa's first purpose-built aerotropolis with Dube TradePort, home to King Shaka International Airport, as its nucleus, is having a significant impact on north coast property patterns as the ease of access prompts investors to acquire second homes in the region...
KZN aerotropolis development drives trade and growth

Cape Town's high-flying rental market offers investors solid returns

Cape Town's high-flying rental market offers investors solid returns
The rental market in Cape Town is more buoyant than it’s ever been, with many areas experiencing stock shortages and skyrocketing rental prices which continue to outpace the current consumer inflation rate of 7%...
Cape Town's high-flying rental market offers investors solid returns
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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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