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Property News - 11 February 2016

FROM THE EDITOR

Today we bring you an interesting article by Pam Golding Properties, where we read that the value of global property in 2015 amounted to 2.7 times the world’s GDP, making up roughly 60 percent of mainstream global assets and representing an important store of national, corporate and individual wealth. Residential property accounted for 75 percent of the total value of global property.

Paying a bond on one property, proclaiming it to be your main residence and not owning any other property or earning any additional income from your home, means that you will not necessarily benefit from any tax exemption or cash flow gains from personal income tax claiming every year end. Read more in Tax Season - Make property work for you

These days many people prefer staying in a Sectional Title Complex, but in Step by step guide to buying a Sectional Title unit, we learn that it is better to get all the information upfront and not have to change one’s plans because of something that was not considered when buying.

Enjoy!
The editor

Property of the Week

House for sale in East London, Eastern Cape

5 Bedroom House for Sale in Nahoon, East London

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In the News this week


World real estate accounts for 60 percent of all mainstream assets

World real estate accounts for 60 percent of all mainstream assets
The total value of all developed real estate on the globe reached US$217 trillion in 2015, according to calculations by international real estate adviser, Savills, which is represented in Africa by Pam Golding Properties...
World real estate accounts for 60 percent of all mainstream assets

Six Nations Championship Property Preview

Six Nations Championship Property Preview
With the start of the Six Nations Championship, we decided to take a timely comparative analysis of the prime capital city residential performance for each of the competing nations...
Six Nations Championship Property Preview

Tax Season - Make property work for you

Tax Season - Make property work for you
It is that time of the year again, the start of a new tax season and time to start getting your documents together and also planning for the next financial year...
Tax Season - Make property work for you

Slow price growth is good for first-time buyers

Slow price growth is good for first-time buyers
In the past year, home prices in the first-time buyer sector have grown only half as fast as they did in the previous 12 months, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator...
Slow price growth is good for first-time buyers

Buying your first commercial Property Do you want to be an Investor or an Owner-Occupier?

Buying your first commercial Property  Do you want to be an Investor or an Owner-Occupier?
When purchasing commercial property, be it a factory workshop or an office, the value of the property can be assessed from 2 fundamentally different standpoints...
Buying your first commercial Property  Do you want to be an Investor or an Owner-Occupier?

The effect of an interest rate hike on the commercial property market

The effect of an interest rate hike on the commercial property market
An interest rate hike is never good news for anyone, except for those with cash invested in the bank. Nevertheless, they do occur and investors in the property market should be aware of how this will affect them...
The effect of an interest rate hike on the commercial property market

Step by step guide to buying a Sectional Title unit

Step by step guide to buying a Sectional Title unit
“If you’re considering buying a sectional title unit for the first time, there are many things to consider and investigate before choosing the scheme in which to buy into,” says Mandi Hanekom, operations manager of the sectional title finance company Propell...
Step by step guide to buying a Sectional Title unit
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Focus on East London, Eastern Cape

Focus on East London, Eastern Cape
East London is ‘just the ticket’ for many young buyers

The property market in East London has just about everything a first-time buyer could wish for – affordability, lifestyle amenities in abundance and many new developments to choose from...
Focus on East London, Eastern Cape

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In the Area

Craighall property market fuelled by demand

Craighall property market fuelled by demand
Situated in the heart of the exclusive Parks area in Johannesburg North, two of Johannesburg’s oldest suburbs are attracting a growing number of young families and young professionals who are drawn by their convenient location and the fact that they have retained more than a hint of their original laid-back charm and character...
Craighall property market fuelled by demand

When it comes to location one is spoilt for choice in St Francis Bay

When it comes to location one is spoilt for choice in St Francis Bay
After a busy holiday season with an influx of visitors, the tranquil coastal town of St Francis Bay has resumed its sleepy state, but not so the residential property market...
When it comes to location one is spoilt for choice in St Francis Bay
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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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