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Property News - 31 March 2016

FROM THE EDITOR

Hope all of our readers are back safely from the Easter holidays, or those that stayed home enjoyed their time with family and friends.

In today's property market, Knight Frank's Prime Global Rental Index fell by 1.1% in 2015 with equity market volatility and economic fragility in emerging markets driving rents lower.

We also have a look at the planned restrictions on foreign property ownership in SA, but not many landlords know that there are already certain limits on letting properties to non-South Africans.

It is important to know this, says Chas Everitt Property Rentals CEO Greg Harris, as the interest in renting SA properties continues to grow, not only among European "swallows" seeking a respite from the northern winters, but also among "captains of industry" hailing from all over the world.

In Focus On this week, we take a closer look at Featherbrooke Estate Krugersdorp. The price of freehold homes in the estate has risen from R1,84 million in 2005 to R3,4 million currently, while that of the sectional title cluster homes and townhouses in the estate has risen from R655 000 in 2005 to R1,28 million currently.

Enjoy!
The editor

Property of the Week

House for sale in Featherbrook Estate, Krugersdorp
5 Bedroom House for Sale in Featherbrooke Estate, Krugersdorp

SAPTG Reports

In the News this week


Prime global rental index continues negative performance

Prime global rental index continues negative performance
Knight Frank's Prime Global Rental Index fell by 1.1% in 2015 with equity market volatility and economic fragility in emerging markets driving rents lower...
Prime global rental index continues negative performance

South African Property Opportunities Net Assets Fall In Half

South African Property Opportunities Net Assets Fall In Half
LONDON (Alliance News) - South African Property Opportunities PLC, an investment company established to invest in real estate opportunities in South Africa, on Thursday said its EPRA net asset value fell in the first half of its financial year....
South African Property Opportunities Net Assets Fall In Half

Foreign tenants must be ‘legal’

Foreign tenants must be ‘legal’
Much has been said about the planned restrictions on foreign property ownership in SA, but not many landlords know that there are already certain limits on letting properties to non-South Africans....
Foreign tenants must be ‘legal’

Is Sectional Title the right choice for you?

Is Sectional Title the right choice for you?
Sectional Title homes currently account for just 12% of SA’s total residential stock, according to the latest available figures from Absa....
Is Sectional Title the right choice for you?

X-raying Real Estate Contributions To Gross Domestic Product

X-raying Real Estate Contributions To Gross Domestic Product
With the rebasing of Nigeria's Gross Domestic Product (GDP) last year, the country was rated as one of the fastest growing economy in the world notwithstanding the high poverty level among the population. ...
X-raying Real Estate Contributions To Gross Domestic Product

African, Middle Eastern cities experience fastest real estate growth

African, Middle Eastern cities experience fastest real estate growth
Foreign buyers are not the only ones finding great value in South African property – so are the international executives, professionals and diplomats who are renting homes while on assignment to this country...
Foreign buyers are not the only ones finding great value in South African property – so are the international executives, professionals and diplomats who are renting homes while on assignment to this country.

Rawson Commercial Helderberg secures national tenant for The Avenues development in Somerset West

Rawson Commercial Helderberg secures national tenant for The Avenues development in Somerset West
Just eight months after they opened their doors last year, the Rawson Property Group's commercial division in the Helderberg Basin was mandated to find tenants for a 3450m2 retail and office complex in Somerset West ...
Rawson Commercial Helderberg secures national tenant for The Avenues development in Somerset West
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Nedbank affordable housing press release: 95th On Manhattan offers urban affordability

Nedbank affordable housing press release: 95th On Manhattan offers urban affordability
Nedbank further entrenches it's socio economic commitment by providing funding of R34.6 million towards new affordable housing development in Richards Bay...
Nedbank affordable housing press release: 95th On Manhattan offers urban affordability

Focus On

Focus on Featherbrooke, Krugersdorp

Focus on Featherbrooke, Krugersdorp
Ideally located just below the Roodekrans Ridge in Krugersdorp, Featherbrooke Estate is also bounded by the Walter Sisulu Botanical Gardens and a tributary of the Crocodile River, and is a delight for nature-lovers despite the fact that it is now almost fully-built...
Featherbrooke, Krugersdorp

>> View properties in Featherbrooke Estate


In the Area

Emira Acquires R403m Prime Pretoria Commercial Property

Emira Acquires R403m Prime Pretoria Commercial Property
Emira Property Fund has secured yet another prime property in the flourishing Menlyn node in Pretoria. The R403 million, 50% share in five buildings in Summit Place, a new P-grade office development that includes other mixed uses, will further bolster Emira's already flourishing portfolio of quality property assets. ...
Emira Acquires R403m Prime Pretoria Commercial Property
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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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