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31 July 2014
FROM THE EDITOR

"He is not a full man who does not own a piece of land." That's a Hebrew proverb that Stanlib's head of property funds, Keillen Ndlovu used to illustrate his point about property investment. Read an article titled Listed property performs in spite of volatility in the sector to find out why Mr Ndlovu gives a compelling reasons to include listed property in investors' portfolios, although equities outperformed the listed property sector as an asset class.

The South African Real Estate Investment Trust (Reit) Association calls for the Competition Commission to address exclusivity clauses in shopping-mall leases that may be anticompetitive and restrain economic growth. For a detailed article, read Exclusivity clauses in shopping-mall leases to be reviewed.

Good news for South African investors: Portugal has recently introduced Golden Visa Programme which provides unrestricted access to move within the 26 European countries in the Schengen zone. Read an article titled Property acquisitions in Portugal open doors for young South Africans seeking global career opportunities for a full story.

Some amendments to the Rental Housing Act that are about to be passed by Parliament will make it all the more necessary for residential landlords to seek professional help to manage their properties. Find out more in an article titled Landlords will need more help as rental law changes.

We then take a look at Ballito, a rapidly growing town in KwaZulu Natal, northward of Durban. This town was founded in 1954 as a private township in an area that used to be the sugar cane farm. See our Focus On section to learn more about this exciting town.

Enjoy!
The editor


Property of the Week

Seaward Estate, Ballito, KZN
Charming three bedroom freehold family home with bamboo flooring and double volume ceilings

News
Listed property performs in spite of volatility in the sector

Though equities outperformed the listed property sector as an asset class, Stanlib's head of property funds, Keillen Ndlovu, gives a compelling reasons to include listed property in investors' portfolios...


Exclusivity clauses in shopping-mall leases to be reviewed
A call for the Competition Commission to address exclusivity clauses in shopping-mall leases that may be anticompetitive and restrain economic growth has been made by the South African Real Estate Investment Trust (Reit) Association...

Property acquisitions in Portugal open doors for young South Africans seeking global career opportunities

Freedom of travel through Europe has become that much easier for South African investors, through Portugal’s recently introduced Golden Visa Programme which provides unrestricted access to move within the 26 European countries in the Schengen zone...


Quality stock to come under the hammer

Aucor Property will hold its next multiple commercial auction at the Maslow Hotel in Sandton on the 14th of August 2014 at 12h00...


Delta International makes JSE debut
Delta International Property Holdings which has a primary listing on the Bermuda Stock Exchange, today listed on the Johannesburg Stock Exchange (JSE) raising about R915m (US$87m) to fund its growth plans in Africa...

Big difficulties can beset those selling a home before finalising the purchase of a new one
Selling a home before finalising the purchase of a new one can lead to many problems. In the current residential property market’s high demand conditions, those planning to sell their homes may well find, especially if they are in popular suburban areas of South Africa’s big cities...

If buying a property with a servitude over another, check that it is registered
Increasingly in Cape Town today there are properties that are being subdivided, and two or sometimes three units are being built where in the past there was just one large family residence. This could be because people nowadays are less inclined to want the rolling acres of land...

Builders and their teams must be registered with NHBRC
Driving around Cape Town today one is made aware of the extensive building that is taking place where are some are demolishing homes to build new units or making substantial alterations to existing homes...

Many ST schemes might not realise a loan is an option
There are often cases where sectional title schemes run into some financial difficulty, where there is a large proportion of the levies due in arrears or where they are having difficulty collecting the levies in full...

Landlords will need more help as rental law changes

Some amendments to the Rental Housing Act that are about to be passed by Parliament will make it all the more necessary for residential landlords to seek professional help to manage their properties...


Consent levels in sectional title schemes

The majority of people who buy into sectional title schemes are completely unaware of their rights as members of the body corporate, and an offer to purchase should never be signed until they have full knowledge of what the scheme’s rules are...


Home Owners Association fines can add greatly to landlords' problems

The importance of checking every aspect of a prospective tenant’s credit and other records has to be done even more thoroughly if the rented property is in a well-managed scheme or estate with an active body corporate or a vigilant home owners association...

Sectional title agents need specialist skills and knowledge

All property marketing these days requires far more knowledge and skills than were evident in the average agent 10 to 15 years ago – and this applies to a greater degree to sectional title agents than to any other type of agent...






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Focus On

Ballito, KwaZulu Natal, South Africa
Welcome to Ballito, a rapidly growing town in KwaZulu Natal, northward of Durban. This town was founded in 1954 as a private township in an area that used to be the sugar cane farm...

>> View properties in Ballito

In The Area

The areas we are going to take a closer look at this week are;

  • Western Seaboard
  • Mouille Point, Cape Town
  • Durban Central
High demand for security complexes on the Western Seaboard
For a large number of home buyers in South Africa, security has become one of the most crucial influencing factors when deciding which home to purchase...

Sales flying at new Mouille Point development
A brand new development to be constructed in Mouille Point, Cape Town, has more than half sold out within weeks of its launch to market – without a single advertisement published...

Property sought after in Durban Central
Durban, the land of sun, sand and surf is often thought of in terms of lazy December vacations, and while it certainly has plenty to offer on that front, it also happens to have a thriving residential property market...
News Continue

Free Workshop for Estate Agents on 6th August

With the positive changes in the property market, there has been an increase of development, which is a much welcome change after the dearth of the last few years...


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To the Editor

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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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