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Weekly Property News
Friday, 18 June, 2010 |
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FROM THE EDITOR |
Dear Reader
The 2010 Fifa World cup Soccer is in full swing. Starting
with a brilliant opening game and continuing to produce climatic
games, we as South Africans can sit back and admire the spectacle
that is the World Cup Finals. All reports indicate that this
will end up been a great success.
The question to ask is, do sporting events mean anything
for the property market? According to Saul Geffen, chief executive
of ooba, a positive impact is likely to occur in the medium
term. He said the big drive by the government to improve the
country's roads, public facilities, transport networks and
airports for the World Cup should contribute toward higher
property values in surrounding areas.
So it would seem that the World Cup not only unites our country
but may lead to an increase in the property market.
Enjoy!
The editor
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Local
News |
| You
have to share your rent with SARS |
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If you own one or more rental properties, the
SA Revenue Service (SARS) requires you to draw
up financial statements showing your expenses
and profits in relation to these properties –
and to pay tax on your profits...
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| Dangers
of leasing a commercial/industrial property |
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Mr G owned a medium size business and needed
a fairly large factory to house his machinery
and various operations. On renewal of his lease
his landlord decided to significantly up the rental,
so G decided to relocate his premises....
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| Property
or shares - which is the better investment? |
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Following on from the publication of an article
on the efficacy of using gearing to create wealth
through property investments, Rob Lawrence, National
Manager for the bond origination company Rawson
Finance, has received a number of questions regarding
the relative risks of the two asset classes, shares
and property...
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| Warning
to buyers to control expenditure |
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The steady, albeit slow, recovery of the South
African residential property market is largely
due to the banks beginning to ease up on their
loan-to-value criteria, says Lanice Steward, MD
of Anne Porter Knight Frank...
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| Homebuyers
often ignorant of legislation and practices |
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Despite ongoing press publicity about property
law and regular discussion on these matters at
a whole range of seminars and training sessions,
many South African homebuyers and sellers remain
surprisingly ignorant of the basic legalities
surrounding any property transaction...
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| Eco
standard wins Cape Town City Council Endorsement |
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Eco Standard SA (ESSA), established last year
by Rayne Neave, is an organisation which awards
companies and products seeking recognition for
their good environmental practice and for meeting
environmental accreditation criteria that comply
with internationally recognised standards...
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| Cheap
ways to live green |
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Going 'green' does not necessarily mean growing
all your own food organically or using only solar
power...
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CyberProp
Property Count: 18/06/2010 |
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Focus
On |
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2010 FIFA World Cup™ fever in Durban KwaZulu Natal,
South Africa |
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The newly-built Moses Mabhida Stadium in Durban
will host one of the semi-finals of the 2010 FIFA
World Cup™. The ground epitomises the architectural
innovation on display in South Africa and takes
its design inspiration from the South African
flag, with its grand arch representing the unity
of this sport-loving nation. The two legs of the
arch on the southern side of the stadium come
together to form a single footing on the northern
side, symbolising the new unity of a once-divided
country...
>>
Property in Durban
>>
Property in KwaZulu Natal
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Harfield Village
- Factoria
| In
the area 1 - Harfield Village |
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Harfield Village prices continue upward trend
Very few people, says Lanice Steward, Managing
Director of Anne Porter Knight Frank, could have
predicted accurately the remarkable way in which
homes in Harfield Village have escalated in price
despite the recession and despite its close position
from the Cape Town CBD...
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| In
the Area 2 - Factoria |
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Industrial property in Factoria sold for R8,5m
Auction Alliance recently sold a great redevelopment
opportunity in Factoria for R8,5 million. Factoria
is a well established industrial node in Johannesburg,
which is centrally located in close proximity
to both Krugersdorp and Roodepoort. It offers
good access on to Main Reef Road and to railway
transport...
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To
the editor |
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News
from Diamond Property Group |
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Diamond Property Group a true player in two countries
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Errol Diamond of Diamond Property Group has now
emerged as a fully international property player
in the true sense & has been in operation
in South Africa for the past 16 years & operating
in Australia for over 6 years...
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