Property News - April 2016

Welcome to the PPI Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.

Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!

Articles

Environmental Matters - Estates opt for long-lasting, water-efficient Easigrass™

The 5-star resort, Fairmont Zimbali Lodge, on the KwaZulu-Natal North Coast chose to install the natural-looking Easigrass™ in shaded areas around the pool to accommodate guests looking to relax in comfort. 

Property Legislation - Abuse of the Valuation Process

This article deals with a common instance of abuse by municipalities of the valuation procedure described in the Local Government: Municipal Property Rates Act (“MPRA”), and what a consumer’s rights and remedies would be were such an abuse to occur.

Spoliation - Termination of Ability to Purchase Pre-Paid Electricity

The attached case note summarises the plight of a Homeowners’ Association taken to court for spoliation (the unlawful deprivation of the supply of electricity) by a tenant.

Durban Property - Africa Rising to roll out R1,6 billion in developments in five years

Africa Rising, a Durban-based independent property development company, specialises in project development, project management and real estate sales. The company purchased properties worth R300 million from Tongaat Hulett Developments during 2015.  They plan to roll out over R1,6 billion worth of developments in the Umhlanga Ridge area.

International Property - Residential Sales in France increased by 12.5% in 2015*

London, UK – Residential sales across France increased by 12.5% in 2015* compared to the same period in 2014 according to the Notaires de France. A more stable economic outlook and prices adjusting to a more affordable level.