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Friday, 18 August 2017 16:11

What to do with an inherited property

The passing of a loved one is a difficult time, and dealing with the intricacies of inheritance while grieving is not always easy.

Some real estate investors assume that higher-value (big ticket) real estate assets outperform lower-value assets, partly because there are fewer of them and they are harder to buy.

According to The State of Cape Town Central City Report, recently released by the Cape Town Central City Improvement District (CCID), the 1.6km² Cape Town CBD is home to 12 museums, three libraries, 209 eateries, 96 medical practices as well as 69 bars and clubs.

Second quarter statistics (Q2 2017) from ooba, South Africa’s leading bond originator, show nominal positive growth year-on-year of 3.6% in the Average House Purchase Price.

Heriot REIT Limited (JSE:HET) listed in the Real Estate sector on the JSE’s AltX board as a Real Estate Investment Trust.

Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.

News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated credit rating one level above junk at BBB-, a move that no doubt makes us question what this means for the property development and real estate sectors.

While house price growth in Gauteng has shown tentative signs of recovery in the last 12 months, the residential property market in the greater Midrand region has, in terms of demand, steadily continued its upward trajectory on the back of rapid development in the area.

South Africa’s largest bond originator, ooba, has released its property statistics for the first quarter of 2017 (Q1 2017).

A low growth economy and a rising cost of living has given property investors pause for thought.

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