Property 24/10 - 401

Consumers warned against use of fake NHBRC logo
The National Home Builders Registration Council (NHBRC) has warned unsuspecting housing consumers against the fraudulent use of its logo in a letter allegedly sent out by Cosmopolitan Projects about guarantees on their completed homes.

“The letter, which has an NHBRC logo, distorts the benefits that consumers are entitled to - once construction of their homes is completed. An NHBRC letterhead will have a designed header as well as names of board members at the bottom,” NHBRC said.

The council urged consumers to be vigilant and confirm this fraud by consulting their nearest NHBRC customer care office on either toll free number (0800 200 824) or on the website Alternatively, they can contact NHBRC via social media platforms Twitter: @NHBRC Facebook: NHBRCSA.

The rise of SA's aerotropolis property market
Airports are increasingly becoming magnetic centres of economic and industrial activity, giving rise to what has been termed “aerotropolis” – a new form of airport-centric commercial development – which is essentially transforming airports in major cities into “airport cities”.

Greg Nafte, Co-Director of Nexus Property Group (NPG) says that the rising demand for property in industrial nodes surrounding busy airports is due to the increasing value being placed by investors on a property’s proximity to key infrastructure and transport nodes.

“We’re seeing an increased demand from both investors and owner-occupiers for industrial property, such as logistics, warehousing and distribution centres, in industrial nodes surrounding major airports as these areas are currently promising strong capital gains and are showing signs of major future expansion.”

Now may be the time to fix interest rates for property investors
While South African markets are still basking in the glow of the post-Zuma era, property investors would be wise to consider fixing interest rates on at least part of their loans, to buffer future uncertainty.

Although there is no doubt that the swearing in of President Ramaphosa has lifted the mood of the people and our markets, we are still facing some interesting times ahead. Uncertainty around what meaningful policy and infrastructure reforms lie on the horizon, continued speculation about land issues, and a possible early election have yet to be factored into the markets and how our Central Bank will react. Fixing interest rates on loan facilities is something many of our clients are asking us about. And with good reason.

Just as importers take forward cover to protect themselves on currency fluctuation, fixing part of the property loan can afford property investors some cover against interest rate movements.

Call for submissions on land expropriation without compensation
The Joint Constitutional Review Committee, set up to review Section 25 of the Constitution to make it possible for the state to expropriate land without compensation, has called for written public submissions.

The committee was instructed by the National Assembly and the National Council of Provinces to review section 25 of the Constitution and other clauses where necessary, to make it possible for the state to expropriate land in the public interest without compensation, and propose the necessary constitutional amendments.

As part of its constitutional obligation to facilitate public participation, the committee has invited written submissions from all stakeholders on the necessity of and mechanisms for expropriating land without compensation.

Four things you need to know before buying a home remotely
Finding a new home that is ‘just right’ for your family is stressful as well as exciting – and even more so if you are planning to buy in a remote location. But thanks to modern technology, it is far from impossible, especially if you follow these guidelines.

Gerhard Kotzé, MD of the RealNet estate agency group, shares tips…

1. Do as much research as you can
Before you consider buying a home remotely, you should try to become as familiar with your new location as you are with your current one, where you probably know all sorts of details without even thinking about them, like what time the post office opens, where the schools are or which route to work is the least congested.

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