How to a be tenant landlords don’t want to lose
Landlords and real estate agents don’t want to lose great tenants. But what is a good tenant?
Here’s a checklist from property professionals at Just Property:
1. Prepare well before you view
Joe Alves, Just Property agent for Blouberg, says the first thing to do when you’re looking for a property is to prepare a list of your requirements. Having a clear idea will save everyone’s time and impress the agent managing the property.
So make a list of must-haves: how many bedrooms and bathrooms you need? How many parking spaces or garages must the home have? Does the property need to be pet-friendly? What level of security is a dealbreaker? Do you need to be near shops, schools, public transport and any other amenities?
'Mixed-use' is key to funding hotel development in Africa
A new report from JLL, the world’s largest professional services firm specialising in real estate, has revealed that people seeking to finance a new hotel project in Africa will be much more successful if their hotel is part of a mixed-use development.
JLL’s research into global property transactions reveals that in the first half of 2019, there was a 42% increase in the value of mixed-use property transactions, whereas there was a decline in other sectors, with Office down 4%, Industrial down 6%, Retail down 20%, Hotel down 18% and alternatives down 40%.
Xander Nijnens, Executive Vice-President, JLL Sub-Saharan Africa, explains that the trend is driven by lenders’ approach to risk.
How to use equity to finance property investments
Having weathered nearly two full years of slow growth, it’s understandable that investors may be wary of expanding their property portfolios at present. When examined as part of the typical 10-year property cycle, however, current market conditions may not be as dire as they appear. In fact, experts say now could be the ideal time to embark on new property investments.
“Conditions at present closely mirror those experienced at the end of the 1998 to 2000 and 2008 to 2010 property market contractions. Both of those cycles experienced a two-year period of minimal growth followed by a slow recovery, which picked up speed to deliver excellent growth shortly thereafter,” says Schalk van der Merwe, franchisee for the Rawson Properties Helderberg Group.
“Now, almost exactly ten years later, we’ve gone through a similar, two-year contraction and are starting to see signs of recovery taking place. That suggests a similar upswing is just over the horizon, making this the perfect time to buy and benefit from maximum future growth.”