News

Property investment guru Chris Gray shares his tips for staying ahead in the 2016 real estate game
REAL estate will be a whole new game in 2016 and buyers stand to be the winners, according to property investment guru Chris Gray.
“The 2016 property market presents a different ball game for buyers and sellers compared to 2015,” the chief executive of buyers’ agency Your Empire said.
“Confidence in the market is a lot lower than what it was last year and clearance rates have reduced in most areas and price ranges.”
Source: Heraldsun Website

Millionaire property developer, 53, who is charged with murder of mother-of-one beautician, 25
A millionaire businessman today appeared in court accused of murdering a young beautician.
Property developer Peter Morgan, 53, is accused of killing 25-year-old mother-of-one Georgina Symonds.
Ms Symonds was found dead at a property in Usk, South Wales at around 5.50am on Wednesday.
Source: Dailymail Website

Rebosis Property’s UK subsidiary plans JSE listing as rand hedge
UK MALL owner New Frontier Properties, which has attracted South African investors seeking a rand hedge, plans to list on the JSE main board by the middle of the year.
CEO Mike Riley said the company expected to achieve a forward yield of 7.6% for the year to August as it benefitted from a strong UK consumer. New Frontier is the UK investment subsidiary of Rebosis Property Fund, which has a significant black shareholding.
Source: Bdlive Website

House prices to reach £300k in 2016 after average property rose by £18k last year – the equivalent of £10 an hour
The average value of a home in Britain could reach £300,000 in 2016 after rising £18,000 in the past year, agents have predicted today.
The forecast comes after figures from estate agents Reeds Rain and Your Move showed house prices rose by £17,963 in 2015. This is the equivalent of £67.86 a day or £9.17 an hour earned by a full-time worker.
Average prices could soon break through the £300,000 barrier if they continue to rise this year, according to the agents.
Source: Dailymail Website

John Mann calls for £1,000 party membership fee for people with property worth £1m
A wealth tax is needed to save the Labour Party.
There appears to be a lot of support across the Labour Party for the broad concept of a wealth tax. We now have the need and opportunity to introduce one this year.
Of course we are not in power, but even the most optimistic of people anticipate that the Party’s income will be immediately decimated by the Tory Trade Union Bill.

Source: Newstatesman Website