A recent study by New World Wealth places Cape Town in 17th position globally for second home buying by multi-millionaires. London is in first place, followed by New York City and Hong Kong. In the southern hemisphere, the Mother City is one position below Sydney and both trail Rio de Janeiro. Second homes are bought [Click to continue …]
Protect your investment with good tenants
Your property is an investment only if your tenant pays the rent. And if the tenant stops paying for any reason, it can be a lengthy process to have them evicted. The obvious conclusion is: choose your tenant carefully. The selection process The first step is to ensure your prospective tenant is someone with stable [Click to continue …]
Promotion and Protection of Investment Bill will scare off foreign investment
The Promotion and Protection of Investment Bill is being promoted by government as a bill that protects commercial and private investments. However, there are clauses in the bill that raise serious alarm bells and allow the state to deprive owners of their property without paying them compensation. One such clause says that the state does [Click to continue …]
