Positive news to emerge from Statistics SA today is that South Africa’s Gross Domestic Product (GDP) grew 3,1% in the second quarter of 2019 (to end-June), compared to a decline of 3,1% in the first quarter.
Not so long ago, if somebody wanted to have their complaint heard, the best options were to write a letter to the newspaper (and hope that it would be published) or dial into the radio. now, in the digital age, everyone has a voice. Never before has it been easier to have your concerns or thoughts heard – no matter how insignificant or trivial they are – and that has implications for estate managers
The sluggish economy and continued inflationary pressures are taking their toll on the property market in general. According to credit bureau TPN’s latest report, the last three years have seen a steady decline in demand for residential properties, with a concomitant increase in the supply of properties. What’s more, the bureau says vacancy rates remain consistently high at 8.64% with escalations at just 4.85%. Most worrying for estate and property managers is that tenant good standing numbers continue to decline, with a current level of 81.8%.
Policies, procedures, our governing documents and our rules and regulations are binding on members who choose to buy into a homeowners association or sectional title scheme. But, of course, the directors, trustees, management, and the members themselves have to ensure that these are lawful, consistent and fair, and that they protect the common interest of the community at large.
As with anything in life, knowledge is power and in today’s risky economic climate, investors need as much as possible to make bold, calculated investment moves that yield great results. Cue Estate Living, South Africa’s leading resource and specialist consultancy within the community living environments. Masters at building relationships and identifying new opportunities, Louise Martin and Jaime-Lee Gardner’s innovative services are helping investors and developers all over the country to understand their market.
Some of us get the idea of “Joburg luxury” completely wrong: We see ourselves in the car of our dreams driving down William Nicol on the way to work. When in fact, real city luxury (or perhaps even city happiness) could be found not when you upgrade your ride but when you shorten your commute. Living closer to work does not only add more time to your day and more buck to your budget, but recent research shows that it can also improve your overall wellness.
Not a day goes by without one hearing of some municipal crisis somewhere in the country. These range from banal but extremely annoying stories of billing crises, lack of budgetary control and bloated bureaucracies to the horror story unfolding in Emfuleni, where total collapse of the municipality as a functional entity has unleashed a tsunami of raw sewage flowing unabated along the streets and through the buildings, as it makes its way to the nearest river.
The Medine group, a century-old key player in the local sugar industry with a land bank of over 10,000 hectares, launched its Education Village in 2012 in the region of Pierrefonds as part of its diversification strategy. This campus has been designed to host a selective cast of world-class and internationally recognised institutions across different fields of study.
Developers, HOAs, municipalities and the management of all manner of complexes, schools and campuses are learning that there are some things you just can’t fight. Put up as many ‘Keep off the grass’ signs as you like, people will take the shortest (or most convenient) path to get to where they’re going. So, the smart ones are giving in.
What are the key drivers for the buyers in residential estates and how can a security service provider support estate managers? The impact of security risk at residential homes in the form of violent crime and burglaries, has fuelled the growth and development of residential estates to meet the upward demand.
Arabella Country Estate’s Homeowners’ Association (HOA) management have always viewed the protection of the personal information of residents, visitors and other stakeholders on the estate as an important issue.In early 2016, the estate management initiated a project to implement measures to address their concerns and reinforce their strong commitment to good leadership, governance and compliance practices.