EDITORIAL VIEW
EDITORIAL VIEW
Bullet Proof your Property Portfolio against Global Uncertainty
There is one thing that is certain for all investors going forward- global market volatility will continue to stay with us. South Africa has had its fair share of uncertainty in terms of continuous economic challenges, political upheaval, mismanagement of state entities, nationwide strikes, high unemployment, rising interest rates, low growth, threats of rating downgrades and the latest is speculation to the effects of Brexit. The uncertainty of how the United Kingdom( UK) will manage an exit from the European Union( EU) and what the effects on global markets is going to be is a very real one. There are upsides and downsides for currencies, stock markets, traders and real estate and only time will tell.
Property has always been a safe haven, offering excellent tax benefits, high yields, solid income and good profits with predictable gearing. Over the last few years many investors moved offshore either from
Welcome to the July edition of the Real Estate Investor
Magazine
Wherever there is money, there is a con artist trying to get in on the action. There are numerous cons relating to property doing the rounds and unfortunately as many people who fall for them. While it is often assumed that scamsters target the vulnerable, this is not always the case and these fraudsters can catch anyone who doesn’ t stop to think something through. In our cover feature we look at some of the more popular property scams doing the rounds, as well as give out practical advice on how to avoid them. fear or to find more certainty with more reliable market information, better managed municipalities, utilities and services or more stable currencies and financing. Redefine, Growthpoint, Rockcastle, NEPI, MaraDelta, Tower Properties, Vukile and Attacq to name a few have all performed exceptionally investing offshore and today it is an important part of most of the REIT company strategies and listed company investment strategy.
Despite all of our political and economic disasters we have to continually actively manage our mindset against negativity. As Christo Wiese told us recently,“ having a pessimistic outlook on life and business does not help anybody. Only those who have a positive thinking outlook despite the circumstances can make a difference in the world.” What is important to create an environment of confidence in our own businesses. Despite failure we acquire new knowledge and that how is how we progress forward.
Successful investing
Vivian Reddy, Durban businessman and property icon is our Master Investor for July. The recent launch of the Oceans Umhlanga Development has cemented Reddy as one of the countries most important developers. We take a look at Mr Reddy’ s rise to the top as well as his plans for the future.
Elsewhere in the magazine we take an in depth look at the bold new developments taking centre stage throughout the Cape Town CBD, examine the further ramifications of the Rental Housing Act for homeowners and investigate Portugal’ s Golden Visa opportunities for local Investors
Enjoy the read
NEALE PETERSEN
FOUNDER & PUBLISHER
Protecting your Assets from Unscrupulous Fraudsters
DREW HOOK
EDITOR
“ There is no adversity capable of stopping you once the choice to persevere is made.” JASON KILAR
www. reimag. co. za JULY 2016 SA Real Estate Investor 5