São Paulo, October 2, 2024 — The Valuation 20 Summit (V20) brought global leaders in valuation from G20 member countries to São Paulo to discuss key issues and opportunities in the valuation profession. Presided over by Ben Elder, Global Director of Valuation at RICS, with support from Secretary Raymond Moran, Coordinator of the Valuation
A decision of a valuation appeal board is functus officio, meaning that a decision taken by a board is valid until it is reviewed by a higher authority. “The Functus Officio doctrine is one of the mechanisms through which the law gives expression to the principle of finality. According to this doctrine, a person, who may include
The draft general valuation roll is compiled by professional property valuers appointed by the municipality on a contract basis. POLOKWANE – Residents, in particular property owners, are urged to inspect the Polokwane Municipality’s 2024 to 2029 draft general valuation roll that will be available for scrutiny until April 30. A value on a local
4th Quarter 2022 FNB Property Broker Survey – Property Brokers perceive the financial pressure-related selling motive to have been relatively stable recently. But selling in search of more reliable utilities and municipal services has become a far more important selling motive of late. In this note, we continue with the 4th quarter 2022 results of
Residential property market outlook Annual house price growth moved lower in January Annual growth in the FNB House Price Index moved slightly lower in January, to 2.7% y/y from 2.9% in December (Figure 1). Segmented data shows that the slowdown is broadbased across price segments and major
FNB PROPERTY BAROMETER | MAY 2022 Key themes: Market volumes may have peaked, but they are still running above pre-pandemic levels. Bar the sentiment shock from the ongoing geopolitical tensions and devastating floods in some parts of the country, internal market strength indicators suggest relatively resilient market activity
In late 2017, rural retail experts, McCormick Property Development (MPD) embarked on their pilot solar PV rollout program at Olievenhout Plaza in Olievenhoutbosch, Gauteng. Fast forward five years and MPD has since listed its property portfolio and management business on the JSE as Exemplar REITail, investing over R100 million in 15 rooftop solar projects across its portfolio.
FNB PROPERTY BAROMETER | MARCH 2022 Key themes: Market volumes may have peaked, but still running above pre-pandemic levels. The affordable market has shown the strongest relative recovery in activity following a more pronounced decline in 2020, due to the harsher impact of the pandemic on lower-income households.
Latest Rode’s Retail Report forecasts continued slow retail sales growth in the face of rising inflation and interest rates In spite of the challenges of the past two years, the retail property market managed to recover reasonably well in 2021, according to the latest Rode’s Retail Report 2021:4. However, the report also notes that real
FNB PROPERTY BAROMETER | JANUARY 2022 Key themes: 4Q21 Market strength indicators show that growth in demand has moderated, but market volumes are still running above pre-pandemic levels. Deeds data, supported by internal applications volumes, shows that mortgage approvals in the first 9 months of 2021 were
