August Celebrations

The Executive Property Summary

From the world of Grove to you

Dear {{contact.first_name}}

Thank you for taking the time to read our second edition of the Executive Property Summary.

The goal of this monthly report is to add as much value as possible to our subscribers.

The property, business, aspirational and home executives who want to stay on top of the latest in the SA property market.

By summarising the must-see property-related news of the past month into one easy to digest report we make it easy to stay on top of the latest trends and must-know news.

Best Estate Agency & Property Management Company Award

Grove Properties was honoured and humbled to be awarded the Best Estate Agency & Property management Company award – Cape town this month!

We would like to thank and honour everyone in our amazing team of ethical, kind-hearted, and dedicated people.  Serving each other and their communities and making us all proud!   

All Glory to God for bringing us this far and allowing us to help build His kingdom.

Thank you for all the congratulations and support, we appreciate every kind word and each one of you!

Celebrating Women as we look to brighter days!

As winter casts its final shadow we have the privilege of celebrating all the wonderful women in our world this August.

Boy! Do we have much to be thankful for in the property industry.

As a husband and father to 2 young girls I am very aware of the crucial role women play in our society and lives, even our dog is a girl!

As a broader society, women still face very real challenges every day. Especially considering the social and economic challenges, crime and gender-based violence highlighted in recent years.

In an industry where women, and often single or divorced women, play a major role, we are in the unique position to set an example of how a fair and equitable business environment can and will deliver the best outcomes for all participants.

We should all continue to work diligently towards continuing to build an ethical, knowledgeable and professional property industry.  

An industry accessible to all those who are willing to do the work to develop themselves, serve their communities and invest in themselves and others with a view to making a positive long-term contribution.

Those willing to put in the work that it takes to be successful in this industry, day after day, week after week, month after month and year after year can, and do, reap wonderful rewards.

Women like Nozuko Zitoti play an important role in showing the youth if South Africa that honesty and diligence does pay.

Proving that it is possible to work yourself up from the bottom and build a wonderful life for your family in this industry.

Igniting the flames of hope in others, while overcoming structural limitations to access through better systems and training.

We are proud to be playing our part and I look forward to sharing more of what we have in store in the months ahead.

But for now, let’s have a look at the must read news for August...

Cape Town is blooming!

Best places to see wildflowers 

Don't miss out on the most spectacular flower shows nature has to offer this spring.

https://www.capetownetc.com/cape-town/15-of-the-best-places-to-see-wildflowers-in-the-western-cape/

World & Economic News

Six new countries added to BRICS

With Brics countries meeting in Johanneburg this month and President Ramaphosa chairing the event there was bound to be some significant news coming out.

With no1 Championing the African cause,   BRICS is expanding with 6 new countries being added to to the block of nations, namely Argenitia, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE.

BRICS vs the G7 Nations

As BRICS surpassed the GDP of the G7 Nations in recent years, there is a clear shift happening in global geo politics and economics.

Businesses can contribute towards a brighter SA future

Meanwhile there was no mincing words from Global entrepreneur turned business activist about what role business needs to play to take South Africa forward to a brighter future.

Taxi Strike costs the Cape Billions

The deadlock between the City of Cape Town and Taxi Organisations shutting down Cape Town's public transport over an entire week. The cost has added up!

Peaking Interest Rates?

Now that interest rates are close to peaking, you might be asking what is next for the property market? Well for now things are tough out there with many consumers in survival mode, with slow economic growth predicted, don’t expect fireworks any time soon.

Luckily cycles are short and can change quickly in our ever changing world.

Developments & Investments

More student housing coming

Growthpoint is expanding it student housing portfolio. Continuing its strategy of diversifying its asset holdings.

New Diamond Exchange takes the crown

The world’s new largest office building is bigger than the Pentagon.

The Indian property market is making moves.

Tallest Bridge in Africa

New R4 billion bridge coming to South Africa – set to be the tallest on the continent.

Construction has started on the mega Mtentu Bridge.

Sink Holes - BEWARE!

Better watch the road when you're driving, potholes are levelling up! With 3 Sink Holes found in Cape town in the last few days.

Addressing Urban Pollution!

The Milnerton Lagoon is finally getting a cleanup plan. A multibillion-rand rehabilitation project spearheaded by the City of Cape Town appears to finally be making headway to address urban pollution in the water body with short-, medium- and long-term solutions.

Durbanville's Airport growing up so fast!

Cape Winelands airport is progressing rapidly and expected to launch soon. Brining new development and job opportunities to our beautiful Cape Winelands.

Property industry insights

Being a trustee is not just about calling the shots...

Warning to trustees in complexes and Home owners associations.

https://businesstech.co.za/news/lifestyle/712196/warning-for-trustees-in-complexes-and-homeowners-associations-in-south-africa/

Principal's Desk

A new era...

This month has seen the dawning of a new era in the property portal industry.

 Read more about the Big portal shake up in South Africa as Competition Authority comes down hard on Property24 and Private Property.

 "The ruling is considered a landmark case and is without parallel in the world when it comes to the conditions imposed on leading real estate portals."

 With the final report and recommendations being published by the Competition Commission, their conditions are changing the landscape in a major way.   

Read the full report here.

 In-depth analysis from the Competition Commission from page 19 onwards which makes for interesting reading, including how industry 'investment' and support for a single portal (via Rebosa & EAPPC) resulted in restricted competition in the market and ultimately gave Property24 more power.’’  Read here

 Page 76 onwards details how Private Property's shareholders benefited from 70-80% discounts compared to the smaller independent agencies.

This ruling has opened the door for new and more competitive prop-tech environment and is helping to level the playing field for smaller property agencies.

More and more options are becoming available for smaller agencies to more effectively manage their businesses, online presence and marketing. 

 Cost reduction and creating a more integrated environment at the back-end of property businesses will however stay a major focus area for most property practitioners and agencies.

Things are changing and will continue to move at a rapid pace.  Stay ahead of the game and by staying tuned and watching this space closely.

Jacques Grove

Principal and Dreamer

Hot Projects

Durbanville Medical Suites

A Grade Medical Suites FOR SALE in Durbanville

This brand NEW development in Central Durbanville has a variety of suites available to buy or rent.

Six (6) units available ranging in size from 98m2 to 637m2 with the price range from R3 180 100 to R21 619 650 (if you take the whole first floor).

Please click on the link to out website

https://groveproperties.co.za/index.php?c=ui.product/property&_seo=id/a-grade-medical-suites-for-sale-in-durbanville-central-ref-556-1693384989

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