The Executive Property Summary

Dear {{contact.first_name}}

Well what an eventful March we have had this year.

As global events pick up in the leadup to the biggest election year in world history, things are getting crazier by the day.

With Haiti showing us just how bad things can get when a state collapses completely. Spine chilling to say the least!

On the upside the US presidential candidates have been confirmed, interest rates signal the start of a slow decline from Q2 onwards and Meta gets their ducks in a row.

The UN Security Council has called for an immediate ceasefire in Gaza, after the US did not veto the measure in a shift from its previous position.

From a property perspective residential prices for prime property in many of the top Western cities continue to defy the laws of economics. They are climbing to new record highs despite the highest interest rates in half a century and global uncertainties. But for how long can this continue...?

On our local South African front it has been a month of cold closure in the Steinhoff saga, with Markus Jooste closing the chapter on his own terms.

A scary reality check as the country's internet is disturbed for a few days without any warning.

A sobering speech from former president Mbeki explaining exactly what happened during the Zuma presidency.

As well as new beginnings as South Africa's 2 most famous shower celebrities tie the knot in in an unholy marriage of convenience between the king of corruption and the new prince of thieves.

💎💍👑

Lets see if diamonds are indeed forever in politics.

City completes R2bn upgrade of Zandvliet Waste Water Treatment Works

Another airline-sized blow for government

Plans to sell 20% stake in the Springboks to American-based firm

Global real estate outlook: Key themes in 2024

Positive turn for home sellers in South Africa

House price inflation in South Africa remains virtually flat, but sellers should expect some relief in the coming months due to a pick-up in demand.

More solo women than men applying for bonds to buy their own homes

Join Robert Kiyosaki's 'Rich Dad, Poor Dad' likely to be his last live & in-person speaking event in South Africa

National Achievers Congress South Africa 2-Day Financial Workshop For Financial Freedom

Five 2024 Residential Property Trends that no-one saw coming

Good News for Rental Agents and Landlords.

Disposable income on the rise for residential tenants.

Chairman's Report

With the year starting at a blistering pace and most of us thinking long and hard about the future as elections draw near, let's talk about legacy.

Property and legacy are as intertwined as your childhood memories are with the home you grew up in.

They are as big a part of the future you want to build, as is the size of the dream home on your dream board. The one you want to raise your children in thereby laying the foundation for their bright futures.

However, building a lasting positive legacy is not by chance.

It takes thorough planning, sound advice and a commitment to executing those well made plans.

When I started my property journey 20 years ago I was privileged to have advisors and parents who had put plans in place to create an inter-generational legacy through estate planning.

At that stage it only included the home we lived in, but the same principles apply for your investment portfolio.

A well thought-through trust structure has, and probably always will be, the way to go in order to protect your wealth long-term and build the platform to pass on a financial legacy to your children and to those who come after them or to whomever you want to leave a legacy. (Yes even your pets could inherit!)

Trusts can be used locally in South Africa for asset protection or you could set up an offshore structure for international capital mobility and protection.

Trusts offer the following major advantages in terms of:

- tax planning

- creating a separate legal entity

- asset protection

- continuity through generations

- privacy

If you are planning on building a property portfolio in SA or abroad or significant wealth in your lifetime, I would strongly suggest you look into getting a trust structure set up as the basis of your wealth planning and financial legacy.

With recent changes in the annual disclosure requirements for South African trusts, be sure you stay compliant.

If you need a recommendation or have some questions please do get in touch, we are always happy to help.

Have a blessed Passover weekend and break.

Yours in property.

Jacques Grove

Principal and Dreamer

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