| GENERAL PROPERTY NEWS | Invest in Student accommodation (register here) - Property24, 28 March 2013
Partnerships between the private property sector and the country’s academic institutions is a credible solution to providing safe and affordable accommodation for thousands of students, says managing director, Kirstin Schubach of student accommodation specialists, the Aengus Property Group. Please register here to receive info in your inbox on this project.
Partnerships in manufacturing vital for Brics success - eProp, 27 March 2013
Partnerships in manufacturing vital for Brics success and could potentially result in investments in IDZs boosting industry property in South Africa. |
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| RESIDENTIAL PROPERTY NEWS | Real home prices fell in March - Iafrica.com, 03 April 2013
The FNB house price index for March showed further slowing in its year-on-year (y/y) inflation rate‚ from a revised 2.9 percent in February to 2.2 percent in March. This continues a mild slowing growth trend from a “mini-peak” of 7.7 percent growth reached in July last year.
Mortgage growth to slow in 2013 - Property24, 03 April 2013
The value of outstanding credit balances in the South African household sector showed growth of 9.8 percent year-on-year (y/y) to R1.311 trillion up to the end of February 2013 (9. 9 percent y/y in January).
3% do value add upgrades to homes - Property24, 03 April 2013
The household sector priority in the post-recession years has been to return to full maintenance of homes, whereas value adding additions and alterations remain on the backburner, according to the FNB report on additions and upgrades.
What does Cape Town offer Buyers and Tenants? - Private Property, 03 April 2013
In addition to a diverse property market in a prime central location, Mediterranean climate and cosmopolitan population. Cape Town is Africa's third main economic hub city, SA’s second main economic centre, as well as the main economic centre of the Western Cape, where living costs come at a price.
Think before you rent - Private Property, 03 April 2013
Rentals make up a vital segment of South Africa’s property market. Over the past few years, this sector was thrust into the spotlight like never before thanks to the advent of the National Credit Act (NCA) and the recession which resulted in a sharp decline in bond qualifications and financial liquidity overall.
Homes still unrealistically priced - Property24, 02 April 2013
The FNB Property Barometer Estate Agent Survey shows rising demand for residential property in Q1 2013 from a declining trend in the previous quarter.
New affordable homes in Cape Town - Property24, 28 March 2013
An effective public and private sector partnership between Nedbank, a local developer and the City of Cape Town has resulted in the development of much needed new affordable housing in the suburbs of Rugby and Silvertown.
Ten tips for first-time buying with confidence - Moneyweb, 27 March 2013
Buying your first property is a process that can be fraught with confusion. This simple list will set you on the path to home ownership. |
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| COMMERCIAL PROPERTY NEWS | Tips on buying commercial property - Property24, 03 April 2013
According to many economists, the outlook for the local commercial property sector for 2013 seems to be dim. For example, having a long-term lease with a national company in place will push the value of the property up, whereas multi tenanted units in rural areas with a lesser profile and no anchor tenant is a less attractive option for investors, he points out.
Green offices generate higher returns - eProp, 03 April 2013
Green Star and NABERS rated assets have delivered higher total annual returns for 2012 than the total office property sector, according to the latest Property Council/ IPD Australian Green Property Index.
SA shopping mall boom not sustainable - Property24, 03 April 2013
The retail industry in South Africa has boomed in recent years, supported by an increased supply of retail space, as well as a greater number of shopping centres in the country.
Mahwelereng Shopping Centre opens in Limpopo - eProp, 30 March 2013
Mahwelereng Shopping Centre opened on Wednesday, meeting the growing needs of local consumers by introducing the refreshing convenience of one-stop shopping to this growing Limpopo town. |
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| ESTATE AGENT NEWS | Fewer agents means less opposition - Property24, 03 April 2013
Recent statistics show that since 2008, the residential property market had contracted by 45 percent. However, Bill Rawson, chairman of the Rawson Property Group, surprised many people when he said he was “not at all” concerned.
Real estate transformation challenges - Property24, 28 March 2013
Transformation, a desirable goal with political, financial and social benefits for the whole of South African society, is particularly difficult to achieve in the estate agency sector. |
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| SPECIFIC AREAS | Clifton home going for R120m - Iafrica.com, 03 April 2013
As one of South Africa’s most exclusive residential areas, Clifton is home to some of the most luxurious homes in the country.
Menlo Park’s high-end property - Property24, 02 April 2013
Nestled between other upmarket areas like Waterkloof, Brooklyn and Lynnwood, Menlo Park offers affordable living in a high-value zone. Many savvy buyers and residential investors have discovered this gem of a suburb in the Old East of Pretoria, and as a result, are realising better-than-average equity growth in their investments.
Strong demand for suburbs around Rondebosch Common, say agents - SA Good News, 02 April 2013
Rondebosch Common is one of the best-known landmarks in Cape Town’s southern suburbs – a 40 acre stretch of public land that shelters more than 110 bird varieties and more than 100 plant species, many of them endangered examples of Cape Flats Sand fynbos.
Sea Point's urban renewal brings back top-end buyers - SA Good News, 02 April 2013
The upgrading of Sea Point’s commercial precinct is having a positive effect on its residential market as it once again becomes a sought-after area for well-heeled buyers, says Signatura’s John Rabie, who is developing a luxurious apartment block in Calais Road.
Port Elizabeth property more buoyant - Property24, 28 March 2013
Recognised as the economic hub of the Eastern Cape, Port Elizabeth’s strategic position is strengthened by increasing activity in and around Coega, which augurs well for future growth in the residential property market and is already resulting in numerous enquiries for rental accommodation. |
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| INTERNATIONAL PROPERTY NEWS | Dow, S&P push to new record highs - Moneyweb, 03 April 2013
US stocks pushed to new record highs Tuesday, bolstered by solid US manufacturing orders and strong results from US automakers.
IMF team discusses $4.8bn rescue loan for Egypt - Business Day, 03 April 2013
An International Monetary Fund (IMF) team resumed long-delayed negotiations with Egypt on Wednesday on a $4.8bn loan to ease an economic crisis in the most populous Arab country, a government official said.
Launch of luxury lifestyle golf and beach estate in Mauritius - eProp, 27 March 2013
With its idyllic lifestyle, tropical climate, coupled with a stable economy and business- and tax-friendly environment, it’s hardly surprising that the island of Mauritius holds increasing appeal for those seeking a luxury getaway or permanent residential investment. |
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