| MARKET TRENDS |
Why you should care about stuff like "credit extension" -
Moneyweb, 03 July 2013
There’s so much economic data out there that it
can be hard for the interested individual to separate the wheat from the chaff
and to make sense of what, if anything, it all means. This week, then, we’re
going to take a look at some recent data about the South African economy, and
discuss what it’s telling us.
SA investors looking to buy offshore property - eProp, 30 June
2013
Owning a leisure pad in a sought-after sun- or snowbelt appears to
have lost none of its allure for the super rich.
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| GENERAL PROPERTY
NEWS |
Beneficiaries a voice in govt housing - Property24, 04 July
2013
Government will in future involve beneficiaries in the planning and
building of the communities in which they live, says Deputy Human Settlements
Minister Zou Kota-Fredericks.
Greenest municipality winners announced - eProp, 03 July
2013
Ekurhuleni metropolitan has added a feather in its cap by being
announced the overall winner in the Greenest Municipalities competition, walking
away with prize money of R3.5 million.
Morningside penthouse up for auction - Property24, 03 July
2013
On 24 July, Rawson Auctions for Gauteng will auction a penthouse
suite at the four-storey Johannesburg’s ultra-luxurious Sandton Emperor
apartment complex, located in Morningside close to the Sandton CBD.
Colluding builders must answer to all - eProp, 01 July
2013
Walk into the shimmering offices of Murray & Roberts, Wilson
Bayly Holmes-Ovcon (WBHO) or a dozen other construction firms, and one word you
won't see emblazoned on their mission statement is
"accountability". |
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| RESIDENTIAL
PROPERTY NEWS |
Home loans for buy-to-let property - Property24, 04 July
2013
Following the global financial crisis of 2008/2009, South African
banks have generally been more conservative in financing buy-to-let properties,
compared with the boom years, which may have also contributed to slower
buy-to-let buying.
Show your house but beware criminals - Property24, 04 July
2013
Show houses are still a part of the residential house sales
landscape, although in major urban areas crime is a concern for agents while in
smaller towns show houses are still very much part of the sales process.
Buying new vs secondhand property - Property24, 03 July
2013
Home buyers looking for a property in an estate usually have the
option of buying a new home directly from a developer or buying an existing
secondhand home.
FNB: house price growth mildly up in June - Moneyweb, 02 July
2013
The FNB house price index showed mild acceleration in its
year-on-year average house price in June, from a revised 6.2 percent in May to a
6.6 percent rate in June, the financial services group said on Tuesday.
Low growth in SA mortgage balances - Property24, 02 July
2013
According to the Credit and mortgage balances report by Absa, May
2013 saw year-on-year (y/y) growth in outstanding credit balances in the South
African private sector (households and the corporate sector) remaining unchanged
at 9.1 percent from end-April.
More buy-to-let investors choose KZN - Property24, 28 June
2013
The second quarter FNB Estate Agents Survey reveals that the total
percentage of buy-to-let investors in South Africa remains low at only 8 percent
of buyers. |
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| COMMERCIAL
PROPERTY NEWS |
FNB invests over R400 million in Kwazulu-Natal Development -
eProp, 03 July 2013
First National Bank, celebrated the ground breaking
of a new office development, valued at R430 million in Umhlanga, Kwazulu Natal.
CT's sought-after commercial property - Property24, 02 July
2013
Commercial space in prime hubs in Cape Town’s popular Southern
Suburbs is in demand, with retail hotspots in Claremont – close to Cavendish
Square, Claremont CBD and the railway station highly sought after, says Mercia
Pillay, leasing and sales broker for JHI Properties in the Western Cape.
JHI Properties conclude R4.2m lease in Cape Town - eProp, 01
July 2013
Commercial space in prime hubs in Cape Town’s popular Southern
Suburbs is in demand, with retail hotspots in Claremont – close to Cavendish
Square, Claremont CBD and the railway station highly sought
after. |
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| LISTED PROPERTY
NEWS |
Listed
property is a good bet, even in volatile times - Moneyweb, 03 July 2013
Volatile bond markets may have caused some suffering for SA’s listed
property sector in recent weeks, but the opportunities for investors are still
there, thanks to higher yields and sound market fundamentals.
Listed property sector regains ground - eProp, 02 July
2013
South Africa’s listed property sector surged 8.2% during the week
that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand
and some quarter-end window dressing.
Growthpoint and Dimension Data deal - Property24, 02 July
2013
Growthpoint Properties today announced an exclusive five-year
partnership with Dimension Data that will evaluate the viability of open-access
high-speed internet to Growthpoint’s 353 commercial and industrial properties
across South Africa.
The case for international property - Moneyweb, 01 July
2013
Orapa – Given the recent rand weakness, many investors and fund
managers are looking for ways to hedge their portfolios against movements in the
local currency. One asset class that is drawing their attention is international
property. |
|
| ESTATE AGENT
NEWS |
IEASA residential rentals course in CT - Property24, 04 July
2013
As a letting agent, it is important to be completely au fait with
the Rental Housing Act and the legal interpretation of it, as well as the
practical day-to-day aspects of rental management.
Century 21 recognises its top agents - Property24, 03 July
2013
In two separate award ceremonies (one in Johannesburg for the
inland agents and one in Knysna for the coastal agents) Century 21 South Africa
recognised its top performing agents for the 2013 financial year with its Pearl
Awards program.
PGP aim to make a difference - Property24, 01 July 2013
To coincide with Dullstroom’s Winter Festival from 5-7 July (2013) Pam
Golding Properties is asking members of the public to assist in PGP’s ‘Making a
Difference’ campaign by contributing to Epilepsy South Africa’s Dullstroom Care
Centre. |
|
| SPECIFIC AREAS |
Tyger Valley Waterfront flats appeal - Property24, 04 July
2013
When the Tyger Valley Waterfront in Cape Town was launched in 1996,
a visiting American architectural journalist, Frank Nussbaum, commented that
whoever had conceived the project had shown an amazing breadth of imagination
and planning ability.
New houses in Protea Glen from R450k - Property24, 03 July
2013
The building of new two and three bedroom houses in Protea Glen Ext
11 in Soweto will commence around September 2013.
Buying property in Franschhoek - Property24, 03 July 2013
As one of the oldest towns in the country, Franschhoek in the Western Cape
is situated approximately 45 minutes from the Cape Town city centre.
Buying and renting a home in Paulshof - Property24, 02 July
2013
With easy access to transport routes and more affordable pricing
than properties located within the Sandton CBD, many young executives and
families have made Paulshof their home, says Adrian Goslett, chief executive
officer of RE/MAX of Southern Africa.
Young buyers moving to CT's Plumstead - Property24, 28 June
2013
Plumstead is a fairly large suburb in Cape Town approximately 15
kilometres to the south of the city, situated in the Southern Suburbs between
Wynberg and the Constaintia Valley. |
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| INTERNATIONAL
PROPERTY NEWS |
Markets slip on fears over China’s growth - Business Day, 04
July 2013
Two surveys reflecting the weakening of the Chinese services
sector drove local markets lower on Wednesday as growing fears that China’s
growth story was not headed for a happy ending rattled global markets.
What caused the financial crisis? - Property24, 01 July
2013
Governments in the US and Europe have conveniently blamed the banks
for the crisis, but all the banks really did was create and trade on property
related derivatives much as they trade on derivatives related to shares on the
stock market. Many politicians would have us believe that the banks are to
blame. However, the underlying facts tell a different story. |
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