| MARKET TRENDS | Credibility of SA’s fiscal policy ‘needs to be enhanced’ - Business Day, 06 March 2013
The Financial and Fiscal Commission has urged the government to take steps to enhance the credibility of its fiscal policy to ward off any future downgrades of its sovereign debt by credit rating agencies.
Global growth to remain tepid until 2015, says World Bank - Business Day, 05 March 2013
Global growth will not get seriously under way until 2015, with industrialised countries stagnant until then, the World Bank’s chief economist, Kaushik Basu, said on Tuesday.
Coface: real estate under pressure - Moneyweb, 28 February 2013
Commercial property growth is stagnant and likely to grow marginally in the next few years. Residential property is under pressure which is unlikely to change due to the current high level of consumer debt. No downward movement in interest rates expected in the short term.
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| GENERAL PROPERTY NEWS | Can we pull out after buying property? - Property24, 06 March 2013
A Property24 reader asks: A reader says he and a friend bought a plot but wish to withdraw from the sale. Can they pull out and get their deposit back?
I need advice regarding a land purchase and whether we pull out of this purchase without claim ramifications from the seller.
Fix poor drainage with a French drain - Property24, 06 March 2013
It is important to deal with water pooling or bad drainage in a garden as soon as possible, as it can lead to serious problems such as damage to building foundations if left unattended.
All the particulars about Compliance Certificates - Private Property, 06 March 2013
New laws have recently been passed affecting the selling of a home. Municipal laws now require homeowners to obtain additional certificates before a transfer of ownership takes place. In previous years only Electrical and Beetle Certificates were required, now the new laws also stipulate that you need to obtain a Gas Certificate, Electric Fencing Certificate as well as Plumbing/Water Certificates.
British tycoon invests R150m in SA - eProp, 04 March 2013
British tycoon Sir Richard Branson has unveiled an investment of R150-million in Virgin Active's Classic health club in Sandton, which would bring to 108 the number of clubs that openate in SA. The new site, which is under construction, is scheduled to open in August. |
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| RESIDENTIAL PROPERTY NEWS | Real home prices falling - Iafrica.com, 06 March 2013
The FNB house price index showed a 2.6 percent year on year (y/y) increase for February after a revised 3.9 percent y/y gain in January.
Growth in luxury black property ownership soars - eProp, 06 March 2013
Growth among black owners in the luxury property market has soared over the last 10 years, but this change is yet to be reflected in the rest of the property market.
Tips for applying for a Home Loan - Private Property, 06 March 2013
When applying for a bond or home loan, it’s not just the buyer’s affordability that needs to be ascertained, it’s the buyer’s credit and payment profile that will be checked carefully and if there is the slightest chance that he has “black marks” against him the bond application will be rejected, says Avia Ebrahim, bond consultant for IHFS, the newly established bond originators for Bardale Village.
When rent increases hurt - Private Property, 06 March 2013
Times are getting tougher for South Africans. The cost of electricity, petrol and food are soaring. It has also become far more expensive to own a home, and the amounts paid on property rates have been steadily climbing over the years, as has the cost of maintaining a home.
Tenants and rental payment records - Property24, 05 March 2013
The percentage of tenants who paid rent on time rose to 72 percent in Q4 2012 from 71 percent in Q3 2012, according to the Tenant Profile Network (TPN).
Low mortgage advances growth in 2013 - Property24, 05 March 2013
The year-on-year (y/y) growth in the value of outstanding credit balances was 9.9 percent in January 2013 and growth is expected to remain low in 2013, according to Absa.
Budget 2013 and the property market - Property24, 04 March 2013
Budget 2013 presented by Minister of Finance Pravin Gordhan has been given the thumbs up even though in his presentation, he says the 2013 Budget is presented in challenging times, pointing out that this is a budget in which there is limited room for expansion, yet there are significant opportunities for change. |
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| COMMERCIAL PROPERTY NEWS | Retail sales to improve in 2013 - Property24, 06 March 2013
Retail should benefit from modest but positive gains in 2013. With core economic fundamentals holding steady in SA, and global economies showing the first signs of recovery, key retail indicators are set to show modest, but positive gains in 2013.
Sandton the largest Commercial Property node - eProp, 06 March 2013
Since the movement of the JSE from Johannesburg central into the node in 2001 and the relocation of several other blue chip tenants, Sandton has established itself as the financial centre of sub Saharan Africa.
SAPOA welcomes 8% annual Eskom increase - eProp, 05 March 2013
The South African Property Owners Association (SAPOA) welcomes the approval by the National Energy Regulator of South Africa (NERSA) of the 8% annual increase for electricity.
Liberty's Mitchell's Plain Retail investment prospers - eProp, 01 March 2013
Liberty Group’s bold decision to transform its Liberty Promenade retail centre into a world class shopping destination is paying dividends. Just over a year since the launch of the R500m refurbishment and extension project, the centre’s statistics paint a positive picture. |
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| LISTED PROPERTY NEWS | REITS could be credit positive, says Ratings Agency - eProp, 06 March 2013
The implementation of the real estate investment trust (Reit) structure in SA’s commercial property sector is likely to be “credit positive” for the industry‚ according to ratings agency Moody’s Investors Services.
Listed Property Sector financial results summary - eProp, 04 March 2013
Over the last few weeks a number of listed property funds announced financial results for either 6 months or full year, here is a recap of the highlights.
Hot buy: new property ETF- STANProp - Property24, 28 February 2013
As part of the asset manager’s long term strategy to cover all asset classes in low cost index products, STANLIB has listed a new and third South African property Exchange Traded Fund (ETF), STANProp. |
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| ESTATE AGENT NEWS | RE/MAX Masters win award at convention - Property24, 05 March 2013
Following a successful 2011, Glenn Norton of RE/MAX Masters has been awarded the International Broker/Owner of the Year for 2012 for a multi-office situated in a metro area.
RE/MAX win Region of the Year award - Property24, 04 March 2013
RE/MAX of Southern Africa has been declared the RE/MAX International Region of the Year for 2012 at the awards ceremony held at the RE/MAX International convention in Las Vegas. |
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| SPECIFIC AREAS | What R45m could buy you in Plett - Moneyweb, 06 March 2013
A ‘Millionaire’s Row’ property in Plettenberg Bay has come onto the market - and with a hefty R45m price tag, it's reportedly one of the area's highest priced properties.
Edenvale’s mid-priced homes from R700k - Property24, 06 March 2013
In the current economic conditions, residential property in the middle income price brackets has proven to be a sound investment and in many cases, better than more expensive homes.
Llandudno & Hout Bay rental homes - Property24, 06 March 2013
Demand for rental accommodation in the villages of Llandudno and Hout Bay has increased by 20 percent over the last year. This is according to Seeff’s licensee, James Lewis who says their rental book has grown from 80 to around 100 properties in the last year.
Pietermaritzburg homes from R900k - Property24, 05 March 2013
Pietermaritzburg is known as the capital and second largest city in the KwaZulu-Natal province. Fondly known as Maritzburg by the locals, it has become the regional core and industrial hub, commercially speaking, due to the wide feeder market incorporating a vast interior catchment area.
New apartment development in Vredehoek - Property24, 04 March 2013
Vredehoek is becoming one of Cape Town’s most sought-after and desirable areas to live as a wave of urban renewal refreshes and re-energises one of the city’s best-kept secrets. |
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| INTERNATIONAL PROPERTY NEWS | European stocks reach highest level since 2008 crash - Business Day, 06 March 2013
European stock markets rose to their highest since the 2008 financial crisis on Wednesday, helped by signs the US economy is improving and expectations of more pledges of support for growth from major central banks.
London property market and economy - Property24, 04 March 2013
London’s stature as a global financial centre is unlikely to change in the medium-term and against an ongoing backdrop of domestic and global economic difficulties, property values in prime central London climbed a further 0.4 percent in January.
Top international property locations - Property24, 01 March 2013
While some international investors are reportedly looking to Africa for yields and income, South African investors looking to buy property offshore should be eyeing the United States as this is the top international property investment hotspot for investors and is currently one of the countries where the best returns on investment can be made. |
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