| New residential project launched in Sandton - www.sandtontower.com, 28 March 2013
Apartments available from R1.7mil, register now for pre-launch
BRICS agree to establish development bank - Moneyweb, 27 March 2013
The much-anticipated announcement from the fifth BRICS Summit that a development bank will be established was indeed made on Wednesday afternoon by South African President Jacob Zuma.
Rand weaker as euro zone fears linger - Moneyweb, 27 March 2013
South Africa's rand softened against the dollar on Wednesday, weakened by concerns about the financial stability of its main trading partner Europe after the Cyprus bailout deal.
Reserve Bank to continue building SA’s reserves - eProp, 27 March 2013
The Reserve Bank will continue to build up South Africa’s level of reserves -- which are low compared to the country’s peers -- when market conditions are conducive.
SA leads in investor confidence - eProp, 27 March 2013
Ernst & Young had surveyed 500 leading investors from three countries to see how South Africa fared as an investment destination.
Credit Amnesty: SA's disguised threat - Property24, 22 March 2013
There are 19.69 million active credit consumers, of which 53.1 percent are considered to be in good standing. The number of consumers with impaired credit records has slowly been deteriorating from only 37.7 percent (in late 2007) to the current level of 46.9 percent. |
|
| GENERAL PROPERTY NEWS | Brics tourists remain untapped market for SA - eProp, 27 March 2013
Brics nations, despite high growth in tourist arrivals from these countries last year, remain an untapped resource for South African Tourism.
Land Bank CEO to step down in December - Property24, 27 March 2013
The Minister of Finance Pravin Gordhan and the chairman of the Board of Directors of the Land Bank, Dr Ben Ngubane, has confirmed that Phakamani Hadebe will step down as the chief executive officer and a director of the bank when his contract expires on 3 December 2013.
Lessons from Africa property investor - Property24, 26 March 2013
Having worked on the African continent since 1998, I am very optimistic and have seen the significant change that happened post 2005 and we are on the right path in terms of growth.
Public Private Partnership sees new affordable housing development in Rugby - eProp, 25 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.
Swiss House property sold for R66m - Property24, 25 March 2013
Nexus Property Group (NPG) recently brokered the R66 million sale of Johannesburg building, Swiss House. |
|
RESIDENTIAL PROPERTY NEWS | 10 tips for first-time property buyers - Property24, 27 March 2013
Buying your first property is a process that can be fraught with confusion and many wonder if they'll ever get to the point of owning a home. But do not fear, following a few easy guidelines while being patient will help you speed up the process.
Ooba Figures show that the market is slowly improving - eProp, 27 March 2013
Latest oobarometer reports that the average purchase price of homes in South Africa has gone up 5,2% year on year. According to Rhys Dyer, COO of ooba, "The property market is gaining confidence and we expect property prices will continue to show positive nominal price growth for the year ahead."
Emigration home sales & foreign buyers - Property24, 27 March 2013
According to the FNB Estate Agent Survey on Emigration and Foreign Buying, 2008 saw another emigration upturn, peaking at 20 percent of total home sellers in the second quarter of 2008, in a thinly traded market.
What powers do body corporates have? - Property24, 27 March 2013
Throughout the South African sectional title property industry, problems arise because body corporates are not aware of the extent of their functions and powers and often fail to exercise them as the law requires.
Buy or sell first, which is best? - Moneyweb, 26 March 2013
With current property market conditions leaning in favour of buyers, sellers may wonder what the best approach is when selling their home and acquiring a new property. |
|
| COMMERCIAL PROPERTY NEWS | BMR Unisa Retail Sales forecast for 2013 - eProp, 27 March 2013
BMR UNISA estimates formal retail sales to grow in real terms by 4.5% in 2013. Although this forecast is positive it is slightly lower than in 2011 and 2012 when real retail sales increased by 6.0% and 5.7% respectively.
Green office property trends in 2013 - Property24, 27 March 2013
Coupled with benefits of green buildings in South Africa, the focus of the green building industry will continue to switch from new building design and construction to greening existing buildings, says Manfred Braune, technical executive at the Green Building Council of South Africa (GBCSA).
Fresh fashion and even more shopping at Mall of the North - eProp, 27 March 2013
International luxury knitwear brand Pringle is set to open at Mall of the North in Polokwane, Limpopo. With other new retail brands, it brings even more shopping variety to the super-regional Mall of the North in Polokwane, Limpopo.
Africa’s largest pension fund endorses sustainable investment in the property sector - eProp, 26 March 2013
The Green Building Council of South Africa (GBCSA) applauds Africa’s largest pension fund - the Government Employees Pension Fund (GEPF) – on joining the Global Real Estate Sustainability Benchmark (GRESB).
Industrial tenants seek large premises - Property24, 26 March 2013
While accessible location is key, large industrial users seeking to relocate to more spacious premises in order to accommodate growth in warehousing, distribution and/or production are tending to seek premises which are not only clean and modern but which also offer large yards and turning circles for trucks, with good security and if possible, high exposure to passing traffic.
Stanlib to fund retail properties in Africa - eProp, 26 March 2013
STANLIB intends to launch its Stanlib Africa Direct Property Development Fund in May or June, as it seeks to capitalise on Africa’s growing retail sector.
South African property delivers improved performance in 2012 - eProp, 25 March 2013
The SAPOA/IPD South Africa Annual Property Index, released today, showed that the South African property sector delivered an improved 15.2% total return in 2012. |
|
| LISTED PROPERTY NEWS | Reit regime is incentive for property companies to list on JSE - eProp, 27 March 2013
New real estate investment trust (Reit) regime will also give unlisted property companies an incentive to list on the JSE as a Reit, says Java Capital director Andrew Brooking.
Bond market wobble a risk for property - eProp, 25 March 2013
Theweakening bond market is the "key risk" to sustained high returns from the local listed property market, which has provided strong returns to investors over the past few years, says Investment Solutions market analyst Thobile Thukani. |
|
| ESTATE AGENT NEWS | RE/MAX present community service award - Property24, 25 March 2013
To celebrate the 40th Anniversary of the RE/MAX International Group, RE/MAX Panache presented their Community Service Award for the first time at their recent annual awards ceremony.
Trafalgar sect. title & HOA agency - Property24, 20 March 2013
Trafalgar has entered residential property sales with an estate agency service focused on sectional title and home owners' association units. |
|
| SPECIFIC AREAS | Property stands in Irene sold for R25m - Property24, 27 March 2013
Abacus Divisions the Pretoria-based property development and management company, reports that, after a slow start to the year, it sold seven stands worth R25 million in the Irene area.
Demand for offices in Umhlanga - Property24, 26 March 2013
The Umhlanga area north of Durban continues to be a destination of choice for office users, with more and more corporate companies seeking space in this growth node, which offers appealing and secure, modern premises in a conveniently accessible business hub.
Young pros buy up Woodstock - Iafrica.com, 25 March 2013
The suburb of Woodstock, situated just east of Cape Town’s city centre on the lower slopes of Devil’s Peak, boasts panoramic views of the harbour.
Sought-after Cape Peninsula homes - Property24, 25 March 2013
Pam Golding Properties (PGP) reports that the South Cape Peninsula is seeing an influx of home buyers with towns such as Noordhoek and Scarborough recording high levels of home sales. |
|
|
