| MARKET TRENDS | Pressure on non-listed property - Property24, 24 April 2013
While returns on listed property are expected to slow in 2013, following stellar performance of 36 percent in total returns for the year in 2012, the pressure on non-listed commercial property is set to increase during the year ahead.
Bank to mull benign inflation outlook - Business Day, 24 April 2013
Inflation expectations remained well anchored in the first quarter, a Bureau for Economic Research (BER) survey released on Tuesday showed. This bodes well for interest rates to be kept on hold at the Reserve Bank’s monetary policy committee meeting next month.
Rand slide continues amid global growth concerns - Business Day, 23 April 2013
The rand has weakened just under 2% against the dollar since the start of the week as global growth concerns continue to weigh on investor confidence. |
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| GENERAL PROPERTY NEWS | SA hotels accommodation income high - Property24, 25 April 2013
Income from accommodation increased by 9.3 percent year-on-year (y/y) in February 2013, with a 3.8 percent increase in the number of stay unit nights sold and a 5.4 percent increase in the average income per stay unit night sold.
Construction firms admit bid-rigging - Property24, 25 April 2013
A total of 21 big South African construction companies have admitted to the Competition Commission that they were involved in bid-rigging to a combined value of R26 billion, Parliament’s Portfolio Committee on Public Works has heard.
Concerns raised over Pretoria CBD Rejuvenation plan - eProp, 24 April 2013
In a move dubbed Operation Reclaim, the Tshwane Metro Council has identified the revitalisation of the Pretoria city centre as one of its key focus areas for spurring economic activity through transforming the city into an attractive destination for business, residents and visitors alike.
RDP housing agents a scam: dept - Moneyweb, 23 April 2013
Gauteng's housing department warned Katlehong residents on Monday about people posing as department agents promising houses for a special fee.
Sanral plans to build five more toll roads - eProp, 22 April 2013
With the government set to push ahead with tolling in Gauteng in July and a new fight looming in the Western Cape, the South African National Roads Agency (Sanral) has announced plans to build another five toll roads across South Africa.
Malema's house to be auctioned in May: report - Moneyweb, 21 April 2013
A half-built home in Sandown belonging to expelled ANCYL president Julius Malema will be auctioned next month, it was reported on Sunday.
Right-wing property co-op under fire - Moneyweb, 18 April 2014
Members of the rightwing Afrikaner-only “town” of Kleinfontein are gearing up for a legal battle with its management as they claim that the entire settlement exists and operates illegally. |
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| RESIDENTIAL PROPERTY NEWS | When selling choose the right lawyer - Property24, 25 April 2013
When it comes to selling a property, choosing the right attorney for the job can make all the difference when it comes to how long the transfer process will take.
Be an informed home buyer - Moneyweb, 23 April 2013
It’s all too easy to focus on finding your dream home and securing finance, without paying much attention to all the other steps in the process. But there are many steps, and it’s important to know your rights and responsibilities when making the biggest financial commitment of your life.
Buying property in a golf estate - Property24, 23 April 2013
While golfing is often a strong motivator for those who invest in golf estate homes, these estates are about much more than just golf, says Seeff Centurion managing director, Steve van Wyk. |
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| COMMERCIAL PROPERTY NEWS | State of the office property market - Property24, 24 April 2013
In 2012, the South African property market saw capital growth of 1.9 percent, 9.8 percent income return and a total return of 11.9 percent.
Isipingo CBD set to become a Dynamic Commercial Node - eProp, 24 April 2013
Upgrades and infrastructure projects are intended to transform the node by guiding development, improving the built environment and restore business confidence in the area.
New Development Roggebaai Place under construction in Cape Town CBD - eProp, 24 April 2013
Having remained a partially completed building since 2009, the site of Roggebaai Place is once again a hive of activity.
Sandton's new R895 million property - Property24, 23 April 2013
After an intense tender and selection process by Webber Wentzel Attorneys, which received some 27 submissions by sector heavyweights including Redefine, Growthpoint, Zenprop, Intaprop and others, it has awarded the tender to Redefine Properties. |
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| LISTED PROPERTY NEWS | Listed property still outshines other asset classes - Moneyweb, 25, April 2013
Listed property was the star pupil of asset classes during 2012 with a total annual return on investment of around 36%, but most analysts warned that the sector would not be able to continue its dominance going forward.
Hyprop Investments to raise R1bn in bonds - eProp, 24 April 2013
Hyprop Investments, a shopping mall owner with clients including Body Shop and Timberland, wants to raise almost R1bn in bonds to reduce its debt-servicing costs.
Redefine to raise $70m for acquisitions - Moneyweb, 23 April 2013
Redefine Properties Ltd., South Africa’s second-biggest property developer by market value, will issue new shares to finance acquisitions and develop retail and office projects. |
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| ESTATE AGENT NEWS | Praises for local Lowveld RE/MAX agent - Property24, 25 April 2013
As the saying goes, “nobody in the world sells more real estate than RE/MAX” and it rings true as the brand has continued to show remarkable results despite challenges in the real estate market over the past few years.
Agents should attend EAAB road show - Property24, 23 April 2013
There are many changes taking place in the real estate industry and some say there is confusion in the ranks. Agents are encouraged to attend the EAAB Road Show event that will be held at various venues throughout the provinces in South Africa in order to be kept informed of developments within the property marketing environment.
Engel & Völkers Q1 12.7% revenue rise - Property24, 19 April 2013
The Engel & Völkers Group has seen a continuous upward trend this year with sustained growth in all business divisions. The group has seen an increase in commission revenue during the first three months over the same period in the previous year by 12.7 percent to around 54.0 million euros (Q1 2012: 47.9 million euros). |
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| SPECIFIC AREAS | Sandton's swish homes and mansions - Property24, 25 April 2013
In just over 20 years, Sandton has become the centre of wealth and power - the continent’s most significant business and financial district with opulent skyscrapers and office towers.
City dwellers buying Karoo farms - Property24, 24 April 2013
With the environment in the South African farming sector constantly changing, many commercial farm investors are looking to diversify into different regions and away from core farming activities.
Well-priced homes in Oudtshoorn - Property24, 23 April 2013
Over the last year or so, there have been claims from some estate agents in outlying areas to the effect that they can offer good homes at exceptionally low prices. Nowhere is this more true than in Oudtshoorn, says Isidore Langenhoven, franchisee for the Rawson Property Group’s Oudtshoorn franchise.
Cape Town's northern suburbs homes - Property24, 19 April 2013
Property prices in Cape Town’s northern suburbs are showing positive capital growth for the first time since 2008. This is according to Etienne Labuschagne, principal of Harcourts Select, who says house prices in areas such as Bellville, Durbanville, Brackenfell, Kuils River, Parow and Kraaifontein are showing growth of 5 percent year-on-year. |
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| INTERNATIONAL PROPERTY NEWS | Buy real estate in Sub-Saharan Africa - Property24, 25 April 2013
With an expected annual growth of 5 percent in 2012 to 2013, Sub-Saharan Africa (SSA) continues its transformative journey from a developing continent to a hub of global growth.
US Student Housing REITs dominate through growth and acquisition - eProp, 24 April 2013
Three public REITs, with total market capitalization of $6.4 billion, focus on student housing. These REITs represent just 1.0% of the overall REIT industry. |
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