| MARKET TRENDS | Higher-than-expected consumer inflation dashes rate cut hope - Business Day, 22 May 2013
Inflation was a tad higher than expected in April, dashing hopes for another interest rate cut on Thursday when the Reserve Bank concludes its three-day monetary policy committee meeting.
Bank forecasts higher 2013 wage settlements - Business Day, 22 May 2013
WAGE settlement averages for this year in South Africa could be higher than in the previous one, Bank of America Merrill Lynch global research forecast on Wednesday.
Rand selling an ‘over-reaction’ - Gordhan - Moneyweb, 21 May 2013
A sharp fall in the rand against the dollar to a four-year low on Tuesday was a ‘bit of an over-reaction,’ Finance Minister Pravin Gordhan said. The rand fell to 9.61/dollar on worries about mining labour tension.
Interest rates outlook in South Africa - Property24, 21 May 2013
The market is currently factoring in the possibility of a 25bp cut in the repo rate by the end of the year with almost 100 percent certainty, although many view this as a 50 percent chance of a 50bp cut (i.e. 0.50 percent). |
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| GENERAL PROPERTY NEWS | Free housing grants will remain in SA - Business Day, 22 May 2013
Although the continuous allocation of grants for free housing to the "poorest of the poor" is unsustainable, it will remain in place as long as the challenges of unemployment, poverty and inequity exist, Human Settlements Minister Tokyo Sexwale said on Wednesday.
COJ oppose 73% of valuation objections - Property24, 22 May 2013
The City of Johannesburg (COJ) has objected to seventy-three percent (73%) of the 85 499 property value objections on the 2013 valuation roll. Included in the list of objections are 169 properties in Saxonwold plus five others within or close to Sahara Group Compound (referred to as Gupta Family Compound in various media).
Rugby, nightclub rescue for Cape Town Stadium? - Moneyweb, 20 May 2013
Cape Town is hoping to attract sport teams and nightclubs to the rarely used, loss-making stadium it built for the 2010 soccer World Cup, according to Councilor Grant Pascoe. |
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| RESIDENTIAL PROPERTY NEWS | The responsibilities of a landlord - Property24, 23 May 2013
A common struggle for managing agents when it comes to the landlord tenant relationship is the maintenance of the unit by the landlord and tenants not paying their rent on time.
Understanding the role of the rental agent - eProp, 22 May 2013
It’s not surprising that many landlords choose to enlist the specialised services of a rental agent when letting a property.
Home price growth below CPI - Iafrica.com, 22 May 2013
The latest statistics from ooba, South Africa’s biggest bond originator, show that the average house purchase price has increased 4.5 percent year on year and 0.5 percent month on month to R908,802.
SA buyers see value in green homes - Property24, 21 May 2013
South African home buyers may be late coming to the “green”party, but they are fast catching up with their counterparts overseas.
Affordability, loans & interest rates - Property24, 17 May 2013
Home affordability improved further in Q4 2012, as represented by the ratios of house prices and mortgage repayments to household disposable income.
Positive forecast for rental market - Property24, 17 May 2013
A recent research survey undertaken by Torus Capital outlines a positive forecast for the property rental industry in South Africa for 2013 and beyond. Interestingly, the residential property rental market shows potential for positive growth, somewhat at odds with the current tough economic climate. |
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| COMMERCIAL PROPERTY NEWS | New president elected for SAPOA - Property24, 23 May 2013
SAPOA was established to create a powerful platform for property investors. Today SAPOA is the voice of commercial property.
Broll opens new African offices - Property24, 23 May 2013
Broll is now active in 15 African countries having begun the year with offices in five African countries: its South African headquarters, Ghana, Malawi, Namibia and Nigeria.
Sharing office space in Cape Town CBD - Property24, 22 May 2013
Cape Town’s CBD is seeing a rise in co-working, a trend that describes consultants, freelancers and entrepreneurs sharing office space.
Could a new office precinct develop in Sandton? - Moneyweb, 21 May 2013
An urgent need for greater efficiencies in building operations and management could lead to the development of a new office precinct in the heart of Sandton.
Trend towards development of new precinct in the heart of Sandton - eProp, 21 May 2113
Most large corporates are either moving into or considering new office space based on an urgent need for greater efficiencies in building operations and management. |
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| LISTED PROPERTY NEWS | The price of converting to REIT - eProp, 23 May 2013
Many listed property companies are converting or considering converting to real estate investment trusts (REITs) in South Africa since the new tax regime for list REITs was enacted.
Listed property gains despite weak rand, rising bond yields - eProp, 22 May 2013
Despite further Rand weakness and rising long bond yields, South Africa’s listed property sector gained 1.2% during the week ended 17 May 2013.
Growthpoint completes R2.5bn equity raise - Moneyweb, 22 May 2013
Growthpoint has successfully completed the equity capital raising of R2.52 billion announced on Tuesday, through the issue of 90 million new Growthpoint linked units at a final offer price of R28.00 per unit.
Sanlam’s Africa property fund lists in Mauritius - eProp, 20 May 2013
The fund‚ which is structured as a listed property company‚ will allow local and international investors to invest in high quality retail and commercial real estate across select sub-Saharan African countries excluding South Africa. |
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| ESTATE AGENT NEWS | Agents reminded of FFC renewal - Property24, 22 May 2013
All estate agents must receive certification for the National Qualification Framework (NQF) level 4 or level 5 before October 2013 or they will not be issued with Fidelity Fund Certificates (FFCs) for 2014.
No room for under-qualified agents - Property24, 21 May 2013
Residential property marketing and selling is so challenging that there is simply no room for under-qualified estate agents. |
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| SPECIFIC AREAS | Umhlanga luxury homes offer good value - Property24, 23 May 2013
Widely recognised as the premier coastal resort in KwaZulu-Natal (KZN), Umhlanga continues to attract high-end residential property buyers and investors.
New Mouille Point apartments underway - Property24, 23 May 2013
Construction is underway on a luxury apartment building on the Mouille Point coastline. Pam Golding Properties (PGP) reports that eight units remain available for purchase in the building.
Buy a lifestyle farm in the Winelands - Property24, 23 May 2013
Mention the Cape Winelands, and areas such as Franschhoek, Paarl and Stellenbosch spring to mind, famous for their landmark wine estates and award-winning vintages.
Richards Bay homes offer good value - Property24, 20 May 2013
Halfway between Durban and Kosi Bay, the town of Richards Bay lies at the sea-edge of an ancient floodplain in KwaZulu-Natal.
Garden Route homes a buyer's paradise - Property24, 20 May 2013
Activity in the Garden Route property markets of Knysna, George and Plettenberg Bay has picked up somewhat over the last year. |
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