Economic growth and interest rates - Property24, 29 August
2013
South Africa’s economic growth was lower at a real seasonally
adjusted, annualised rate of 0.9 percent in the first quarter of 2013 compared
with 2.1 percent in the fourth quarter of 2012.
Consumers spending more on essentials - Business Day, 28
August 2013
The drastic increase in the consumer price index (CPI) from
5.5% in June 2013 to 6.3% in July has seen citizens who are already in debt
spending more of their money on essential goods, says debt counselling firm
DebtBusters.
GDP increased by 3 percent in second quarter - eProp, 27
August 2013
The Gross Domestic Product (GDP) at market prices increased
by 3.0 percent during the second quarter of 2013, Statistics South Africa
(StatsSA) has announced.
SA business indicators and property - Property24, 27 August
2013
The South African Reserve Bank (SARB) Leading Business Cycle
Indicator for June suggests that we should continue to harbour moderate
expectations regarding growth in property trading volumes.
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| GENERAL PROPERTY
NEWS |
Image problems of SA’s top cities mask vast potential -
Business Day, 29 August 2013
A few weeks ago the City of Johannesburg
fell foul of the Advertising Standards Authority of South Africa when the body,
acting on a complaint by a member of the public, made the city administration
withdraw an advertisement describing it as a "world-class African City".
Success of women in real estate must be celebrated - eProp, 28
August 2013
The listed property sector has not a single woman CEO and
only one chairwoman, but the past decade has seen women rise to senior executive
positions.
Africa Property Investment Summit - Property24, 27 August
2013
If you want an opportunity to interact with the best real estate
minds in Africa and globally, do not miss the third annual Africa Property
Investment (API) Summit which takes place between 3 and 4 September at the
Sandton Sun Hotel in Johannesburg. |
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| RESIDENTIAL
PROPERTY NEWS |
Banks improve access to homeownership - Property24, 29 August
2013
Even though prices are rising, the prospect of homeownership has
been brought closer for more South Africans thanks to shifts in bank lending
practices.
Buying and selling property in Namibia - Property24, 29 August
2013
In recent times, the gradual residential rental and home buying
demand growth of recent years has started to catch up with slower supply growth
of residential stock.
Credit amnesty looming - Property24, 29 August 2013
There’s a credit amnesty coming and it will make it even more important for
property sellers and landlords to enlist the help of qualified and experienced
estate agents.
Building costs and land values - Property24, 28 August
2013
In the second quarter of 2013, the cost of building a new house
increased by a nominal 7 percent year-on-year (y/y) from 5.1 percent y/y in the
first quarter.
The price of beach-front living - Moneyweb, 27 August 2013
Not only is there a lot of variation in both the average house price of
beachfront properties and the average rand per square metre value of these
properties, there is also significant variations in the prices of properties at
beaches within provinces.
Affordability and house price growth - Property24, 26 August
2013
Housing affordability, as measured by the ratios of house prices
and mortgage repayments to household disposable income, levelled out towards the
end of 2012 and early 2013, but remained largely favourable compared with a few
years ago.
Buying property in the Western Cape - Property24, 23 August
2013
The Western Cape continues to outperform other provinces in terms
of its ability to attract repeat home buyers from other provinces and retain its
own, according to the FNB Regional Migration Trends report.
Lifestyle changing property investment - Property24, 23 August
2013
Most people buying residential property these days are not only
thinking about having a pleasant, convenient place to live, but also about
building wealth and getting ahead in life.
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| COMMERCIAL
PROPERTY NEWS |
Opportunities for property developers who know where to look -
eProp, 28 August 2013
Nedbank Corporate Property Finance solid financial
results in H12013 underpin MD Frank Berkeley’s confidence that there are
opportunities for those developers and financiers that know where to look for
them.
Sandton City mall and social media use - Property24, 28 August
2013
Sandton City Shopping Centre in Johannesburg was in May voted the
Coolest Shopping Mall in The Sunday Times Generation Next Brand Survey Awards
for the second year in a row.
Land ownership cannot continue to be left unaddressed in SA says
SAPOA - eProp, 27 August 2013
Land reform in South Africa needs to
be addressed, but it shouldn’t come at the cost of food security or by breaking
up economically efficient enterprises.
SA making rapid progress on green buildings - eProp, 27 August
2013
Although South Africa is relatively new on the "green building"
scene, it is making rapid progress in catching up with the likes of Australia,
North America and Europe, says Heath Andersen, associate director at global
engineering firm Arup.
Eris Property Group develops R117m Tsumeb Mall in Namibia -
eProp, 27 August 2013
Eris Property Group is developing 15 000m² Tsumeb
Mall in Namibia scheduled to open in May 2014.
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| LISTED PROPERTY
NEWS |
Volatility in listed property expected to continue - Moneyweb,
29 August 2013
Listed property companies could have difficulty in
finding yield-enhancing transactions to enter into. Moreover, the recent
volatility in share prices in the sector following a correction in long-bond
yields, is expected to continue.
Hyprop to simplify capital structure for Reit conversion -
Business Day, 29 August 2013
Retail-focused property loan stock company
Hyprop Investments on Thursday reported a 7.6% rise in total distributions to
213c per combined unit for the six months ended June.
Listed property market capitalisation declines further -
eProp, 28 August 2013
The listed property sector has continued its bumpy
ride with the sector’s market capitalisation declining further since the major
sell-off in May and early June.
Growthpoint plans to raise R1.5bn - Moneyweb, 28 August
2013
Growthpoint Properties, South Africa’s biggest property company by
market value, had a full-year net loss of R1 billion in the 12 months through
June, compared with a R921 million loss a year earlier, the company said in a
statement. Revenue advanced 9% to R5.8 billion.
Acquisition opportunities returning to listed property sector
- eProp, 27 August 2013
Vunani Property Investment Fund CEO Rob Kane
says acquisition opportunities are returning to the listed property sector.
What impacts global and local listed property performance? -
Moneyweb, 23 August 2013
Local fund managers prefer to take a long term
view when comparing the performances of listed property sectors in the US and
Europe and SA. |
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| ESTATE AGENT
NEWS |
Training key to meeting client’s needs - Property24, 29 August
2013
The primary aim of all estate agents' training has to be the
increase of the agent’s ability to be sensitive and sympathetic to the client’s
needs.
Rawson franchising continues to grow - Property24, 28 August
2013
The Rawson Property Group’s recent participation in a franchise
expo in Johannesburg coupled with their extensive planning for their exhibition
at the upcoming Business Opportunities and Franchise Expo has confirmed their
belief that confidence in South Africa’s real estate sector is now strong.
Anne Porter rebrands as Knight Frank - Property24, 26 August
2013
Knight Frank Anne Porter, who have been in association with Knight
Frank for the past ten years, has announced that they will be rebranding as
Knight Frank. |
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| SPECIFIC AREAS |
Hermanus estate's lifestyle property - Property24, 28 August
2013
The Hemel-en-Aarde Estate on the outskirts of Hermanus is nearly
fully developed, with just 16 vacant stands remaining out of a total of 356
stands.
KZN Hillcrest's 'country feel' homes - Property24, 28 August
2013
Hillcrest in KwaZulu-Natal is situated on the crest of a hill above
Durban and bordered by the Valley of a Thousand Hills. The town is just 20
minutes away from Durban’s metropolitan area, although the region is surrounded
by pastures and farmland, providing its residents with a retreat from the hub of
the city.
PE Linton Grange's affordable homes - Property24, 26 August
2013
The suburb of Linton Grange is situated in Port Elizabeth in the
Easton Cape Province offering buyers properties that are still affordably
priced. |
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| INTERNATIONAL
PROPERTY NEWS |
G4S sets out to cut its debt - Business Day, 29 August
2013
G4S, the world’s largest security services firm, plans to raise
about £600m by selling shares and assets as its new boss seeks to restore its
battered reputation by cutting debt and focusing on emerging markets.
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