| MARKET TRENDS |
CPI breaches target range - eProp, 22 August 2013
The
Consumer Price Index (CPI) came in at 6.3% year-on-year in July, Statistics
South Africa (Stats SA) said on Wednesday.
Slowdown in China ‘to hit SA hard’ - Business Day, 22 August
2013
South Africa’s economy is set to "suffer terribly", a top China
specialist warned on Wednesday as he forecast a steep fall in commodity prices
and cautioned that the Asian superpower was headed for a debt
crisis. |
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| GENERAL PROPERTY
NEWS |
Changes to ST design & common areas - Property24, 22
August 2013
According to the Sectional Title Act, what is the required
percentage (all owners) for a quorum to decide on changes to existing
architectural design or to extend communal areas?
Woman property mogul in the making - Property24, 21 August
2013
Sindisiwe Gumede (36) worked in a printing factory for seven long
years. There, she felt that her time and skills were wasted. This propelled her
to quit her job and open her own property business, Siyeza Magums CC.
Southern Sun Waterfront's R100m revamp - Property24, 19 August
2013
Southern Sun Waterfront in Cape Town has recently embarked on an
extensive refurbishment which will see R100 million invested in this landmark
546 room property.
Cape Town's Name Your Hood initiative - Property24, 16 August
2013
Name Your Hood, a private sector-led initiative seeking to build
stronger communities through interactive public neighbourhood naming campaigns,
has launched the next Cape Town “City Bowl” campaign – the naming of Hood 8.
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| RESIDENTIAL
PROPERTY NEWS |
Help for struggling mortgage holders - Property24, 21 August
2013
Activity in the property market over the past year has been
encouraging with most agencies reporting increased buyer activity and sales.
However, Seeff’s chief executive officer, Stuart Manning, says the renewed
economic uncertainty and downward pressure is concerning for many homeowners.
How much more does it cost to build than to buy? John Loos -
FNB - Moneyweb, 20 August 2013
It's an age-old debate between the
cost of building a house versus buying a home. It's pretty established wisdom
now that it's more expensive to build. John Loos, household and consumer
property strategist at FNB, joins us now.
Positive house price growth in July - Property24, 20 August
2013
The latest statistics from ooba, South Africa’s biggest bond
originator, show positive year-on-year house price growth in July of 6.6 percent
to an average purchase price of R902 900.
Home buying: From townships to suburbs - Property24, 20 August
2013
The areas formerly classified as “Black Areas” under the Apartheid
Era classifications have outperformed the former "White suburbs” in terms of
house price growth for much of the period since 2006, playing catch up off a
very low price base.
Low income earners upgrading homes - Property24, 19 August
2013
The FNB Estate Agent Survey by Segment reveals a noticeable
improvement in market fundamentals in the lower income area segment with four
income segments namely the High Net Worth segment, the Upper Income segment, the
Middle Income segment and the Lower Income segment.
The low down on occupational rent - Moneyweb, 18 August
2013
Whether buying or selling property, it is always vital to know
exactly what all the conditions in the offer to purchase stipulate, says Adrian
Goslett, CEO of RE/MAX of Southern
Africa. |
|
| COMMERCIAL
PROPERTY NEWS |
Things to consider when SMEs are looking for rental space -
eProp, 21 August 2013
Before signing a lease, Michelle Dickens, Founder
and Managing Director of the Tenant Profile Network (TPN), advises that small to
medium enterprises (SMEs) do their research, know their requirements, and plan
for the future.
Knight Frank announces commercial association with Galetti in
South Africa - eProp, 21 August 2013
Galetti, one of South Africa’s
foremost commercial property consultancies, has secured a formal relationship
with the world’s leading independent property group – and also the African
continent’s biggest player – Knight Frank.
Morningside Shopping Centre achieves solid growth in tough
market - eProp, 21 August 2013
Sandton’s Morningside Shopping Centre
is achieving solid growth, in spite of economic pressures that have consumers
keeping a closer eye on spending.
SA mall space overtraded - eProp, 20 August 2013
There's still money to be made in the highly competitive rural and township
retail market if you own established, dominant malls.
Interpark makes further moves into Africa - eProp, 20 August
2013
With growth potential and investment in Africa increasingly under
the spotlight, the South African based parking management company, Interpark – a
member of the Excellerate Property Services group, is focused on increasing its
footprint into the continent. |
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| LISTED PROPERTY
NEWS |
Listed property, bonds lose investor appeal - eProp, 20 August
2013
The South African-listed property and bond markets, which have
highly correlated yields, are the least favoured local asset classes and are
expected to remain volatile for some time, according to asset managers.
Demand for Atterbury Group’s soon-to-list property fund -
Moneyweb, 21 August 2013
With the listing of the Atterbury Group’s
property fund on the JSE around the corner, there is a healthy interest in
acquiring some of those shares. And with good reason, it seems.
Sellers need to reset their price expectations - Moneyweb, 19
August 2013
Sellers of property in the listed sector will need to reset
their price expectations. Following the recent correction in sector, and the
material rise in the cost of capital, sellers won’t be able to achieve the same
record prices they did pre-May. |
|
| ESTATE AGENT
NEWS |
IEA motivational morning for agents - Property24, 22 August
2013
The Institute of Estate Agents, Western Cape’s northern suburbs
interim committee will host a motivational morning with Linda Whatley.
SA Home Loans scoops finance award - Property24, 19 August
2013
SA Home Loans has beaten stiff competition from across Europe, the
Middle East and Africa to scoop a prestigious international financial award.
Agent certification deadline extended - Property24, 16 August
2013
In terms of the Standard of Training of Estate Agents Regulations,
2008, estate agents who were registered on 15 July 2008, the date when the
regulations came into effect, were required to be certificated against either
the Further Education and Training Certificate: Real Estate (NQF Level 4) for
non-principal estate agents or the National Certificate: Real Estate (NQF Level
5) for principal estate agents by 31 December 2011.
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| SPECIFIC AREAS |
Landmark Kalk Bay guesthouse for sale - Property24, 22 August
2013
The fishing village of Kalk Bay in Cape Town seems like a world
apart from the city life, with its laidback tempo and holiday atmosphere.
Sandton apartment on the market for a record R60m - Moneyweb,
21 August 2013
The R60 million price tag for a penthouse apartment in
Morningside that has recently been placed on the market is certainly remarkable,
but the property is a “Sandton gem the likes of which has never been seen in
Gauteng before”, says PGP Hyde Park joint area manager Jonathan Davies.
Woodstock hotel & residential property - Property24, 21
August 2013
The suburb of Woodstock, located on the eastern fringes of
Cape Town’s central city, is seeing strong demand from buyers wanting affordable
homes in a convenient central location, according to Pam Golding Properties
(PGP).
Wilgeheuwel homes offer buyers value - Property24, 20 August
2013
Wilgeheuwel, with its 2 499 gated estate housing units, its 1 080
freehold homes and its 8 557 sectional title apartments has emerged as an ideal
place for Johannesburg’s growing middle class to gain a foothold on the
homeownership ladder.
Claremont Upper manor for R20m - Property24, 19 August
2013
One of the finest Sir Herbert Baker designed Cape Dutch Manor
Houses, currently home to The Andros 5-star boutique hotel is on the market in
Claremont Upper.
Seaside homes on KZN’s north coast - Property24, 16 August
2013
‘Home is your sandcastle’ is a headline that appeared in the UK
Daily Mail recently. The author goes on to say that (UK) ‘seaside houses can be
eye-wateringly pricey but they make for shrewd investments’.
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| INTERNATIONAL
PROPERTY NEWS |
Massmart feels the pinch along with consumers – Business Day,
22 August 2013
Walmart-owned Massmart on Thursday reported a 9.9% fall
in first-half profit, as consumers in Africa’s largest economy came under
pressure. Massmart said headline earnings per share before currency swings were
at 181c in for the six months to end- June, compared with 201c previously.
UK tries to reduce budget deficit as economy heals - Business
Day, 22 August 2013
The UK posted its first July budget deficit since
2010 on Wednesday, as an increase in government spending outstripped tax
revenue. The UK’s economic recovery has gathered energy in recent months, which
will help Chancellor of the Exchequer George Osborne meet his budget targets as
he tries to reduce the deficit.
German real estate giant in bid for rival - eProp, 21 August
2013
German real estate giant Deutsche Wohnen outlines a 1.75bn takeover
offer for rival company GSW.
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