MARKET TRENDS |
SA languishes near bottom of African growth outlook - Business
Day, 07 August 2013 Growth in South Africa will continue to lag that of
other African countries, with the latest African Development Bank African
Economic Outlook report listing the country among the 10 that will grow the
slowest in 2013.
SA economy shakes off some lethargy - Moneyweb, 07 August
2013 Could it be that we have collectively overstated a few downsides?
Credit growth is trundling along steadily at +9% yy, latest new car sales did
7.5%, retail sales surged in May. |
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GENERAL PROPERTY
NEWS |
Survey results on dispute resolution - Property24, 08 August
2013 National Debt Mediation Association (NDMA) has welcomed a survey by
the National Credit Regulator (NCR) that shows that alternative dispute
resolution services offered to consumers are largely seen as effective in
resolving a range of disputes between service providers and consumers.
Tips for dealing with pool contractors - Property24, 08 August
2013 July and August are generally the busiest months of the year for
swimming pool builders, as homeowners look forward to summer and take advantage
of the dry weather in most parts of the country to get their additions and
alterations done.
Ekurhuleni to minimise court cases - Property24, 07 August
2013 The Ekurhuleni Metropolitan Municipality is forging closer
relations with the legal fraternity in a move to pursue the route of dispute
resolution options instead of court cases.
Zantech Ponzi took deposits under Reserve Bank's nose -
Moneyweb, 07 August 2013 Zantech Trading, a 25%-a-month Ponzi scheme,
accepted deposits from investors right under the nose of the Reserve bank.
Auditors in the spotlight for construction corruption - eProp,
05 August 2013 The spotlight has fallen on auditors who signed off
financial statements of JSE-listed construction companies that paid millions to
bribe competitors to submit losing bids for tenders.
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COMMERCIAL
PROPERTY NEWS |
Drivers of demand for office space losing momentum - eProp, 07
August 2013 A weakening demand for office space as well as sluggish
growth in market rentals are on the cards, says Erwin Rode, professional
property valuer and property economist at Rode & Associates.
Centurion industrial property market - Property24, 06 August
2013 It appears that the industrial property market is leading the slow
comeback in the commercial property market, certainly in the greater Irene and
Centurion areas where industrial space is being “snapped up".
Cape Town Real Estate overview H1 2013 - eProp, 03 August
2013 Increased commitments to development projects are concerning as
they may add to the current rising vacancies in the midst of slow demand for
office space.
Debate over multi-billion rand Time Square development in east of
Pretoria - eProp, 03 August 2013 The multi-billion Rand Time Square
development in the east of Pretoria – which will include a five star hotel and
casino – is drawing negative feedback from the public, including a group of 22
residents' associations, known collectively as the Joint Action Group.
Liberty Promenade Shopping Centre gets two new lifestyle
tenants - eProp, 02 August 2013 Liberty Promenade Shopping Centre is
proud to announce that two new tenants, Fives Futbol and Zone Fitness have
commenced trading at the centre.
Standard Bank Rosebank development achieves Five Star Green Star
rating - eProp, 02 August 2013 Standard Bank’s new R2.7bn office
development in Rosebank joins eight other buildings in South Africa to have
achieved a five-star Green Star rating, and adds to the number of financial
institutions and companies moving into "green buildings".
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LISTED PROPERTY
NEWS |
Listed funds investors beware of REITS - Property24, 07 August
2013 Much has been said about the benefits of the new Real Estate
Investment Trust (REIT) structure which has become available to the South
African property sector.
Growthpoint Properties converts to best-of-breed REIT capital
structure - eProp, 06 August 2013 Growthpoint Properties has become
the first SA REIT to introduce a new capital structure, converting from complex
linked units to the straightforward ordinary share structure.
Resilient Property Income Fund H1 distribution up 12.83% to
136.23c - eProp, 06 August 2013 Resilient Property Income Fund
declares a distribution of 136.23c per linked unit in the six months to June.
Dipula Income Fund acquisitions improve rental income stream -
eProp, 05 August 2013 Dipula Income Fund today announced that its
acquisition drive has improved its rental income streams, with 14 properties
valued at some R1,4 billion transferring into its portfolio in the past 14
months.
Delta Property plans R1bn for acquisitions - Moneyweb, 05
August 2013 Delta Property Fund, which rents office space to the South
African government, plans to spend about half of a R2 billion fundraising plan
on acquisitions as demand grows.
Innovative design - The Podium Menlyn - Property24, 05 August
2013 Johannesburg Stock Exchange property company Emira Property Fund’s
Podium at Menlyn in Gauteng has been announced as the deserving winner of the
Fulton Awards Innovative Construction Award.
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ESTATE AGENT
NEWS |
To show or not to show your property - Property24, 07 August
2013 In today’s fast moving, tech-savvy property market, many real
estate professionals feel that show days are just not as effective as they once
were, says Dieter Harck, broker/owner of RE/MAX One Hundred, in Fourways
Johannesburg.
New home for elderly Ekurhuleni man - Property24, 07 August
2013 As part of the Mandela Day celebrations, the Ekurhuleni
Metropolitan Municipality (EMM) handed over a brand new home, a donation from
Trans Gariep Infra to 74 year old, Gadula Madonsela a veteran community
activist.
Engel & Völkers’ International Awards - Property24, 05
August 2013 Christian Völkers, CEO and Founder of Engel & Völkers
AG, extended an invitation to friends, colleagues and guests to attend the Engel
& Völkers International Awards ceremony in Majorca on 13 July.
Joburg clearance certificates an issue - Property24, 02 August
2013 Estate agents who rely on commission are facing a major financial
crisis because of the lengthy period it takes to get clearance certificates from
the City of Johannesburg council to facilitate property sales.
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SPECIFIC AREAS |
Kokstad homes selling from R400k - Property24, 07 August
2013 Named after the Griqua chief Adam Kok III, who settled in the area
in 1863, Kokstad is a town in the Sisonke District of the KwaZulu-Natal
Province.
Value for money homes in Northcliff - Property24, 06 August
2013 Residential property in Northcliff and surrounds fared better than
most Johannesburg suburbs in the 2008 to 2009 downturn.
New lifestyle homes in Parklands North - Property24, 06 August
2013 Property developers Anver and Carolyn of New Age Property
Developments have returned to the Parklands North area in Cape Town after the
completion of several successful developments around the country.
Heritage homes for sale in Swellendam - Property24, 05 August
2013 The town of Swellendam is known for its architectural gems and its
river and mountainside setting in the interior of the Cape Overberg
region. |
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INTERNATIONAL
PROPERTY NEWS |
Global shares fall on Fed tapering talk, Bank of England
policy - Business Day, 07 August 2013 Signs the US Federal Reserve
might trim its stimulus programme sparked a sell-off in world shares on
Wednesday, while uncertainty over the Bank of England’s future interest rate
policy unleashed a wave of volatility in UK markets.
Ireland property market recovering - Property24, 06 August
2013 According to figures released recently by the Central Statistics
Office, Irish property prices rose by 1.2 percent in the year to June 2013. This
is the first annual increase since January 2008.
IPD results show continued resilience of the Botswana property
market - eProp, 02 August 2013 According to the IPD Botswana Annual
Property Consultative Index, released today, the total return for all property
was 17.9% for the year to December 2012, compared with 20.9% for 2011.
JHI property management in Africa - Property24, 08 August
2013 The steady improvement of Zimbabwe’s economy over the past few
years, coupled with its move to dollarisation, has proven a catalyst for sound
business opportunities, says Rudolf Nieman, managing director of JHI Project
Management, a member of the Excellerate Property Services (EPS) group. |
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