| MARKET TRENDS |
Correction warning as markets rebound - Business Day, 20
September 2013
Gold and platinum shares rocketed on the JSE on Thursday
on news that the US Federal Reserve (Fed) would not begin tapering its
bond-buying programme as expected, but analysts warned that the run was an
overreaction and that markets would correct themselves in the short term.
Consumer credit health declines further, TransUnion index
shows - Business Day, 19 September 2013
The TransUnion consumer
credit index declined to 43.4 in the third quarter, from 44.8 in the previous
quarter — reflecting a nearly three-year downward trend in the index, which has
fallen from 63.6 in the fourth quarter of 2010.
Rate reprieve as Marcus freed by rand rally - Moneyweb, 19
September 2013
Investors are scaling back bets that the South African
Reserve Bank will be forced to raise interest rates in the next year as a
rebound in the rand eases pressure on inflation.
|
|
| GENERAL PROPERTY
NEWS |
SA building confidence at highest level in five years - eProp,
19 September 2013
The First National Bank (FNB) and Bureau For Economic
Research (BER) building confidence index increased by seven index points to 48
in the third quarter of 2013, from 41 in the second quarter.
SA title deeds backlog over 1 million - Moneyweb, 16 September
2013
More than a million RDP home owners do not have their title deeds,
the DA said on Sunday. This had been revealed in a reply to a parliamentary
question, Democratic Alliance MP Patty Duncan said in a statement.
1000 houses handed over in Mpumalanga - Property24, 16
September 2013
Mpumalanga Premier David Mabuza has handed over 1 000
houses that were built as a result of his service delivery intervention.
City to decide on Gupta home alterations - Moneyweb, 15
September 2013
The City of Johannesburg was deciding whether a Gupta
family home in Saxonwold needed alterations, a spokesman said on Saturday.
Western Cape tops hospitality sector - eProp, 13 September
2013
The Western Cape has proven to be the best in the country when it
comes to tourism and hospitality after the province came tops during the
inaugural Lilizela Tourism Awards held in Pretoria on Thursday night.
Joburg West shopping centres subject to land claim - eProp, 13
September 2013
One of the biggest shopping malls and a large portion of
suburbs west of Johannesburg could be the subject of a land claim if Parliament
pass a draft bill on land restitution into
law. |
|
| RESIDENTIAL
PROPERTY NEWS |
Top property rental locations in SA - Property24, 20 September
2013
For those buying to let, knowing where to buy and who to target as
tenants is key if you are to make money from your property.
Offsite monitoring saves big money for estates and office
parks - eProp, 19 September 2013
Secure housing estates and business
parks have become a common sight in most neighbourhoods throughout South Africa.
Buying and selling property in SA - Property24, 19 September
2013
The South African housing market is in a much healthier position
than in 2009 and even 2010 when market activity was buoyed by the positive
sentiment of the FIFA Soccer World Cup, says Seeff chairman, Samuel Seeff.
Property upgrades and maintenance - Property24, 19 September
2013
The FNB Estate Agent Survey points to improved home maintenance
levels. According to the bank survey, during the financial crisis of 2008/9, and
in the aftermath, the low levels of maintenance on distressed properties had
become a problem for the banking sector, because it effectively meant that in
many cases homes had not held the value required to fully back the value of the
mortgage loan.
Get properties checked properly - Moneyweb, 17 September
2013
Buying a home is a big decision and sometimes you may be buying
more than you bargained for if there are defects on the property that you’re not
aware of. While the Consumer Protection Act can protect buyers when purchasing a
home, it’s still a grey area with very little case law behind it.
Buy the house you love - Iafrica.com, 17 September 2013
Given the fact that property should be viewed as a long term investment, it
is essential for potential buyers to choose the right home that works for them
and their lifestyle, as they may be there for some time, says Adrian Goslett,
CEO of RE/MAX of Southern Africa.
Making an offer to purchase... - Iafrica.com, 13 September
2013
Once a buyer has found the home that they want to purchase, they
need to take the next step - filling out the paperwork and making an offer to
purchase. |
|
| COMMERCIAL
PROPERTY NEWS |
Northmead Mall undergoes R30m refurbishment - eProp, 20
September 2013
The 1st phase of the refurbishment, representing an
investment of close on R 30million, will be completed by November 2013, while a
2nd phase focusing on the introduction of additional parking facilities and a
centralised Food Court, will commence early next year.
Joburg industrial property market - Property24, 20 September
2013
Demand for industrial property has been relatively weak with the
current period mainly driven by manufacturing and retail companies taking up
existing space in large standard units.
SAPOA ensures South African input on global property standard
- eProp, 17 September 2013
SAPOA is at the vanguard of a new initiative
to create global property measurement standards for property investors and users
alike as part of the International Property Measurement Standards Coalition
(IPMSC).
Retailers see potential of Cape Town CBD - eProp, 16 September
2013
International and local high-end retailers have been flocking to
Cape Town’s central business district to set up shop as the appetite for luxury
goods continues to grow.
Excellerate Property Services continues growth through Africa
- eProp, 13 September 2013
Excellerate Property Services (EPS), which
was formed following the Excellerate group’s acquisition of a stake in JHI
Properties in 2010, continues on its focused, strategic growth path, says Marna
van der Walt, who was appointed CEO of EPS in October 2012.
|
|
|
|
| ESTATE AGENT
NEWS |
Property sector gets its house in order - Moneyweb, 20
September 2013
A plague in the property industry for decades, the lack
of regulatory control and skills shortages is being addressed, albeit slowly.
Rawson Property expands to Waterkloof - Property24, 20
September 2013
The Rawson Property Group’s expansion into Greater
Tshwane, where they already have seven franchises, has taken a step further by
awarding Lee Bezuidenhout and Bertie Lombard the franchise for the prestigious
Waterkloof area, which along with Mooikloof, Silver Lakes and Woodhillare
considered Pretoria’s most upmarket suburbs.
Ennik Estates opens corporate rentals - Property24, 19
September 2013
“Corporate rental demand is so firm that if I had 15
prime Sandton cluster homes in my portfolio right now they would quickly find
top quality tenants – each at around R45 000 a month.”
|
|
| SPECIFIC AREAS |
Investment property on Sapphire Coast - Property24, 20
September 2013
Property investors with a sharp eye for good
opportunities stand to benefit from sound investments on KwaZulu-Natal’s
Sapphire Coast in anticipation of rocketing housing demand when construction of
the multi-billion rand dug-out harbour gets under way.
Bedfordview's luxury homes & location - Property24, 19
September 2013
The luxury sector of the property market in Bedfordview
is alive again after almost four years in the doldrums. This is according to
Chas Everitt International area specialist, Luz Dias, who says there have been
more than 20 sales in this sector in the past three months, and the number of
enquiries for homes in the R5 million to R6 million price range has more than
doubled since this time last year.
ST apartments in CT’s Southern Suburbs - Property24, 18
September 2013
The Southern Suburbs of Cape Town are synonymous with
family homes, top schools and international sporting and medical facilities.
However, large houses on substantial grounds are not the only property on offer.
Tranquil coastal Sedgefield homes - Property24, 17 September
2013
Home sales have picked up in most Garden Route towns this year but
things have moved really fast in Sedgefield, officially the only Cittaslow Town
in South Africa. |
|
| INTERNATIONAL
PROPERTY NEWS |
Winners and losers from the Fed's surprise decision -
Moneyweb, 19 September 2013
The U.S. Federal Reserve turned the table on
investors, making big winners out of some nimble buyers and losers out of those
who had expected policymakers to follow through on hints of a cut in their
support for markets.
Greece showing signs of recovery, says finance minister -
Business Day, 19 September 2013
Greece’s economy is inching towards
recovery, Finance Minister Yannis Stournaras said on Thursday before a visit by
foreign lenders and as unemployment registered its first quarterly fall in
almost four years.
London to get "Toast Rack" skyscraper - Moneyweb, 17 September
2013
London's eclectic skyline already boasts the Gherkin and the
Cheesegrater, and now it could be joined by a skyscraper that looks like a toast
rack. |
|
