| MARKET TRENDS |
Household wealth and disposable income - Property24, 03
October 2013
According to the Momentum/UNISA Q1 2013 Wealth Report South
African households experienced a sharp decline in the pace at which their net
wealth grew in the first quarter of 2013.
SA vulnerable to tapering - Fitch - Moneyweb, 02 October
2013
Fitch Ratings says in a newly-published report that Sub-Saharan
African (SSA) countries reliant on short-term capital flows to finance large
current account and budget deficits are most at risk to tightening global
liquidity conditions. Kenya, South Africa and Ghana are among the most
vulnerable.
SA's debt could grow to 63% of GDP by 2020 - IMF - Moneyweb,
01 October 2013
South Africa should set a debt target to improve the
credibility of its fiscal policy as slower economic growth makes it difficult to
keep the budget deficit under control, the International Monetary Fund said.
SA consumers realistically subdued - Moneyweb, 30 September
2013
South African consumers strongly reduced their expressed confidence
levels in 3Q2013, more than undoing their positive blip of the previous quarter,
and reinforcing the down trend already underway for three years since late 2010.
Credit amnesty may have negative implications for high-net worth
property owners - eProp, 26 September 2013
Although the impending
credit amnesty is aimed at making it easier for credit adverse individuals to
obtain finance, South African banks are likely to become even more conservative
as lenders have placed huge reliance on credit information from the credit
scoring agencies. |
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| RESIDENTIAL
PROPERTY NEWS |
Distressed home? Help at hand - Iafrica.com, 03 October
2013
While the distressed property situation in South Africa has
improved since the beginning of the year, assisted by steady price increases in
the lower price ranges and a resolve from homeowners to reduce their levels of
debt, they are still very much a part of the new property landscape that we find
ourselves in.
ST trustee election and nomination - Property24, 03 October
2013
Sometimes there are errors in judgement made by the current
trustees in a sectional title scheme, or there may be disagreements about the
running of the scheme and the owners want to drive changes by nominating others
to step in.
Feel at home in your new neighbourhood - Property24, 03
October 2013
When you buy a new home, you’re also taking ownership of
your place on a street and in a community. Get to know your neighbours.
Introduce yourself to the people in the houses or apartments on either side of
yours, as well as opposite, if there is one.
Home loans and mortgage originators - Property24, 02 October
2013
Owning a home improves one’s life, that of one's family, sense of
self-worth and reinforces the breadwinner’s determination to earn enough to keep
up monthly bond repayments.
Making your best investment - Iafrica.com, 01 October 2013
For the majority of consumers, purchasing a property will be the single
largest investment they will ever make. |
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| COMMERCIAL
PROPERTY NEWS |
Retailers line up for position at R600m Heidelberg Mall -
eProp, 02 October 2013
Heidelberg Mall, set to open in October 2014, is
already attracting a powerhouse of leading retailers a full year before it
opens, including some of South Africa’s most popular national stores.
Commercial property in Johannesburg - Property24, 01 October
2013
The current commercial property market in Johannesburg is a
microcosm of the income disparity in our country, marked by a widening gap
between A and B grade buildings, which is creating a dichotomy of products and
related vacancy rates.
Positive signs emerging in cape industrial property market -
eProp, 30 September 2013
Over the past 6 months some positive signs,
albeit small, have finally been seen in the industrial property market in the
Greater Cape Town area. |
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| LISTED PROPERTY
NEWS |
Re/Max gains after $220million IPO - Moneyweb, 02 October
2013
Re/Max Holdings Inc., a franchiser of real estate brokerages,
jumped on its first day of trading after raising $220 million in an initial
public offering.
Redefine offers Hyprop shares for larger Fountainhead stake -
Moneyweb, 02 October 2013
Redefine Properties Ltd., South Africa’s
second-biggest property company, plans to increase its stake in Fountainhead
Property Trust by acquiring as many as 250 million participatory units in an
all-share deal.
Growthpoint Properties announces R1.3bn accretive acquisition
- eProp, 02 October 2013
Growthpoint Properties today announced it will
acquire Abseq Properties (Pty) Ltd, which owns and manages a portfolio of 17
high-quality office properties in northern Johannesburg and Woodmead.
Attacq to list on JSE soon - Moneyweb, 26 September 2013
Attacq, previously Atterbury Investment Holdings, aims to raise up to R800m
in a private placement prior to its listing on the JSE in October.
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| ESTATE AGENT
NEWS |
Century 21 launch new global website - Property24, 03 October
2013
Century 21 Real Estate LLC has announced the launch of the new
Century 21 global website at Century21global.com. The new website will provide
consumers around the world with centralised access to all Century 21 property
listings.
Agent PDE preparatory workshops - Property24, 02 October
2013
Even though the deadline has been extended to 2015 for some estate
agents to write their PDEs, it would be wise to get it done now, and not wait
until the eleventh hour to complete it.
Century 21 enters Gap housing market - Property24, 01 October
2013
Century 21 Gap Properties has been in the making for almost two
years and will focus on the marketing and selling of ‘Gap’ housing.
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| SPECIFIC AREAS |
Sedgefield new homes development - Property24, 02 October
2013
The dream for many South Africans is to own a plot on the scenic
Western Cape Garden Route and one day build a holiday retreat or a retirement
cottage at the sea or even relocate permanently.
Stellenbosch property buoyant - Property24, 01 October
2013
Although student housing tends to be the most talked-about type of
property in Stellenbosch, particularly at this time of year, other sectors of
the market are also doing well.
Good value Centurion East property - Property24, 30 September
2013
Property trend analysts have tipped Centurion East as one of the
precincts where property value is rising ahead of the average.
New mixed-use development in Umhlanga - Property24, 30
September 2013
Historically, Umhlanga Village, with its beautiful
beachfront, pavement cafes, open air pubs and restaurants and more traditional
feel, was far away – both literally and figuratively, from its more chic cousin
over the hill, the Gateway Theatre of Shopping.
Melkbosstrand’s coastal village homes - Property24, 27
September 2013
Thirty five kilometres outside of Cape Town lies the
coastal village of Melkbosstrand. Close enough to the city for a daily commute,
the area offers residents the best of both worlds - a seven kilometre stretch of
white beach and the proximity of the West Coast National Park while still being
close to all that the Mother City has to
offer. |
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| INTERNATIONAL
PROPERTY NEWS |
Fed easing fears compound slowing growth in China and India -
Business Day, 03 October 2013
A slowdown in China and India is
reverberating across the region with the Asian Development Bank forecasting an
easing of expansion this year, putting pressure on policymakers to take steps to
bolster the countries’ economies.
Bank CEOs warn of US shutdown consequences - Moneyweb, 02
October 2013
Chief executives from major financial institutions met with
President Barack Obama on Wednesday and warned of "adverse" consequences if
government agencies remain closed and if lawmakers failed to raise the U.S. debt
ceiling by mid-October.
United Arab Emirates property market - Property24, 02 October
2013
The United Arab Emirates (UAE) is the financial centre of the
Middle East and according to the press buzz the residential market there is on
the rise.
White House orders government agencies to begin shutting down
- Moneyweb, 01 October 2013
The U.S. government began a partial shutdown
on Tuesday for the first time in 17 years, potentially putting up to 1 million
workers on unpaid leave, closing national parks and stalling medical research
projects.
US Senate again rejects House Republican spending bill -
Moneyweb, 01 October 2013
The Republican-led U.S. House of
Representatives late on Monday approved another emergency funding bill that the
Democratic-led Senate is certain to reject, moving the government closer to a
Tuesday shutdown.
Broll backs Auas Valley Shopping Centre re-development in
Namibia - eProp, 30 September 2013
Furthering the growth of formal
retail on the African continent, Namibia’s Auas Valley Shopping Centre is
undergoing a huge upgrade with Broll Namibia at the helm of leasing, bringing
the latest local and international retail concepts to the region’s consumers.
What would happen if the US government shuts down? - Moneyweb,
29 September 2013
A U.S. government shutdown is possible on Oct. 1, the
first day of fiscal 2014, because Congress has so far failed to find a way to
pay for it. |
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