| MARKET TRENDS |
Let’s keep our ratings right - Business Day, 31 October
2013
With South Africa’s sovereign rating in the spotlight, there was a
little-noticed cautionary tale earlier this week involving one of our
neighbours.
SA’s economy still faces considerable challenges - Business
Day, 31 October 2013
South Africa faces considerable challenges as the
growth and inflation outlooks have deteriorated while structural problems are
increasingly being exposed, says Old Mutual Investment Group South Africa
(Omigsa). |
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| GENERAL PROPERTY
NEWS |
Tolls to cause mass tenant migration - Property24, 30 October
2013
The introduction of e-tolling is set to cause a major upheaval in
the Gauteng property market, and especially in the rental sector.
Lonmin donates land for housing - Property24, 30 October
2013
Lonmin mine has donated 50 hectares of land, consisting of serviced
stands, to be used for housing in the greater Marikana area.
R2bn European Investment Bank support for SA affordable and social
housing - eProp, 30 October 2013
The European Investment Bank (EIB),
Europe’s long-term lending institution, has agreed to provide a further R2bn for
investment in affordable and social housing in South Africa.
Standard Bank signs R400m affordable housing agreement -
eProp, 30 October 2013
Standard Bank is making available up to R400m for
the financing of affordable housing developments in SA.
New rooftop market to launch in Jozi - Property24, 29 October
2013
The Finders Keepers market is a new attraction which will be
launched on the covered upper deck parking of the Rosebank Mall on 3 November
2013. This trendy shopping meander will be a hotspot for tourists and locals who
are eager to experience Jozi’s energy and pulse.
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| RESIDENTIAL
PROPERTY NEWS |
Get pre-qualified for a home loan - Property24, 31 October
2013
The South African property market is healthier than it has been in
years resulting in a great deal of market activity and many buyers looking to
obtain home loans.
World's priciest home rental locations - Property24, 31
October 2013
The City of Nairobi in Kenya in Africa recorded the largest
increase in prime rents, rising by 24.2 percent over the last 12 months while
the world’s key financial centres of New York and London were the weakest
performers, recording annual rental falls of 2.9 percent and 3.0 percent
respectively.
What to do about bad landlords - Iafrica.com, 31 October
2013
In the South African property market today, says Tony Clarke,
Managing Director of the Rawson Property Group, there are numerous systems for
checking the track record and financial standing of a potential tenant - and
these are widely used because they have proved highly effective.
Landlords pay your own municipal bills - Property24, 31
October 2013
Landlords and managing agents of residential properties
should keep control of water and electricity accounts and not allow these to be
sent directly to the tenant.
71 percent of tenants pay rent on time - Property24, 29
October 2013
The Tenant Profile Network (TPN) Q2 2013 shows the highest
percentage of tenants in Good Standing since the inception of TPN’s Rental
Monitor in 2007. |
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| COMMERCIAL
PROPERTY NEWS |
Shopping in the Cape Town CBD - Property24, 30 October
2013
Retail in the Cape Town CBD is booming, but like all property, it
is about location, location and location. The Cape Town Central City Improvement
District (CCID) recent survey about living, working and playing in the city
shows a love of public space such as The Company’s Garden and pedestrianised
thoroughfares such as St George’s Mall.
SAPOA investigates economic risks of development process delays in
the Western Cape - eProp, 30 October 2013
Concerned about slow
development processes in the Western Cape, the South African Property Owners
Association (SAPOA) has commissioned a ground-breaking study into the value of
the private property sector in the province – and the economic costs of
inefficient property development processes.
Nyanga Junction Shopping Centre set for complete makeover -
eProp, 28 October 2013
Fairvest Property Holdings owned, Nyanga Junction
Shopping Centre destined for a complete makeover. The 10,000 square metre
shopping centre, situated at Nyanga train station has some major changes coming
its way in the form of new retail tenants and a total refurbishment.
Demand for big box warehousing grows in Gauteng - eProp, 28
October 2013
Big box warehousing typical of a number of new industrial
builds either in the pipeline or currently underway, are proving to be a popular
choice for companies looking for efficient storage options.
Shopping malls step up their security game - Moneyweb, 27
October 2013
SA’s retail sector, in co-operation with security and
intelligence forces, is fast becoming a close knit business community, as it
protects the interests of consumers, employees, and stakeholders against
crime. |
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| LISTED PROPERTY
NEWS |
Redefine Properties attributes 7.3% distribution growth to
acquisitions - eProp, 31 October 2013
Redefine Properties today
reported distribution growth of 7.3% to investors for the year ended 31 August
2013, outperforming expectations. Redefine’s net asset value increased by 8.6%.
Delta Properties shows its colours - Moneyweb, 30 October
2013
Delta Properties' interim results show asset growth, low vacancy
rates and good distribution to unit holders. The company has received JSE
approval for real estate investment trusts (REIT) status from March 2014, after
making its debut in the property market only last year.
Redefine International completes inward listing on JSE -
eProp, 29 October 2013
Redefine International completes its inward
listing on the JSE’s main board. The listing follows a group restructuring to
facilitate South African direct investment in Redefine International‚ the
company said on Monday.
Octodec and Premium Properties look set for growth - Moneyweb,
24 October 2013
While the imminent merger between Octodec and Premium
Properties is awaited, following Premium Properties conversion to REIT on 1
March, the group will continue to add asset value for unit
holders. |
|
| ESTATE AGENT
NEWS |
RE/MAX Oaktree celebrates 14 years - Property24, 31 October
2013
This year marks the 40th anniversary of the RE/MAX brand making it
that much more special that RE/MAX Oaktree recently celebrated 14 years of
continued success.
EAAB’s 2014 audit requirements - Property24, 29 October
2013
The Institute of Estate Agents, Western Cape, has had many
enquiries from estate agents regarding the Estate Agency Affairs Board’s
requirements for the 2014 audit, says Annette Evans, regional manager for the
Institute.
Agent deadline for NQF4 extended - Property24, 25 October
2013
Certain members of the real estate marketing sector heaved sighs of
relief when the Estate Agency Affairs Board (EAAB) recently announced that the
January 2014 deadline for all unqualified estate agents to achieve their NQF4
qualifications had been extended to June 2015.
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| SPECIFIC AREAS |
Buying a farm in the Klein Karoo - Property24, 31 October
2013
The iconic agri-properties of the Klein Karoo, especially in
Barrydale and Ladismith, offer some of the best value seen over the past decade,
with demand for such properties on the increase.
Seaside holiday homes in Vermont - Property24, 31 October
2013
The coastal holiday enclave of Vermont, which borders on Onrus on
the outskirts of Hermanus, is a seaside gem for holiday home buyers.
Property in Meyersdal Alberton - Property24, 29 October
2013
Situated on the East Rand of Gauteng is the residential town of
Alberton, which celebrated its centenary in 2005. Alberton is a well established
town that is unique in that it has no other reason for its location other than
its proximity to the Johannesburg Central Business District.
Buying Western Cape beach properties - Property24, 25 October
2013
With the summer season already upon us, many buyers will be looking
to snap up bargains and value for money homes in the Western
Cape. |
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| INTERNATIONAL
PROPERTY NEWS |
Sub-Saharan growth to pick up in face of global headwinds, says
IMF - Business Day, 31 October 2013
SUB-Saharan growth is expected
to pick up in 2014, despite the global headwinds that have moderately lowered
the region’s performance in 2013, the International Monetary Fund (IMF) said on
Thursday.
Bank of Japan lifts growth forecast, holds line on inflation -
Business Day, 31 October 2013
The Bank of Japan stopped short of
officially forecasting it could raise inflation to 2% in two years after a
review on Thursday, but said it was on track to reach its target and would
maintain its massive stimulus as long as needed.
FED maintains stimulus - Moneyweb, 30 October 2013
The
US Federal Reserve kept its stimulus program in place as expected Wednesday, but
reiterated the government's fiscal policy is a drag on the economy.
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