| MARKET TRENDS |
IN
THE MARKETS: So far, Bank has nothing to show for rate hike –
Business Day, 05 February 2014
The degree of correctness of the Reserve
Bank's unexpected decision to hike rates by 50 basis points last week rests
largely on its inflation-forecasting models, with some economists saying the
move lacks clarity and disclosure, thereby causing undue confusion.
Interest
rates hike and your money - Property24, 05 February 2014
In
an unexpected move last week, the Reserve Bank of South Africa (SARB) hiked
interest rates by 50 basis points to 5.5 percent per annum from 5.0 percent as
of 30 January, as a result, commercial banks raised their prime lending and
variable mortgage rates to 9 percent per annum from the same date.
Rethinking
the plot - Moneyweb, 03 February 2014
Three months before a
crucial general election, in the face of predictable labour union opposition
(even when heavily otherwise occupied), days after the Chinese announced a Trust
(Lehman-like) bust was prevented by a belated bailout, and Turkey raised
interest rates an effective 4.25% (after Brazil and India in stages had raised
by 3% and 0.75% respectively), the South African Reserve Bank (Sarb) also felt
it necessary to raise rates by 0.5%, prime rising to 9%.
Can
SA expect a property bubble? - Moneyweb, 31 January 2014
Economists around the globe, are warning that history maybe repeating itself
far too soon and a global property bubble may be on the horizon.
More
interest rate hikes expected this year-economists - Moneyweb, 31
January 2014
If the rand continues to weaken the South African Reserve
Bank (Sarb) may continue to flex its muscle by increasing interest rates for the
first half of the year. On Wednesday in its first monetary policy meeting of the
year, the bank increased the repo rate by 50 basis points to 5.5%.
The
rate hike in context – why Gill really did it - Moneyweb, 31 January
2014
Reading the coverage of the Reserve Bank's decision to raise rates,
I've been struck by how (for want of a better word) parochial a lot of the local
coverage has been. Headlines like "Interest rate hike to have 'moderate effect'
on economy," "Rate hike a blow to housing market?" and "Rand 'recovers' after
rate hike surprise," make it seem like the Reserve Bank's decision to hike rates
was a primarily domestic decision, motivated purely by South African concerns
and of interest only in so far as it affects the local economy. But I don't
think that's true. |
|
| GENERAL PROPERTY
NEWS |
6
ways to become a savvy investor - Property24, 05 February 2014
Investors facing yet another year of low returns, capital erosion due to
high inflation and ongoing volatility in the markets will be looking for a
smarter way to invest in 2014.
Minister to deliver
1m new homes - Iafrica.com, 04 February 2014
Human
Settlements Minister Connie September says she has formed a task team to look at
ways in which her department can work with banks to deliver one million homes
over the next five years.
Infrastructure
key to Africa growth - Property24, 04 February 2014
Well-functioning infrastructure, agriculture and an end to conflicts will be
critical for Africa to achieve its full potential economic growth, President
Jacob Zuma said on Friday. |
|
| RESIDENTIAL
PROPERTY NEWS |
Local
and foreign buyers in Cape Town - Property24, 06 February 2014
After six years of bearish conditions in the residential property market,
there is no question that the market has now entered an upward trend.
Weak rand good for
luxury property - Iafrica.com, 04 February 2014
The weak rand
is adding fuel to the SA luxury property purchasing fire as high net worth
investors turn to bricks and mortar as a store of value.
House
prices grow at a more moderate pace in January - eProp, 03 February
2014
House prices grew at a more moderate pace in January‚ as measured
by the First National Bank (FNB) house price index‚ but the bank believes this
has nothing to do with January's surprise rate hike. FNB's monthly house price
index rose to 7.9% year on year in January‚ slightly lower than the revised 8.2%
registered in December.
Rate
hike to dampen housing market - FNB - Moneyweb, 03 February 2014
The housing market was gathering momentum at the end of 2013 but the recent
interest rate hike will put paid to further price increases this year, First
National Bank said on Monday.
Best
forms of investment in South Africa today - eProp, 03 February
2014
Residential rental returns and capital growth are by no means
uniform in south africa – and investors should realise this.
Are
you buying property? Read this - Property24, 03 February 2014
Apart from interest rates and home prices, property buyers should consider
area price trends, possible renovation costs, transfer costs and finance.
Trends
in residential property yields - Property24, 31 January 2014
After slow house price growth from 2008 to late-2011 had allowed rentals to
play some mild catch-up with residential property values, resulting in rising
gross yields over much of that period, a period of improved house price growth
performance through 2012 and the first half of 2013 translated into a resumption
of yield compression (decline). |
|
| COMMERCIAL
PROPERTY NEWS |
Sought-after
Johannesburg office nodes - Property24, 06 February 2014
Office demand is tracking closer to Gautrain stations across Johannesburg's
prime northern nodes of Sandton, Rosebank and Bryanston as both new development
and re-development projects seek to optimise access to both public and private
transport options.
SACSC
Research Conference in Sandton - Property24, 06 February 2014
The South African Council of Shopping Centres (SACSC) will host its fourth
annual Research Conference, sponsored by Broll Property Group, for retail real
estate professionals and retailers seeking to keep ahead with the latest retail
trends.
Westmead
ensures its ongoing popularity as a key industrial node - eProp, 05
February 2014
Pinetown, with its strategic location between Durban and
Pietermaritzburg, and easy access to the N3 as well as other key routes to the
north and south coasts of KwaZulu-Natal, has always been extremely popular as an
industrial hub, says Nigel Atherstone, JHI Properties KwaZulu-Natal leasing and
sales consultant.
Positive
signs for industrial property market in some Cape Town nodes - 05
February 2014
Baker Street Properties reports a 7% decline in vacancies
in the greater Cape Town area up to the third quarter of 2013.
Office
Park refurbishments secured existing blue-chip tenants - eProp, 03
February 2014
Intaprop has wasted no time refurbishing the well-located
Equity Office Park in Pretoria - which the company acquired just one year ago -
and renewing key tenant leases.
SA
malls and the 2013 festive season - Property24, 03 February 2014
South African shopping centres experienced an eventful 2013 festive season
with their biggest trading month affected by a number of unexpected events, the
most impactful being the passing of former president Nelson Mandela.
Buying
London commercial property - Property24, 03 February 2014
Commercial property investments in London continue to attract buyers and
investors with investment volumes recording a six year high of £19.9 billion in
2013.
Interest
rates may impact commercial property sector - eProp, 30 January
2014
The decision by the Monetary Policy Committee to increase interest
rates may be unfortunate for the commercial property sector.
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