| GENERAL PROPERTY
NEWS |
Infrastructure
development in SA - Property24, 13 February 2014
There is an
old adage that says "justice delayed is justice denied". Can the same be said of
infrastructure development; is infrastructure delayed infrastructure denied?
Mauritian
property bets pay off for SA investors - eProp, 12 February 2014
South Africans who have in recent years bought holiday pads in Mauritius,
typically with price tags exceeding R10m, have been handsomely rewarded on the
capital growth front.
R101m
development project for Ekurhuleni - eProp, 11 February 2014
Ekurhuleni Executive Mayor Mondli Gungubele has launched a R101 million ward
based project aimed at creating jobs and fighting poverty in the region.
Tongaat
Mall Commission of Inquiry brought to a halt - eProp, 11 February
2014
The Presiding Officer of the Tongaat Commission of Inquiry,
Phumudzo Maphaha, has brought the proceedings to a premature halt today to allow
for parties to sort out representation and issues of conflict of interest.
Foreign
visitors to boost tourism - Property24, 11 February 2014
The
2013 fourth quarter results of the Tourism Business Council of South Africa
(TBCSA) FNB Tourism Business Index (TBI) show that the industry experienced
another good quarter with an above average performance of 114.6 against the
110.8 it expected. This positive result consolidated a year in which only one
quarter, Q2, saw performance marginally below normal.
The
hidden costs of Mathabathe - Moneyweb, 10 February 2014
Some
are interpreting the Supreme Court of Appeal's decision in the City of Tshwane v
Mathabathe case to mean that a purchaser of immovable property can be held
liable by a municipality for any unpaid municipal debts of the seller. This
article examines the 'hidden costs' of the Mathabathe judgment.
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| RESIDENTIAL
PROPERTY NEWS |
Foreigners
snap up homes in Cape Town - Property24, 13 February 2014
Buoyed by the weak Rand, the notable increase in foreign visitor numbers to
the Cape this summer has been a boon for the tourism sector. This is according
to Ian Slot, Seeff's managing director for the Atlantic Seaboard, City Bowl and
CBD, who says property too has seen a significant spike in business.
Status-driven
Gauteng property buyers - Property24, 13 February 2014
We
have heard it all before, why people sell property, however, some of the reasons
include change in demographics, economic state, emotional state, lifestyle and
security, explains Jonathan Davies, Pam Golding Properties joint area manager at
the Hyde Park office.
Absa
housing review for first quarter 2014 - eProp, 12 February 2014
The South African economy is estimated to have grown by less than 2% in
2013, with third quarter growth recorded at a seasonally adjusted annual rate of
only 0,7%.
Buying
a home to renovate? Read this - Property24, 12 February 2014
With the slight upturn in the economy, agents are once again finding that
home buyers are buying to renovate, and there seem to be more people renovating
their existing homes.
Reasons
for investing in buy-to-let - Property24, 11 February 2014
Recent reports from TPN (Tenant Profile Network) on the residential rental
market explain why buy-to-let buys have increased so significantly over the last
year.
Writing
on wall for bad tenants - Iafrica.com, 11 February 2014
Residential rentals are rising due to a growing shortage of rental stock and
things are looking up for landlords. So says Jan Davel, MD of the RealNet estate
agency group, who notes that only about one in 10 properties being purchased at
the moment is intended as an investment property that will be let.
Renting
still cheaper option for many - Property24, 10 February 2014
In many parts of the country, demand for rental property is expected to
continue especially for well-located properties. This demand for rental
properties will also drive up yields and what one saves on transport, you will
eventually pay towards rent, according to residential property experts.
SA
black homeownership escalates - Property24, 10 February 2014
Major investments into the affordable housing sector, coupled with the rapid
growth of the black middle class and the continued historic rise in black
homeownership, is set to see unprecedented levels of African families owning
homes in 2014.
Residential
property market in 2014 - eProp, 07 February 2014
Total
year-on-year national house price growth was recorded at 7.4% at the end of
December 2013 which was 0.15 % above Lightstone's optimistic forecast for last
year. This was on the back of expected sluggish economic growth of 2%, a CPI
rate nearing the 5.8% mark and prime interest rates at 8.5%.
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