| GENERAL PROPERTY
NEWS |
Help
for low-cost homes construction - Property24, 13 March 2014
In his recent State of the Nation Address, President Jacob Zuma said that
about 3 million housing units had been delivered since 1994 and that nearly 500
informal settlements had been replaced with quality housing over the past five
years.
Would
you move house to avoid e-tolls? - Property24, 12 March 2014
In almost every social conversation I have, the issue of e-tolling in
Gauteng is a contentious issue. For many, it is not that they do not necessarily
want to pay, consumers are under a lot of financial stress and adding tolls is
like adding salt to a wound.
Cape
Town overhauls development plan application process - eProp, 11 March
2014
Submitting building plans is set to become easier, faster and
paperless, with the City of Cape Town's overhaul of the current development plan
application process.
Unplanned
outages expected to reduce going into winter - eProp, 10 March
2014
Eskom CEO Brian Dames says the country's power system remains
"vulnerable" but unplanned outages will reduce going into winter.
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| RESIDENTIAL
PROPERTY NEWS |
TPN
reports declining tenant payment behaviour and warning flags into
2014 - eProp, 13 March 2014
The final quarter of 2013 saw a
worsening in residential rental performance, marking a worrisome change in
tenant payment behaviour for the first time in nearly three years.
Avoid
property rental blunders - Property24, 13 March 2014
There is
currently a high demand for rental properties, particularly at the lower end of
the residential property market. Frequently a prospective tenant will have
credit checks done by the agent on completion of their application form and
perhaps the necessary references done, but because of the particular
circumstances of the tenant, they are sometimes given occupation of the property
prior to the deposit or first month's rent being paid.
Land
values and home affordability - Property24, 12 March 2014
According to the Absa Housing Review Q1 2014 report, the value of land for
new housing in the middle and luxury segments increased by a nominal 4.2 percent
year-on-year (y/y) to an average of about R536 000 in Q4 2013 down from 9.1
percent y/y in the preceding quarter.
Buying
a home in an established area - Property24, 12 March 2014
When it comes to buying property, there are a number of aspects that buyers
need to consider, such as deciding to buy a new home in a developing
neighbourhood or an old home in a more established area.
Rand
weakness impact on property - Property24, 11 March 2014
2013
ended with various residential property numbers looking positive. In the FNB
Estate Agent Survey for the 4th quarter, the residential activity rating was up
once more, and a significant number of agents reported residential stock
constraints in their areas.
Transfer
duty reflects solid market - Property24, 10 March 2014
The
January South African Revenue Services data and the property transfer duty
revenue component confirms various other data which still points to a solid
property market of late.
Township
property prices rose by 7.6% - Property24, 10 March 2014
Although expected to remain in single-digit growth in 2014, the areas
formerly classified as "Black Township Areas" under Apartheid Era
classifications outperformed the former White "Suburbs" in terms of house price
growth late in 2013, albeit only marginally.
Advice
for buying retirement property - Property24, 10 March 2014
While there are many options for retirement buyers to choose from, such as a
house on the countryside or along the coast, investing in a purpose-built
retirement complex or village in the Gauteng region of South Africa is also
becoming increasingly popular.
How
do you know you're ready for that mortgage? - Moneyweb, 07 March
2014
So you've been working for a few years and it's time to reconsider
your options – continue renting or buy property. In an economic environment
expecting higher interest rates, it's hard enough to buy property for the
two-income household, let alone for single, working people. |
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