Property News |
02 March 2012
It seems that there is a long and winding road ahead for Julius Malema. Dont we in the real estate industry know too well about this road?
The real estate industry has reasons this week to be excited as it seems that South Africas economic growth is improving;
The number of liquidations in January decreased by 36.1% year-on-year, Statistics South Africa (Stats SA) reported on Monday. It attributed the decline to a 48.1% decrease in the number of voluntary liquidations. Liquidations down 36% in January Stats SA
"The seasonally adjusted real GDP at market prices for the fourth quarter of 2011 increased an annualised rate of 3.2% compared with an increase of 1.7% revised from an increase of 1.4% during the third quarter of 2011," Stats SA's executive manager of national accounts, Gerhardt Bouwer, said on Tuesday. The 3.2% was slightly better than the market expectation of a 3.1% quarter-on-quarter increase. South Africa: GDP rises to 3.2% in 2011 fourth quarter
In the news this week the Auction Alliance scandal;
- Four banks, Investec, FNB, ABSA and Nedbank stopped trading with Auction Alliance
- CEO Rael Levitt will step down with immediate effect, the company announced on Monday
- Levitt has denied all the allegations
- He stood by the company's belief that "ghost bidding" is 100% lawful" to protect reserve prices
Headlines: "We've temporarily suspended giving work to Auction Alliance and are reassessing our relationship with them," Ciaran Whelan, global head of risk at Investec, told The Star newspaper. Banks dump Auction Alliance
Market news: The FNB house price index showed a further slight acceleration in February, increasing 6.6 percent in nominal terms on an annualised basis, from the revised 6.1 percent in January. This is the highest year-on-year growth since July 2010, the bank said on Thursday in its monthly house price index report. Real home prices up slightly
Property Count: 02/03/2012|
|Real home prices up slightly|
The FNB house price index showed a further slight acceleration in February, increasing 6.6 percent in nominal terms on an annualised basis, from the revised 6.1 percent in January...
|Standard Bank dropping late bond cancellation charges|
One of South Africas big four banks, Standard Bank, has decided to refund the clients extra fees (notice interest) previously charged if they cancelled their bonds without giving three months notice provided that they apply for a new bond with the same bank within six months of the cancellation...
|Banks dump Auction Alliance|
Two banks have stopped trading with Auction Alliance, which has been accused of paying kickbacks for preferential treatment, it was reported on Wednesday...
|Comment on auction practices|
The countrywide publicity given to alleged unethical practices by a leading SA auctioneering group have had the unfortunate result of creating the impression that such practices are widespread in the auction world but this is very far from being the case, says Tanya Jovanovski, principal of Rawson Auctions Western Cape franchise...
| Consider the option to buy option|
There are several good reasons to pay a deposit when you buy a home, among them the fact that you will have a smaller bond repayment to make each month and that you will save a mint in interest over the life of your home loan...
|Foreigners find it difficult to qualify for bonds|
Foreigners, some of whom have high level qualifications and skills and who could, therefore, be very useful to South Africa, face an uphill battle when it comes to qualifying for South African residency permits and South African bonds on homes, says Rob Lawrence, national manager of the bond origination service, Rawson Finance...
|Retirees urged not to delay downscaling|
The primary factors driving the housing market do not fall away when economic conditions become tough, says Lanice Steward, managing director of the estate agency, Anne Porter Knight Frank...
| Protecting your home|
Although South Africans are among the most security conscious people in the world, it is always good to brush up on some basic safety rules and tips to make sure your home and its occupants are protected at all times, says Adrian Goslett, CEO of RE/MAX of Southern Africa...
|Court case reemphasises trust beneficiary rights|
It is in South Africa a common practice for those leaving property to their heirs to do so by means of a trust. Such trusts have to have trustees, nominated by the benefactor, who should adhere to the deceaseds wishes after his death...
|Howzit MSN celebrates new look property section with a whopping R20 000 cash give away|
Howzit MSN, one of South Africas largest portals, has revamped its property section in partnership with CyberProp, and to celebrate it is giving away R20, 000 in cash to one lucky winner. The slick and improved property section adds international property listings, a range of powerful tools such as bond repayment and exchange rate calculators, and excellent data and statistics for buyers and sellers...
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
the area 1 - Edgemead|
Reasonably priced, centrally located properties in Cape Town can be hard to find. Especially if youre looking for a home with easy access to the citys major arteries, shopping centres, hospitals and schools that wont break the bank...
|In the area 2 - Brits |
There are simply no municipal services such as water and electricity supply available for any new property developments in Brits, and this is putting upward pressure on rentals in the North West town, and boosting sales of cheaper properties...
|Local news continue|
|Dealing with troublesome ST tenants|
One of the thorniest issues in sectional title (ST) schemes is what to do about tenants who regularly flout the conduct rules and make things unpleasant for other residents...
|Sectional title critical for duet owners|
In recent years, duet homes have become particularly popular in Pretoria, Centurion and Bloemfontein, where buyers have come to appreciate the cost savings and additional security to be had by building two homes on one stand...
|Avoid the ultra high wall security look|
Cape Towns leafy suburbs, often described as the most attractive of any major city in South Africa, are under threat, says Lanice Steward, MD of the Cape Peninsula estate agency, Anne Porter Knight Frank...
|Azure on the Bay sales rise|
Apartment units totalling R10 715 000 were sold by Asrin Property Developers mandated agents, Seeff, Blouberg at Asrins Azure on the Bay waterfront development in Big Bay in the first 30 days of this year. This, says Asrins Commercial Director, Shiraaz Hassan, means that the final closed deal figure for sales at the end January was in the region of R23 million...