Property News |
05 April 2012
The Easter bunny is knocking on our doors! Easter is a time of celebrations and loads of fun. Its also a time for most of us to take a break from work. The hike in the fuel price might have put a damper on the spirit for some and for others the good news about the house prices increase might have given them that extra reason to have fun. Whatever you will be doing this weekend, enjoy it and drive safely!
Headlines: House prices in March marked the highest year-on-year growth rate since June 2010, First National Bank said on Monday. "The FNB House Price Index showed a further slight acceleration in March, up from a revised February growth rate of 7.1 percent to eight percent year-on-year," said FNB property strategist John Loos. Home price growth accelerates
Market news: Knowledge Factorys, SA Property Transfer Guide has kept its Property Clock unchanged this month. The Clock measures high-level national trends in the residential real-estate market. It retreated by five minutes in 2011 and has moved forward by one minute in March 2012. Whether we like it or not, the real-estate sector will continue to reflect the broader brush-strokes of the macro-economy. With inflation simmering around the top-end of the target band, interest rates on hold for 2012 and job creation less spectacular than anticipated, the resumption of full-bore buying will have to wait a little longer, Dieter Deppisch. April Property Clock
Property Count: 05/04/2012|
|Home price growth accelerates|
House prices in March marked the highest year-on-year growth rate since June 2010, First National Bank said on Monday...
| April Property Clock|
Knowledge Factory's Property Clock, is a graphic representation of the South African residential real-estate market. Various datasets including interest rates, supply/demand cycles, finance availability, construction and rentals are analyzed. Adjusted monthly, this high-level overview tracks trends in this important sector of the South African economy...
| SA house sizes|
It is often not appreciated just how radically the South African residential property market has adjusted to the tougher economic conditions and the land shortages of the last four years, says Lanice Steward, MD of Anne Porter Knight Frank...
| Land reform burning issue|
With 87% of the non-State owned land in South Africa owned by whites and only 13% owned by blacks there can, says Tony Clarke, MD of Rawson Properties, be no argument that some form of rebalancing is urgently necessary...
|Foreign buying showing upward trend|
Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula estate agency, has drawn attention to the fact that the number of foreign buyers of residential property is now on the increase...
|Returning expats good for SA luxury homes market|
Returning South African expatriates particularly those who have been living in the UK could be a key pillar in the recovery of the market for higher-priced homes says Ronald Ennik, CEO of Ennik Estates...
|Property company launches free tag system for valuables|
With technology playing an ever-increasing role in our lives, its very upsetting when you realise that youve mislaid your smart phone or tablet somewhere in a public place like a shopping centre or a sports stadium...
| Tips when selling a home and moving|
Selling a home and moving to a new one are among the more stressful dislocations of life encountered by the ordinary middle class family, says Sean McCauley, director of Rawson Properties...
|High Court decision issues warning to tenants who damage property|
Landlords in South Africa, says Tony Clarke, managing director of Rawson Properties, have in recent years sometimes had the impression that the courts, in their endeavour to comply with the constitutional right of citizens to have access to adequate housing have been overly sympathetic to tenants, even when they behaved in such a way as to break their lease agreements...
|How many proxy votes are allowed|
Although it is now clear that at some stage the Sectional Schemes Management Act will become law, right now, says Michael Bauer, general manager of the property management company, IHFM, members of sectional title schemes can still collect as many proxies as possible for the schemes annual general meeting and special general meeting...
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The areas we are going to take a closer look at
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|Rental growth of 16% for Sandton CBD |
There are early indications that the grade-A office market might be staging a recovery as indicated by the recent performanc of the Sandton CBD, but this belies a number of structural challenges...
|Booming Sandton leading the way|
There are early indications that the grade-A office market might be staging a recovery. The rally is being led by bellwether Sandton CBD, which showed phenomenal rental growth of 16% in the fourth quarter of 2011...
|Local news continue|
|Confusion on mandates, fees and conditions will have to be remedied|
Recent court cases, says Bill Rawson, Chairman of Rawson Properties, have shown that both estate agents and their clients often enter into agreements without clarifying their fee structures and the ethical questions that surround the paying of commissions for achieved sales. Furthermore, says Rawson, seldom do any agreed rules or standards apply to mandates...
|Green Star SA Socio-economic and Interiors Tools|
CALL FOR TECHNICAL WORKING GROUP PARTICIPANTS
The GBCSA is currently seeking volunteers to participate in two separate Technical Working Groups (TWGs): the development of the Green Star SA Interiors rating tool; and the Green Star SA Socio-Economic Category (to be included in current and future Green Star SA rating tools)...
On 11 March, 2792 runners laced-up and took to the road alongside running legend and Comrades king, Bruce Fordyce, at the RE/MAX Challenge held in Edenvale...
|Best real estate and housing finance firms in Africa feted|
Nairobi played host to inaugural African Real Estate and Housing Finance (AREHF) awards held at Crown Plaza. The awards that were specially designed for the real estate and emerging housing finance markets in Africa premiered in Kenya with various players scooping first positions...