Property News |
09 March 2012
This week mayors around South Africa was told to buy land. "How do you ensure that the best South Africans stay in South Africa and don't go to London or New York? By making it attractive." This according to Enrique Peñalosa, the former mayor of the Colombian capital, Bogotá. He went on saying that Government must buy out landowners and create a land bank.
What is a land bank?
- A land bank is a public authority created to efficiently hold, manage and develop tax-foreclosed property
- A land bank is a bank that issues long-term loans on real estate in return for mortgages.
- Land Bank is a specialist agricultural bank guided by a government mandate to provide financial services to the commercial farming sector and to agri-business
- Uses vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property
Headlines: DA spokeswoman on justice Dene Smuts said the ANC was either trying to mask its own ineptitude or embarking on a phase which threatened "the very foundation of our constitutional state. It is notable that social and economic transformation is consistently cited as the justification for the proposed review of the Constitutional Court decisions and for the transformation of the judicial system as well. It is becoming clearer by the day that the ANC is contemplating a fundamental ideological shift." Ms Smuts dismissed the suggestion that the property clause in the bill of rights was a "sunset clause" in the constitution, emphasising that it "represents the full, final and exhaustively negotiated right of all South Africans not to be arbitrarily deprived of property as so many were in the apartheid era". DA shocked at ANC draft proposals to change constitution
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 slightly up
Property Count: 09/03/2012|
|South Africa: Beautiful Country, Worrying Politic|
South Africa's property market has slowed, with house prices declining modestly in 2011. South Africa's house prices rose 2.3% in nominal terms, which translates into a decline of 2.6% in real terms, a disappointment following 2.7% house price rises in real terms in 2010...
|DA shocked at ANC draft proposals to change constitution|
The Democratic Alliance (DA) has expressed "shock and extreme concern" over draft proposals by the African National Congress (ANC) to scrap the "sunset clauses" in the constitution and amend the property clause in the bill of rights, which stipulates that property may be expropriated only on the basis of fair compensation...
|SA mayors urged to buy up city land|
The government must intervene radically in the ownership of land around South African cities to ensure optimum economic growth, the country's top mayors were told during a course at the weekend...
|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...
|Only nominal price growth likely this year|
Western Cape house prices are likely to remain level and there is little chance of "real" (i.e. inflation-beating) growth this year, says Dianne Brock, general manager of the Western Cape Institute of Estate Agents...
|Real estate offers bright future for graduates|
The start of a new financial year is a very exciting time for those who have just finished university or college, with thousands of jobs being advertised for those with new degrees or diplomas - and the prospect of good rewards in store for all those years of study and sacrifice...
| Hot global real estate: 416 land-grab deals|
Yes, 416 fabulous real estate deals across the globe. If youre rich, looking for 25% returns and want to get even richer, start by downloading the 62-page list of 416 land grabs from Grain.org...
|When in financial trouble, speak to bank|
All too often, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula estate agency, when homeowners find themselves in financial trouble they remain unaware of the steps a bank is entitled to take to minimise their losses and/or recover payment...
| Tips on working from home|
Technology has come such a long way in the past 10 years that it is no longer unusual for people to telecommute or even to run their whole business from home full time...
|Huge student housing shortage|
The cost of building residences for university students is R240,000 per bed, according to a report tabled by Higher Education Minister Blade Nzimande at a media briefing in Cape Town on Wednesday...
|Buying a fixer upper|
Buying a home that is in serious need of renovation is not for everyone and can be riddled with disaster. However, for those who do have the know-how and finances, it could be a very profitable and rewarding endeavour. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that the difference between a successful investment and a money trap lies in choosing the right fixer-upper home from the start...
In todays competitive real estate market, the more sellers can do to make their home stand out and be noticed, the better, says Adrian Goslett, CEO of RE/MAX of Southern Africa. If sellers want to improve their chance of selling their home, they need to make sure that the home grabs the buyers attention from first glance, he notes...
|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 - The Cape|
One of the widely accepted maxims in the residential real estate market is, If you want an accurate assessment of where housing prices are going, ask a conveyancer...
|In the area 2 - Soweto|
New properties set to change face of Soweto
Abulani Heights is set to change the face of the Soweto housing landscape. The groundbreaking new development will have a mall, hospital, theatre, municipal offices, fire station and filling stations...
|Local news continue|
The criticism from many house sellers regarding the municipal ruling that a plumbing certificate has to be obtained before transfer of a home to a new owner can take place is misplaced, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula residential estate agency...
|Overcrowding of rented properties a serious problem|
Eviction of the tenant often the wisest course to follow.
Landlords in South Africa, as in many countries in which poverty is still the lot of a large proportion of the population, may from time-to-time find themselves facing the awkward situation of tenants allowing too many people to move into their unit on medium or long-term arrangements...
|Damages to units often common with bad tenants|
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...
|Care must be taken in choosing a rental agent|
With buy-to-let investors once again returning in fairly large numbers to the residential property market it is interesting to learn from Ntombi Mlambo of Gunstons Attorneys that the firm is now being asked to handle a far larger number of tenant evictions or rental payment demands than last year...
|RE/MAX National Conference|
After a successful year despite tough trading conditions in 2011, RE/MAX of Southern Africa, one of the countrys leading real estate groups, celebrated its top achievers at the National Conference held at Sun City from 28 to 29 February 2012...