Peter Drucker gave a management tip this week in Business
Day; The most important thing in communication is to
hear what isnt being said. In our case we should
say The most important thing in communication is
to read what isnt written. For me this is
so true as Im confused this week. Is it the right time
to buy yes or no? The one says yes and the other one says
no. Who to believe? Maybe we should forget about if it is
the right time to buy and focus on what Andre de Villiers,
a Cape Town real estate personality has to say about Why
am I not selling.
Headlines: One has to remember that hosting a major
sporting event - even in the case of an emerging country like
South Africa - accounts for only a small share of an economy's
total activity, and is very limited in time - barely the kind
of event that would normally generate structural shifts in
a country's real estate market. Football Scores: World
Cup can bring diverse economic benefits
Market news: The average nominal price of houses was
higher in all categories in February compared with a year
ago, Absa said on Tuesday as it released its house price index.
"The average nominal value of homes for which Absa approved
mortgage finance increased further in February 2010, with
all three categories of housing, as defined by Absa (small,
medium and large), recording a positive nominal year-on-year
rise in values," said Jacques du Toit, senior property
analyst. All houses more expensive
Mike Greeff, CEO of Greeff Properties, has returned
from a eleven day visit to the USA which, he says,
has given him total confidence in the USAs
ability to come out of its recession, to revive
its residential property market and to start tackling
its serious national debt problem in a realistic
manner rather than, as before, delaying the evil
South Africa's residential property market is
expected to gather momentum in 2010, a report
from Absa Group showed Tuesday. Growth in the
nominal value of houses is expected to be around
6% in 2010 compared with 2009...
A few years ago, when the sugar price was in
the doldrums and the property market was ablaze,
Tongaat Hulett, with its successful strategy of
turning cane land into swanky property developments,
was considered a far more interesting bet than
stodgy old Illovo with its sugar cane farms...
Lower interest rates dont always mean that
homeowners should upgrade to bigger and better
properties. If they have built up substantial
equity in their homes, it may be time to access
some of it and make alternations or improvements
With the Cape Argus Pick n Pay Cycle Tour
now upon us, anyone out on the more scenic roads
of the Cape Peninsula will have realised that
cycling mania is once again in full bloom in this
area, says Bill Rawson, Chairman of Rawson Properties...
David Bellairs is as synonymous to the Cape Argus
Pick n Pay Cycle Tour as the south-easter
is to Cape Town summers. Hes been part of
the events organisation for the past 20
years. It all began when a friend took a bet with
him that he couldnt finish the race...
Most of the spokespeople for the Capes
major real estate agencies have in recent weeks
reported that the significant indicators (sale
prices, sales numbers, length of time taken to
sell and attendances at show houses) now confirm
that the residential property market is very definitely
emerging from its slump...
While Johannesburg increasingly succumbs to the
neat parcelling of land into complexes and clusters
of developers dreams, some suburbs remain
anachronistically untouched, like a pair of bell-bottoms
in a wardrobe full of skinny jeans...
Reviewing various agents sales performance
over the last year shows unsurprisingly that the
best agents still rise to the top like cream no
matter what the market conditions throw at them.
The last 12 months are no exception to this observation...
Far from being a passing trend, Green Building is fast
becoming the mainstream property norm. Join the Green
Building Council and leading international and local experts
for two days of presentations and panel discussions covering
all aspects of green building.