Property News |
13 April 2012
Internationally the experts predicts that the housing crisis might come to an end this year. One of the main reason for this is the banks that are loosening their credit; the clearest sign yet of an improvement in mortgage credit conditions.
On a National front;
· John Loos FNB economist does not predict an upturn in the near future but he stays optimistic
· Berry Everitt Managing Director of the Chas Everitt International Property Group Theres definitely a growing sense of optimism in the property market and this is now being reflected in cracking good sales
· Jan Le Rous, CEO of Leapfrog Property Group, The market might not be strong at the moment but, home buyers can be grateful that the interest rate remains unchanged. At least in this position everyone knows whats coming and can work with what theyve got.
Headlines: Many people are looking for signs of an upturn or, at least, for an authoritative analysis of trends, according to Dianne Brock, manager of the Western Cape Institute of Estate Agents of SA (IEASA). Since holding a networking breakfast some three weeks ago, Brock has received several requests to summarise the residential property update given at the breakfast by John Loos, the FNB economist. "Loos enabled us to take a balanced long-term view of the current situation. He does not yet predict an upturn in the near future, but his overall view remains optimistic," says Brock. Global slowdown still depressing property prices and banks 'have to remain cautious'
Market news: Gauteng estate agents are more optimistic than those in the rest of the country, according to the latest FNB Gauteng Estate Agent Survey released on Thursday. "The first quarter 2012 [survey] shows Gauteng estate agents to be currently the most optimistic of the major metropolitan regions," Petro van Heerden, FNB valuations manager, said in a statement. Gauteng estate agents upbeat
Property Count: 13/04/2012|
|Mumbai Is the Worlds Least Affordable Home Market|
The average Indian would need to work for three centuries to pay for a luxury home in Mumbai, making that city the least affordable in the world for locals, according to an analysis of real estate and wages....
|A growing sense of optimism in the property market|
Theres definitely a growing sense of optimism in the property market and this is now being reflected in cracking good sales. In fact, Im delighted to report that many of our offices around the country had record months in March...
|Is a Stable Interest Rate Enough?|
The Reserve Banks decision to leave the repo rate at 5.5% falls in line with predictions by economists earlier this year. This ongoing stability is good news for the property market which shows indications of improving...
| FNB report shows price growth acceleration|
Those homeowners and property investors looking for some good news on residential property prices will be cheered to learn from the April FNB Property Barometer that house prices have recently shown further price growth acceleration...
| Prequalifying for a bond|
Estate agents year in, year out find that they are approached by potential homebuyers who have very little idea or the wrong idea of the size of the bond they will probably qualify for...
|Gauteng estate agents upbeat|
Gauteng estate agents are more optimistic than those in the rest of the country, according to the latest FNB Gauteng Estate Agent Survey released on Thursday...
|RE/MAX distressed property report|
While there have been many positive indicators that trading conditions within the South African property market are continuing to improve, distressed properties are still a market reality...
|Real rentals still falling|
On the residential-rental front, while townhouses showed no growth compared to a year ago, rentals on flats and houses were able to show a four percent growth (i.e. real rentals are falling by more than two percent)...
| Rental scams|
Property scams that crop up in the USA, UK or Europe have a nasty habit of later appearing in South Africa, says Tony Clarke, managing director of Rawson Properties...
|DIY landlords prone to more tenant problems|
Buy to rent property investors will often think that they can do as good a job as an experienced rental agent but, says Tony Clarke, managing director of Rawson Properties and Rawson Rentals, this is very seldom the case...
|MSN Competition Winner|
Congratulations to Suzan Tivani, the winner of our MSN - Find the hidden property competition!!!
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
|Kalk Bay's "The Majestic" notches up big sales|
A prediction made early this year by Lanice Steward, managing director of Anne Porter Knight Frank, to the effect that Kalk Bay property would turn out to be some of the most sought after in the Cape Peninsula appears to be coming true...
|Local news continue|
|Managing agents and bodies corporate|
The appointment of a managing agent holds distinct benefits for a Scheme. The task of managing and administering a scheme whether large or small is a complicated and time consuming one; and there are few schemes with owners that have the time and knowledge to take on all of these demands for no financial compensation. Most schemes appoint a managing agent, generally a company or close corporation, who specialises in sectional title administration...
|No crisis of confidence at the high street auction co event|
Despite recent press coverage and negative sentiment surrounding the auction industry, the local market's appetite and confidence for buying through auction remains healthy, if The High St Auction Cos last auction is anything to go by. 21 lots with a combined market value of R114 million went under the hammer on the day...
| RE/MAX Helderberg at the top of the game|
|Lee Siebert, Broker/Owner of RE/MAX Helderberg which operates in the Cape areas of Somerset West, Strand and Gordons Bay, reports that her office has been outselling its competition over the past three months...|