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Weekly Property News
Friday, 13 August, 2010 |
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FROM THE EDITOR |
Dear Reader
Would you sell your house for R1? What if it’s a burden
on you? Well Transnet was negotiating to sell the Blue Train
Prasa (Passenger Rail Agency of SA) for a whooping amount
of R1 after attempts to sell Transnet’s 100% shareholding
to a preferred bidder failed, this after forecasting that
the Blue Train will make a loss of R65m in the next financial
year. Sometimes we as homeowners also have to think twice
about holding onto that property that costs us month after
month.
Headlines: Lack of affordable housing is a major obstacle
to sustained demand in the housing sector and could lead to
the slowing of house price growth to single digits later this
year, a property group said on Wednesday. "Without growing
demand, price growth will decline," Harcourts Africa
property group said in a statement.
Market news: A look at industrial vacancy trends shows
that there is, as yet, no need for industrial property investors
to panic and make friends with their bankers, according to
Bellville-based Rode & Associates. Vacancies have been
showing a strong northward trend over the past few quarters
— on the back of severe weaknesses in the industrial
property market’s two support pillars, namely retail
sales and manufacturing activity. Nevertheless, current vacancy
levels are still more or less on a par with their 19-year
averages. Industrial investors shouldn’t panic
Enjoy!
The editor
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Local
News |
| Government
housing evictions to start soon |
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Evictions from different state houses in the
North West province are expected to start some
time before August end, the provincial public
works department said today...
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| Industrial
investors shouldn’t panic |
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A look at industrial vacancy trends shows that
there is, as yet, no need for industrial property
investors to panic and make friends with their
bankers, according to Bellville-based Rode &
Associates...
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| SA's
fastest rising house price cities |
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House prices in the cities of Cape Town and Johannesburg
have shown the steadiest increase of all the major
metropolitan areas in the country since the turn-around
from negative growth in the second quarter of
2009...
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| Self-employed?
Get a bond |
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A growing number of people who are self employed,
with incomes dependant on fluctuating commissions,
face huge difficulties in becoming homeowners,
says Lanice Steward...
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| Take
care when looking for easy finance |
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With many bond applicants held back by the strict
National Credit Act rulings, some will start looking
for more easily accessed finance. If they do this
they must act with extreme care...
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| Never
too late to Green |
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One of Cape Town’s Grand Old Ladies - 14
Loop Street – has been given a major facelift,
and in the process become one of the city’s
first truly iconic green buildings...
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| Coastal
properties could be submerged |
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Several multimillion-rand holiday homes on the
Kwa-Zulu-Natal coast are likely to be severely
damaged or washed away in the coming decades unless
expensive ocean defences are built to protect
them from rising sea levels...
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| Bergruimte:
Huiseienaarsverenigings kan optree |
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Die wonings in meenthuisontwikkelings en ander
omheinde gemeenskappe het gewoonlik afsonderlike
motorhuise en afdakke, maar daar is dikwels vraag
na bykomende permanente parkering of bergruimte
vir sleepwaens, motorfietse, bote en woonwaens...
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| The
pitfalls of renting |
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Property managing agents are these days increasingly
asked about the prospects in the buy-to-rent residential
property market but before taking any step of
this kind the property investor should take notice
of the possible pitfalls...
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| The
responsibilities of landlords |
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Being a landlord entails far more than collecting
rental. Adrian Goslett, CEO of RE/MAX of Southern
Africa considers the numerous responsibilities
landlords face and offers some advice to simplify
and streamline the experience...
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| Serious
shortage of estate agents lies ahead |
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Although many business sectors were hit hard
by the 2008-2009 recession and had to make people
redundant, possibly no sector lost more staff
than those involved in residential property marketing,
says Lanice Steward, MD of Anne Porter Knight
Frank...
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| Higher
educational standards will transform industry |
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Another executive in the Cape Peninsula residential
property marketing sector has gone on record as
saying that the general public still has not grasped
just how thorough the comprehensive training for
estate agents has become...
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| Barred
from voting |
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Owner meetings
The right to vote is one of the normal consequences
of membership of an association. An owner of a
unit in a sectional title scheme is automatically
a member of the body corporate and will usually
have the right to vote at all of its general meetings
either personally, by proxy or through another
legally recognised representative...
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Paarl
- Woodstock
- Fish Hoek
- Lanseria
| In
the area 1 - Paarl |
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Packing for Paarl
Semi-gration has been a word "bandied about"
in recent times to refer to people re- locating
to a different part of the country as opposed
to emigration which refers to those people leaving
the country with the intention not to return...
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| In
the area 2 - Woodstock |
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Woodstock's revival an investment opportunity?
The suburb of Woodstock, just east of the Cape
Town CBD, has always being colourful and somewhat
defiant. During the years of the Group Areas Act,
Woodstock somehow managed to keep its multiracial
status and probably set the tone for what has
become a bustling little suburb with much attitude...
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| In
the area 3 - Fish Hoek |
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Rawson Fish Hoek franchise predicts prices
throughout area will rise
Rawson Properties' Fish Hoek franchise, which
reopened earlier this year under new franchisees
Leon Bosman and Cathy Baker, has already achieved
a market share of 20%...
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| In
the area 4 - Lanseria |
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Lanseria Airport to benefit new industrial
estate
A new corporate estate that includes more than
160 stands zoned for industrial, office and warehousing
purposes alongside Lanseria Airport is likely
to be a hive of activity for investors...
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News
From IHFM |
| Sectional
title levies payable as soon as trustees pass them |
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WHEN ARE SECTIONAL TITLE LEVIES DUE?
Section 37 (2) of the Sectional Title Act, says
Michael Bauer in his latest weekly sectional title
newsletter on www.ihfm.co.za, General Manager
of IHFM, the sectional title management company,
states that these are payable immediately following
the passing of the resolution by the trustees
of a body corporate...
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