Property News |
15 July 2011
Over the last few years the property market in South Africa, along with that of the rest of the world has been on a constant rollercoaster. Will it survive? I believe that real estate in South Africa will still yield some great returns as it has previously performed well above global benchmark in the past few years. This according to New Head of Research for Jones Lang LaSalle South Africa Ndibu Motaung. Do you agree? Send us your views to firstname.lastname@example.org
Headlines: The South African listed property (Sapy) index touched a record high of 395,38 points on Friday morning, breaking the previous high of 392,54 achieved on November 25. It weakened slightly to 390,67 yesterday. According to research published by the Property Loan Stock Association, property loan stock counters topped the performance list for last month. The research undertaken by the association and Grindrod Asset Management showed that Premium Properties was the sectors top performer last month with a return of 10,5% followed by Fortress B at 6,2% and Acucap Properties at 5,4%. The listed property sector reported total returns of 1,2% last month compared with negative returns of a negative 2% for the all share. Listed property hits record high
Market news: The South African residential market is going through a very challenging time, the worst experienced in many years, with prices in 2010 dropping to 3% below 2004 levels - but recovering since then by 8,5%. However, with all its problems the SA property sector is not in the dire straits being experienced by this sector in the USA, the UK, many parts of Europe and Australia. South African residential house prices have increased some 10,5% since the low point of 2009 and SA residential property has come back from a 40% reduction to a point where it has now risen ± 8% above the 2004 level. Main trends in US housing market
|Main trends in US housing market|
The South African residential market is going through a very challenging time, the worst experienced in many years, with prices in 2010 dropping to 3% below 2004 levels - but recovering since then by 8,5%...
|Listed property hits record high|
The South African listed property index touched a record high of 395,38 points on Friday morning, breaking the previous high of 392,54 achieved on November 25...
|What the wealthy know . .|
The release of the latest World Wealth Report shows that rich people are very certain that this is a good time to invest in real estate...
|House prices - boom or bust|
Steve Murray, a residential property specialist with 33 years of experience in the industry and editor of Real Trends International, a trends research and publishing firm based in Colorado, will be sharing some of his key property insights with local estate agents in August by exclusive invitation from RE/MAX of Southern Africa...
|South African property prices up in June|
Prices for properties in South Africa saw an annual rise in June, according to new figures.
Statistics from Standard Bank show house values increased by three per cent compared with the same month in 2010, I-Net Bridge reports...
|Wising up in winter|
With winter in full swing many households are using a lot more energy than usual and with many consumers still feeling the pinch in a recovering market; it would make sense to look at ways to save energy and its associated costs...
|Partnering in property purchases|
Current property prices and affordability mean that getting onto the property ladder is an increasingly difficult task for first time buyers and consequently more people are choosing to buy a house with a friend or family member...
|Machanik home on auction|
Fraud accused property doyenne Wendy Machanik's luxurious home in Sandton, Johannesburg, is to go under the hammer on Friday...
|Green Buildings becoming the norm|
The new buzzword in the commercial property market is Green Buildings, that is new buildings or redeveloped older buildings which have little or no negative impact on the environment. The question is: Is this a fad or is it real and commercially viable...
|ST trustees must be fully involved|
The serious problems - and loss of big sums of money - caused by the collapse of Constantia Sectional Title Management to thousands of sectional title owners have resulted in managing agents being branded with an incompetent, unreliable stigma, but this is neither fair nor justified, says Catherine Cockcroft, Sales Manager of Propell, the countrys biggest levy funding and collection company which works harmoniously with many managing agents...
|Maintenance of different sections of property|
If there is one issue which can be almost guaranteed to raise temperatures among sectional title property owners, it is the question of who is responsible for the maintenance of the three different types of property in sectional title scheme, i.e. sections, common property and exclusive use areas...
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the Area |
The areas we are going to take a closer look at
this week are;
- Atlantic Seaboard
- Central Southern Suburbs
the area 1 - Atlantic Seaboard|
Atlantic Seaboard sales plunge
Property sales activity along Cape Towns famed Atlantic Seaboard has slowed dramatically this year after a surge in 2010 and the sales that are taking place are mostly properties that have been on the market for a long time and are now being sold for much less than their original asking prices...
the area 2 - Central Southern Suburbs|
Central Southern Suburbs upmarket sellers resist new price levels.
Newlands, Upper Claremont, Rondebosch and Upper Kenilworth buyers find it hard to accept todays prices, says Rawson Properties franchisee...
|Local news continue|
|If a balcony leaks water in a ST scheme|
Balconies are a huge asset in any sectional title scheme, says Michael Bauer, general manager, IHFM but they have an inconvenient tendency to leak rainwater onto balconies or units below, and this can all too often result in damages to several units...
|A cut above the rest|
Buyers looking for an exclusive lifestyle that is on par with the best in the world will find it in Bloubergstrand, says Caron Leslie, Broker/Owner of RE/MAX Property Associates, whose office services Bloubergstrand and the surrounding areas...
|A ticking time bomb|
Mike Greeff, Chief Executive of Greeff Properties, has drawn attention to an alarming report, now being regularly aired as an audiovisual presentation by Gerry Adlard of the African Centre for Cities which is associated with the University of Cape Town...
Property Count: 15/07/2011|