Property News |
19 August 2011
What are listed properties? Is it wise to venture into listed property? And how do I get to know more about this? These are the main questions weve received this week.
In South Africa financial institutions, pension/provident funds including parastatal funds and government are the owners. These property holding vehicles are listed on the JSE stock exchange and are largely commercial properties like shopping malls, high and low rise offices and industrial warehouses.
Just like with any other investment the bottom line is that it is not wise to venture into it without obtaining as much knowledge as possible. Weve placed two articles this week that can help you;
- Why invest in SA Listed Property
- Listed Property set for real growth
Headlines: Tenant payment behaviour has deteriorated for the first time in 24 months, according to a report by TPN Credit Bureau. Data showed that the overall number of tenants in good standing had declined to 79 percent vs. 81 percent in Q1 of 2011. This consisted of tenants in the paid-on-time category at 66 percent (67 percent Q1 2011) and paid-late category at 13 percent (14 percent Q1 2011). In addition, the number of tenants in the did-not-pay category increased from 10 percent to 12 percent for the first time since the first quarter of last year. More tenants not paying
Market news: Since the first quarter of 2008, when we began to ask agents surveyed in the FNB Estate Agent Survey to provide us with estimates as to the reasons that people sell homes, emigration selling has never been lower than in 2011, when expressed as a percentage of total residential selling. From a peak of 20 percent in the third quarter of 2008, the percentage of residential sellers believed to be emigrating has declined to four percent for both the first and second quarters of 2011. Could it be a relatively positive sentiment towards South Africa from its inhabitants? Brain drain is slowing
Property Count: 19/08/2011|
|Listed property "set for real growth"|
INCOME distributions in the listed property sector are likely to continue showing real growth in the long term, despite the outlook for the factors that influence distributions remaining challenging over the next 12 months, according to the latest report on the listed property sector by Catalyst Fund Managers..
|More tenants not paying|
Tenant payment behaviour has deteriorated for the first time in 24 months, according to a report by TPN Credit Bureau...
|'Brain drain is slowing'|
Since the first quarter of 2008, when we began to ask agents surveyed in the FNB Estate Agent Survey to provide us with estimates as to the reasons that people sell homes, emigration selling has never been lower than in 2011, when expressed as a percentage of total residential selling...
|More young expats planning a return to SA|
Extreme weather conditions and geological events in many parts of the world this year, as well as prolonged political protests, huge financial upheavals and declining employment opportunities in the US, UK and across Europe are prompting many expats to make plans to return to SA...
|Good reasons for buying into property are still valid|
People, commented the 18th Century essayist, Samuel Johnson, need to be reminded more often than they need to be instructed, and this is nowhere more true than in simple investment matters, says Tony Clarke, MD of Rawson Properties...
|Rise in first time homebuyers in South Africa|
Those looking for positive data about the South African residential property market, says Rawson Properties Director, Sean McCauley, should take note of what the latest FNB Property Barometer says about the rise in the number of first time homebuyers...
|Swing back to sectional title property|
With the stock markets dropping 15% in two weeks then bouncing back, only to drop and rise again, manufacturing and mining output down, and with major SA corporations cutting staff, there has just recently, says Catherine Cockcroft, sales manager of Propell, the sectional title levy funding company, been a discernible swing back to sectional title property...
|More people, more opportunity|
With a new national census in the offing, the trends inherent in the latest population estimates released by StatsSA already spell good opportunities that some clever property developers and investors have started to scent...
Throughout the western world government strategists, banks, insurance companies and other organisations are grappling with the baby boomer problem, i.e. the sudden rise in the number of births that took place from the end of World War II to 1960s and the consequent large numbers of people now retired or due for retirement, only a small percentage of whom actually have the resources to live comfortably without salaries...
|Joburg's multi billion facelift|
The Joburg city skyline is set to change following a decision to build decking over the railway lines that serve as divides in areas around the city...
|'Take the money and run|
If you receive a good offer for your home shortly after you have listed it for sale, you should consider it very seriously, even if it isnt perfect...
|Thuli visits iffy houses|
Apparent widespread housing problems within the Umgungundlovu District in KwaZulu-Natal will form part of Public Protector Adv Thuli Madonsela's current systemic investigation into social housing...
|MalaMala wants R900-million|
MalaMala, the world-renowned game reserve, is involved in a land-claim dispute that could determine the future of government's land-reform programme...
|Good future ahead for estate agents|
The Taking of skills beyond 2010 seminar organised in Cape Town (and other parts of the country) by Services SETAs acting CEO, Dr Sihle Moon, has, says Dianne Brock, the new head of the Western Cape Institute of Estate Agents, SA, charted a positive and optimistic course ahead for South Africas residential property sector...
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
- Green Point
- Pretoria East
- Western Seaboard
the area 1 - Green Point|
Green Point residential areas will benefit from upgrade of old stadium
The Cape Town City Councils recent announcement that the original older Green Point stadium, athletics track and clubhouses, parts of which were demolished to make way for the new, highly sophisticated World Cup stadium, will be upgraded to become a 5 500 seater IAAF-standard sports stadium and multi-use facility, is positive news...
the area 2 - Pretoria East|
Relaunch of Lombardy East Project has elicited a good response, say Kharafi Group
The recent re-launch of the 100ha Lombardy Estate and Health Spa development in Pretoria East has led to a renewed interest from the market, and an impressive upswing in sales, says Greg Dart, Business Development manager of Kharafi Holdings in Pretoria...
the area 3 - Western Seaboard|
Propstats figures show that Blaauwberg, Table View and Parklands house prices now on a recovery path
A prediction made almost a year ago by Annette Evans, manager of the Western Cape Institute of Estate Agents statistical analysis division, PropStats, that Cape Towns Western Seaboard properties, Table View, Parklands, Flamingo Vlei, Milnerton and Blaauwberg in particular, will be among the first to recover from the current downturn is beginning to be realised...
the editor |
Lack of knowledge and misunderstandings about sectional title levy collection
I refer to the article above and seek advice, when our roles are reversed.
Initially I occupied a Sectional Title unit, which had rodents in the ceiling, that had to be fumigated by the Body Corporate, escalated to the Managing Agents. After many (6months), attempts to resolved, I eventually resorted to withholding the payment of my levies, in order to seek attention. Two months later, the problem was attended, to. However now I have rented the property but have been billed for levies in arrears. Since the incident almost a year ago, I have religiously paid the levies. I have all relevant emails as proof of correspondence, however Seniors of our Managing Agents refused to take responsibility of their incompetence.
I await your response
From the editor:
Thank you for your email.
Im glad that you find our newsletter informative.
Regarding the article, unfortunately you are by law not allowed to withheld levy payments however you can take legal action against the corporate body.
Follow this link for a previous article that was placed...
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