Headlines: Not expected! The SA Reserve Bank's (SARB) unexpected rate cut as well as its new mandate raised certain questions, Nomura International said on Thursday. This followed the decision earlier by the SARB's Monetary Policy Committee (MPC) to cut the repo rate to 6.5 percent. "The MPC statement is somewhat more positive on growth - they now see 2.6 percent
growth this year from 2.0 percent before," Peter Attard Montalto, an Emerging Markets Economist said. "They are much more optimistic on inflation however - given currency strength and reduced food price pressures - as well as removal of uncertainty around electricity prices," he added.
Although this is too little too late, we hope that it is a turning point and that the Reserve Bank has finally listened to the debate in the ANC, COSATU and civil society and accepted the overwhelming argument that monetary policy must be guided by a mandate to promote economic growth and job creation, and not just to control inflation," Cosatu said in a statement.
Us in the real estate industry say, thank you!
Market news: Property watchers who think that South African residential property rentals tend to track those of the big western cities will be interested to learn that Anne Porter Properties' London Associates, Knight Frank, report that Central London prices rose 3,2% in February. "This," says Lanice Steward, MD of Anne Porter Knight Frank, "was the strongest rate of growth in a single month since August 2007 - a sure sign that conditions are
improving at last." Central London residential prices rises could point to big rises in SA Property
Thursday's cut in interest rates will make property more affordable, especially for buyers in the lower to mid-price levels, a realtor said. In addition the cut would provide additional support for a gradual relaxation in bank lending criteria, Jawitz Properties CEO Herschel Jawitz said in a statement...
Property watchers who think that South African residential property rentals tend to track those of the big western cities will be interested to learn that Anne Porter Properties’ London Associates, Knight Frank, report that Central London prices rose 3,2% in..
Mike Smuts says the Chancellor missed an opportunity to create more jobs and add prosperity in the housing sector.
On Wednesday, in his last Budget speech before the General Election, Alistair Darling unveiled new measures which he claimed would offer nine in ten first-time buyers a helping hand onto the property ladder..
The changes to Stamp Duty announced today amount to a tax on London - only 44% of property sales will slip under the new zero-rate band compared average of 74% in the rest of the country. In addition well over 60% of all £1m+ transactions affected by the new 5% rate take place in the capital..
The SA residential property market is now clearly emerging from the slump, with the latest available Deeds Office stats showing a steady monthly increase in the number of home transfers being registered since August last year (see graph).
If you’re buying a home in an established estate or cluster development, it is important to bear in mind that the future value of your property will depend not only on its individual location and condition, but also on how well the development as a whole is managed by the homeowners’ association (HOA).
As the auction halls in these glamorous hotels filled up to a bursting stature of over 400 people each, Auction Alliance’s team, led by master auctioneer and company CEO, Rael Levitt, gave full throttle during the course of the proceedings..
Does a building manager have the right to enter and inspect a privately owned apartment in a sectional title scheme without consent from the owners, especially if the owners are living there at the moment?..
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...
Badplaas is situated in Mpumalanga between Machadodorp and Carolina. Badplaas is famous for the hot sulphur spring which bubbles out of the ground at a rate of 30 000 litres an hour, and which used to be known to the local tribes people as Emanzana -"the healing waters"...
An exciting new hotel and office development is nearing completion.
Over the past few months, Fourways residents have watched with interest as The Pivot development has sprung up in the Montecasino precinct..
The decision by the Planning and Building Management Department of the Cape Town City Council to replace the city’s 27 ‘archaic’ separate zoning schemes with a single zoning scheme covering the entire city could just be the good news that Cape property developers have waited two decades to hear, says Paul Henry, MD of Rawson Developers.
The scheme, which will shortly undergo its final round of public participation, is based, said Henry, on the premise that a unified city needs a unified zoning system, one that does not reflect past discrimination and is capable of responding to today’s challenges.
The new, simpler rulings, he said, will make property developers’ lives far more straightforward. They should streamline the approval process and could lead to the lengthy period caused by objections to proposed projects being cut by 60%.click here to read more
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