Property News |
30 March 2012
It was announced yesterday by The Reserve Bank to keep interest rates the same. The tone that was set was one of hope and I should say expectation that should we receive a hike in the months to come it will not be heavy. This despite rising inflation.
Headlines: Directly held commercial property outperformed equities and bonds in South Africa last year. The SA Property Owners Associations property index, International Property Databank (IPD), released yesterday, showed property unit trust listed property funds achieved a return of 12.2 percent and directly held property posted a 10.4 percent return last year, compared with 2.6 percent for the equity market and 10.1 percent for bonds. South Africas overall commercial real estate market achieved modest growth last year, with a 10.4 percent return. Commercial properties beat the market.
Market news: Prospective homebuyers should accelerate their plans now if they still want to benefit from the double positive of low interest rates and low property prices. Home values have begun to rise in many parts of the country - and even though the average rate of growth will probably be below the rate of inflation for the next couple of years, this is really of little relevance to first-time buyers, says Berry Everitt, MD of the Chas Everitt International property group. Get cracking if you want to get into the market.
|Residential property update John Loos talk|
Since holding a networking breakfast some three weeks ago, Dianne Brock, manager of the Western Cape Institute of Estate Agents of South Africa (IEASA), has received numerous requests to summarise the residential property update given by John Loos, the FNB economist, at the breakfast...
| The time to invest is now|
Studying the property market cycles of the past is the best way of catching a glimpse into the property market of the future, says Adrian Goslett, CEO of RE/MAX of Southern Africa...
|The foreigners are coming|
SA home sellers can now expect to see more foreign buyers in the market once again although this time around most will probably be looking for permanent residences close to business centres rather than holiday homes...
|Don't go shopping without advice|
Buying a home is certainly not an everyday or even frequent event for most South Africans, and many aspirant homeowners are at a real loss when it comes to applying for and obtaining mortgage finance...
|Crucial questions home sellers should ask|
Property trend watchers analysing the Propstats figures for the majority of Cape Peninsula suburbs will, says Lanice Steward, Managing Director of Anne Porter Knight Frank, be forced to conclude that many home sellers, despite ongoing warnings from the leading estate agencies on this subject, are still overvaluing their homes...
|Dont let tenants rob you of a sale|
With property prices starting to head in the right direction again, and demand on the increase too, many homeowners who have been letting their properties out of necessity are now contemplating selling...
| Field still not level for first-time buyers|
The fact that there is no transfer duty payable on newly-built homes bought directly from a developer or a builder is no longer the big plus that it used to be for first-time buyers short of cash...
|The essentials of ST exclusive use areas|
Exclusive Use Areas (EUAs) in sectional title (ST) schemes are, quite simply, parts of the common property whose use has been granted to certain owners for their exclusive use...
|Extra charges when buying a home|
Although it is now generally known that transfer tax is not payable on properties priced below R600,000 (?), many of those buying homes in the affordable market, says Lanice Steward, MD of the Cape Peninsula estate agency Anne Porter Knight Frank, do not realise that they still have to pay the Deeds Office a processing fee - and this is charged even on homes priced below R150,000...
| Green Paper on land reform|
|Some 100 members of the Western Cape Institute of Estate Agents of South Africa who recently attended a talk by Professor Henk Delport , an expert on property legislation, were, says Dianne Brock...|
|Howzit MSN celebrates new look property section with a whopping R20 000 cash give away|
Howzit MSN, one of South Africas largest portals, has revamped its property section in partnership with CyberProp, and to celebrate it is giving away R20, 000 in cash to one lucky winner. The slick and improved property section adds international property listings, a range of powerful tools such as bond repayment and exchange rate calculators, and excellent data and statistics for buyers and sellers...
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
the area 1 - Bantry Bay|
Two reasons to be beside the (wind-free) seaside
Michelle Swart finds out about luxurious new villa units selling off plan in Ocean View Drive, Bantry Bay...
|In the area 2 - Midrand|
Midrand gets R25bn property boost with unveiling of Waterfall Estate
The Atterbury Property Group has launched a mixed-use commercial development in Midrand that is expected to be valued at R25 billion in its roll-out over the next 14 years...
|Local news continue|
A tiny elite makes up the super-rich across Africa. While millions live in crushing poverty, breakneck growth across the continent has expanded wealth beyond the traditional circle of government workers for a lucky minority...
|Time to unlock the wealth potential of SA township property|
The huge potential for wealth and job creation through putting property ownership and property trading on a sound, well documented commercial footing has been emphasised again by a short presentation to students of a Graduate School of Business management course...
Property Count: 30/03/2012|