Weekly Property News
Friday, 30 July, 2010

Dear Reader

Millions was wasted in mismanagement, irregular procurement and over expenditure by the The Road Traffic Management Corporation (RTMC) Transport Minister Sibusiso Ndebele told the press on Thursday. Mismanagement at the RTMC was an irregular lease agreement of R658-million over 10 years, which resulted in an actual loss of R11-million. R 144 million is currently estimated of irregular expenditure. And it carries on. It makes on wonder how people can get away with it for so long?

In the property industry we see a lot of fraud, property scams, investment fraud, mortgage fraud, bribes and fraudulent real estate transactions to mention but a few. One lesson is always to be learned, stay away from those “bargains”.

Headlines: At least one senior official at the Deeds Office in Pretoria allegedly demanded bribes to speed up property transfers. Several independent sources have told Business Report a "going rate" of R1 000 was charged for expediting transfers and R500 for inserting a transfer duty certificate after lodgement of a deed.

Market news: The SARB Leading Indicator for May 2010 returned to month-on-month negative growth for the 1st time since early-2009, to the tune of -0.5%, down from the +1.6% growth of the previous month. On a 3-month moving average basis, the month-on-month growth rate was still positive to the tune of 0.9%, but this too was slower than the previous month's +1.3% growth. Residential market may be set for slowdown

The editor

In This Issue
Featured Property
KwaZulu Natal, Howick, Lions River
Outstanding. Immaculate. Unique Country retreat set of 6.7ha. Views. 6 en-suite bedrooms. Ample living. Superb kitchen. Koi ponds. Pool. Entertainment area. The opportunity exists to purchase the property on a selected furnished basis...
Local News

Bribery claims stoke Deeds Office flames

At least one senior official at the Deeds Office in Pretoria allegedly demanded bribes to speed up property transfers...

Interest rates remain unchanged

The recent decision by the Reserve Bank’s Monetary Policy Committee to keep the interest rates unchanged was a disappointment to the residential property sector, says Tony Clarke, Managing Director of Rawson Properties...

Residential market may be set for slowdown

The SARB Leading Indicator for May 2010 returned to month-on-month negative growth for the 1st time since early-2009, to the tune of -0.5%, down from the +1.6% growth of the previous month...

Most gains still coming

In some ways the 2010 Football World Cup proved to be a disappointment, but that was perhaps more confined to those who had unrealistic expectations of what it would bring and the time frames within which such benefits would materialise...

Industrial real estate trusts are slowly starting to rebound

www.stockcall.com offers investors comprehensive research on the industrial REIT industry and has completed analytical research on AMB Property Corp. (AMB 24.22, -0.36, -1.46%) and ProLogis (PLD 10.70, -0.37, -3.34%) ...

Residential target markets identified

Any residential property marketing company that endeavours to keep its agents and franchisees abreast of the latest trends must recognise the three main categories defined by marketing analysts whose aim is to penetrate the middle class...

Household credit growth remains pedestrian

June SARB credit data, released today, showed pedestrian growth rates for both total mortgage advances growth as well as for overall household sector credit growth. The total value of mortgage advances outstanding rose 3.4% year-on-year in June, which was unchanged from the previous month's growth rate...

Look before you leap

THERE are all sorts of reasons for homeowners to contemplate moving to a bigger or more upmarket property, such as the need for more space to accommodate a new home business, growing children or ageing parents, or perhaps just the desire to live in a better area...

Luxury homes in doldrums

Property in the luxury home segment is the most sluggish at present, according to FNB's Estate Agent Survey for the second quarter of 2010, released on Tuesday...

Tenants’ rising costs ‘a problem for rental market’

Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants’ costs higher...

Tips for DIY home auctions

PRETORIA - Most residential streets these days are dotted with For Sale signs. Many of these signs remain for months, sometimes years. Few options for offloading properties are available to private owners who want to do so quickly; it's an estate agent, an auction house or self-advertising. In most cases the process takes a lot of time...

Top green management tips for operating a sustainable building

Architects and builders are just the first in a long line of professionals who influence a building's environmental sustainability over time..

Focus On

The Midlands Meander, KwaZulu Natal,
South Africa

Howick is a country treasure of arts and craft, shops, restaurants, accommodation and dozens of captivating ports of call. Situated in KwaZulu Natal.

>> Property in Howick
>> Property in KwaZulu Natal

Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Search for property in your area

Enter City/Suburb:

In the Area

The areas we are going to take a closer look at this week are;

  • Lephalale (Ellisras)
  • Natal Midlands
In the area 1 - Lephalale

Located in the Limpopo Province, Lephalale, the town formerly known as Ellisras, is fast becoming a real estate hot spot due to unprecedented industry growth in the area...

In the Area 2 - Natal Midlands

Inland of Durban, nestled between Pietermaritzburg and the Drakensberg Mountains, lies the Natal Midlands. Considered to be an idyllic location for some rest and relaxation, this is a scenic area filled with stretches of farmland, charming little towns and a wonderful arts and crafts route...

To the editor

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Seminars and Workshops

To compliment the main convention programme the GBCSA is offering the following more detailed seminars and workshops. Take this once off opportunity to spend time in a small group with one of our local or international presenters...

CyberProp Property Count: 30/07/2010

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Properties for Sale: 138,511
Properties to Rent: 10,218

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