20 Aug 2013

Property & Real Estate

Don't sucker Zucker

A researcher who hacked into Facebook chief Mark Zuckerberg's profile to expose a security flaw won't be in the money. Facebook offers rewards for people who find security weaknesses, but not, apparently, if you target the big man himself... in which case you seem to be deemed a hacker who went too far.

Meanwhile, back at Armscor, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has gunned for a couple of the top people and has fired the chairman and his deputy. The dismissals at the state-owned arms procurement agency‚ which are effective immediately‚ follow delays in crucial decisions that have stalled a R9bn manufacturing production contract for a new infantry fighting vehicle by Denel Land Systems (DLS).

Looking for a job? Juliette Attwell, writing this week in the BizCareers column, discusses the social media landscape and how it can affect your career.

Are you in the estate agency business and if so, do you use online marketing tools to generate sales? Here we show you some simple and cost-effective ways to embrace the internet and get the most out of it for your business.

And to end... Don't forget to vote in the Times' Creative Press Ad Challenge and stand a chance to win yourself a Samsung tablet.

Rod Baker, Content Director

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Weekly top stories

Online marketing tools for estate agents
The internet is here to stay and has become a prime marketing medium for everything from property, as in this case, to virtually every other product and service. Read more >>

Property & Real Estate
FNB Estate Agents' Survey finds market gaps between income groups widening
FNB Estate Agent Surveys since early in 2012 have pointed to a broad strengthening trend in agents' perceptions of residential demand. In terms of market segments, the story remains more a lower end one, even after higher priced areas having shown noticeable improvement back in 2012. Read more >>

Buying a second property
Investing in a second property, either as a buy-to-let or as a holiday home, still remains a good investment despite the current economic outlook. Read more >>

Private Property partners with Top Billing to offer largest prize ever in Africa
[Issued by Private Property] As SABC3's Top Billing celebrates turning 21, Private Property is partnering with the iconic show to bring one beyond-lucky South African the opportunity to win a lifestyle worth over R5m! Read more >>  visit press office >>


Commercial
Vunani Property Fund distribution up 19.7% to 77.25c
Vunani Property Investment Fund Limited increased its distribution by 19.7% to 77.25c per linked unit for the year to June. Read more >>

Broll opens new offices in Kenya
Responding to growing investment on the African continent, professional property services provider Broll recently opened its new Kenya offices in Nairobi. Broll Kenya will provide property services to support demand in East Africa. Read more >>

SA's mall space over-traded
There's still money to be made in the highly competitive rural and township retail market if you own established, dominant malls. But it is becoming more difficult to turn a decent profit on new shopping centres, says Resilient Property Income Fund's managing director Des de Beer, one of SA's early pioneers of non-metropolitan retail developments. Read more >>

Arrowhead's 'positive' quarterly results
[Nick Hedley] JSE-listed Arrowhead Properties, which has indicated that it is eyeing opportunities in the residential sector for the first time, said it had posted a "very positive" performance in the quarter ended June. Read more >>

Rockcastle recommends US4c distribution
The board of AltX-listed Rockcastle Global Real Estate Company said on Wednesday (14 August) it had proposed a distribution of 4 US cents per share for the six months to June. Read more >>

Fortress Fund's distribution of 140.70c
Internally managed property loan stock company Fortress Income Fund‚ which last month converted to a Real Estate Investment Trust (REIT)‚ reported on Wednesday (14 August) that its total distributions for the year to 30 June increased by 11.72% to 140‚70 cents. Read more >>

Redefine buys portfolio of German properties
[Nick Hedley] London-listed Redefine International‚ which is majority held by JSE-listed Redefine Properties International‚ said on Wednesday (14 August) that it had bought three prime retail properties in Germany‚ for a combined €189m. Read more >>

Putprop's earnings rise on better values
JSE-listed property investment group Putprop says that its headline earnings per share are expected to be between 79.4c and 94.2c for the year to June compared with earnings of 74.1c last year. Read more >>

Oasis builds new 'oasis' for McDonalds
[Nick Hedley] Sharia-compliant Oasis Crescent Property Fund has entered into a lease agreement with McDonald's SA to build a new McDonald's restaurant‚ McCafe and Drive-Thru in KwaZulu-Natal. Read more >>

Spar opens first forecourt store
[Nick Hedley] Listed retailer Spar Group has joined the foray into the forecourt stores business with the opening of its first Spar Express store in Germiston on Wednesday, 14 August 2013. Read more >>

Tower Property Fund first to list on JSE under new REIT structure
Tower Property Fund was officially the first new fund in South Africa to list on the main board of the JSE under the Diversified REITs sector when it listed recently. Tower successfully raised R300m for the listing. Read more >>


Property Management
What you need to know about 'historical' property debt
A recent court battle between the City of Tshwane Metropolitan Municipality and a small group of property buyers has shown protecting property buyers from historic municipal debt is not quite so clear-cut. Read more >>

Your home is your sandcastle
"Home is your sandcastle" is a headline which appeared in the UK's Daily Mail recently (28 June 2013). The author goes on to say that (UK) "seaside houses can be eye-wateringly pricey but they make for shrewd investments'. Read more >>


Residential
Things to think about before house hunting
When you decide to start looking for a property, you'll be overwhelmed by the different property types, locations, prices and conditions. Kevin Mountjoy, national sales manager at ooba, provides a checklist when taking your first step up onto the property ladder. Read more >>

FNB's e-learning home ownership programme takes off
FNB's Affordable Housing division has taken its compulsory home ownership education programme for first time home buyers out of the classroom and onto the web. Read more >>


Jobs offered

Lease Administrator - Cape Town
Property Manager - Cape Town



New events to diarise

Galencia Property Derby
Younique Concepts - 2 Oct 2013 to 6 Oct 2013 Johannesburg


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