27 Aug 2013

Property & Real Estate

Wishful thinking?

You can't blame the government for trying, but let's face it, unless there is some sort of radical change in the mindset of the unions, the government call to them to keep those strikes peaceful is going to fall on incredibly deaf ears.

Our so-called 'strike season' has been marked for years by wanton acts of mindless violence, which of course have never been on the part of 'our members'. It's always the other union, or a 'third force' or whatever that has trashed businesses, looted shops, beaten, murdered, etc. Well, perhaps this year it will be different - but don't hold your breath.

Still on the subject of trashing, Douglas Kruger has a step-by-step process for those bosses out there (and yes, there are such morons) on how to trash a great team.

Do we live in a classroom or the real world, asks Courtney Bentley. As we all know, our education system is ... well... you know ... but apart from the basics that any decent education system should inculcate into its pupils, Bentley reckons there's a need to teach some basic life skills as well.

For all you petrol heads out there, our tame motoring editor Henrie Geyser reckons the new Volvos are as smooth as Irish coffee, and as a man noted for his cheery, chiselled features, he also reckons the baby Merc gets A for looks. Well, come on... he knows... wouldn't he?

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

Internet radio show for SA Home Owner
SA Home Owner magazine (SAHO) announces the launch of its internet radio show, The Home Owner Show, today 22 August 2013 from 2-3pm. Read more >>

Commercial
Ascension aims for distribution growth
Ascension Properties reported a "successful" maiden year as a listed property fund‚ having met its distributions forecast and substantially grown its portfolio in the year to June. Read more >>

Listed property funds eye Rosebank‚ Gautrain
[Joan Muller] The reshaping of Rosebank's skyline is gathering pace as listed property funds‚ private investors and financial institutions continue to pour millions of rand into Gautrain-driven development opportunities. Read more >>

Retailers hit sweet spot in Africa
[Zeenat Moorad] Africa's scope for investment is steadily increasing and demand for more formal retail options from shoppers is following suit. Read more >>

Knight Frank enters commercial association with Galetti
Galetti, the South African commercial property consultancy, has secured a formal relationship with Knight Frank. The newly formed Galetti Knight Frank will service its collective clients' commercial property needs across South Africa. Read more >>

Property index falls on rate hike fears
The local property index was on track to being the second-worst performer on the JSE on Thursday (22 August) as the index dropped by 1.63% because of a spiral in local bond yields‚ which raised expectations that the South African Reserve Bank could lift interest rates before the end of the year. Read more >>

After sales service shows the agents that are worth it
The real test of an estate agent's ability and dedication is not so much how he markets and sells a property, but how fully they are involved with the seller, the buyer and the conveyance, as well as certain other service providers after the sale has gone through. This was said recently by Tony Clarke, MD of the Rawson Property Group. Read more >>

Hospitality distribution rises 19% to 134.6c
[Nick Hedley] JSE-listed Hospitality Property Fund‚ which invests in hotel and leisure properties‚ on Wednesday (21 August) reported strong year-on-year distribution growth for the year to June‚ underpinned by the recovering hospitality business environment. Read more >>

Emira Property Fund distribution up 3.5%
Emira Property Fund has declared a distribution of 114.59 cents per Emira participatory interest (PI) for the 12 months to June. Read more >>


Residential
New apartment block for Green Point
Green Point is one of Cape Town's most cosmopolitan neighbourhoods and combines big-city convenience with a laid-back, easy-going vibe - making it a sought-after option for buyers who want upmarket amenities on their doorstep, but who also want to be a stone's throw from the beach and top-notch parks. Read more >>

Select your tenants carefully
Although right now the number of buy-to-let investors in the residential property sector is well below the previous peaks, an upswing in this field is definitely on the cards because rents are rising very satisfactorily year-on-year - and this, said Tony Clarke, the Rawson Property Group's MD, makes it all the more important to ensure that tenants taken on now are very carefully selected. Read more >>

Sandton residential property market remains robust
The flight of many businesses from the Joburg central business district, including the Johannesburg Stock Exchange, in the 1990s resulted in Sandton becoming the new financial district of South Africa. From then on, the area boomed and has continued to do so even against the backdrop of a sluggish economy. Read more >>


New events to diarise

Galencia Property SA Derby afterparty w/h DJ Fresh
Kyalami Park Club - 6 Oct 2013 Johannesburg


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