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Property & Real Estate

Weekly top stories


'Chic and hip' Rosebank in high demand
[Peet Strauss] Rosebank, a favourite among Johannesburg residents for its vibrant commercial and entertainment hub, is becoming one of Johannesburg's fastest growing development nodes. Read more >>


Commercial
Regus opens new gateway into Africa with launch of business centre
Gaborone increases flexible workplace provider's footprint to 17 countries in Africa and 101 globally. Read more >>

Delta to buy Tembisa Mega Mart

Nick Hedley

The Tembisa Mega Mart development in Gauteng has a new buyer in the form of JSE-listed Delta Property Fund‚ after a previous deal to buy the township mall failed. Read more >>

Three-year refurbishment project for Hilton Durban
The Hilton Durban has commenced the biggest refurbishment programme in its 17-year history. Read more >>

Property Management
Repo rate unchanged for now
On Thursday, 27 March, the Monetary Policy Committee of the Reserve Bank announced its decision to keep the repo rate at 5.5%. Read more >>

MPC's decision to hold interest rates at current levels absolutely right
The South African business community and the property marketing and development sector in particular breathed a collective sigh of relief yesterday when the South African Reserve Bank's Monetary Policy Committee announced that it will be holding the interest rate at its current level. Read more >>

Interest rate stability a vital boost as housing market starts to rebound
With the housing market in a much healthier position than what it has been for years, there is every reason to believe that it is poised for a rebound. Read more >>

Property valuations: objecting outside of advertised roll inspection periods

Chantelle Gladwin and Adam Civin

This article examines when an objection to a municipal property valuation can be submitted, and what can be done outside the prescribed time periods for submitting objections to reduce the impact on the owner of the property where the municipal property value is unrealistically high and the owner is being billed high rates charges as a result. Read more >>

CPA imposes extra inspection duties on the estate agent
Estate agents selling a home will inevitably find themselves intruding on the seller's privacy and this can cause annoyance. Read more >>

Changes to the NCA not as drastic as some think

Mike van Alphen

The removal of adverse consumer credit information and information on paid up court judgments, published in new regulations of the National Credit Act 2005 on 25 February 2014 has caused some alarm in the property sector. Read more >>

CPA could still prove a powerful tool in the hands of a dissatisfied customer
When the Consumer Protection Act was first promulgated some three years ago, many people in the real estate sector were worried that it would lead to regular cancellations of sale contracts and/or post sale disputes in which the agent and the seller would be held responsible for any number of problems, including defects of which they had simply not been aware. However, thus far this has not yet happened. Read more >>

Property: a simpler alternative for investors
According to Bill Rawson, property pundits like himself, who advocate that property should form a large part of their investment portfolio, say 25% to 30%, are regularly taken to task by others who prefer the stock market as an investment channel and are inclined to point out that, although property may be a reasonably "safe" investment, its returns are very seldom spectacular. Read more >>

Rental
Sharing the burden of rising property and interest rates
South African consumers are being warned that 2014 may be a tough year: interest rate increase, petrol price hike up to R16/l and, as a result, there are concerns that the price of food and public transport will also increase, putting more pressure on consumers who are already struggling to make ends meet. Consumers can no longer afford the luxury of more credit and rather than wondering whether they should buy or not, believe they have no choice but to rent. Read more >>

Slow paying tenants should no longer be a landlord's headache
Owning a rental property is seen by many as an investment, but enter into discussion with a landlord and soon you will discover that it can also be a very frustrating experience. Read more >>

Rising rents lead to higher sales prices
In high demand areas, rising rents almost always lead to higher sales prices. Read more >>

Residential
Buyers find Langebaan home prices 'exceptionally low'
Estate agents working in Langebaan, the attractive West Coast village just 100km from Cape Town, have only one message to give to those interested in the property prospects in the area. Read more >>

Many home buyers fear the foundations are cracked
Rightly so, there is a big fear among some prospective home buyers that somewhere, perhaps below the floor level and possibly hidden underground, the foundations of a home or its concrete flooring may be cracked to a dangerous degree. Read more >>

Coastal residential market picking up
Negatively impacted by the recession, the coastal residential property market, in particular the leisure market, has battled to regain momentum in the prevailing challenging economic trading conditions. This summer, however, and in particular during the past holiday season, interest and activity in the coastal residential market has picked up among holiday and retirement buyers, Pam Golding Properties reports. Read more >>

Repo rate good news for homebuyers

Andrew Golding

The anticipated announcement by the Monetary Policy Committee (MPC) to keep the repo rate steady this month is good news for aspirant homebuyers and those with existing home loans. Read more >>

Are three bedroom apartments worth it?
Lightstone, a provider of comprehensive data, analytics and systems on property and business assets looks at whether three bedroom apartments are worth it. Read more >>

GSB course tackles the African housing finance problem

Issued by UCT Graduate School of Business

While Africa's housing backlog can rightly be called a crisis, it is not an unsolvable one - according to Robert McGaffin, convener of an executive education short course at the UCT Graduate School of Business (GSB) on housing finance in sub-Saharan Africa. Read more >>

The house that Oscar built

Issued by Private Property

It doesn't come as much of a surprise to hear that Oscar Pistorius has put his home in Silver Woods Country Estate on the market. Regardless of what really happened on the fateful night when he killed Reeva Steenkamp, it was always unlikely that he would return to live in the property. Read more >>


People on the move

  • Engel & Völkers welcomes Johan van der Walt - more info

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All industry news


Marketing & Media
    Gareth Cliff quits 5FM
    Journalism or prescriptivism? - Leigh Raymond
    Global toy company to launch into African markets

    Medical
      Medic Alert bracelets can save lives in food allergy attacks
      Rotary brings free health services into underserved communities in Africa
      New expanded committee for IPASA

      Retail
        Witchery, Mimco open in South Africa
        Local is the new luxury - Jessica Taylor
        Woolworths wins international award for store design

        Government
          Petrol price to increase in April
          Minister meets NHLS to discuss new funding model
          Four parties removed from ballot paper

          Mining
            Mining Forum committed to stabilising mining sector
            Mine to create over 3000 jobs for NW
            Africa's resources key to unlocking its wealth - Ndaba Dlamini

            CSI
              Team Absa rider William Mokgopo wins Amabubesi medal
              No make-up selfie pics could be a social revolution in the making - Norma Young
              IBM supports economic growth opportunities in South Africa

              Finance
                Cash flow management essential for small enterprises
                Changing role of accountants in the digital age
                Passive investing enables consistent returns

                Agriculture
                  AFWE plays a vital role to empower emerging farmers
                  Youth key in growing Africa's agricultural sector
                  Musicians unite to promote agriculture in Africa

                  Building
                    Almost 10,000 inmates trained as artisans
                    Building industry invited to get involved in WDC 2014
                    City of Cape Town working to appoint contractor

                    GreenBiz
                      SA saves 575 MW of power during Earth Hour
                      Spider-Man working with Earth Hour, WWF SA

                      HR & Recruitment
                        New B-BBEE codes encourage employment of disabled people
                        The Fresh Group hosts dialogue on future of businesses
                        Entrepreneurship an answer for SA's unemployment crisis

                        Legal
                          Adams & Adams named best IP law firm in SA
                          Deduction of audit fees considered by SCA - Graeme Palmer
                          Africa should have its own court: Motlanthe

                          Manufacturing
                            Seems Burger King IS SA's best burger
                            Manufacturers move to the cloud
                            Clover Industries deals coming through

                            Education
                              Wits to launch CoE in Mathematical and Statistical Sciences
                              Tablets help students in Gauteng
                              TEAMtalk media to launch sports journalism academy

                              Tourism
                                Local events boosts Cape Town tourism sector
                                kulula hosts first ever braai in the sky

                                ICT
                                  Blocking social media is not the answer to IT security risks
                                  Text messages may save lives in flood-prone Africa
                                  Retailers miss deadline to foil online fraudsters

                                  Logistics
                                    Santaco continues fight for subsidy

                                    Lifestyle & Entertainment
                                      The Fray to tour SA
                                      Tickets on sale for Top Gear Festival, Durban
                                      Jeremy Loops album debuts at number one

                                      Automotive
                                        Three-wheeler market gaining momentum, research finds
                                        Fortune names Goodyear the world's most admired Motor Vehicle Parts company
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