17 Jul 2012

Property & Real Estate

 



Any way you spin it, it's a disgrace

Professor Mary Metcalfe's report on the Limpopo textbook debacle paints a grim picture of the state of that province's education department. However, the national education department has welcomed her report, saying that it "adequately captures the complexities of the Section 100 (1)(b) intervention in that province and the difficulties experienced by national government in terms of the provision of textbooks to schools in Limpopo". The bottom line is that their department of education's handling of this disgrace has failed Limpopo's pupils badly.

Possibly manufacturing a little alarm of his own... According to Times Live, trade and industry minister Rob Davies has warned businesses: invest, or lose BEE points. He apparently wants investment in enterprise, supplier, and skills development.

Food, glorious food... possibly not...Phakamani Hadebe, Land Bank CEO, is reported to have said that 22nd century food-security is not guaranteed. He could be right, which is all the more reason why the issue of land redistribution needs to be handled very carefully, and properly.

In the property sector, indications are that there's real transformation in SA's real estate market. Research indicates that almost half of all home loan applications are now being made by black buyers, compared with only about 12% a decade ago.

Finally, on the automotive front, extreme weather over the past few days saw the N1 and N12 closed following heavy snowfalls and rain. And on the petrol-head front, motoring editor Henrie Geyser reckons Hyundai is continuing to strengthen its grip on the local car market, with the i30, for instance.

Rod Baker, content director

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Commercial


Growing economy in Hermanus draws more permanent residents
Strong signs of a more sustained economy draws more permanent residents to Hermanus, long established as a favourite choice for holiday investors and retirees. There is a definite increase in homebuyers leaving large cities to relocate to Hermanus, mainly due to the secure lifestyle in spectacular surroundings. Read more >>

Don Group plans to exit travel sector
The Don Group sold three of its nine hotels for R77,5-million‚ and plans to sell the remaining six once buyers have been secured according to a statement released after the market closed on Wednesday. Read more >>

Property conference tracks trends, forecasts future
SA commercial property's journey over the last 10 years, and its prospects for the next 10 years will be in the spotlight at 10th Annual Investment Property Databank (IPD) Property Investment Conference on 18-19 July 2012 at Westin Grand Hotel Arabella Quays in Cape Town. Read more >>

Protea driving expansion into Africa
As part of its $130-million African expansion drive, the Protea Hospitality Group is to build its fourth hotel in Hoima, Uganda, in the centre of the Albertine Rift Valley's oil exploration, extraction and processing region. Read more >>

Property Management


Cape Town's Twelve Apostles Hotel the best in Africa and Middle East
Adding to its growing list of international accolades, Cape Town's Twelve Apostles Hotel and Spa has been voted the Top Hotel Spa in Africa and the Middle East in the Travel + Leisure 2012 World's Best Awards. The hotel was also ranked in the Top 100 Hotels overall, and awarded the third place on the list of Top City Hotels in Africa and the Middle East. Read more >>

REIT tax dispensation for South Africa by 2013
In its Tax Amendment Bill published last week, National Treasury proposes South Africa's adoption of the internationally recognised Real Estate Investment Trust (REIT) structure for financial regulation and tax purposes. This will bring the country in line with international publicly traded real estate investments and create greater investor certainty. Read more >>

Rosy future for property market in Centurion
City of Tshwane executive mayor, Kgosientso Ramokgopa recently announced that the city plans to raise R750m on the capital market during the next financial year plus an additional R10bn over the next five years to fund infrastructure. One of the main beneficiaries of these funds will be the proposed Tshwane International Convention Centre as well as adjoining road improvements to the site and access to the electricity network. Read more >>

Residential


Transformation in SA's real estate market
Statistics from BetterBond, which represent 25% of all residential mortgage bonds being registered in the Deeds Office, indicate that almost half of all home loan applications are now being made by black buyers, compared with only about 12% a decade ago. Read more >>

Buy-to-let buying indicates a mild rise - FNB survey
While the second quarter 2012 FNB Estate Agent Survey suggested slightly weaker overall residential market demand, it simultaneously points to a further mild rise in the significance of buy-to-let buying in the market. Read more >>

FNB survey indicates a decline in residential property market
South African economic indicators have recently pointed to some slowing in the economy, after a period of relative strength in the summer quarters. However, while a slowing economy may have some dampening impact, some care should be taken with interpretations, as the second quarter is generally a weaker seasonal period than the first quarter. Read more >>

Thousands assisted after Cape Town floods
The city of Cape Town has stepped-up its relief efforts and disaster response teams have assisted 2 566 people in the flood-stricken areas by providing hot meals, food parcels, clothing, blankets, and plastic sheeting, spokesman Wilfred Solomons-Johannes said over the weekend. Read more >>


Company news

Property Management


Redefining relationships in the property industry - Yellowwood Future Architects
Redefine Properties, a property loan stock company listed on the JSE and the second largest company in its industry, contracted Yellowwood to create a brand positioning and marketing strategy that would support their revised strategic direction as a company, in order to lead them into their new financial year and into the future. Read more >>


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