18 Sep 2012

Property & Real Estate

 



Telkom in the firing line

There are some people who might be forgiven for having a sense of schadenfreude at the news that while Telkom is appealing against the fine it got for uncompetitive behaviour, the Competition Commission is also appealing - for a heftier fine. For years South Africans from all walks of life have bemoaned Telkom's high charges. Organisations need to know that when people reckon they are being ripped off, there can be consequences.

Good news for Denel is that a new agreement strengthens Denel Aerostructures' role in A400M manufacturing. It's hoped that the development will contribute significantly to the financial turnaround of the South African company and confirm its position as a top-tier supplier on the world's most advanced military airlifter.

There's more to climate change than just higher food prices... Robbie Louw writes that recent research, conducted in Cambridge, Massachusetts, links the social unrest that plagued the world during 2008/9 and 2011 to high world food prices. The research linked 28 events of social unrest in 22 countries, in which more than 12,000 people died, to the food price index exceeding a critical level.

In the wake of the Woolies saga, the government has plans to strengthen the employment equity law.

Finally, from a man who himself epitomises French flair and panache, our tame motoring editor, Henrie Geyser reckons that the new Renault Fluence literally oozes French flair.

Rod Baker, content director

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Property & Real Estate


First economically mixed housing development for Cape Town
Power Construction and the City of Cape Town are to partner in launching Cape Town's first economically mixed housing development: 3 200 housing units in the Zeekoeivlei/Grassy Park/Strandfontein area. Read more >>

CPA exposes estate agents to greater risk
Delegates who attended a recent Rawson Properties Western Cape Franchisee Conference were told by Elana Hopkins, an attorney with the Cape legal firm Dykes, van Heerden, Slabbert and Hopkins, that many members of the legal fraternity believe that the new Consumer Protection Act does expose the agent to a greater risk than ever before. Read more >>

REIT tax proposals restricts foreign property investment
[Peter Dachs and Bernard du Plessis*] The long-awaited Real Estate Investment Trust (REIT) tax proposals have been introduced as part of the recent Draft Taxation Laws Amendment Bill. While the effective date will only be an undetermined future date to be announced by the Minister of Finance, the proposals seek to standardise the tax treatment of Property Unit Trusts (PUT) and Property Loan Stock (PLS) companies. Read more >>

Homes near good schools come with a premium
Figures from the property analyst, Lightstone, have shown that suburbs in all the major cities in South Africa which have established good schools, producing satisfactory academic results, are rated very highly by potential homebuyers, says Tony Clarke, managing director of the Rawson Property Group. Those looking to invest in property should always consider how well supplied an area is with good schooling. Read more >>

Online property marketing is agents' preferred medium
Research shows that online property portals have become the biggest means for agents to advertise property, and are considered the most effective. This comes after South Africa's leading online portal, Privateproperty.co.za, conducted research with 312 agents across the country to ascertain trends in the property industry in South Africa. Read more >>

Higher compulsory educational qualifications for auctioneers is to be welcomed
[Tanya Jovanovski] The new rulings requiring auctioneers to have recognised N2F4 and N2F5 qualifications (the latter in the case of principals) are to be welcomed because they will introduce a measure of regulation and stability to the auction industry. The allegation that the auctioneering industry had been subject to too few controls is probably valid and some form of tightening up is therefore necessary. Read more >>

Commercial


Aucor Property to hold multiple auctions in Joburg
Aucor Property has announced that its September multiple auction will be held in Joburg on 20 September 2012, at the Park Hyatt Hotel, Rosebank. The auction will start at 1pm. Read more >>

Positive factors make this a good time to invest in property
[Paul Henry] Repeated advice from investment consultants to the effect that portfolios should always be "balanced", by having a significant proportion of the assets in real estate, are only too easily shot down by those favouring other, possibly more volatile, asset classes, especially at a time when, as now, stock exchanges are hitting record highs. Read more >>

Residential


Seminar offers useful hints for buyers, sellers
An informative property seminar which will provide useful, expert advice for anyone considering selling their property or investing in a new home will be held on Tuesday, 2 October from 5-pm at the Maritzburg Golf Club in Kwa-Zulu Natal. Read more >>

Shortage in student homes makes it a good investment
It is that time of the year where parents start thinking about where their children will live when they finally set off to university, and the ideal time for investors to benefit from student housing. Student housing is as important as what and where your child will study one day. Read more >>

Residential home prices are slowing down
The latest statistics from ooba bond originator show a marginal year-on-year house price growth of 0.7% to R836 055 in August 2012 and a month-on-month decline of 1.3% from R846 863 in July 2012. Read more >>


Company news

Rental


"Generation Rent" brings opportunities for property investors - Private Property
[Cathy Nolan] Recent recessionary times have brought about more than a depressed property market: the state of the global economy seems to have influenced an entire generation's opinion on home ownership. Indeed, international estate agency Engel & Völkers has even named this investment-averse sector of the population: Generation Rent. Read more >>


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