13 Nov 2012

Property & Real Estate

 



The end is nigh...

With five more weekly newsletters to go, and just a few more sleeps until you find yourself pushing and shoving in a crowded shopping mall searching for that one last gift, the news flow is yet to slow! All 26 of our industry newsletters are jam-packed with what's what with the who's who.

The annual Checkers/Shoprite Toy 4 Toy campaign launched this week, so if you have any new or used toys laying about that little Susie's outgrown, why not donate them to a less fortunate child. The campaign runs until early December.

After Randall Abrahams handed over the SAMA CEO baton to Nlanhla Sibisi, the 2013 MTN South African Music Awards is now open for entries. Look out for a few category changes here and there, and have your entries in by 30 November 2012. As my father recites whenever buying his tata ma chance ticket, you have to be in it, to win it...

Still on the topic of winning, well done to the KZN-based African Centre for Crop Improvement for scoring its first award! Conferred by A Green Revolution for Africa for "exceptional contributions to food security in Africa", the ACCI received its award from Nobel peace prize laureate Kofi Annan.

Lastly, in an endeavour to keep our coasts clean and our marine life protected, the Western, Northern and Eastern Cape coasts will soon have bins in which fishermen can discard broken or used line. The project, successfully implemented along the Overberg's Gansbaai shoreline, uses PVC pipe as bins for fishing line. According to John Kieser, sustainability manager of Plastics|SA, the project has received plenty of support from the public and fishermen have also welcomed the initiative. Well done to all involved!

Sindy Peters: Group Head, Content

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Top stories


Editorial news

Property & Real Estate


Proventus Property buys warehouse at N1 City
When Tile Africa recently decided to consolidate its outlets and sell its property with its large warehouse adjacent to N1 City in Cape Town, it was snatched up by Proventus Property for R9.9 million, who now plans to upgrade the property. Read more >>

Government's cutback in spending will increase demand for property
Paul Henry, managing director of Rawson Developers, has drawn attention to an analysis published by the FNB Property Economist, John Loos, an underlying message of which is that house prices in the urban areas, although undoubtedly affected by the recession, will be enhanced by one unfortunate trend in the coming years - a noticeable decline in government spending on the infrastructures of South Africa's big cities. Read more >>

Specify items included and excluded in sales document
When a home is sold, there are all too often issues, arguments and sometimes even court cases about the fixtures and fittings - which form part of the sale and which the owner is allowed to take away with him. Read more >>

After-sales service - an all-important estate agent duty
[Tony Clarke] What sets a truly professional estate agent apart from the casuals, the amateurs and the inexperienced? One factor always stands out: the effort and the care that good agents put in after the sale has been achieved. Read more >>

Proper research is crucial before buying into gated estate
Prospective buyers must do their homework thoroughly before they buy into secure gated estate. If they don't, their lifestyle dream could turn out to be a nightmare. That is the advice to first-time estate buyers from Jeff Gilmour, president of the Association of Residential Communities (ARC). Read more >>

Relatives should assist each other to buy property
Even relatively affluent young people earning substantial salaries these days can find it very difficult to become home owners, says Tony Clarke, managing director of the Rawson Property Group. Read more >>

Property management


Clouds over government leases says Nomvete
[Thabang Mokopanele] Delta Property Fund's chief executive Sandile Nomvete says the cloud hanging over government leases needs to be resolved as it makes it difficult for black-empowered companies to get new leases. Read more >>

Ascension acquires R1 billion property portfolio
Listed property loan stock Ascension Properties Limited have announced that its proposed acquisition of a R1 billion commercial property portfolio from Capital Property Fund is now unconditional. Read more >>

Appoint a qualified agent when selling property - Rawson
There have recently been a number of cases where do-it-yourself sellers, dispensing with the help of an estate agent or in some cases advised by an untrained agent, have accepted offers from buyers - and even allowed them to take occupation - only to find that they were not in a position to buy, says Bill Rawson, chairman of the Rawson Property Group. Read more >>

Rental


Less successful agents are in favour of renting - Rawson
Throughout the turbulent and unsettled periods in South Africa's history there have always been doomsayers who have been quick to advise potential buyers to rent rather than to buy property on the grounds that the future is uncertain, says Tony Clarke, managing director of the Rawson Property Group . Read more >>

Residential


Record home loan approvals for ooba
House prices continued to show a moderate year-on-year growth of 3.8% to R854 740 in October, according to the latest statistics from ooba, South Africa's biggest bond originator. Read more >>

Germiston offers value for money for home buyers
Luxury home buyers with an eye on value are forsaking traditional hunting grounds for Lambton and Klippoortje in Germiston, Gauteng where similar properties cost up to three times less than in areas such as Bedfordview. This is according to Simon Smith, principal of Harcourts Full Circle in Germiston. Read more >>


International
Capital & Counties cash stash of £458m
[Edward West] LONDON, UK: Capital & Counties (CCO)‚ the British-based property group spun off from Liberty International‚ has continued to perform well in the second six months says chief executive Ian Hawksworth in an interim management statement. Read more >>

Tradehold's £1m profit in six months
Tradehold‚ which has retail and property investments in the UK‚ said on Tuesday that although the adverse conditions in the British economy were expected to continue‚ the company's outlook for the next six months was positive. Read more >>

More International...


Company news

Property & Real Estate


Transfer of properties from trusts remains free - for now - Private Property
Agents should be aware that the opportunity for companies, close corporations and trusts to transfer property free of transfer duty to a natural person, under certain circumstances, has been extended to 31 December, 2012. Read more >>


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