25 Jun 2013

Property & Real Estate

Madiba critical but comfortable

The news is topped right now, quite rightly, by reports around Nelson Mandela's health status, which is reported to be critical, but his medical team is ensuring he is as comfortable as possible.

If you're cohabiting, you may need to cough up in the event of an insurance claim... apparently, unmarried couples who live together or keep their possessions at their partner's residence face an increased risk of insurance claim rejections for personal belongings if they fail to fully disclose their living situation to their insurers.

Ouch! The Competition Commission has reached a settlement with 15 construction firms, who have agreed to pay fines to the tune of R1.46bn for collusive tendering. When will these people learn?

Some good news at last! A South African team has won a top supercomputing award, scooping overall top honours at the International Student Cluster Challenge held in Leipzig, Germany, recently.

Finally... look! Have you created or updated your MyBiz Profile on Bizcommunity yet. If not, what are you waiting for... It's so simple and you will put yourself in the running to win a fantastic GoPro camera and accessories worth over R6,000! Go on... get to it!

Rod Baker, Content Director

Submit your company news to propertynews@bizcommunity.com. Exclusive contributions may be sent to contributors-property@bizcommunity.com.

Weekly top stories


Property & Real Estate
SA's current political unrest may cause problems down the line
While it is true that confidence in the South African property market has always been affected by global economic trends, the local political scenario usually proves to be far more influential, said Tony Clarke, MD of the Rawson Property Group - and this, he said, is especially evident when South Africa enters its annual mid-year "strike season", as it is doing now. Read more >>



Insurance implications for cohabiting couples
Unmarried couples who live together or keep their possessions at their partner's residence face an increased risk of insurance claim rejections for personal belongings if they fail to fully disclose their living situation to their insurers. Read more >>

GoPro reader competition: don't forget to create/update your MyBiz Profile!
[Issued by Bizcommunity.com] There's only one week left to create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000! Entries close 30 June 2013, and the winner will be picked via a lucky draw and announced on 1 July on Biz, Facebook and Twitter. Read more >>  visit press office >>


Commercial
Listed property yields may fall
[Nick Hedley] About R34bn has been wiped off the local listed property sector's market capitalisation since the middle of last month, which, analysts say, will make many property deals less viable than before. Read more >>

Tower plans to list on JSE in July
[Nick Hedley] Tower Property Fund intends to list on the JSE under the new real estate investment trust (Reit) structure next month‚ joining 12 other property groups which have listed since 2011. Read more >>

Van Niekerk to run Fountainhead
[Nick Hedley] Former SA Corporate Real Estate Fund's managing director Len van Niekerk has been appointed chief executive of Fountainhead Property Trust (FPT)‚ according to a statement released on Tuesday (18 June). Read more >>


Property Management
Sectional title sales and transactions are complex
[Adjunct Professor Graham Paddock] When it comes to sales and other dealings with conventional freehold property, most people have a very good idea of the processes involved. We may not know how a conveyancer gets a property transferred, but we know that with the assistance of an estate agent we will be able to buy and sell property. Read more >>


Residential
A step-by-step guide to buying a sectional title unit
If you're considering buying a sectional title unit for the first time, said Johann le Roux, executive director of Propell, there are many things to consider and investigate before choosing the scheme into which to buy. Read more >>

Global house prices on the rise
Average house prices have shown the highest rate of growth since Q2 2010, rising 6.6% in the year to March. This is confirmed by Knight Frank's global house price index. Read more >>

Sellers should not overlook benefits of show houses - Clarke
According to Tony Clarke, managing director of the Rawson Property Group, it may be necessary to open one's house to the public as a show house a number of times if one is seriously wanting to sell. Read more >>

Fine & Country sets sights on Port Elizabeth
Fine & Country International Realty SA, an esteemed brand which only branches out to reputable areas after tactical consideration, is now taking on the Port Elizabeth market. Read more >>

Understanding mortgage bond 'cover clauses'
Banks automatically register mortgage bonds with an additional 'cover clause' averaging at an additional 20% of the original loan amount applied for and granted. Read more >>

Just Invest continues growth spurt
Residential property development company Just Invest has recorded sales of R173 million in its first 14 months. Furthermore, once the 98 sales in progress are concluded, the company will have sold 350 properties. Read more >>


Noticeboards

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