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31 May 2013

 
FROM THE EDITOR

According to Thomas Matlala, president of the South African Institute of Black Property Practitioners, the South African listed property market could grow in worth from about R240 billion to become a serious global player if the government unleashes its properties that are not listed. Read more in Sale of Government properties can help the sector grow

Potholes, potholes, potholes and more potholes.They don't just affect us on the roads anymore. They have made their way into our properties as well. Read more on how decaying suburban road infrastructure poses a real threat to the city’s residential property values, in Poor road maintenance a threat to Joburg home values

Ever been in a quarrel with a neighbour over high levels of noise? Well, have a look at our tips on Dealing with noisy neighbours

Zimbabwe has been facing political and financial turmoil for more than a decade, derailing the government’s ability to function and respond to crises, adding pressure to the country’s real estate sector. Continue reading in Sluggish economy weighs on Zimbabwe’s Real Estate Market

Enjoy!
The editor

In This Issue
Property of the Week

Glenwood, Durban, KZN- South Africa
Modern Doublestorie Home with lots of extras !


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News

Rand, bond yields impact listed property
South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013...

South African GDP grows by 0.9% in first quarter

The increase in GDP was lower than the 2.1 percent achieved in the fourth quarter of 2012. However, when compared to the first quarter of 2012, the GDP increased by 1.9 percent...


House price growth possibly slowing - but still likely to be above 7%
The on-going endeavour among property trend watchers to obtain a clear picture of movements in the housing sector was recently given clarity by a thorough analysis from Absa....

SA 'a frontier for real estate growth'
South Africa's main centres - Johannesburg, Cape Town and Durban - have been pinpointed as part of Africa's next frontier for commercial property growth...

Listed property sector could double

Market commentators believe the introduction of the South African Real Estate Investment Trust (REIT) earlier this month could act as a catalyst for further listings...


Decline in Consumer Credit Health in the 2nd Quarter Poses Retail Sector Risk
Household cash flow remains weak and price inflation resulting from rand weakness continues to offset the positive effect of income growth...

Investing in Africa pays off long term
South African retailers are driving commercial development in Africa. As they expand so does the need for retail and office space in cities such as Lagos, Ghana, Nairobi, Maputo and others...

New Bank standards may tighten screws on Commercial Real Estate Lending
When it comes to commercial property, 40% of the purchase price must be raised by the borrower, with the remaining 60% being loaned by a financial institution...

Sale of Government properties can help the sector grow
The South African listed property market could grow in worth from about R240 billion to become a serious global player if the government unleashes its properties that are not listed...

Poor road maintenance a threat to Joburg home values

Ongoing poor maintenance of Johannesburg’s decaying suburban road infrastructure poses a real threat to the city’s residential property values – particularly in prime areas...


Rebosis property may sell shares to finance new deals
Rebosis Property Fund Ltd., a South African real estate company, may sell shares or raise debt to help fund the purchase of offices and a shopping mall...

Municipal rates clearance certificate

The City of Cape Town announced recently that as of the 1st May 2013, a new system has been implemented for the collection of all arrear rates when a seller of a property applies for a rates clearance certificate...


Accommodation sector looking better

After two tough and tumultuous years the travel and tourism industry looks set for a recovery during 2013, with an increasing number of market watchers saying there is a positive outlook for the accommodation sector...


RE/MAX results indicate solid growth ahead for 2013
Based on the first five months of 2013, RE/MAX of Southern Africa reported a 28% year-on-year increase in registered sales transactions across the country...

Have you got it covered?

Although natural disasters and extreme weather conditions are not always in the foreground of the average South African homeowner’s mind, the fact that so many have occurred around the planet in the last decade... should be a reminder to homeowners that they need to be prepared for any eventuality that could affect them...


Keep insurance and security if house is empty

“If you have sold your home or have bought elsewhere and are awaiting the sale of your home, it is essential to keep the full insurance and security intact on the property until the new residents move in...

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Durban, KZN- South Africa

On Christmas Day 1497 Vasco da Gama first landed here, and named the harbour Rio de Natal (Christmas River) in the mistaken belief that it was a lagoon at the mouth of a river, which was later changed to Port Natal by others who discovered Da Gama's mistake...

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In The Area

The area we are going to take a closer look at this week is;

  • Hout Bay
  • Zimbabwe
  • Ghana
Hout Bay area one of balance

When investigating areas to move to, one needs to weigh up the pros and cons of that area and list all the possible things it might have going for it...


Sluggish economy weighs on Zimbabwe’s Real Estate Market

Zimbabwe has been facing political and financial turmoil for more than a decade, derailing the government’s ability to function and respond to crises, adding pressure to the country’s real estate sector...


Ghana houses biggest shopping mall in West Africa

In the next 16 months Ghana will be home to a US$93million shopping mall which would occupy a area of 27,000 square meters, and house 67 local and international shops...


Property News Continue

Saving electricity in ST schemes

With yet another recent electricity price increase, which is probably being felt by all, it is time for trustees of sectional title schemes or their managing agents to consider installing environmentally friendly systems...


Breaking Green Building News

Enabled by your membership fees the GBCSA was able to join forces with Greenpop to plant trees on your behalf at the The Reforest Fest in Platbos forest (near Gansbaai)...


Step by step guide to buying a ST unit

If you’re considering buying a sectional title unit for the first time, says Johann le Roux, executive director of Propell there are many things to consider and investigate before choosing the scheme in which to buy into...

Dealing with noisy neighbours

Noise nuisance is one of the most common problems in sectional title and the usual suspects include...


Condition report must be signed by sellers

In terms of the Consumer Protection Act, as it stands right now... all sellers of residential properties must sign a condition report on the property that they are selling...


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To the Editor

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Tivvit Property Count 31/05/13

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Properties for Sale: 104,154 
Properties to Rent:11,140 


"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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