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Articles published in February 2008

 
Delays when farmers want to sell
01 Feb 2008
Six farm owners in Lutzville in the Western Cape have been in a tug of war with the government for more than three years over a land claim. By Lucille Botha
House price slows to 13,2% in Sept
01 Feb 2008
The Lightstone National House Price Index has continued its declining inflation path, reaching 13,2% in September 2007, down from a year-on-year inflation rate of 17% in September 2006, it showed on Thursday. I-Net Bridge
Firm offers to build power plants
01 Feb 2008
French nuclear giant Areva has offered to build 10 more nuclear plants in South Africa in addition to an earlier plan, announced last week, to build two, it said on Thursday. I-Net Bridge
Small Jhb suburb has good value
01 Feb 2008
Waterval Estate, situated next to Milner Avenue, is one of the quietest residential suburbs with regards to market activity, due to the fact there are approximately only four streets. By James Monteiro
Umlazi residents to buy 25% of mall
01 Feb 2008
An agreement was finalised to sell a 25% stake in Umlazi Mega City, a Durban township shopping centre, for R50m to Sizovuna Investments, a company owned by Umlazi residents and community organisations.
House price growth flat y/y in Jan
01 Feb 2008
South African median home prices were flat for the second consecutive month in January after moderating to 6,5% year-on-year (y/y) in November from 10,2% y/y in October, the Standard Bank's property gauge showed on Friday. I-Net Bridge
Property discussion paper published
01 Feb 2008
The National Treasury has published a discussion paper entitled Reforming the Listed Property Investment Sector in South Africa.
Dbn to get new FNB Beach Branch
01 Feb 2008
Brickfield Road, Durban, was chosen as the location for First National Bank's new Beach Branch office.
SABS okays new building method
01 Feb 2008
The SA Bureau of Standards (SABS) has reportedly given approval in principle for a pilot project using alternative building methods in Johannesburg's Northcliff. By Tracey Sandilands
How to make sure your Property24 listings are effective and how to get the results you need.
01 Feb 2008
There are agencies that get more than 200 full views per listing per month on Property24. Why are these agents' listings so successful in attracting views? P24 consultant Louis van der Vyfer gives some tips on how to get it right.
Summer time is water safety time
01 Feb 2008
The approach of summer brings with it the anticipation of a warm, cloudless day beside the pool, a cold drink and a hot braai. But it should also act as a reminder to review your water safety precautions, particularly if you have young children...
What foreign owners should know
01 Feb 2008
What foreign nationals should look out for when they buy immovable property in South Africa.
Hints for buyers in 2008
01 Feb 2008
The South African property market has shifted decisively from a seller's market to a buyer's market and experts say prospective home buyers will be able to find excellent bargains in 2008.
Overberg still has affordable value
01 Feb 2008
Whilst house prices in the Overberg hit a record high there is still value to be found in the Overberg.
ER suburb offers good entry point
04 Feb 2008
Located in the heart of Edenvale, Eden Glen has close access to the R24 highway, which leads into the Jo'burg CBD and Sandton, as well as to Midrand and Pretoria lying in the north, via the N3 Eastern Bypass. By James Monteiro
Winelands agri property in demand
04 Feb 2008
A leading South African property group has established an agriculture branch in Paarl to focus specifically on agricultural property, and say that there is still strong interest in this sector.
Bargain hunters join property fray
04 Feb 2008
The glut of properties for sale developing in most cities and coastal holiday resorts is encouraging cash-flush investors to return to the market in search of cheap deals with desperate sellers. By Joan Muller
PE to get R300m residential project
04 Feb 2008
As Port Elizabeth's urban renewal plans take shape, the suburb of Sea View will receive another shot in the arm in the form of a 52- unit premium residential development located next to the site of the old Sea View hotel.
Cash investors target South Coast
04 Feb 2008
Margate and surrounding areas on the KwaZulu-Natal South Coast drew many property investors during the recent summer holiday season – and most of them paid in cash.
Mortgage convention coming to Jhb
04 Feb 2008
The mortgage industry is gearing up for the first Annual Mortgage Southern Africa 2008 Convention in Johannesburg on 12 and 13 March
Give it some character with colour
04 Feb 2008
Colour trends come and go, but your preferences will last a lifetime.
Give your driveway kerb appeal
04 Feb 2008
Kerb appeal is the traditional watchword for homeowners who want to sell their properties – and that means that your front entrance should be welcoming and appealing.
Young pioneers head for Barrydale
04 Feb 2008
Young homebuyers have discovered the quiet charm of Barrydale, the gateway to the Klein Karoo, and are bringing new skills to the village.
Upmarket units available in Margate
05 Feb 2008
While prime sectional title real estate in Margate has shot up by as much as 30% in value since 2006, the popular seaside town is still managing to service the needs of middle-market buyers with a few select new offerings.
Pta heritage beacon being revamped
05 Feb 2008
Tudor Chambers, one of the heritage treasures on Pretoria's Church Square, is being restored to its former glory at R20m. By Elma Kloppers, Sake24
Integrated housing project unveiled
05 Feb 2008
AltX-listed integrated housing developer Calgro M3 Holdings (CGR) will build 5,500 integrated housing units in Eleurhoff outside the Johannesburg CBD at the cost of R1,6bn, it said on Monday. I-Net Bridge
Land shortage boosts PE commercial
05 Feb 2008
Commercial and industrial property can be lucrative investments, offering investors a variety of opportunities to accumulate wealth.
View property the multimedia way
05 Feb 2008
A multimedia marketing concept has now been introduced in South Africa to help potential buyers to view properties.
Grasp voetstoots and save tears
05 Feb 2008
Buying property may appear an overwhelming jumble of words, legalised and financial discussions, but understanding the language and its implications may prevent heartache further down the line.
Technology eases relocation blues
05 Feb 2008
Selling up and moving has long been identified by psychologists as one of life's top stress-triggering experiences, but technology and the upskilling of agents are combining to make the experience less onerous for consumers.
Let home be staged before selling
05 Feb 2008
A leading property group has teamed up with a new Cape Town company to offer their clients a home staging service prior to putting their home up for sale.
Property24 sets searching record
05 Feb 2008
Property24, SA's biggest property portal, recorded 220,261 unique browsers during the month of January 2008 – the first time the portal has broken the 200,000 mark – and clocked up almost 4m page views.
Fewer projects due to power cuts
06 Feb 2008
All the indications seem to be that power cuts are likely to accelerate until well into the future. This could mean fewer developments taking place
Pta development launches phase two
06 Feb 2008
Having launched in November last year, Property24 then published an article on a new development called Crimson Manor, situated in Montana Gardens,
High demand for Atlantic properties
06 Feb 2008
The unspoiled beauty of Cape Town's Atlantic Seaboard has, through the peak summer season, continued to work its magic on buyers foreign and local alike.
WC market still holds great promise
06 Feb 2008
A recent Western Cape survey by a leading property group reveals that there are still good opportunities in the market for homebuyers and investors alike.
Property fund takeover looming
06 Feb 2008
Property fund Pangbourne (PAP) may be interested in buying rival fund Siyathenga Property Fund (SYA), the two companies said on Tuesday. I-Net Bridge
Power crisis hits building industry
06 Feb 2008
The building industry and property developers in South Africa are fed up with Eskom load-shedding, saying the ongoing power-cuts are causing havoc in the industry. By Brenda Nkuna
KZN's Umtentweni lures home buyers
06 Feb 2008
Umtentweni on the south coast of KwaZulu-Natal is attracting increasing attention from home buyers from around the country, including Durban, Pietermaritzburg, Gauteng and the Free State.
Explore the diversity of Gauteng and the Free State
06 Feb 2008
South Africa's Gauteng and Free State provinces are complete opposites in many respects, although both are inland provinces. While Gauteng is seen as the business capital, the Free State is known as the country's biggest agricultural industry...
KZN – showcasing superb coastline
06 Feb 2008
Kwa-Zulu Natal is one of South Africa's most beautiful provinces and home to the Zulu kingdom. Richly endowed with natural beauty, Kwa-Zulu Natal is homeland to the Drakensberg mountain range and a coastline dotted with small towns.
Finding fractional property outside SA's borders
06 Feb 2008
Africa as a tourist and property market has seen many positive changes. With countries like Botswana and Kenya boosting their economies with safari travels and its coastal countries with its marine life, it all adds up to why Africa should enjoy...
Huge diversity in the Eastern Cape
06 Feb 2008
The Eastern Cape is a massively diverse province of South Africa, from its arid Karoo area to the well-watered and green eastern section. The province boasts 800km of untouched coastline with some fantastic beaches and the luxury of game viewing...
Enjoy African bush magic in North West and Limpopo
06 Feb 2008
The northern provinces of South Africa - Limpopo and the North West province – offer a mix of the country's nature. Bordering the north and west of Gauteng, both have in their own right some of the most scenic landscapes on the continent.
Buy into a laid-back Cape lifestyle
06 Feb 2008
The Western Cape is famous in South Africa for its incredible scenery and laid-back lifestyle, its mountains and beaches. With Cape Town, Garden Route and the Winelands as its top destinations, the Western Cape's appeal is for the international...
R1,1bn gas station to be built
06 Feb 2008
South African petrochemicals giant Sasol (SOL), Companhia de Mocambicana de Gasuduto, as joint partners in the Republic of Mozambique Pipeline Investment Company (ROMPCO), on Tuesday announced construction of a R1,1bn gas compression station....
Last rate hike was premature
07 Feb 2008
There are concerns in the property market that further more interest rate rises this year will probably shackle the economy and hit the house market hard.
Public outcry stunts rural building
07 Feb 2008
A major difficulty in developing any sort of built structure in South Africa's rural areas is that there will usually be strong emotional reactions to the proposals made.
Why to still invest in property
07 Feb 2008
With growth on the cards in value and rental income alike, selected property is still one of the best investments you can make.
House price growth lowest in 8 yrs
07 Feb 2008
South African house prices in the middle segment of the market slowed to a nominal 9,1% in January – the lowest price growth since December 1999 when it was 9,3%, the Absa House Price index showed on Wednesday. I-Net Bridge
Wise up and power down
07 Feb 2008
Don't think that there is a single South African who has not experienced the recent spate annoying "load shedding"
Century City to get fitness club
07 Feb 2008
A new 4,000sq m exercise and wellness club is being constructed on a prime site at Century City.
Owner occupiers eye CT development
07 Feb 2008
A mixed use development in Cape Town's burgeoning northern suburbs is seeing a growing trend towards owner occupiers seeking to purchase their own office accommodation.
Build contractors compensated?
07 Feb 2008
Building contractors may seek compensation for time lost and costs incurred by power cuts.
Buyers: This is the time to bargain
07 Feb 2008
If you're a homebuyer now, you should be honing your haggling skills.
Property boom to hit West Coast
08 Feb 2008
The real estate boom that has taken the coastal areas of Cape Town, the Overberg and surrounding areas by storm looks set to spread to the West Coast as investors begin to discover this relatively underexposed coastline.
Transport plan to impact property
08 Feb 2008
Never mind Gautrain's impact on property prices in Johannesburg. Stand by instead for the even greater, mainly positive impact of the metro's updated Integrated Transport Plan (ITP).
Drakensberg estate sells 2nd phase
08 Feb 2008
One of the more recent developments in the Drakensberg is now selling its second phase.
Keeping renting in the family
08 Feb 2008
If you want to buy a property to let, you could do worse than buy a home for your parents.
Water programme to aid development
08 Feb 2008
The problems with water shortages for property developments in the Nelspruit area could become a thing of the past, as work has been in progress on a Water Augmentation Programme.
Kouga ready for major growth
08 Feb 2008
Demand for property in the Kouga Municipality District is on the up as foresighted investors turn their focus to where the country's next nuclear power station might be erected. By Mariana Martin, East Cape Property Guide
Mbeki wants to speed up land reform
08 Feb 2008
The South African government wants to speed up land and agrarian reform with detailed plans for land acquisition, President Thabo Mbeki said on Friday. I-Net Bridge
Power cuts aid slowing growth
08 Feb 2008
Absa reported on Wednesday that its latest House Price Index confirmed that growth in the middle segment of the market slowed in January to the lowest since December 1999's figure of 9,3%.
Laundry protest 'a success'
08 Feb 2008
Parktown Heritage & Westcliff Heritage Trust together with The Parktown Association held a protest demonstration on Thursday 7 February 2008, against Imperial Group for illegally demolishing the 1902 provisionally proclaimed heritage site Rand...
Property bursary for PDIs
08 Feb 2008
Five scholarships are offered to previously disadvantaged individuals (PDI) from throughout the country to attend a specialist 10-week distance-learning course in the sales of sectional title property.
How to buy a country property
08 Feb 2008
Stressed urbanites are increasingly succumbing to the allure of a country lifestyle, but it's not so easy to find the right country property.
KZN colonial home on the market
11 Feb 2008
A colonial home in Lidgetton Valley, 40km from Pietermaritzburg, is being marketed at R5m.
Homeowners now have insurance power
11 Feb 2008
Consumers will be able to shop around for the best rate on homeowner's insurance policies under the National Credit Act (NCA), as banks will no longer be allowed to enforce their own insurance products on customers. By Joan Muller
Constantia home selling at R23m
11 Feb 2008
A Constantia home built in 1937 in the Herbert Baker style has come on the market at a price of R23m.
Road upgrade for KZN suburb
11 Feb 2008
Plans to upgrade two of the Upper Highway's most congested roads, namely the M13 and Old Main Road in Hillcrest, announced last week by the eThekwini Municipality, are welcome amd will hold significant benefits for the area's current property...
Property prices will turn in '08
11 Feb 2008
South African property prices will turn the corner this year because the impact of new credit laws is expected to diminish and interest rates hikes are believed to have reached a peak, a property expert said on Monday. I-Net Bridge
SA cement sales up 5,8% y/y in Jan
11 Feb 2008
The moving annual total of cement sales in South Africa increased 5,8% year-on-year (y/y) in January 2008 from the 7,4% y/y increase reported in December, according to Cement and Concrete Institute (CNCI) data released on Monday. I-Net Bridge
Smoking tenants face rental trouble
11 Feb 2008
If you are a smoker and looking to rent accommodation you could be in trouble.
Sole mandate not a death sentence
11 Feb 2008
Sellers who shrink from signing sole mandates are effectively distancing themselves from the protection of the law.
Jhb St Andrews active due to choice
11 Feb 2008
Located to the east of Johannesburg and part of the Ekurhuleni Metropole is the exclusive suburb of St. Andrews in Bedfordview.
R42bn cheap housing deadline looms
12 Feb 2008
Banks are stepping up their involvement in the land supply and development side of affordable housing projects in a bid to meet the Financial Sector Charter's R42bn lending target by end-2008. By Joan Muller
Good address, small home in demand
12 Feb 2008
Sales may be slowing in most sectors of the property market, but there is apparently no shortage of demand for units in the good address, small home (GASH) category.
FNB property confidence dips to 5,1
12 Feb 2008
First National Bank's Residential Property Confidence Indicator for the fourth quarter of 2007 notes a dip in the level of activity to 5,1 from 5,3 in the third quarter. I-Net Bridge
Power cuts affect property choices
12 Feb 2008
South African property buyers say rolling power cuts or load shedding have influenced their buying decisions in various ways, new data showed on Monday. I-Net Bridge
Greater CT rentals rising steadily
12 Feb 2008
Many of the factors that are now slowing down house sales in the Greater Cape Town area will, conversely, also help to raise rentals.
Prices to rise by 60% in next 5 yrs
12 Feb 2008
South African houses prices will be 60% more expensive in the next five years, a senior official at banking group Absa said on Tuesday. I-Net Bridge
Provence show to be held in SA
12 Feb 2008
The first ever Provence property exhibition in South Africa is being held in Cape Town and Johannesburg.
Optimism abounds for agency in KZN
12 Feb 2008
While negativity has been the country's primary outlook regarding the residential property market, a new property group is experiencing the opposite.
Solar can save security systems
12 Feb 2008
Solar power has had plenty of lip service since the energy crisis began, but in many situations it's simply not practical. Home and business security, however, seems to be one arena in which solar can be well utilized to provide back-up for...
It now costs less to build than buy
12 Feb 2008
Residential building activity has slowed significantly on the back of higher interest rates and a softer housing market, placing would-be homebuilders in a good position to negotiate tender prices with contractors. By Joan Muller
Far East Rand gaining popularity
12 Feb 2008
There has been a sharp rise in the number of enquiries from property buyers on the Far East Rand.
ER landmark refurbished
13 Feb 2008
The refurbishment of the 90 apartments and five penthouses in the Orion Centre in Edenvale, east of Johannesburg, was recently completed.
Shelley Beach in growing demand
13 Feb 2008
As evidenced by brisk sales at a new eco-estate, the Shelley Beach area of the lower south coast of KwaZulu-Natal continues to attract home buyers.
Don't try to up your loan with lies
13 Feb 2008
Those who try to get around the stricter restrictions of the New Credit Act (NCA) and increase the size of their mortgage bonds by falsifying their income statements will find that the banks are not easily hoodwinked.
Unsettled UK market holds promise
13 Feb 2008
A UK real estate investment trust said on Wednesday that it sees opportunities emerging from the unsettled UK financial and property markets of 2008. By Jacqueline Mackenzie, I-Net Bridge
KZN commercial boom to continue
13 Feb 2008
In 2006, KwaZulu-Natal was the top performer in commercial property, and according to a local property expert this bullish trend continued through 2007, and should continue in the short to medium term.
Creating a healthy home
13 Feb 2008
Our homes are places for rest and relaxation, and a healthy home is just as important as great style.
Tenant Deposit: What's The Point?
13 Feb 2008
Few realise that a tenant's deposit is not a legal requirement when renting and is completely at the option of the landlord.
Mindalore houses fetch high prices
13 Feb 2008
An average of 8.08 houses per month has been sold in Mindalore over the past two years, and the market is growing steadily.
CT's Newlands still has good value
13 Feb 2008
The Cape Town suburb of Newlands saw residential property price rises of 15% in 2005, 11% in 2006 and 10% in 2007 - but it still offers exceptionally good value.
Lock-up-and-go or keep control
14 Feb 2008
If you like to follow your own lead, think carefully before buying property in complexes where a body corporate or a homeowners' association (HOA) makes the decisions.
Whose name will CT stadium bear?
14 Feb 2008
The City of Cape Town today took the first step in selling the naming rights of its new Green Point stadium.
Estcourt poised to become a new hub
14 Feb 2008
Estcourt is poised to become a key hub in the KwaZulu-Natal Midlands with a new cultural village about to open its doors, a 100-unit Lifestyle Retirement Village just launched and considerable commercial expansion under way.
Delay selling, rather renovate
14 Feb 2008
Taking the current market conditions into consideration, it is advisable to hold off selling property.
Bredasdorp gets first triple-storey
14 Feb 2008
The first three-storey building in Bredasdorp in the Western Cape is being built.
JBay guesthouse going for R14m
14 Feb 2008
Running a guest house together in one of SA's most beautiful places is the dream of many couples. Now a 10-bedroom guesthouse in Jeffrey's Bay in the Eastern Cape has just come on to the market at R14m, making the dream a possible reality for...
Group to open second Sandton hotel
14 Feb 2008
A hotel group has announced its second hotel for Sandton, Gauteng, complementing the Radisson Hotel Sandton which is due to open in late 2008.
Company will mould its display
14 Feb 2008
The Building and Finishings trade Expo 2008 is taking place at the Bellville Velodrome on 8 and 10 April, and a lightweight moulding company is taking part as one of the many exhibitors. By James Monteiro
A sea view will multiply the value
14 Feb 2008
A recent survey by a leading SA estate agency has shown that there is almost nothing like an uninterrupted sea view to enhance the value of a property.
Dbn CBD grows as investment option
15 Feb 2008
The Durban CBD as an investment destination has been a hot topic of discussion for many months.
WC sect. title complex to be built
15 Feb 2008
Soon to be developed in Firgrove just outside Somerset West is a commercial sectional title secure complex with security access control.
Bloem price growth in own league
15 Feb 2008
Bloemfontein's property market is marching to its own drum with price rises averaging well above the current 9% or 10% being achieved nationally.
Property group may buy loan stock
15 Feb 2008
Property group Pangbourne (PAP) may buy property loan stock iFour Properties (IFR), it said on Thursday. I-Net Bridge
Govt says land claims not on target
15 Feb 2008
Only 4.7% of land intended for redistribution has so far gone back to black farmers, Agriculture Minister Lulu Xingwana said in Cape Town on Thursday. In an effort to reach its 30% target by 2014, it intended to acquire five million hectares of...
Investors re-look property stocks
15 Feb 2008
The latest interest rate hike has prompted potential investors to take a closer look at debt levels among South African listed real estate companies. I-Net Bridge
ER suburb's booms a drawcard
15 Feb 2008
Escalating crime and violence across South Africa has undoubtedly raised the popularity of enclosed areas. Allen Grove in Kempton Park is no exception, with two enclosed portions where the demand currently exceeds supply. By Bavani Naidoo
Townships still racing ahead
15 Feb 2008
While higher interest rates and stricter lending criteria introduced by the National Credit Act (NCA) may have put a brake on housing activity in SA's leafy suburbs, township property markets appear to be as robust as ever. By Joan Muller
Fractional Ownership Conference 2008
15 Feb 2008
The Annual Fractional Ownership conference will be held on the 21st August at the Westin Grand Hotel, Cape Town, South Africa.
March workshops on Fractional Ownership
15 Feb 2008
Business-to-business workshops are now available for companies as well as individuals seeking information on the rapidly growing fractional ownership industry.
Even experienced agents are bolting
15 Feb 2008
Indications are that even experienced estate agents are now leaving the industry as a result of tougher trading conditions and tightening legislation.
Globalisation is property buzzword
15 Feb 2008
South African companies now need to plan their futures taking global factors into account.
CT sales up due to southern suburbs
15 Feb 2008
The main reason for increased sales in greater Cape Town in January stems from the now proven ability of Southern Suburbs residential property to hold higher than average values and to buck most downward South African property trends, a leading...
Pros and Cons of Sectional Title
18 Feb 2008
Recently there is a strong trend towards buying properties in sectional title schemes. However this form of ownership is one of the least understood
Famous Constantia home gets buyers
18 Feb 2008
Buyers have been secured for one of Constantia's best known homes, Southern Comfort.
SA aims to clear slums by 2014
18 Feb 2008
Housing delivery will continue to be fast tracked with the objective of accommodating all those seeking homes in formally planned settlements by 2014, says Health Minister Manto Tshabalala. By Vivian Warby, BuaNews
Home invasions hit townships sales
18 Feb 2008
Township property sales are being damaged by tenants who refuse to move out of houses once they are sold, estate agents say. By Ntomboxolo Makoba
Design award for clothing campus
18 Feb 2008
Award winning architecture and design firm Don Albert & Partners is set to receive the Corobrik South African Institute of Architecture (SAIA) Award of Merit for the design of the Proud Heritage Clothing Campus in Briardene on 16 February 2008 at...
Share earnings rise for Group Five
18 Feb 2008
South African construction group Group Five (GRF) on Monday reported a 45% rise in fully diluted headline earnings per share to 145 cents for the six months ended December from 100 cents a year ago. I-Net Bridge
Overhaul your kitchen and bathroom
18 Feb 2008
Just because you don't have a bunch of designers and builders at your beck and call, doesn't mean you can't give your own home an extreme makeover that would wow the professionals and make your friends green.
Northcliff market gains momentum
18 Feb 2008
Property investor activity in Northcliff remained strong in the face of 2007's adverse market conditions, partly because of its competitive entry level offerings, which start at under R600k.
Growing demand for Pta Moot housing
18 Feb 2008
Demand for housing under the R1m mark in the Moot area of Pretoria is growing rapidly.
Sect. title schemes don't dictate
19 Feb 2008
This is the response of one of our readers made regarding the control that body corporates and homeowners have over sectional title complex owners.
Please budget for this, Mr Manuel
19 Feb 2008
In light of the upcoming annual budget speech, an open letter to Finance Minister Trevor Manuel has outlined some proposals to make home ownership more affordable.
Units on offer in new CT estate
19 Feb 2008
An entirely new suburb is being created in the upmarket Plattekloof area in Cape Town.
Annus horribilis looms in 2008
19 Feb 2008
Estate agents and mortgage originators who were expecting the sharp drop in house sales after the introduction of the National Credit Act (NCA) in June last year to be nothing more than a temporary lull have been forced to adopt a more sober...
Rental demand strong in Worcester
19 Feb 2008
Rental demand in this Western Cape town is so strong that good buy-to-let properties are being snapped up within days, if not hours.
R39bn Coega refinery a step closer
19 Feb 2008
Construction of a R39bn crude oil refinery at Coega will help national oil company PetroSA deliver on a Department of Minerals and Energy (DME) mandate that will see PetroSA procure at least 30% of all crude oil consumed in South Africa. By...
Take cautious property approach
19 Feb 2008
The world economy is moving towards possible recession and in South Africa real estate industry pundits are issuing warnings to adopt a cautious approach to the market.
How to be safe in your new home
19 Feb 2008
When you've been through stressful negotiations, the rigors of the home loan application process and the strain of actually moving to your new home, security may not be uppermost in your mind. But it is important to make safety a priority.
Green Building Council gathers pace
20 Feb 2008
The South African Green Building Council (GBCSA), which was established in September of 2007, is moving ahead strongly with an influential Board in place, the establishment of technical sub-committees, employment of staff, and the establishment...
Properties on market in PE suburb
20 Feb 2008
Comprising less than 150 homes, just a handful of roads and the Sacramento Restaurant as its sole business, Schoenmakerskop is Port Elizabeth is a unique suburb.
Don't lose confidence in property
20 Feb 2008
The property industry should not be deterred by the current gloom and doom press that the property sector has been experiencing.
More cash for land reform in budget
20 Feb 2008
Another R2,6bn is allocated for land reform in Finance Minister Trevor Manuel's budget announced on Wednesday. By Michael Hamlyn, I-Net Bridge
Urban renewal incentives extended
20 Feb 2008
Urban development zone tax incentives introduced in 2004 will be extended to 2014 under the latest tax proposal released by the Treasury. By Angus Macmillan, I-Net Bridge
Property leaders comment on budget
20 Feb 2008
This week's budget is being touted as "overwhelmingly positive" but property industry leaders have expressed mixed feelings at the contents.
IEASA part of global housing drive
20 Feb 2008
The Institute of Estate Agents (IEASA) has been accepted as a member of the International Housing Coalition (IHC) – the organisation that co-ordinates efforts around the world to address the issues of urbanisation and housing provision for the...
CT hosts building, finishes expo
20 Feb 2008
This year's Building and Finishings Expo is taking place at the Bellville Velodrome in Cape Town from 8 to 10 April. By James Monteiro
Pta Deeds office loses deeds
20 Feb 2008
The Star newspaper reported in an exclusive article on Wednesday that the Pretoria deeds office has 'lost' a number of fixed property title deeds due to power outages that affected its systems.
Knysna River Reserve gets go ahead
21 Feb 2008
The Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk has given developers the green light to commence with the Knysna River Reserve (KRR) development, which will include a variety of accommodation options. By Michael Appel,...
Foreigners to invest in upmarket CT
21 Feb 2008
The 15% drop in the value of the rand (measured in relation to the dollar) and a 10% drop to the Euro will very definitely reignite interest in upmarket Cape property among foreign buyers.
Invest in Mauritius property
21 Feb 2008
South Africans seeking to invest in property - whether for residential, holiday or investment purposes - now have the option of purchasing property in Mauritius.
CT wants comment on zoning draft
21 Feb 2008
The City of Cape Town has released the final draft of its Integrated Zoning Scheme (IZS) for public comment.
Budget had nothing for homeowners
21 Feb 2008
The national Budget did not contain much for the slowing South African residential property market, Absa, the country's largest mortgage lender, said on Wednesday. I-Net Bridge
CT office demand trumps supply
21 Feb 2008
Until such time as new office developments come on stream, the Cape Town office market will be like a "pressure cooker" as demand outstrips supply.
Sit back, relax and invest
21 Feb 2008
Investors will, for the first time in SA, get the opportunity on Thursday 21 February to buy international property while sitting in selected Ster Kinekor theatres. By Elma Kloppers, Sake24
Trace family property back to 1588
21 Feb 2008
Slaves, property and the colony changed ownership often between 1588 and 1888, and many of the important documents discussing ownership.
2007 building plans passed up 6%
21 Feb 2008
South Africa passed building plans worth R80,4bn last year - up 6%, or R4,6bn, on 2006, official data showed on Wednesday. By Tiisetso Motsoeneng, I-Net Bridge
Rental pool schemes get tax relief
22 Feb 2008
No fireworks in the budget for property but there is some welcome tax relief for prospective buyers of sectional title, share blocks and time share schemes with the introduction of a new transfer duty exemption announced earlier this month.
Extend sect. title units lawfully
22 Feb 2008
Owners who take the law into their own hands at sectional title buildings are a major headache for other owners and the Body Corporate managers.
Types of fractions 'confusing'
22 Feb 2008
Not everyone understands the difference between classic fractions, high-end fractions and Private Residence Clubs. However, in the face of the confusion it is important that consumers are aware of the differences between categories of the...
Units up for resale in WC estate
22 Feb 2008
Although all 91 units of a secure country estate on the banks of the Klein River near Stanford in the Western Cape have been sold, a few owners are now offering units for resale.
PE gets landmark industrial deal
22 Feb 2008
A JSE-listed property group has snapped up an industrial development at Greenbushes in what is being described as a landmark industrial property deal for Port Elizabeth.
Four new SA hotels to open
22 Feb 2008
A hotel group announced on Thursday that it has four new hotels in or about to commence development, at a cost of R622m, in Cape Town, Pretoria, Sandton and Umhlanga. I-Net Bridge
SA show-house visitors dwindle
22 Feb 2008
The number of show-house visitors in leafy, expensive areas dropped sharply in fourth quarter 2007, according to the latest data from First National Bank (FNB). Fin24
Property author comes to SA
22 Feb 2008
Dr. Dolf de Roos, world-renowned property investor, educator and author of books such as Real Estate Riches, Making Money in Real Estate.
Sandton prices hit R40k/sq m
22 Feb 2008
While average house price growth may have slowed to single-digit territory, apartment prices in Sandton's CBD are selling off-plan for more than R40k/sq m. By Joan Muller
Euro lifestyles boost Dbn values
22 Feb 2008
The trend towards European-style living in Durban is gaining momentum to the point that a leading estate agent foresees property prices doubling in "cosmopolitan" areas such as Florida Road and the Point Waterfront within the next five years.
Rules to govern sect. title living
24 Feb 2008
Here are the 10 commandments which need to be borne in mind when living in and/or owning a Sectional Title unit. By Les Reynard
'Conman' dupes 21 homeowners
24 Feb 2008
At least 21 Durban homeowners - who were apparently duped by a conman developer - have been evicted from their homes, police said on Friday.
Ruling on unsafe buildings welcomed
25 Feb 2008
The City of Johannesburg has welcomed the legal certainty surrounding unsafe buildings. By Emily Visser, BuaNews
Live greener in the garden province
25 Feb 2008
The developers of a new residential estate in KZN want to ensure that the buyers get all the green for their buck.
Evander has rising property demand
25 Feb 2008
Although the mining town of Evander, which is experiencing a rising property demand, is a mere 7km from Secunda, it has a completely different culture and property market.
Try this advice in '08
25 Feb 2008
It's a new year and by now many of your well intended resolutions are probably unraveling at the seams, but home owners will be wise to keep certain issues in mind during this year.
Improve commercial property's value
25 Feb 2008
Commercial property investors must be aware of what is required to maximise all aspects of a property's value over a period of time before deciding to sell.
Pta apartments, business for sale
25 Feb 2008
Wedged in between the Union Buildings and the University of Pretoria lies Unicadia self-catering apartments, an apartment block that is strategically located to make the best of a stay in the Jacaranda City. The good news is the business and nine...
Jhb build plans centre a big coup
25 Feb 2008
The Johannesburg metro's introduction of its 'Metrolink' rapid processing centre for building plans is a major step in the drive to facilitate property development.
Wax together some candle holders
25 Feb 2008
DIY expert, shows you how to impress your friends or that special someone in your life by ridding yourself of those drab and boring iron candle hold
SARS closes up tax loophole
25 Feb 2008
A recent amendment to the Companies Act (1973) could help eliminate one of the loopholes in the current tax structure, that previously enabled buyers to avoid paying transfer duty by taking ownership of a property through a company.
Are generators a luxury or not?
26 Feb 2008
Installing a generator at home may sound like the ideal solution to the frustration of load shedding, but what are the implications if you live in a sectional title scheme?
Muizenburg has diverse offerings
26 Feb 2008
With its eclectic mix of historic homes, national monuments and modern developments, Muizenberg is the ideal starting point for those seeking a seaside home that will not empty out their bank account.
Why fractions make sense
26 Feb 2008
Owning an apartment in Cape Town's Blouberg today could easily set one back millions, but with fractional ownership investors can now get all of the benefits and privileges of property ownership and save 90% of the costs.
SA Corporate's distribution up 19%
26 Feb 2008
South African property fund SA Corporate (SAC) on Monday reported a 19% rise in distribution per linked unit to 32 cents for the year to December. I-Net Bridge
CT luxury apartments for sale
26 Feb 2008
Apartments in a new luxury apartment block in Blaauwberg, Cape Town, have come on to the market.
New WC development to be built
26 Feb 2008
A new multi-unit development is to be given the go-ahead in the heart of the Constantia wine growing area.
Pangbourne to buy property funds
26 Feb 2008
Property fund Pangbourne (PAP) plans to buy sister funds iFour (IFR) and Siyathenga (SYA) through a share swap, confirming speculation that it was exiting its "octopus" strategy, it said on Monday. By Tiisetso Motsoeneng, I-Net Bridge
Luxury penthouse in CT for sale
26 Feb 2008
A luxury villa nestled below Lion's Head in Cape Town and perched above Glen Beach is now on the market.
Development at Langebaan grows fast
26 Feb 2008
Anyone visiting Langebaan for the first time in three or four years will be surprised to find just how much residential and other development has taken place here, especially in the precinct north of the village in close proximity to Club Mykonos.
Waterberg estate gets game lodge
27 Feb 2008
A game lodge has now been integrated into a Limpopo residential development to add a 5-star executive lodge, conference facility and spa to the project.
Power cuts to benefit PUT holders
27 Feb 2008
Holders of Property Unit Trusts (PUTs) have reason to be happy from an investment point of view, as they are likely to benefit from the load shedding as they are already property owners.
Homes taking longer to sell
27 Feb 2008
A recent report shows how the property market has changed over the past 18 months in terms of the number and frequency of properties that are sold. By James Monteiro
Office, industrial looking good
27 Feb 2008
The office and industrial market still has "good legs" and rental growth in these sectors remaining strong for at least four years.
SA property to get global exposure
27 Feb 2008
At the most recent SAPOA/IPD conference held in Cape Town in November 2007, a property executive lamented the fact that the South African real estate sector has not been included in any of the global indices to date. By Kara Michaels
Absa launches new mortgage product
27 Feb 2008
Absa Home Loans has launched an International Mortgages offering for customers who are looking to buy property outside of the country they live in. I-Net Bridge
Agency opens new office on the Vaal
27 Feb 2008
SA real estate giant Homenet has opened a new office to serve homebuyers and sellers in the Vaal Dam area.
Are you now broke after signing?
27 Feb 2008
For many economic reasons, including the increases in interest rates, some investors found that their affordability has changed since the time they placed the offer to purchase and were granted the bond. Some experts offer some advice to...
Rural Cape popular among homebuyers
27 Feb 2008
The Cape's rural areas – any district with fynbos, vineyards, orchards and/or mountains – are now becoming immensely sought after.
Tips for would-be developers
27 Feb 2008
If you fancy yourself as a property developer, have found an old building in the city centre that you can revamp into residential units.
WR security estates in demand
28 Feb 2008
Units in security estates in the Ruimsig area on the West Rand are in strong demand and selling well.
CT's Claremont CBD getting upgrade
28 Feb 2008
The Claremont CBD in Cape Town is increasingly drawing first-time buyers, young professionals and those seeking the convenience of a modern lock-up-and-go lifestyle.
Growthpoint distribution up 13,5%
28 Feb 2008
South African property group Growthpoint Properties (GRT) lifted distribution by 13,5% to 51,1 cents for the interim period ended December, it reported on Wednesday. I-Net Bridge
M&R headline earnings up 60%
28 Feb 2008
South African construction group Murray & Roberts (MUR) lifted headline earnings per share by 60% to 216 cents for the interim period to December, it reported on Wednesday. By Tiisetso Motsoeneng, I-Net Bridge
Delft houses to be given to owners
28 Feb 2008
Preparations are underway to hand over the first 30 homes of the N2 Gateway Housing project in Delft to their rightful owners by Friday this week. By Bathandwa Mbola, BuaNews
WR casino resort to open in June
28 Feb 2008
Work is being done around the clock to meet the final handover date of June this year for the new Silverstar Casino Resort in Krugersdorp (Mogale City).
Jewel City to shine in Egoli
28 Feb 2008
A property loan stock company is planning to let the Jewel City development in the Johannesburg CBD glisten. By Elma Kloppers, Sake24
Use globalisation for growth
28 Feb 2008
South African companies and investors should use the opportunities that globalisation offers to ensure continued growth in the property sector. By Kara Michaels
First-time buyers should wait
28 Feb 2008
The decision not to increase the prime interest rate above 14,5% in the wake of the past seven successive rate hikes recently, has given homeowners some relief. But first-time buyers are still struggling to enter the market.
Blaauwberg developers flout rules
29 Feb 2008
Property developers in the booming Blaauwberg and Milnerton areas regularly deviated from approved building plans, resulting in a higher density built environment and the blockage of other residents' views, said the Blaauwberg sub-council. By...
West Coast boom a distant memory
29 Feb 2008
One of our readers wrote an insightful letter this week about the ending of the property boom on the West Coast.
Insuring sect. title generators
29 Feb 2008
With the pressure on to buy a generator before winter (and load-shedding) hits, South Africans are rushing out to get in while stocks last. As with anything in the sectional title environment, the whole issue becomes a lot more complicated with...
PDIs want to be homeowners
29 Feb 2008
There is a growing ambition among the previously disadvantaged people to become homeowners.
Jhb rentals pitched to soar
29 Feb 2008
Buy-to-let investors in the country's premier economic hub can savour prospects of escalating double digit rental increases to their investments, particularly as Johannesburg struggles with its supply of rental stock, statistics released in the...
Database to spur GP house delivery
29 Feb 2008
Gauteng will soon unveil a Demand Data Base System which will assist the Housing Department to allocate houses to rightful owners and to improve housing delivery in the province. By Luyanda Makapela, BuaNews
How to get the landlord's attention
29 Feb 2008
With home loans having become more difficult to obtain and afford, thanks to the National Credit Act (NCA) and higher interest rates, more and more consumers are seeking to rent property.
Polokwane has vibrant market
29 Feb 2008
Polokwane is a busy and vibrant economic and property hub, which is further enhanced by the fact that all government departmental head offices are stationed in the city.
New Bloem valuation roll available
29 Feb 2008
For those of you who live in Bloemfontein you need to know that the new valuation roll is now available.
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