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Articles published in March 2010

 
Will your lifestyle survive an audit?
01 Mar 2010
The introduction of “lifestyle audits” may dampen the spirits of those potential property buyers whose tax affairs are not up to scratch.
Termites: Chomping away at home owners
01 Mar 2010
Hailed the ‘silent destroyer’, timber destroying subterranean termites, also known as white-ants, are any home owner’s worst nightmare.
Land reform: 2014 target on hold
02 Mar 2010
The transfer of 30% of all farming land in SA to black owners by 2014 has been put on hold due to a shortage of funds.
Decline in median house price slows
02 Mar 2010
Standard Bank's property book for February 2010 revealed that the rate of decline in the median house price continued to slow down.
Mega-malls faring the best
02 Mar 2010
Retail property investors are now getting far better returns from large, dominant malls than from smaller shopping centres.
NW to build 14,000 houses
02 Mar 2010
The North West provincial government has committed itself to providing 14,000 houses for the 2010/2011 financial year.
Why can seller appoint conveyancer?
02 Mar 2010
One of the most frequently asked questions is why, if the buyer of a property is paying the conveyancing attorney, the seller has the prerogative to appoint him.
Renovating vs. relocating: The pros, cons
02 Mar 2010
Wondering whether to stay put and renovate or sell and move? Get some tips from an expert before you make up your mind.
SA ranked 24th on property rights index
03 Mar 2010
According to the 2010 International Property Rights Index (IPRI) released on Tuesday, South Africa has retained its position at number 24 out of 125 countries measured.
Cash buyers abound in Krugersdorp
03 Mar 2010
Cash buyers are making their presence felt in the Krugersdorp property market and bargains are being snapped up at auctions, but. . .
Commercial sector to feel power hike
03 Mar 2010
Commercial property owners and tenants will be significantly affected by Eskom’s electricity tariff hikes. Read on. . .
Roadshows for agents in March
03 Mar 2010
The Property Association has once again teamed up with Nedbank to present a series of roadshows to estate agents during March 2010 in the major regions across the country.
Scrap limits on estate agents in estates
03 Mar 2010
This recommendation forms part of the best practice guidelines drawn up by the Institute of Estate Agents (IEASA), and the Association of Residential Communities (ARC).
Applicants for SAPOA course doubles
03 Mar 2010
Student applications for SAPOA’s Property Management Programme (PMP) nearly doubled in 2010.
Technology is essential, agents!
03 Mar 2010
There is no argument that if used wisely, technology can save estate agents a lot of time and help them increase sales.
Shopping centres expanding, says JHI
04 Mar 2010
Despite the negative impact of the recession and the economic constraints experienced by consumers, confidence in the retail sector remains positive.
Gauteng budget targets housing
04 Mar 2010
The Gauteng Provincial Government is to spend R12,6bn from its budget on housing delivery. Find out more. . .
Creating a house without Eskom
04 Mar 2010
The sharp price increases that were approved for Eskom means it is making more financial sense to make the transition to an Eskom-less household.
London market calling SA investors
05 Mar 2010
Find out more about the London property market's recovery and what SA investors should be targeting in the British capital.
House prices face uphill battle
05 Mar 2010
Data released by major banks this week have dashed any hopes that the residential property market will stage a quick recovery in 2010.
Soccer City handed over to Jhb Mayor
06 Mar 2010
The iconic stadium took almost 10m hours to construct and boasts more than 1m "disabling injury free man hours".
Learn how to insulate roof
07 Mar 2010
The roof takes the brunt of the exposure to sunlight and elements. So get some tips on how you can effectively insulate it.
Smart ‘green’ innovations
07 Mar 2010
Every year the eco-revolution seems to be gaining momentum. Find out what some of the hottest international innovations are that have recently been making headlines.
Search on for SA’s House of the Year
07 Mar 2010
The homes are featured in the March edition of House and Leisure magazine, the sponsor of the competition in association with Weylandts.
What is the real business of government?
08 Mar 2010
Paddy asks some tough questions about the culture of enrichment and amassing properties at the expense of everyone else.
Mid-segment popular in Randburg
09 Mar 2010
Houses between R1m and R1,6m are currently the hottest sellers in Randburg with access to bank finance and showday attendance looking a lot rosier.
Luxury market still tops
09 Mar 2010
Certain luxury developments and areas with houses over R3m boasted price growth in the high double figures on a year-on-year (y/y) basis, data from Lightstone showed.
Average nominal house prices higher
09 Mar 2010
All three categories of housing, as defined by Absa (small, medium and large), recording a positive nominal year-on-year (y/y) rise in values.
CT’s CBD drawing top dollar
09 Mar 2010
Properties in Cape Town’s CBD are being snapped up at top dollar, with some apartments being sold for more than R9m.
Green news: Energy forum meeting 9/3
09 Mar 2010
The Energy Efficiency Forum launched in September last year with the aim of aiding commercial property owners and managers will be meeting again on Tuesday 9 March 2010 in Cape Town.
Parallel state makes sense
09 Mar 2010
Ratepayers in South Africa are angry – and they are getting more and more impatient with all the promises that are made while nothing gets done.
First buy: Factors to consider
09 Mar 2010
Get the experts' insights on the various factors and pitfalls that first-time buyers should take into account.
Rentals: Tips for property owners
09 Mar 2010
Buy-to-let investors have another year ahead in which anything can happen. Get some simple advice on how to make it work. . .
Sect. title: Who should fix geyser?
09 Mar 2010
A burst geyser can cause all kinds of problems for sectional title owners, but the big question is who is responsible for their maintenance and repair?
Township price growth takes nosedive
10 Mar 2010
The housing market in SA’s most important townships is now faring much worse than the residential markets in metropolitan areas.
Upcountry buyers target ‘Toti
10 Mar 2010
Beachfront property in Amanzimtoti is again finding favour among buyers from South Africa’s interior regions. Get an analysis on the state of this market!
Diverse multi-property auction on 25/3
10 Mar 2010
A selection of investment properties will be auctioned at a multi-property auction on Thursday 25 March 2010.
City Lodge opens hotel at OR Tambo
10 Mar 2010
City Lodge at OR Tambo Airport opened its first 78 rooms on Wednesday 9 March, becoming the 46th hotel in the City Lodge Hotels (CLH) group.
Silky smooth with velvet
10 Mar 2010
There is no doubt that velvet oozes sumptuousness, luxury and comfort, so find out how to incorporate it into your décor.
‘Chic’ refurbishment a no-no
10 Mar 2010
A property executive warns of introducing a chi-chi interior decorator to historical Cape Peninsula homes as part of the renovation process.
French minister visits housing project
11 Mar 2010
Olievenhoutbosch is a 5,411-unit housing development created by Absa Devco, a division of banking group Absa (ASA), in conjunction with the Tshwane Municipality.
Post-WC drop in rentals expected
11 Mar 2010
Property rental prices could most likely take a sharp plunge around the latter part of July this year after the Soccer World Cup is over, says a rental bigwig.
'Capitalise on sect. title oversupply'
11 Mar 2010
While we have what amounts to something of a shortage of pre-owned freehold properties, we have precisely the opposite in the case of cluster and sectional title projects, says a property executive.
Franchising trumps go-it-alone
11 Mar 2010
Entrepreneurs anticipating an upturn in the property market have opened up new estate agencies in the past six months, but most have opted to join a well-established franchise group rather than go it alone.
Top Cape agency switches brands
11 Mar 2010
The landmark RE/MAX office on the Blouberg beachfront has converted to the Harcourts brand.
Agency takes on South Peninsula
11 Mar 2010
A Cape Town estate agency has made good on its 2009 promise to serve the entire Cape Peninsula after recently opening a Fish Hoek office.
Market crash cut agents by a third
11 Mar 2010
In the 2008 and 2009 market collapse South Africa lost some 60,000 of the 95,000 agents that formerly served the property sector. Read more. . .
Parallel state makes sense
11 Mar 2010
Ratepayers in South Africa are angry – and they are getting more and more impatient with all the promises that are made while nothing gets done.
Give outdoor area a makeover
11 Mar 2010
Property experts claim that a well-executed outdoor area can increase a home’s market value by as much as 30%. Get some nifty tips!
Municipal valuations: Get a fair deal!
11 Mar 2010
Do you know how much your property is really worth? And do you have a good idea of the rates you should be paying on it? Get an expert's opinion on these matters.
Century City steals spotlight
12 Mar 2010
The formerly abandoned wetland area has been developed, against all odds, into a sought-after work, residential and leisure address over the last six years. Read on. . .
Jo’burg rental returns beat CT
12 Mar 2010
Tenants in the Mother city may well be paying more for rental properties than their peers in Johannesburg, but the latter offers buy-to-let investors far better income returns.
Cheap rental units released in Soweto
12 Mar 2010
Hundreds of newly-built double-storey apartments have been released in Soweto to rent for R3,200 a month including parking.
Witbank mall gets extra 40,000sqm
12 Mar 2010
The 40,000sqm Highveld Mall is undergoing a R100m expansion to meet both retailer and shopper demand and is scheduled to open in November 2010.
FNB: Building confidence up moderately
12 Mar 2010
The FNB Building Confidence Index (FNB BCI) increased moderately from an index value of 28 in 4Q 2009 to 30 in 1Q 2010.
Gardening with colour
12 Mar 2010
Colour can fashion aesthetically attractive compositions, convey a particular style and even alter the apparent size and shape of a garden.
Can share block, body corp co-exist?
12 Mar 2010
A legal expert explains the difference between a share block scheme and a body corporate, how they both come into existence and discusses a case study.
Land reform: Govt doing new research
15 Mar 2010
Gugile Nkwinti, the Minister for Rural Development and Land Reform, said his department is currently looking at ways to speed up land reform.
Bantry Bay home on market at R85m
15 Mar 2010
A home in Cape Town’s Bantry Bay with living space of over 1,000sqm has come on to the market at a whopping R85m.
‘Don’t bash estate agents’
15 Mar 2010
Many go two, three or more months without earning any income at all and their annual incomes can be distressingly low, says a property executive.
Game yourself fit at home
15 Mar 2010
Nintendo’s Wii Fit, and now the Wii Fit Plus, has revolutionised in-home fitness, with its broad appeal and focus on energetic, fun and social interaction.
How to banish damp
15 Mar 2010
Damp causes all kinds of indoor and outdoor damage. Get some quick tips on how you as a homeowner can counteract its effects.
Ways to save water at home
15 Mar 2010
Water wastage in a dry country such as SA is almost a sin - and an expensive one at that. Learn how to save water around the home with these easy tips.
Sellers losing out as they wait for WC
15 Mar 2010
Homeowners who are postponing their property sale plans now in the hope of achieving higher sale prices during the Soccer World Cup are not doing themselves any favours.
Property market recovery accelerates
16 Mar 2010
This is according to home loan originator ooba’s oobarometer price index, which recorded a year-on-year (y/y) nominal price increase of 11,4% from R803,642 to R895,031.
Upmarket CT flat to be auctioned 24/3
16 Mar 2010
A 61sqm two-bedroom second-floor apartment in an upmarket three-storey Cape Town development will be auctioned on Wednesday 24 March at noon.
Top hotels expect upswing
16 Mar 2010
Occupation figures in SA’s five-star hotels are under pressure, but experts are of the opinion that the Soccer World Cup will relieve the pressure.
Filling your blind spot
16 Mar 2010
Window blinds have a number of functions, and there are a few things that need to be considered before you decide on which type of blind to use.
Décor: Just twig it a little
16 Mar 2010
The design lets the branches grow up naturally, as if rooted in the dark oak floor, their leaves bumping up against the wall mouldings as if they were framed by windows.
How 2010 budget affects property
16 Mar 2010
Read a summary of some taxation issues affecting immovable property, including those dealt with in the budget, some proposals in the pipeline and some feedback on issues raised in the 2008 and 2009 budgets.
How to object to your valuation
16 Mar 2010
If you own property in Cape Town and are not convinced that the City’s valuation of your property is correct, you may object on various grounds.
Absa offering R20bn in low-cost loans
17 Mar 2010
Absa is planning make another R20bn available for home loans on low-cost housing until 2014 and has launched an innovative new home loan product for this purpose.
Retailers extend Namibian footprint
17 Mar 2010
With stricter credit laws in place and an economy less affected by the recession than South Africa, Namibia's commercial property market has remained stable and resilient.
Congress to be held in CT in 2012
17 Mar 2010
The International Real Estate Federation (FIABCI), a global property umbrella organisation with chapters in 60 countries and comprising over 100 real estate related associations, is to hold its 63rd World Congress in Cape Town in 2012.
Good market data, comms are key
17 Mar 2010
Those agents who have survived the slump are the ones who understand what it really takes to create a trustworthy, ongoing relationship with the client
Match your area to your lifestyle
17 Mar 2010
Location is important when buying a home, but picking the "right" house in an impractical and wrong area can cause great discomfort and stress.
New rental bane: Pay-by-hour tenants
17 Mar 2010
Owners of flats and townhouses in Cape Town now face a new threat, one which has the potential to derail the value of their units.
Bond assessments explained
17 Mar 2010
Are you in the dark as to why your bond application was declined, or why a bank will not give you the amount you requested? An expert explains. . .
Sect. title: AGMs for dummies
17 Mar 2010
In this article the management rules prescribed by the regulations to the Sectional Titles Act 95 of 1986 which govern sectional title Annual General Meetings (AGMs) are set out.
Pockets in Pretoria East recovering
18 Mar 2010
Pockets of the property market in the eastern suburbs of Pretoria are now performing well once more and sales are climbing in areas such as Garsfontein and Olympus.
Only 5% of bond applications successful
18 Mar 2010
On average only 3% to 5% of all bond applications for 100% bonds have proved successful. Get an analysis of the reasons behind this grim trend.
Building plans passed -20,5% in Jan
18 Mar 2010
The value of recorded building plans passed by larger municipalities in January decreased by R554,7m compared with January 2009.
Aveng’s two-year order book grows
18 Mar 2010
South African construction group Aveng (AEG) on Wednesday reported an increase in its confirmed two-year order book to R32,7bn from R31,9bn in September 2009.
Build our skills so we can build!
18 Mar 2010
Paddy rebukes government for not equipping the youth of today with specific skills that they can use to build, plaster and paint.
Upper-end rentals a risky investment
18 Mar 2010
A total of 21% of tenants paying rent of R12k per month and more made no rental payments in the fourth quarter of 2009.
Required deposits still high
19 Mar 2010
Latest figures from mortgage originator ooba show that the average deposit required by banks in February as a percentage of the purchase price was still relatively high at 19,4%.
Industrial rentals to remain static
19 Mar 2010
While some rental growth in the last quarter of 2010 is expected, it is encouraging that some 80,000sqm in industrial vacancies have been taken up over the past six months.
De Beers puts property on market
19 Mar 2010
Diamond miner De Beers Consolidated Mines (DBCM) is to dispose of its Jagersfontein Diamond Property in the Free State, the company said late Thursday.
Historic 1830 guesthouse for sale
19 Mar 2010
Klippe Rivier is situated at the southern end of the town, 2,2km off the R60 Swellendam-Ashton road.
“A Force to be reckoned with”
19 Mar 2010
The real estate office that opened in the exact same spot that RE/MAX Property Associates in Blouberg used to occupy created the false impression that this RE/MAX office is now operating under another real estate brand.
Closing in on lease loss claims
19 Mar 2010
The South African Revenue Service (SARS) has recently released a new interpretation note, dealing with the limitation of allowances granted to lessors of certain assets.
Get answers to sect. title questions
19 Mar 2010
Property24’s sectional title expert Jennifer Paddock yet again gets into the legal nuts and bolts of some interesting but not uncommon reader questions.
Mixed auction on 8/4
23 Mar 2010
An upcoming auction on 8 April 2010 will feature a wide array of both commercial and residential stock.
Golf course on auction 24/3
23 Mar 2010
A golf course built on a private farm in Grahamstown will be sold by means of auction on Wednesday 24 March at 11:00.
The colour of money
23 Mar 2010
Paddy ponders why banks are still categorising homebuyers according to race and implores them to lend to anyone who can afford it.
State of the art
23 Mar 2010
Including the right artwork in your home offers you a way of incorporating a sense of who you are while resonating with your character and soul.
Don’t relocate office, just rearrange!
23 Mar 2010
By reviewing their existing office layouts, systems and processes, even cash-strapped businesses can improve productivity and save costs.
Roof it the right way
23 Mar 2010
Antonella Dési offers some tips on how to ensure that your new home or extension gets a well-built roof structure.
Outstanding tax could delay transfer
23 Mar 2010
SARS has recently embarked on a thorough investigation into a person’s tax affairs when assessing documents for the purpose of transfer duty.
More homeowners are subdividing
23 Mar 2010
Homeowners with large stands are increasingly selling off parts of their property to reduce their home loans, and lower their maintenance costs and property rates.
Joburg suburb has priciest houses
24 Mar 2010
Where does SA’s super rich segment invest its millions to get a sought-after address? Find out more about this and other pricing trends in SA.
Big commercial auction on 25/3
24 Mar 2010
A number of commercial properties will be auctioned at a multi-property auction on Thursday 25 March at 12:00.
Green shoots in accommodation industry
24 Mar 2010
Total income for the accommodation industry rose 1,1% in January 2010 to R1,602bn compared with January 2009, data from Statistics South Africa on Tuesday showed.
Check your tenant’s bills
24 Mar 2010
Did you know that if your tenant does not pay for his water and electricity – you as the landlord are ultimately responsible! Read on. . .
The financial benefits a mortgage holds
24 Mar 2010
One of the biggest reasons for property’s gain in popularity as an investment has been the ability to leverage the purchase by accessing mortgage finance.
Estate values depend on good management
24 Mar 2010
A property industry executive outlines the various management factors that need to be taken into account by potential buyers in estate and cluster developments.
Central London prices growing strongly
25 Mar 2010
Central London prices rose 3,2% in February and this is the strongest rate of growth in a single month since August 2007.
Cape Metro market lifting
25 Mar 2010
The positive impact of last year’s interest rate cuts, and to a lesser extent the recent economic recovery, continue to feed into the Cape Metro property market.
CT streamlines development process
25 Mar 2010
The Planning and Building Management Department of the Cape Town City Council will replace the city’s 27 "archaic" separate zoning schemes with a single one.
Land reform: Free market to go?
25 Mar 2010
The Department of Rural Development and Land reform has proposed a major overhaul of the country's land restitution and redistribution policy to speed up land reform.
Redefine plans to raise stake in Hyprop
25 Mar 2010
If implemented, the deal will mean that Redefine's stake in Hyprop will increase from 33,3% to 45,2%.
Health, safety of buildings: The ins and outs
25 Mar 2010
Who is ultimately responsible for health and safety of buildings? What does the law say about safety measures and property? Find out more. . .
Property industry professionalising
25 Mar 2010
A tough property market and stricter qualification imperatives means that going forward, fewer, yet more professional estate agents will be available to service buyers and sellers.
Make a garden spiral
25 Mar 2010
A home décor and DIY expert shows us how to make an elegant and decorative win spiral for the garden.
Shelly Beach draws upcountry buyers
26 Mar 2010
Pressure on prices during the recession has created a buyers’ market and now better access to bank finance coupled with a general mood of optimism is spurring on activity.
Rate cut will have scant impact
26 Mar 2010
This is the experts’ view after the Reserve Bank surprised everyone on Thursday by lowering the repo rate by 0,5 of a percentage point. Get all the details. . .
World infrastructure will cost trillions
26 Mar 2010
“It is estimated that globally US$40 trillion will be required to address infrastructure needs between now and 2050," financial advisory services firm KPMG said on Thursday.
'Standby' a big power guzzler in home
26 Mar 2010
Your modern TV with remote control may well be using more electricity during the 18 hours a day that it’s turned off than it does while you or the kids are watching it.
Sect. title: A guide to the handover
26 Mar 2010
With sectional title developments there is always a crucial period when the developer hands over to the unit owners. Read on and equip yourself for this.
Tips to prevent false alarms at house
26 Mar 2010
Crime is a problem compounded by a sharp increase in false alarms. Learn how to prevent them during Easter by following some easy tips!
‘Pension funds should invest in housing’
29 Mar 2010
In order to solve SA’s growing housing problem, pension funds need to invest in the housing market, says Prof Francois Viruly from Wits.
Rental stock scarce in Jhb North
29 Mar 2010
Several of the residential areas lying to the north west of Johannesburg are now experiencing the worst rental stock shortages they have ever been through.
5-level Harties house on auction 8/4
29 Mar 2010
A gargantuan Hartbeespoort estate property with five levels is set to go under the hammer on 8 April 2010. Find out more. . .
Housing fund aims for JSE-listing
29 Mar 2010
The JSE’s real estate sector could get its first specialist residential property listing in the not too distant future. Find out more. . .
How to warm up home this winter
29 Mar 2010
The days are growing shorter and the weather is gradually becoming cooler. It's time to start thinking of ways to heat your home when the chilly winter months hit!
Make a decorative headboard
29 Mar 2010
Chuck your bed’s old, unfashionable headboard out and get some tips on how to make a new and elegant one with a weathered look yourself.
Poor households free from prop tax?
29 Mar 2010
Poor households will be exempted from property tax if proposed amendments to the Municipal Property Tax Act are accepted.
Market news: The good, bad and ugly
30 Mar 2010
Wrapping up various economic events and releases in March, by-and-large the news was good, pointing towards further property recovery, says a property economist.
Bantry Bay unit on market at R34,5m
30 Mar 2010
A second-floor apartment in Cape Town’s swanky Bantry Bay has come on to the market at an impressive R34,5m. Get all the details. . .
Distressed sales not dropping
30 Mar 2010
A bank programme's figures have shown that home owners are still heavily burdened by debt and the volumes of distressed sales are yet to drop.
Feb’s residential figures look good
30 Mar 2010
February seems to have been a very good month for residential property. Get good stats on the sales volumes and price growth!
Civil construction confidence plummets
30 Mar 2010
The FNB Civil Construction Index declined from an index value of 39 in 4Q 2009 to a level of 25 in 1Q 2010, and from an index of 60 recorded in 1Q 2009.
Don’t be dull this Easter!
30 Mar 2010
If you are celebrating Easter at home, why not try these exciting ideas to spruce up your Easter Sunday table setting?
DIY homes through housing vouchers
31 Mar 2010
The Eastern Cape has introduced a new rural housing voucher system which will enable beneficiaries to acquire building materials to build their own homes.
Wits to increase student accommodation
31 Mar 2010
Wits University signed a loan agreement with RMB that will fund the delivery of over 1000 new student beds by 2012, increasing Wits' residence capacity by close to 25%.
SA direct property a good asset class
31 Mar 2010
The SAPOA/IPD South African Property Index for 2009 showed that over three years, SA direct property outperformed all other major asset classes. Get all the details.
Make your appliances last longer
31 Mar 2010
Following these tips can help your appliances to keep looking and working like new for years to come.
Safety tips for CFLs
31 Mar 2010
Compact fluorescent bulbs, or CFLs, may not be as dangerous as some might think, but learn what to do when they break and how to safely dispose of them.
5 tips for buying, selling property
31 Mar 2010
There are five principles that every buyer and seller should heed when a buying agreement is on the cards. Get them quickly and get them now!
Furnish rental property and gain
31 Mar 2010
If you are having difficulty renting out a house or an apartment, consider furnishing it. This need not be expensive and may well boost your rental income.
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