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ABSA - Home Loan - Absa House Price Index
Saturday, May 10, 2008 (12 reads)
Nominal house price growth of 8,7% year-on-year was recorded in the middle segment of the market (see explanatory notes) in March 2008, compared with a revised growth rate of 9,5% in February. Average nominal house price growth came to 9,5% in the first quarter of the year (12,4% in the final quarter of 2007). These trends in house price growth are according to the latest Absa House Price Index, which indicates that the average price of a middle-segment house was about R980 400 in March this year.
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ABSA - Home Loan - Mortgage advances growth slowing down further
Saturday, May 10, 2008 (7 reads)
In February 2008, year-on-year growth of 23,1% was recorded in mortgage advances by monetary institutions (24,5% in January), according to data released by the South African Reserve Bank. This brought the total amount of mortgage advances to R871,5 billion in February. On a month-on-month basis, mortgage advances growth was lower at 0,8% in February from 1,2% in January.
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THE LATEST ON THE EXPROPRIATION BILL
Wednesday, April 23, 2008 (0 reads)
Pressure continues to mount on the government's new draft expropriation bill, with a top Johannesburg businessman and a constitutional rights watchdog joining organised agriculture in condemning the bill as being in violation of the property clause contained in the constitution.
The Bill was introduced to Parliament's public works committee last week by Public Works Minister Thoko Didiza and has been sharply criticised by role players as being a violation of the constitution. The bill seeks to allow for expropriation in the public interest rather than public purpose. If approved, the bill will also constrain the courts in their ability to rule on fair compensation for affected land owners.
We will keep you informed as to further happenings in this regard, but should you have any queries, you are welcome to give us a call.
ROSCHER COETZEE NORTJE & MAMPEULE INC
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PANIC CAUSES DAMAGE
Thursday, April 10, 2008 (59 reads)
Times are hard with rising petrol prices, inflation and interest rate hikes. Home owners who fall into arrears with their bond repayments so often ignore the situation hoping that problems will just miraculously go away – at the same time opening themselves up to being summonsed and having their property attached by the sheriff.
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Summer Place 2nd Phase Launch
Wednesday, April 02, 2008 (41 reads)
Ideally situated between Johannesburg and Pretoria, near the Blue Valley Golf Estate, Summer Place is set within the Summerfields Estate - a secure, 24 hour gated community with controlled access. Summerfields Estate is a haven of Highveld serenity boasting a clubhouse, tennis court, pool and green communal area. In addition to this, Summer Place will have it's own swimming pool and gazebo for the enjoyment and use of all it's residents.
All this together with easy access to the N1 and R28 freeways, makes Summer Place the ideal Place to live, the Place to play, the Place within reach
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