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Drop in house prices would not derail economic growth — OECD
Thursday, November 30, 2006 (246 reads)
PARIS — The global economy will weather a decline in house prices, which may have reached “unsustainable highs” in countries including the US and Spain, says the Organisation for Economic Co-operation and Development (OECD).
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Landlords drawn to Newtown Business
Thursday, November 30, 2006 (269 reads)
Landlords drawn to Newtown Business Day Reporter NEWTOWN, the trendy entertainment and residential precinct in Johannesburg’s inner city, is beginning to attract interest from would-be office landlords. Property commentators say that interest in this sector of the area’s redevelopment is growing.
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Public projects push up building costs
Wednesday, November 29, 2006 (227 reads)
Public projects push up building costs Office rentals will tend to match inflation in construction industry HUGE government infrastructure projects expected to be rolled out over the next few years could “crowd out” private sector development as they push up already high building cost inflation.
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land restitution projects plagued by groups
Tuesday, November 28, 2006 (246 reads)
Cape Town - What officials of the provincial agriculture departments are pleased to call “group dynamics” has upset the administration of land restitution projects around the country.
These upsets happen mainly in communal property associations where land is restored to a number of claimants.
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Buy-to let makes business sense
Tuesday, November 28, 2006 (241 reads)
Buy-to-let makes business sense In more affordable areas, homes are generally priced at less than Rim, writes ROXZANNE VAN EYK AFFORDABILITY is a key factor for
many buyers, especially for those in the buy-to-let investment market. Homes that fall into the affordable price bracket range, under Rim, often have the potential for good rental
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Nedbank Property Talk - November
Monday, November 27, 2006 (149 reads)
Welcome to November’s edition of Nedbank Property Talk.
The Governor of the Reserve Bank is threatening to raise the Repo Rate yet again due to no let up in the consumer credit spending spree. Another set of hikes could have an affect on the property market and related industries. We include a number of articles on this concerning matter in our latest issue. Other articles include Nedbank’s new offering to second time home buyers, hope for landlords with bad tenants, FNB’s drive for professionalism and some legal updates.
This is the final edition for 2006 and as such we would like to wish you and your family a happy, safe and relaxing festive season. We look forward to an exciting New Year filled with new challenges.
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Home Loans: Industry Trends
Sunday, November 26, 2006 (302 reads)
Repossessed properties at lowest levels ever.
Three of the country’s big banks hold repossessed properties valued at more than R60m while Nedbank has none for sale but this could change with drastic interest rate hikes.
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The 'voetstoots' clause may be invalid ..
Thursday, November 23, 2006 (273 reads)
...In cases where the seller is guilty of non-disclosure.
In South African residential property transactions more problems have arisen from a misunderstanding of the "voetstoots" clause than from any other in the property transaction, says Lanice Steward, MD of Anne Porter Knight Frank.
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