Parkhurst digs in its heels on parking meters

Parkhurst residents have launched the first salvo in a legal battle against the City of Joburg to prevent the metering of parking spaces in their and other areas.

Posted at 08:43AM Feb 29, 2012 by Editor in Market  |  Comments[3]

Woman, 73, 'swindled' out of house by property rescue company

A 73-year-old wheelchairbound woman is taking on a Cape Town debt rescue company in court, accusing them of trying to swindle her out of her home which she believed she had only put up as surety to cover a loan her son had taken out with them.

Posted at 08:40AM Feb 24, 2012 by Editor in Market  |  Comments[8]

What happened to the buyer's market in property?

We read headlines like "Property Bloodbath" and yet somehow I don't see too much blood being spilt out there, says Geoff Stroebel, principal of Stroebel Properties.

Posted at 08:46AM Feb 23, 2012 by Editor in Market  |  Comments[28]

Cape Town dog-owners face new beach rules

Measures controlling animals on city beaches are to be updated after a two-year-old was mauled by a Rottweiler at Clifton last month.

Posted at 08:31AM Feb 22, 2012 by Editor in Market  |  Comments[9]

Tenants vs landlords: Concourt mulls whose property rights take precedence

In a case brought to the Constitutional Court, a group of ousted tenants claimed their right to adequate housing was violated by the owners of their building, Aengus Lifestyle Properties, which cancelled their leases and raised rents by up to 150 percent.

Posted at 11:51AM Feb 20, 2012 by Editor in Market  |  Comments[2]

Machanik trial lawyer change hitch

On Thursday former property doyenne Wendy Machanik and her lawyer Cyril Ziman appeared in the Commercial Crimes Court where the attorney withdrew his services because Machanik can no longer afford his fees.

Posted at 10:35AM Feb 20, 2012 by Editor in Market  | 

Property prices to drift sideways after rise

Property prices showed positive year-on-year growth of 6.2 percent in December, according to the latest oobarometer results released by bond originator ooba.

Posted at 08:19AM Feb 20, 2012 by Editor in Market  | 

Value of building plans passed down

The real value of recorded building plans passed (at constant 2005 prices) decreased by 0.5% during 2011, Statistics SA said on Thursday.

Posted at 08:31AM Feb 17, 2012 by Editor in Market  | 

Housing MEC warns on property subsidies

Human Settlements MEC Bonginkosi Madikizela says the national government should not raise "unrealistic expectations" among the public with the announcement of a R1 billion fund to help people secure home loans.

Posted at 08:21AM Feb 15, 2012 by Editor in Market  |  Comments[2]

'Lies, damned lies and stats on property sales'

Statistics can be misleading, and this should be borne in mind when analysing property statistics - especially those that cover the SA property market as a whole, says Lanice Steward, managing director of Anne Porter Knight Frank.

Posted at 08:43AM Feb 14, 2012 by Editor in Market  |  Comments[12]