Financial pressure keeps market for buy-to-let property subdued
The significant financial pressure the household sector was under is visible in the ongoing weakness in buy-to-let demand for residential property, according to FNB.[Read More]
'Could property rentals start to boost buying soon?'
Amid a growing shortage of rental housing stock and rising monthly rentals, more and more tenants are now exploring the possibility of becoming homeowners in their own right.[Read More]
All eyes on court amid battle against Joburg e-tolling
Gauteng motorists will have to wait a few more hours before finding out if an urgent interdict to postpone e-tolling has been successful or not.[Read More]
Outcome of Constitutional Court case 'crucial to property development'
As yet, says Tony Clarke, MD of Rawson Properties, the multi-faceted residential property marketers now expanding throughout South Africa, the property sector (with a few exceptions) has not yet appreciated the huge significance of the Aengus Lifestyle Properties vs Inner City Resource Centre Constitutional Court case.[Read More]
Absa house price index casts doubt on property recovery
ABSA's latest house price index has cast serious doubt on the tentative signs of a slow recovery in the residential property market, as was previously reported by FNB and mortgage originators.[Read More]
'Keep property values realistic'
Talking recently to a group of trainee estate agents, Tony Clarke, managing director of Rawson Properties, said they should avoid trying to please sellers - and possibly secure mandates - by valuing homes too optimistically.[Read More]
Distress as property owners feel the pinch
Despite a slight improvement in the property market and interest rates remaining unchanged at 9 percent for several quarters, the high number of urgent sales because owners are in financial difficulties is a serious concern.[Read More]
Property market ticks up as supply and demand rebalance
The residential property market is showing tentative signs of a slow recovery despite activity levels still being significantly lower than during the previous house market boom in 2006 and 2007.[Read More]
Agents warned on overvaluing properties
Talking recently to a group of trainee estate agents, all new to his group, Tony Clarke, managing director of Rawson Properties, said that they must at all costs avoid the temptation to try to please property sellers - and possibly secure a mandate - by valuing the home too optimistically.[Read More]