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Deed office fraud to be investigated

The special Investigating Unit (SIU) has been directed by President Jacob Zuma to investigate theft, fraud, corruption and maladministration in the lodging and processing of deeds on the deeds registration system at the deeds offices in Pretoria, Cape Town and Bloemfontein.

Posted at 07:37AM Mar 07, 2014 by Editor in Market  | 

Lower-income properties in high demand

Demand for residential properties in the lower income areas - including former black townships - remains solid, says a FNB report, outperforming the former 'white' suburbs in terms of house price growth late last year, although only marginally.

Posted at 07:58AM Mar 06, 2014 by Editor in Market  | 

House prices up 8% a year - FNB

Average house prices rose last month by 8 percent year on year, which was slightly lower than the revised 8.2 percent in January, FNB said earlier this week.

Posted at 07:23AM Mar 05, 2014 by Editor in Market  | 

'Oft-repeated mistakes to avoid' when renting property

Tenants are sometimes given occupation of the property prior to the deposit or first month's rent being paid.

Posted at 08:15AM Mar 04, 2014 by Editor in Market  | 

Property taxes come under scrutiny

The SA Property Owners Association (Sapoa) is pushing ahead with a pivotal initiative to lay bare the current property tax regime in South Africa, with the appointment of Business Enterprise at the University of Pretoria in partnership with specialist consultants Rates Watch.

Posted at 08:15AM Mar 03, 2014 by Editor in Market  | 

Growing price gap between new and existing properties

Although there has always been a difference between the prices of new and existing properties, the gap reached a high of about 37.1 percent last year, according to a November 2013 Absa Home Loans quarterly review of the residential property market.

Posted at 07:24AM Mar 03, 2014 by Editor in Market  | 

Cape Town rental market 'heating up'

Following a buoyant 2012, Seeff 's managing director for the Atlantic seaboard and City Bowl, Ian Slot, says last year was even busier and the trend continues.

Posted at 07:18AM Mar 03, 2014 by Editor in Market  | 

Estate Agency Act 'infringes right to privacy'

An order declaring a section of the Estate Agency Affairs Act (EAAA) and the Financial Intelligence Centre Act (Fica) unconstitutional and invalid was upheld yesterday.

Posted at 09:01AM Feb 28, 2014 by Editor in Market  | 

Realtors fleece singletons

A group of Japanese singletons who claim they were tricked into buying flats by property agents feigning a romantic interest in them launched legal action yesterday.

Posted at 07:30AM Feb 27, 2014 by Editor in Market  | 

Unmet deadlines render an agreement of sale void

Property buyers should take care to ensure that they are aware of all dates and deadlines for bank guarantees and bond approvals, because missing such deadlines can result in the agreement of sale being rendered null and void.

Posted at 07:12AM Feb 25, 2014 by Editor in Market  |