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Monday Jan 18, 2010

ABSA expects residential property market to improve this year

The residential property market is expected to gradually improve in 2010, Absa said on Monday.

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'Angel of the North' arrives in Hillbrow

A concrete angel looks after Hillbrow and its residents, standing opposite Constitution Hill with its arms widespread, reminiscent of the Christ the Redeemer statue overlooking Rio de Janiero in Brazil.

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Rental markets still struggling according to Rode report

Although the economy has technically emerged out of the recession, Rode's Report on the Property Market for the fourth quarter 2009 reveals that commercial, industrial and residential rentals continue to feel the pinch of weak economic conditions.

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World Cup rentals 'not a sure bet'

Although the business community - and the tourist industry in particular - continues to welcome and promote the 2010 World Cup hype, this is leading to a potential over-supply situation in short term residential rental accommodation, says Lanice Steward, managing director of Anne Porter Knight Frank (APKF).

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