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Friday Apr 13, 2012

Deposit requirements fall as property prices drop

The average home purchase price being paid by buyers applying for mortgage finance dropped 3% from R817 684 in February to R793 332 in March - and was also 1,8% down on the figure for March 2011.

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Lakeside residents angry as same old storey reappears

A Lakeside property owner has been told to demolish an illegally built fourth storey 14 years after a previous owner had to do the same.

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R1.8bn deal on old Durban airport

Transnet has clinched the deal to buy the old Durban International Airport site, reportedly for R1.8 billion, unlocking multibillion-rand plans for a dig-out port.

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Gauteng estate agents more optimistic than others

Gauteng estate agents are more optimistic than those in the rest of the country, according to the latest FNB Gauteng Estate Agent Survey released on Thursday.

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Briefcase cons inner-city Joburg tenants

Bribing a magistrate should be a sure way of staying out of jail, but it didn't help alleged building hijacker Zithulele Mpange when he was arrested outside the Johannesburg High Court.

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SA hotel occupancy rates up but still low

Average hotel occupancy rates continued to rise for the seventh consecutive month in February after a steep fall caused by an oversupply of rooms provided in time for the 2010 World Cup, according to the latest South African Hotel Review Report issued this week.

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