Category Archives: Content

Real Estate – Managing Risk

23 January 2006

In the world of property investment, there are various points along the ‘just looking’ to ‘ready to sell’ spectrum. Protecting your investment takes on different hues at different points.

When first looking for property you have to consider the amount of ready cash available, the state of the current market, as well as your own level of experience with the many aspects of investing.

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Tips on Managing Risk — Part II

30 January 2006

Investors have a hard life. Rising insurance rates, legal liability, security concerns and increasing interest rates may not be actually conspiring to give them early heart attacks, but it can seem that way. Managing risk is in large part about how to lower uncertainty by dealing appropriately with those and other stress factors.

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More Affordable Housing Now a Critical Requirement

October 2006

The recent revelation by the Department of Housing that banks have to date advanced R16bn of the R42bn they agreed two years ago to lend to low-income earners has once again focused attention on SA’s need for more affordable new homes.

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Building Costs Rocket By 19%

17 October 2006

Pretoria – Building costs in South Africa are rocketing, according to anew report released yesterday by Industry Insight, a construction industry market intelligence firm.

Avenge building costs had increased by 19.1 percent year on year during the third quarter of this year compared with an annual increase of 11.4 percent in the second quarter and 52 percent in the first quarter. The increase was based on more than 60 projects awarded in Gauteng, the Western Cape and Kwazulu-Natal.

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Property Prospects Still Buoyant

16 October 2006

The industry should absorb negative effects of interest-rate hikes, reports David Jackson. The South African property market remains in a relatively buoyant and upbeat phase, despite underlying concerns about rising inflation and a new round of interest-rate hikes.

The property and related construction industry is gearing up for four years of heightened activity in the build-up to the 2010 Soccer World Cup and the Gautrain project. And the buying power of first-time black home-owners in the residential property market is being recognised.

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Homeowners’ Bad Debt on the Rise

11 October 2006

Arrears on mortgage repayments are likely to rise sharply over the next few months unless homeowners start curbing their borrowing and spending. This is the message from Standard Bank economist Elna Moolman who’s view echoes that of other market commentators who in recent weeks have warned that consumers could be heading for a credit crunch on the back of rising interest rates.

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Value in Renovating Old Properties

2 October 2006

Homebuyers are often faced with the question of whether it makes more economic sense to buy a home and renovate or pay up for something that is in mint condition — so how should they decide?

Sharon Westcott of Lew Geffen Sotheby’s International Realty, Umhlanga says, “We recently sold an 86 square meter, 2 bedroomed, renovated apartment with very basic finishes, within walking distance of La Lucia mall for R859 000.

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SA Property Laws under review

8 November 2006

A long overdue investigation into the laws governing the South African property industry is finally under way, on the instruction of the Department of Trade and Industry.

Various representative bodies have made submissions to the Department and Bill Rawson, Chairman of Rawson Properties, has joined them in sending through his proposals on improving the laws governing property transactions in the country.

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Mboweni hints at pre-Christmas rate hike

15 November 2006

South Africa’s central bank will remain resolute to keep inflation under control, and not hesitate to change monetary policy before Christmas if necessary, Governor Tito Mboweni said on Tuesday, signalling another rate hike.

The Reserve Bank has already raised its repo rate by 150 basis points since June to curb inflationary pressures, and most analysts expect more increases ahead.

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FNB throws its weight behind industry professionalism

28 November 2006 First National Bank’s (FNB) Home Loans Division has taken a giant step towards realising its four-year-old vision of increasing real estate professionalism with the launch of the FNB’s Real Estate Business School (REBS).

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