FNB Q1 Property Barometer preview - Buy-to-Let market
FNB - South Africa
Confidence slumps as primary residential demand is king
In advance of the release of the main FNB Property Barometer for the 1st quarter of 2010, on 22 April 2010, we focus on one component of the Barometer survey, namely the buy-to-let market, which is definitely the bad news of the 1st quarter survey.
It would appear that some recovery in agent optimism in the buy-to-let market in 2008/09 was somewhat misplaced, and has started to recede sharply as this segment of the market shows little strengthening.
Agents surveyed in the FNB Property Barometer are asked for their near term expectations on buy-to-let demand, and their answer is either "strengthen" (1), "remain the same" (0) or "weaken" (-1). The net expectation is reflected in the Agent Buy-to-let Market Confidence Indicator, which is still positive (on a scale of 1 to -1) at 0.078, but has receded significantly from the previous quarter's value of 0.128. This is the 2nd successive quarter of
decline in confidence.
FNB buy-to-let market
Property owners be warned
RealEstateWeb - South Africa
Take precautions against charlatans or habitual defaulting tenants. Even the most experienced property managers can be caught.
Those new to the property market who are considering renting their properties should take extreme precautions against charlatans or habitual defaulting tenants. Even the most experienced property managers can be caught unaware by those wanting to abuse their trust.
One of our subscribers recently encountered a fraudster with an old trick but a new angle for 2010. He claimed to be an advocate and a representative of The United Nations Children's Fund (UNICEF) Médecins Sans Frontières (MSF or Doctors without Borders).
Advanced Certificate in Insolvency Litigation and Administration Practice
L.E.A.D - South Africa
12 April 2010 - 31 January 2011
Presented by Continuing Education at the University of Pretoria in conjunction with the Law Society of South Africa (L.E.A.D)
This certificate course was specifically designed for attorneys in the field of insolvency litigation and administration, and is presented in conjunction with the Law Society of South Africa.
The aim of the course is to facilitate fields of practice.
Learning outcomes will be developed in conjunction with the course as determined by the moderation panel convened by the Law Society of South Africa.
FNB March House Price Index
FNB - South Africa
The March FNB House Price inflation rate accelerates to 8.6% year-on-year, now inflating in real (CPI-adjusted) terms on a year-on-year basis for the 1st time since early-2008.
- Affordability improvements coming to an end
- FNB Valuers still point to many oversupplied areas in SA, although oversupply is diminishing
- Building sector still very weak, but showing early signs of stabilising
- Outlook still for further house price inflation acceleration until mid-2010
March FNB House Price Index