FNB Property Barometer - September SARB Leading Indicator
FNB - South Africa
The SARB Leading Business Cycle Indicator continues to point to a weaker economic and mortgage market period ahead, although its month-on-month decline was less than in August.
Property deals to avoid
Iol.co.za - South Africa
While some property deals may look good at the outset, there are some scenarios that buyers and sellers should avoid to protect themselves from a sale that could cost them dearly in the long run, says Martin Potgieter, of RE/MAX Jacaranda.
Potgieter, who is also a qualified Conveyancer, says: "There are circumstances that some sellers find themselves in that could make them desperate to sell their home."
He highlights the case of one seller who had been offered a new position in Cape Town to start in the New Year. The children had to start at their new school, so the move had to be a speedy one. For this seller, renting out his property could always be an option, but stories of bad tenants had left him wary of taking this route, leaving no other choice but to sell, and sell quickly. "Desperation, be it financial or otherwise, and property sales make strange bedfellows," says Potgieter.
FNB Property Barometer - 3rd Quarter Residential Maintenance and Upgrades
FNB - South Africa
Estate agents as well as hardware sales point to households addressing home maintenance backlogs on a larger scale, but “value adding” upgrades to homes remain weak.
Government ‘lacks courage’ on land reform
BusinessDay - South Africa
Director of the Centre for African Renaissance Studies, Prof Shadrack Gutto says SA’s political leadership has been afraid to deal effectively and boldly with land policy for fear of offending potential foreign investors
SA’s political leadership has been afraid to deal effectively and boldly with land policy for fear of offending potential foreign investors, director of the Centre for African Renaissance Studies, Prof Shadrack Gutto, said yesterday.
Speaking at the annual conference of the Black Management Forum (BMF), Prof Gutto bemoaned the lack of "courage" displayed by the green paper on land reform in facing up to the unconstitutional practices by traditional leaders that denied land rights and security of tenure to some citizens.