Here is how you can get NQF 4 or NQF 5 qualified
South Africa - Rawson
Owning and running a successful property franchise is a very rewarding experience. Understanding how a business operates is essential and you also have to excel in a variety of other areas, but most importantly you will need to have some knowledge about property and there’s no better way to achieve this than to become NQF 4 and NQF 5 qualified.
Below is our simple infographic, breaking down the steps you’ll need to take to get qualified.
Residential Building Statistics
South Africa - Absa
Subdued levels of residential building activity in the first quarter of 2017
Residential building activity remained under pressure in both the planning and construction phases of the South African market for new housing in the first quarter of 2017. The number of plans approved declined from a year ago whereas the number of housing units reported as completed showed single-digit growth. These developments are based on data published by Statistics South Africa in respect of building activity related to private sector-financed housing (see explanatory notes).
The number of new residential building plans approved contracted by 4,0% year-on-year (y/y), or 542 plans, to 13 064 plans in the first quarter of the year from13 606 plans approved a year ago. This decline in plans approved was driven by the two categories of houses, which showed a combined contraction of 14,3% y/y, or 1 227 plans, to a total of 7 359 plans, whereas the segment for flats and townhouses recorded growth in plans approved of 13,7% y/y, or 688 plans, in the first quarter.
Year-on-year growth in the number of new housing units built came to 9,4% y/y in the period January to March 2017. The segment for flats and townhouses showed strong growth of 29,2% y/y, or 1 023 units, with the volume of smaller-sized houses constructed, i.e. those with a building area of less than 80m², increasing by 9,4% y/y to 3 385 units over the 3-month period. The segment for houses equal to or larger than 80m² contracted by 16,6% y/y to 2 225 units.
Building stats March 2017
Cape Town rentals rose by 12.5%
South Africa - IolProperty
The Western Cape rental market was probably being boosted by deteriorating affordability among aspirant homeowners, according to the TPN credit bureau. As a result residential rental escalations in the Western Cape remained in double-digit territory at 12.53% year-on-year in the first quarter of this year.
By comparison, residential rentals grew 5.47% year-on-year in Gauteng in the first quarter and 2.1% in KwaZulu-Natal, while rental growth nationally averaged at 4.71%.
TPN said possible evidence of the affordability challenges in Cape Town, that may have boosted rental demand, came from FNB's estate agent survey. This showed very low estimated first-time buyer levels in Cape Town in both the fourth quarter of last year and the first quarter of this year, with first-time buyers accounting for about 8% of total residential sales in Cape Town compared with the national average of 21%. First-time buyers accounted for about 27% of total buyers in Johannesburg, 21% in Tshwane and 14% in eThekwini.
Merits of historical municipal debt argued at ConCourt
South Africa - Moneyweb
New home owners could still be liable for historical debt incurred by those before them.
The practice of holding new property owners liable for municipal debt incurred by previous owners came to a head at the Constitutional Court (ConCourt) on Tuesday, with a full bench of judges hearing that it could prejudice new homeowners and promote the deprivation of property.
The court heard an application by metropolitan municipalities of Tshwane and Ekurhuleni to appeal last year’s landmark judgement by the Pretoria High Court, which held that municipalities cannot hold new property owners liable for historical debt.
Municipal debt specialist New Ventures Consulting and Services, which has represented several property owners who have carried the liability for historical debt, was a respondent in the matter. The Banking Association of South Africa (Basa), property developer Tuhf and the Ethekwini Metropolitan Municipality joined the matter as friends of the court.