Homeowner Sentiment Index
South Africa - Absa
A moderate recovery in property market sentiment in Q2 2019
In the second quarter of 2019,overall sentiment regarding conditions in the South African residential property market showed a moderate recovery back to the level of the fourth quarter of 2018, after it was down in the first quarter of the year in the run-up to the general election in May and due to frequent and widespread electricity disruptions. Property market sentiment was in the second quarter also higher compared with the corresponding quarter in 2018.
Homeowner Sentiment Index (HSI) results
The overall national HSI score, which reflects the percentage of survey respondents with positive sentiment regarding residential property market conditions in the country, increased to 77% in the second quarter of 2019 from 73% in the first quarter and 73% in the second quarter of last year. The main positive and negative sentiment-related factors mentioned by survey respondents in the second quarter of the year were as follows (percentage of respondents in brackets): Positive factors: Property is a secure asset (37%) and still increases in value (19%). Negative factors: A poorly performing economy (29%), some ongoing political uncertainty (20%), and land expropriationwithout compensation (15%).
Homeowner sentiment sub-indices results
Except for the HSI sub-indicesof selling and renovating property, sentiment levels in terms of the other sub-indices were all higher in the second quarter of the year compared with the first quarter. These sub-index trends serve as an indication that consumers were by mid-2019 in general slightly more positive about propertymarket conditions and influencing factors than earlier in the year. Although consumer confidence was still low in the second quarter, it was, as in the case of property market sentiment, slightly higher compared with the first quarter, mainly due to the outcome of the general election in May, which was largely according to pre-election predictions and expectations.
Homeowner Sentiment Index Q2 2019
Are your neighbours nice or nasty?
South Africa - Property360
Experts tell you how to ensure you remain on good terms with those living next door and nearby To live in a great neighbourhood and enjoy all the comforts that come with being part of a tight-knit community, you have to be a good neighbour yourself. There’s certainly no shortage of examples of bad neighbours in TV shows and films (think Homer Simpson or any neighbour in Desperate Housewives). But what does it mean to be a genuinely good neighbour?
Etiquette experts share ways to build and maintain positive, long-lasting relationships with your neighbours. (It takes more than lending someone a cup of sugar.).
Mortgage Arrears: Government-Sponsored Version Of ‘Keeping People In Their Homes Bill' Passed
Ireland - Mondaq
The Land and Conveyancing Law Reform (Amendment) Bill 2019 completed all stages of the Houses of the Oireachtas on 2 July 2019. When it comes into force, it will broaden the matters that a court must take into account when a lender applies for a possession order in respect of a borrower's primary residence. Background
The original Bill (the Keeping People in Their Homes Bill 2017) was put forward by Independent TD Kevin 'Boxer' Moran in 2017, and proposed that judges evaluate, among other matters, a borrower's family circumstances before granting a possession order in respect of a family home.
In February 2019, the Minister for Justice and Equality confirmed that the Government would advance the Bill as a Government-sponsored Bill, with a number of drafting changes. It was then re-named the Land and Conveyancing Law Reform (Amendment) Bill.