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Property News

Industry welcomes ‘reasons for refusal’ proposal

Proposals by the government to force banks to make public their reasons for rejecting home loans has been welcomed by Bryan Biehler, joint managing director of De Huizemark Countrywide.

KZN QS’s futures looking up

Work prospects for KZN's quantity surveyors, both locally and in overseas markets, has been catalogued as "very positive" by Indresen Pillay, chairman of the KZN's Junior Chapter of the Association of South African Quantity Surveyors (ASAQS).

New northern suburbs node earmarked for R40m office development

Rapidly growing interest in a newly emerging node centred on the Bryanston Shopping Centre is reflected in the strategic acquisition of a development site in the area by a joint venture partnership comprising 5th Avenue Properties, Edge Properties and Odyssey Developments.

Richards Bay boom leaves home shortage

Proposed industrial development and a 13-year low home loan interest rate have set the local residential property into an advanced recovery phase, according to a survey by National Referral Services (NRS). Both purchasing and rentals in this area are under serious pressure.

German interest in Langebaan picking up

De Huizemark in Langebaan is gearing up to handle an anticipated influx of German residential property buyers following a distinct increase in the number of visitors from that country over the recent holidays. Many are apparently following recommendations by their German friends living in Langebaan.

Banks, consumers should help Nelspruit out of doldrums

Greater efforts by both the banks and consumers are vital, if homeownership is to prosper to its true potential, says Nelspruit estate agent Maggie Lewarne.

Every office park needs a generator


Widespread power failures as a result of the recent heavy rains have clearly demonstrated why every office park north of Johannesburg should have a generator set. So says Advanced Infrastructure Management (AIM) director James McCormack.

Regus plans new centre in Woodmead


Global business centre group Regus is to open a sixth South African “instant office” centre, in Woodmead, north of the Sandton CBD.

Not much time left for ‘best deal’


With interest rates down and activity up, there are great expectations that sellers will start getting better prices soon but upgraders should not necessarily wait that long, says Dr Piet Botha, chairman of the Nationlink estate agency group.

Insist on marketing plan in mandate


The simplest way for a property seller to safeguard his interests when awarding a sole mandate is to insist that the estate agent’s marketing plan is made a term of the mandate.