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Property News

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.

German-backed Plett development takes off

Plettenberg Bay’s R250 million Schoongezicht Country Estate, backed by German investors, attracted great interest this summer.

Seeff turnover up by 100%

Own source Seeff's seven KZN real estate offices increased turnover by more than 100 percent last year over 1998. However, this was less than the group's national increase in turnover which rose by 120 percent for the same period to R2,22 billion in 1999.

Dairnfern weathers property downturn

Demand for property at Dainfern golf estate has skyrocketed in recent months with more than 830 homesites now sold of the total of 1200.

NRS applications flooding in

A strong indicator to the rapidly improving market conditions within the real estate industry comes from National Referral Services (NRS); who announced this week it had received eight applications in a 22-day period for membership of the 70 member office group.

Naspers to acquire control of Planet/MLS


NasNews, the newspaper division of Naspers, is to acquire control, subject to completion of formalities, of property technology and information company Planet / MLS, which is currently jointly owned by large retail banking groups.

Pinetown property surges

A flurry of end of year purchasing activity in Pinetown helped push residential selling prices up by 12 percent in the town for the last month of the 20th century over that of December 1998.

Property again a great asset

Inflation is declining but property prices are rising, breaking the traditional linkage between inflation and property prices and reestablishing property's credentials as an investment asset says Peter Gilmour, RE/MAX SA CEO.

Market’s upset tummy still not stabilised

The string of positive financial indicators including rising prospects of further interest rate cuts spelt good news for the residential property market. However, prices would cling to their current levels until at least the second or even third quarter, says Denis Quayle, Homenet's Western Cape director.

Durban tenants tighten up again

Durban's residential tenants could be in for another belt-tightening year, according to a survey by Seeff KwaZulu-Natal.