“Green shoots here and there have given early indications that the property market started 2012 on a positive note.” However, Samuel Seeff, Seeff Chairman, says that the market is not entirely out of the woods.
In February, Seeff recorded 900 million Rand in sales as their best month in four years. They managed to reach a whopping 28% increase as compared to last year where they attained 600 million.
We cannot shelve the fact that low interest rates, annual salary increases and the flat house price growth have made homes more affordable …

South Africa is recognised as one of the most important developing countries in the world. Not only because SA is part of BRICS, but because the country also incorporates state of the art properties.
Countries that form BRICS are expected to accumulate twice as much economic growth in 15 years to come. This has certainly created foreign interest in South African property. The World Bank recently announced that emerging markets are attracting investors from developed countries and that they are playing a massive role in reshaping the global economy.
Another positive side …

The best way to find property for sale in Johannesburg is via a real estate agent. However, I stand to be corrected, but I’m going to prove my point. Like any other jargoned term; “real estate agent is too broad.” If you break it down, you will realise that it has itsown specializations (well like any other profession). Some agents specialize is residential, industrial and some specialize in commercial properties. Those who specialize in commercial properties do know what to sell when a prospective customer wants to build a mall. …

Recently South African property news features focused on COP 17 and what the Green Building Council of South Africa (GBCSA) was planning to do. An example of the GBCSA’s initiative was the first “green street” retrofit, a legacy project which aimed to restore 30 low income homes in a street at the Cato Manor, Kwa Zulu Natal.
Green houses offer a lot of benefits and pretty soon they will be such a norm that they won’t be reported on in South African property news outlets.
Here are a few benefits that a …

Some positive South African property news; a new green hotel is in the pipe-line for Cape Town. The Hotel Verde is in its final stages of approval with the construction expected to be complete by early 2013.
The hotel name “Verde” means green in Italian but that isn’t the only reason why it is called a green hotel.  This 143 room, 3-star hotel is located just 500m from the terminal building of the Cape Town International building.  The room sizes, services and fittings will however be similar to those of a …

While the year-on-year decline in the value of mortgages granted was already negative in the first quarter of the year at -1.2%, it accelerated even further during the second quarter.
South African property news comments released by FNB reveals that the pace of decline accelerated to -9.7% in the 2nd quarter of the year on a year-on-year basis.
The analysis is based on data from the South African Reserve Bank’s Quarterly Bulletin.
“When it comes to the trend in the value of new mortgage loans granted (residential and non-residential included), it was not …