News Results

VALID TRANSFER BUT NO VALID DEAL

South Africa's courts have found that the transfer of immovable property may be valid despite an invalid sale agreement. This landmark decision makes it imperative for buyers and seller to understand that once transfer takes place there is slim chance of going back for either party, explains Andrea Godfrey of ...

Date Added:  20 May 2009
Read article

ORIGINATORS HELP WITH 70%+ OF LOANS

Well over 70% of all new home loans are facilitated via originators. This is according to Rhys Dyer, chief operating officer of ooba (formerly MortgageSA), who adds that originators have been responsible for improving interest rate concessions across all home buyer consumers (including first-time buyers), with rate concessions of up ...

Date Added:  20 May 2009
Read article

LISTED PROPERTY IN FAVOUR AGAIN

Investors regained their appetite for listed property in April and international markets as well the SA market experienced a bull-run. Analysts agree that although it seems as if though the worst is over, it is too early to say if this run is sustainable. Catalyst fund managers say the total ...

Date Added:  20 May 2009
Read article

UK HOUSE PRICES UP BEFORE END-2009

The UK's mass-circulation Sunday Times Money supplement has run a report in which they quote three of the country's biggest lending institutions as saying that further price falls will not be above 7% and that prices will be rising again before the end of this year. Lloyds, now Britain's biggest ...

Date Added:  20 May 2009
Read article

SCREWS TIGHTEN FOR JHB SLUMLORDS

A tough new task force has been unleashed on bad buildings in the inner city. It is looking at slumlords, hijacked buildings and errant owners. A task team has been set up to track down and prosecute slumlords. The City of Johannesburg (COJ) has turned up the heat on owners ...

Date Added:  19 May 2009
Read article

FOREIGN INVESTMENTS MORE POPULAR NOW

With relaxation of exchange controls, more foreign travel and greater availability of low-cost offshore mortgage finance, more South Africans are looking at foreign property ownership. As South Africa cements its place in the global economy many property investors are questioning the wisdom of having all their real estate investments in ...

Date Added:  19 May 2009
Read article