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Articles published in March 2011

New Vredehoek apartment block launch

2011/03/01

A new boutique development has been launched in Cape Town, Vredehoek with 12 apartments priced from R2.2 million.


What causes false security alarms?

2011/03/01

False alarms account for most signals received by security monitoring centres. Find out what the main causes are and how to avoid them.


Estate agency boss fired

2011/03/01

The CEO of the Estate Agency Affairs Board credited with launching a clean-up of the industry has lost her job, the board said on Tuesday.


Survey, over 12 000 households visited

2011/03/01

The Income and Expenditure Survey 2010-11 being conducted by Statistics SA has reached the halfway stage, with 12,430 households visited.


The value of home owners insurance

2011/03/01

When buying property the bank will require that you take out a comprehensive insurance policy. Find out what this covers...


Farm workers given salary rise

2011/03/01

The Department of Labour’s revised annual minimum wages represent a 4.5 percent salary increase for farm workers.


Only slight growth in property prices

2011/03/01

Residential property prices grew only slightly for February with an expected decline of around one percent for the year, according to FNB.


A male’s guide to home décor

2011/03/01

Few men understand a woman's need to decorate but the notion is rather simple - see it as a sport and you can do wonders with your décor...


Decorate a blank garden wall

2011/03/04

If you have dispelled the idea of growing unpredictable vines to cover a wall, think again. Espalier, the art of training plants, can control that.


IDC to give R750m for farmer relief

2011/03/02

The Industrial Development Corporation is giving R750m to farmers affected by recent floods and drought with applications open until February 2012.


Slow growth in mortgage lending

2011/03/01

In January, the value of mortgage loans slowed further in year-on-year growth, from 4% in the previous month to 3.8%, according to latest figures.


R500m shopping centre for Queenstown

2011/03/02

The new R500m regional shopping mall is to be developed on the N6 Cathcart Road in the Eastern Cape town of Queenstown.


Food quarter development for Ballito

2011/03/02

A centre featuring a piazza-style food quarter is being built in Ballito, KwaZulu Natal, adjacent to a new 800-seater conference venue.


Real market value of a property?

2011/03/02

Determining the true market value of your property or of one you may be interested in buying is not as difficult as it seems. Get some tips...


Foreign property – conditions are ripe

2011/03/02

The rand's strength, historically low international property prices and relaxed exchange controls make this a good time to invest overseas.


B-BBEE targets for property industry

2011/03/03

The recently released Sector Code of Good Practice by the Property Sector Charter unveils bold new B-BBEE targets for the industry.


Aveng fined R128,9m for collusion

2011/03/03

Construction company Aveng will pay a fine of R128.9m relating to two cartels in the wire mesh and rebar business, the Competition Commission said.


Make your bed correctly

2011/03/02

Getting into a neatly made bed is more pleasant than climbing into a rumpled one. Learn how to make a bed correctly to ensure sweet dreams.


Property market remains muted

2011/03/02

The property market is expected to continue to reflect developments on macroeconomic, household sector and interest rate fronts, said Absa.


Legal checklist for buying property

2011/03/03

Buying a property may be the single biggest investment you make. To reduce the risk be aware of what to look out for before you sign...


Fired agency boss takes board to court

2011/03/03

The Estate Agency Affairs Board will no longer discuss the firing of its CEO as she is taking them to court, it said on Wednesday.


F State service delivery must improve

2011/03/03

A number of mounting problems at municipal level in the Free State need attention for proper economic development to take place, the DA said.


Township property best performer

2011/03/03

Property in more affordable metro areas, particularly former black townships, performed best in price growth in 2010, said FNB.


Cape Town airport best in Africa

2011/03/04

Cape Town International Airport has been named the best airport in Africa and OR Tambo the third best by the Airports Council International.


Beware cancellation charges on bond

2011/03/03

When selling property make sure you inform the bank of your intention to cancel your home loan, otherwise you risk paying penalty charges.


Security affects property values

2011/03/04

Before buying a property you would do well to check how secure the neighbourhood actually is. Get some helpful pointers and follow this advice...


Bank accounts and sect. title schemes

2011/03/04

Handling a sectional title or homeowners’ association’s finances should always be as transparent as possible. Get an expert’s view...


Latest bathroom tile trends

2011/03/04

If you are planning to remodel your bathroom, tiles should be your first choice of floor and wall covering. Find out what's new and in style...


Luxury property market struggling

2011/03/04

Housing activity in suburbs priced above R3m remains in the doldrums, reports from more than one property industry player show.


EAAB widens investigation net

2011/03/07

Trade and Industry Minister, Rob Davies, confirms that several top estate agencies are to be investigated for the possible misuse of trust funds.


Hawks to arrest eThekwini officials

2011/03/07

Amid promises of action against corrupt housing officials, the Hawks will arrest eThekwini officials in connection with housing fraud.


Philanthropist wins court battle

2011/03/08

Residents at the Jimbos informal settlement in Philippi will not be forced to move off land that they have occupied for more than 25 years.


Gaddafi, shares in Michelangelo Hotel?

2011/03/07

Legacy Hotels has denied reports that Libyan strongman Muammar Gaddafi had any shares in the group or the Michelangelo Hotel in Sandton.


Realcor adviser quits

2011/03/07

An advisor to Cape property syndication company Realcor has quit while plans to merge two property development companies have collapsed.


Role of cities in housing development

2011/03/07

Human Settlements Minister Tokyo Sexwale has assigned new powers to several cities and district municipalities for building of human settlements.


Property prices remain low

2011/03/07

The year-on-year growth in average value of small, medium and large homes in the middle segment of the property market remained low...


'Phenomenal growth' in solar market

2011/03/07

In line with global trends, SA is moving away from traditional water-heating methods such as geysers towards more energy-efficient alternatives.


51% unhappy over service delivery

2011/03/08

Local elections will be held on18 May and political parties are promising to improve service delivery levels. But do these promises hold water?


Are landlords really that sympathetic?

2011/03/08

Many landlords have to deal with tenants who default on rental payments, while worrying about how to pay their bond on the property...


Ten tips for new property buyers

2011/03/09

When buying property for the first time most people will require home loans. Find out what you need to know before you apply ...


Brokers forced to repay funds

2011/03/08

Financial brokers who advise people to participate in a property syndication scheme can be held liable for the losses incurred by these investors.


Bankrupt but R7m paid to consultants

2011/03/08

The Brits council, operating under administration, is paying large consultancy fees to independent consultants for advice.


Mpumulanga lakeside lodge auction 22/3

2011/03/08

The lodge situated in the Lowveld, close to White River, Hazyview, Panorama Route and Kruger National Park will go on auction later this month.


Anatomy of a property bubble

2011/03/09

Property bubbles are strange things - if everyone wants to buy and build better property, why should this cause the prices and investments to crash?


Set up your home for entertaining

2011/03/08

When entertaining at home, be more concerned with the atmosphere created than the venue. Make entertaining guests a breeze with these tips...


Dealing with household emergencies

2011/03/09

A home emergency may strike unexpectedly and your response, or lack thereof, could determine how things work out in the end. Get some tips...


Tenant rental payment activity stable

2011/03/08

Tenant rental payment behaviour remained ‘stable’ throughout 2010 with the low interest rate, limited credit and flat rental increases as factors.


Sharemax liquidation - investors lose?

2011/03/09

Troubled investors in Sharemax could lose millions of rands unless a Scheme of Arrangement is implemented to protect them.


Shopping centre robberies drop 43%

2011/03/09

Shopping centres have been a favourite target for criminal gangs but major protection measures at malls have seen crime levels fall sharply.


DTI wants report on CEO’s firing

2011/03/09

The DTI has confirmed that it wants a detailed report on the circumstances that led to the sudden dismissal of the EAAB’s chief executive officer.


R500m police lease – report flawed?

2011/03/10

The Public Protector’s report on the R500m lease of new headquarters for the South African Police has been branded as 'shallow and superficial'...


Sect. title: Working from home rules

2011/03/09

More people are working from their homes but is this actually allowed in a townhouse, complex or flat? Get an expert's view on the matter.


Sectional Titles Act amended

2011/03/09

The Sectional Titles Act has been 'extensively amended' with some important points particularly for developers and managing agents.


Shutters: Hot home trend

2011/03/10

Décor trends are about rethinking, recycling and renewing. Shutters today reflect this and can be used in a mutitude of ways for different effects.


Cut electricity CT residents warned

2011/03/10

As South Africa faces rolling blackouts over the winter season, Cape Town has called on its residents to cut consumption by at least 10% this year.


Allegations abound around Mapetla

2011/03/10

The EAAB has conceded that it responded to an onslaught in the media against it by former CEO Nomonde Mapetla by immediately dismissing her.


Moutse mounts ConCourt challenge

2011/03/10

With municipal elections looming, the constitutional court will consider whether plans to incorporate Moutse in Mpumalanga were legal and necessary.


Joburg residents get billing discounts

2011/03/10

Johannesburg residents with long-standing queries on their accounts are to receive substantial discounts, if they meet certain requirements.


Property auction laws change industry

2011/03/10

The new laws applicable to auction property will come into effect through the Consumer Protection Act on 1 April and are set to change the industry.


RE/MAX Gauteng scoop most awards

2011/03/10

For 2010 RE/MAX reported a 37% growth on registered sales compared to its 2009 figures, sold 18 new franchises and saw 558 new agents joining...


Coastal agents rewarded for hard work

2011/03/10

At various events held during February RE/MAX agents were recognised for their passion, leadership and sales results.


Confidence in building wanes

2011/03/11

Confidence in the building industry has fallen sharply and even material supplies have dropped because of a shortage of building work in SA.


Mapetla ruling due today

2011/03/11

The South Gauteng High Court’s Judge Lotter Wepener will rule this morning on whether the court has the jurisdiction to hear the Mapetla matter.


Fewer flats stand empty

2011/03/11

Buy-to-let property investors finally have something to cheer about, with latest data pointing to an improved outlook for residential rental growth.


Greening programme exceeds target

2011/03/11

The government's national greening programme has in the past three years reached and exceeded its million-trees-a-year target.


Would you become an estate agent?

2011/03/11

Paddy says that while talking of a ‘clean-up’ the industry should be setting up apprenticeship programmes to attract and nurture new talent.


Property rentals – what about pets?

2011/03/11

Many landlords stipulate their rental property is not suitable for pets as the perceived risk of damage seems too high. But there are remedies...


Should you renovate your home?

2011/03/11

There are a number of things to consider before deciding to renovate your home, not least of all whether or not it will prove a wise investment.


Inner Jozi gets R780m boost

2011/03/14

A new hotel, offices, loft apartments, retail space and fitness centre will be part of two mixed-use developments in Newtown, Johannesburg.


Agency boss loses High Court case

2011/03/14

In a ruling on Friday the Judge refused to grant axed EAAB chief executive Nomonde Mapetla urgent access to the South Gauteng High Court.


Land commissioners leave en masse

2011/03/14

SA has only only one land claims commissioner left after the others resigned in a dispute over pay levels that reduced salaries to R840k a year.


Just 6% of estate agents are black

2011/03/14

Illegal agents, few black agencies and a surge in the number of complaints from consumers are just are some of the problems facing the EAAB.


Buying property: Check for defects

2011/03/14

While the Voetstoots clause and new Consumer Protection Act may offer some protection when buying property, rather spot the dangers before signing.


Property deals - restraints

2011/03/15

In a consent order published by the Competition Tribunal, Liberty Group agreed to pay an administrative penalty of just more than R18m.


Fancy owning a boutique wine farm?

2011/03/14

A boutique wine farm with a magnificent modern Cape Dutch manor house has come on to the market in Franschhoek, Western Cape at R28,5m.


Creating wall murals

2011/03/14

Personal wall murals are easy to create, providing the perfect opportunity for using leftover paint. Dramatise your space with this DIY mural guide.


How and when to blacklist a tenant

2011/03/15

Landlords and property managers can get caught by a delinquent tenant and often blacklisting is seen as the only way forward. Get an expert's view!


Payment arrears – act immediately

2011/03/15

March is Consumer Rights Month and the NCR is running a campaign to inform consumers of their rights and obligations when using credit.


Try a walking tour of Hillbrow?

2011/03/15

Many people regard Hillbrow as a no-go area but there are monthly walking tours through the suburb that show another side of life in the city.


Tough action against scamsters

2011/03/15

Property syndication schemes flout some laws but the Financial Services Ombud has warned other professionals to be wary when promoting syndications.


Banks warned by FSB

2011/03/16

While millions can’t afford to run a bank account, the FSB insists that banks must change the way they deal with all customers, rich and poor.


Army barracks in Durban to go

2011/03/16

After much public comment, the Army Barracks at Natal Command will be demolished so that a new road can be completed before the end of June.


Occupational rent – are you covered?

2011/03/15

Reading the fine print and ensuring every eventuality is covered in the agreement is one of the most crucial aspects of buying or selling property.


Farmworkers may be shareholders

2011/03/16

As SA’s land reform policies get bogged down in red tape, another option is now open to sharing farming profits between workers and farm owners.


Want a bargain? Try Soweto

2011/03/16

The Soweto housing market is growing as more people sell their expensive northern suburbs homes and buy themselves a bargain in Soweto instead.


Rural market is focus for Iliad

2011/03/16

Material suppliers have been hard-pressed to make profits in a market where the renovations business in urban areas seems to have slowed markedly.


Cable theft blackout in Tshwane

2011/03/16

Parts of the Tshwane CBD continue to experience power blackouts due to cable theft, as technical teams are now working non-stop to restore power.


R100-million tender fraud alleged

2011/03/16

As South African municipalities battle to provide services, a Madibeng employee is facing a court hearing in connection with a R100-million fraud.


Replacing wood with Resysta

2011/03/18

Dubbed Resysta, the new wooden material retains the integral look and feel of natural wood, but without requiring the felling of a single tree.


Identify a household pest situation

2011/03/17

Pests can make your skin crawl but it’s important to identify the culprit and follow protective measures to reduce further creepy crawly sightings.


R524bn spent at centres each year

2011/03/17

While the scope for new shopping malls may be limited there is still plenty of room for smaller, convenience shopping centres in SA’s suburbs.


Shebeen - house forfeited to state

2011/03/17

Having been raided 52 times by police the High Court forced a couple to forfeit their house so that their shebeen could be permanently closed.


Bedfordview retail collusion

2011/03/17

The Competition Commission referred a case of collusion in the retail property market in Bedfordview to the Competition Tribunal for adjudication.


Cape Town passes development buck

2011/03/17

A huge public outcry over a development in Durbanville appears to have led to Cape Town’s decision to ask the province to rule on the new project.


Commercial property gap growing

2011/03/17

Commercial property has held up well but investors are focusing on safer bets in good positions such as Sandton, Tyger Valley or Umhlanga Ridge.


JHC gets R300m for housing

2011/03/18

The JHC borrowed R300m for new rental stock in Johannesburg inner city, while more than R24m has been spent on fixing up the Premier’s home.


More demand, but more homes on market

2011/03/17

A rise in demand for residential property appears to be matched by a rise in supply of homes, a survey of estate agents showed.


Listed property returns weaken

2011/03/18

Investors are no longer coining it from listed property stocks, with share prices in the JSE’s R120bn real estate sector coming under pressure.


eThekwini - forensic investigation

2011/03/18

With widespread reports of fraud and maladministration, the MEC for Co-operative Governance is determined to get to the bottom of these allegations.


Illegal connections, child badly hurt

2011/03/18

The community in Makhaza admits that illegal electricity connections have injured children but insists the city or Eskom must give them electricity.


Higher-density residential building up

2011/03/18

It will take some time for the new housing market to improve, but higher-density residential developments look to be the future of housing in SA.


Real value of building plans improves

2011/03/18

The real value of recorded building plans passed by larger municipalities increased by 36% year on year in January, according to latest figures.


Rubberise your home

2011/03/18

Rubber carpet tiles are the new DIY-friendly and durable floor application, available in various colours to suit your style and sense of fun.


Property awards with a twist

2011/03/18

Property group Fine & Country South Africa recently hosted an industry awards ceremony in recognition of its top performers.


Land reform fails again

2011/03/22

Instead of earning R1m a year land claims commissioners will now be earning just R840k. Paddy questions how they have performed on the job?


Water price to almost double?

2011/03/22

Water is a scarce commodity in South Africa and with a collapsing infrastructure it means that wastage makes water even more expensive.


Maroela House now a VIP medical home

2011/03/22

Having treated dignitaries and international politicians from a caravan since 2006, Bryntirion Estate is due to get a new hospital inside its walls.


Senior officials subpoenaed by council

2011/03/22

Joburg residents can complain until they’re blue in the face but service delivery won’t improve until officials start to take their jobs seriously.


Property prices down, home loans up

2011/03/22

Although the property market remains tough, there are signs of improvement with more home loans approved and more people buying for the first time.


Own a castle on the bay

2011/03/23

Ever dreamed of living in a castle? This stone castle with views of the bay in the West Coast town of Saldanha is on the market for R7,6m.


Clay bricks offer many benefits

2011/03/23

Not only are clay bricks a versatile, durable and cost-effective building material, they are also noise-retardant and aesthetically pleasing...


Instant décor changes

2011/03/23

The least costly way to redecorate is to rearrange what you already have. 'A change is as good as a holiday' so liven up your interiors...


Money to blow, give it to Public Works

2011/03/23

Dodgy lease agreements worth R500m, a new guest house costing R92m and R192m for fixing another home – the PWD has a lot to answer for.


Joburg fails to spend almost R2bn

2011/03/24

While residents complain about the state of Joburg’s roads, the reality is that the council has just not spent the money allocated to improve them.


Property market is stable, not rosy

2011/03/23

Indicators from the Reserve Bank, and three of the major banks show that while the property market is stable, the good times are still a way off.


Table View - waste of valuable coast

2011/03/23

Poor planning, busy roads and parking lots hamper Table View’s potential but this may soon change if council accepts new guidelines for the suburb.


New residential home loans still low

2011/03/23

The January leading indicator resumed its declining trend, suggesting the increase in residential mortgages in December may have been short-lived.


Natural born wooden interiors

2011/03/24

Wood is the new 'it' word for décor. Valued for its natural tones and markings, it is being used everywhere in the home and for good reason too...


'Switch off' this Earth Hour

2011/03/24

On 26 March Earth Hour organiser, the World Wildlife Fund, is hoping to break a record - but they need your help by signing up and switching off...


CPA, sole mandates can be cancelled

2011/03/24

Sole mandates are an essential part of selling homes, but sellers must be told they have five working days to cancel a sole mandate.


Clarens - homes for under R2m

2011/03/24

For many people Clarens is an ideal retreat offering a healthy, slow-paced lifestyle with a range of sandstone homes at affordable prices.


Erinvale comes of (expensive) age

2011/03/25

The estate outside Somerset West is now fully developed and Erinvale property is selling at R3m for entry-level homes up to more that R40m.


Home loans pricing more conservative

2011/03/24

For those buying property lending requirements may have relaxed over the past 18 months but don’t expect home loans to be more competitively priced.


Joburg goes after litter bugs

2011/03/24

The City of Johannesburg is getting tough on illegal dumpers, as it goes all out in its campaign to clean up the Joburg's streets.


Western Cape property most attractive

2011/03/24

The Western Cape was the only province to have more people buying property than selling property in 2010, according to FNB.


What solutions for SA’s land woes?

2011/03/25

Paddy says people want land and they don’t seem to care how they get it, they just want it. So what can be done to solve the problem?


Buying versus renting property

2011/03/24

In a depressed market, many people ask themselves whether it is more financially prudent to buy their own home or to rent one instead.


Interest rates remain unchanged

2011/03/24

The decision to keep the interest rate unchanged at 9% comes as no surprise and offers a continued respite for homeowners.


Housing stock for Jozi and Cape Town

2011/03/25

Government and municipal plans see the Jozi city centre being transformed and happy residents moving into new homes in Brooklyn, Cape Town.


Auctions aplenty in the next few weeks

2011/03/25

You have a choice of the luxury or the mundane as batch of properties –go on auction during the next couple of weeks. It’s worth having a look.


Consolidation and a lick of paint

2011/03/25

Gauteng wants to reduce the number of municipalities in the province and, at the same time, clean up the old towns and cities with a lick of paint.


Bonds not going up this month or next

2011/03/25

Heavily indebted South Africans will be delighted to know that the instalment sales and bonds rates will remain unchanged for the next few months.


Snag in case against Joburg Council

2011/03/28

Joburg resident Linus Muller must prove other people have not had a response from the council so his legal case against Amos Masondo can continue.


Pay the attorney your deposit

2011/03/28

With the recent brouhaha over Wendy Machanik Properties, legal experts advise that deposits be paid to conveyancing attorneys and not estate agents.


CPA: A different kettle of fish

2011/03/28

If you buy a kettle and it breaks after six months, you will have the right to demand your money back. But there are certain implications…


Officials to euthanise baboon mugger

2011/03/28

The infamous Cape Town baboon ‘Fred’ known for burgling cars and mugging tourists at scenic look-outs has been captured by conservation officials.


Germiston hospital delays opening

2011/03/31

A new hospital in Germiston, Gauteng is still not ready to be opened, despite promises that it would be completed by October last year.


Squatters threaten royal wedding view

2011/03/28

A group of protesters and homeless people are squatting opposite Westminster Abbey and refuse to move for the Royal Wedding in April.


High-priced homes take longer to sell

2011/03/28

Upper income properties with an average price of R2 million were taking much longer to sell in the first quarter of 2011.


Western Cape has the best confidence

2011/03/28

Confidence levels in the Western Cape over the past 2.5 years have remained highest relative to other provinces, according to FNB’s monitor.


Financial vulnerability still high

2011/03/29

The still high level of household indebtedness leaves home owners vulnerable to expected mild interest rate hiking later this year.


Keep interest rates low

2011/03/28

Decisions by the Monetary Policy Committee to keep the repo rate unchanged was welcomed against a backdrop of price hikes says Dr Andrew Golding.


Joint ownership an option

2011/03/29

With average house prices now more than R800k, the option of buying a property in partnership with someone else is becoming a reality.


Consumer rights taken up a notch

2011/03/29

South African consumers are now benefiting from increased levels of protection against suppliers, CPF has now made March ‘Consumer Rights Month’.


Sharemax woes not yet over

2011/03/29

A forensic investigator claims that a compromise is trying to legalise an illegal act and won’t resolve problems facing investors in the scheme.


Prevent DIY accidents

2011/03/30

Don’t be a victim of DIY - plan your home improvements properly and ensure a finished project without the blood and tears. Here’s where to start…


Order to demolish holiday home

2011/03/29

Strong environmental legislation has been used to force a property owner at Die Punt to demolish a house that was built inside the high-water mark.


New method for recycling tyres

2011/03/29

Recycling tyres can be dangerous, but the new method not only preserves a clean and safe environment, but also creates employment in SA.


Recovery in commercial property

2011/03/30

For the first time in eight years South Africa’s investment returns were not the highest in 23 markets measured around the world.


Arrears for two years must be paid

2011/03/30

A Western Cape court has ruled that sellers need only pay arrear rates for the previous two years even if the council is owed more than that.


SA needs culture of saving

2011/03/30

Economic growth is likely to be hampered in South Africa unless a people start saving more and spending less according to a Momentum economist.


A new Sandton for KZN

2011/03/30

Is Umhlanga Ridge likely to become a new Sandton as more and more businesses leave Durban for the sedate village life of this growing borough?


Student flats – elderly complain

2011/03/30

A group of elderly people are furious that eThekwini municipality allowed a block of student flats to be built in an area where older people live


Banks keep strict lending rates

2011/03/31

Banks are sticking to their tough lending criteria and this is reflected in the fact that mortgage advances actually declined in February this year.


Nedbank’s R24m injection in Roodepoort

2011/03/31

A new affordable housing development will offer a range of housing packages to buyers who can spend between R375k and R600k on a home.


Greek-style bathroom makeovers

2011/03/31

Contemporary blue bathrooms are reminiscent of exotic places and will inspire the traveller in you. Get some great ideas for a bathroom makeover!


Western Cape spends R2,1bn on housing

2011/03/31

Amid threats that its grant would be withdrawn, the Western Cape has managed to spend its entire housing allocation within the financial year.


Regional shopping centres pressured

2011/03/31

Despite higher levels of retail spending, regional shopping centres are under pressure from rising capitalisation rates and falling market values.


Lonehill auction called off

2011/03/31

A last minute deal has prevented the auction of Lonehill and Bel Air shopping centres from going ahead. The centres were valued at R700m.


Taxpayers robbed by corrupt officials

2011/03/31

Housing projects, the police, Public Works and even Arts and Culture stand accused of widespread corruption that has robbed taxpayers of billions.


How to select the best dishwasher

2011/03/31

In view of the convenience they bring, dishwashers are one of the most desirable appliances to own. Get tips on how to select the right model...