Property News Trending

Knowledge Factory’s, SA Property Transfer Guide has kept its Property Clock unchanged this month at 21 minutes to the hour. The Clock measures high-level national trends in the residential real-estate market. It retreated by five minutes in 2011 and moved forward by one minute in March 2012. Property Sector Analyst, Dieter Deppisch, comments: “The 2012 mid-year mark finds the USA on the presidential campaign trail, Mexico with a new leader, Syria at war (still), the Franco-German alliance changing Europe‟s diapers, and Mangaung looming large for the ruling party. The fall in fuel prices in June induced a smile that will widen with another drop in July.

OOBA‟s average house price was marginally down while the Kagiso Purchasing Manager‟s Index (PMI) remained stable. The PMI‟s Employment sub-index even moved up a notch. However, its leading indicator (new sales orders as a ratio of inventories) fell to its lowest level since 2009 – an indication that inventories are still higher than the demand for manufactured goods.

The property sector is running out of adjectives. The current market is being described as “subdued”, “slowing”, “pedestrian”,  “restrained”, “weak” and “running out of steam”. Indeed, although pockets of strong demand are found in most major metros, any expectations for a swing to a seller’s market have been shelved for the immediate future.

Domestic real economic growth is forecast to be slightly down this year from 3, 1% in 2011, driven by global economic developments set to have a dampening effect on our export performance. May’s CPI of 5, 7% made a faster than expected return to the SARB‟s target range (3% – 6%). Hence, Nedbank expects a rate-hike around March 2013 while ABSA has pushed their expectation further forward to late 2013. In any event, unless the Eurozone‟s contagion becomes an economic “Ebola”, we are unlikely to see a rate-cut stimulus this year. The Eurozone is our largest trading partner. Flying there may take 9 hours but its impact on the Rand takes just minutes, vacillating between R10,59–R10,33/Euro in the past month alone.

Despite the surfeit of gloomy news, houses and apartments are transferred into the names of new owners each and every day. People get married, get divorced, get a promotion, are transferred, lose their job, die, have children or their children leave home. This happens almost 15,000 times each month in South Africa (excluding RDP transfers). These life-stage drivers ensure the market is never stagnant. It is excellent that more 1st time buyers are joining the fray as local banks support them with attractive or in some cases, even generous, loan-to-values (LTVs). In the wake of allegations made against a prominent auction-house, investors are returning to auctions as fears of  “ghost-bidding”, dissipate.

Knowledge Factory salutes:

1) Astute estate agents who ensure their mandates are correctly priced.

2) Agents who use comparative pricing analysis and auto valuation models (AVMs) to help sellers advertise their homes at market related values and

3) Agents who use only the best property listing portals to ensure they get maximum eyeballs on their listings.

Each month thousands of potential buyers cybersurf for insight and opportunities long before contacting their local estate agent. So ask yourself: Are you really “visible”? Tough decisions require unadulterated information. Knowledge Factory is committed to supplying sophisticated data to help buyers, sellers and property professionals make informed decisions.

Dieter Deppisch

Property Sector Analyst

Leave a Reply

Be Careful Of Sophisticated Property Scammers When Buying Property
4 Basic Scenarios That Bring On Buyer’s Remorse
Avoid These Debt Hazards To Keep Your Home
SA Property Market Remains Safe Haven Asset For Investors
What To Do (And NOT To Do) When Looking To Sell Your Home
How Do Your Pets Affect The Selling Of Your Property?
4 Important Questions To Answer Whether You’re Ready To Buy A Home
4 Minimum Insurance Considerations For Body Corporate
6 Quick Tips When Buying A Home In An Estate
How To Sell Luxury Real Estate
How Hiving Living Emerges As New Housing Trend
City Or Suburbs: Where Should You Buy A Home In South Africa?
Property Practitioners Bill – Why Should The Consumer Give A Hoot?
Why A Good Sale Actually Starts With A Good Sale Agreement
4 Top Reasons To Buy a Home In The Summer
4 Home Buying Obstacles To Overcome
Be Careful Of Sophisticated Property Scammers When Buying Property
4 Basic Scenarios That Bring On Buyer’s Remorse
Applying For A Home Loan? Key Is A Good Credit Report
4 Important Questions To Answer Whether You’re Ready To Buy A Home
6 Quick Tips When Buying A Home In An Estate
City Or Suburbs: Where Should You Buy A Home In South Africa?
Property Practitioners Bill – Why Should The Consumer Give A Hoot?
4 Top Reasons To Buy a Home In The Summer
When Is The Right Time To Buy Property?
Make an Informed Decision When Buying a Fixer-Upper
10 Common Mistakes First-Time Home Buyers Make
8 Greatest Concerns Keeping Property Investors Awake
6 Surprising Things Home Buyers Notice First In A Home
10 Important Questions To Ask The Agent Before Buying A Home
What To Do (And NOT To Do) When Looking To Sell Your Home
How Do Your Pets Affect The Selling Of Your Property?
How To Sell Luxury Real Estate
Property Practitioners Bill – Why Should The Consumer Give A Hoot?
Why A Good Sale Actually Starts With A Good Sale Agreement
What Are The Tax Implications Of Selling Your Primary Residence?
5 Unexpected Expenses When Selling Your Home
How To Get Ready To Sell Your Home In Spring
All That Twitters Is Not Sold
5 Expensive Mistakes Made By Home Sellers When Selling A Home
Does An Open Mandate Delay a Home Sale?
8 Tips On Selling an Empty House
Neglecting Home Maintenance Will Damage Sale Price
The Do’s And Dont’s of Selling Your Home
4 Clear Signs It’s Time To Sell Your Home
4 Minimum Insurance Considerations For Body Corporate
Looking For A Rental Property? Make Sure You Are Rental Ready!
Know The Lowdown On Letting Out Your Property
How Much Should You Spend On Rent A Month?
#SmartHomes: The No.1 Tenant Amenity Today Is Wi-Fi
Demand For Rental Properties Rising Due To Low Confidence Levels
What About Pet Ownership In Sectional Title Schemes?
Why Creditworthiness Is Just As Important For Tenants
Factors To Consider When Letting Out Property
New Landlords Need Experienced Agents
The Perils of Rising Consumer Debt For Landlords
First-Time Tenant? What You Need To Know
Average residential rental values on the increase
Is It Possible To Terminate A Lease Agreement Without Recourse?
New Generation Digs Now On The Rise
3 Helpful Tips For a Stress-Free Moving Day
Divorcing And Need To Sell? 3 Possible Options
5 Mistakes To Avoid When Relocating
7 Tips For Packing And Moving Quickly
Moving? Things To Think About!
Maximising Small Spaces
7 Tips To Help Your Children To Adapt To The Move
What To Do With Your Home When You Have To Relocate
Moving With Pets Can Be Tricky
Estate Agent Moving Tips
Telltale Signs You Need A New Home
Seven Signs You Need A New Nest
Über Wealthy On The Increase And On The Move
Applying For A Home Loan? Key Is A Good Credit Report
SA Property Market Remains Safe Haven Asset For Investors
What Are The Tax Implications Of Selling Your Primary Residence?
5 Unexpected Expenses When Selling Your Home
8 Greatest Concerns Keeping Property Investors Awake
Running Behind On Your Home Loan Repayments? Here’s What To Do!
5 Financial Tips To Stay Afloat As a First-Time Homeowner
First-Time Home Buyer? How To Avoid Tax And Get Up To 44% More Space
Repo Rate Cut: Encouraging News For Home Buyers
Is Investing In Property During The Recession Still A Good Idea?
4 Hot Tips For Investing In Student Accommodation
Make Your Bond Work For You
Energy-Saving Tips For Your Home This Winter
Costs To Consider When Investing In Property
Smaller Properties Yield Great Investments
5 Reasons You Should Work With a Real Estate Agent
Is Hosting Your Property On Airbnb Legal?
How To Protect Your Commercial Property Investment
Commercial property still important asset class for private buyers
Know The Risks Before Building Airbnb Castles In The Sky
Green Buildings Catching On In South Africa
Digital Disruption And The South African Commercial Real Estate Market
Can You Run A Business From A Sectional Title Home?
What’s Driving Change In The Commercial Property Sector?
5 Ways Commercial Property Space Planning Can Save You Money
Investing In Commercial Property an Attractive Option
3 Obvious Signs That It’s Time For Office Relocation
3 Things You Need To Know Before Buying Vacant Land
Price Correction In Commercial Property Market
South Africa: Evolution of Industrial Properties