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Property sellers split over national body
NetAssets.co.za - South Africa
A rift is brewing in the real estate industry in SA, with two organisations now representing the interests of estate agents.

Last month, some leading players in the industry formally announced the formation of a new body, the National Association of Real Estate Agencies (Narea), to represent agencies throughout the country.

The new organisation said that the industry had been without a meaningful platform to look after the interests of estate agents on a national level and to represent them in a democratic and effective manner.

Narea, which represents 15000 to 20000 agents around the country, wants to enable the industry to speak with one voice on matters of national importance and be truly representative of agencies.

AA Legal Services first to break market
Easier.com - UK
The AA now offers will writing, inheritance tax planning and conveyancing services, making it the UK's first major non-legal brand to enter the market.

AA Legal Services promises to help customers get the correct level of advice and assistance in the often complicated and expensive legal market.

"The AA has offered motor-related advice and assistance for nearly 100 years. Now the time is right to broaden our offering away from just car accidents and speeding tickets," says James Molloy, head of AA Legal Services.

SA house price growth of 13,3% slips to 80-month low
Rodneyhayter.com - South Africa
ABSA, South Africa's largest mortgage lender, reports a nominal year-on-year house price growth rate of 13,3% for September compared to a revised growth rate of 13,9% in August.

This, the bank notes in its October 4 ABSA House Price Index, was the lowest year-on-year growth since January 2000 when it was 11,8% and brought the average price of a house in the middle segment of the market down to about R824 700 in September.

The average nominal year-on-year growth in house prices came to 14,9% in the first nine months of 2006.

In real terms, year-on-year growth of 8% was recorded in August compared with a revised growth rate of 8,8% in July, based on the headline consumer price index. This was the lowest real year-on-year growth since February 2003 when it was 8,1%.

Suspicious lack of progress
Financial Mail - South Africa
Elias Ogle does not fit the profile of a violent land invader. For over a decade this slim, articulate and considered community leader has followed the legal route in trying to reclaim his ancestral land. But, like many others throughout SA, Ogle has reached the end of his tether and his thoughts are turning to violent insurrection.

Ogle's family was among more than 100 of the Umgungundlovu clan booted off a fertile coastal strip in 1980 to make way for a luxury gambling resort that became the Wild Coast Sun. They recall the forced removals as a time of chaos.

Everyone was given 24 hours to leave. Fishermen returned from the sea to homes demolished with their possessions inside; and farmers abandoned green fields thick with ripening bananas, carrying off what they could salvage.
Financial Mail

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