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Short term bearish, medium term bullish
Standard Bank Research - South Africa
The five-month moving average growth rate of the Standard Bank median house price slowed to 3.25% in February, the lowest it has been since October 2000.This softening trend characterises the waning consumer fundamentals, especially more expensive debt, alongside slower real income growth. The Standard Bank median house price index was recorded at R570,000 for the month of February.

When compared to the same month last year there was no growth in residential property prices. If one excludes the National Credit Act (NCA)-induced outlier of R620,000 recorded in June 2007, the monthly Standard Bank median house price has been range bound between R550,000 and R599,000 since December 2006.
Standard Bank

Land grabs: 5 scary effects
RealEstateWeb - South Africa
Warning: the future of SA and your property if government land grabs go ahead as scheduled.

The right to land tenure and land ownership is inextricably linked to the right to human dignity. As early as the 5th century, property determined whether individuals were slaves or freemen. Sixteen centuries later, property still by and large determines the extent to which an individual's inherent dignity is respected and protected. This is particularly so in South Africa, with our shameful history of dispossession and institutional restrictions on black land ownership from as early as the beginning of the 20th century.

As a result of this history, the question of land reform not only has economic significance, but also raises intense political emotions. It is thus not surprising that the protection of property was arguably the most contentious issue during the negotiations which preceded the interim constitution and which informed our final Constitution.
RealEstate Web

SAPOA Convention
SAPOA - South Africa
A New Reality
SAPOA'S 40th Convention will get under way in the Cape Town International Convention Centre from Thursday 29 to 30 May 2008. We anticipate that it will be bigger, better and busier than its predecessors.

South Africa is poised on a new reality, with legislation, leadership and globalisation taking us further into "the new". We need to gear up, lead and embrace the new environment for growth, and shift our thinking to make it happen.

An exciting line-up of local property gurus, as well as a few leading international real estate experts, will discuss and debate matters where powerful leadership is vital if the South African property fraternity is to embrace the challenges that lie ahead.

Issues such as the foreign land ownership debate, delivery and capacity at government levels, safer cities and the harnessing of the property sector in the interests of economic development are just some of the subjects that will be explored and debated.

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