RodneyHayter - South Africa
Attorneys Smith Tabata Buchanan Boyes answer queries and advise on problem issues on the home front in the most recent edition of Pam Golding Properties Intellectual Property magazine.
Q. My neighbour has considerably large bushes and an old tree stump next to our boundary wall. Both seem to be causing damage. The tree stump had already cracked the wall when we moved in five years ago. A few metres along, the wall is leaning over to my side mainly, I believe, due to excessive rainwater and/or the large bushes.
Row brews between estate agents and EAAB
Business Report - South Africa
Pretoria - The Institute of Estate Agents of SA (Ieasa) has launched a scathing attack on the Estate Agency Affairs Board (EAAB) about its inability to issue fidelity fund certificates on time, but the board's chief executive has hit back at estate agents.
Estate agents must have a certificate to practice legally.
Ieasa national president Willie Marais said many estate agents had not received their fidelity fund certificates despite making the renewal payments.
Marais said he had paid to renew his certificate last November and sent the documentation to the number provided by the board, but the EAAB then said it had not received it.
Residential "impressive by world standards"
Realestateweb - South Africa
SA property among world's best-performing - global house price index.
South African estate agents may be feeling the pain of tougher market conditions, but from an international perspective, returns from the residential asset class look "impressive" on the surface.
That's the message contained in a report produced by Knight Frank to accompany its Knight Frank Global House Price Index for 2007.
The index, which is an average snapshot of international residential property performance, fell in the final quarter on a year-on-year basis, but for the year price inflation was just over 8%.
Residential market 'in doldrums for short term'
Business Day - South Africa
The residential property market is expected to remain weak in the short term because of waning consumer spending, more expensive debt and slower real income growth.
However, increased public sector fixed investment is likely to add impetus to the performance of the economy in the medium term, with positive consequences for consumer spending and for residential property.
The short-term outlook is looking bleak, with the five-month moving average growth rate of the Standard Bank median house price having slowed to 3,25% last month, the lowest it has been since October 2000.
Web Bytes 179
Leave a comment: