The Property BlogA blog site dedicated to all that is happening in the property industry in South Africa.SA property sales down by 38%- September 6, 2008 There has been a 38% year-on-year (yy) decrease in the amount of national property sales transactions (across all property price brackets) completed between January and July 2008, compared to the same period 2007, statistics by REMAX of Southern Africa revealed. Properties valued under R499k sold this year are 36% less than in 2007. Overall, the amount of ...http://proplog.za.net/?p=123 FNB: Aug house price inflation down- September 6, 2008 The newly developed FNB House Price Index recorded 2,3% year-on-year (yy) price inflation in August, compared with 3,5% in July, thereby continuing its declining inflation trend, FNB said on Thursday. However, on a month-on-month basis, price deflation has already been in progress for six consecutive months since March of this year, recording -0,3% in August. In real ...http://proplog.za.net/?p=121 Buyers club together to buy homes- September 3, 2008 Due to inflation and the high costs of property an increasing number of buyers are pooling resources with friends, family or likeminded investors in order get a foothold in the market. ERA Cape Town estate agent Gavin Zinn said there had been and &8220;enormous&8221; increase in the number of people buying houses as a joint venture ...http://proplog.za.net/?p=119 Cash is king in CT northern suburbs- September 3, 2008 Up to 50% of buyers are now paying cash when purchasing properties in Cape Town&8217;s northern suburbs. Mariana Vercueil of the local RealNet office reports that the property market in the area is livelier than in months. &8220;But the most surprising element is that we are seeing droves of cash buyers.&8221; &8220;And in the current market cash ...http://proplog.za.net/?p=117 Dealing with damp- September 3, 2008 The appearance of damp is dreaded by every homeowner. Not only because of the underlying problem but also the effort involved in getting rid of it. However, with the technology of today, an increasing range of highly effective products are being developed to deal with these sorts of problems. Damp is an issue every homeowner dreads. ...http://proplog.za.net/?p=116 |