Next property peak 'about 5 years away'

Next property peak 'about 5 years away' Historical trends suggest that the South African property sector experiences a boom about every 10 years, with significant construction booms occurring every 20 years. The property cycle peaked in the early 1980s and the property market continues to feel the after math of the latest investment and construction boom of 2001 to 2007. Although the next peak in the market is at least another five years away, investors should see a steady improvement in market conditions during 2013 and 2014. In commercial property this will be reflected in a gradual lowering of vacancies and a rise in real rentals. Yet the timing and shape of the next upward cycle will be dictated by the performance of the macro economy, interest rate movements and the sector's ability to maintain a balance between demand and development activity. Over the past five years the market has experienced spurts of positive performance which mirrored periods of declinin

85 percent of properties sell below asking price

This is an interesting statistic.  On the surface, it would appear that it is a bad thing (economically speaking) that 85% of sellers fail to achieve their asking price.  However, I look at it slightly differently.  Normally a seller will say: "I want X amount but will accept nothing less than Y amount." I have recently been watching Million Dollar Listing NY ( DSTV Channel 117 in South Africa ), and although Reality TV is not Reality, I have yet to see a single seller (both developers and private sellers) achieve their asking price.  This encapsulates what I have experienced in practice. As I said, my perspective is slightly different and my question therefore is: "How were the unfortunate 15% suckered into paying full price? Gareth Shepperson 85 percent of properties sell below asking price The perceptions of estate agents about activity levels in the residential property market in the near future have shifted and deteriorated significantly, the latest FNB

Fais Ombud finds Sharemax directors liable for investor's loss

Fais Ombud finds Sharemax directors liable for investor's loss Fais Ombud Noluntu Bam has found four Sharemax directors liable for an investor’s loss. The determination is unusual because it is normally only financial advisers who are held liable for bad investment advice. However, in a lengthy determination, Bam has set out why she believes the Sharemax directors should be held accountable. The determination was signed on Tuesday. It can be downloaded in two parts here: PART ONE PART TWO The determination could pave the way for thousands of other investors to claim losses from Sharemax’s directors. For the full Moneyweb Article, go to: Gareth Shepperson

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!