13 May 2012
03 May 2012
What The Hell?
From the latest Lightstone quarterly property report:
Is the Western Cape property price inflation about to go through the floor? And why has it diverged so far from the national average?
Is the Western Cape property price inflation about to go through the floor? And why has it diverged so far from the national average?
19 February 2012
Sunday Open Thread: Pawpaw Hits The Fan At Auction Alliance
Auction kickback scandal
Auction company Auction Alliance has allegedly been colluding with banks, liquidators and attorneys in a money making racket, according to reports on Saturday.The Saturday Star reported that a 13-year old paper trail revealed that the company had paid kickbacks to attorneys, liquidators, and bank staff to ensure business went their way.
29 January 2012
22 January 2012
15 January 2012
09 January 2012
08 January 2012
01 January 2012
25 December 2011
Christmas Sunday Open Thread
I'm somewhere in the Garden Route dodging for sale signs on golf estates, but it's still time for the open thread - Christmas edition!
18 December 2011
15 December 2011
The Orangerie: Will The Bloodbath Stop?
Now Pam Golding has two more 2 bed units with an asking price of R2 395 000. And there is no transfer duty as it's direct from the developer, which means that if you bought in the Orangerie and you're trying to sell you are competing with the developer, who can probably cut prices again if required, and the buyer has to pay transfer.
Good luck!
12 December 2011
Sunday Open Thread
It's the Sunday Open Thread. This weeks topic, with the selling season in high gear are things worse, better or the same for agents and sellers?
27 November 2011
24 November 2011
The Orangerie: The Bloodbath Continues
This ad is a new listing for a 2 bed apartment in The Orangerie.
The asking price? Now down to R2 500 000.
22 November 2011
Rare Sale In Execution In Sea Point Spotted
Sea Point Reader-in-Chief PJ writes:
Spotted a rare notice of a Sale In Execution on an apartment in Sea Point in a block called Oakholm. Usually the process never gets that far because a buyer usually steps in beforehand. Not this time...
20 November 2011
17 November 2011
Well This Is A First
Just received a spam SMS from Burgundy Estates.
Guess no one is walking into the sales office anymore...
Guess no one is walking into the sales office anymore...
08 November 2011
ABSA: House Prices Growth Lagging Behind Inflation
Houses hurting as inflation outpaces property prices
House prices are not growing in line with inflation, according to Absa's latest property price indices released on Monday.
"The average real price [at constant 2008 prices] of houses in the middle-segment of the market was in September this year about 13% below its peak of mid-2007," Absa Home Loans property analyst Jacques du Toit said in a statement.
"This was the result of average nominal house price growth being below the average headline consumer price inflation rate during this period."
In nominal growth, the effects of inflation are not taken into account, while real prices factor in the effect of inflation.
03 November 2011
Your Architecture Is Sad: Sea Point
There's bad architecture... and then there's sad architecture. This 3 bed house in Sea Point sent in by reader PJ is a prime example of that. PJ writes:
Sea Point is home to a fantastic mixture of architecture. But look at this POS. It's two concrete boxes stacked on top of each other. They'll call it "modern", I call it cheap.
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