Property News - September 2009

Welcome to our property investment newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends.

South Africa has reduced interest rates yet again with the prime interest rate now down to 10.5% from 15.5% in mid 2008. (Please read the 3^rd article in this month’s newsletter)

It would seem that property markets in general may have turned the corner with central London now recording the 5^th consecutive monthly rise in property prices.

Articles

Legal Talk - Financial Intelligence Centre Act

Estate agents are “accountable institutions” within the scope of the Financial Intelligence Centre Act, Act 38 of 2001 (FICA). This article provides a broad overview of estate agents duties in terms of FICA.

The combined effect of strikes and social unrest has attracted the attention of all, including the international news networks. Let’s analyse them separately as they are driven by very different circumstances and causes.

The South African Reserve Bank’s Monetary Policy Committee cut the key monetary policy interest rate – the repo rate – further, by 50 basis points to 7,0%. In reaction to this, Absa announced that its lending rates to the public, i.e. prime and mortgage rates, will be cut by the same magnitude ...

Alliance Group announces strategic partnership with New York real estate auction company, Bidonthecity.com, the first online trading platform for Manhattan real estate …

Prices for residential property in central London rose for the fifth consecutive month by 1% in August. This latest price rise means that prices are now 6.4% higher then they were in March (the low point in the recent market cycle).

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Past News Letters

• May 2010
• April 2010
• March 2010
• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006