Although the United States has temporarily bought themselves a reprieve by extending the debt ceiling on its debt payments, the current precariousness of the western world’s economies is still creating uncertainty on a scale never before seen in his 19 years in property.

In today’s housing market property leaders are frequently asked if this is not a good time to rent

Drawing attention to this, Tony Clarke, MD of Rawson Properties, said that the latest Lightstone Review reveals that since 2003 the growth in the estate market has been almost 350 percent

The Estate Agency Affairs Board has recently announced that a three month amnesty period for illegal estate agents (i.e. those operating without a Fidelity Fund Certificate) is now going into operation

The global financial recession has been countered in a variety of ways by governments but the last three years have shown that one of the most effective has been the assistance schemes to first time homebuyers

In the residential property sector most of those who have studied the new Consumer Protection Act agree with Bonani that it very definitely lacks clarity and is difficult to interpret.

There is, he says, a strong feeling in the residential property sector that the time has come for banks to take on and compete with each other in the open market in awarding bond finance

Towards the end of 2010, Bill Rawson, Chairman of Rawson Properties, said in an off-the-cuff comment that he could think of no better place for a South African with limited knowledge of world markets to invest in property right now than in South Africa itself

The real estate sector is debating whether estate agencies should be allowed to operate a trust account on behalf of clients

The problems now being experienced by Wendy Machanik Properties, which is under investigation by the Estate Agency Affairs Board for alleged misuse of trust funds, have strengthened the perception in some people’s minds that residential real estate agencies are unregulated