US property slump starts to bite into economy

FOR two months now, the commentary following the retail sales report has been that apart from garage sales, which are depressed because of falling fuel prices, US consumer spending is holding up well.
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Hope for Landlords with Bad Tenants

Owners frustrated with errant tenants refusing to pay rents or disobeying in- house regulations should take solace that the Rental Housing Tribunal offers a legal recourse outside the courts.
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Herewith documents and dates for comment:

Housing Amendment Bill – COMMENT DUE 2 FEB
PIE Act Amendment Bill - COMMENT DUE 2 FEB
Rental Housing Amendment Bill - COMMENT DUE 2 FEB
Integrated Coastal Management Bill - COMMENT DUE 15 MARCH

There are also a couple of additional documents, which may be of interest:

Home Loan and Mortgage Disclosure Act - (deadline for comment passed 29 December)
Housing Consumers Protection Measures Amendment Bill - (deadline for comment passed 26 September)

Call Calvin Govender for more info.

Drop in house prices would not derail economic growth — OECD

The global economy will weather a decline in house prices, which may have reached “unsustainable highs” in countries including the US and Spain, says the Organisation for Economic Co-operation and Development (OECD).
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Standard Bank says property prices are virtually stagnating

The South African housing market continues to slow, even though the strong downward trend is, from time to time, masked somewhat by volatility in the monthly data, according to Standard Bank’s latest Residential Property Gauge.

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HEY SOUTH AFRICA

The KwaZulu-Natal residential property market remains strong with the region still enjoying solid demand in spite of the first interest rate increase some six months ago followed by two more since, according to Andrew Golding, CE of Pam Golding Property.

If u'd like to know more, please email calvin@heysa.co.za

or www.heysa.co.za

Yours in property

Calvin Govender

HEY SOUTH AFRICA

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and and may you and your loved ones hav a safe and happy festive season.

Yours in property

Calvin Govender