Property Barometer - December House Price Index
South Africa - FNB
2017 turned out to be the 3rd consecutive year of house price growth slowdown, but ended on stronger note.
2017 saw the FNB House Price Index growing by 3.7%, a slowing on 2016, and the 3rd consecutive year of slowing annual average price growth. We had expected a slower house price growth rate in 2017, with the country’s economic growth performance having stagnated for some years.
However, monthly house price growth has been accelerating recently, pointing to a stronger start to 2018, with leading economic indicators suggesting that house price growth could receive slightly more support from the economy this year, compared to 2017.
December 2017 FNB House Price Index
Boundary wall dispute ends up in court
South Africa - IolProperty
To promote good neighbourliness, disputes between neighbours should not end up in our country's courts.
This was the advice of an acting judge at the Gauteng High Court, Pretoria, which he gave in a judgment where he had to resolve problems between neighbours over a boundary wall.
Judge E van der Schyff said these disputes should rather be adjudicated by way of mediation. He said a harmonious relationship was indispensable if neighbours were to coexist in peace.
"Mediation is not only considerably cheaper than litigation, but it promotes reconciliation and often offers a speedy resolution to the disputes," he said.
In this case, a Muckleneuk, Pretoria, homeowner took his neighbour to court over a wall between their properties.
Technology is key to improving buying and selling process in the UK
UK - Propertywire
Technology is the key to transforming the home buying and selling process in the UK as a way of providing more relevant information as early as possible, according to conveyancers.
In response to the Department for Housing, Communities and Local Government’s call for evidence in improving the buying and selling experience, the Council for Licensed Conveyancers (CLC) says it can be done without legislation.
Transformational change is within reach and does not require a major upheaval, it says in its response document and also calls for earlier disclosure of referral fees paid by conveyancers, rather than a complete ban.