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| Property Market Must Get Greener |
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According to property economist and university lecturer Francois Viruly, South Africa's architects, developers, construction companies and curricula are not handling green issues
"The real estate industry curricula tell their students to close the tap at best," he says. "The finance courses don't go into the financial implications of good practice. So the question that has to be addressed is how do we bring 'green' issues into our curricula and general consciousness."
This news does not bode well in view of what Huston Eubank, a registered architect specialising in the sustainable design of buildings, communities and businesses, and who served as executive director of the World Green Building Council from 2005 to 2007, has to say on the green movement, and in particular green buildings. His focus is on buildings because they contribute to approximately 20% of global carbon dioxide emissions.
| World Green Building Council, 03-05-2008 |
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| Cape Rental Property Booms as Rates Bite |
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The Cape Town inner city is becoming a trendy home address for professionals who work in the CBD
Inner city apartment rentals in the Cape Town CBD are in demand. This is the consensus of Seeff agent specialists of the Atlantic Seaboard, CBD and City Bowl area seeing a shortage of rental stock and abundant tenant interest.
“The continuing interest rate increases and the new credit act make it difficult for new buyers to obtain and sustain a home loan. Rental increases are higher than a year or so ago, but it is still more affordable to rent than to buy an upmarket apartment in a new development,” says Rouxlé Marais. She is the Rentals and Home Management Services Manager for Seeff Atlantic Seaboard, CBD and City Bowl.
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| Eco Innovators Honoured in Green Awards |
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Ecological integrity and planet-saving ambitions are among the traits of individuals and companies that have been honoured in the inaugural ‘Real Simple’ Green Innovation Awards
Established by Real Simple, a women’s consumer magazine, the Awards are aimed at creating awareness of ‘green’ products for the benefit of consumers, says the magazines’ editor Kerryn Fischer.
“Our research has consistently revealed that our readers want to live ‘greener’ lives but were unsure how to do so. So we set about equipping them with the information they need to do this by instituting a monthly green section in the magazine and initiating the Green Innovation Awards whereby we celebrate those products, individuals and companies committed to green ethics and principles,” she says.
| Real Simple Green Innovation Awards, 03-04-2008 |
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| Outages May Boost Green Building |
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Sweeping power outages across major cities have affected the commercial and industrial property development sector negatively, with many pointing to infrastructure constraints and a negative impact on business confidence as boding ill for the industry in the long-term
But it’s not all doom and gloom, believes SAPOA president Marna van der Walt.
“In a market that is correcting itself, there are always opportunities and it is how we plan to go forward – to face those challenges – that will make the difference,” she says.
Van der Walt, who is also CEO of property group JHI, reckons that the power outages might just provide the push needed for SA businesses to accelerate their green initiatives and catalyze more effective energy management to SA.
After all, she says, energy management is certainly not a trend that is unique to South Africa, but a very real part of the drive towards green building world-wide.
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| Cape Town to get R250m Aviation Centre |
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The development of a R250m world-class aviation centre fronting onto Cape Town International Airport will position the city as one of the world's foremost private jet and helicopter destinations
The ExecuJet Business Centre, currently under construction, is expected to support Cape Town's and the Western Cape's efforts to become a powerful international player in the business tourism market, said David Frandsen, acting executive manager of integrated marketing services for Cape Town Routes Unlimited.
The new fixed base operation (FBO) will provide a terminal and hangars for private jet travellers and an application is being made for customs and immigration services.
Nedbank Corporate Property Finance (Cape) is backing the project for local developers Dave Mostert and Johnny Cullum.
Frandsen said that business tourism generates a return on investment of 35:1 and thus is a fiercely contested sector internationally.
| Cape Town International Airport, 28-03-2008 |
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| South Africa Bans All Use of Asbestos |
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Environmental Affairs and Tourism Minister Marthinus van Schalkwyk has announced that the use, manufacture and processing of asbestos will be prohibited in South Africa with immediate effect
The Regulations for the Prohibition of the Use, Manufacturing, Import and Export of Asbestos and Asbestos Containing Materials, which form part of the Environment Conservation Act of 1989, will be promulgated on 28 March and will take effect immediately, Van Schalkwyk said at a media briefing on Thursday.
"A grace period of 120 days will be allowed for any person or merchant who is currently dealing in asbestos or asbestos containing materials to clear their stocks," he said.
The main objectives of the new regulations is to prohibit the use, processing or manufacturing, of any asbestos or asbestos-containing product unless it can be proven that no suitable alternative exists.
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| Building Activity Shows Decline, Stats SA Shows |
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The figures show that while total building plans passed increased in January, the residential sector is still under pressure and will remain so during 2008 due to high interest rates
They also show that planning for future projects was beginning to decline in general because of economic factors even before the cutback in projects being caused by the Eskom crisis is factored into the equation.
Stats SA says growth in total building plans passed increased in January by 18,6% year-on-year (y/y) to record the highest growth since March 2006 of 21% y/y following two consecutive declines in both November and December of -18,7% y/y and -13,3% y/y respectively.
The recovery in growth in total building plans passed in January was led by an increase in two categories.
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| Elgin and Grabouw are Nice Country Retreats |
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A combination of factors is now helping to make the Elgin/Grabouw area a good choice for those looking to move away from Cape Town in the search of a country retreat
The first factor is the new lease of life injected into the area by the slow but steady revival of apple farming (which for almost a decade was seen by many to be on the way out) and the development of many new wine estates not seen in this area prior to 1990.
"Grabouw's cooler upland climate and fairly dry soils lend themselves to developing attractive flavours in wine grapes and local winemakers are now regularly winning awards for their exceptional wines."
| Anne Porter Knight Frank, 20-03-2008 |
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| Call for Green Property Incentives |
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The real estate industry has joined the call for comprehensive Government incentives for energy efficient retrofits of residential properties
CEO of ERA South Africa property group Gerhard Kotzé says the first laudable steps in this direction have been taken with reports that Government is planning subsidies for solar powered geysers and the news that Eskom is planning a door-to-door giveaway campaign of energy efficient light bulbs to replace less efficient incandescent light bulbs.
“However what’s needed is a more widely embracing package with everything from hybrid geysers (a mix of electrical and solar) to stand-by batteries and generators, use of natural lighting, solar walls to provide solar heating throughout the home, roof insulation, heat recovery ventilation and other energy saving measures.
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| Residential Property Impressive by World Standards |
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South Africa property among world’s best performing Global House Price Index
South African estate agents may be feeling the pain of tougher market conditions, but from an international perspective returns from the residential asset class look “impressive” on the surface.
That’s the message contained in a report produced by Knight Frank to accompany its Knight Frank Global House Price Index for 2007.
The index, which is an average snapshot of international residential property performance, fell in the final quarter on a year-on-year basis, but for the year price inflation was just over 8%.
| Knight Frank Global House Price Index, 18-03-2008 |
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