Thesis (MBA)--Stellenbosch University, 2012. / The use of leading indicators provides a valuable method to predict changes in macro-economic variables. However, the accuracy of the various models using leading indicators is a topic of constant debate. This study aimed to identify whether leading indicator models predicting residential house price changes performed as well during the recent global financial crisis (fourth quarter 2007 to second quarter 2012) as during the period directly before the crisis. Several potential drivers of the South African property market were identified with the help of previous studies on this topic. Following that, a quantitative analysis was done and single leading indicator models were built using regression analysis to evaluate the importance of each independent variable. This information was used to create a composite leading index for the South African housing market. The accuracy of these models were then compared to predict the changes in house prices during the period preceding the recent global economic crisis.It was found that the ability of these leading indicator models to predict house price changes during the recent global economic crisis decreased significantly.

published_or_final_version / Real Estate and Construction / Master / Master of Science in Real Estate and Construction

published_or_final_version / Real Estate and Construction / Master / Master of Science in Real Estate and Construction

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Architecture / Master / Master of Philosophy

This thesis deals with legal relations existing between real estate agencies and its clients. Main objective of thesis lies on analyzing of possible legal risks based on using agent services of real estate agencies. Such risks are not only described but thesis tries to find out its sources and practical impacts. Author works with large amount of particular examples of agreement which are actually used in practise.

Research Report submitted for the Master of Science in Building in the field of Property Development and Management at the School of Construction Economics and Management, University of the Witwatersrand, 2016 / On the 4th of July 2013, the South African National Treasury introduced the Taxation Laws Amendment Bill. The purpose of the amendment bill was to introduce new anti-avoidance rules into the Income Tax Act No. 58 of 1962 (the Act) in order to reduce the formation of equity instruments that are falsely masked as debt instruments. The amendment bill contains sections 8F and 8FA which have unintended consequences for the real estate industry, more specifically for the unlisted real estate sector. The application of sections 8F and 8FA of the Taxation Laws Amendment Act, has been suggested to have a negative impact on the returns of unlisted real estate funds. The legislation appears to provide tax relief to real estate investment trusts (REITs) and this is perceived as grossly biased and discriminatory against unlisted real estate funds. The Investment Property Databank (IPD) South Africa estimates the unlisted real estate market in South Africa makes up 46% of the property market. When pension funds and banks, short term and long term insurers, private investors and government are included, the unlisted real estate market is possibly larger than the listed real estate market. Despite the numerous listings of real estate investment trusts South Africa has seen over the last ten years, the listed real estate market is still in its infancy stage and accounts for a very small percentage of the property market in South Africa. This indicates the important role unlisted real estate funds play in the South African property market. The purpose of this study is to find out whether the application of the tax legislation has had any effect on the performance of South African unlisted real estate funds. This study evaluates the investment performance of the unlisted real estate funds and real estate investment trusts (REITS) through the implementation of descriptive statistics, and the event study methodology to indicate whether there is a significant relationship in the returns of unlisted real estate funds and tax legislation. The study finds that tax legislation imposed on South African unlisted real estate funds has had no significant impact on the return performance of unlisted real estate funds. The study also finds that the returns of unlisted real estate funds are very competitive with the listed real estate returns listed on the Johannesburg Stock Exchange. / MT2017

Made available in DSpace on 2015-12-03T18:34:59Z (GMT). No. of bitstreams: 1 Simone_Maria_Neto_Nogueira_Junqueira.pdf: 518488 bytes, checksum: e4ae8b0bfeeefd15653f4ba8bf7d1b35 (MD5) Previous issue date: 2008-11-28 / Housing has always been a concern of man, at first as a safe place where he could protect his offspring and himself, then, that shelter form developed through the times with the growth of the housing deficit, the low quality in the materials used in the real estate developments, the tax burden questioned by companies of the section; they signaled that the alterations in the Laws that regulate the section of the building sector would be necessary. Then, in 2004, the President, sanctioned the Law n?? 10.931/04, that disposes on the Affected Equity, proposing a certain protection for the buyer, in case of financial difficulty of the developing company. The general objective of this work is to verify the perception of those involved: probable buyers, students of Accounting Sciences Course and Law Course; to verify how much knowledge of the Law there is, of the proposed protection and how this perception interferes in the option of the purchase of a property. The specific objective is the tributary cost and the taxation methods. In the study it is observed that the great majority of probable buyers don't know the Law but they notice its protection and that it would be decisive in the purchase of a property. In the aspect of the tributary cost, it is observed that the Special Regime of Taxation (RET) is not advantageous for the developing company and few of them use it. In this context, it is noticed that if a Law is not applicable, in which the society doesn't alter the habits, it might not be used after all. / A habita????o sempre foi uma preocupa????o do homem, a princ??pio como um lugar seguro onde pudesse proteger a prole e a si mesmo, depois, essa forma de abrigo evoluiu atrav??s dos tempos com o crescimento do d??ficit habitacional, a baixa qualidade nos materiais utilizados nos empreendimentos imobili??rios, a carga tribut??ria questionada por empresas do setor; sinalizavam que as altera????es nas Leis que regulamentam o setor da constru????o civil seriam necess??rias, at?? que no ano de 2004, o Presidente da Rep??blica, sancionou a Lei n??. 10.931/04, que disp??e sobre o Patrim??nio de Afeta????o, prop??e uma certa prote????o para comprador em caso de uma dificuldade financeira da empresa incorporadora. O objetivo geral do trabalho ?? verificar a percep????o dos envolvidos: prov??veis compradores, alunos do curso de Ci??ncias Cont??beis e do Curso de Direito; se h?? conhecimento da Lei, da prote????o proposta e como esta percep????o interfere na op????o da compra de um im??vel. Como objetivo espec??fico est?? o custo tribut??rio e os m??todos de tributa????o. No estudo observa-se que os prov??veis compradores, na grande maioria n??o conhecem a Lei mas, percebem a sua prote????o e que seria decisiva na compra de um im??vel. No aspecto do custo tribut??rio, observa-se que o Regime Especial de Tributa????o (RET) n??o ?? vantajoso para a empresa incorporadora e, poucas utilizam. Dentro deste contexto, nota-se que uma Lei se n??o tiver aplicabilidade, ou seja, com a qual a sociedade n??o altera os costumes, pode cair em desuso.

published_or_final_version / Housing Management / Master / Master of Housing Management

abstract / Law / Doctoral / Doctor of Philosophy