Having trouble reading this email? View it in your browser

03 July 2014
FROM THE EDITOR

According to Shiraaz Hassan, commercial director for Asrin Property Developers, there is a huge demand for affordable housing at present, but the problems encountered in being able to supply the necessary housing and then to be able to get the bonds needed by the buyers sometimes seems like an insurmountable task. For a full story, read an article titled Huge demand for affordable housing cannot be met unless issues addressed and dealt with.

In other news, Bill Rawson, Chairman of the Rawson Property Group has warned that any further drop in the gross domestic product growth rate or failure to reduce the high current loan deficit could lead to a further downgrading of South Africa’s economic prospects by the international rating agencies. Read Quick response to latest international agency downgrading essential to the economy - and the South African housing sector for more.

After the water and electricity price hike on 1 July 2014, we may learn a thing or two from a family that will not be spending more on water this year. They have made a wide range of changes to the way they use water both inside the home and outdoors. Some of these employ the latest technology, while others save water using nature itself. Read an article titled Water Tariffs Rising Faster Than Electricity Prices, Inflation.

We then take a closer look at Krugersdorp, an industrial hub of the Gauteng’s West Rand district which was established in 1887. In 2001, Krugersdorp Local Council was renamed Mogale City Municipality after Mogale wa Mogale, a Batswana ba Po’s chief who took over the Po Chiefdom after the death of his father in the 1820. To learn more about this historical town, see the Focus On section of this Newsletter.

Enjoy!
The editor


Property of the Week

Noordheuwel, Krugersdorp , Gauteng, South Africa
Secluded entertainers dream with 5 levels overlooking the best picturesque scenic of Johannesburg

News

Huge demand for affordable housing cannot be met unless issues addressed and dealt with
There is still a huge demand for affordable housing at present, and the demand does not seem to be letting up...

Many South African residential precincts' price growth way ahead of the national averages
Reading the many well-researched analyses of South African house price movements, it is possible to get the impression that this is an asset class without exciting potential – but that would be a mistake...

Quick response to latest international agency downgrading essential to the economy - and the South African housing sector
Any further drop in the gross domestic product growth rate or failure to reduce the high current loan deficit could lead to a further downgrading of South Africa’s economic prospects by the international rating agencies...

Dubai Property a growing magnet for Chinese investors
Chinese individual investors poured about R3,7 billion (approx. 1.3 billion UAE dirhams, US $353 million) in Dubai's real estate last year, nearly tripling that of 2012, as the Middle East's financial hub becomes a growing magnet for the well-off...

Buy-to-let is on the increase - but beware the pitfalls
Reports in the property media regarding the return of buy-to-let investors to the residential property market, although in some cases a little too bullish, are fundamentally correct...


South African industries generate R4bn less quarter on quarter

South African industries generated an estimated total turnover of R1.86-trillion in the first quarter of 2014 – R4bn less than the turnover recorded in the fourth quarter of 2013. This is according to Statistics SA figures released on Monday, 30 June...


Speculating with property is a lot easier in the residential sector

There are many people, or investors, in the property market who strive to make money by flipping a property, or buying and selling properties within a short space of time...


Trustee Rule-Making
You will quite often hear of trustees in schemes making rules, usually unpopular rules. So what is the position regarding trustee rule-making...

Water Tariffs Rising Faster Than Electricity Prices, Inflation
New municipal tariffs implemented this week around South Africa include significant increases in water tariffs, ranging from 8 to 13 percent in the major cities. This is a greater rise than seen in electricity tariffs this year...

South Africa’s dollar billionaires
New research finds that there were 581 Ultra High Net Worth Individuals (UHNWIs) in South Africa in 2013, with an average per capita wealth of US$124.7 million (R1.3 billion)...

Winter Weeds

Although we are well into winter and many of the trees and shrubs are either dormant or in a very slow growing phase; there are some plants that are even now setting down seeds and strong roots, readying themselves for a spring invasion...






Like us on
Follow us on

Quick Links

Tivvit extras!

Search For Properties by area

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Focus On

Krugersdorp, Gauteng, South Africa
Welcome to Krugersdorp, an industrial hub of the Gauteng’s West Rand district which was established in 1887. Although the town came into being after gold was discovered on M.W. Pretorius’ farm in Paardekraal, Krugersdorp was named after Paul Kruger, a former President of Zuid-Afrikaansche Republiek, currently known as South Africa...

>> View properties in Krugersdorp

In The Area

The areas we are going to take a closer look at this week are;

  • Cape Town
  • Observatory
  • Longmeadow
Cape Town voted one of the top relocation cities
Research carried out by the independent financial advisory organisation, deVere Group, indicates that 15% of its UK-based clients under the age of 35 claimed that Cape Town would be their number one choice for relocation if they were to leave the UK...

Intriguing Observatory multi use church building coming up for auction
In the last 50 years Cape Town has seen a surprisingly large number of church, synagogue and other places of worship being sold and put to use in novel ways – and it is fascinating to speculate what the future of the latest such building to come up for sale might be...

Longmeadow Site to be auctioned
Aucor Property will hold its next multiple commercial auction in Johannesburg on July the 16th at 12h00 at the Maslow Hotel in Sandton...



CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.tivvit.com or email: sales@tivvit.com

To the Editor

Share your comments with us by sending it to news@tivvit.com


Get in Touch

"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

Unsubscribe from newsletter