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05 June 2014
FROM THE EDITOR

Read an article titled New Market study, "South Africa Real Estate Report Q3 2014", has been published to find out why experts believe that the real estate sector in South Africa will remain stable.

In other news Gail Cawood, rental manager for Knight Frank Residential SA says there have been much discussion and confusion about the Removal of Adverse Consumer Credit Information Project, which came into effect on the 1st April this year and many thought the “slate was wiped completely clean”. For more of this article, see Credit Amnesty confusion.

Could Real Estate Sector finally become BEE compliant? That's a title of an article below by Estate Agency Affairs Board. According to EAAB chairperson, Professor Kwandiwe Kondlo, the average age of an estate agent currently is 58 thus EAAB aims to create an internship positions at each of the estimated 10,000 estate agencies operating in South Africa so to open up the sector to younger people. See the whole story below.

When planning to buy a house or any kind of property in South Africa, whether residential or commercial, wouldn't it be great to have a platform where you may familiarise yourself with your potential neighbourhood? To assist with that, CyberProp has compiled a list of Factors to note when buying property in Sandton, Krugersdorp, Cape Town or anywhere in SA. Read the article below.

Also view the Property Transfers by month for the last 12 months (2013-05-01 to 2014-04-30). Stats include SA's average, top city and suburb - SAPTG - Stats

Enjoy!
The editor


Property of the Week

Hermanus, Western Cape, South Africa
Situated in a cull de sac, the property offers sea and mountain views

News

New Market study, "South Africa Real Estate Report Q3 2014", has been published
We believe that the real estate sector in South Africa will remain stable but the market will continue to face pressure in different forms. This includes tepid growth, faltering macroeconomic conditions...

South Africa’s Land Equity Group Plans Expansion Into Ghana, Nigeria
Investors’ confidence in the economy of sub-Saharan Africa (SSA) has continued to grow with Land Equity Group, a South African equity finance and development company, planning to expand into Nigeria and Ghana in the third quarter (Q3) of 2014...


Credit Amnesty confusion
There has been much discussion and confusion about the Removal of Adverse Consumer Credit Information Project, which came into effect on the 1st April this year and many thought the “slate was wiped completely clean”...

Voetstoots clause not overridden by CPA
Most residential property sales agreements contain the voetstoots clause which states that 'the property is sold 'voetstoots', as is at the date of signature hereof, together with all fixtures and fittings...


Could Real Estate Sector finally become BEE compliant?

The 'One Learner - One Estate Agency' internship programme recently launched by the Department of Human Settlements and the EAAB (Estate Agency Affairs Board), aims to create an internship position...


Many home owners misinformed or ignorant of Capital Gains Tax workings
The ramifications and implications of South Africa’s Capital Gains Tax are these days fairly well understood by the business community and those with substantial assets, but the average home owner quite often has never really investigated...

Factors to note when buying property in Sandton, Krugersdorp, Cape Town or anywhere in SA
When planning to buy a house or any kind of property in South Africa, whether residential or commercial, wouldn't it be great to have a platform where you may familiarise yourself with your potential neighbourhood...

Realism is returning to sellers' attitudes
The more realistic attitude to home pricing that estate agents have for some time now been advising their clients to adopt is at last far more evident among sellers...

Evicting illegal occupants
People who occupy a property illegally are difficult to evict and this process will often take the landlord many months to do, causing great loss in earnings and time...

How to turn browsers into buyers

As Tivvit Solutions we pride ourselves in our industrious efforts to go an extra mile for all our clients. It is our priority to ensure that all our clients’ websites rank well on the popular Search Engines thus turning Browsing traffic into leads...


When love goes out of the door, so, all too often, does the landlord's rent
The less strict attitudes to pre-marital alliances adopted by many South Africans today are reflected in the leases that property rental agencies are now signing...

Pushing the boundaries of your career

Do you want a challenge that will push your boundaries and give you a fresh start? With so many career choices, what do you choose? One option is to consider an exciting new profession in real estate...


How the trustee system works: Trustee decisions
The Sectional Titles Act, 1986, provides that the functions and powers of the body corporate are performed and exercised by trustees. The practical necessity for having an executive committee to make the day to day decisions...

SAPTG - Stats
Property Transfers by month for the last 12 months (2013-05-01 to 2014-04-30). Stats include SA's average, top city and suburb stats...

Rental mandates explained
When renting out a property, the landlord should have signed a mandate with his agent if he has employed one, which sets out the terms of the service contract between them...








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Focus On

Hermanus, Western Cape, South Africa
Welcome to Hermanus, an official Whale Watching Capital of the World. Other than being a lively hub of all year activities in the Western Cape Province, this South African coastal city is the best land based whale watching in the world...

>> View properties in Hermanus

In The Area

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

  • Amanzimtoti
  • Brackenfell
  • Kempton Park
  • Cape Peninsula
Plenty of property action in Amanzimtoti
With more than 430 homes sold in the past 12 months, Amanzimtoti currently has one of the most active coastal property markets in SA – and is set to get even busier as Transnet proceeds with the multi-billion rand...

Burst of development for Sonkring in Brackenfell
With more than 600 homes planned for the next three years, a new Curro private school and new churches and shopping venues, Sonkring in Brackenfell has become the fastest developing node in Cape Town's northern suburbs...

A significant upswing in Knysna residential property sales
Recent media reports that the residential property market in Knysna has turned the corner and is now on a rising trajectory are, by and large, true, although in some cases exaggerated...

Cape Peninsula central Southern Suburbs experiencing a renovation boom
The unprecedented demand for homes in the Cape Peninsula’s central Southern Suburbs which, as many estate agents have recently pointed out, is fuelled by the concentration of good schools in the area...

News Continue

Freedom Property Fund heads for the JSE
Freedom Property Fund, whose asset base valued at R1,56 billion in the office, industrial and residential sectors, aims to list on the JSE in the next few weeks with a market capitalisation of about R1 billion...


 

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

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Tivvit Property Count 05/06/14

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Properties for Sale: 91,754 
Properties to Rent:  8,570 


"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."

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