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Property News - 06 August 2015

FROM THE EDITOR

It's a sellers' market. According to Berry Everitt, MD of the Chas Everitt International property group, an excess of demand over supply at the moment in the SA property market means the power is in the hands of sellers and makes it easier for them to negotiate higher prices for their properties. Read more in Where is the Power in your market?

A report released by the Institute of Race Relations (IRR) shows that the black middle class in South Africa may be facing a stunt in growth due to the current depressed economic environment. The report relied on indicators such as household spending levels, to workplace seniority, educational levels, medical insurance cover, internet usage, property ownership, banking patterns, and appliance ownership. Read more in SA's black middle class treading on fragile territory

In Freehold vs sectional title property ownership John Loos compares major property types, residential freehold and sectional title, and figures show that there is a rise in demand for sectional title property, after freehold had been performing better from 2013 to the beginning of this year. Michael Bauer, managing director of the estate agency IHPC believes that while there will always be demand for freehold property, sectional title has more pros than cons, and the only thing holding this segment back at present in some areas is lack of land to develop.

Enjoy!
The editor


Property of the Week

House for sale in Benoni, Ebotse Golf Estate
4 Bedroom House for sale in Ebotse Golf Estate

In the News this week


Where is the Power in your market?

Where is the Power in your market?
Just about everyone knows that the real estate market is cyclical – or that there is sometimes more demand for homes than the supply of properties for sale, and sometimes an oversupply because demand is low...
Where is the Power in your market?

South Africa’s Gini co-efficient a cause for concern

South Africa’s Gini co-efficient a cause for concern
One of the results of being involved in the development and marketing of housing in South Africa, says Bill Rawson, Chairman of the Rawson Property Group, is that one becomes aware that certain poverty levels are so high that people’s lives become almost intolerable and their dissatisfaction can become dangerous.
South Africa’s Gini co-efficient a cause for concern

SA's black middle class treading on fragile territory

SA's black middle class treading on fragile territory

The rise of the black middle class in South Africa may be facing a stunt in growth due to the current depressed economic environment...
SA's black middle class treading on fragile territory


Buying a house for the Generation X takes on a new meaning for Boomers

Buying a house for the Generation X takes on a new meaning for Boomers
When the Boomers met their Generation X offspring, their first thought was, ‘this kid is going to have an even better life than we did’. And for the most part, they kept their promise, but the one thing they couldn’t do was control the price of property...
Buying a house for the Generation X takes on a new meaning for Boomers

What to do about the eyesore next door

What to do about the eyesore next door
It is sad but true that no matter how great your home looks on show day, it is not likely to attract any offers to purchase if the home next door or across the road is a run-down wreck with a yard like a panel-beater’s workshop...
What to do about the eyesore next door

How to avoid the show house blues

How to avoid the show house blues
Many homeowners instinctively resist show days because they don’t like the idea of strangers being able to walk around their property, look in their cupboards and see how they live...
How to avoid the show house blues

Freehold vs sectional title property ownership

Freehold vs sectional title property ownership
A recent report from FNB property economist John Loos compares major property types, residential freehold and sectional title, and figures show that there is a rise in demand for sectional title property, after freehold had been performing better from 2013 to the beginning of this year...
Freehold vs sectional title property ownership

AGM procedural practices and misconceptions

AGM procedural practices and misconceptions
Many sectional title schemes will now be holding their AGMs and most will run with the minimum of fuss or problems but sometimes there is confusion regarding certain aspects of “business” discussed at these meetings and the procedural processes that should be followed, says Michael Bauer, general manager of the property management company IHFM...
AGM procedural practices and misconceptions

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Focus on Boksburg, Benoni and Brakpan

Focus on Boksburg, Benoni and Brakpan
Initially developed in the early 1900s to accommodate people working on the East Rand coal and gold mines, the towns of Boksburg, Benoni and Brakpan are now much more diversified centres housing a range of commercial and industrial enterprises as well as shops, schools, medical facilities, sports clubs and entertainment venues...
Focus on Boksburg, Benoni and Brakpan

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In the Area

Demand and Property Prices on the Rise in Morningside, Johannesburg

Demand and Property Prices on the Rise in Morningside, Johannesburg
Strategically positioned in the northern suburbs, Morningside is regarded by many as one of the most desirable areas to live in Johannesburg and, with entry level free-standing house prices now nudging the R4 million mark...
Demand and Property Prices on the Rise in Morningside, Johannesburg

Lack of space for expansion underpins Stellenbosch’s rising property values

Lack of space for expansion underpins Stellenbosch’s rising property values
Indicative of the high demand for residential property in the town of Stellenbosch in the Cape Winelands, each year some 500 to 600 homes are purchased, being mainly repeat sales of houses and apartments and excluding any new development stock...
Lack of space for expansion underpins Stellenbosch’s rising property values
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"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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