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08 May 2014

According to Dr Andrew Golding, CE of the Pam Golding Property Group, the recent increase in property sales volumes, rising values and growing demand points out that the property market health is slowly recovering. Read an article titled Positive signals for South Africa's Residential Property Market for a full story.

Mike van Alphen, National Manager of the Rawson Property Group’s bond origination division says that the average cost of new housing constructed in the first two months of this year was R5,442 per m2, up 8.75% on the costs of the same period last year. See an article titled High construction costs emphasise the value of current second hand stock to find out how he came to that conclusion.

In an article titled In Property transactions, a signed deal is binding but not everyone accepts this, Denver Vraagom, a conveyancing attorney at Gunston Attorneys explains the importance of checking every aspect of the neighbourhood and property the a buyer is planning to purchase.

Asked if he still holds the view he propounded in 2009 when, in a widely reported statement, he said categorically that an investment in South Africa would, in his view, almost always be preferable to one in any of the First World countries, Bill Rawson, Chairman of the Rawson Property Group replied that “My views remain much the same as they were in 2009,”. For a full story, read an article titled Rawson sticks to his view that local property investment is safer than most overseas investments.

We then take a look at Paarl, a district that was initially known as Drakenstein, after its church congregation but was later renamed Paarl which simply means Pearl in Dutch. Find out more interesting fact about this South African historic town in the Focus on Section.

The editor

Property of the Week

Farms, Paarl, Western Cape, South Africa
Paarl fruit farm for sale 


Positive signals for South Africa's Residential Property Market
At last there is good news for the South African residential property market following slow but promising signs of a healthy recovery in the wake of the 2008 world economic recession...

High construction costs emphasise the value of current second hand stock

Repeated statements by estate agents that South African residential property, far from heading towards a price bubble as some commentators have predicted, is in fact still undervalued...

Estate agents now performing a more crutial role in any property deal
With estate agents now, as a result of the Estate Agency Affairs Board’s campaign to raise their professional qualifications, assuming a more crucial role in any property deal, they will be expected to be more protective of their clients than ever before...

In Property transactions, a signed deal is binding but not everyone accepts this
A case in which Denver Vraagom, a conveyancing attorney at the Cape legal firm, Gunston Attorneys, has recently been involved shows yet again how in property matters signed agreements are binding...

Non-Compliant Sellers or Buyers can wreck Property deals
A recent case handled by Denver Vraagom, a conveyancer with Gunston Attorneys in Cape Town, has shown how difficult and wearying the negotiations can be in a property transaction...

Property Buyers often taken aback by "extra" costs
The public may find this difficult to believe but fairly frequently conveyancing attorneys handling the purchase and transfer of residential property find themselves having to deal with home buyers who have gone a long way down the line to completing their purchase...

Follow all necessary processes when making levy adjustments
In April 2013 Prescribed Management Rule 31 (4A) was revoked which allowed trustees to increase the contribution due by the owners of units in sectional title schemes by a maximum of 10%...

Leaking balconies in ST schemes
In many sectional title schemes where the unit has a balcony, the owner will want to maximise on the space and enclose it. This can be a huge asset but the problem with this is that enclosing a balcony often also tends to lead to rainwater leaking into units below...

Rawson sticks to his view that local property investment is safer than most overseas investments

With UK, European and US residential property now showing many signs of recovery, Bill Rawson, Chairman of the Rawson Property Group, was recently asked if he still holds the view he propounded in 2009...

Want to sell? Don't get cold feet now
Rain or shine, cold weather or hot, the home sales just keep rolling on at the moment, with show days drawing flocks of prospective buyers and many properties attracting multiple offers...

The latest gadgets for your home
How things have changed; New technology forms part of our daily lives and although confusing one initially, it just makes our lives so much easier...

PVC Ceilings products used in enhanced RDP housing project in Kimberley
The 491 unit Department of Co-operative Governance, Human Settlements and Traditional Affairs (CoGHSTA) Lerato Park development was recently completed in Kimberley...

Engel & Völkers Southern Africa Nominated Internationally
Once again the performance of Engel & Völkers Southern Africa has been acknowledged on the international sales arena of the Engel & Völkers group worldwide, by no less than three of our agents...

Cashbuild lifts revenue 6%
Cashbuild (CSB) recently announced a 6% rise in revenue in the third quarter of its 2014 financial year despite a difficult trading period in that quarter...

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Focus On

Paarl, Western Cape, South Africa
The division of Paarl was originally part of the district of Stellenbosch, and was proclaimed a separate division in 1839. Like Stellenbosch its economy was based upon the production of wine...

>> View properties in Paarl

In The Area

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

  • Lonehill
  • Bryanston
  • Cape Town
Buyers find good value in peaceful Lonehill
When it was established in the 1970s, the northern Johannesburg suburb of Lonehill quickly became known for country-style living around the famous Lonehill Kopje and nature reserve at its centre...

Bryanston's first apartment building launching soon
The Hub on Bryanston Drive will be home to Bryanston’s first residential apartment building. This northern Johannesburg suburb has always been sought after and, over the years, has retained its appeal...

Cape property market positive - tourists and foreign buyer increasing
When it comes to property prices, what South African’s perceive as fairly expensive, are seen completely differently by tourists and even quite cheap to some, particularly those from the UK and Europe...

News Continue

Spread the warmth this winter
While reports show that the level of poverty has improved in South Africa since 2006, there are still roughly 10.2 million people in this country who are living below the bread line...

South African RE/MAX Long Drive tees off this June
In a traditional game of golf, the object is to hit the least number of shots to complete an 18-hole course. However, in long drive, the objective is simply to hit the ball as far as possible...


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Tivvit Property Count 08/05/14

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Properties for Sale:  96,240
Properties to Rent: 8,611

"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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