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Property News - 10 March 2016

FROM THE EDITOR

A recent survey commissioned this year by property investment firm, IP Global, reveals that (45%) of South Africans have no money in any investment assets and that of all the markets that took part in the survey, South Africans are the most concerned about costs and currency fluctuations due to the country’s current economic climate. Read more in Stocks, property or foreign assets: Where are South Africans looking to invest in 2016?

Ronald Ennik warns us in Overcapitalisation risk now at its highest , that homeowners planning on renovating and extending their properties today face a greater risk of overcapitalisation because of the rapid pace of change in automation technology, style and design and the declining residential property market.

With the upcoming Easter Holidays Annette Evans, general manager of the Institute of Estate Agents Western Cape, advises homeowners looking to rent out their properties, that they should consider renting their premises out through reputable agents that offer complete transparency from the beginning to omit misunderstandings. This will also ensure that they are dealing with someone who delivers a service as stipulated by the Code of Conduct. Read more in Holiday letting agents' code of conduct

Enjoy!
The editor

Property of the Week

House for sale in Sea Point, Cape Town
4 Bedroom House for Sale in Sea Point, Cape Town

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In the News this week


Stocks, property or foreign assets: Where are South Africans looking to invest in 2016?

Stocks, property or foreign assets: Where are South Africans looking to invest in 2016?
Almost half (45%) of South Africans have no money in any investment assets, according to a recent survey commissioned this year by property investment firm, IP Global...
Stocks, property or foreign assets: Where are South Africans looking to invest in 2016?

Overcapitalisation risk now at its highest

Overcapitalisation risk now at its highest
Homeowners planning on renovating and extending their properties today face a greater risk of overcapitalisation than ever before warns luxury homes marketer Ronald Ennik...
Overcapitalisation risk now at its highest

Rural retail growing in South Africa

Rural retail growing in South Africa
Spire Property Management recently secured the management contracts for several retail centres in outlying areas of Durban and Johannesburg...
Rural retail growing in South Africa

Holiday letting agents' code of conduct

Holiday letting agents' code of conduct
With Western Cape holiday letting being extremely popular, so comes the increase in homeowners and agents wanting to get on “the letting bandwagon” to benefit from the influx of visitors to this region, says general manager of the Institute of Estate Agents, Western Cape, Annette Evans...
Holiday letting agents' code of conduct

Never part with money or personal information when renting a property

Never part with money or personal information when renting a property
Searching the internet has become the norm for consumers looking for homes to rent, with classifieds websites recording huge traffic increases in this category over the past few years...
Never part with money or personal information when renting a property

Lock valuables away on show days

Lock valuables away on show days
When putting a home on the market the reality is that the sellers and agents are inviting people in to view it in order to facilitate the marketing and sales process...
Lock valuables away on show days

How To Ice Your Power Bills

How To Ice Your Power Bills
One of the best ways of keeping your monthly bills down is to cut power usage in your home – starting with geysers and stoves, of course, but also including other items which can consume a surprisingly large amount of energy, especially in hot weather...
How To Ice Your Power Bills
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Focus on Sea Point, Cape Town

Focus on Sea Point, Cape Town
Upper Sea Point – the jewel in the historic crown

Sea Point is one of Cape Town’s most eclectic and dynamic suburbs, offering myriad property options from accessible starter apartments and quaint cottages which range in price from R1.3 million to R7m, to modern penthouses and designer mansions which often fetch in excess of R10m...
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Witbank or the "place of coal" has a lot to offer

Durban North's rock solid property market instils confidence in home buyers
In real estate terms, Witbank in Mpumalanga – also known as eMalahleni or the "place of coal" – really has a lot going for it...
Durban North's rock solid property market instils confidence in home buyers

Property performance powers ahead - Atlantic Seaboard

Property performance powers ahead - Atlantic Seaboard
Stellar returns on selected Atlantic Seaboard properties in Cape Town have at times outstripped the performance of some competing local asset classes...
Property performance powers ahead - Atlantic Seaboard
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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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