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Property News - 13 November 2014

FROM THE EDITOR

According to the latest statistics from BetterBond Home Loans, this year’s interest rate increases have done very little to slow housing demand, and have had no negative effect at all on home prices. For more of this story, read an article titled Housing market steams ahead despite rate increases.

The era of government crafting wonderful and enlightened policies that are the envy of the world but failing to implement and enforce them is over. It’s time to act two decades into our democracy. According to South African Institute of Black Property Practitioners President Thomas Matlala, while much has been achieved in the past 20 years in the property industry through the entry of black players and women more still needs to be done. Fo more, read Where are all the black property tycoons?

Purchasing a property is a large investment. In fact, for many it is the largest financial investment they will ever make. For this reason it is important that buyers take their time and give their decision the necessary consideration that it requires. While aesthetic appeal will play a role in the decision, other more crucial elements need to be considered such as the structural components of the property. For more advice, read an article titled Buying property? Look out for these common defects.

We then take a look at Durban, a capital city of Kwa-Zulu Natal province. Durban, also known as eThekwini from a Zulu word, itheku which means bay or lagoon, is the busiest bay in South Africa if not the entire Africa and it is also the second most prolific South African manufacturing hub after Johannesburg. To learn more about this interesting city take a look at the Focus On section of this Newsletter.

Enjoy!
The editor

SAPTG Reports

Property of the Week

Property for sale in Hoedspruit

Geurnsey, Hoedspruit, Limpopo
Exquisite home on dry river bed

In the News this week

Housing market steams ahead despite rate increases

Property market

This year’s interest rate increases have done very little to slow housing demand, and have had no negative effect at all on home prices, according to the latest statistics from BetterBond Home Loans...
South African housing market


Where are all the black property tycoons?

black property tycoons

The era of government crafting wonderful and enlightened policies that are the envy of the world but failing to implement and enforce them is over. It’s time to act two decades into our democracy...
black property tycoons


Luxury homes in key global cities see a slowdown in price growth

Luxury homes in key global cities

Knight Frank’s Prime Global Cities Index, which tracks the movement of luxury residential prices across 33 cities, rose by only 0.2% in the third quarter of 2014, its weakest performance in two years...
Luxury homes in key global cities


Buying property? Look out for these common defects

Buying property
Although it is the appearance of a home that buyers often fall in love with, there is sometimes more to a home than meets the eye...
Buying property

Overpricing will make you a loser - literally

Overpricing a property

Overpricing a property,ostensibly to "make the seller happy" –but actually also to help secure a sole mandate to market the property – is an all too common and unprofessional practice in the real estate industry...
Overpricing a property


Tips from one property investor to another

property investor

For many people investing in property seems to be the most obvious, safest way to grow wealth. However, many fingers have been burnt by diving in headfirst without doing enough homework. Here are a few tips about the financing of investment properties...
property investor


Keep your home safe this summer

Latest SAPS statistics

Although some types of crime have decreased, the latest SAPS statistics show that the number of home robberies/ burglaries has risen by some 70% over the past nine years. What is more, summer is the worst time of year for such crimes...
Latest SAPS statistics


Tower Property Fund uses resources to support early childhood development

Early childhood development
The Tower Property Fund, which launched on the South African JSE in July 2013, has partnered with SASDI and UCT on the Starting Chance Campaign – an early childhood development (ECD) project in Nyanga Cape Town...
Early childhood development

Africa Welcomes Five New Dollar Billionaires

The Richest People in Africa

Ventures Africa has launched its second annual ranking of Africa’s wealthiest people at richlist.ventures-africa.com. The Richest People in Africa list remains the most comprehensive compilation of the continent’s wealthiest individuals...
The Richest People in Africa


Tony Wake: The MindWalker

 Think of a blue tree

If I were to ask you NOT to think of a blue tree... what image comes to mind as I express my intent for you to NOT think of a blue tree...
Think of a blue tree




Oliver's House fundraising campaign


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Focus On


Durban , KZN , South Africa

Property for sale in Durban
Welcome to Durban, a capital city of Kwa-Zulu Natal province. Durban, also known as eThekwini from a Zulu word, itheku which means bay or lagoon, is the busiest bay in South Africa if not the entire Africa and it is also the second most prolific South African manufacturing hub after Johannesburg...
Property for sale in Durban

View properties in Durban

In The Area

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

  • Brooklyn, Cape Town
  • Durban

Transformation of former retail space to launch Northgate Park

Brooklyn, Cape Town
New life is being breathed into Northgate Island in Brooklyn, Cape Town – a former ‘big box’ retail development which is being redeveloped and upgraded into high profile, vibrant A-grade office space with its own green urban park, and rebranded as Northgate Park....
Brooklyn, Cape Town

Stock shortage fuels rentals on Durban Bluff

Durban real estate

Strong demand for rental flats on the Bluff in Durban has created excellent opportunities for buy-to-let investors, who are currently earning returns of up to 8% a year...
Property market in Durban

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

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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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