Property News - 16 April 2015

FROM THE EDITOR

With temperatures dropping and the first snow of the year recorded in the Eastern Cape, it is save to say winter is definitely on it's way. Knight Frank Anne Porter shares some tips with us on how to Get your home ready for winter

Johannesburg’s Executive Mayor, Parks Tau, unveiled “load limiting” which will help to curtail household consumption and reduce the potential of load-shedding.

According to the Executive Mayor the success of this project is depended on technology and the full co-operation of the consumer therefore consumers will be educated before full implementation. Those consumers who don’t reduce their power usage will be affected by power cuts. Follow the link below for more information about "load limiting:
http://www.cyberprop.com/load_limiting.shp

Riaan van Deventer, Head of Real Estate of Engel & Völkers Southern Africa, also shares some great Energy Saving Tips with us. I am sure they will come in handy once "load limiting" has been fully implemented.

Enjoy!
The editor


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In the News this week


Good reasons to be optimistic about South African residential property in 2015

Good reasons to be optimistic about South African residential property in 2015
Figures quoted last week by Mike van Alphen, National Manager of the Rawson Property Group’s bond origination division, Rawson Finance, show that interest in buying more expensive homes, e.g. those with a value of R4 million to R10 million, has increased and the average value of the individual bonds being applied for this year is consequently likely to be 14 to 16% higher than in 2014...
Good reasons to be optimistic about South African residential property in 2015

Banks approve more bonds to better-prepared borrowers

Banks approve more bonds to better-prepared borrowers
Only 29% of the home loan applications submitted to lenders are currently being declined outright, compared to 32% a year ago and 38% at this time in 2013, which is a good indicator of the improved financial position of many SA households...
Banks approve more bonds to better-prepared borrowers

Get your home ready for winter

Get home ready for winter
The signs of autumn are now definitely here. After a hot dry summer there is a slight chill in the air and occasional rain, so this would be a good time to do a thorough check to make sure your house is ready for winter...
Get home ready for winter

Energy Saving Tips

Energy Saving Tips
If you're not using it, switch it off! That is our mantra these days across the length and breadth of South Africa. All school car-park and dinner conversations revolve around this topic, and in particular comparing when your residential zone is scheduled for load-shedding...
Energy Saving Tips

What to do with your home when you have to relocate

What to do with your home when you have to relocate
The offer of a lucrative contract in another country or a promotion to a position in another town or city is usually cause for celebration – but can present problems if you have to move in a hurry...
What to do with your home when you have to relocate

Draft Bill on home defect disclosure needs more teeth

Draft Bill on home defect disclosure needs more teeth
The proposed new legislation which requires estate agents to recommend a home inspection to all prospective buyers is a welcome step towards greater transparency in the buy/sell process...
Draft Bill on home defect disclosure needs more teeth

CPD programme underway

CPD programme underway
As of this month, all agents will have to have registered for their Continuous Professional Development points with the Estate Agency Affairs Board, where they will have to accumulate 60 points over a three year rolling period...
CPD programme underway


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Focus on Gauteng, South Africa

Focus on Gauteng, South Africa
Property Is Hot in Gauteng

So far 2015 has been a good year for the residential property market in most urban areas with the most common complaint among agents being the lack of stock to sell...
Focus on Gauteng, South Africa

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Soweto agents struggle to keep up with housing demand

Soweto agents struggle to keep up with housing demand
The Soweto residential property market is currently experiencing a boom and the only factor holding it back is a dearth of suitable stock...
Soweto agents struggle to keep up with housing demand

Hundreds of big-ticket homes sold in top Jo'burg suburbs

Hundreds of big-ticket homes sold in top Jo'burg suburbs
There are now at least five suburbs of Johannesburg where the average freehold home price is above R10m -and at least 114 homes in these areas have been sold in the past year...
Hundreds of big-ticket homes sold in top Jo'burg suburbs
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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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