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Property News - 18 June 2015

FROM THE EDITOR

The latest data from Absa Home Loans indicates that designing and building your own home is becoming very expensive. The average price gap between existing homes and new homes was a mere 1 percent or R9 500 in 2007 – based on a housing sized of 80 to 400m2. In 2014 that gap had increased to 30.5% or R458 000. Read more in Is it becoming too expensive to build?

In Utilising the power of the sun, Craig Hutchison, CEO of Engel & Völkers Southern Africa believes that the sooner we convert to a solar powered home, the better. He says that although there is a high cost for the initial outlay, your monthly electricity bill will be reduced by at least 50% so the system eventually pays for itself.

In Focus On this week, we take a closer look at the property market in Ballito, KwaZulu Natal. According to Greg Harris, owner of the local Chas Everitt International franchise, there has been a huge population increase in Ballito, from around 12 000 residents in 2005 to more than 30 000 now and that this has put pressure on the supply of residential property as well as the local infrastructure.

Enjoy!
The editor


SAPTG Reports

Property of the Week

House for sale in Clubville, Middelburg
House for sale in Ballito
This stylish & modern house comes with all the luxuries!

In the News this week


SA investors should consider EU properties

SA investors should consider EU properties
With London and Sydney remaining top spots where South Africans buy properties, locals are missing out on investment opportunities in other fertile markets...
SA investors should consider EU properties

Residential Property Speculation Slump – but there’s still money to be made

Residential Property Speculation Slump – but there’s still money to be made
Residential property speculation may be at its lowest levels in more than a decade, with only 14% of transactions in 2014 being the resale of properties which were bought within the previous two years, but there’s still money to be made if you’re smart about where you put it...
Residential Property Speculation Slump – but there’s still money to be made

Yes, you can buy a home of your own

Yes, you can buy a home of your own

Buying a home for the first time is never easy, but it is usually quite possible for those who are determined to do so, says Richard Gray, CEO of Harcourts Real Estate....
Yes, you can buy a home of your own


Lower taxes, deposit rates give first-time buying a boost

Lower taxes, deposit rates give first-time buying a boost
First-time homebuyers are still working hard to get into the property market and as a result they currently account for more than 40% of all home loan grants, according to the latest statistics from BetterLife Home Loans, which is SA’s biggest mortgage originator...
Lower taxes, deposit rates give first-time buying a boost

Rising urban and suburban rentals should strengthen tenants' desire to become home owners

Rising urban and suburban rentals should strengthen tenants' desire to become home owners
Recent reports from residential property agents working in South Africa’s big cities, Johannesburg, Durban and Cape Town, show that rental rises have often been way ahead of the current inflation rate and often, too, as a percentage well ahead of house price rises, which are now not as spectacular as they were a year ago...
Rising urban and suburban rentals should strengthen tenants' desire to become home owners

Is it becoming too expensive to build?

Is it becoming too expensive to build?
For many South Africans it’s a dream come to true to design and build their own homes to meet their individual needs, in a style that best suits them...
Is it becoming too expensive to build?

Utilising the power of the sun

Utilising the power of the sun
For many South Africans it’s a dream come to true to design and build their own homes to meet their individual needs, in a style that best suits them...
Utilising the power of the sun

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Focus On

Focus on Ballito, KwaZulu Natal

Focus on Ballito, KwaZulu Natal
More residents, too little stock in Ballito

Once a vacation destination for the well-heeled from other provinces, Ballito is now attracting so many permanent residents that estate agents are experiencing significant shortages of homes for sale...
Focus on Ballito, KwaZulu Natal

>> View properties in Ballito


In the Area

Home sales soaring in Southern Suburbs hotspots

Home sales soaring in Southern Suburbs hotspots
Proximity to some of the country’s best schools and shopping malls, and quick access to highways and the Cape Town CBD are the major factors driving sales in Cape Town’s Southern Suburbs...
Home sales soaring in Southern Suburbs hotspots

Ongoing price rises in Hout Bay are evident and more upper bracket homes are coming onto the market

Ongoing price rises in Hout Bay are evident and more upper bracket homes are coming onto the market
Never before in the 15 years that he has been the Rawson Property Group’s franchisee for Hout Bay has he had so many upper bracket homes on his sales list, says Piet van der Merwe – and, he adds, he can foresee no tailing off in the rising demand for houses in this valley at all levels...
Ongoing price rises in Hout Bay are evident and more upper bracket homes are coming onto the market
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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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