Property News - 21 August 2014

FROM THE EDITOR

According to the latest reports, the government indicated that over the past ten years, the number of South Africans claiming social welfare dependency grants has almost doubled, from 7.9-million in the 2004 fiscal year to 15.8-million in the 2014 fiscal year. This, as far as the economists are concerned, is a sign that South Africa is staring down the barrel of a gun called recession. For more information, read an article titled GDP may be compromised sufficiently to tip economy into recession.

The above report seems to be influencing today's home buyers' decisions as well. With South Africa’s average household debt now close to 75% of the household income, the extra expense of maintaining a garden and having a large swimming pool in properties seem to be something a lot of South Africa's middle-class homebuyers, and owners are trying hard to avoid. See South Africa's middle class's taste in property is now changing to continue reading this article.

Joining many other foreigners who are buying property in South Africa due to a weaker Rand is the Russians. According to Lanice Steward, managing director for global property agency Knight Frank in Cape Town, Western Europeans have long dominated foreign sales in Cape Town, but “five years ago, if we saw a Russian client, that was quite something". His statement came after it was reported that a high-profile Russian businessman recently bought “The Castle,” one of the most famous real estate landmarks in Cape Town, for $2.2 million US, and he’s not alone. To continue reading this article, see a title: Rich Russians Buying Up Cape Town Real Estate.

We then take a look at Vanderbijlpark, an industrial city along the banks of the Vaal River in southern Gauteng. This town was established back in the early 1920 by Dr HJ van der Bijl, a brilliant young scientist who was called back to the country, while he was working in the United States by the then South African government to assist in planning of the industrial development in the area. To learn more about Vanderbijlpark, see the Focus On section below.

Enjoy!
The editor

SAPTG Reports

Property of the Week

Fantastic lifestyle property In Vanderbijlpark

Vanderbijlpark, Gauteng
Feels like you are in a paradise away from the busy business life, yet you are 7 minutes away from the Mall

In the News this week

GDP may be compromised sufficiently to tip economy into recession

Gross domestic product (GDP) data Statistics SA

South Africa is staring down the barrel of a gun. That gun is called recession. Ahead of the gross domestic product (GDP) data Statistics SA releases on 26 August, for the second quarter of the year, things look little different...
SA economy into recession


South Africa's middle class's taste in property is now changing

South Africa's middle class

Middle class South Africans are believed by some to be garden lovers who spend a fair amount of weekend time relaxing on patios or beside pools – right? Well, perhaps not...
South Africa's middle class taste in Properties


Big gap between A and B grade buildings

A and B grade buildings

Rental vacancies in the commercial property sector are generally found in the B grade building sector, while vacancies in A grade buildings or offices are far less – a trend that will continue, or escalate...
commercial property sector


African Kingdom of Lesotho Sells Manhattan Property to Charles Blaichman for $7.6 Million

Properties in the Kingdom of Lesotho

The tiny landlocked African nation of Lesotho which is entirely surrounded by South Africa has sold a Manhattan property to Charles Blaichman’s CB Developers, a New York real estate developer, for $7.6 million...
Buying property in Lesotho


Rich Russians Buying Up Cape Town Real Estate

A high-profile Russian businessman bought the most famous real estate landmarks in Cape Town

A high-profile Russian businessman recently bought “The Castle,” one of the most famous real estate landmarks in Cape Town, for $2.2 million US, and he’s not alone...
Rich Russians buying Property in South Africa


Innovative alternative building system for low cost homes

Low cost homes in South Africa
Every year at the building industry’s exhibitions held in two or three of the big cities of South Africa, half a dozen or more alternative building systems will be on display and the vast majority of these are usually suited to low cost, affordable housing...
Innovative alternative building system for low cost homes in South Africa

What Consumers expect from Malls and Retailers

South African Consumers
Cleanliness, security and price of products rank high on the list of important factors that consumers consider when thinking about where to shop...
South African Malls and Retailers

Your past, present and future as investor

Investing in Property
In Charles Dickens’s famous story A Christmas Carol, the central character, Ebenezer Scrooge, is visited by three ghosts: those of Christmas Past, Christmas Present, and Christmas Yet to Come...
Tips to Real Estate Investors

Questions to ask before buying sectional title

Buying sectional title
Owning a unit in a sectional title scheme has become more popular because of the rising costs of living and maintaining properties, as well as the additional security this type of scheme offers...
Sectional title property for sale

Creating a home maintenance and project fund

Owning a home
There are several benefits to owning a property such as the potential of having an asset that increases in value over the long term. There are also the personal benefits of making all the decisions when it comes to what the home looks like...
Making monthly bond repayments

Property Terminology unpacked

Real estate Terminology
When buying a home, emotions play a big role, in fact probably the most important role. You can envision yourself living in the house, start placing your furniture, which room each child will get, how the study furniture will fit...
Property Terminology

The annual Real Estate Investor Conference 2014

Real Estate Investor Conference 2014 in Johannesburg, Cape Town and Durban
The annual Real Estate Investor Conference sponsored by Wealth Migrate, will be jointly hosted by Rode and REIM this year and will take place in September in Johannesburg, Cape Town and Durban...
Real Estate Investor Conference 2014



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Focus On


Vanderbijlpark, Gauteng , South Africa

Property for sale in Vanderbijlpark
Welcome to Vanderbijlpark, an industrial city along the banks of the Vaal River in southern Gauteng. Found back in the early 1920 by Dr HJ van der Bijl, a brilliant young scientist who was called back to the country, while he was working in the United States...
Vanderbijlpark, an industrial city along the banks of the Vaal River in southern Gauteng
View properties in Vanderbijlpark

In The Area

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

  • Northern Cape
  • Pretoria
  • Roodepoort

Future looks bright for Northern Cape

Property in Northern Cape
Occupying the largest land mass of any province in South Africa, the sparsely populated Northern Cape is receiving increasing attention, with major new development projects offering the promise of economic stimulus...
Northern Cape Real Estate Market

Only a few Industrial stands left at N4 Gateway

N4 Pretoria Gateway
There are only a handful of stands left in N4 Gateway, one of the last areas where owner occupiers or investors can buy industrial land in Pretoria...
industrial land in Pretoria

An Estate Agency adds new Roodepoort franchise

Roodepoort Real Estate
Roodepoort is the latest addition to the RealNet agency group's growing list of franchises across the West Rand. The franchise rights have been awarded to experienced local agent...
Real Estate Industry in Roodepoort


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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