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Property News - 24 March 2016

FROM THE EDITOR

With the long weekend just around the corner we would like to take this opportunity to wish all out readers a happy Easter and to those going away for a few days, a save journey.

In today's property market where the interest rate is in an upward cycle many people are considering fixing their interest rate. In today's Hot topics with Engel & Völkers Southern Africa, we take a closer look at the pros and cons of a fixed interest rate.

In the 4th quarter of 2015, the FNB Sectional Title House Price Index rose by 7.7% year-on-year. With this increase in sectional title popularity, says Willem le Roux, director of Propell sectional title finance management company, comes the need to ensure that those who buy and live in sectional schemes understand the need for good governance and management in order to protect one’s investment. Read more in Good governance and management in ST schemes necessary

In Focus On this week, we take a closer look at Constantia Upper where the average selling price increased by 15.87% between 2013 and 2014, and by 17.1% between 2014 and 2015.

Enjoy!
The editor

Property of the Week

House for sale in Constantia, Cape Town
4 Bedroom House for Sale in
Constantia Upper, Cape Town

SAPTG Reports

In the News this week


Further hike in interest rate not supportive of housing demand

Further hike in interest rate not supportive of housing demand
The Monetary Policy Committee’s decision to further increase the repo rate was unfortunate off the back of the January (2016) hike and given the pressing need to help stimulate growth in South Africa’s economy...
Further hike in interest rate not supportive of housing demand

Current state of property affairs - Pareto CEO Marius Muller

Current state of property affairs - Pareto CEO Marius Muller
This is a very difficult year for retailers. What we’re seeing is a symptom of the huge public debt incurred in a depressed economy...
Current state of property affairs - Pareto CEO Marius Muller

Prime vs Mainstream Property Values

Prime vs Mainstream Property Values
Global investment in some of the world’s major cities has been blamed for pushing up house prices for ordinary residents, but research by Savills (strategic partner of Pam Golding Properties) suggests this is not the case...
Prime vs Mainstream Property Values

Hot topics with Engel & Völkers Southern Africa

Hot topics with Engel & Völkers Southern Africa
In today's Hot topics with Engel & Völkers Southern Africa they answer the following burning questions:
- Should I fix my interest rate?
- How does foreign investment work (SA)
- How is property pricing determined?

Hot topics with Engel & Völkers Southern Africa

Good governance and management in ST schemes necessary

Good governance and management in ST schemes necessary
A recent report from FNB property economist John Loos has indicated that sectional title property demand is on the rise in South Africa, saying, “In the 4th quarter of 2015, the FNB Sectional Title House Price Index rose by 7.7% year-on-year, compared to the Full Title House Price Index’s 6.4%...
Good governance and management in ST schemes necessary

Voting rights at AGMs

Voting rights at AGMs
When it comes to voting time at the AGM of a sectional title scheme, the trustees must be sure that all those who are voting do in fact have the right to vote, says Michael Bauer, general manager of the property management company IHFM...
Foreign buyers are not the only ones finding great value in South African property – so are the international executives, professionals and diplomats who are renting homes while on assignment to this country.

Saving electricity in ST schemes more important now than ever before

Saving electricity in ST schemes more important now than ever before
With yet another Eskom electricity price increase having been approved by NERSA, it might be time for trustees of sectional title schemes or their managing agents to consider installing environmentally friendly systems to heat water and to save electricity in other areas...
Saving electricity in ST schemes more important now than ever before
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Focus On

Focus on Constantia Upper, Cape Town

Focus on Constantia Upper, Cape Town
Cape Town's Constantia Upper demonstrates market durability

Last year Constantia achieved the highest total sales value of all the Southern Suburbs in Cape Town, demonstrating the durability of this established and exclusive market that has at its top end the elite Constantia Upper...
Focus on Constantia Upper, Cape Town

>> View properties in Constantia Upper


In the Area

Kuilsriver a good option for first time buyers and young families

Kuilsriver a good option for first time buyers and young families
There are certain areas of Cape Town where prices have gone beyond the reach of the average young buyer who perhaps earns between R15 000 (on his own) to R30 000 (as a joint income with his partner or wife), but Kuilsriver homes are tipped by estate agent Brit Europa of IHPC as a good option if looking for a decent starter home...
Kuilsriver a good option for first time buyers and young families

Gauteng’s hot zones for property buyers

Gauteng’s hot zones for property buyers
By all accounts, the next two years are going to be challenging ones for the residential property market, thanks to rising interest rates and slow economic growth...
Gauteng’s hot zones for property buyers
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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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