Having trouble reading this email? View it in your browser

24 July 2014
FROM THE EDITOR

Yesterday, after the Government announced its radical shake-up of the land policy to limit foreign ownership, land and rural development Minister Gugile Nkwinti told the reporters that "the principle is that foreign nationals should not own land in the country but should have a long lease at a minimum of 30 years". For more of this story, read an article titled South Africa seeks to limit foreign land ownership.

It must be noted by those selling homes, and their agents, that all Americans buying property in South Africa will now have to complete further documentation, in terms of an agreement between the South African Revenue Service and the US Internal Revenue Service (IRS). Read Conditions for Americans now buying property in SA for more.

Tony Clarke, Managing Director for the Rawson Property Group maintains that, the recent repo rate hike implemented by the Monetary Policy Committee, although it was only 25 base points (0.25%), it is still a cause for concern for the South African property market. Read an article titled MPC's decision to increase interest rates likely to bring about unwanted repercussions in the future for more.

In other News, Engel & Völkers Potchefstroom started with phase 2 of their green initiative by building the first green, energy efficient house in the area at Lekwena Wildlife Estate in Potchefstroom. Phase 1 one has been completed where they have covered the location and focused on green activities for optimal use of the environment and preserving the natural surroundings. To find out more about this exciting project, read an article titled E&V Potchefstroom building first green home in Lekwena Wildlife Estate - Part 2.

Last but not least, let's not forget that, although the International Nelson Mandela Day came and went, we can still make each and every day a Mandela day.

Enjoy!
The editor


Property of the Week

Wynberg Upper, Cape Town, Western Cape
This is your opportunity to earn a handsome income with two fully equipped, separate flatlets and live in the four bedroomed main house.

News
South Africa seeks to limit foreign land ownership

South Africa plans a radical shake-up of its land policy to limit foreign ownership and could submit legislation to parliament by December, a government minister said on Wednesday...


Limiting or regulating foreign land ownership gives the wrong message
Media reports have publicized the fact that the hot political potato of foreigners owning land in South Africa is once again about to be brought before Parliament, and this time most of the ‘reforms’ – possibly all – will probably get the approval of the house...

Conditions for Americans now buying property in SA

It must be noted by those selling homes, and their agents, that all Americans buying property in South Africa will now have to complete further documentation, in terms of an agreement between the South African Revenue Service and the US Internal Revenue Service (IRS)...


Prepare for further Interest Rate increases and pay extra into your Bond

Following a fully subscribed event hosted by the Institute of Estate Agents, Western Cape, at the BOE Centre in Paarl, where one of the key speakers was Nicola Weimar, Nedbank Property Analyst, there were a few key points...


MPC's decision to increase interest rates likely to bring about unwanted repercussions in the future
Although the recent repo rate hike implemented by the Monetary Policy Committee (MPC) was only 25 base points (0.25%), which has brought the prime interest rate up to 9,25%, it is still a cause for concern for the South African property market...

Township trends in South Africa's property market
South Africa as a country has seen tremendous growth in the 20 years of democracy, which has had a profound impact on the property market...

One year later: What’s cooking in the Real Estate Investment Trusts pot?
When Real Estate Investment Trusts (Reits) regulations were finally gazetted last year, there was excitement across the country. The Capital Markets Authority (CMA) which crafted the rules described Reits as the “exploring of additional channels of raising long-term capital

Voetstoots clause still applies
As buyers today are far more informed than they were ten or fifteen years ago, and are able to access the information such as the age of the house, how long the current owner has owned it for, what they bought it for...

The benefits of paying a deposit
Of course no-deposit or 100% home loans do make it easier for young buyers and first-timers to get a start in the property market, and since the total withdrawal of such loans in the 2009 recession, they have steadily become more freely available...

Why is an Agent necessary in a Property Transaction?

There is a general perception among many that the layperson can carry out a property transaction without an agent and they will often, when either signing a lease or selling a property, go to a stationer and buy a generic or pro forma document...


Your property as an investment strategy

For the large majority of consumers, purchasing a property will be the biggest investment decision they make and one that will affect their financial wellbeing for a long time to come...


Five reasons why owning definitely beats renting

With SA’s economy looking uncertain and interest rates starting to creep up, many young people who have been getting ready to buy their own homes are starting to wonder if they should go ahead now or put their plans on hold –perhaps indefinitely...






Like us on
Follow us on

Quick Links

Tivvit extras!

Search For Properties by area

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Focus On

Pretoria, Gauteng, South Africa
Welcome to Pretoria, a culturally diverse city that is charmingly situated amongst a string of forever blooming valleys and natural fountains along the Magaliesberg hills...

>> View properties in Pretoria

In The Area

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

  • George
  • Potchefstroom
  • Pringle Bay
Retirees return to lovely George
The small city of George, at the heart of the spectacular Garden Route, has regained its popularity as a top “active retirement” destination, with upcountry buyers flocking to buy well-priced homes in its many secure estates...

E&V Potchefstroom building first green home in Lekwena Wildlife Estate - Part 2
Völkers Potchefstroom started their green initiative by building the first green, energy efficient house in the area at Lekwena Wildlife Estate in Potchefstroom...

Pringle Bay now more popular than ever before
Pringle Bay, the small coastal village on the Whale Route, south of Gordon’s Bay and 95 km from Cape Town which has just 1,300 homes, has quietly and without too many people being aware of it, become one of the Cape’s most prestigious ‘in’ coastal areas...




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

To the Editor

Share your comments with us by sending it to news@tivvit.com


Get in Touch

"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."

Unsubscribe from newsletter