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27 June 2014

With talks of the big R word all around us, in all sorts of media, Berry Everitt advises that it’s never a good idea for property buyers to stretch themselves to their financial limits to buy a property, and that is especially the case at the moment when consumers are facing ongoing and sizeable hikes in the cost of fuel, food and utilities, not to mention the possibility of further interest rate increases later this year. Read an article titled Buy strategically and protect your future for a full story.

So how, with so many factors influencing the market, can a home-owner ensure that they price their property to sell? According to Craig Hutchison of Engel & Völkers Southern Africa, a correctly priced home will always sell. “Property will forever be a good investment; though the demand may drop from time to time, house prices will increase over the long term without fail. For more of this story, read Selling your home for the highest price and in the quickest time.

According to Shaun Rademeyer, CEO of Betterbond, the information which many first-time buyers need goes well beyond what their home loan options might be. They often don’t know, for example, if they have budgeted properly for a home purchase and if they will be able to afford their home loan repayments every month. For an informative advice and tips, read Helping new homebuyers to budget.

July is the coldest month of the year, with temperatures bottoming out early in the month. And July 1 is the most biting day of the year for most South African electricity users, the day that municipalities raise their electricity tariffs for the coming year. Read an article titled Electricity Tariffs Rise, But The Ngewana Family's Costs Fall to find out how you can smartly save electricity this winter.

The editor

Property of the Week

Houghton Estate, Johannesburg, Gauteng, South Africa
This home is an exceptional architectural master-piece designed by Stephan Antoni


When does the POPI Act come into force?

It is a bit confusing! However, although the answer to the question “when is the POPI Act effective date?” is currently not fully known, the provisions of POPI do give us an indication as to how long we will have...

Reit adoption boosts investment at home and abroad
South African listed property is gaining popularity at home and abroad, thanks to its adoption of internationally recognised Real Estate Investment Trust (Reit) structure for financial regulation and tax dispensation...

Sub-Saharan Africa tops global index in CRE transparency improvement
Where transparency broadens, real estate capital flows and market change follows. This trend has finally made its way to one of the “final frontiers” of commercial real estate: Sub-Saharan Africa (SSA)...

Auction enquiries have risen drastically since the end of the elections
Since the recent elections, Rawson Auctions in the Western Cape have experienced a 30% increase in enquiries from both potential buyers and potential sellers...

Buy strategically and protect your future
If there’s one area in which the saying “go big or go home” should definitely not apply, it’s the residential property market...

Transfer of Property - Municipal Debt / Clearance Certificates
In order to effect a transfer, the Deeds Office requires that a Municipal Clearance Certificate is issued by the respective local Municipality. Many people do not understand the true meaning and intentions behind Clearance Certificates...

Selling your home for the highest price and in the quickest time

This is undeniably every seller’s goal, yet with volatile micro and macro-economic factors such as interest rate hikes and municipal developments it is not a simple task. Or is it...

Agent accreditation outlawed
Luxury home marketer, Ronald Ennik has welcomed the decision by the Estate Agency Affairs Board (EAAB) to finally outlaw the payment by estate agents of accreditation fees to Home Owners” Associations (HOAs) for permission to market homes on their gated residential estates in South Africa...

There's no reason to run from Rental Tribunals
The words “rental tribunal” are apt to strike fear into the hearts of both landlords and tenants, but there is actually nothing at all scary about the way these organisations resolve rental complaints and disputes...

Helping new homebuyers to budget
Advising first-time buyers about home financing is a serious business– and is taken seriously by the home loan consultants at BetterBond Home Loans...

Electricity saving devices even more necessary
With another increase in the price of electricity due to become effective on the 1st July, it seems more important than ever for the managing agents or trustees in sectional title schemes to consider the installation of power saving devices, within the units and in the common areas...

Electricity Tariffs Rise, But The Ngewana Family's Costs Fall

July is the coldest month of the year, with temperatures bottoming out early in the month. And July 1 is the most biting day of the year for most South African electricity users, the day that municipalities raise their electricity tariffs for the coming year...

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Centurion, Tshwane, Gauteng, South Africa
Welcome to Centurion, a rapidly growing city that is nestled at the intersection of N1 and N14 Highways between Midrand and Pretoria. Before it fell under the City of Tshwane Metropolitan municipalityCenturion was an independent municipality, with its own town council...

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In The Area

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

  • Welkom
  • Western Cape
  • Irene
Sharp increases in Welkom home prices
Recent sharp escalations in the prices of average homes in Welkom have caused buyers to stop in their tracks as they scout the market for the best value...

Lifestyle country property coming up for auction
Enquiries for small ‘lifestyle’ country properties at the Cape continue to grow, says Tanya Jovanovski, co-franchisee for Rawson Auctions in the Western Cape...

EOH expands in Route 21 Corporate Park
Listed technology company, EOH, upped their rental space at the upmarket business estate in Irene, Route 21 Corporate Estate, taking their total office space to just over 5 000 square metres...

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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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