Weekly Newsletter
Friday, 01 December 2006
Property Search | Estate Agents | List your property

Edition 48 of 2006, Friday, 01 December, 2006

Dear Reader

South Africa's Quarterly Gross Domestic Product (GDP) slowed to 4.7 percent, in the third quarter, from the second quarter's 5.5 percent growth. The finance, real estate and business services sector, the economy's biggest, grew 5,9%, somewhat slower than the previous quarter's 10,1% in a sign that interest rate hikes have started to take effect. Experts are predicting an interest rate still in this month and one at the beginning of 2007

Office buildings near Gautrain stations are the province’s newest property hot spots. And with experts saying Gauteng’s office space shortage is the worst it’s been in 10 years, prices are set to shoot even higher. Hot property stops

Paarl is one of the oldest towns in South Africa and particularly known for its mountain or "Paarl Rock". The huge granite rock is formed by three rounded outcrops that make up Paarl Mountain and is the second largest granite outcrop in the world. Paarl boasts a unique attraction in the fact that the foundations of a new language, Afrikaans, combined heritage of Africa and the European mother countries, were laid here. Focus on Paarl, Western Cape, South Africa

No matter how well executed they are, home renovations are bound to upset your daily routine, and unless you are well prepared for the disruption it can really sour your appreciation of the finished project. Read more what the Nationlink Property Group have to say about home renovations in News from Nationlink Property Group

South Africa is generally busiest during the summer months of November - March. Local summer school holidays fall during December and January and this together with the Festive Season feeling can be hectic at times. In Have Fun this week we share some travelling tips that will assist our International readers who is planning a summer holiday in South Africa.

Enjoy!
The editor


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>> Real Estate News - The grass gets greener in foreign lands

Canadian companies and pension funds have invested close to $10-billion in foreign real estate this year, a sign of their desire to move outside their own increasingly crowded backyard and evidence of growing clout in global markets.

The flow of Canadian funds into global real estate markets has outpaced foreign investment here at home by almost two-to-one, show figures compiled by real estate firm CB Richard Ellis Ltd. They are to be released at an industry conference this week...

>> Hot property stops

Buildings near Gautrain stations now worth a fortune

OFFICE buildings near Gautrain stations are the province’s newest property hot spots.

And with experts saying Gauteng’s office space shortage is the worst it’s been in 10 years, prices are set to shoot even higher...

>> Insure your bond; or lose your home

It may not be legally compulsory, but you should always take out a life insurance policy when a bond is granted for a home — and it should be large enough to cover the full outstanding sum owed on your home.

According to Lanice Steward, MD of Anne Porter Knight Frank, "We have in our business too often seen a young wife or husband with children having to move out soon after the spouse has died because sums were still owing on the home which they could not pay...

>> Landlords drawn to Newtown

NEWTOWN, the trendy entertainment and residential precinct in Johannesburg’s inner city, is beginning to attract interest from would-be office landlords.

Property commentators say that interest in this sector of the area’s redevelopment is growing. New office projects could kick off if the South African Heritage Resources Agency (Sahra) approves development proposals for Newtown’s Central Place...

>> Focus on Paarl, Western Cape, South Africa

Paarl, a mere 60 kilometers from Cape Town and less than an hour by car from the golden beaches of the Indian and Atlantic Oceans, is renowned not only for its illustrious past and unrivaled scenic beauty, but also presents holiday makers an exciting tourist destination...

>> View Properties in Western Cape
>> View Properties in Paarl

>> Property of the week

Western Cape, Paarl

Magnificent villa in secure Sante Wineland Estate surrounded by Paarl and Drakenstein mountains.

Bedrooms: 4
Bathrooms: 4

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>> News from - Nationlink Property Group

Home renovations: Coping with the chaos

No matter how well executed they are, home renovations are bound to upset your daily routine, and unless you are well prepared for the disruption it can really sour your appreciation of the finished project.

Dr Piet Botha, chairman of Nationlink estate agency group, says that whatever the reason for their renovation - to modernise the home, to increase the value of the property...

>> Have Fun - Tips travelling to South Africa

Booking in advance
South Africa is a popular tourist destination and it is advisable to make your travel arrangements as far in advance as possible to avoid disappointment. This includes accommodation, flights and car hire reservations.

Peak seasons
South Africa is generally busiest during the summer months of November - March. Local summer school holidays fall during December and January and at this time local seaside resorts are particularly busy with families and children. Other busy holiday periods are over Easter and during the local June/July school holiday period. For visitors preferring a cooler temperature, fewer tourists and less crowds in general its worth considering visiting in the off-peak months of April/May or September/October You may also be able to take advantage of seasonal discounts at these times...

>> Older homes enjoying a revival

Stand by for an increase in the popularity of stand-alone, freehold homes located in established areas where there are less likely to be disruptions due to roadworks, new housing developments or re-zonings for commercial and industrial development.

Gerhard Kotzé, CEO of the ERA South Africa property group, says: "There will always be a need for the stylish, lock-up-and-leave lifestyle offered by sectional title and cluster homes, but we are finding that freehold properties in older areas are now definitely 'on the radar' again...

>> Hunters The Marketing Agents set a new record

“Hunters Umhlanga set a new record of R250m in Sales in 2006!”

Before the year has even drawn to a close Hunters The Estate Agents, the revolutionary
Property Agency who actually pay their staff a basic salary and employ them with a
wonderful benefits package, have set an impressive sales record of R250m during 2006 -
and the year is still going...

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For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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