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Edition 8 of 2007, Friday, 02 March 2007
Dear Reader
"South Africas real gross domestic product (GDP) at
market prices on a quarter-on-quarter (q/q) seasonally annualised
and adjusted (saa) basis rose by 5.6% in the fourth quarter of 2006
from a revised 4.5% (4.7%) in the third quarter of 2006, Statistics
South Africa (Stats SA) said. The main contributors to the increase
in economic activity for the fourth quarter of 2006 were the manufacturing
industry (1.4 of a percentage point), the finance, real estate
and business services industry (1.0 of a percentage point); the
wholesale and retail trade, hotels and restaurants industry (0.8
of a percentage point); the transport and communication industry
(0.5 of a percentage point)." This according to Sunday Times
What is the trend for buying property in South Africa if
you are a foreigner? The Western Cape is the most popular area due
to the scenery, but the Eastern Cape from Durban and beyond is gaining
ground due to much more favourable pricing. Cape Town has been a
long term favourite with foreign visitors as the surrounding 3,200
kilometres of coastline is picturesque, and largely turned into
golf courses. Real Estate News - Why to buy property in South
Africa?
As
Gautengs property market slows, developers are selling
lifestyles not just houses. Some starter
homes for young couples now come with everything from
high-speed Internet wiring to top-end sound equipment and plasma-
screen televisions to woo buyers Homes wired for profit
An article not to be missed this week; No place like someone
else's home. How would feel if you have bought a new property
and now have to live in a one room of someone else's flat and pay
R 2 500.00 for it?
Enjoy!
The editor

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