Weekly Newsletter
Friday, 02 November 2007
Property Search | Estate Agents | List your property

Edition 43 of 2007, Friday, 02 November 2007

Dear Reader

For sale - Three-storey house set on an acre of land with five bedrooms, lush English gardens and a sun room large enough to entertain dozen of guests. The master bedroom, with its walk-in closet, private veranda and hot tub is wonderful to have at you disposal. The owner - The US Government as it is moving many of its overseas workers into more modern and secure buildings. The residences of the high commissioner to South Africa in Pretoria and Cape Town are said to be on the list of buyers. Unprecedented Real Estate Disposal as U.S. Sells Unsafe Diplomatic Residences

"If they raise interest rates to curb or at least reduce rising inflation, the financial crisis could lead to a massive economic slump. But if they keep rates at the current, relatively low level, prices will continue to rise, inevitably making the poor even poorer". Sounds like news from South Africa? Well it is not. This is Germany, Rising Prices Widen Gap Between Rich and Poor

Good news, the high interest rate South Africans are currently experiencing have a negative effect on the demand on housing as the house price inflation rose 10.2% year-on-year in October from September's 7.5%. The Standard Bank barometer shows the house price growth at an average 9.8% y/y in 2006 and down markedly from the 24.6% recorded in 2005 and 31.9% in 2004. October house price growth up 10.2%

Hold onto your investment This is advice from Mike Greeff, CEO of Greeff Properties. He has joined his voice to those of others in urging struggling bondholders, particularly investors in new development buildings, to 'bite the bullet' and see out the current high interest rate period. Within 18 months, he believes, apartment rentals will have risen significantly and it is quite possible that interest rates will have dropped.

Remember the feedback we gave to our readers regarding Rudco Finance Company who offers the opportunity to switch their current home loan to a home loan with a fixed interest rate of 6%, for a period of up to 20 years? One of our readers sent in the following article Rudco has a week to pay up

If you are a South African Accommodation owner and you have wondered on how to benefit from the 2010 FIFA World cup you no longer have to. CyberProp.com received and invitation to the Gauteng 2010 Accommodation Sign Up Road Show that we are extending to our readers who might benefit from this. How to benefit from the 2010 FIFA WORLD CUP?

Gideon, here seen drinking his champers for the comment he sent in on Eskom and the power failures South Africa has been experiencing. You could also be a winner by writing to us and give us your view on what you think the latest property market trend is, news@cyberprop.com

In our CyberProp Blog we look at some hot property options in PE.

Enjoy!
The editor


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>> Real Estate News - Unprecedented Real Estate Disposal as US Sells Unsafe Diplomatic Residences

THE three-storey house for sale on Acacia Avenue in Ottawa, Canada, has plenty to recommend it. Set on an acre of land in the leafy, upmarket Rockcliffe Park district, it includes five bedrooms, lush English gardens and a sun room large enough to entertain dozens of guests. It even has a Hollywood connection, having featured in the 1990 Paul Newman and Joanne Woodward film Mr and Mrs Bridge...

>> London and UK residential property still sought after by South Africans

London property prices are still the highest of any city in the world, ahead of Hong Kong, Monaco and New York and other contenders for this “distinction” – but a small number of South Africans still own homes or offices there and some have added to their portfolio year by year. Many other non-Brits, particularly Americans and Middle East citizens from oil-rich countries are also enthusiastic London property owners...

>> Rising Prices Widen Gap Between Rich and Poor

Central banks flooded the world with cheap money for years, helping the rich get richer. Now inflation is on the horizon, threatening to make the poor even poorer.

The stock markets are harbingers of economic hardship. Each stagnation, downturn and recession goes hand-in-hand with falling stock prices, often even a market crash. The biggest crashes have names: Black Friday in 1929, or Black Monday in 1987...

>> October house price growth up 10.2%

House price inflation rose 10.2% year-on-year in October from September’s 5.7% y/y growth, the Standard Bank’s residential property gauge showed today.

House price growth according to the Standard Bank barometer was at an average 9.8% y/y in 2006, down markedly from the 24.6% recorded in 2005 and 31.9% in 2004...

>> Leverage Your Property Investments Correctly

This is according to Jane Downing, head of New Business at BoE Private Clients. She says that the dramatic increase in property prices, which has pushed up capital values of real estate investments over time, has created large surplus value in many property investments and that this can be leveraged to finance 100% of the purchase price of any new additional properties.

“Innovative finance for individual investors - either a single facility secured by a range of properties or a number of separate loans secured by one or two properties provides flexibility and ensures borrowings that are most tax effective...

>> Hold onto your investment

Mike Greeff, CEO of Greeff Properties, has joined his voice to those of others in urging struggling bondholders, particularly investors in new development buildings, to 'bite the bullet' and see out the current high interest rate period.

Within 18 months, he believes, apartment rentals will have risen significantly and it is quite possible that interest rates will have dropped...

>> Rudco has a week to pay up

Rudco Finance Company - famous for its elusive 6% home loan offering - has until the end of the month to return instalments to its clients.

Two months ago Rudco was found by the National Credit Regulator (NCR) to be in contravention of numerous sections of the National Credit Act (NCA) and also its predecessor, the Usury Act.

One of the main problems with Rudco's scheme was that it was accepting instalments for loans that had not yet been granted...

>> Focus on Coffee Bay, Eastern Cape, South Africa

Coffee Bay got its name from a cargo ship that supposedly ran ashore here in the 19th century and spilled some of its coffee bean shipment on the shore. Local stories have it that some of these bean took root and grew into coffee trees, but unfortunately they are nowhere to be seen today.

>> View Properties in the Eastern Cape

>> Property of the week

Eastern Cape, East London, Beacon Bay

Bedrooms: 3
Bathrooms: 3
Garages: 2

This upmarket Tuscon home provides an executive lifestyle with a landscape garden, patios and a deck and modern finishes throughout the property.

Search for property in your area

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>> South Africa: Government Housing Project Excludes Poorest of the Poor

Thousands of the poorest residents in Cape Town, South Africa, are facing eviction from an informal settlement to make way for a government housing project.

About 20,000 residents of the Joe Slovo informal settlement near Langa, a township about 15km from Cape Town along the N2, the main access road to and from the airport, are opposing their forced removal to Delft, about 20km northeast of the city, because they say it would reduce their standard of living further and make it difficult and more expensive to travel to the city for work...

>> Spire's Green Team - A unique concept in property asset management

An increasing number of property owners are recognising the benefits of ‘greening’ their property portfolios. This is according to Keith Craddock, Operations Director of Spire Property Group, who provide property management services to private property owners.

‘Greening’ properties results in a more sustainable environment with less energy consumption, as well as lower operating costs and healthier places to work or live in...

>> How to benefit from the 2010 FIFA WORLD CUP?

South African Accommodation Owners have the opportunity to benefit from the 2010 FIFA WORLD CUP™

INVITATION

2010 Accommodation Sign Up aims to provide a one-on-one environment where accommodation owners around the country can meet with trained representatives who will explain the benefits of:

Signing with MATCH, the only company appointed by FIFA to manage accommodation, ticketing and the IT solution for the 2010 FIFA World Cup.
Tourism Grading Council of South Africa star grading requirements.
The Tourism Enterprise Programme assistance being provided to un-graded establishments.

You are invited to the road show which is the first phase of this project. This meeting is with Tourism Stakeholders and aims to inform the tourism industry about the projects objectives and to gain endorsement.

We would like to request that you bring your databases of accommodation owners in your area to the meeting. This will allow us to invite them to the meetings around the country.

Agenda:

  • Chaired by Thembi Kunene – CEO of The Tourism Grading Council.
  • MATCH will present the benefits of this project.
  • The Tourism Enterprise Programme will present their participation in the project
  • The Wisdom Keys Group will present the plan and process of the project, the media placements and the creative.

Your attendance, insight and endorsement of the project is invaluable.

Please confirm if you are available to attend this meeting.

Date: 5 November 2007
Time: 10:30 to 12:30
Venue: Afrifocus House,
93 Protea Road, Chilsenton, Sandton

RSVP: rsvp@wkg.co.za or call Lerato on 011 463 7792

We thank you for your assistance in this regard, and look forward to reporting back next year on the number of SMMEs who will benefit from the 2010 FIFA World Cup™.

>> Avoid using further interest rate hikes to curb inflation, says Rawson

The traditional SA Reserve Bank counter to rising inflation has always been to increase interest rates, and this now seems likely to continue for the foreseeable future, says Bill Rawson, Chairman of Rawson Properties – but, he adds, raising interest rates is very definitely not the only way of handling inflation and, in the current SA situation, should be avoided...

>> From the CyberProp Blog

Some hot property options in PE

Investors are currently clamouring to purchase property in Port Elizabeth, but whether buyers can properly identify an investment property is a debatable point.

“An investment home must have capital growth and rental return potential to qualify,” says Mike Thomas, principal of Homenet Windmill, which specialises in investment property...

>> Software at its best!

We are constantly look for avenues to advertise the properties of our CyberAgent users and will continue doing just that. Our newest avenue, www.g.co.za, one of South Africa's top property search engines.

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

>> ADSL phone & Modem combination

ADSL phone & Modem combination:

ONLY R49 per month

  • Be on the Internet and telephone simultaneously
  • Save on outgoing calls
  • Speak to friends and family after 19h00 for free, during office hours for only 15c per minute. (need same unit on both sides)
  • Includes a cordless phone
  • Free delivery

All you need is an existing ADSL line and a once off registration fee of R300

Order NOW!!!

We can also assist you with your ADSL application when ordering a ADSL phone.

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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