Weekly Property News
3 August 2012
FROM THE EDITOR

Dear Readers,

The year-on-year growth rate for house prices has started to decline, possibly due to the country's slowing economy, FNB said on Wednesday.

Knowing that there’s not enough power to go around, South Africans have become used to electricity blackouts in the winter months, and many have bought portable generators to take up the slack and at least keep the lights and fridge on.

But generators can be dangerous unless they’re used carefully, the biggest risk for yourself and your family being carbon monoxide poisoning unless the generator is properly positioned, read more in Be safety conscious around generators

South Africa has never lacked behind any country when it comes to political turmoil. This political situation has influenced everyone and almost everything in the country, so how has it and will it influence the real estate market.

Not all “faster”, not all “stronger”:Nominal house price growth in the recent past has set the tone and it came as no surprise that the average Rand value of mortgage bonds has increased correspondinglyby 18, 3% over the past 6 years.

Enjoy!
The editor

In This Issue



St Helena Bay, Western Cape, South Africa
Vacant Land - FAR BELOW MARKET VALUE PRICED TO SELL URGENTLEY!! DO ENQUIRE TODAY OR YOU WILL MISS OUT ON A FANTASTIC PLOT ON THE SANDY BEACH IN THIE UP AND COMING ESTATE!!

CyberProp Property Count: 3/08/2012

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News

South Africa’s mortgage bonds: Swifter, Higher or Stronger?

1894, Pierre de Coubertin proposed the Latin phrase Citius, Altius, Fortius, (Swifter, Higher, Stronger) to the Olympic Committee...


How politics influences the real estate market

How politics influences the real estate market.
South Africa has never lacked behind any country when it comes to political turmoil. This political situation has influenced everyone and almost everything in the country, so how has it and will it influence the real estate market..


Better leadership for real estate industry will be key to its future success

In his address to estate agents earlier today, Minister of Human Settlements, Tokyo Sexwale, had a no-nonsense approach to the future of real estate in South Africa, which showed a strong vision and desire for involvement from the players in real estate industry..


The time is right to invest in SA property of all kinds

Throughout the property boom of 2000 to 2007, people were asking him, “Have I missed the boat?” This was said recently by Jason Lee, Rawson Commercial National Manager.


Economics of Rugby

Recent events have made it necessary that I dust off my tried and tested economic recession model and warn of rising recession risk as Saturday approaches..


Some RDP houses don't exist

RDP houses listed as having been completed sometimes do not exist, Public Protector Thuli Madonsela said on Thursday.


Estate Agents Affairs Board required to reform

In his address to estate agents earlier today, Minister of Human Settlements, Tokyo Sexwale, had a no-nonsense approach to the future of real estate in South Africa, which showed a strong vision and desire for involvement from the players in real estate industry.


Older buildings lagging behind newer buildings

When it comes to rentals received, one of the trends emerging in the commercial property market is that older buildings across the board are typically lagging behind, by up to 15-20%, of those for newer developments - or for office developments with state-of-the-art access control security..


News from Chas Everitt/ Be safety conscious around generators

Knowing that there’s not enough power to go around, South Africans have become used to electricity blackouts in the winter months, and many have bought portable generators to take up the slack and at least keep the lights and fridge on.


Big brand rental franchises gaining credibility as a result of ongoing con artist activity in the rental field

Throughout South Africa there is currently a huge demand for rental accommodation and this will increase rather than diminish, says Wayne Albutt, National Manger for Rawson Rentals.


Taking over incomplete buildings can be risky

With tough economic conditions still evident throughout South Africa, a fairly large number of developers, entrepreneurs and home-builders have been forced to stop work on buildings, sometimes leaving them incomplete.


Consolidate debt

The unexpected announcement from the Monetary Policy Committee on the 19th July to cut the repo rate by 50 basis points to 5% per annum is a fantastic development for the economy and for the property market..


Are you ready for home financing part 2 - property registration.

Last month we discussed the requirements of financing a new property. We covered the required documents necessary to purchase a property and how the financing process works. This month we touch on the property registration process.


Engel & Völkers Partners with leading brands

Being one of the top real estate companies in the world, Engel & Völkers has now formed a partnership with other world class brands such as Miele, 1lifedirect, Build it Green, Colosseum Luxury Hotel, Protea Hotel Island Club, Dolphin Beach Hote..


The GBCSA Member Road show is coming to your city

The GBCSA turns five this year – and we invite you to join us for this milestone event as we celebrate the momentum gained in the green building space and thank you for your contribution..

Focus On

St Helena Bay, Western Cape, South Africa

St Helena Bay was "discovered" by the Portuguese explorer Vasco Da Gama on 7 Nov. 1497, during his pioneer voyage from Europe to India. He named the bay after Saint Helena, a devout, influential Christian and mother of Roman Emperor Constantine the Great.

>> Properties in St Helena Bay
>> Properties in Western Cape


Search For Properties

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

Search for property in your area

Enter City/Suburb:

In the Area

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

  • Cape Town
  • Fourways
In the area 1 - Cape Town

The much discussed Cape Town City Council policy of encouraging the densification of certain Cape Peninsula suburbs and residential areas, especially those close to major roads and public transport, should not be seen as retrogressive, insensitive or necessarily..


In the area 3 - Fourways

Although current market conditions have created a strong demand for rental property in the Fourways area, the amount of lease agreements have dropped by 20% when compared with the same period last year, says Dieter Harck, Broker/Owner of RE/MAX One Hundred, which operates in the Johannesburg suburb of Fourways and surrounding areas.


To the editor

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



Local news continue

Presser from Leapfrog Property Group: Your tenant's municipal bills - your problem

While many property investors are taking advantage of the opportunities found in the current market and purchasing property to build a rental portfolio, not all of them want the burden of managing the rental properties themselves...


Warning to landlords to be vigilent in vetting tenants

The financial stresses that many are experiencing now has led to a growing prevalence in rental delinquency in the areas her company serves, says Sandy Walsh, general manager for Anne Porter Knight Frank’s letting division which covers the Southern Suburbs, Hout Bay and the Atlantic Seaboard.


Propell adds to their financing product bouquet to bodies corporates

PROPELL ADDS TO THEIR FINANCING PRODUCT BOUQUET TO BODIES CORPORATES
Propell, South Africa’s leading levy funding and collections company has added an additional product offering to their existing levy financing products so as to position themselves as niche credit providers to all segments of the Bodies Corporates market.


Adjusting levies before the AGM

Many people might not be aware of that since November 2008, according to Annexure 8, Management Rule 31 (4A) of the Sectional Title Act, the trustees of bodies corporate have been allowed to implement a new budget and levies from the beginning of the financial year and not wait for the AGM to be held, says Michael Bauer, general manager of the property management company IHFM. The increase,


Property guru and Rich Dad advisor Dolf de Roos is running educational property events in South Africa and Zimbabwe.

Dolf de Roos will be running a series of breakfast talks in Johannesburg, Cape Town and Durban, entitled “How to make your property fortune”.


First 2 tenants for R60 million fully fledged green building

Dolf de Roos will be running a series of breakfast talks in Johannesburg, Cape Town and Durban, entitled “How to make your property fortune”.


First provincial government building to receive a 5-Star Green Star SA rating

Nestled in Ixopo, in the KwaZulu-Natal (KZN) midlands, South Africa’s Department of Public Works enhanced its environmental credentials as it became the first provincial government building receiving a 5-Star Green Star SA office design v.1 rating.


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