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Weekly Property News
Friday, 4 September, 2009 |
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FROM THE EDITOR |
According to International Living magazine South Africa and
the United Kingdom are two places not to retire primarily
because of high real estate prices. South Africa didn’t
do well in any of the categories. Wrong according to me. South
Africa offers numerous reasons why it should be first choice,
fantastic climate, rich in culture, high standard of living
and many more. The Best Place in the World to Retire,
Says International Living
It seems that the property market overall has certainly
recovered well from the lows that was experienced in 2008
and parts of 2009 and that the worst is over. I’m sure
that with us heading into Spring and nearing the end of 2009
we could see even more healthier activities. Looking at the
latest Absa House Price Indices it is clear that the year-on-year
house price deflation in the small houses, medium-sized
houses and large houses segments are for sure slowing
down. As for the FNB, "The FNB House Price
Index's year-on-year decline continued in August, but for
the second successive month we saw a diminishing price deflation
rate, with the index starting to show clearer signs that the
market is starting to stabilise" said John Loos,
property strategist at FNB.
For those of you that is not sure in which segment your property
falls;
- Small houses – (80m²-140m²),
- Medium-sized houses (141m²-220m²)
- Large houses (221m²-400m
It is not only house prices that are starting to show
signs of recovery but the approach of the banks has also improved.
In the affordable housing market Standard Bank is now
granting 100% bonds where Absa and FNB is willing to grant
bonds for those earning under R 15 000 and R 11 000. With
property price starting to stabilise and the banks
offering a more open hand to lending South Africa is looking
forward to 2010.
If you’re thinking that maybe you should wait before
you take action think twice and start doing your homework
as property still stays one of the best investments
that you can get involved in.
Enjoy!
The editor
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CyberProp
Property Count: 04/09/2009 |
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Now |
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Properties for Sale: 134,695
Properties to Rent: 10,480
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Real
Estate News International |
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Local News |
| SA
touched by World Cup glory |
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A photograph with the 2010 FIFA World
Cup™ Winners Trophy is not an everyday privilege.
But for a handful of South Africans, the chance
to stand next to the trophy that will be lifted
by the victorious team on 11 July 2010 became a
reality today... |
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| Don’t
rent from a friend without a proper lease |
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Whether you’re a landlord or a tenant, you
should always make sure your rental agreement
is in writing – and this is doubly important
if your agreement is with a friend or family member...
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| 6
signs your tenant will be troublesome |
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According to the latest market research
compiled by TPN, a registered credit bureau and
developer of the industry's first rental payment
profile of its kind in South Africa, on average
10% of tenants default on 2 months' rent, says TPN
MD Michelle Dickens... |
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Is
short-term letting OK?
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Question:
Is short-term letting of a unit (typically a week
to two weeks at a time) permissible in a sectional
title complex? |
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| City
Bowl residential property about to enter a really positive
phase |
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There are now clear indications that
residential property in the City Bowl, Higgovale,
Tamboerskloof, Oranjezicht area is about to enter
a really positive phase, with genuine growth taking
place from 2010 onwards, says Tristan MacLennan,
Manager of Greeff Properties' new City Bowl branch... |
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| Spring
garden tips |
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Spring is an active time in your
garden. As the plants and ground wake up from their
winter nap, it is time to get serious about your
gardening to make sure that your crops are ready
for the spring, summer, and fall... |
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Sectional
Title News for Everyone |
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News
From |
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Focus On |
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Search For Properties |
Search for property in your area
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In the Area |
The areas we are going to take a closer look at this week
are;
- Silver Lakes (Pretoria)
- Pretoria
- Parow
| In
the Area 1 - Silver Lakes (Pretoria) |
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Silver Lakes was the first estate in Pretoria
to combine an exclusive residential living with
an 18-hole championship golf course and then later
added a natural area stocked with small plains
game...
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| In
the Area 2 - Pretoria |
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The property market in Pretoria and
the surrounding areas is showing encouraging signs
of stabilising... |
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| In
the Area 3 - Parow |
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It may come as a surprise to those
Capetonians living in more affluent areas that what
are sometimes referred to as the disadvantaged suburbs
have a flourishing community life – and an
active property market.. |
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To the editor |
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If you look at property in the Western
Cape and the rest of the country; Western
Cape might get a little overrated the last
few years. Prices are going up immensely.
Do you think 2010 will have an even higher
impact on this?
From: Cape Town Villas
Send us your comments to news@cyberprop.com
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