I watched a program, on national television, this week encouraging
South Africans to make money during the Soccer World Cup.
The presenter was telling the public that it’s not a
bad idea to invest in a vehicle, as loads of tourist will
be looking for transport. Yes, passenger cars sales for last
month might have risen by a surprising 21.4% year-on-year,
proving that the recession is over but for me it’s not
a reason for the consumer to once again go out and spend,
as economists are projecting an interest rate hike in 2011.
What will happen if we encourage the public to purchase
property for letting out to tourist during this period?
Will it have a positive or negative on the property
industry in the long run? Send us your view point to news@cyberprop.com.
Headlines: The punters are yet to identify the form
teams for the upcoming soccer extravaganza that will be played
out on the fields of South Africa. But for those tracking
real estate, the lead up to the 2010 World Cup bodes
nothing but good news for the country's property market.
Winners take all in South Africa
Market news: We place two different viewpoints in
this week’s newsletter. That of FNB and Standard Bank;
The existing home market is a happier place these days, arguably
past its worst state of health, as demand grows off the dismal
lows of early-2009 and the acceleration in house price
inflation continues. The FNB House Price Index showed a further
increase in year-on-year inflation, from a revised 3.6 percent
in January to 5.8 percent in February. Good times rolling
again! FNB
The rate of decline in the median house price continues
to slow down. There will be no rapid turn-around for the housing
market, Standard Bank said on Tuesday in its latest residential
property report. No rapid turn-around for the
housing market - Standard Bank
The punters are yet to identify the form teams
for the upcoming soccer extravaganza that will
be played out on the fields of South Africa. But
for those tracking real estate, the lead up to
the 2010 World Cup bodes nothing but good news
for the country's property market...
How is South African property shaping up? As
always, a fascinating chat on the local market
with Chris Drummond of Benguela Cove Investments
(Pty) Ltd...
People all over the world are showing an increasing
interest in SA property, as evidenced by a huge
rise recently in the amount of international traffic
to local property websites...
Homeowners who are postponing their property
sale plans now in the hope of achieving higher
sale prices during the Soccer World Cup are not
doing themselves any favours...
One of the biggest reasons for property’s
gain in popularity as an investment over the past
few years has been the ability to leverage the
purchase by accessing mortgage finance...
The banks, says Rob Lawrence, National Manager
for Rawson Finance, have received much favourable
publicity on account of their willingness once
again to give 100% bonds – to select clients...
The majority of first-time home buyers consist
of mostly younger individuals who have limited
experience of owning or maintaining a property
of their own. As a result, many of these individuals
are not in a position to make a well informed
decision about the long-term implications involved
in purchasing a home...
More than 40 exciting commercial and industrial
properties, as well as 32 residential properties,
are set to go under Auction Alliance's gavel in
March. This follows a highly successful auction
in February this year, which was held in Durban
and totaled an impressive sum of over R90million...
The major advantage in commissioning an architect
and eventually building your own home is that
you get a completed home that ideally meets your
needs, both in terms of function and quality...
Less than a year after a 31.3% price hike, the
National Energy Regulator of South Africa (Nersa)
last week approved an additional 24.8% rise, with
further increases in the pipeline: 25.8% in 2011
and 25.9% in 2012. According to Rennie Property,
South Africa's leading specialist commercial property
management company, this will have a significant
impact on the tenants of commercial property and
as a result, the owners as well...
Owners and trustees of sectional title schemes
can be forgiven if occasionally they have a strong
yearning to stick pins into wax effigies of geyser
manufacturers, says Michael Bauer, general manager
of IHFM, specialists in the sectional title management
industry...
The high level of rainfall in many areas this
summer has brought to the fore the home maintenance
problems that can be caused by the presence of
damp...
Demand for student accommodation close to Johannesburg’s
main university campuses has soared in the past
few years. By end February, Aengus Property Management’s
560 units for leasing in the area will be fully
subscribed...
Struisbaai, in the Overberg, is situated in the
southern most region of South Africa, where the
Indian and Atlantic oceans meet. It is well known
for its 14km white beach and boat- and rock-based
angling.
Property sales in George started an upward trend
in September last year, which resulted in the
best December sales figures in many years for
the local Chas Everitt International office, and
good results since then...
Over the last 20 years, says Jamie Heathcote-Marks
of the Building Centre at Cape Town, there
have been regular enquiries for some relatively
inexpensive system for carrying infirm people
to the upper levels of homes...
Lanice Steward, MD of Anne Porter Knight Frank,
the Cape Peninsula estate agency now working from
five offices, has taken up the cudgels on behalf
of estate agents countrywide...
It’s been said before - but it has to be
said again because the practice still, it seems,
is prevalent throughout South Africa: estate agents
are still finding that some of their colleagues
are only too willing to give a too high valuation
in order to get a mandate...
One of the biggest mistakes many people make
when they move is to “take everything”.
It may be hard to do but if you will take the
time to evaluate what you really want in your
new home, it will save you a lot of aggravation
when you unpack and settle in...
