Weekly Newsletter
Friday, 05 October 2007
Property Search | Estate Agents | List your property

Edition 39 of 2007, Friday, 05 October 2007

Dear Reader

Investors sit up and look sharp - this weeks' newsletter is aimed at you! Read all about making investments in real estate. We look at the trends, the do's and the dont's.

Features of the newsletter :

  • Developing in Emerging Countries
  • 2010 Soccer Stadiums allready influencing investments
  • Inspect vacancy rates before investing in buy-to-let units
  • Tito's descision and the US Homeloan crisis
  • House price trending downwards
  • Buy-to-Let and the new Credit Act
  • Real Estate investment vs cash in the bank
  • Come with us to Pieter Maritzburg!

In our CyberProp Blog we have some useful tips on how to protect your electronic equipment when you move.

The editor


>> Real Estate News - ICS World Summit Tackles Pros and Cons of Development in Emerging Countries

This was the core question discussed by Mike Flax, Executive Director of Madison Property Fund Managers, when this week he joined a panel of high profile international property investors for the Thursday morning session of the 2007 International Council of Shopping Centers Summit at the CTICC.

For the first time in the ICSC's history this conference was held in Cape Town (from 4th to 6th October). Over 2 000 delegates from 40 countries attended. They were offered some 15 talks followed by discussions as well as a tour of South Africa's major shopping centers in Cape Town, Johannesburg and Durban...

>> South Africa: Prices Rise Near 2010 Stadiums

The Johannesburg Development Agency (JDA), the development arm of the City of Johannesburg, is upgrading the areas around the 2010 Soccer World Cup stadiums and says these efforts are already affecting property prices in Bertrams and Doornfontein.

JDA CEO Lael Bethlehem says the agency is working on the Ellis Park and Nasrec precincts. The Nasrec precinct surrounds the FNB Soccer City stadium...

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>> Estimate the vacancy rate before you invest

There are very few rental properties that will be occupied 100% of the time, but the vacancy rate can vary considerably – and make all the difference between a good investment and a bad one.

“So before you buy an investment property, you should look at the factors that could affect the vacancy rate in future, the first being the overall availability of rental property in the area,” says Berry Everitt, MD of the Chas Everitt International property group...

>> US home-loan crisis might halt Mboweni

Experts say SA Reserve Bank could even drop interest rates next week .

Local households may be spared another 0.5 percent interest rate increase next week, thanks to the US sub-prime crisis, First National Bank’s property strategist John Loos argues in an economic report.

Reserve Bank governor Tito Mboweni is due to make an announcement on interest rates next Thursday...

>> Downward trend in house price growth continues
Rodney Hayter

According to the latest Absa House Price Index, the average price of middle-segment housing increased by a nominal 14,2% year-on-year to R950 000 in September 2007 (14,8% in August).

In the first nine months of the year, nominal house price growth averaged 15,3% compared with the same period last year. Real year-on-year growth in house prices of 7,6% was registered in August, unchanged from July. In the first eight months of 2007, real growth in house prices averaged 8,3% year-on-year. The real growth rate is based on the headline consumer price index (CPI)...

>> Credit Act Curbs Buy-to-Let Market

The National Credit Act , which came into effect on June 1 this year, will "severely restrain" residential buy-to-let investors and developers by ensuring these players receive credit only if they can prove they can afford it, attorney John Gilchrist says.

Gilchrist, a partner in law firm Gishen Gilchrist , says the new legislation will to a certain extent "freeze" the residential property market as fewer buyers will qualify for bonds...

>> Property or cash?

Lately your money would have grown more at the bank than in residential property - shock figure.

Lately your money would have performed better for you in an interest-bearing bank account than a residential property investment.

A grim 5,7% year-on-year increase was reported by Standard Bank in its monthly residential gauge of median house prices this week - which suggests property prices are now rising at a slower pace than inflation (around 6,5%)...

>> Focus on Pietermaritzburg, KwaZulu Natal, South Africa

Pietermaritzburg, set amidst forested hills and the rolling countryside of the Natal-Midlands, is one of the best-preserved Victorian cities in the world. The city is the administrative capital of the province and is centrally situated between Durban, the Drakensberg and KwaZulu-Natal's game reserves on the main N3 highway between Johannesburg and Durban; Pietermaritzburg is approximately 80km north of Durban by road.

>> View Properties in Pietermaritzburg
>> View Properties in KwaZulu Natal

>> Property of the week

KwaZulu Natal, Pietermaritzburg

Bedrooms: 4
Bathrooms: 3
Garages: 3

High on the hill is this majestic Gentleman's Residence with views over all beneath you. Exquisite finishes and luxurious touches. Air conditioning, gas fireplace etc.

Search for property in your area

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>> From the Cyberprop Blog

10 Tips for Stashing Your Electronics

Protect your gear when you move

You've spent years collecting and connecting your electrical appliance, your TV and your VCR. And if you've recently reached into your wallet to invest in a DVD player, stereo or other expensive electronic device, packing is certainly not the time to take shortcuts. Protect your investment and follow these top 10 tips...

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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