Weekly Newsletter
Monday, 05 December, 2005
Property Search | Estate Agents | List your property

Edition 47 of 2005, Monday, 5 December 2005

Dear reader,

"The 30 cents per litre (c/l) cut in the retail petrol price to be implemented at midnight on Tuesday raises the risk of an interest rate cut at next week's South African Reserve Bank Monetary Policy Committee (MPC) meeting in response to a slowdown in growth momentum and lower inflation" - Sunday Times. Will this happen? And what will it do to the property market in 2006? These are two questions that South Africans will be facing this coming week.

Last week Statistics South Africa released new gross domestic product (GDP) figures, revising growth for the first quarter to 4.6% from 3.5% and for the second quarter to 5.4% from 4.8%. Growth for the first nine months of this year was estimated at 5.1% compared with the same period in 2004. The South African economy is likely to exceed economists' most optimistic expectations and even Finance Minister Trevor Manuel's 4.3% forecast - and putting the government's stated 6% target well within reach.

A Christmas message from Dave "Buy in a slow market and sell in a fast one’ are words of wisdom bandied about in property circles. If you are in the market to buy a home, now is the ideal time to snap up bargains as the rest of the country go about their business of rushing around and focusing on year-end parties and Christmas shopping" The Property Game by Dave Welmans. This will be Dave's last article for 2005. We wish him a wonderful Christmas and prosperous 2006! If you are looking for that ideal gift for a family member Dave's book is just the right gift.

Focus on - This is one of the most beautiful beaches in Cape Town and is situated only 18 kilometer from the centre of the city. The tranquil little cove is perfect for those that seek complete peace and privacy, Llandudno, Western Cape, South Africa

It's here, the holidays with the joy, the friends, the family and the excitement of the preparations. Are you ready? Are you going to get ready on time? Or... Are you like everyone else postponing things for the last moment. Get ready in time for Christmas without the stress - Have Fun

Enjoy!
The editor

 

>> Real Estate News - Property investors urged to assess 2006

With the end of the year fast approaching, property investors are urged to look forward to 2006 and take into account where the market is heading.

With the end of the year fast approaching, property investors are urged to look forward to 2006 and take into account where the market is heading.

This is according to Bales Delaporte, a niche property investment company that has in excess of 30 years experience in the commercial property market...

>> The Property Game - Christmas House Shopping

Supplied by Dave Welmans www.thepropertygame.co.za

'Buy in a slow market and sell in a fast one' are words of wisdom bandied about in property circles. As we head downhill towards the end of the year and bump through the silly season of parties, holidays and family gatherings, events conspire this year to make this adage particularly apt.

If you are in the market to buy a home, now is the ideal time to snap up bargains as the rest of the country go about their business of rushing around and focusing on year-end parties and Christmas shopping...

>> Strong year for auction industry

The auction industry experienced a strong year driven by demand for commercial property in a climate of low interest rates and a stable currency.

Rael Levitt, Asset Alliance's Chief Executive, said: "The year showed particularly strong growth in the Southern African auction industry, largely off a strong commercial property market evident in most urban areas.

"Low interest rates, strong business confidence and a stable currency fuelled demand for investment real estate and the majority of the group's sales arose from this market sector."...

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Despite the significance of this investment, much of the information required to make property decisions has traditionally not been readily available for homeowners. Not any more. REEP has been created to allow you, the homeowner, access to real, objective and quantitative information about your property, and property markets in general.

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>> Ease Of Entry Into An Estate Agency Career A Warning Sign

Nedbank Property Talk - November 2005

It is no longer only senior office bearers in the Institute of Estate Agents of South Africa who are saying that becoming an estate agent is still far too easy and that the entry-level qualifications are too low.

Lanice Steward, MD of Anne Porter Properties, who has had 20 years' experience in property marketing and selling, has added her voice to those in the institute, protesting the ease of entry into an estate agency career...

>> Residential property market along the Atlantic Seaboard is increasingly becoming a       buyer’s market

THE residential property market along the Atlantic Seaboard is increasingly becoming a buyer’s market, with the sales of apartments dropping 21% in October from a year earlier.

Steven Delit of RE/MAX Living Atlantic, says this reflects a trend that emerged in February this year, with sales for every month of this year lower than the year-earlier month. Delit says only in January were sales higher than in the comparative month last year.

He says October was the worst month this year in terms of sales on the Atlantic Seaboard...

>> Focus on Llandudno, Western Cape, Sout Africa

This is one of the most beautiful beaches in Cape Town and is situated only 18 kilometres from the centre of the city. The tranquil little cove is perfect for those that seek complete peace and privacy. It is named after a British seaside town in Wales and this small exclusive seaside village has only one road in and out and no shops whatsoever. The beach is picture perfect framed by bushes, trees and giant boulders and has a good surfable wave. From the rocks you can see the remains of the tanker Romelia shipwrecked in 1977 after the tow rope snapped and the tug lost control.

A 20 minute walk from Sunset Rocks is the famous nudist beach of Sandy Bay, the mention of which often causes guffaws. There is no direct vehicle access, which helps to stop passing ogglers, and generally people respect each other’s privacy. The only ones getting a good view of this beach are those taking a scenic helicopter ride from the Waterfront.

From www.go2africa.com

Llandudno is one of the most most picturesque places you will ever surf. The water is electric blue and as clear as that of the Mediteranean. The beach is also extremely popular with Cape Town's body beautiful.

The break does tend to get a little bit crowded here, as do all smallish spots. The local presence is also felt, and it is not advisable to paddle out with an attitude.

From

View Properties in the Western Cape | View Properties in Llandudno

>> Property of the week

Western Cape, Llandudno

We are privileged to offer this exclusive mandate in prestigious Fisherman's Bend Llandudno. Watch from above as the world passes you by. Supreme 180 degree views fro this gracefully designed home with three bedrooms, three bathrooms, large office and flowing indoor and outdoor entertainment areas, rimflow pool and barbeque area. This home is designed around imposing granite boulders. So many extra surprises. One of the larger plots in the area, backing onto the nature reserve.

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>> Have fun - Are you ready for the holidays?

Its here, the holidays with the joy, the friends, the family and the excitement of the preparations. Are you ready? Are you going to get ready on time? Or... Are you like everyone else postponing things for the last moment. Get ready in time for Christmas without the stress...

>> Tycoons tussle for R25m penthouse

The battle for ownership of a R23m penthouse at Michelangelo Towers in Sandton was settled in the High Court yesterday.

Rebserve CEO Stephen Levenberg brought a High Court action claiming he had a verbal pre-emptive right on the yet to be completed penthouse which has been sold Brian Joffe, founder and chief executive of Top 40 company Bidvest...

>> News - From Val Ladgrove Real Estate

As you know this will be the last newsletter before the holiday season. Don't worry, we will still do one in December for those who will be at home. Val Ludgrove Real Estate would like to wish each of our clients a very Happy Holiday Season.For those of you that will be driving to your holiday destination please drive safely and for those who will be abroad, enjoy!!

This is an exciting new development in Plettenberg Bay and what's more is that it's AFFORDABLE! Just look at these prices

1 Bedroom, 1 Bathroom Unit R620 000.00
2 Bedroom, 2 Bathroom Unit R770 000.00
3 Bedroom, 2 Bathroom Unit R870 000.00

And it's spacious - Sizes range from 79m² (1 Bedroom unit) to 127m²
(3 Bedroom unit)
Don't miss out

By Val Ladgrove Real Estate


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