Weekly Property News
06 July 2012
FROM THE EDITOR

Dear Reader

According to a survey done by Pharma Dynamics 62% of South Africans admitted that they live in constant fear of FOMO, the “fear of missing out”. After three “thin” years it seems that the property market is recovering. That together with the cost price index below the 6% and the possibility of a reduction in interest rates should help those who must still make a decision on whether they should by property or not. Don’t miss out on this one!

Headlines: It claims to be the lightning capital of world, but however dubious this title may be, Johannesburg has avoided being struck by the global property crash as its offices, shops and warehouses outperformed those in every other global city outside of South Africa over the last decade. Property values head north in South Africa as Johannesburg outperforms London, New York and Eurozone crisis drives returns in new safe-havens

Market news: After three years of a recession-induced slowdown, SA’s property prices appear to be showing signs of recovery with the latest data from banks and mortgage originators pointing to a renewed confidence in the market. Although house price figures normally differ as banks use their own data and methods to calculate price changes which lead to differing conclusions about the health of the market, the latest figures point to a strengthening market. Residential property prices ‘showing signs of recovery’

“The City of Jo’burg recently sent out notices to about 83 000 people informing them that their property valuations had been increased – in some cases by more than 100 percent – and that their municipal rates would rise accordingly,” says Chas Everitt International MD Berry Everitt. “And although the deadline has been extended, the affected homeowners now only have until 29 July to lodge an objection if they believe their properties to have been incorrectly valued. Chas Everitt offers help for Jo'burg homeowners with high valuations

Knowledge Factory‟s, SA Property Transfer Guide has kept its Property Clock unchanged this month at 21 minutes to the hour. The Clock measures high-level national trends in the residential real-estate market. It retreated by five minutes in 2011 and moved forward by one minute in March 2012. July Property Clock

Enjoy!
The editor

In This Issue

Western Cape, Ceres, Koue Bokkeveld
141ha Private Nature Reserve, 75km's from Ceres, Indigenous fauna and flora, total privacy, plenty of water with dam


CyberProp Property Count: 06/07/2012

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Properties for Sale: 122,228
Properties to Rent: 11,407

News

July Property Clock

JULY 2012: Knowledge Factory‟s, SA Property Transfer Guide has kept its Property Clock unchanged this month at 21 minutes to the hour. The Clock measures high-level national trends in the residential real-estate market. It retreated by five minutes in 2011 and moved forward by one minute in March 2012...


Property values head north in South Africa as Johannesburg outperforms London, New York and Eurozone crisis drives returns in new safe-havens

It claims to be the lightning capital of world, but however dubious this title may be, Johannesburg has avoided being struck by the global property crash as its offices, shops and warehouses outperformed those in every other global city outside of South Africa over the last decade...


Five African ‘boom towns’ that should be on every investor’s radar

South Africa’s economic hub Johannesburg is often cited as a classic example of the ‘boom town’ effect. The discovery of gold in the 1880s led to a gold rush that transformed the dusty settlement into South Africa’s largest city in a matter of 10 years...


London house prices surge by as much as ten percent

London’s residential property market is one of the most dynamic in the world...


Residential property prices ‘showing signs of recovery

South Africa’s property prices appear to be showing signs of recovery with the latest data from banks and mortgage originators pointing to a renewed confidence in the market...


Loss of housing price growth momentum

The FNB House Price Index showed a further acceleration in June, in year-on-year growth terms, from a revised 8.6% rate in May to 8.9% in June. This is the highest year-on-year growth since June 2010. However month-on-month growth appears to be slowing as reflected in the accompanying graph further below...


Rental market - and rental prices - should start showing increased vigour by the fourth quarter

The commercial property sector, which was hit hard by the financial meltdown - which started with the collapse of Lehman Brothers in 2008,- is continuing to show some green shoots with some property developers believing the market might turn by the fourth quarter of this year...


Chas Everitt offers help for Jo'burg homeowners with high valuations

Johannesburg homeowners who are planning to object to a new valuation placed on their property by the city council should contact their nearest Chas Everitt International office for a free property evaluation as soon as possible...


Debate on land reform fuels uncertainty

The debates around land reform policy and the position likely to be taken by government and other bodies, continues to fuel uncertainties in the property industry. This is the view of the South African Property Owners Association (SAPOA) in response to yesterday’s release of government’s green paper on land reform...


Stresses of selling a home

“In today’s society we are all very aware of the stresses that come from our day to day living conditions, economic stress, issues of crime, etc, but the stress that is rarely acknowledged by either buyers or sellers of property, is the overall stress of the process and the transaction,” said Lanice Steward, MD of Anne Porter Knight Frank...


When correctly priced, properties can sell in three days

Anne Porter Knight Frank recently listed a beautiful, stylish and immaculately presented Victorian cottage in Chelsea Village, Wynberg, with two bedrooms, one bathroom, a study and secure parking which, within a day of being listed on the internet, had a number of responses and was sold the following day...


Ensuring renovations pay off

Renovations can add value to a property, but only if they are done in the right way, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


French to fund affordable high-rise property in Joburg

Affordable housing for lowest-income earners in Joburg's inner city has been given a huge boost with the signing of two funding agreements worth a quarter of a billion rand...


Check list of needs and preferences

Potential home buyers will often find that after looking at anything from eight to 12 properties they have become confused and unable to remember clearly what it was that appealed to them or was seen as a disadvantage in the homes they have visited, says Tony Clarke, Managing Director of the Rawson Property Group...


RealRescue service launched to help bank-shy homeowners

As detailed on Carte Blanche recently, the cost of food, fuel and services has risen so much over the past 10 years that the average salary earner would have needed an increase of 13% a year just to keep up...


What you should consider when renting out your property

According to Engel & Vӧlkers Waterkloof rentals. The renting out of one’s property could be a nightmare or a worthwhile and pleasant experience...


Cape Sectional Title experts celebrate 40 years of operation

A cape based Sectional Title Management company recently celebrated four decades of successful operation...

Focus On

Ceres, Western Cape, South Africa

Named after the Roman Goddess of Fruitfulness, Ceres village was founded in 1849 when, after the completion of Michell's Pass, the first plots of land were sold...

>> Properties in Ceres
>> Properties in the 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

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Enter City/Suburb:

In the Area

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

  • Bloemfontein
  • Clanwilliam
In the area 1 - Bloemfontein

Bloemfontein properties are looking rosy.

Bloemfontein, the Capital City of the Free State Province, is centrally situated in South Africa


In the area 2 - Clanwilliam

Rising dam level at Clanwilliam will create a new waterfront property market. The residential property market of Clanwilliam in the Cape, the small town at the northern end of the 20 km Clanwilliam Dam...


To the editor

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


Local news continue

Features and factors that make homes more sought-after

While it is true that South Africans have a wide variety of tastes in residential architectural styles, it does pay for home buyers and sellers to be aware of the current trends and the plus and the negative factors which make homes particularly acceptable – and these tend to change from one decade to another, says Sean McCauley, Executive Director of the Rawson Property Group...


'Don't let problems with bad tenants get out of hand'

At a recent training session, Chorus Letting principal David Beattie emphasised the importance of letting agents screening potential tenants...


The difference between an HOA and a Gated Community

Home Owners Associations (HOA) and Gated Communities have become common place in South Africa, yet many people are unaware that Gated Communities are NOT in-fact HOA’s and are not governed by the rules and regulations facing HOA’s...


Sectional titles expert, Graham Paddock, releases two keenly anticipated books

Graham Paddock, a specialist sectional title and home owners’ association lawyer and author of the immensely successful Sectional Title Survival Manual, has released two new books – Sectional Title Meetings Handbook and Home Owners’ Association Survival Manual...


Arbitration now favoured in sectional title disputes but court action still possible

The new legislation ensuring sectional title schemes; the body corporates of which are so often embroiled in lengthy legal proceedings with their members, can now resort to arbitration via a national ombudsman (with regional ombudsmen in all provinces) was welcomed by the property sector, says Tony Clarke...


Local business works with neighbourhood watches to create a safer valley

Residents in the Constantia Valley can sleep slightly safer at night thanks to the efforts of the newly formed Constantia Valley Watches Association (CVWA) and the support of local off-site CCTV security monitoring company, Verifier, with the implementation of Visec License Plate Recognition (LPR) and overview cameras being installed throughout these areas...


Engel & Volkers launches new Premium Partnership

Engel &Vӧlkers has always been synonymous with the marketing of upmarket real estate, excellent service delivery by experience property specialists and quality marketing tools...


The 'Godfather of Green' lined up for GBCSA Convention and Exhibition in October

Jerry Yudelson, a global green building thought leader, and a man who has been hailed as the ‘Godfather of Green’, will be sharing his knowledge and insight on sustainability at the 5th Annual Green Building Council of South Africa (GBCSA) Convention and Exhibition, taking place at the CTICC in October...


South Africa’s only Ski Resort goes up for sale!

Tiffindell the only ski resort is South Africa will shortly up for auction on July the 12th 2012. Bidders are invited to a ‘no reserve auction’ to buy the resort and all of its contents.

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