Weekly Newsletter
Friday, 06 October, 2006
Property Search | Estate Agents | List your property

Edition 40 of 2006, Friday, 06 October, 2006

Dear Reader

Although the rand was stronger yesterday trading at about R7,84 to the dollar and up from R7,98 on Wednesday confidence in SA's economy is under mounting pressure. It is widely expected that the Reserve Bank will raise interest rates when its monetary policy committee meets next week.

Absa - House price growth in September was the lowest in more than six years, according to the Absa House Price Index (HPI) and the outlook continues to look bleak. Absa forecasts nominal year-on-year price growth of between 7% and 8% next year, which will be the lowest since 1999 when it was 4,6%. Lowest growth in seven-years forecast for next year

Standard Bank - According to Standard Bank's latest residential property gauge, house price data continued to reflect "softening consumer activity". Standard Bank also reported "substantially reduced enthusiasm for buy-to-let properties from investors". This meant a "relatively bleak" outlook for further expansion in the housing market. SA's house price growth 'slowest in years'

"People must just hang on, take a deep breath and not panic." This is advice from Herschel Jawitz, chief executive of Jawitz Properties

It is widely accepted in South Africa that the kitchen is the "heart of the home" so when homeowners undertake renovations they often start, or at least they should, with the kitchen by Iafrica.

Witbank is situated on the highveld of Mpumalanga, South Africa. The name Witbank is Afrikaans for White Ridge and is named after a white sandstone outcrop where wagon transport drivers rested. Witbank is in the coal mining area with 22 collieries in an area no more than 40 km in any direction. Focus on Witbank, Mpumalanga, South Africa

As we read that the kitchen is the "heart of the home" I thought it good to give you some tips on renovating the kitchen. The most important factor you must keep in mind is the design, consider your design carefully. Have fun!

Enjoy!
The editor


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>> Real Estate News – Lowest growth in seven-years forecast for next year

House price growth in September was the lowest in more than six years, according to the Absa House Price Index (HPI) and the outlook continues to look bleak.

Last month, nominal house price growth of 13,3% was recorded. This is the lowest year-on-year growth since January 2000, when it was 11,8%...

>> Delinquent tax affairs can slow property transfers

Buyers and sellers anxious for a smooth transfer of property ownership should ensure their tax affairs are in order and able to stand the full scrutiny of the Receiver of Revenue, otherwise the department could slow the process by refusing to issue transfer duty receipts.

Bruce Forrest of Meumann White Attorneys says with the recent introduction of the new transfer duty forms by the Receiver of Revenue, to facilitate the soon to be implemented electronic method of obtaining transfer duty receipts has come the necessity for both the seller and purchaser to disclose their income tax numbers and VAT reference numbers...

>> Platteland prices 'not crazy'

ALTHOUGH some people may believe that house price growth has gone “crazy” in small, rural inland towns, they have merely experienced the same property boom as the rest of the country, says First National Bank property strategist John Loos.

The major price growth in these so-called “platteland” towns was not a reflection of a change in their relative economic fortunes but rather the result of the effect of a lower interest rate environment, he said...

>> Focus on Witbank, Mpumalanga, South Africa

Mpumalanga, which means 'the place where the sun rises', is a province of extraordinary natural beauty. Typical of it's landscape are forests, mountains, rivers, waterfalls and panoramic passes offering magnificent scenic views.

Mpumalanga is well known for it's wildlife parks. In particular, the world renowned Kruger National Park, with several luxurious private nature reserves on it's western boundary, are literally teeming with wildlife and is one of South Africa's top tourist attractions...

View Properties in Mpumalanga | View Properties in Witbank

>> Property of the week

Mpumalanga, Witbank, Naaupoort

Millionairs!! - A home where comfort and luxury are teamed with style.

Bedrooms: 4
Bathrooms: 2.5
Garages: 2

Search for property in your area

Enter City/Suburb:
>> SA's house price growth 'slowest in years'

Fuelled by an "all-around onslaught" on consumers' finances, house price growth is at its lowest in years and is expected to continue its declining trend and register nominal growth of between 13 percent and 14 percent for the full year, compared with a growth rate of 22,9 percent in 2005.

According to Standard Bank's latest residential property gauge, house price data continued to reflect "softening consumer activity"...

>> The heart of the home

It is widely accepted in South Africa that the kitchen is the "heart of the home" so when homeowners undertake renovations they often start, or at least they should, with the kitchen.

When house hunting, a well-designed and visually aesthetic kitchen is often the deciding factor for sellers and can add substantially to the resale price of the home, says Dr Piet Botha, chairman of the Nationlink estate agency group...

>> News from - ERA Hout Bay Real Estate in Cape Town

ERA Hout Bay Real Estate in Cape Town is nestled in the very heart of Hout Bay. The combination of beaches, mountain ranges and ocean views make it one of the most beautiful locations in South Africa.

Established in 1983, it is a family business and has it’s feet firmly placed in the property market with an excellent understanding of the many diverse factors involved when considering buying or selling a home in South Africa. They are proud to announce the recent launch of their newly developed website...

>> Have Fun - Tips for renovating the kitchen

Consider design carefully when renovating your kitchen.

  • Use professionals kitchen including a builder, electrician and plumber.
  • Professionals need to be carefully scheduled.

Find out more about the initial considerations, common pitfalls and experts you may require when renovating a kitchen.


The kitchen is often the most expensive room to renovate in the house and requires extra care to get it right. Read on to find out more about what you should consider and common pitfalls to try and avoid...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

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


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