Weekly Newsletter
Friday, 7 March 2008
Property Search | Estate Agents | List your property

Edition 9 of 2008, Friday, 7 March 2008

Dear Reader

USA - The Property market is melting down. For months, economists have debated whether the United States is headed toward a recession. Today, there is no doubt. What about South Africa?

ABSA - House price growth has not been so low since the end of 1999, when it was 9,3%. "The outlook for inflation does not appear to be positive over the short term, taking account of the latest trends with regard to the international oil price, the rand exchange rate, and food price inflation. The CPIX inflation rate is forecast to rise to a level of above 9,0% in the near term, which poses a risk to interest rates," Absa said.

The average house price (ABSA) - R 969 800

Standard Bank - South African average house prices were flat for the third straight month in February after moderating to 6.5% y/y in November from 10.2% y/y in October, the Standard Bank property gauge showed on Monday. "This softening trend characterises the waning consumer fundamentals, especially more expensive debt, alongside slower real income growth," said Nxedlana."

The average house price (Standard Bank) - R 570 00

Don’t hide when you’re in default - Homeowners who are behind on their bond repayments too often take the head-in-the-sand approach and leave their number-one asset exposed to repossession. In fact, what borrowers should do at the first sign of trouble is contact their lender themselves, and ask about repayment alternatives that will enable them to reduce instalments and keep their home." Wise words from Berry Everitt MD of the Chas Everitt International Property Group.

Don’t keep all your eggs in one basket. Heard that one before, right? This well known investment maxim makes perfect sense to the average South African small investor. Even the simplest portfolio invariably consists of various asset classes. Buying an overseas property is an excellent way to protect yourself against economic and political uncertainty as well as the devaluing Rand. It also makes good investment sense to tap into booming markets. Buying abroad

Are you ready to become a "beach bummer"? SA scores well on economic-freedom index

In our CyberProp Blog we look at some smart questions to ask when renting to own.

Enjoy!
The editor


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>> Real Estate News - The coming financial pandemic

Can the U.S. financial crisis be contained within America's borders?

For months, economists have debated whether the United States is headed toward a recession. Today, there is no doubt. The severe liquidity and credit crunch from the subprime mortgage bust is now spreading to broader credit markets, $100 barrels of oil are squeezing consumers and unemployment continues to climb...

>> Downward trend in house price growth continues - ABSA

HOUSE prices in the middle segment of the market slowed to a nominal 8,7% last month from a revised 9,9% in January, the Absa House Price Index showed today.

House price growth has not been so low since the end of 1999, when it was 9,3%.

The average price of a house about R969,800 last month, compared with 962,000 in January. Nominal price growth of 10,6% year-on-year was recorded in December last year...

>> House price growth flat - Standard Bank

South African average house prices were flat for the third straight month in February after moderating to 6.5% y/y in November from 10.2% y/y in October, the Standard Bank property gauge showed on Monday.

An average house price cost 570,000 rand last month...

>> Don’t hide when you’re in default

Homeowners who are behind on their bond repayments too often take the head-in-the-sand approach and leave their number-one asset exposed to repossession.

Berry Everitt, MD of the Chas Everitt International property group says: “Home ownership requires proactive financial management even when the payments are on time, but even after the bank contacts delinquent owners about late payments, many of them simply refuse to acknowledge the problem and go on to lose their homes with barely a protest...

>> Just do it!

According to ooba, (formerly MortgageSA) slower property market conditions present the best buying opportunity in years for first-time buyers and upsizers.

Saul Geffen, Chief Executive of ooba, says that while there are fears in the property market from higher interest rates and a slowdown in price growth, buyers should recognise that these conditions are actually positive for those wanting to get on the property ladder and those looking to upsize...

>> Power cuts force Gauteng property developers to become more energy conscious

Another property developer, Fritz van Graan, Inframax’s Regional Manager for Johannesburg, says that the ongoing power cuts could in the long run prove a blessing to South Africa – because they are forcing designers and developers to be more energy conscious and less reckless in their energy use...

>> Real Estate News - Eskom to Block Power to Some New Building Projects

March 5 (Bloomberg) -- Eskom Holdings Ltd., South Africa's national power utility, won't approve some construction projects for four to six months as it assesses an electricity shortage that shut most of the country's mines for five days in January.

"Factory size'' projects requiring more than 100 kilovolt- amperes won't be approved in the period, Andrew Etzinger, a spokesman for state-owned Eskom, said in an interview from Johannesburg today. Prior commitments will be honored, he said.

>> Buying abroad

Don’t keep all your eggs in one basket. Heard that one before, right? This well known investment maxim makes perfect sense to the average South African small investor. Even the simplest portfolio invariably consists of various asset classes...

>> SA scores well on economic-freedom index

South Africa's rating of 63,2% ranks it 52nd globally on the Heritage Foundation 2008 Index of Economic Freedom.

In a statement released on Monday, Century 21 South Africa -- the local chapter of the world's largest real-estate brand -- said the index, which covers 162 countries, took 10 specific freedoms into account.

These were business, trade, fiscal, freedom from government, monetary, investment, property, rights, labour, and freedom from corruption...

>> Charge suitable rent for a suitable tenant

Successfully investing in rental property has one caveat – you have to be able to attract a suitable tenant.

And arguably the best way to go about this, says Martin Schultheiss, CEO of the giant Homenet real estate agency group, “is setting a fair rent and keeping it constant as market conditions and demand patterns change...

>> Focus on Pretoria, Gauteng, South Africa

With the lilac splendour of jacarandas as its trademark, Pretoria has grown into a metropolitan structure encapsulating a rainbow nation.

It's here where colourful people from all around gather... where busting trade and scintillating nightlife is offset by the tranquillity of nature's reserves.

>> View Properties in Gauteng,
>> View Properties in Pretoria

>> Property of the week

Gauteng, Pretoria, Waverley

Bedrooms: 3
Bathrooms: 2
Garages: 6

The perfect address - Easy living family home.

Search for property in your area

Enter City/Suburb:
>> News from - ERA South Africa property group

A new power “package” developed at the Tzaneen office of the ERA South Africa property group could prove to be an answer to the electricity woes of hard-pressed developers.

Depending on the success of a pilot project currently running, it may enable them to get approval for new developments from local authorities that are now very reluctant to give such approvals because of the Eskom power shortage as well as their own problems in delivering infrastructure...

>> Syndic8 Solutions

Syndic8 Solutions specialises in the fractional ownership of luxury vacation properties and provides comfortable and practical solutions to making an investment commitment. Some of the properties in our portfolio include:

Zebula Country Club - Bella-Bella - From R475,000
African bush lodge experience.

For four weeks a year, you could own a portion of paradise. Zebula Country Club - Bella-Bella is an upscale, established bushveld estate, luxuriously nestled in the Limpopo Province, just 20 minutes outside the sunshine town of Bella-Bella. The reserve is situated in the peaceful and protective shadow of the majestic.

  • 5 Star Rated Estate
  • Waterberg Mountains
  • 4 Double bedrooms and 5 bathrooms
  • Peter Matkovich designed golf course
  • 20 Minutes from Bella-Bella
  • Zebu Health Spa
  • Game viewing in an adjacent Big 5 game reserve
  • Spectacular views from surrounding wooden decks

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4-week share is from R475 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pinnacle Point Fynbos Village - Mosselbay - From R385,000
Pinnacle Point Fynbos Village has been referred to as golf’s new “Garden of Eden”. Situated at the gateway to the magnificent Garden Route.

We are offering you this luxuriously furnished seaside paradise and golf course extraordinaire as an ideal chance to Buy into Life.

  • 4 Bedrooms, 4.5 bathrooms
  • 180° Sea view
  • 2 Private beaches
  • 4-Seater golf cart
  • Casino Centre
  • Wellness Centre

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is fromR 385 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pecanwood Estate - Hartebeespoort Dam - From R445,000
This is a proud new addition to the Syndic8 Solutions exclusive portfolio. Situated only forty minutes from Johannesburg, Pecanwood boasts a magnificent Jack Nicklaus signature golf course, which forms the perfect backdrop for the distinctive architecture of the luxurious homes. We are offering you this lavishly furnished house as the perfect chance to Buy into Life.
  • 5 Bedrooms, 4 bathrooms
  • 1 Jet ski & 1 Ski boat
  • 18 Hole Jack Nicklaus signature golf course
  • House beautifully positioned on fairway
  • Rated No.1 residential Golf Estate
  • House is situated in The Peninsula
  • Breath taking mountain surroundings
  • Walking distance from The Boat Club

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is from R 445 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Contact Syndic8 Solutions for more information:

0861 114 894 / +27 12 644 1495
www.syndic8solutions.co.za
info@syndic8solutions.co.za

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For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Limpopo
Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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