|
Weekly Newsletter
|
|
Friday, 7 March 2008
|
 |
|
|
|
|
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 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 |
|
An average house price cost 570,000 rand last month...
|
| >> Don’t hide when you’re in default |
|
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! |
|
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 |
|
|
| >> SA scores well on economic-freedom index |
|
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 |
|
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 |
|
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,
|
| >> Property of the week |
Search for property in your area |
| >> 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 |
|
| >> Software at its best! |
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: To Rent Property: |
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.
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."
Can
the U.S. financial crisis be contained within America's borders?
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.
According
to ooba, (formerly MortgageSA) slower property market conditions present
the best buying opportunity in years for first-time buyers and upsizers.
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...
South
Africa's rating of 63,2% ranks it 52nd globally on the Heritage Foundation
2008 Index of Economic Freedom.
With
the lilac splendour of jacarandas as its trademark, Pretoria has grown
into a metropolitan structure encapsulating a rainbow nation. 
African
bush lodge experience.
Pinnacle
Point Fynbos Village has been referred to as golf’s new “Garden
of Eden”. Situated at the gateway to the magnificent Garden Route.
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.
