Weekly Newsletter
Friday, 07 September 2007
Property Search | Estate Agents | List your property

Edition 35 of 2007, Friday, 07 September 2007

Dear Reader

This is what you can buy in Gauteng, South Africa for R 942 800 according to the latest Absa House Price Index. The survey showed a nominal house price growth of 14.6% year-on-year for last month, August 2007, in the middle segment of the market. August house price growth slows

The increase in traffic congestion, rise in petrol costs and slow upgrade of transport systems are driving people to buy property closer to their places of work. "There is a global trend of people buying near their workplaces, and South Africa is no exception," says Saul Geffen, chief executive of MortgageSA. Commuting woes

Over the last few months we received numerous emails from readers wanting to know how the new Credit Act has influence the property market. This week I found an article in the Business Day that should answer most of the questions. Good news is although the high and middle end of the housing market might find it more difficult at present, the lower end of the market is still showing significant growth. Credit Act, rate hikes cut growth in house prices

"I placed every brick in that wall myself, I welded the gate and I planted that weeping willow" says Andrè Watson, one of South Africa's top rugby referees about his first home. Take a closer look with The Property Magazine

JHI is an independent well-established property services company delivering comprehensive service offerings to a wide client base. The company’s vision is to be the prime property partner within South Africa, Africa and the Middle East. JHI’s current portfolio comprises in excess of ZAR 21 billion of assets under management, manages approximately 700 buildings, has over 12 000 tenants and approximately 5,5 million m² under management. Read more in JHI EXPANDS IN NIGERIA

In our CyberProp Blog we take a look at how renovators are putting a new face on Cambridge in East London.

The editor


>> Real Estate News - Real estate boosts Egypt shares, Heliopolis leads

CAIRO (Reuters) - Real estate stocks led Egyptian indexes higher on Thursday with Heliopolis Housing witnessing extensive buying from Arab investors following a month-long slump in the sector, brokers said.

"Arab investors were buying in real estate today especially Heliopolis," said Mohamed Omar of el-Shorouk Brokerage...

>> Finance

If you apply for a Nedbank home loan or move your existing bond to Nedbank before 31 October 2007, you will be entered into a lucky draw in which three lucky clients stand a chance of winning R100 000 each. If you are one of the lucky winners you will get to choose the change you would like to make to your home.

Click here for more information.

>> Commuting woes

The increase in traffic congestion, rise in petrol costs and slow upgrade of transport systems are driving people to buy property closer to their places of work.

"There is a global trend of people buying near their workplaces, and South Africa is no exception," says Saul Geffen, chief executive of MortgageSA.

That's not too surprising: some 715 000 new cars were sold last year, with that expected to increase to more than 770 000 in 2007, according to Road Traffic Management Corporation statistics...

>> August house price growth slows

Nominal house price growth of 14.6% year-on-year was recorded in August in the middle segment of the market, according to the latest Absa House Price Index.

July’s middle-segment house price growth was at a revised 15.1% (14.5%).

This brings the average price of a house in the survey to 942,800 rand...

>> Credit Act, rate hikes cut growth in house prices

Median house price growth plunged to 5,7% year on year last month from 10,4% in July as the National Credit Act took hold, according to the Standard Bank Residential Property Gauge.

Standard Bank senior economist Johan Botha said yesterday the act, implemented on June 1, was affecting growth in house prices by slowing down bond applications...

>> My First House - Boy from Benoni - Andre Watson

I placed every brick in that wall myself, I welded the gate and I planted that weeping willow,’ says André, pointing proudly. We are at his first home in Platinum Street in Goedeburg, Benoni; André says he stills drives by the place to reminisce.

He bought the house in 1981, paying R68 000 for the three-bedroom, two-bathroom home. He had just finished his civil engineering degree and was working to repay his Murray & Roberts bursary.

>> JHI expands in Nigeria

Set to develop local skills while handling major property management projects

Property services company JHI, with operations throughout South Africa, Africa and the Middle East, is establishing a firm base in Nigeria, having completed Memoranda of Understandings with three major Nigerian property partners, SVDC, Profund and Alpha Consortium, as well as opening an office in Lagos...

>> How to make sure of a sale

Selling a home is always nerve-wracking, and especially so when the market slows, inventories increase and buyers have more time and more choice.

Doubts arise about the asking price, whether the property for sale is gaining enough exposure and if potential buyers will appreciate how well maintained the property is...

>> Focus on, Sandton, Gauteng, South Africa

Only twenty years ago, Sandton, north of Johannesburg, was an open strip of highveld inhabited by estate owners and used largely for horse riding.

It is now the Gauteng property of choice, a sophisticated, upmarket suburb featuring expensive shops, world-class hotels and Johannesburg's most illustrious corporate addresses.

>> View Properties in Sandton
>> View Properties in Gauteng

>> Property of the week

Gauteng, Sandton, Atholl

Bedrooms: 5
Bathrooms: 5
Garages: 2

24 Hour security estate. Show unit complete. Contemporary classic. A stunning timeless design...

Search for property in your area

Enter City/Suburb:
>> News from - Nationlink Plattekloof

The ideal holiday investment opportunity

Picture the perfect investment: a holiday residence in the heart of Plettenberg Bay, one of the most idylic settings in South Africa; luxuriously furnished with every amenity required to make your holiday as pleasant as possible; fully serviced, so you don't have to waste any of your precious holiday time cleaning up.

Named Bahia Formosa ('beautiful bay') by early Portuguese explorers, today Plettenberg Bay is the playground of all who deserve the best that life has to offer - in an environment surrounded by the natural beauty of some of South Africa's best beaches offset by the great indigenous forests of the surrounding mountains. Situated in a prime location with glorious views across the bay, Hotel Bahia offers the unique opportunity to own real estate in Plett, without any of the hassles and complicated realities of owning a holiday home,
plus the benefit of generated income when you are not in residence.

Critical to the success of your investment - and the development - is experienced and professional hotel management, offered at Hotel Bahia by the Relais Hotel Group. The luxurious hotel will offer only 44 sectional units, ranging from Bachelors to a 2-bedroom Penthouse Suite, all professionaly equiped and stylishly furnished to meet the discerning buyer of this 5 star establishment, in what is to become the best address in Plettenberg Bay.

For more detailed information, visit www.hotelbahia.co.za or contact Nationlink Plattekloof on Tel (+27) 021 911 1043

>> From the Cyberprop Blog

Renovators put a new face on Cambridge

The East London neighbourhood of Cambridge is getting a facelift as an increasing number of homebuyers acquire properties to renovate and resell at a profit.

Liza Wright, area specialist for Homenet Mercantile, says about 3% of all property sold in East London is in the Cambridge and Cambridge West areas, according to deeds office figures, and adds that there is steady demand because the areas offer a wide range of properties and are centrally located close to good schools, shopping centres,and other amenities...

>> Software at its best!
CyberAgent makes canvassing easy! Use data from SAPTG, CyberTrade and the Deeds office to do mail drops!
CyberAgent enables the estate agent to manage buyers and sellers, sending them birthday cards, emails etc.
CyberAgent enables the estate agent to manage properties and print great reports with a click of a button.
CyberAgent enables the estate agency to keep track of sales related commissions, VAT, outstanding payments and more...
CyberAgent links with the transfer attorneys, send and monitor transfers electronically!
Get your own dynamic website linked to CyberAgent. Work OFFLINE!!! Only go online when updating your web site.
Great exposure! Through your CyberAgent application all properties updated to your site are also send to www.cyberprop.com, www.sundaytimesproperty.com, www.real-estate-south-africa.com, www.cellproperty.com, www.propertygenie.co.za, www.propertytrader.co.za, www.funnelproperty.co.za, www.ananziproperty.co.za and www.brabysproperty.com

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

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