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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 companys vision is to be the prime property partner within
South Africa, Africa and the Middle East. JHIs 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.
Enjoy!
The editor

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