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

Edition 48 of 2007, Friday, 07 December 2007

Dear Reader

Banks yesterday urged the Reserve Bank to make the monetary policy less reactive, saying that rising costs have spurred the pace of company failures and may lead to job cuts, this after the the repo rate was raised with another 50 basis points to 11,0%. Changes in interest rates take one to two years to make themselves fully felt and many analysts fear that further increases in lending rates could hurt the economy without having much effect on inflation. What will the banks do today? Will they give South Africans the worst possible Christmas present to think of? Was the increase in the petrol price not enough?

Could renting a property at this stage be a better bet?

Property economist Erwin Rode, of Rode & Associates - “From an investment point of view and cash-flow point of view, it makes more sense to rent at the moment,” he says.

Should I fix my interest rate at my bank?

Samuel Seeff, chairman of real estate group Seeff Properties - "When people cannot afford to buy property because interest rates have gone up and they wish to experience a certain type of lifestyle, they have no option but to consider renting." Rising interest rates pose the question of fixing

John Loos, an FNB property strategist - Because interest rates were rising the focus is on fixed interest rates. But he cautioned that fixed interest rates should not be seen as a way to beat the market. With rates on the march, do you fix or float?

The coastal property market continues to boom with prices higher than those in cities, say property experts. 'Black diamonds' fuel coastal property boom

Marketing South African real estate internationally remains a committed focus of Chas Everitt International, but as from January 2008 the leading national property group will be bringing the world of international property investment to South Africans. News from Chas Everitt International Properties - Launch of Overseas Property Sales Company a first for South Africa

One of the many routes that lead north from Cape Town is the road that follows the rugged western shores of South Africa, commonly referred to as "The West Coast". During spring, the area is transformed into a floral paradise, with wild flowers growing everywhere, forming the south-western fringe of the famous flower carpets of Namaqualand, Focus on, The West Coast, Western Cape, South Africa

In our CyberProp Blog we look why Part-time agents will ‘disappear’.

Enjoy!
The editor


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>> Real Estate News - USA - Single Family Home Prices Fall for First Time Since 1994

Global Insight, the world's leading company for economic and financial analysis and forecasting, today released the third quarter 2007 update of House Prices in America, the U.S. housing-valuation analysis, showing that prices for single-family homes declined for the first time since 1994, with California, Florida and Michigan accounting for the steepest losses. Prices fell at a 1% annualised rate during the quarter, though they were still up 1.8% year-over-year...

>> Rising interest rates pose the question of fixing

HIGH — and rising — interest rates are making property unaffordable for many potential first-time home buyers. For those buying a home, the first big decision is whether or not to fix the interest rate on their bonds. There is a lot of uncertainty about which way interest rates will move over the next year.

Renting a property in the short to medium term could be the better bet, but this option is also not without risks...

>> With rates on the march, do you fix or float?

Home owners need to weigh their long- and short-term goals carefully as more interest rate increases hove into sight.

Property economists said deciding between fixed and floating interest rates on property loans, and deciding whether to rent or buy a property, were important considerations...

>> Interest rates add fuel to the fire

The almost certain prospect of further interest rate hikes will put more pressure on property sellers and ensure a real consolidation in the property market during 2008, with prices likely to show flat-line growth at best...

>> IEASA international ties benefit SA consumers

South African home sellers are already deriving benefits from the decision by the Institute of Estate Agents earlier this year to join ICREA – the International Consortium of Real Estate Associations.

These benefits include the opportunity to have their property featured on WorldProperties.com, the global property showcase operated by ICREA which attracts more than 25 000 international users a month.

>> 'Black diamonds' fuel coastal property boom

The coastal property market continues to boom with prices higher than those in cities, say property experts.

One of the trends fuelling growth is the increasing number of "black diamonds" - the fast-growing affluent black middle class - buying holiday homes. Another trend is that modern technology allows wealthy businessmen to be based on the coast and operate their businesses from there...

>> Focus on The West Coast, Western Cape, South Africa

The area is the hub of the South African commercial fishing industry. From snoek (which can be bought fresh for R20 or less) to crayfish and mussels from the bay. The area is also a popular spot for tourists to see whales during their mating season, which is from early August to about November...

>> View Properties in the Western Cape

>> Property of the week

Western Cape, St Helena Bay, Britannia Bay

Bedrooms: 4
Bathrooms: 3
Garages: 2

This property is situated on prestigious golden mile boulevard, minutes away from golf course,tennis courts& up-market club house with restaurant, bar, wellness centre. Armed response less than 1km from house...

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>> News from Chas Everitt International Properties

Launch of Overseas Property Sales Company a first in South Africa

Marketing South African real estate internationally remains a committed focus of Chas Everitt International, but as from January 2008 the leading national property group will be bringing the world of international property investment to South Africans.

Trading as CEI Overseas Properties, the launch of this new venture is well timed due to the convergence of a number of related factors, chief amongst these being the increased allowance for overseas investment by South Africans to R2 million (or R4 million for a couple) and the substantial growth in real estate equity enjoyed by South Africans in their South African properties over a long boom period, a weak dollar and a reasonably strong Rand...

>> Top 10 reasons to invest in a property on a golf course

by Cherry Clift, Managing Director of Investment in Cyprus

1 - A Good investment. The lifestyle factors are important when planning a property purchase however the financial aspects are the key. The benefit of purchasing on a course is that the demand for golf property remains high, providing an exit from the market at any point. Buying a property off-plan will also usually result in significant capital gain by the time the course has opened...

>> From the CyberProp Blog

Part-time agents will ‘disappear’

The real estate industry is in for a major shake-up next year when training requirements and registration procedures of agents will undergo radical changes.

But, says Berry Everitt, MD of the Chas Everitt International property group, the changes are to be welcomed. “The industry may end up with fewer accredited estate agents, but those who remain will be better trained and will be enabled to offer consumers a high quality service...

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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 web site linked to CyberAgent. Work OFFLINE!!! Only go online when updating your web site.
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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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