Weekly Newsletter
Friday, 08 February 2008
Property Search | Estate Agents | List your property

Edition 5 of 2008, Friday, 08 February

Dear Reader

Public Enterprises Minister, Mr. Alec Erwin yesterday said that South Africa's power crisis is not a threat for hosting the Soccer World Cup in 2010. My question however remains, what is the impact of the load sharing of electricity going to have on the property industry in South Africa?

Staying at the 2010 Soccer World Cup; Property owners are gearing themselves for the lucrative renting market in 2010 but should be cautious as the football party tenants descend on mass. Housing hooligans by iafrica

In the news this week:

  • South African median home prices were flat for the second consecutive month
  • SA house price growth brushes 97-month low
  • House price slows to 13.2%
  • Power cuts worry building sector
  • Affordability for first time buyers a concern

Have you had this dream of a country home? Some advice from the Chas Everitt Property Group; Be patient and take your time. By their very nature, country properties may come to market at longer intervals than city property. But that does not mean you should not enjoy the search! How to answer the call of the country

Moneyweb, Power hour - an interview with Jacques du Toit: Senior property analyst, Absa;

MONEYWEB: So if you've invested in a coastal resort, a golf estate, something like that, it's not going to be easy for you to quickly get your money back?

JACQUES DU TOIT: No. I should say it is now time to keep your property, hold on to your property and try to sit out these more difficult times.

Founded in 1851 on the Oorlogskloof River and named after religious reformer John Calvin, Calvinia lies at the foot of the Hantam Mountains. Hantam being a Khoi word meaning "where the red bulbs grow". Calvinia is the region’s key growth point and one of the country’s largest wool-producing areas, Focus on Calvinia, Northern Cape, South Africa

In our CyberProp Blog we look at the warning signs of a bad loan.

Enjoy!
The editor


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>> Real Estate News - Sold - but who is our neighbour?

What is intriguing about Tahiti - the most expensive home sold in the country - is not its gun-barrel view down the harbour, nor its state of disrepair, but its South African buyer.

Sir Leslie Hooker believed his Sydney home had the finest view on earth. So smitten was the real estate tycoon with his vista across Middle Harbour that he requested the urn with his ashes rest on his property at Balmoral...

>> House price growth flat: Standard

South African median home prices were flat for the second consecutive month in January after moderating to 6.5% year on year in November from 10.2% year on year in October, the Standard Bank’s property gauge showed.

In level terms, the median house price was recorded at 570,000 rand, bringing the five-month moving average growth rate to 4.4% - the lowest it has been since November 2000...

>> Housing hooligans

Property owners are gearing themselves for the lucrative renting market in 2010 but should be cautious as the football party tenants descend on mass.

The Soccer World Cup is less than three years away and South African property owners have spotted a potential gap in the market as a shortage of accommodation is likely with over a million tourists expected...

>> How to answer the call of the country

Stressed urbanites are increasingly succumbing to the allure of a country lifestyle, but it’s not so easy to find the right country property.

Of course not everyone is lucky enough to escape to the country permanently for the simple reason that their jobs keep them city-bound. Still, there are always weekends and holidays - and a simple country retreat may sound like a sanity saver, especially if you own it and don’t have to depend on its availability...

>> Interview - Jacques du Toit: Senior property analyst, Absa

MONEYWEB: Dave, we've gone from a subject that everybody has one of - a cellphone. Unfortunately some of us are on contracts. I still think on contracts you get ripped off, hey? Do you ever use up your whole....

DAVID SHAPIRO: I don't know, I just get the bill and pay it, because I never understand the detailed billing. My wife does, she's a master at it, she's got a PhD in telecoms, she can tell you anything. You can call from anywhere in the world and she will tell you what the cost is. I haven't got the patience for that...

>> Mixed bag of messages sent to foreign investors

THE weakening rand could boost the luxury end of the residential property market as it makes it cheaper for foreigners, armed with a stronger currency, to buy property in SA.

But real estate commentators also say political uncertainty and SA’s power supply problems, which are making headlines around the world, could be a deterrent to foreign investment in property...

>> RE/MAX urges state to launch first-time buyer "package"
Rodney Hayter

SUN CITY (February 07) – Government has been called upon to unshackle the current property market slowdown by giving more meaningful support to home ownership by launching a “package” in the March 28 budget structured specifically around assisting first time homebuyers.

Ideally, first priority should be around tax relief on home loans for a specific period, based on the selling price of the home, and also extending the current transfer duty relaxation from R500 000 to R1m...

>> Focus on Calvinia, Northern Cape, South Africa

Founded in 1851 on the Oorlogskloof River and named after religious reformer John Calvin, Calvinia lies at the foot of the Hantam Mountains. Hantam being a Khoi word meaning "where the red bulbs grow". Calvinia is the region’s key growth point and one of the country’s largest wool-producing areas.

>> View Properties in the Northern Cape
>> View Properties in Calvinia

>> Property of the week

Northern Cape , Calvinia

Thatched house on corner erf with spacious rooms. Three bedrooms, sitting / dining room with fireplace, TV room, kitchen with ample cupboards, 3 garages & a 2-bedroom apartment. Has potential for guesthouse....

Search for property in your area

Enter City/Suburb:
>> News from Nedbank Corporate Finance

“EDEN ON THE BAY” NOTCHING UP FAST SALES AND MAKING GOOD PROGRESS

Progress on the R500 million mixed use development “Eden on the Bay”, the jewel in the crown at Jonga Entabeni’s R3 billion Big Bay Beach Estate at Big Bay, on the Cape West Coast, has been impressive, says Richard Thomas, the new Divisional Director of Nedbank Corporate Property Finance (Cape), who visited the site for the first time recently.

>> CEI Overseas Properties Launch Press Release

Launch of Overseas Property Sales Company - A first in South Africa

Marketing South African real estate internationally remains a committed focus of Chas Everitt but now the leading property group is bringing the world of international property investment to South Africans.

The launch of this venture is well timed due to the convergence of a number of factors, chief amongst these being...

>> Update on Green Building Council of South Africa

The South African Green Building Council (GBCSA), which was established in September of 2007, is moving ahead strongly with an influential Board in place, the establishment of technical sub-committees, employment of staff, and the establishment of a rating system for South Africa.

Bruce Kerswill, who has been facilitating the establishment of the Green Building Council, and who has been appointed as Executive Chairman, provides an update on the Council’s status...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the property

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:
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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