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

Edition 36 of 2006, Friday, 08 September, 2006

Dear Reader

Interest rate hikes could continue into the first half of 2007 and is expected to end at 12,5%. Not good news for home owners. The nominal growth of 13,6% year-on-year in house prices that was recorded in August 2006 brought the average price of a house in the middle segment of the market to about R816 000.

This week we take a look at the rich and famous and what they do in the Real Estate Industry.

Agassi Graf Development LLC is a real-estate development company focused on the creation of luxury, resort and lifestyle-oriented offerings in partnership with the industry's leading developers and brands. The company specializes in developing the design and overall lifestyle component of real-estate offerings under the direction and vision of Andre Agassi and Stefanie Graf

During the month of August Plettenberg Bay and surrounding areas received a lot of rain and in some areas a lot of water damage. Val Ludgrove Real Estate takes tells us more how they experienced these floods - News from Val Ludgrove Real Estate

Clanwilliam is situated at the foot of the mighty Cederberg mountain range ±230 km from Cape Town. It has lots to offer the tourists, namely the beauty of the mountains, rock art, bird-watching, historical buildings, the scenic beauty of the flowers in "Flower Season", as well as water sports. We have ample accommodation in and around the town. Focus on Clan William, Western Cape, South Africa

South Africans are mad about gardening, and in response to audience demand for a local gardening programme, The Home Channel is proud to present a new, weekly gardening show. Home Grown debuts this weekend (2nd and 3rd September) and is presented by well-known South African landscape designer and gardener Juanita Knox. Read more in Have Fun

Enjoy!
The editor

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>> Real Estate News – South Africa - Growth in house prices keeps on slipping

Nominal growth of 13,6% year-on-year in house prices was recorded in August 2006, compared with a revised growth rate of 14% in July, the latest Absa house-price index shows.

This brought the average price of a house in the middle segment of the market to about R816 000 in August. The average nominal year-on-year growth in house prices came to 15,1% in the first eight months of 2006...

>> Working from home?

The introduction of capital gains tax (CGT) on property has focused attention on two difficult issues — whether to claim from the taxman for the use of a home office and what to do about the profits realised from the sub-division of land.

Gerhard Kotzé, CEO of the ERA South Africa property group says that homeowners who are thinking about working from home or perhaps sub-dividing their residential stands need first to ensure that they are fully aware of the tax implications...

>> When is it the right time to sell?

There are various reasons by people decide to sell. It could be due to family expansions and on the other hand a reduction in the number of the family. It could be work related or even a decision that a change is as good as a holiday.

If you ask me this question my answer will be NEVER! For me you will be calling in a registered value to protect what may be your biggest investment to date. But I don't know your circumstances...

>> Focus on Clanwilliam, Western Cape, South Africa

Clanwilliam is situated at the foot of the mighty Cederberg mountain range ±230 km from Cape Town. It has lots to offer the tourists, namely the beauty of the mountains, rock art, bird-watching, historical buildings, the scenic beauty of the flowers in "Flower Season", as well as water sports. We have ample accommodation in and around the town...

>> View Properties in the Western Cape
>> View Properties in Clanwilliam

>> Property of the week

Bedrooms: 4
Bathrooms: 2.5

LARGE PROPERTY WITH NATURAL SURROUNDINGS. HOUSE HAS 3 AIRCON UNITS, OUTSIDE TOILET, LOADS OF STORAGE SPACE.

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>> Service, rather than selling the key

RECORD agent numbers, major strides in technology and rising expectations among consumers are at the root of a shift away from sales and towards service in South Africa’s real estate industry.

That’s according to Terry Brookes, chairman of the National Referral Network (NRN), who says customer service is fast becoming the key to success in an industry where practitioner numbers have more than doubled in the last two years...

>> Andre Agassi & Stefanie Graf to Develop Luxury Hotel & Residences: Fairmont Tamarack

NEW YORK, Sept. 6 /PRNewswire/ -- Andre Agassi and Stefanie Graf, through their company Agassi Graf Development LLC, and Miami-based Bayview Financial LP(R), finalized an agreement to develop a luxury mountain project, Fairmont Tamarack, at Tamarack Resort, located in Donnelly, Idaho -- the nation's newest all-season resort. Fairmont Hotels & Resorts will manage the luxury hotel and residences, featuring two locations: a classic resort and spa located in Tamarack's village and a mid-mountain site. This development will be the pinnacle hotel offering at the resort. Sales are expected to begin in the first quarter of 2007 with the development's completion anticipated in 2009...

>> News from - Val Ludgrove Real Estate

During the month of August Plettenberg Bay and surrounding areas received a lot of rain and in a few areas a lot of water damage. Here is how we experienced it.

On the 1st of August we experienced heavy rains in our area coming from the general direction of Cape Town/George area. Most of our South African clients would recall the news casts on TV.

In Plettenberg Bay the areas most affected was the upper areas from Forever Resorts to just past Stanley Island. Now most of you know that Barney and myself owns property in the area and when we got there that evening our boat with its trailer was drifting in about 1,5m of water!

Other parts in Plettenberg Bay affected were the lower parts of Longships and off Longships Drive, and of course the Piesang River Valley. (Not River Club area) Wittedrift was cut of from civilization for about three days with water running over the road.

On the 17th of August Barney and I decided to visit our office and house in Hanover with the hope of driving through some snow on the way. Well that never happened! What we did find was that the Prins Alfred's Pass was totally washed away at some places. Small streams turned into raging rivers that washed away roads, bridges and tons of top soil. You can just imagine where that all ended up. It ended up in our beautiful Keurbooms River. Today, almost a month later, you can still see the damages. Have a close look at our photos. And today, while I am typing this article, it's still raining!

For those who are concerned about their properties - You need not have to worry. We are keeping a close eye on the situation.

Val Ludgrove Real Estate

>> Have Fun - Local is Lekker with Home Grown on The Home Channel

South Africans are mad about gardening, and in response to audience demand for a local gardening programme, The Home Channel is proud to present a new, weekly gardening show. Home Grown debuts this weekend (2nd and 3rd September) and is presented by well-known South African landscape designer and gardener Juanita Knox.

Home Grown will focus on two distinct aspects, namely landscaping and show gardens. This allows viewers to enjoy the “how to “of gardening while providing excellent examples of established gardens.

Episodes focusing on landscaping will include everything from the consultation with the client to the final reveal, when the client gets to see the end result. This process will cover topics such as the drawing up of blue prints, plant selection, choosing garden accessories, the budget and how the landscape project actually takes shape.

Episodes on show gardens will take viewers on a journey from humble beginnings to pristine examples of horticultural design and form. Juanita will reflect on client brief, limitations of the property, plant selection, cost involved and she will interview the garden owners on how they feel about the end result.

Each episode will feature a section dedicated to Juanita’s weekly tip, sponsored by SA Gardening Magazine. This weekly Notebook will highlight one key point to be jotted down and implemented for gardening success. SA Gardening Magazine will also feature a monthly article covering a similar topic to an episode of Home Grown, allowing readers the opportunity to find out more about a specific style of garden design or certain plants, garden features or planting advice.

Home Grown, presented by Juanita Knox is broadcast on The Home Channel, DStv 55. Saturdays 3pm and 10pm and Sunday 9am and 5pm

Artivle from: www.thehomechannel.co.za

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