Weekly Newsletter
Friday, 09 February 2007
Property Search | Estate Agents | List your property

Edition 5 of 2007, Friday, 09 February 2007

Dear Reader

This week we heard about the heat wave and lack of rain that are having a severe impact on grazing and grain crops. We also heard that just over a quarter of the country's 46 million people are receiving social grants. But what did we hear about the property market;

  • The interest of foreign buyers has increased in the South African property market
  • There is a a new trend towards “walkable” communities that can cause a major shift in property buying patterns
  • Interest rates might stay the same for another month or two

"Foreign interest in the South African property market has increased at least 10 times since the sale of the Victoria & Alfred (V&A) Waterfront in Cape town to a foreign consortium for $1bn, says Mike Flax, executive director of listed property asset managers Madison" Market bristling with foreign interest

What will property prices do in 2007? I am sure that all of us would like to know the answer. House prices will remain relatively flat this year but there are still pockets of surprising activity and demand. We have just come through a rollercoaster of a year in 2006, both politically and economically. This according to Intellectual Property Magazine. What will property prices do in '07?

"With plumbing generally being hidden in walls, under floors or above ceilings, most people don't give it a thought until mould rears its ugly head somewhere or the lounge carpet develops an inexplicable damp patch" Berry Everitt, MD of Chas Everitt International property group shares some tips. How to keep plumbing nightmares at bay

The name comes from the `small mouth' of the lagoon of the Bot River. Attractions include "Hans die Skipper", home of the well-known late Afrikaans author, DF Malherbe. Kleinmond, Western Cape, South Africa, a paradise of more than 1500 species of coastal and mountain fynbos, a milkwood scrub forest and 40 other tree species. There are several trails through the reserve as well as a 18 km hike, leading to tidal pools and inlets with a variety of marine life. It is also an ideal place from which to do some whale watching -

What used to be Bruce’s 500m2 character home with Oregon pine floors and pressed-steel ceilings is now a vacant scrapyard. Bruce says he thinks the house was demolished for a new building but, for some reason, the structure was never built. My first house - Bruce Fordyce

Enjoy!
The editor


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>> Real Estate News - Market bristling with foreign interest

FOREIGN interest in the South African property market has increased at least 10 times since the sale of the Victoria & Alfred (V&A) Waterfront in Cape town to a foreign consortium for $1bn, says Mike Flax, executive director of listed property asset managers Madison...

>> Your rights on rates
Rodney Hayter

As we close in on that time when municipalities try to squeeze extra income from ratepayers the latest edition of Intellectual Property, a Pam Golding Property Group publication, gives an insight into new legislation.

Property rates are taxes on the ownership of property, which are based on the market value of your property and used to fund various municipal services, including but not limited to sewerage, refuse removal, libraries, roads and pavements provided by the municipality in your specific area.

>> What will property prices do in '07?

House prices will remain relatively flat this year but there are still pockets of surprising activity and demand. We have just come through a rollercoaster of a year in 2006, both politically and economically.

The housing market has gone off the boil and looks like settling to a more sustainable level. Let’s face it — annual house price growth of 30 percent could not last — nor is it desirable...

>> How to keep plumbing nightmares at bay

The trouble with plumbing problems is that they are mostly out of sight - and out of mind - until they pop up as major expenses. "With plumbing generally being hidden in walls, under floors or above ceilings, most people don't give it a thought until mould rears its ugly head somewhere or the lounge carpet develops an inexplicable damp patch," says Berry Everitt, MD of the Chas Everitt International property group...

>> Focus on Kleinmond, Western Cape, South Africa

The Kleinmond area in the Overberg district comprise Kleinmond, Betty's Bay, Pringle Bay and Rooiels. It has been a summer resort for farmers from the Caledon and Elgin areas since 1861. In 1948, a town council was elected, a highway constructed and the town developed...

>> View Properties in the Western Cape
>> View Properties in Kleinmond

>> Property of the week

Western Cape, Kleinmond

Notes CAN A GUESTHOUSE TEMPT YOU? OR LOOKING FOR A LARGE CHARACTER HOME WITH A THATCH ROOF?
Bedrooms: 7
Bathrooms: 4

Search for property in your area

Enter City/Suburb:
>> My first house - Bruce fordyce - The Property Magazine

Sorry I’m late… but I’m more sorry that I had to drive down this road and see what has happened to it…’ A slightly flustered Bruce Fordyce describes his first home in Collins Street, Brixton – back then, ‘the Chelsea of Johannesburg.’ Even though the homes are still sturdy and full of character, they seriously need paint and are tainted by litter, gnarled barbed-wire fences and makeshift barricades.

Words: Rosanne Buchanan Photography: Gareth Gilmour

>> Have Fun - Top five home renovating tips

Three interest rate rises in a year and a jump in housing prices of 6.2 percent in the September 2006 quarter (10 percent if you live in Darwin). It's not looking like an ideal time to move house by anyone's standards, which is not to say that you can't live somewhere new — it's just a matter of improving your current address until it feels like a different house. Yes, we're talking renovating. Anything from slapping on some new tiles in the bathroom, to a second-floor extension...

>> News from - Homenet

Kensington shapes up as the 'new Melville'

If you'd bought a home in Kensington 18 months ago and decided to sell it today, you would stand to make a profit of 25 to 30 percent - and there's still more growth in the pipeline.

So says Jako Keyter of leading local agency Homenet Realink, who notes:

"Kensington is the new Melville...

>> SA Property - Opinion

A recent article in the Financial Mail by Pauline Larsen says global investors on the prowl for untapped property investment opportunities are starting to discover South Africa. Classic Business Day gets independent property economist François Viruly on the line for his opinion...

>> Five months to go to the largest worldwide real estate exhibition - SIMA07.

The ninth edition of the Madrid Real Estate Exhibition, taking place from 29 May to 2 June, will cover a total of 100 000 square meters. SIMA’s International content will be distributed in two areas: SIMA’s Hall I (International Institutional and Investment Pavilion, and SIMA’s Inmotur (International Holiday Homes Pavilion), an area devoted to second homes in foreign countries where hundreds of property and property related exhibitors from more than 20 markets will participate...

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