Weekly Property News
09 March 2012

Dear Reader

This week mayors around South Africa was told to buy land. "How do you ensure that the best South Africans stay in South Africa and don't go to London or New York? By making it attractive." This according to Enrique Peñalosa, the former mayor of the Colombian capital, Bogotá. He went on saying that Government must buy out landowners and create a land bank.

What is a land bank?

  • A land bank is a public authority created to efficiently hold, manage and develop tax-foreclosed property
  • A land bank is a bank that issues long-term loans on real estate in return for mortgages.
  • Land Bank is a specialist agricultural bank guided by a government mandate to provide financial services to the commercial farming sector and to agri-business
  • Uses vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property

Headlines: DA spokeswoman on justice Dene Smuts said the ANC was either trying to mask its own ineptitude or embarking on a phase which threatened "the very foundation of our constitutional state. It is notable that social and economic transformation is consistently cited as the justification for the proposed review of the Constitutional Court decisions and for the transformation of the judicial system as well. It is becoming clearer by the day that the ANC is contemplating a fundamental ideological shift." Ms Smuts dismissed the suggestion that the property clause in the bill of rights was a "sunset clause" in the constitution, emphasising that it "represents the full, final and exhaustively negotiated right of all South Africans not to be arbitrarily deprived of property — as so many were in the apartheid era". DA shocked at ANC draft proposals to change constitution

Market news: The FNB house price index showed a further slight acceleration in February, increasing 6.6 percent in nominal terms on an annualised basis, from the revised 6.1 percent in January. This is the highest year-on-year growth since July 2010, the bank said on Thursday in its monthly house price index report. Real home prices slightly up

The editor

In This Issue

Limpopo, Vaalwater
Notes: 3 Bedroom Home in Vaalwater Town, Waterberg

CyberProp Property Count: 09/03/2012

Search Now

Properties for Sale: 129,383
Properties to Rent: 9,931

Local News

South Africa: Beautiful Country, Worrying Politic

South Africa's property market has slowed, with house prices declining modestly in 2011. South Africa's house prices rose 2.3% in nominal terms, which translates into a decline of 2.6% in real terms, a disappointment following 2.7% house price rises in real terms in 2010...

DA shocked at ANC draft proposals to change constitution

The Democratic Alliance (DA) has expressed "shock and extreme concern" over draft proposals by the African National Congress (ANC) to scrap the "sunset clauses" in the constitution and amend the property clause in the bill of rights, which stipulates that property may be expropriated only on the basis of fair compensation...

SA mayors urged to buy up city land

The government must intervene radically in the ownership of land around South African cities to ensure optimum economic growth, the country's top mayors were told during a course at the weekend...

Real home prices up slightly

The FNB house price index showed a further slight acceleration in February, increasing 6.6 percent in nominal terms on an annualised basis, from the revised 6.1 percent in January...

South African property market 'will pick up in 2013'

People relocating abroad to the Western Cape of South Africa and making investments in the country's real estate might expect the value of their assets to begin increasing in the future...

SA house price growth significantly higher than First World

South African house prices, says Sean McCauley, a Rawson Properties director, are performing a great deal better than those of most of the world...

Only nominal price growth likely this year

Western Cape house prices are likely to remain level and there is little chance of "real" (i.e. inflation-beating) growth this year, says Dianne Brock, general manager of the Western Cape Institute of Estate Agents...

Decent houses can ensure better health, says analyst

Summit TV talks to Francois Viruly, an independent property economist, about the state of the South African property market...

Consumer appetite for green building on the increase

Green Building in South Africa will take hold in the mainstream when the tenants of buildings push for a more sustainable built environment – and the way to ensure this market demand is through education...

Real estate offers bright future for graduates

The start of a new financial year is a very exciting time for those who have just finished university or college, with thousands of jobs being advertised for those with new degrees or diplomas - and the prospect of good rewards in store for all those years of study and sacrifice...

Hot global real estate: 416 land-grab deals

Yes, 416 fabulous real estate deals across the globe. If you’re rich, looking for 25% returns and want to get even richer, start by downloading the 62-page list of 416 land grabs from Grain.org...

Complaint about auctioneers underquoting values of properties

It's open season for critics of the South African auction sector right now...

South African auctions: allegations of sweetheart deals, shill bidding

South Africa - (ACNI) South Africa is a nation of breathtaking beaches, exotic animals and a mind-boggling trove of natural resources, from diamonds and gold to platinum and palladium...

When in financial trouble, speak to bank

All too often, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula estate agency, when homeowners find themselves in financial trouble they remain unaware of the steps a bank is entitled to take to minimise their losses and/or recover payment...

Tips on working from home

Technology has come such a long way in the past 10 years that it is no longer unusual for people to “telecommute” or even to run their whole business from home full time...

Beginners guide to buying commercial & industrial property

In the wake of the economic recession residential properties have been hard hit, seeing investors achieving returns far less than expected, and in some cases being forced to sell at compromised prices...

Huge student housing shortage

The cost of building residences for university students is R240,000 per bed, according to a report tabled by Higher Education Minister Blade Nzimande at a media briefing in Cape Town on Wednesday...

Buying a fixer upper

Buying a home that is in serious need of renovation is not for everyone and can be riddled with disaster. However, for those who do have the know-how and finances, it could be a very profitable and rewarding endeavour. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that the difference between a successful investment and a money trap lies in choosing the right fixer-upper home from the start...

Exterior updates

In today’s competitive real estate market, the more sellers can do to make their home stand out and be noticed, the better, says Adrian Goslett, CEO of RE/MAX of Southern Africa. “If sellers want to improve their chance of selling their home, they need to make sure that the home grabs the buyer’s attention from first glance,” he notes...

Competition time

Howzit MSN celebrates new look property section with a whopping R20 000 cash give away

Howzit MSN, one of South Africa’s largest portals, has revamped its property section in partnership with CyberProp, and to celebrate it is giving away R20, 000 in cash to one lucky winner. The slick and improved property section adds international property listings, a range of powerful tools such as bond repayment and exchange rate calculators, and excellent data and statistics for buyers and sellers...

Focus On

Vaalwater, Limpopo, South Africa

Situated in the upper reaches of the Mokolo River, Vaalwater is the central village within the Waterberg Mountain range...

>> Properties in Vaalwater
>> Properties in Limpopo

Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Search for property in your area

Enter City/Suburb:

In the Area

The areas we are going to take a closer look at this week are;

  • The Cape
  • Soweto
In the area 1 - The Cape

One of the widely accepted maxims in the residential real estate market is, “If you want an accurate assessment of where housing prices are going, ask a conveyancer”...

In the area 2 - Soweto

New properties set to change face of Soweto

Abulani Heights is set to change the face of the Soweto housing landscape. The groundbreaking new development will have a mall, hospital, theatre, municipal offices, fire station and filling stations...

To the editor

Share your comments with us by sending it to news@cyberprop.com

Local news continue

Compliance certificates

The criticism from many house sellers regarding the municipal ruling that a plumbing certificate has to be obtained before transfer of a home to a new owner can take place is misplaced, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula residential estate agency...

Commercial property rentals will improve during the third and fourth quarter of 2012 - Abacus Divisions

With many economies still feeling the 'hangover affect' of the deep 2009 recession, the commercial rental market will "remain under pressure", possibly improving during the third and fourth quarter , said Org Geldenhuys, managing director of property management company, Abacus DIVISIONS...

Overcrowding of rented properties a serious problem

Eviction of the tenant often the wisest course to follow.

Landlords in South Africa, as in many countries in which poverty is still the lot of a large proportion of the population, may from time-to-time find themselves facing the awkward situation of tenants allowing too many people to move into their unit on medium or long-term arrangements...

Damages to units often common with bad tenants

Apartment units totalling R10 715 000 were sold by Asrin Property Developers’ mandated agents, Seeff, Blouberg at Asrin’s Azure on the Bay waterfront development in Big Bay in the first 30 days of this year. This, says Asrin’s Commercial Director, Shiraaz Hassan, means that the final closed deal figure for sales at the end January was in the region of R23 million...

Care must be taken in choosing a rental agent

With buy-to-let investors once again returning in fairly large numbers to the residential property market it is interesting to learn from Ntombi Mlambo of Gunstons Attorneys that the firm is now being asked to handle a far larger number of tenant evictions or rental payment demands than last year...

New developments incorporating old buildings

New developments of residential sectional titles schemes usually involve either the redevelopment of urban land or the subdivision and rezoning of agricultural land...

Aida Boksburg launches SMS campaign for CANSA funds

Aida Boksburg will not only be fielding two teams in the CANSA East Rand Community Relay For Life this month, but has also begun an SMS campaign to help raise further funds to help fight cancer...

RE/MAX National Conference

After a successful year despite tough trading conditions in 2011, RE/MAX of Southern Africa, one of the country’s leading real estate groups, celebrated its top achievers at the National Conference held at Sun City from 28 to 29 February 2012...

CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

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

Get in touch