Weekly Newsletter
Friday, 09 June, 2006
Property Search | Estate Agents | List your property

Edition 23 of 2006, Friday, 09 June 2006

Dear Reader

Interest rate increase announced yesterday - will this end the property buying spree? Signs are definitely there of a slow-down in the growth of house prices, according to the latest data from ABSA.

We look a little closer at Fractional Property Ownership, is it for real?

We visit Plettenberg Bay and learn more of a new development planned for this diverse area.

Come with us as we focus on East London, SA's only river port city.

Get a few helpful hints on 'selling your small home'.

The editor

>> Real Estate News - South Africa house price growth near 6-year low in May

JOHANNESBURG (Reuters) - South African house prices grew at a nominal 12.3 percent year-on-year in May from a revised 13.2 percent in April, the slowest pace since early 2000, lender Absa said on Monday.

The latest data from South Africa's biggest mortgage bank backs the view that the country's property boom is tapering off, although Absa said the trend in the sector is likely to stay positive for now...

>> Buying spree ends in rate rise

Consumers will experience their first interest rate rise in nearly four years after Reserve Bank Governor Tito Mboweni took steps yesterday to cool South Africa's recent "buying spree" with a 0.5% increase in the official repo rate, to 7.5%.

The move, described as "disappointing" by Prof Bonke Dumisa, Chief Executive Officer of the Durban Chamber of Commerce, and "pre-emptive" by economist Johan Els, will push up the cost of borrowing and of doing business.

>> Fractional title - hype or opportunity?

Fractional ownership is one of the fastest growing leisure real estate trends in the world and has been catching on in Southern Africa over the past year or two.

According to figures released by Pam Golding, VIP fractional interest sales totaled the equivalent of R7.250 million worldwide during 2004, which constitutes a substantial increase over estimated fractional interest sales of R3.445 million during 2003.

With the number of local fractional ownership destinations fast approaching the 30 mark and an estimated 13 players currently active in South Africa, local role-players have recently formed the SA Association of Fractional Intermediaries (SAAFI) to promote the regulation of the industry...

>> Plettenberg Bay - Farming it out

The creator of the polo craze seeks approval for a potentially revitalising residential development

More than 3 000 people live in matchbox houses on dirt roads in a tiny village on the sea side of The Crags outside Plettenberg Bay. On the mountain side, people spend more than R3 000/night in season to stay in the most luxurious country-style hotel on the Garden Route at Kurland estate - the venue, too, for the annual polo international between the UK and SA...

>> Focus on East London, Eastern Cape, South Africa

South Africa's only river port city is situated on the Buffalo river on one of the most attractive stretches of the Eastern Cape coastline. Sweeping white beaches extend for miles - uncrowded and unspoilt.

The climate is temperate and watersports are enjoyed all year round. River mouths, lagoons and gullies provide a paradise for fishermen. Several seaside resorts are scattered along the coastline, all within a short distance from East London.

View Properties in the Eastern Cape | View Properties in East London

>> Property of the week

Eastern Cape, East London, Cintsa East

Bedrooms: 4
Bathrooms: 2
Garages: 2

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>> News from Moneyweb

Is there, or is there not, a township property market?

Is there, or is there not, a township property market? The answer is: of course there is! Unless you assume that the law of supply and demand has, for some mysterious reason, been suspended when it comes to housing in South Africa (and there’s no good reason to think this), prices for township housing should be rising.

With a continuing housing backlog of well over 800 000 units, existing homes should command a premium. Indeed, a recent FNB study found that there were seven potential buyers for every township home on the market. This is good news for the thousands of South Africans who now have legal title to their homes. Their equity is increasing...

>> Have Fun – Making a big impact with your small home

Sectional title apartments and townhouses are becoming increasingly popular home choices for first-time buyers, but do require some special treatment when the time comes to sell up and move on.

Dr Piet Botha, chairman of the Nationlink estate agency group, points out that while a freehold house on sale attracts attention from passersby and makes its own individual impression from the street, first impressions of a flat or townhouse are created by the condition of the complex as a whole...

>> Software at its best!

Technology has become an integral part of Real Estate over the past few years. Tools like CyberAgent Website Design, Update and Marketing

The CyberAgent Profession package includes your own custom designed website. This website is easily updateble using CyberAgent as an off-line listing tool. By the click of a button all your properties including relevant information and images will be updated to your website in less than 2 minutes.

Some of the features included in your website are:

  • Property Search facility
  • Bond Calculators
  • Exchange Rates
  • Free SMS's to Estate Agents
  • Tell a Friend (Free SMS)
  • Mail This Property to a Friend
  • Property of the Month/Day/Week update facility

Example Sites - click on image to view

Your website will also be optimised and submitted to leading international and local search engines and for additional exposure your properties will be advertised on:

We also give you the opportunity to generate more traffic to your site, by submitting articles to the weekly CyberProp newsletter with over 17 000 subscribers world wide.

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

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