Weekly Property News
10 December, 2010
FROM THE EDITOR

Dear Reader

This is our last newsletter for 2010. It’s hard to believe that another year has come to an end. We would like thank you our reader for your continued support during 2010 and wish you and your family a blessed Festive Season and a prosperous New Year. May your property dreams come true in 2011!

A lot happened in South Africa this year. The most outstanding event is undoubtedly the success of this year’s Soccer World Cup. Here at Chas Everitt International Property Group we have been hard at work to wrap up lots of new sales in a market that is starting to reflect the enthusiasm we are feeling for 2011 . So as we see the shopping centre's around the country dressed for the festive season to attract retail therapists , our coastal offices will be ready to embrace the " savvy Purchaser " wanting a second home in the sun . If we review the past three years the quote from Rafiki in the movie The Lion King comes to mind ...
"Oh yes, the past can hurt. But, you can either run from it or, learn from it.
" Berry Everitt, CEO, Chas Everitt International Property Group

The holiday season is upon us and everyone is counting the days until they can take a well-deserved break. This year has been a busy one, full of great nation building achievements – from the Super 12 rugby semi-final and final matches played in Soweto to the biggest sporting event in the world – the FIFA Soccer World Cup. As a nation, we can indeed be proud of ourselves – we showed the world that we could plan and pull off a complex event with style, safety and spirit. May this spirit continue into the New Year. I wish you and your family the very best for a safe and peaceful holiday season. Craig Hutchison, CEO, Engel & Völkers Southern Africa.

Cyberprop Christmas edition message from Adrian Goslett, CEO of RE/MAX of Southern Africa; “Current market conditions make now an ideal time to purchase property, which is an asset class that will continue to perform solidly over the long term. The value added to a property transaction by a qualified estate agent cannot be underestimated. The team from RE/MAX of Southern Africa looks forward to being of service to you and wishes you a peaceful and safe festive season.

Best wishes for a Joyous Holiday Season and a New Year filled with love, health and happiness.” Warm Nationlink Wishes

2010 was a challenging but exciting year for South Africa in total but especially for the real estate industry. We’ve seen house prices stabilising and in some places even increasing. We have received three gifts during the year, rate cuts in March, September and November. One cannot help feeling exited about 2011. The entire team of Dormehl Property Group South Africa would like to take this opportunity of wishing everyone a very happy, healthy and safe festive season. We are looking forward to being of service to the property buying, selling and letting public in the years ahead.Owen Dormehl, CEO, Dormehl Property Group.

"2011 beckons and it’s time to say goodbye to 2010. This past year will be remembered as one of the toughest our industry has faced, but also as the beginning of the slow recovery. Several Harcourts offices are ending the year on 24 month highs. The level of tenacity and business acumen displayed by many real estate offices has ensured that they have survived and thrived. Those people left in industry are true long term players and should look back on the last year with a sense of pride. Whilst some offices will be busy over the festive season, most will use this as an opportunity to recharge their batteries and come back fresh for 2011. All the very best to you and your families and here’s to a great 2011.", Richard Gray, CEO, Harcourts South Africa

I would like to wish every single one glad tidings this festive season. Be good and enjoy the festivities. 2010 has been an unbelievable year and I hope that your end of year celebrations are just that…celebrations!! Thank you again for your continued support and I look forward to working with you in 2011! Val Ludgrove, Val Ludgrove Estates

Enjoy!
The editor

In This Issue

Featured Property

Thabazimbi, Leeupoort Holiday Village

House: Bedrooms: 3 | Bathrooms: 2.5 | Garages: 2
Leeupoort is known for its lush vegetation which is typical Bushveld, providing ample grazing for a variety of antelope like giraffe, blue wildebeest, eland...


South Africa’s most trusted Real Estate Company

Nominationas are closed!

Folllow the link below to vote for South Africa's most trusted real estate company:
www.cyberprop.com/most_trusted.shp

Voting closes on the 14th of January 2011


CyberProp Property Count: 10/12/2010

Search Now

Properties for Sale: 147,279
Properties to Rent: 10,840

Local News

Are real estate price real?

The real estate prices hit the record levels during the last couple of years. This has brought back to limelight the age-old question whether real estate can also be used as an alternative source of investment or the so-called proverbial bubble will burst...


Growth in home values slowing down further

Year-on-year growth in the value of middle-segment homes for which Absa approved mortgage finance (see explanatory notes) slowed down further in November 2010...


Good news for property in latest employment stats

There’s a direct correlation between job creation and higher home ownership levels, which is why the latest employment statistics are cause for some end-of-year cheer in the real estate market...


How SA's property prices compare to BRICs

The South African property market has performed favourably over the past decade in comparison to the BRIC nations, having experienced a steady increase in property price growth since 2000, whereas other emerging markets have had more of a bumpy ride. South Africa has also maintained its period of growth for longer than any of the BRIC countries...


The property Clock

The property clock is often used to follow the property cycle, which circulates over a seven to ten year period, and is based on the relationship between interest rates, supply and demand, affordability/finance availability, and the cost of renting...


Buy young and get on the road to financial freedom

Don’t wait to buy a home until you’re about to get married or start a family – start planning for home ownership as soon as you start earning...


A wish list will help buyers choose the ideal property

Many property buyers spend less time deciding whether or not to buy a property than most people dedicate to choosing a coffee table. Adrian Goslett, CEO of RE/MAX of Southern Africa elaborates...


Be a savvy seller and pull off a great summer deal

While summer is generally considered to be the best home sales season, sellers still need to steer clear of some classic mistakes that can scupper even the most promising deal...


IEA, Western Cape - A succesful year

2010 will go down in the history of the Western Cape branch of the Institute of Estate Agents of South Africa as the year in which training and education assumed a far greater importance in the affairs of the Institute - and the first big successes began to be achieved in this field...


Time to start making your estate home dreams come true

If you fancy living in one of the exclusive estates east of Pretoria, now’s the time to stake your claim and start to plan your dream home...


Electrical Certificates: what sellers need to know

A Certificate of Compliance (COC) is a document that verifies that the electrical installations such as the plugs, lights, DBboard, geyser and wiring in a home comply with the legislated requirements as detailed in the Occupational Health and Safety Act...


Don't stop selling now

With the long summer holidays on the near horizon, many homeowners are thinking about putting their plans to sell on hold until next year – but this would be a mistake...


5 mistakes sellers make

While summer is generally considered to be the best home sales season, sellers still need to steer clear of some classic mistakes that can scupper even the most promising deal...


Financial crisis offers new partnership opportunities

Aengus Property Holdings who sold every single unit in one of Johannesburg’s first inner-city loft conversion projects in just three days, believe the financial crisis offers property developers and owners alike new opportunities to make real return...


Focus On

Marakele National Park, Thabazimbi, Waterberg, Limpopo, South Africa

Situated in the heart of the magnificent Waterberg Mountain Range in the Northern Province, characterised by contrasting majestic mountain landscapes , hills and valleys, as well as an impressive variety of wildlife...

>> Property in Thabazimbi
>> Property 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;

  • Kathu
  • Sedgefield
In the area 1 - Kathu

Rental market cooks in Kathu

The rental market in the little town of Kathu, up in the north-east corner of the Northern Cape, is about as hot as the surrounding Kalahari...


In the area 2 - Sedgefield

The slowest town in SA

If "going nowhere slowly" is your aim, then Sedgefield, situated between Knysna and George on the Garden Route, is now officially accredited as South Africa’s slowest town, and with this new title is consolidating its position as a prime retirement town in the country...


To the editor

Dear Editor,

In our sectional title complex there are many problems.

Most of your readers must own apartments, either as primary homes or as holiday homes. A number of new laws are confusing. It would be interesting if you could investigate for all os us;

King III - What Does It All Mean for HOA - directors have duties to act in the interest of ALL the owners - SECTIONAL TITLE OWNERS AND HOME OWNERS ORGANIZATIONS IN WALLED ESTATES.

How do you interpret it? How do you suggest we apply it? A thorough article , including the latest sectional title bills, would help. In particular it would clarify matters if a multi-purpose multi-use HOA was also incorporated.

And how does the consumer protection act fit in?

Regards
Annette

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


Local News Continue

1000 more agents get new qualifications

Another 1000 estate agents from 100 different companies around the country have just graduated from Ditasa - the Development Institute and Training Academy of Southern Africa – with their new NQF level 4 and 5 qualifications...

CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

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