Weekly Newsletter
Friday, 11 January 2008
Property Search | Estate Agents | List your property

Edition 1 of 2008, Friday, 11 January 2008

Dear Reader

2008! It seems that we are now in a period during which property investors are having to adjust to higher capital costs due to higher interest rates. Although we have not yet seen;

  • a lot of forced selling
  • that prices of property are coming down dramatically
  • that property stock have bottomed

To all our readers who will be ventured into purchasing property this year best of luck. From our side we will continue bringing you news, advice and forecasts.

South Africans have traditionally been spoilt for property space, but that’s been changing in recent times and, in keeping with trends elsewhere in the world, the process is set to continue with properties becoming smaller. Honey I shrunk the house by Iafrica.

Western Cape Properties Boom; an interesting article I found this week on The Times property website or should I rather say that it was not the article but the comment from one of the readers that got me thinking. Send your view point on this issue to news@cyberprop.com

Marketing South African real estate internationally remains a committed focus of Chas Everitt but now the leading property group is bringing the world of international property investment to South Africans. A well established trend in Europe is the investment in a second home but what about South Africans? A launch function will be held on Wednesday 20th February 2008 at the Mount Nelson Hotel in Cape Town. Read more in CEI Overseas Properties Launch Press Release.

Although most of us has just returned from hopefully a good holiday there is some of us that is already planning the next holiday. Accommodation on Course shares with us local accommodation that they believe to be among the best South Africa has to offer in terms of places to stay.

In our CyberProp Blog we look at a few points to remember when choosing a home.

Enjoy!
The editor


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>> Real Estate News - China

China's real estate industry experienced an unprecedented boom in 2007. Increasing quantities of land were developed, causing land supplies to fall short of demands.

Beginning in August 2007, the growth rate of Chinese consumer price index (CPI) remained above 6 percent and hit a decade-high, reaching 6.9 percent in November. This was a definite warning sign that the Chinese economy would probably soon see the end of its golden period...

>> House price growth at seven-year low - Absa

GROWTH in house prices in the middle segment of the market slowed to a nominal 11,2% year-on-year in December - the lowest price growth since December 1999, when it was 9,3%, the Absa house price index showed today.

Nominal price growth of 12,5% was recorded in November last year. The average price of a house was about R964,000 at year-end, bringing the growth in nominal terms to 14,5% compared with 15,2% in 2006 and 22,6% in 2005...

>> Honey, I shrunk the house!

South Africans have traditionally been spoilt for property space, but that’s been changing in recent times and, in keeping with trends elsewhere in the world, the process is set to continue with properties becoming smaller.

The implications for developers, estate agents, homebuyers and all other stakeholders in the property sector are far-reaching says RealNet property group CEO Tjaart van der Walt...

>> SA house prices are cooling rapidly - survey

The property market is cooling rapidly after more than five years of double-digit increases in the prices of houses and political uncertainty could dampen it further, says an international review.

Although South African house prices rose by more than 10 percent year-on-year in nominal terms, the inflation-adjusted figures were substantially lower, according to the Global Property Guide, a review of the world's housing markets last year...

>> Budget before you buy-to-let

Investment property can yield healthy returns – but investors should budget properly for the ongoing costs of ownership in order to calculate the real returns they can expect.

Berry Everitt, MD of the Chas Everitt International property group, says a common mistake among new investors is to overestimate the profit they will make by only calculating rental streams and neglecting to factor in maintenance costs and other regular payments such as municipal rates and insurance premiums...

>> Western Cape property booms

A record R19.24 billion of residential property was sold by Western Cape estate agents in the first 11 months of this year, the Cape Times reported.

This was R2bn more than the same period in 2006, despite a 13 percent drop in the number of sales.

The figures were compiled by an independent company, Cape Property Services, from an analysis of agents’ sales...

>> Focus on Sabie, Mpumalanga, South Africa

Sabie lies on the slopes of Mount Anderson surrounded by forests, waterfalls and mountains. The town was established in 1900 by gold diggers in search of fame and fortune.

The climate and conditions in this beautiful area are ideal for the forestry industry and Sabie is surrounded by the largest manmade forestry area in the country...

>> View Properties in Mpumalanga
>> View Properties in Sabie

>> Property of the week

Mpumalanga, Sabie

Bedrooms: 4
Bathrooms: 3
Garages: 2

Ideal for a Guesthouse Panoramic views over Sabie Valley Ideal for upper class living in a laid back Lowveld town.

Search for property in your area

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>> News from - Accommodation on Course

When planning a vacation within South Africa an on-line facility focusing on local accommodation is vital. Accommodation on Course offers exactly that. We have handpicked what we believe to be among the best South Africa has to offer in terms of places to stay.

Dunvegan Lodge is situated high on Cape Town's Clovelly mountainside with spectacular views over the Clovelly golf course and Fish Hoek valley. The house is an eclectic mix of Cape Farmhouse and Victorian styles with decks and patios surrounding it. Each spacious room has a private area from where visitors can enjoy views of the fynbos (flora) covered mountainside or the magical vistas over the Fish Hoek valley...

>> CEI Overseas Properties Launch Press Release

Launch of Overseas Property Sales Company - A first in South Africa

Marketing South African real estate internationally remains a committed focus of Chas Everitt but now the leading property group is bringing the world of international property investment to South Africans.

The launch of this venture is well timed due to the convergence of a number of factors, chief amongst these being...

>> From the CyberProp Blog

Choose a Home

There's no doubt that choosing a home is a big decision and you want to do it right.

As a buyer, here's what actually happens. A home has been placed on the market for which the seller has established an asking price as well as other terms. In effect, this is an offer. At this point, you have three choices: accept the seller's offer and create a contract; reject it and not make an offer; or suggest different terms and make a counter-offer. If you choose this last option, the seller may accept, reject or make a counteroffer

>> Software at its best!
CyberAgent makes canvassing easy! Use data from SAPTG, CyberTrade and the Deeds office to do mail drops!
CyberAgent enables the estate agent to manage buyers and sellers, sending them birthday cards, emails etc.
CyberAgent enables the estate agent to manage properties and print great reports with a click of a button.
CyberAgent enables the estate agency to keep track of sales related commissions, VAT, outstanding payments and more...
CyberAgent links with the transfer attorneys, send and monitor transfers electronically!
Get your own dynamic web site linked to CyberAgent. Work OFFLINE!!! Only go online when updating your web site.
Great exposure! Through your CyberAgent application all properties updated to your site are also sent to www.cyberprop.com, www.sundaytimesproperty.com, www.real-estate-south-africa.com, www.cellproperty.com, www.propertygenie.co.za, www.propertytrader.co.za, www.funnelproperty.co.za, www.g.co.za, www.ananziproperty.co.za and www.brabysproperty.com

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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For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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