Weekly Newsletter
Friday, 11 March, 2005

Edition 9 of 2005, Friday, 11 March 2005

Dear Reader,

According to ABSA this week, Mr. Jacques du Toit senior economist, following the peak in house price growth there had been a declining trend in house price growth since November 2004. In January 2005 there was a house price growth of 29,6% year on year. The hike in mortgage advances may also put the Reserve Bank's monetary policy committee in a very tight position when they meet in April to decide on whether to cut interest rates.

Did you know that 40% of applications for home loans are turned down due to problems with the credit history or finance of the buyer? In this weeks article The Property Game tells us more about credit scoring and how it works.

Is it time to sell? "A house is the biggest asset most people will ever own and it’s important to view your property as part of your personal financial plan," advises Old Mutual Bank marketing manager Rene Roux."

If you have not been to see the Bo-Kaap, you have not seen South Africa! The "Bo Kaap" or "Cape Malay Quarter" belongs to the culturally and historically most interesting parts of Cape Town, Western Cape, South Africa. The Cape Malays have preserved their cultural identity and Muslemic creed. The old Malay Quarter with its steep and narrow streets, the plain artisan houses, Mosques and Minarets reaches from the Buitengracht street up to the Signal Hill. The houses were restored and colourfully painted. Read more in Focus on

Thinking of painting your home? Make sure that you are in the right mood when you make changes or you can easily land up with a black ceiling with white footprints - Have fun

Enjoy!

CyberProp greetings!
The editor

>> Real Estate News

Property boom lifts mortgage advances to record

MORTGAGE advances in SA increased 24,8% year on year in January, the highest recorded growth recorded since May 1989 when it was 24,9%.


According to data released by the South African Reserve Bank, December also saw strong growth in mortgage advances with a year-on-year rate of 24,1%...

>> The Property Game - Credit Scoring: how it works

Supplied by Dave Welmans www.thepropertygame.co.za

Up to 40% of applications for home loans are turned down due to problems with the credit history or finance of the buyer. Your credit score drives these applications. Today I've included part of an article from an affiliate of The Property Game, Credit Health, which specialises in helping clients understand credit scoring and where necessary rectify problems with their own credit scoring...

>> Cape's housing list is years out of date

The City of Cape Town's waiting list for homes is so out of date the city does not know whether people on it are dead or alive.

The housing department has not updated its waiting list in the "past few years".

The list has been a target of criticism in the past few weeks because long-term residents on it felt their housing needs were being ignored...

>> A tip for investors - if you are in, stay in - if you are not in, get in!

That is the message we have been giving to all our investors when it comes to the Kleinmeer development.

The Kleinmeer project began over 2 years ago when Aquacor Property Developers began planning this new and secure lifestyle village.

For 2 years, homes were designed, gardens, public open spaces & facilities were integrated into the town planning layout, facilities and homeowners requirements were researched, security issues were addressed and a harmonious layout for all of these facets was finalized.

What was not expected, however, was the massive increase in property prices and development demand close to the city centre during this period. As Kleinmeer’s land was bought 2 years ago, this makes it one of the last affordable places to buy in such close proximity to Cape Town; and with such an impressive list of facilities the demand will only increase.

>> Time to sell?

With property prices booming in many parts of the country, is it time to sell your house and enjoy a healthy profit?

"A house is the biggest asset most people will ever own and it’s important to view your property as part of your personal financial plan," advises Old Mutual Bank marketing manager Rene Roux. "If you are thinking of selling while prices are high, discuss your plans to sell with your bank manager or financial adviser to ensure you are not sacrificing your medium and long-term goals for short-term profits.

>> Focus on Bo-Kaap, Cape Town, Western Cape, South Africa

The "Bo Kaap" or "Cape Malay Quarter" belongs to the culturally and historically most interesting parts of Cape Town. Many of the inhabitants are decendants of the people from Indonesia (Batavia), Sri Lanka, India and Malaysia, who were captured in the 17th and 18th century and enslaved by the Dutch-East Indian Trading Company. Many were Muslims and others were converted to Islam by the Cape Muslim community...

View Properties in the Western Cape

>> Property of the week

Western Cape, De Waterkant

Price: R2 950 000
Bed: 3
Bath: 2
Garages 1
360 Degree views that will take your breath away...
CAPE GEORGIAN IN THE HEART OF THE HISTORICAL VILLAGE
..

Search for property in your area

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>> Newsletter from Val Ludgrove Real Estates

Val Ludgrove Real Estates New Offices After 5 years in Noël Center we have decided to shed our old feathers and make a move.
We are not really moving to a new premises. We are relocating to an old one. For those of you that have been with us from the beginning will remember the days when Val worked from her house in 77 Longships Drive. Well…. We will be doing it again! As 77 Longships Drive, Plettenberg Bay.

If you don’t know how to get to us, here’s the directions: make a move.

From the Dolphin circle in town you drive down towards The Beacon Island Hotel. You will get to second circle which you drive straight over. The first road that you get on your right hand side is Longships Drive. Keep straight on that road until you find number 77. Come and visit us. We look forward to meeting you at our new office!

PLETT AIRPORT FLYING AGAIN FROM MAY
New owner of Plett Airport, Willie Malan, is planning a new regional airline connecting Plett with Johannesburg, Cape Town and the Cape Coast. Their first aircraft being the Embraer EMB120 Brasilia - a 30-passenger high-speed plane.

The airline will offer a direct two-hour flight to Johannesburg initially and thereafter a direct one-hour flight to Cape Town and a short hop service to George.

They hope to be up and flying within three months.

REVAMPING OF AIRPORT
Revamping the airport runway alone will cost more than R20-million. Construction of a new terminal,
apron area, navigation tower and air traffic controls
will add at least another R50-million to the bill. Once completed the airport will be upgraded from 4 to 5 status.

HISTORY CONTINUES
Let’s see who visit our Bay and how the different names came about: When Bartholomew Dias spotted Plettenberg Bay in 1488 while exploring the area to find a sea passage from Europe to the East he saw quite a few “lagoons”. Thus the name Bahia das Alagoas meaning “the bay of Lagoons”. About 90 years later Manuel da Perestrello renamed the Bay to Bahia Formosa (the bay Beautiful). Manuel DA Perestrello sailed on the orders of King Sebastian of Portugal. He could not explore the bay to it’s fullest due to our notorious easterly wind that we still experience today.

In our next edition we will explore what happened to The San Conzales that sunk in Robberg Bay.

Article by Val Ludgrove: www.plettenbergbayrealestate.co.za

>> Have fun - Follow with the Colors!

Your March gardening guide

Have you ever wanted to have your bedroom ceiling painted blue with some fluffy white clouds in it? Perhaps it is because you spent time as a child looking at the sky and identifying shapes and forms with a friend or relative. Fond memories often stick in our minds in the form of color.

White is often used to depict peppermint because white always meant fresh for as long as we can remember...

>> Be in the frontline

The New Development Module in CyberAgent has been developed to assist estate agencies to market and sell New Development properties.

This module will enable agencies to add the following information about each and every development:

  • Location information (Province, City and Suburb)

  • Main note / write-up on the development

  • Status of the development

  • Meta keywords for search engine optimization

  • Main picture

  • A picture of the site plan

  • Building specifications

  • Progress reports including pictures

  • Units
    • Unit Description

    • Selling price

    • Square meter

    • Bedrooms

    • Bathrooms

    • Garages

    • Private Garden

    • Other 1 and 2

    • Estimate Levy
    • Panoramic field to insert third party reference

    • Unit status (e.g. Now selling)

    • Unit notes

    • Notes on extras

    • Picture of the unit

    • Floor plan of the unit

    • Linked properties to this unit

    • Unit number

    • Status of unit (e.g. Sold)

    • Link reference to the property in the Property Manager

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

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