Weekly Property News
Friday, 11 June, 2010
FROM THE EDITOR

Dear Reader

It’s here! World Cup 2010!

They say that the meaning of “proud” is the “feeling of pleasurable satisfaction over an act, possession, quality, or relationship by which one measures one's stature or self-worth”. Wow!

On Wednesday I truly felt proud of our act, our team that’s OUR possession, the quality of our beloved country South Africa and the relationships that we shared as a nation. A memory that cannot be wiped. Good luck Bafana Bafana! We wish you well.

Back to the property front;

Headlines: With the start of the Soccer World Cup now just hours away, South Africa is looking just like a house for sale about to go on show – all polished up and freshly painted and ready for visitors. “And, if the atmosphere at the warm-up games is anything to go by, those visitors – foreign teams and tourists alike - are going to have an absolutely wonderful time as they are treated to our famous hospitality,” says Berry Everitt, CEO of the Chas Everitt International property group. SA will be a 'house on show' for next month

Market news: Ian Anderson, the chief investment officer of Grinrod Bank told investors attending the Auction Alliance Investor Breakfast Club at One on One Conference Centre in Umhlanga that the 2010 World Cup, had, to a large extent, helped South Africa weather the worst recession in 80 years. There hasn’t been a significant decline in property prices and in his opinion, the South African property market was extremely well positioned at the moment, with interest rates expected to remain stable and no pressure on rentals, Although there are certain problems in the commercial sector, this is the exception rather that the rule. Property market to remain buoyant after the World Cup

Enjoy!
The editor

In This Issue
Featured Property
Mpumalanga, Nelspruit, Sonheuwel

Spectacular Guesthouse with exclusive finishes


CyberProp Property Count: 11/06/2010

Search Now

Properties for Sale: 139,779
Properties to Rent: 10,264

Local News

Property market to remain buoyant after the World Cup

Ian Anderson, the chief investment officer of Grinrod Bank told investors attending the Auction Alliance Investor Breakfast Club at One on One Conference Centre in Umhlanga that the 2010 World Cup, had, to a large extent, helped South Africa weather the worst recession in 80 years...


SA will be a 'house on show' for next month

With the start of the Soccer World Cup now just hours away, South Africa is looking just like a house for sale about to go on show – all polished up and freshly painted and ready for visitors...


Sustainable Development for the World Cup is More than Skin Deep

The FIFA World Cup begins on Saturday and when it does, all eyes in Cape Town, South Africa will be focused on one landmark: the newly-constructed soccer stadium...


Current prospects for property prices May 2010

Talking in the role of keynote speaker at a Rawson Auctions' first multiple auction which was held recently at Kelvin Grove and covered 15 properties in the UCT academic belt, Bill Rawson, Chairman of Rawson Properties, said that now is an excellent time to start building a buy-to-let property portfolio or to be adding to an existing portfolio...


Smaller houses in big demand

Good news for homeowners of small houses who are looking to sell up and buy something larger, is that smaller houses (80m²-140m²) are the strongest growth category in the year-on-year figures, read Upward trend in house price growth continues...


Should you invest in property now?

Until the crash of 2008, South Africans have seen some of the highest growth rates in property prices in the world over the past decade. With real growth in prices being seen again, is now the time to try and make a killing in the property market...


Buying a family home

Whether you're a first-time home buyer or a veteran, buying a home is a complex process, even more so when you are searching for your perfect family home. "But," says Adrian Goslett, CEO of RE/MAX of Southern Africa...


Advice to buyers

Relatively small sums spent on improvements over a period of years can add significantly to the value of a property - and if it is an investment property can be used to leverage increasingly higher rentals as leases expire, said Mike Greeff, Chief Executive of Greeff Properties...


Rentals rising steadily

Rents for property managed by residential property manager Trafalgar are continuing to rise steadily...


When a property forms part of an estate

The holding vehicle for a property can facilitate or complicate the inheritance process and people with the best interests of their heirs in mind should be aware of this, said Lanice Steward, MD of the Cape Town estate agency Anne Porter Knight Frank...


The law of the land

Before committing finance to a property transaction, it is imperative that you are aware of any restrictions that may be imposed on the intended use of the property. So says Peter Gilmour, Chairman of RE/MAX of Southern Africa...


Remuneration of Sectional Title Trustees

One of the reasons why all too often sectional title schemes have trustees that “are not too keen on the job” is that these people are not paid to perform their important task of managing the affairs of the body corporate and sectional title owners tend neither to respect or appreciate their contribution...


'It's like a concentration camp'

Grim rows of grey metal shacks stretch out with military precision in the barren sandy ground.

Residents call it Blikkiesdorp -- "Tin Can Town" in Afrikaans -- a vast, soulless temporary camp for Cape Town's homeless and evicted that has attracted a media spotlight ahead of the Soccer World Cup...


New legislation allows developers to take action against objectors who cause financial loss through groundless objections

Cape property developers, often criticised for insensitivity and for riding rough shod over public opinion, are likely in the coming year to hit back through what is known as ‘vexatious legislation’, says Paul Henry, MD of Rawson Developers...


Focus On

2010 FIFA World Cup™ fever in Nelspruit, Mpumalanga, South Africa

The Mbombela Stadium is one of the newly-built stadia for the 2010 FIFA World Cup South Africa™ and it takes its name from the local municipality which incorporates the city of Nelspruit. Mbombela is siSwati (one of the 11 official languages in South Africa) and literally means 'many people together in a small space...

>> Property in Nelspruit
>> Property in Mpumalanga


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;

  • Paarl
  • Bloemfontein
  • Sandton
In the area 1 - Paarl

Chas Everitt operators have got Paarl covered

The Chas Everitt International property group now has a strong presence in the Paarl / Winelands area of the Western Cape, where four people to date have taken up the opportunity to become Notebook licensees of the group...


In the Area 2 - Bloemfontein

Bloem property on upward trend

Erna Goodes, Broker/Owner of RE/MAX First in Bloemfontein, says the property market is showing definite signs of recovery. She says that while demand remains strong, affordability in terms of bank criteria remains a problem. “However, the prices that are being achieved are continuing on an upward trend....


In the Area 3- Sandton

Reaching for Sandton Skye

The R1,5-billion development Sandton Skye will be a ‘celebratory collection of buildings that will be visual proof of the evolution of Sandton into a first world city’, says Adrian Maserow of AMA Architects...


To the editor

Blog reply:

Title: NEW GATEWAY SET TO REVOLUTIONISE GAUTENG’S FREIGHT SERVICES

From: Len Kline
Looks exiciting!! If will create much needed economic stimulus for the region.

>> Visit our blog

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


News from Institute of Estate Agents
Western Cape

Propstats residential data system offers a new service

The PropStats residential property information database compiled by the Western Cape’s Institute of Estate Agents has been expanded to enable subscribers to search for information via specific names...


News from The Green Building Council

Green Building Council of SA to develop rating tool for Multi-Unit Residential buildings

The Green Building Council of South Africa (GBCSA) has started the process of developing the third Green Star SA rating tool for Multi-Unit Residential (MUR) buildings, and is looking for sponsors for this exciting and necessary addition to the Green Star SA toolkit...

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