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Weekly Property News
Friday, 11 June, 2010 |
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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
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CyberProp
Property Count: 11/06/2010 |
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Local
News |
| Property
market to remain buoyant after the World Cup |
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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...
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| SA
will be a 'house on show' for next month |
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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...
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| Current
prospects for property prices May 2010 |
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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...
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| Smaller
houses in big demand
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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...
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| Should
you invest in property now? |
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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...
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| Buying
a family home |
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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...
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| Advice
to buyers |
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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...
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| Rentals
rising steadily |
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Rents for property managed by residential property
manager Trafalgar are continuing to rise steadily...
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| When
a property forms part of an estate |
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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...
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| The
law of the land |
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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...
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| Remuneration
of Sectional Title Trustees |
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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...
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| 'It's
like a concentration camp' |
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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...
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Focus
On |
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Search
For Properties |
Search for property in your area
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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 |
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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...
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| In
the Area 2 - Bloemfontein |
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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....
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| In
the Area 3- Sandton |
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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...
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To
the editor |
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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.
>>
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