Weekly Property News
Friday, 11 September, 2009

Royalty in trouble? Prince Charles found himself in trouble with many British architects as he promotes classical designs over modern “carbuncles”. His hostility to modern architecture but his longstanding design crusade is now drawing accusations of abuse of power. "It is unfortunate if anybody uses their position in public life to exert undue influence on a democratic process such as planning," Ruth Reed told the BBC on Tuesday, the day after becoming the Royal Institute of British Architects RIBA's first female president.

I cannot help to wonder what would happen if President Zuma would speak about architecture designs. Would he be able to charm the architects as he has charmed his wife and nation?

Headlines: Good news for South Africans; the August oobarometer price index recorded an increase in year-on-year house prices of 6.9 percent; Property Slump over

Market update: Although the Reserve Bank’s new mortgage loan numbers remain weak, the mildly diminished rates of year-on-year decline in the value of new mortgage lending indicate a household sector that has begun to respond positively to sharp interest rate cuts. This is good news because almost all the banks have now announced a relaxation in mortgage lending, which bodes well for the property sectorHow a consortium of Malaysian developers is taking the destination to the buyer; New Home Loans show effects of interest rate cuts

Marketing focus: Property websites receive record number of visits. You can nominate our property portal CyberProp.com for the 2009 E-Commerce awards as your favorite property portal. Nominate Us Now

To follow up on their Google mapping Google announced that they are expecting to introduce their Street View option very soon in South Africa. They will be collecting images through Street View cars that are fitted with cameras that records the images as the cars are driving. These images are then put together to give you a “street view” of a specific location. According to Google it has benefits for house hunters. Send your view to news@cyberprop.com

The editor

In This Issue
Featured Property

Free State, Harrismith

Property Type: House | Bedrooms: 7 | Bathrooms: 5

CyberProp Property Count: 11/09/2009

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Properties for Sale: 134,533
Properties to Rent: 10,391

Real Estate News International

Mortgage rates dip, still above record lows (USA)

Average rate for a standard 30-year, fixed-rate loan is 5.07 percent.

Rates for 30-year home loans ticked down for the second-straight week, remaining close to record lows reached over the spring...

Local News

Property slump is over!
The August oobarometer price index recorded an increase in year-on-year house prices of 6.9 percent...

New Home Loans show effects of interest rate cuts
Although the Reserve Bank’s new mortgage loan numbers remain weak, the mildly diminished rates of year-on-year decline in the value of new mortgage lending indicate a household sector that has begun to respond positively to sharp interest rate cuts...

Absa offers 100% home loans

Mortgages of 110 percent are now available to low income earners, ABSA said on Monday as it adjusted its lending criteria...

Do careful sums before adding to your home

Building on a flat or adding a cottage to an existing home has become an increasingly popular idea in recent times, as many families look to reduce living costs by housing more than one generation on the same property, or raise their incomes by taking in tenants...

Bank repossessed properties can make a good buy - but beware the pitfalls says Rawson MD
Great buying opportunities are now available to those who understand the banks’ repossession properties, says Tony Clarke, MD of Rawson Properties...

Sellers of homes – beware

Anton du Plessis, CEO of Vineyard Estates, has pointed out that regardless of how small the balance owing on the mortgage bond might be, if the seller does not give the bank three months’ notice of his intention to cancel his bond...

Should you pay for ‘res’ or buy student accommodation?

Students who choose to study away from home need accommodation, and at this time of the year that always raises the question for parents of whether they should plan to pay for ‘res’ or other rented space, or decide to buy their own student flat or house...

Crime is not a serious deterrent to Hout Bay property sales, say local agents
The spokespeople for several Cape estate agencies have recently tipped Hout Bay as an area in which, now that prices are bottoming out, faster-than-average appreciation can be expected in 2010...

Google's gift to thieves

Close your curtains - Google's new Street View facility is coming to your suburb soon and security experts and civic leaders warn it is a potential tool for criminals and a gross invasion of privacy...

Rezoning of agricultural land still a long - long process - Rawson MD
The uses to which land zoned for agricultural purposes may – or may not – be put has caused considerable controversy, especially in those areas such as Stellenbosch and Franschhoek where agricultural land is deemed to be part of historically significant heritage areas...

Real estate mogul Barak Geffen dies

BARAK Geffen, 35, of the Geffen real estate dynasty, has died.

Barak was the son of Lew Geffen, co-owner of Sotheby’s International Reality South Africa and grandson of Aida Geffen of Aida Properties...

New retail centre management contracts for Spire Property Management

Private client growth on the increase for Spire Property.

Spire Property Management is growing strongly, with the recent securing of eight new management contracts in the greater Cape Town area.

News From

Rama City - Good start for Rama City training programme

The comprehensive training and empowerment programme that is an integral part of the giant Rama City development project is already beginning to produce results...

Focus On

Focus on Wepener, Free State, South Africa

Wepener, on the Lesotho border, is home to the Caledon Nature Reserve. It has many game species and a flourishing birdlife. The town offers various historical and cultural heritage sites.

>> View Properties in Wepener
>> View Properties in the Free State

Chas Everitt Home MakeOver

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;

  • Constantia
  • George
  • Ballito
In the Area 1 - Constantia

Last four month have seen a doubling in property activity in the Constantia Valley, says Rawson MD...

In the Area 2 - George

Luxury sells in George

Homes at the upper end of the market are still selling well in George on the Garden Route, says Gerhard Hoepfner, new owner of the local Aida franchise...

In the Area 3 - Ballito
Things weren’t looking good early this year for Ballito, the town north of Durban made famous a decade ago by the plush golf estate Zimbali...

To the editor

To the editor: Article on retirement destinations

It is such a shame that South Africa is not on the list for preferred destinations for retirement, as our beautiful country has qualities sometimes unappreciated by its resident citizens….. I wish they could leave the country for a while, as we have been forced to do, and then they would be astounded at the high standards both in South Africa’s natural environments, and man-made infrastructures, that we enjoy here…..

However…… the senseless crime in South Africa MUST, and does, have an

influence on foreign investors, especially those thinking of a safe haven in which to retire. I think media tools such as Cyberprop should endeavour to inform the public and the government of facts such as your article . Over and over again….even ad nauseum…. We cannot become complacent or try to mask the problem by never talking/writing about it WHERE IT MATTERS!

Thank you for an interesting magazine, I look forward to receiving it and keeping abreast with property news in SA, in preparation for our re-entry in the new year.

Best regards,
Maria Haenen
Dar es Salaam

From the editor: Thank you for your email Maria. I can tell you that South Africa will welcome you with open arms

Send us your comments to news@cyberprop.com

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