Weekly Property News
Friday, 12 February, 2010
FROM THE EDITOR

Dear Reader

Will the Winter Games help or hinder the metropolitan Vancouver real estate market. How will the real estate market be affected? Winter Games' influence on real estate

In South Africa we should be ask the question "Will the Soccer World Cup 2010 help or hinder the South African property market." Opinion is, as always, divided. I suppose in the end only time will tell.

Headlines: Currently the biggest concern around the World Cup and the property industry is the renting out of property. The message is clear “Property owners thinking of letting out their homes over the World Cup period should be sceptical about the rents that some agents are claiming they will be able to achieve – especially if, tempted by the these huge gains, they are holding back on signing satisfactory long term leases right now”. Will astronomical world cup rentals be achieved?

Market news: Home-owners can expect their property values to go up, on average, by about 6% in 2010. That's the expectation from Absa, which has been tracking South Africa's residential house prices since the 1960s. Absa Home Loans senior property analyst Jacques du Toit said on Monday that the upward trend in nominal house prices has been evident since the middle of 2009 and is "expected to gather further momentum" as a result of better economic conditions, the lagged effect of lower interest rates and improving credit conditions for buyers. "Keeping in mind that the positive effect of lower interest rates will gradually wear off towards the end of the year, nominal house price growth of around 6% is currently projected," said Du Toit. Expect to feel 6% richer this year

Enjoy!
The editor

In This Issue
Featured Property
Western Cape, Tulbagh

Tulbach lyfestyle farm with main house and three cottages offering accommodation...

CyberProp Property Count: 12/02/2010

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Properties for Sale: 123,841
Properties to Rent: 9,653

Local News

Will astronomical world cup rentals be achieved?

Property owners thinking of letting out their homes over the World Cup period should be sceptical about the rents that some agents are claiming they will be able to achieve – especially if, tempted by the these huge gains, they are holding back on signing satisfactory long term leases right now...


Expect to feel 6% richer this year

Home-owners can expect their property values to go up, on average, by about 6% in 2010. That's the expectation from Absa, which has been tracking South Africa's residential house prices since the 1960s...


The Top 15 Most Expensive Homes in the World

The homes that make up the top 15 most expensive in the world are real family homes for some but just fantasies for most. Equipped with private cellars, personal leisure centres and all that money can buy these palatial estates are what dreams are made of...


Promises, promises... (podcast)

Chris Drummond, the chairman of Benguela Cove Investments (Pty.) Ltd, discuuses the SARB, and the potential effect of the non-delivery of infrastructure promises on the property market...


Let the ‘trendies’ show you the way

With interest rates low and economic prospects looking better, the number of first-time buyers is rising again. But most are still looking for “bargains” and in this respect they might want to take a tip from best-selling author and motivational speaker Harvey Mackay (Swim with the sharks without being eaten alive)...


Tony Clarke gives seven investment words of wisdom re property

Young expats proving to be a growing force in the property market

Rawson Properties have reported that young upwardly mobile property buyers are now a force in the property market, especially if they are living and working overseas most of the time...


Buyer's remorse is a common but usually short-lived phenomenon

When dealing with inexperienced, nervous and ultra-cautious buyers the estate agents will, time-and-again, come across cases of buyer’s remorse...


Con's home fetches R17m

Constantia's aspiring classes turned up to poke around the belongings of the runaway Baroness Aleksandra von Maltzan and to see if bargains may be had at the auction held to help pay off the debts she left behind...


How to value accurately in today's market

Cape estate agents face a challenge - how to value accurately in today's market.

In the current residential property market, says Anton du Plessis, CEO of Vineyard Estates, it is difficult to give an accurate valuation...


Listen for the sounds of silence…

Most homebuyers keep their eyes peeled when house hunting and are quick to spot visible problems...


Steward defines some of the service factors which make a good estate agent - and urges clients not to accept poor service

One of the main reasons why it will often pay to deal with established large estate agencies is that if you are given poor service you will be able to complain to the management or the principal...


Study title deeds carefully

Title deeds and site diagrams should be part of the agent's fact file - and should be checked for accuracy...


Appointing conveyancers

If the buyer is allowed to nominate the conveyancer, the seller must reserve the right to change this...


Prop Placements now accepted as part of IEA

Prop placements has a vital role to play in the property sector, says Cape Peninsula Committee Chairman...

International News

Winter Games' influence on real estate

Will the Winter Games help or hinder the metropolitan Vancouver real estate market, or hardly have any affect? Opinion, of course, is divided. Who can know the future?


Focus On

Focus on Tulbagh, Western Cape, South Africa

Where is the Tulbagh Valley? The valley has of course existed for eons and has no doubt been inhabited for thousands of years by indigenous San and Khoi peoples. The area was known to be verdant and in it's natural and unspoiled state, was the home to so many of Africa's wild animals living in what was their natural habitat...

>> View Properties in Tulbagh
>> View Properties in the Western Cape


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;

  • Nelspruit
  • Tulbach
  • East London
In the area 1 - Nelspruit

Laid-back lifestyle

The pearly gates, according to Nelspruit residents, is the Strydom Tunnel, the geographical split between a featureless highveld landscape and the lowveld’s lush flamboyance...


In the Area 2 - Tulbach

In the age of ADSL, Wi-Fi and Blackberries the option of working from a remote location has become a reality for increasing numbers of South Africans.


In the Area 3 - East London

Property group Chas Everitt International has opened a second office in East London, indicating its confidence in the strength of the city’s property market...



To the editor
 

Harcourts makes a splash in Durban

From: Munda Willemse

Durban is Heaven on Planet Earth and this city is already competing against top cities of the world, I must say that I am in love with this city. I am a South African living in England and I used to Live in Umhlanga – Durban long time ago and even today I still have the memories of Durban, it is such a nice place I have ever seen, especially the weather in Durban is so nice and warm also beaches to name a few Umhlanga beach, Ballito Beach, Zinkwazi Beach, Umhlali Beach, Tinley Manor Beach, Thompson’s Bay Beach and I had time of my life at Sea Point – Durban. I would love to go back one day and experience the warmth and enjoy being on the soil of South Africa.

Send your viewpoint to news@cyberprop.com


News from the Building Centre

Building Centre is now home to eco exhibit which is set to establish SA's standards using a newly launched eco assessment tool

A new "green" verification and rating assessment process for manufacturers, product suppliers, contractors and subcontractors serving the building industry is being launched this month in Cape Town - with the aim of becoming recognised and used throughout South Africa...

CyberAgent, the real estate software solution

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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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