Weekly Property News
Friday, 12 March, 2010

Dear Reader

Peter Drucker gave a management tip this week in Business Day; “The most important thing in communication is to hear what isn’t being said”. In our case we should say “The most important thing in communication is to read what isn’t written”. For me this is so true as I’m confused this week. Is it the right time to buy yes or no? The one says yes and the other one says no. Who to believe? Maybe we should forget about if it is the right time to buy and focus on what Andre de Villiers, a Cape Town real estate personality has to say about “Why am I not selling”.

Headlines: One has to remember that hosting a major sporting event - even in the case of an emerging country like South Africa - accounts for only a small share of an economy's total activity, and is very limited in time - barely the kind of event that would normally generate structural shifts in a country's real estate market. Football Scores: World Cup can bring diverse economic benefits

Market news: The average nominal price of houses was higher in all categories in February compared with a year ago, Absa said on Tuesday as it released its house price index. "The average nominal value of homes for which Absa approved mortgage finance increased further in February 2010, with all three categories of housing, as defined by Absa (small, medium and large), recording a positive nominal year-on-year rise in values," said Jacques du Toit, senior property analyst. All houses more expensive

The editor

In This Issue
Featured Property
North West, Potchefstroom, Dam Area

Located in the exclusive Dam area overlooking the Mooiriver...

CyberProp Property Count: 12/03/2010

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Properties for Sale: 127,663
Properties to Rent: 9,841

Local News

Costly house goes ahead

Harare's fallen son won't give up on the Cape mansion that made Mugabe see red

It has cost him dearly: a stint in jail, public humiliation and his job as one of Robert Mugabe's most influential advisers...

USA ability to come out of recession

Mike Greeff, CEO of Greeff Properties, has returned from a eleven day visit to the USA which, he says, has given him total confidence in the USA’s ability to come out of its recession, to revive its residential property market and to start tackling its serious national debt problem in a realistic manner rather than, as before, delaying the evil day endlessly...

Football Scores: World Cup can bring diverse economic benefits

The much-hyped World Cup is nearly upon us. In June and July 32 national teams will be competing in 64 matches, including - and leading up to - the final...

S. African Residential Property Market To Gather Momentum In 2010: Absa

South Africa's residential property market is expected to gather momentum in 2010, a report from Absa Group showed Tuesday. Growth in the nominal value of houses is expected to be around 6% in 2010 compared with 2009...

Business Watch: Spoonful of sugar helps as property loses appeal

A few years ago, when the sugar price was in the doldrums and the property market was ablaze, Tongaat Hulett, with its successful strategy of turning cane land into swanky property developments, was considered a far more interesting bet than stodgy old Illovo with its sugar cane farms...

Capitalise on over-stocked new homes

Property buyers, buoyed by the more positive mood in the market, are finding that there is something of a stock shortage in some respects, even at this early stage of the recovery cycle...

Now is not the time to buy

What drives the market?

In terms of any market, the price is driven by demand and supply. Remember that demand is a function of affordability...

Timeless property tips

From a Grande Dame of South Africa's residential property game.

Joan Richter is celebrating 40 years in the real estate game, as an estate agent, business operator and investor. She shares some insights on selling and investing property...

Building confidence up

The FNB Building Confidence Index (FNB BCI) increased moderately from an index value of 28 in 4Q2009 to 30 in 1Q2010...

Is it time to renovate or relocate?

Lower interest rates don’t always mean that homeowners should upgrade to bigger and better properties. If they have built up substantial equity in their homes, it may be time to access some of it and make alternations or improvements instead...

Cape Town must become more bicycle orientated

With the Cape Argus Pick ‘n Pay Cycle Tour now upon us, anyone out on the more scenic roads of the Cape Peninsula will have realised that cycling mania is once again in full bloom in this area, says Bill Rawson, Chairman of Rawson Properties...

My first house - David Bellairs

David Bellairs is as synonymous to the Cape Argus Pick ’n Pay Cycle Tour as the south-easter is to Cape Town summers. He’s been part of the event’s organisation for the past 20 years. It all began when a friend took a bet with him that he couldn’t finish the race...

Residential property market is emerging from slump

Cape West Coast leads the revival in home sales

Most of the spokespeople for the Cape’s major real estate agencies have in recent weeks reported that the significant indicators (sale prices, sales numbers, length of time taken to sell and attendances at show houses) now confirm that the residential property market is very definitely emerging from its slump...

Bamboo - for internal and external use - is now "in"

One of the stands at the Cape Town Building Centre which has created great interest, says Jamie Heathcote-Marks, General Manager of the centre, is the exhibit showing Easy Décor’s offerings...

Mayor pledges 100k houses

Johannesburg Mayor Amos Masondo on Thursday promised to build 100 000 houses in the next five years...

Focus On

Focus on Vaal Triangle, South Africa

Visiting the Vaal is a unique experience. A getaway from the hustle and bustle of the pressures of city life, from the street corner hassles and the jam packed freeways of modern living...

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In the Area

The areas we are going to take a closer look at this week are;

  • Atholl
  • Amanzimtoti
  • Vaal Triangle
In the area 1 - Atholl

Sandton's gracious Grande Dame

While Johannesburg increasingly succumbs to the neat parcelling of land into complexes and clusters of developers’ dreams, some suburbs remain anachronistically untouched, like a pair of bell-bottoms in a wardrobe full of skinny jeans...

In the Area 2 - Amanzimtoti

Up-country buyers target ‘Toti

Beachfront property in Amanzimtoti on KwaZulu-Natal’s South Coast is again finding favour among buyers from South Africa’s interior regions...

In the Area 3 - Vaal Triangle

Aida makes its mark in Vaal Triangle

Aida National Franchises, South Africa’s oldest real estate franchise group, has opened a new office in Three Rivers to serve property consumers in the Vaal Triangle...

To the editor

What will happen if we encourage the public to purchase property for letting out to tourist during this period? Will it have a positive or negative on the property industry in the long run?

Dear editor;

I have compiled information for you regarding the general rental of units in SA for investors and also the change of the rental income and impact over the world cup period..

Send your viewpoint to news@cyberprop.com

News from Andre de Villiers, Cape Town real estate personality and trainer

Why Am I Not Selling?

Reviewing various agent’s sales performance over the last year shows unsurprisingly that the best agents still rise to the top like cream no matter what the market conditions throw at them. The last 12 months are no exception to this observation...

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