Weekly Property News
12 November, 2010
FROM THE EDITOR

Dear Reader

The most trusted Company in South Africa, who can it be? SAB (South African Breweries) was voted the most trusted Company by various JSE listed Companies out of 120 Companies. The Companies were rated on their reputation against drivers set out by the Fortune 500 Most Admired Company Review and the King III report according to Sarina de Beer, managing director of Ask Afrika.

One cannot help to wonder which Real Estate Company would receive this honor. We are all familiar with the saying that you should never trust your broker, a second hand car dealer and for sure not a real estate agent. It’s time to set the records straight. Send as your nominees for who you think is South Africa’s most trusted Real Estate Company and let’s get South Africa voting.
Follow this link to nominate an estate agency:
http://www.cyberprop.com/nominate.shp

Headlines: The Green Building Council of South Africa (GBCSA) is thrilled to announce that there are now three buildings in South Africa which have been certified under the GBCSA’s Green Star SA rating system, one of these achieving both a Design and an As Built Certification. Four Green Star SA Certifications for Buildings in South Africa

Market news: Gauteng sellers are warned not to try to achieve 2007 prices. “We still have a big deficit to make up. Prices have risen recently – but that was from a lower base than the peaks of 2007.” Is the housing sector recovery a reality

Enjoy!
The editor

In This Issue
Featured Property

Western Cape, Cape Town, Constantia
Pristine home with fantastic views in sought after Duckett Area
Spacious lounge and dining room opening onto the entertainment area and garden...

International News

Hong Kong sets commercial property record

Hong Kong's commercial property prices have soared to a historic high, frustrating state efforts to cool one of the world's priciest real estate markets...


Local News

Property baron sees November rate cut

We are going to see another 0.5% drop in interest rate at the next Monetary Policy Committee meeting to be held next week on November 17 and 18...


Kyk nou opnuut na laer rentekoerse

Hoewel die Reserwebank die terugkoopkoers die afgelope twee jaar agt keer verlaag het en die huisleningkoers gevolglik met ‘n yslike ses persentasiepunte vanaf 15,5% tot 9,5% gedaal het, is talle mense so besig om die gevolge van die resessie te verwerk dat hulle nie die inherente geleenthede in die eiendomsmark raaksien nie...


Is the housing sector recovery a reality

Talking on the subject recently, Louis Taljaard, National Expansion Manager for Rawson Properties (who is tasked with setting up new franchises for the group in six provinces), said that in Gauteng there is now clear evidence of a revival...


The property lifecycle

Understanding the property life cycle can serve as an important investment tool for buyers, sellers and developers in the property market...


Four Green Star SA Certifications for Buildings in South Africa

The Green Building Council of South Africa (GBCSA) is thrilled to announce that there are now three buildings in South Africa which have been certified under the GBCSA’s Green Star SA rating system, one of these achieving both a Design and an As Built Certification...


It's your own fault

Home sellers who don't want to lower their asking price will struggle to make a sale since the debt-ridden South African public will continue to avoid buying high-priced houses...


Disadvantages of owning property overseas

Reinforcing a message recently put out by Rawson Properties Chairman, Bill Rawson, which was mildly skeptical of ‘diversifying’ South African property portfolios into overseas property holdings, Tony Clarke, MD of the same group, said that most South Africans look to the UK for buys of this kind but that market has many disadvantages which have been clearly defined in international property surveys...


Buy or build for yourself

While it is quite understandable that potential homebuyers will always ask themselves the question, “Could I not be better off building my new home rather than buying a used one?”, in the current highly competitive market that proposition is unlikely to be a good one, says Anton Du Plessis, CEO of the Cape estate agency, Vineyard Estates...


Farm Index points to mild weakening

The FNB National Farm Valuations Index suggests that the Farm Property Sector's performance has just started to go off the boil a little in the 2nd half of 2010 after something of a mini-recovery in the 1st half of the year...


Difference between a pledge and a guarantee

Some South African banks have adopted a two phase method of giving approval for a mortgage bond and this is in some cases causing confusion, says Rob Lawrence, national manager of Rawson Finance...


Sect. title: Avoid a mess

Ulrik Strandvik of Grant Gunston Attorneys, an experienced Cape conveyancer, says that buyers moving into what is now the fastest growing sector of the SA residential property market, sectional title schemes, often do so with far too little research and awareness of the potential problems...


Court case could serve as warning against injury claims

There has always been more legal action related to SA’s fastest growing property sector, sectional title, than to other property and a recent court ruling (in the Swinburne vs. Newbee Investments case) has highlighted yet another area in which legal action could now proliferate, says Grant Gunston, senior partner at Grant Gunston Attorneys...


South Africa’s most trusted Real Estate Company

CyberProp wants to know who our subscribers rate as South Africa's most trusted real estate company. Nominate an estate agency by following this link:
http://www.cyberprop.com/nominate.shp

Nominations close on the 27th of November 2010. Voting will open to the public from the 29th.


Focus On

Cape Town, Western Cape, South Africa

Cape Floral Heritage Site

The Cape Floristic Region in the Western and Eastern Cape has been officially recognised as South Africa’s sixth World Heritage Site by the World Heritage Committee...

>> Property in Cape Town
>> Property 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;

  • Alberton
  • West Coast
In the area 1 - Alberton

Alberton: Hub of The South

The Johannesburg town of Alberton, which is situated just south of the CBD, enjoys easy access to all major highways and is about 25 minutes from OR Tambo International Airport...


In the area 2 - West Coast

Conservationists object to property in West Coast estuary

Local conservationists are outraged by the authorities' tardy response to an allegedly illegal house being built on the edge of the Olifants River estuary - widely described as "the jewel of the West Coast...


To the editor

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


News from Grant Gunston Attorneys

SA property law “sound”, says attorney, but you need an attorney who understands it

Although they may from time to time be long delays in property sale and transfer deals, the whole process is commendably sound and tamper-proof, says Ulrik Strandvik of Grant Gunston Attorneys...


CyberProp Property Count: 12/11/2010

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