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I do not agree with Greenspan's view. It allowed him to let the dotcom bubble grow and to ignore the US subprime bubble... |
>> Tito's interest rate shocker |
Today's interest rate decision by the Reserve Bank is likely to rip thousands of rands more from your hands each month. Bank governor Tito Mboweni recently suggested his next interest rate increase could be as much as 2% added to the current 15% prime, but some analysts think the figure is more likely to be 1%. Whether Mboweni decides on a half-a-percent interest rate increase, as he has become accustomed to doing, or making good on his threat of 2%, the effect on your bank balance is going to be ugly... |
>> Near perfect storm in housing |
Stockley explains that it is becoming more expensive to raise capital in response to the global credit crunch, and as a result local banks have to pay more to attract more liquidity... |
>> The next seven biblical years |
This time last year, things looked rosy for South Africa; the countrys top economic experts were forecasting robust growth of around 5% per annum. In their own, December 2007, forecasting publication, property economists Rode & Associates forecast great potential in real office and industrial rents over the next few years, predicting robust demand for office and industrial space that was expected to keep vacancies low and nominal market rentals growing in excess of building-cost inflation. Now things are looking less optimistic: so whats happened? |
>> Light at the end of the tunnel / what goes up, must come down |
>> Rates Absa expects housing market to slow further |
JOHANNESBURG (June 12) - The Reserve Banks Monetary Policy Committee (MPC) today hiked the key policy rate, the repo rate, by 50 basis points to 12%, prompting banks to raise their prime and mortgage rates to 15,5%. Interest rates have been hiked by a cumulative 500 basis points since
mid-2006. |
>> Wife gambles house away... |
Lynne Foord was lucky. Once she bet R10 on the horses and won R9 500. When her daughter Morgen matriculated, Lynne wagered R12 and walked away with R14 000. On another occasion she won R7 000 off a R10 bet. However, when the pension fund administrator died last September of a heart attack, a month before her 50th birthday, her husband Trevor, 55, and daughter Morgen, 22, made a shocking discovery... |
>> Property still in demand |
>> Alternative materials make building sense |
Chris van der Nest, manager of the local Homenet Trio office in Grootbrak on the Garden Route, says alternative materials limit building costs to around R3800/sqm depending on inside finishes, as opposed to R4500 to R5500/sqm for traditional brick and mortar homes... |
>> Voetstoots as it is |
>> Aida set to go extra mile for the Comrades |
The Aida real estate offices in KwaZulu-Natal are going to take their motto of excellent service a step further during the annual Comrades Marathon. The seven offices will be fielding 100 agents and helpers to man stand number 19 at Bothas Hill during this years up run, says organiser Jean Liversedge of Aida Amanzimtoti. Aidas sponsorship of the watering hole forms part of our groups 50th anniversary celebrations and we plan to bring the same dedication to excellent service that marks our dealings in the real estate industry to our ministrations to the marathon athletes, she says... |
>> News from - Chas Everitt International Property Group |
>> Letters to the editor |
Yes the price of houses are dropping. It is becoming seemingly difficult for property owners to sell the property at a higher price as were the case a year ago. Estate Agents make it a point to negotiate the selling price down. It is not viable to market a property at a high price for a longer period where you can advertise it for a lower price for a shorter period. I will not market a property where the asking price is too high as I am going to loose in the long run on advertising costs. Home owners are getting less dividends out on their property investments due to buyers not qualifying for the high prices. Leon Coetzee |
>> Focus on Soweto, Gauteng, South Africa |
Originally there were only temporary living quarters for the mine workers, before Soweto was declared a ghetto for the black population of Johannesburg by the infamous "Urban Areas Act" in 1923... |
>> Property of the week |
Search for property in your area |
>> BetterBond's tips to home buyers and sellers |
How to prepare the extra bedrooms for highest appeal to home buyers Not all homebuyers will have children, so it is important to make a child's bedroom somewhat 'adult-friendly'. If a buyer walks into a bedroom that is painted with pink polka dots and is strewn with toys, they might have a difficult time envisioning the room as an office or a guest bedroom. Since you are planning to move anyway, consider returning the room to a neutral paint colour. If the room is already painted in a neutral colour, make sure all dirty marks are washed off the walls. If there are any grubby marks on the cupboard doors or on the door handles, clean them off. De-personalize and de-clutter your childs room, remove the wild posters from the walls, take the stickers off the mirror and cupboards, and pack away the toys. Remove decorations which might not appeal to most people, from hanging beads in doorways to sport pictures stuck on the wall to loads of trophies. Replace the posters with one or two framed pictures in colours that complement the room. The bed is likely to be the biggest piece of furniture in the room, so you want to position it so it takes up as little room visually as possible, as the extra bedrooms in a home are normally smaller. However, double bedrooms are worth more money than singles. It sounds obvious but if the room is large enough, make sure you have a double bed in it - leave buyers in no doubt! Ideally you should position the bed so you can get in from both sides. This arrangement makes a room feel larger and more balanced and is far better than having the bed wedged in a corner, up against two walls. Potential buyers are confused by extra rooms that have multiple uses. If you only have one extra room and your home is advertised as a two-bedroom home, then make sure the second room looks like a bedroom. Home buyers need to see the room as it was originally intended. Article by: Cheryl Marais Direct Marketing Manager - Betterbond |
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be displayed on the Internet
![]() 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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