Weekly Property News
Friday, 13 August, 2010

Dear Reader

Would you sell your house for R1? What if it’s a burden on you? Well Transnet was negotiating to sell the Blue Train Prasa (Passenger Rail Agency of SA) for a whooping amount of R1 after attempts to sell Transnet’s 100% shareholding to a preferred bidder failed, this after forecasting that the Blue Train will make a loss of R65m in the next financial year. Sometimes we as homeowners also have to think twice about holding onto that property that costs us month after month.

Headlines: Lack of affordable housing is a major obstacle to sustained demand in the housing sector and could lead to the slowing of house price growth to single digits later this year, a property group said on Wednesday. "Without growing demand, price growth will decline," Harcourts Africa property group said in a statement.

Market news: A look at industrial vacancy trends shows that there is, as yet, no need for industrial property investors to panic and make friends with their bankers, according to Bellville-based Rode & Associates. Vacancies have been showing a strong northward trend over the past few quarters — on the back of severe weaknesses in the industrial property market’s two support pillars, namely retail sales and manufacturing activity. Nevertheless, current vacancy levels are still more or less on a par with their 19-year averages. Industrial investors shouldn’t panic

The editor

In This Issue
Featured Property
Western Cape, Paarl, Boschenmeer
Golf Estate, impeccable Grande homestead
Bed 4, Bath 4, Garages 3
Local News

Lack of affordability obstacle to housing demand

One of the mayoral priorities for the present council’s term of office, which will be ending in nine months’ time, is housing...

Government housing evictions to start soon

Evictions from different state houses in the North West province are expected to start some time before August end, the provincial public works department said today...

Industrial investors shouldn’t panic

A look at industrial vacancy trends shows that there is, as yet, no need for industrial property investors to panic and make friends with their bankers, according to Bellville-based Rode & Associates...

SA's fastest rising house price cities

House prices in the cities of Cape Town and Johannesburg have shown the steadiest increase of all the major metropolitan areas in the country since the turn-around from negative growth in the second quarter of 2009...

Self-employed? Get a bond

A growing number of people who are self employed, with incomes dependant on fluctuating commissions, face huge difficulties in becoming homeowners, says Lanice Steward...

Take care when looking for easy finance

With many bond applicants held back by the strict National Credit Act rulings, some will start looking for more easily accessed finance. If they do this they must act with extreme care...

Never too late to Green

One of Cape Town’s Grand Old Ladies - 14 Loop Street – has been given a major facelift, and in the process become one of the city’s first truly iconic green buildings...

Coastal properties could be submerged

Several multimillion-rand holiday homes on the Kwa-Zulu-Natal coast are likely to be severely damaged or washed away in the coming decades unless expensive ocean defences are built to protect them from rising sea levels...

Bergruimte: Huiseienaarsverenigings kan optree

Die wonings in meenthuisontwikkelings en ander omheinde gemeenskappe het gewoonlik afsonderlike motorhuise en afdakke, maar daar is dikwels vraag na bykomende permanente parkering of bergruimte vir sleepwaens, motorfietse, bote en woonwaens...

Temporary relocation: Should you sell or let your home?

In a tight economy employees must go where the work is - but that raises questions about what to do with your property when you are offered a contract in another city or country...

The pitfalls of renting

Property managing agents are these days increasingly asked about the prospects in the buy-to-rent residential property market but before taking any step of this kind the property investor should take notice of the possible pitfalls...

The responsibilities of landlords

Being a landlord entails far more than collecting rental. Adrian Goslett, CEO of RE/MAX of Southern Africa considers the numerous responsibilities landlords face and offers some advice to simplify and streamline the experience...

Serious shortage of estate agents lies ahead

Although many business sectors were hit hard by the 2008-2009 recession and had to make people redundant, possibly no sector lost more staff than those involved in residential property marketing, says Lanice Steward, MD of Anne Porter Knight Frank...

Higher educational standards will transform industry

Another executive in the Cape Peninsula residential property marketing sector has gone on record as saying that the general public still has not grasped just how thorough the comprehensive training for estate agents has become...

Barred from voting

Owner meetings

The right to vote is one of the normal consequences of membership of an association. An owner of a unit in a sectional title scheme is automatically a member of the body corporate and will usually have the right to vote at all of its general meetings either personally, by proxy or through another legally recognised representative...

Dale Capital's chairman says group is committed to further expansion at Shelley Point - and in Mauritius

Recent media reports that some R83 billion is likely to be invested in the Western Cape’s West Coast over the next decade have confirmed Dale Capital’s faith in the future of this region, says Norman Noland, Executive Chairman of the Dale Capital Group...

Focus On

Cape Winelands, Western Cape, South Africa

With its magnificent natural beauty, its rich cultural heritage and its world-renowned wines - the Winelands Region is synonymous with all the best that the Cape has to offer...

>> Property in Paarl
>> Property in the Western Cape

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In the Area

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

  • Paarl
  • Woodstock
  • Fish Hoek
  • Lanseria
In the area 1 - Paarl

Packing for Paarl

Semi-gration has been a word "bandied about" in recent times to refer to people re- locating to a different part of the country as opposed to emigration which refers to those people leaving the country with the intention not to return...

In the area 2 - Woodstock

Woodstock's revival an investment opportunity?

The suburb of Woodstock, just east of the Cape Town CBD, has always being colourful and somewhat defiant. During the years of the Group Areas Act, Woodstock somehow managed to keep its multiracial status and probably set the tone for what has become a bustling little suburb with much attitude...

In the area 3 - Fish Hoek

Rawson Fish Hoek franchise predicts prices throughout area will rise

Rawson Properties' Fish Hoek franchise, which reopened earlier this year under new franchisees Leon Bosman and Cathy Baker, has already achieved a market share of 20%...

In the area 4 - Lanseria

Lanseria Airport to benefit new industrial estate

A new corporate estate that includes more than 160 stands zoned for industrial, office and warehousing purposes alongside Lanseria Airport is likely to be a hive of activity for investors...

To the editor

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News From IHFM

Sectional title levies payable as soon as trustees pass them


Section 37 (2) of the Sectional Title Act, says Michael Bauer in his latest weekly sectional title newsletter on www.ihfm.co.za, General Manager of IHFM, the sectional title management company, states that these are payable immediately following the passing of the resolution by the trustees of a body corporate...

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CyberProp Property Count: 13/08/2010

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