Weekly Newsletter
Friday, 13 October 2006
Property Search | Estate Agents | List your property

Edition 41 of 2006, Friday, 13 October, 2006

Dear Reader

The SA Reserve Bank's (SARB) Monetary Policy Committee took a decision this week to raise the repo rate by 50 basis points to 8.5 percent. Governor Tito Mboweni, addressing journalists following Thursday's MPC meeting, warned that risks to the inflation outlook remained. The increase was in line with expectations and another raise is forecast towards the end of 2006.

Real estate experts said buyers can expect golf properties in Spain to hold their value and, despite a general decline in returns, to increase in value at least 15 percent a year, depending on the development. "I'd say that the golf development investment is the safest in the industry," Maeck said. In South Africa we have seen the same thing happening over the last few years. Golf properties target buyers without clubs

Theodore Roosevelt, one of the richest men of all time made the statement, “Real Estate is the basis for all wealth”. But is a property investment still a good investment?

The town of Vryheid lies southward along the R33 in the valley at the foot of the Zungwini Mountain. It is the centre of coal mining and cattle farming in the district and being an old town with a historical past, there are a number of national monuments in the town. Decisive battles were fought in the vicinity during the Anglo Boer War. Vryheid had a difficult start. After the Anglo-Zulu war of 1879, the British decided to fragment Zululand into 13 petty states. They hoped to control Zululand more easily by reducing the Zulu nation to smaller tribal elements. Focus on Vryheid, Kwazulu Natal, South Africa.

Fall and spring are the best times for planting trees. It is now time to plant those trees before it gets too hot. In Have Fun we take a closer look at how to plant a tree.

The editor

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>> Real Estate News – Golf properties target buyers without clubs

BENAHAVIS, Spain Spread over two valleys in the foothills of the Sierra Bermeja on the bustling Costa del Sol is the Monte Mayor Golf & Country Club, La Perla International Living's flagship resort development in Spain.

Its centerpiece is a challenging 18-hole golf course that many experts consider one of the most beautiful in Europe. Yet the majority of people buying property - about 60 percent - have no intention of ever teeing off...

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>> Is ownership of a property still a good investment?

Theodore Roosevelt, one of the richest men of all time made the statement, "Real Estate is the basis for all wealth".

Currently there is a lot of talk whether property investment in South Africa and also as a whole is still a good investment with advisors having conflicting views.

Some advisors would advice you that if you are already a home owner you should not put your money into more property as you are not diversifying enough. Others say that buying property is one of the safest investments that keep up with inflation...

>> House buying basics

With the interest rate at its lowest for 22 years, many people are thinking about buying property for the first time. However, the complex legal terms, hidden costs and convoluted process can be confusing, so we've put together some practical pointers to guide you through the maze…

>> Focus on Vryheid, Kwazulu Natal, South Africa

Vryheid is located in Zululand in the north of KwaZulu Natal South Africa. Vryheid had a difficult start. After the Anglo-Zulu war of 1879, the British decided to fragment Zululand into 13 petty states. They hoped to control Zululand more easily by reducing the Zulu nation to smaller tribal elements...

View Properties in Kwazulu Natal | View Properties in Vryheid

>> Property of the week

KwaZulu Natal Vryheid

A well established and upmarket guesthouse situated in the heart of the Battlefields Tourist area, with an international clientele, the villa consists of 12 modern guest rooms and a master suite, consisting of lounge and bedroom en-suite.

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>> Vast business park launched in Jo’burg

GROUP Five Property Development Services is launching the R800m first phase of Woodmead Business Park this month. The commercial property development forms part of the massive proposed Waterfall City development, which is the biggest planned development of a single piece of land in the past 50 years in Johannesburg. It will include residential, retail, industrial and commercial space.

>> Banks have two weeks for housing plan

Three major banks have another two weeks to come up with housing development plans for people with an income of between R3 500 and R10 000 a month, so that homes can be built on 42 hectares of land recently earmarked in the city.

Absa Bank, Standard Bank and Nedbank will have to vie to build in the designated areas in Wallacedene, Maitland, Rugby, Ottery, Westlake, Southfield and Langa.

This week, the City of Cape Town gave notice in the press that it was alienating the land and invited comments before October 27...

>> News from - Iafrica

Garages are a waste

South Africans are seemingly fixated on lock-up garages, a tendency which boosts home purchase costs, absorbs land unnecessarily and in many cases actually diminishes lifestyle.

That's the somewhat controversial view of Gerhard Kotzé, CEO of the ERA property group.

"Traditionally, South African homes with three bedrooms and two bathrooms also had a double garage. Lately, however, we have started seeing two-bedroom, two-bathroom homes and even two-bed, one bath homes with garages...

>> Have Fun - How to plant a tree
  • Choose at least a five to six-foot tree grown to nursery standards.
  • Select a site with enough room for roots and branches to reach full size. Avoid overhead and underground utilities.
  • Prepare a planting area as deep as the root ball and three to five times its diameter by loosening the soil. Dig a hole in the middle of the area and set the root ball even with the ground level...

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