Weekly Newsletter
Friday, 14 September 2007
Property Search | Estate Agents | List your property

Edition 36 of 2007, Friday, 14 September 2007

Dear Reader

Twenty20 cricket, a new form of cricket that has the world talking and us South Africans glued to our television sets, but, is it here to stay?

It does not matter in the property industry. What does matter is what is going to happen with the prices of houses.

  • USA - The 2nd quarter update of House Prices in America shows that home prices are definitely falling
  • Spain, France and Ireland - The house price growth is getting weaker in these countries
  • The United Kingdom - Concern is growing that the hot property market is set for a meltdown
  • South Africa - Although August 2007 showed a nominal growth in the prices of houses it was still positive

What do you think, will the price of houses in South Africa fall?

According to a survey of Absa AgriBusiness it shows that land prices in South Africa has increased over the last three years. The increased in prices of agricultural land is closely related to its success in the various provinces and also the type of industry. There is a great demand for vacant land and farms in particular. On www.cyberprop.com we now have 4459 vacant land listings and 1155 farm listing.

The costs of municipal services such as electricity and water are increasing rapidly in SA but fortunately, new technology and common sense can significantly lower property owners’ bills for these services. Read more in 10 ways to cut your utility bills

The Kleinmond area, Western Cape, South Africa comprises Kleinmond, Hangklip, Betty's Bay, Pringle Bay and Rooiels. Popular holiday resorts, ideal for whale watching. Contains Botanical Gardens, Coastal Reserves, Penguin Reserve and others and this is where we will be focusing on this week in Focus on

In our CyberProp Blog we take at why the housing shortage in the northern KwaZulu-Natal town of Empangeni should soon be a thing of the past.

Enjoy!
The editor


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>> Real Estate News - USA - Home Prices Weakest in Decade

Global Insight, the world's leading company for economic and financial analysis and forecasting, today released the 2007 second-quarter update of House Prices in America, the U.S. housing-valuation analysis, which shows the incidence of overvaluation in the nation's housing market continues to decline, the result of falling home prices. Nationally, home prices are up year-over-year just 2.6%, the weakest gain since 1995...

>> Finance
APPLY FOR A NEDBANK HOME LOAN BEFORE 31 OCTOBER 2007
AND YOU COULD WIN R100 000

If you apply for a Nedbank home loan or move your existing bond to Nedbank before 31 October 2007, you will be entered into a lucky draw in which three lucky clients stand a chance of winning R100 000 each. If you are one of the lucky winners you will get to choose the change you would like to make to your home.

Click here for more information.

>> Bracing for a global property shock

Is South Africa immune to international property crisis? What the experts say...

A few months ago, few in South Africa had heard of the United States' sub-prime market. Now it's entered the national lexicon as an increasing number of news reports point to trouble for US property owners.

In the United Kingdom, meanwhile, concern is growing that residential property market there is so hot, it's set for meltdown...

>> Bay housing department under fire

Nelson Mandela Bay. A damning report by the National Council of Provinces says Nelson Mandela Bay‘s municipal housing department has collapsed as a result of internal administrative problems and lack of capacity to deliver efficient and effective services to the people...

>> 10 ways to cut your utility bills

The costs of municipal services such as electricity and water are increasing rapidly in SA but fortunately, new technology and common sense can significantly lower property owners’ bills for these services.

In the most recent Property Signposts newsletter, the Chas Everitt International property group lists the following 10 ways to cut water and electricity bills...

>> Property purchase is the best way to save

If the Reserve Bank is trying to encourage South Africans to save rather than spend, it needs to create a stable environment that encourages the purchase of property, says Niël Cronje, CEO of Engel & Völkers South Africa.

“Six successive interest rate increases, spiking fuel prices and impending increases in municipal rates are creating an unstable environment, that prevents careful and meticulous financial planning,” Cronje says...

>> Love thy neighbour – the laws governing neighbourly conduct

Love thy neighbour – the laws governing neighbourly conduct Since time immemorial we have seen countless dramas unfold due to neighbourly disputes and, as many estate agents will testify, small problems between neighbouring properties can cause larger issues when it comes to the selling of one of the properties in question.

With the increasing trend towards high-density living, brought about through the sheer necessity to fit as many houses into urban developments as possible, we are seeing more and more instances of larger stands being subdivided and homes being built closer together...

>> New proposals on land 'unfriendly to white foreigners'

Johannesburg - Proposals to restrict foreign land ownership in South Africa and to require all landowners, including foreigners, to divulge their race, risk creating the impression of a country hostile to white-skinned foreigners. That was the verdict this week among estate agents and property analysts who reacted with dismay to recommendations contained in a government-commissioned report on foreign land ownership...

>> Focus on, Kleinmond, Western Cape, South Africa

The Kleinmond area in the Overberg district comprise Kleinmond, Betty's Bay, Pringle Bay and Rooiels. It has been a summer resort for farmers from the Caledon and Elgin areas since 1861. In 1948, a town council was elected, a highway constructed and the town developed.

>> View Properties in Kleinmond
>> View Properties in the Western Cape

>> Property of the week

Western Kleinmond

STYLISH THATCHED ROOF HOME IN CENTRE OF TOWN.
Bedrooms: 7
Bathrooms: 5
Garages: 2

Search for property in your area

Enter City/Suburb:
>> From the CyberProp Blog

Relief on the way for Empangeni buyers

The housing shortage in the northern KwaZulu-Natal town of Empangeni should soon be a thing of the past, as several large residential developments on farmland surrounding the town are now well past the planning stages.

“The increased need for secure cluster or complex type living has attracted new developers and there are a number of medium to high-density housing developments already under way,” says Lionel Foster, owner of leading local estate agency Homenet Fosprops...

>> Software at its best!

We are constantly look for avenues to advertise the properties of our CyberAgent users and will continue doing just that. Our newest avenue, www.brabys.com, one of South Africa's top search engines for Businesses, Maps and Directions.

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

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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