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Weekly Property News
Friday, 15 January, 2010 |
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FROM THE EDITOR |
Dear Reader
One thing was clear after last week’s newsletter, 2010
is set to be one of the most historic years in the history
of South Africa. All we must do is to capitalize from it.
Headlines: John Loos, property strategist FNB
Home Loans; the value of your house that is most properly
your biggest asset fell by about 4% in 2009. 2010 and this
year your asset will work better for you. "Bad news first.
The FNB House price Index showed the average house price for
2009 declining by -3.9% for the year as a whole, when compared
to the average price for 2008. The good news, though, is that
late in the year the index was firmly on an improving trend,
with December 2009 showing further rise in year-on-year house
price inflation to record +2.7%". House prices
recovering
Market news: One of the most positive aspects of the
SA property market right now is the decline in the
number of homeowners planning to emigrate. This phenomenon,
identified in research by FNB, arguably accounts to some extent
for the current upturn in the fortunes of the market says
Colleen Gray, MD of CENTURY 21 South Africa, in that there
are fewer desperate sellers. Drop in emigration sellers positive
for SA. Drop in emigration sellers positive for SA
Even though there are a lot of rental properties available
at the moment, finding a quality affordable apartment can
be a daunting task. However, says Berry Everitt, CEO of the
Chas Everitt International property group, there are things
you can do to make the search easier, starting with some “scouting”
to see what areas appeal to you and will fit your lifestyle.
How to choose a rental property
Thank you! Lew Geffen Sotheby’s International
Realty Knysna along with Mugg & Bean Knysna would like
to say a huge “Thank You” to the generosity shown
by the Knysna community in helping make this last Christmas
a extra special one for hundreds of less fortunate children.
Enjoy!
The editor
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CyberProp
Property Count: 15/01/2010 |
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Real
Estate News International |
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Local
News |
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If all is chaos, what then? |
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What investment strategy looks appealing for
the rocky year ahead?
PHILADELPHIA - Twenty-ten won't be an easy year,
but if you're sensible, it could still be a lucrative
one...
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| High
demand for homes close to good schools |
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Emigration may have slowed, but there’s
still a lot of “edugration” going on
in SA and it can be expected to increase as parents
do their best to get their children into good
schools...
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| SA
estate agents take more than 3 months to sell a home |
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But "property sales activity" is up
dramatically
RE/MAX offices in all nine provinces participated
in a national survey investigating national property
sales activity and the current state of the South
African real estate market and report the following...
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| How
to choose a rental property |
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Even though there are a lot of rental properties
available at the moment, finding a quality affordable
apartment can be a daunting task, especially if
you’re a student or a young professional
starting out on your own and renting for the first
time...
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| Lanice
Steward questions wisdom of going for short term world
cup rentals |
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While the business community - and the tourist
industry in particular - continues to welcome
and promote the 2010 World Cup hype, this is leading
to a potential over-supply situation in the short
term residential rental market, says Lanice Steward,
MD of Anne Porter Knight Frank, the Claremont
headquartered estate agency...
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| OK
to pay trustees? |
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Question:
The trustees in my block have decided to pay themselves
a salary after the managing agents assured them
that this is legal as long as 75 percent of the
members agree...
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| Rama
land ready for development |
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Members of the Rama community are celebrating
the recent conclusion of the town planning process
that means their ancestral land, which lies 22km
to the north-west of Pretoria, has successfully
been re-consolidated and renamed Rama City...
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Pretoria’s Moot
- Cape Town
- Camps Bay
| In
the Area 2 - Cape Town |
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Visiting Dutch student says Cape Town "has
it all"
A Dutch student, Erik van Egmond, who is studying
for a Bachelor’s degree in property at Groengen
in Holland and who has joined Greeff Properties
for a three month internship, says that four aspects
of the Cape Town property operation have impressed
him...
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| In
the Area 3 - Camps Bay |
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JSE shares vs Camps Bay flat: Which is best?
The long-running argument as to whether property
or the stock exchange gives the best returns was
one of the topics raised at an early 2010 planning
meeting at Greeff Properties...
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News
from Sotheby’s International Realty Knysna |
| Sotheby’s
International Realty Knysna Christmas Toy Drive
2009 |
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Lew Geffen Sotheby's International Realty
Knysna along with Mugg & Bean Knysna
would like to say a huge "Thank You"
to the generosity shown by the Knysna community
in helping make this last Christmas a extra
special one for hundreds of less fortunate
children...
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To
the editor |
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2010! It’s predicted that it will be the year
of the steel as the outlook for the global steel industry
is looking very positive. Let’s hope that we can
change it to the year of the property industry.
Share your comments with us by sending it to news@cyberprop.com
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