Weekly Newsletter
Friday, 15 April, 2005

Edition 14 of 2005, Friday, 15 April 2005

Dear Reader,

It's down...it's down! Interest rates is down! The Reserve Bank governor, Tito Mbowenie surprised everybody when he announced yesterday a cut in the repo rate of 0.5%. This prompted commercial banks to announce a lowering of their prime lending rates by a margin similar to the SARB's to 10.5%, welcoming news for most South Africans.

House prices recorded an average increase of 8.7% in late 2004/early 2005 worldwide, shows data of the International Real Estate Federation (FIABCI) and Research Worldwide. Bulgaria is standing at the top of the list with a 31% increase and South Africa in second place with 27,8% - House Prices Increase Worldwide, Bulgaria Reaches 31%

In his article this week, The Property Game - Bubble or burst, Dave Welmans gives us a recap on the South African property boom highlighting three major factors that have been driving the SA boom. An article not to be missed and for those of you has not yet been to the shops to purchase Dave's book, go get it! It is worth the reading

George, Western Cape, South Africa - the capital city and geographical hub of the world renowned Garden Route, it is situated in a picturesque environment on a coastal plateau between the Outeniqua Mountain Range and the Indian Ocean, causing the town and surrounding area to have a temperate climate throughout the year - Focus on.

Have fun - and this week we focus on the children. Dad, we giving you tips and a step by step plan on how to build that tree house.

Enjoy!

CyberProp greetings!
The editor

>> Real Estate News - South Africa

Government spending to secure the market

Projections for infrastructure development in South Africa under public and private sector aegis should put any fears for the future of the property market to rest.

Official figures from Government are that developments such as power stations, dams, roads and other transport infrastructure will involve spending of some R107-billion over the next five years...

>> The Property Game - Final Bubble or Bust

Supplied by Dave Welmans www.thepropertygame.co.za

I've examined a number of viewpoints in relation to the possible SA property bubble.
To recap:

" Historically the Chinese Property bubble of 1993 had a few lessons for us. Viz. don't overestimate the emerging middle class and be wary of government intervention that could suddenly cause a collapse - as the introduction of capital gains tax aggravated the collapse in China in 1993...

>> House prices increase worldwide, Bulgaria reaches 31%

House prices recorded an average increase of 8.7% in late 2004/early 2005 worldwide, shows data of the International Real Estate Federation (FIABCI) and Research Worldwide.

According to the survey, which monitors 23 countries on a monthly basis, South Africa at 27.8%, Hong Kong 21.6%, Spain 17.2%, New Zealand 16.4% and France 16.0% top the house price annual percentage change list at present. China, Norway, United States, United Kingdom and Sweden complete the top 10 rankings...

>> Interest-rate cut a "huge surprise"

South African economists have reacted to the South African Reserve Bank (SARB) monetary policy committee's (MPC) decision on interest rates announced on Thursday.

The MPC decided to cut the repo rate by 50 basis points to 7%...

>> The office may yet be a hit with market

ALTHOUGH the office property sector is still lagging retail and industrial properties in terms of total returns, it is starting to recover.

Francois Viruly, property economist with Viruly Consulting, says there could be opportunities for investors in the fixed office property market in the coming year.

According to the latest Sapoa/ Investment Property Databank (IPD) South African property index..

>> Lights on but no one home

Oversupply of top-end cluster homes could see developers in trouble

" ‘The high-priced cluster units will soon be oversupplied, if not already so’"

"‘Normally developers build once the units have been sold but some start building on speculation’"


>> Focus on George, Western Cape, South Africa

The capital city and geographical hub of the world renowned Garden Route, it is situated in a picturesque environment on a coastal plateau between the Outeniqua Mountain Range and the Indian Ocean, causing the town and surrounding area to have a temperate climate throughout the year...

View Properties in the Western Cape | View Properties in George

>> Property of the week

Western Cape, George, Blanco


Bed: 4
Bathrooms: 3
Price: R2 625 000

This B&B is situated directly across from Fancourt. In addition to the main house, there is a 2 bedroom, 2 bathroom cottage with its own entrance. There is also a 1 bedroom cottage currently generating an additional rental income of R3000/month.

Search for property in your area

Enter City/Suburb:
>> Land reform must happen faster

South Africa is looking at tougher measures to speed up land reform - which could include challenging prices that white farmers are demanding to cede their property - as part of the drive to address injustices from the apartheid era, a top official said...

>> Have fun - Building that tree house

Easy-to-Build Treehouse
A structure you can build with your kids in a weekend by David and Jeanie Stiles

This tree house (the one picture is a slight variation to the one in the plans) can be built in just one weekend with a little advance work. It was designed to require as little cutting as possible by using four full sheets of plywood, just as they come from the lumber yard, and one sheet of plywood that has to be cut up into six pieces to form the front and rear walls. (For other tree house ideas, please go to: www.treehouse-books.com.)

>> Software at its best!

CyberAgent - Software for the professional Real Estate Agent

7 Reasons to buy CyberAgent

  • Canvassing made easy! Use data from SAPTG, CyberTrade and the Deeds office to do mail drops!
  • Manage buyers and sellers, sending them birthday cards, emails etc.
  • Manage Properties and print great reports with a click of a button.
  • Keep track of sales related commissions, VAT, outstanding payments and more...
  • Link to your lawyers, send and monitor transfers electronically!
  • Get your own dynamic website linked to CyberAgent. Work OFFLINE!!! Only go online when updating your web site.
  • Great exposure! All properties updated to your site are also send to www.cyberprop.com, www.tiscali.co.za, www.sundaytimesproperty.com, and www.real-estate-south-africa.com and additional advertising on www.msn.co.za

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:
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Gauteng Kwazulu Natal North West Western Cape