Weekly Property News
15 June 2012

Dear Reader

Things can only go better now! This according to Eskom. The high tariffs have once again boosted Eskom's profit by 60%. The primary energy costs increased mainly because of higher coal costs, use of electricity from independent power producers and the costs associated with Eskom's demand market participation programme, which includes the power buyback from the major users. Business Day

One thing is for sure, Eskom is not going to run an ill R10 promotion!

Headlines: TAX benefits should not be the main purpose for the creation of an intellectual property holding company, as the South African Revenue Service (SARS) will simply strike such a structure off the table. "The tax tail should not wag the commercial dog," said Okkie Kellerman, tax director at Edward Nathan Sonnenbergs (ENS), the law firm, at a seminar on Tuesday on tax, exchange controls and transfer pricing considerations relating to intellectual property (IP). Tax considerations relating to cross-border IP transactions have expanded, ENS warned. Companies warned about intellectual property and tax

Market news: According to the latest statistics released by bond originator ooba, residential property prices showed positive year-on-year growth of 6.5 percent in May 2012 (i.e. 0.4 percent growth when taking inflation of 6.1 percent into account), making this the seventh consecutive month ooba has recorded an increase in residential property prices. According to the May oobarometer price index the average house price rose to R869,088 from R 816,317 a year earlier. The average purchase price amongst first-time buyers also continues to show a significant year-on-year increase of 5.4 percent to R 645,458, from R 612,489 recorded in May 2011. House prices eke out growth

The editor

In This Issue

Limpopo, Polokwane, Welgelegen
Exquisite home for the discerning buyer!!
Situated in the heart of Bendor/Welgelegen lies this absolute gem. 3 bedrooms en-suite plus 2 more...

Local News

House prices eke out growth

According to the latest statistics released by bond originator ooba, residential property prices showed positive year-on-year growth of 6.5 percent in May 2012 (i.e. 0.4 percent growth when taking inflation of 6.1 percent into account), making this the seventh consecutive month ooba has recorded an increase in residential property prices...

Make land grabs legal - Numsa

The Constitution must be reviewed to allow for expropriation of land without compensation, National Union of Metalworkers of SA (Numsa) general secretary Irvin Jim said on Tuesday...

Companies warned about intellectual property and tax

Tax benefits should not be only reason to create intellectual property holding company, law firm cautions...

Now is the time' to buy South African property

Investors have been advised to act now if they want to take advantage of favourable changes in the property market and purchase real estate in South Africa...

First quarter property sales - pockets of sterling performance

Overall, the Cape Town property market is on a slow but steady path to recovery, with sales in the major metropolitan areas marginally up for the first quarter this year, compared to the first quarter 2011. Some areas, however, turned in sterling performances, says Francois Venter, Director of Jawitz Properties...

Court ruling on strike damage a 'disaster' for SA

Cosatu sharply criticises decision by Constitutional Court to dismiss union’s appeal against law that makes march organisers liable for riot damage...

Dipula acquiring three shopping centres

Dipula Income Fund has announced it's intention to invest nearly R330 million to purchase three shopping centres. Izak Petersen, CEO of Dipula Income Fund, says: “The acquisitions will further our objective to increase Dipula’s retail portfolio exposure to low-income households...

SA's largest penthouse for sale

When it comes to the wealthy, you know you have arrived when you can add a five star luxury hotel penthouse to your property portfolio, says Seeff Atlantic Seaboard managing director Ian Slot...

Fixtures and fittings: make sure it's not on show if it's not for sale

Since the inception of the Consumer Protection Act (CPA) it has become more important for home sellers - and their agents - to be very specific, clear and honest about what they are selling...

The changing and evolving role of property managers

More and more, property managers are working hand in hand with asset managers to add value to their clients portfolios – and in some cases this role is being blurred all together - which also brings the issue of the traditional property management fee into question...

Increased use of email and less contact with agent can lead to problems

The greater use of emailing in all estate agent - buyer -seller communications has perhaps been the single biggest and most beneficial change experienced recently in residential property marketing, given that sellers are often living outside of Cape Town and buyers fly in from other areas, or both parties are busy and wish to do everything in their own time, says Lanice Steward, managing director of Anne Porter Knight Frank...

Basic mistakes made by 'the wrong sort' of estate agent

A fundamental lack of sensitivity and respect for the clients' feelings, opinions and fears lies behind the failure that so many sales people experience when times get tough - and this applies to estate agents more than to any other type of sales consultant, says Tony Clarke, Managing Director of Rawson Properties...

Focus On

Polokwane, Limpopo, South Africa

The Voortrekkers under the leadership of Andries Potgieter founded the original town of Pietersburg on the farm Sterkloop in 1884 providing 150 erven covering 2 200 morgen...

>> Properties in Polokwane
>> Properties in Limpopo

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1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

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Enter City/Suburb:

In the Area

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

  • Mogale City
  • Tshwane
In the area 1 - Mogale City

High-profile buyers target Mogale City

At least R5bn worth of new infrastructure and property projects are on the cards for Mogale City, which is aiming to become one of the top economic growth areas nationally...

In the area 2 - Tshwane

Tshwane has a bold new plan

Tshwane, one of the largest metropolitan areas in SA, is opening a new chapter by developing the municipality into a first-class destination for visitors, investors and residents with a long ranging development vision.

To the editor

Dear editor,

Investment in some property having two sides one is good and another is bad investment. Many investors find themself uncomfortable after investing huge amount in a property without knowing anything about it. Every one whether buyer or seller always like to get the best from his or her property.

Share your comments with us by sending it to news@cyberprop.com

Local news continue

First green tenant for R60 million green building at Route 21 Corporate Park

The Road 21 Corporate Park business development has announced that it has signed its first "green" tenant for a R60 million environmentally friendly building, built during the latter part of 2011...

Green Building Council will host Sustainability director from London Olympics

Hosted at the Cape Town International Convention Centre in October, the Green Building Council Convention is one of the highlights on the SA sustainability calendar. Consistently delivering cutting edge and global best practice in green building, this year's headline keynote speaker is the Head of Sustainability and Regeneration for the London 2012 Olympics...

CyberProp Property Count: 15/06/2012

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Properties to Rent: 11,444

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