Weekly Property News
15 October, 2010

Dear Reader

In the news: Tokyo Sexwale, the Human settlements minister said that South Africa's economic growth of just under four percent is "insufficient" and should be at least seven percent at the SA Chamber of commerce.

It was also said that partnerships such as the mine rescue operation in Chile could elevate South Africa from a developing country to a developed nation.

The Chile mine rescue operation, rescuing 33 miners after 69 days of being trapped was an extraordinary event witnessed world wide. The South African constuction company Murray & Roberts undertook the biggest rescue operation it has ever done and it's success was a triumph for South Africa!

The editor

CyberProp Property Count: 15/10/2010

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Properties for Sale: 146,334
Properties to Rent: 10,676

In This Issue
Featured Property

KwaZulu Natal, Drakensberg
Over looking Himeville Nature Reserve, Peace Cottage consists of an up market two bedroom, two bathroom house and a double bed roomed self contained cottage with an en-suite bathroom with lounge and sleeper couch that can accommodate a family comfortably...

Local News

SA market witnesses world cup effect

It was marketed as South Africa's opportunity to sell itself to the world - now it seems that UK property hunters looking to move overseas like what they saw during this summer's World Cup, as interest in South African properties is up 48% on a year ago according to Primelocation.com...

849 name changes in 14 years

The SA Geographical Names Council has changed the names of 849 residential areas, suburbs and national geographic places over the past 14 years, says the Department of Arts and Culture...

RE/MAX recognised for its empowerment role

In the 15 years since its inception in 1995 - the same year that the ANC took over the country's government under the leadership of President Mandela - RE/MAX of Southern Africa has been committed to embracing the changes taking place in South Africa, especially the empowerment initiatives of Government...

Trading conditions favourable

Those members of the Rawson Properties head office staff who last week were able to attend a quick review by their Chairman, Bill Rawson, were surprised to hear him make two unexpected statements...

Price data confirms fears

House price growth, while positive, remains below the very strong levels recorded earlier in the year as the residential property market recovery continues to taper off, according to the September results released bond originator ooba...

What’s hot in the luxury home market

Tuscan is definitely out, and clean, contemporary architecture is in, while today’s exacting buyers of luxury homes also want less marble and ceramic tile, and more timber and masonry...

Property's next big thing

There is some good news for the property industry as experts believe the next "boom" might be affordable housing...

Basic points regarding mortgages

Despite South Africa being a country unlike many European countries in which the average middle class person does aspire to homeownership, the actual mechanics and procedures involved in buying a home remain a mystery to large numbers of people, says Tony Clarke, MD of Rawson Properties...

Make sure your buyer has enough cash

With the banks still in cautious mode, home sellers should continue to insist on strict buyer pre-qualification by their agents, especially with regard to the funds required to pay a deposit, as well as the “hidden” costs of property purchase...

Checklist for happy holiday renting

If you’re thinking of renting a holiday home this summer, there are certain essentials you should check out to ensure that you get value for money and a carefree break...

Social media enhances business success

One of South Africa’s sizzling new foodie blogs, www.simplydelicious.co.za, won the title of The RE/MAX Best New Blog at the 2010 SA Blog Awards, held at the One & Only Hotel on 25 September...

Manage your grass the green way

The smell of a freshly mowed lawn is one of summer’s special delights for many homeowners, but figuring out what to do with the grass clippings is often not such a pleasure – especially if you’re trying to live a more “green” life...

Sectional Title News
Why do the STSM and CSOS Bills need to be separated?

On the second occasion when the Department of Human Settlements Portfolio Committee deliberated on the Sectional Titles Schemes Management ("STSM") Bill, on 15 September 2010, the first question to be addressed was the reason why this Bill needs to be separate from the Community Schemes Ombud Service ("CSOS") Bill...

Sectional title industry has cashflow crises

“The South African sectional title industry is in a state of disarray because the members of bodies corporate all too often fail to pay their monthly levies. The industry consists of almost 60 000 schemes which comprise over 800 000 individual sectional title units and at any stage some 20% are behind in their levy payments,” says Charles Coetzee, MD of Stilus, the new levy insurance policy launched by Santam...


Hiss, gush, splash, squelch.... These four sounds are every home owner's nightmare.

When I was young, our geyser burst the night before our family home went on show for the first time..

Focus On

Drakensberg, KwaZulu Natal, South Africa

Ukhahlamba Drakensberg Park

The 243 000ha Ukhahlamba Drakensberg Park is one of South Africa`s prime ecotourist destinations. Here you can savour the ultimate freedom of great open spaces in a world of gigantic peaks and butresses...

>> Property in the Drakensberg
>> Property in KwaZulu Natal

Search For Properties

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;

  • Stilfontein
  • North Riding
  • Bloemfontein
In the area 1 - Stilfontein

First-time buyers target Stilfontein

Stilfontein, and old gold-mining town in the Northwest province, is getting a new lease of life thanks to a supply of good value properties that are attracting buyers from as far afield as Potchefstroom and Johannesburg...

In the area 2 - North Riding

North Riding high sales figures

Although the SA residential property market is still officially in a recession or post-recession phase - with price increases as yet far from spectacular - certain areas, says Tony Clarke, MD of the Rawson Property Group, are flourishing and very definitely bucking the slow sales trend...

In the area 3 - Bloemfontein

Housing development comes alive in Bloemfontein

Bloemfontein is abuzz with new residential development and building activity in response to rising demand for housing in the capital city...

News from Sotheby’s International Realty in SA

Closure of Savile Row Auctions Holdings

Johannesburg - Lew Geffen, chairman of Sotheby’s International Realty in SA, said today the closure of Savile Row Auctions Holdings would have no effect at all on his 30-year-old estate agency business Lew Geffen Sotheby’s International Realty...

To the editor

Hi there

It was interesting to see your comments on agents overseas. I have recently returned from the UK in the last year. I moved there in 2006.

When I was there I applied for a job at Blundells a large Estate Agency in the East Midlands. What was interesting was that they had the agent who did the valuation, the agent who listed the property and managed it and then the negotiating agent when an offer was on the table.

The agents work on a set salary which was then 12 000 POUNDS per annum. The commission that was payable by the seller was then put into the selling office and split between admin staff as well as agents so everybody earned from the sale. Very very different from here and the amazing thing was that no exams needed to be done.

I explained that here we are trained to do all three and write exams, and how did the seller feel about three different agents dealing with their property and how do you build up a relationship with the client? On top of this if an agent meets a prospective client and takes them through the property the seller pays an additional fee each time this happens. Normal practice is that the office makes the arrangements with the seller and the prospective buyer goes through on their own.

Thought this was very interesting but chose to follow a different profession while there.

Regards Kim Finch

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