Weekly Newsletter
Friday, 15 December 2006
Property Search | Estate Agents | List your property

Edition 50 of 2006, Friday, 15 December, 2006

Dear Reader

2006! And our last property newsletter for this year.

A big thank you to all our suppliers of property related articles. Without them this newsletter would not have been possible. This week we bring you highlights from all of them

A big thank you to our sponsors and advertisers!

A big thank you to our webmaster for putting it all together!

And lastly a big big thank you to all our readers for your support, comments, requests and subscription referrals!

May the Spirit of this Season

fill your life

with Joy and Smiles!

The editor


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>> Sunday Times - Cape Town’s lucrative holiday rentals

Foreigners are once again expressing keen interest in renting property on the Atlantic Seaboard in South Africa this festive season and are prepared to pay as much as R21,000 a day for certain exceptional properties for the privilege.

As the festive season approaches, many home-owners in popular beachfront areas of Cape Town may, as a result, be contemplating whether a small fortune can be made by renting out their homes for the peak holiday season...

>> Business Day - Residential market still a strong bet

REAL estate agents are expecting the residential property market to deliver a solid performance next year. Although the heady days of late 2004 — when property price growth peaked at more than 35% year on year — will not be repeated, estate agents are upbeat about property prospects.

Seeff Properties chairman Samuel Seeff thinks the market will have another good year “across the residential market”...

>> Iafrica - Land ownership: There's more to come

Government may have backtracked on recent threats of controlling foreign land ownership in the country, but concerns have been raised as to what else may be in the pipeline, as well as the impact of the comments on foreign investment.

Steve Powell and Mike Ryan of internationally-owned but locally-based Kingfisher Developments say it's not the first time government has threatened to restrict foreign land ownership, only to subsequently retract the comments, as this happened some nine months ago...

>> Rodney Hayter - Edgemead edges up in buyer popularity

Cape - Propety
Drawn by the town’s neighbourly warmth, its almost non-existent violent crime and s central proximity to Cape Town it appears there is no shortage of buyers for Edgemead homes.

But, says Ryan Simpson of Cameo Estates, they are no longer prepared to over-pay for the privilege of living in the garden suburb and are focused strongly on “best value for money.”...

>> Moneyweb - Property scheme raises warning flags

A scheme doing the rounds promises to build up a passive income of R168 000 within one year. All that’s required is a monthly salary of R7 000 and a clean credit record.

“To qualify for this opportunity, all you need is a clear credit record and to be able to prove that you have a stable income of R7 000 per month or more,” reads an e-mail distributed by Optimum Financial Services, an entity authorised by the Financial Services Board (FSB) to sell financial products...

>> Financial mail - What the experts want

Investors in Cape properties are spoilt for choice, with a wide range of juicy developments being launched over December.

The FM selected four and asked seasoned property investors to rate them. We then asked them whether they could recommend an even better investment.

>> Homenet Property Group - Holidaymakers stream to Hibiscus Coast

An extensive selection of short-term accommodation to let is one of the main reasons for the perennial popularity of the KwaZulu-Natal South Coast among festive season holidaymakers.

“There is genuinely something to suit every preference and every pocket,” says
Des Robb, principal of the Homenet offices in Pennington and Scottburgh, “from upmarket hotels through cosy B&Bs to an incredible range of self-catering chalets, flats and houses...

>> Nationlink Property Group - Be cautious of property defects

A home defect that only becomes apparent after an offer to purchase has been made will obviously come as a major disappointment to the buyer, who may have spent months looking for his “ideal” home. But it may not necessitate financial hardship, or cancellation of the deal.

“Even at this late stage, all is not necessarily lost,” says Dr Piet Botha, chairman of the Nationlink estate agency group.

"Bearing in mind that the sellers are probably just as anxious as the buyers to see the home transferred without any hitches, they may still be prepared to negotiate an adjustment of the price, or perhaps to pay for the newly-discovered defect to be repaired.

“Most will realise that if the current buyers pull out of the deal, they will have to disclose the now-known defect to any future buyers, and will thus probably achieve a lower sale price anyway.

“And most will definitely not relish the prospect of the legal action the buyers could instigate if they believe the defect was deliberately concealed from them in order to secure a higher offer.”

Botha warns, though, that the scope of the problem may be bigger than initially thought, and that a need for additional work may only become apparent once repairs have begun. “Thus the buyer who agrees to go ahead with the purchase at a lower price will have to be satisfied that the saving will cover the cost of all the work that needs to be done."

>> Chas Everitt International - What to do about veld fires

Runaway veld fires are a major worry these days not only for farmers and foresters but also for an increasing number of people who own holiday homes in the countryside, and with much of SA being very dry currently, there is a serious fire hazard in many areas.

But, says Berry Everitt, MD of the Chas Everitt International property group, there is much homeowners can do to protect their properties, starting by removing or cutting back all combustible material to create a safety zone of about 20 to 30m around the home...

>> ERA Property Group - Don't kill the property golden goose

The SA property market has this year seemingly achieved the "soft landing"

that many commentators suggested would be the ideal scenario after an unprecedented four-year boom - but some stimulatory measures may now be necessary to prevent an over-correction.

So says Gerhard Kotzé, CEO of the ERA South Africa property group, who believes it is now seriously worth looking at the merits of "de-linking"...

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We bring you all the popular travel destinations, South Africa hotels, game reserves, South Africa tourist attractions & South Africa accommodation you will need to plan your South African holiday.

Find rental cars, flights, South Africa tour packages, exchange rates, South Africa adventure travel & more.

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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