Weekly Newsletter
Friday, 16 February 2007
Property Search | Estate Agents | List your property

Edition 6 of 2007, Friday, 16 February 2007

Dear Reader

This week the Reserve Bank held its repo rate steady at 9,0%. This was in line with expectations and indeed good news for home owners. But this might not be the case for the rest of 2007. The Reserve Bank warned that it would keep a close eye on the country’s rampant consumer spending.

Ever heard of the UHNWI's? Well these are 4000 predominantly bankers, lawyers, traders, 23 billionaires and super wealthy non-domiciled foreigners who have London's property prices to yet another level. Real Estate News - London's most expensive apartment US$ 164m!

Singapore experienced Asia’s highest residential property price increases during 2006, with 9.5% real (inflation-adjusted) house price rises. There were also 9.3% real house price increases in South Korea, and 9.1% real house price increases in the Philippines. These were seen in the Global Property Guide House Price Indices, the biggest collection of residential property price indices.

Crime, while unquestionably top of most buyers minds, is not affecting the pace or volume of residential sales, but remains a key driver among people relocating into apartment living, secure estates and gated villages, according to a Sunday Tribune Property Guide survey among some of Durban’s leading estate agencies this week. Durban's sales volumes unaffected by crime level

Stained glass windows will brighten your day and stir your soul. We share some tips on how to make stained windows. Have Fun

Enjoy!
The editor


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>> Real Estate News - London's most expensive apartment US$ 164m!

London’s ultra-high-net-worth individuals (UHNWIs) are driving house prices up the roof. These 4000 UHNWIs who are predominantly bankers, lawyers, traders, 23 billionaires and super wealthy non-domiciled foreigners have taken London property prices to yet another level.

Four Hyde Park facing penthouse apartments located on the exclusive address of Number One Hyde Park are reported to have been sold at an off plan sale price for a record £84m (US$164m) each...

>> Higher interest rates spur the residential letting market

THE residential rental market has started the year with a bang as higher interest rates make renting a more attractive option than buying for many people.

Raal Nordin, CEO of Just Letting, a residential letting company with 80 franchises nationwide, says last month was its best to date. His company signed 1500 leases countrywide. Just Letting operates in the higher-end R4000-R5000-a-month rental market...

>> Durban's sales volumes unaffected by crime levels
Rodney Hayter

Crime, while unquestionably top of most buyers minds, is not affecting the pace or volume of residential sales, but remains a key driver among people relocating into apartment living, secure estates and gated villages, according to a Sunday Tribune Property Guide survey among some of Durban’s leading estate agencies this week...

>> CT City could enter bond business

The City of Cape Town would pursue the option of issuing its own municipal bonds as an alternative source of capital funding, the city announced on Wednesday.

"The Finance Portfolio Committee has now asked the City's Treasury Department to initiate a process to establish a five year Domestic Medium Term Note (DMTN) programme which will lead to the eventual issue of City of Cape Town municipal bonds, City of Cape Town mayoral committee member for finance Ian Neilson said in a statement...

>> Focus on Hartbeespoort, North West, South Africa

The Hartbeespoort Dam, surrounded by the majesty of the Magaliesberg mountain range, is a popular destination for weekend getaways or day trips. All water sportsmay be enjoyed including para-sailing, windsurfing, water and jet skiing.

>> View Properties in the North West
>> View Properties in Hartbeespoort

>> Property of the week

North West, Hartbeespoort, Caribbean Beach Club

A house for the first class entertainer. a 180° dam view property, with entertainment areas wooden decks, a swimming pool, a jacuzzi, 3 bedrooms, study 3 bathrooms, exquisite finishes, fully furnished.

Bedrooms: 3
Bathrooms: 3

Search for property in your area

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>> Care centre residents face eviction

In a twist of irony, deputy mayor Logie Naidoo threw a birthday bash for underprivileged children a few days ago, while the municipal real estate officials were preparing to evict an Austerville charity from council buildings.

Concerned volunteers of the Sizani Care Centre, which feeds more than 600 underprivileged school children and 400 impoverished adults each week, have vowed not to move from their humble council owned buildings in Tifflin Road in Wentworth.

>> Have Fun - Easy stained glass windows

1) I've found a great way to make stained glass windows. On the Building Plans page I've added a color page of stained glass...

>> News from - International Housing Solutions

More than R7bn of international investment funding could soon be pouring into the provision of affordable housing in SA and other African countries as a result of initiatives by International Housing Solutions (IHS), which recently opened its Africa head office in Johannesburg.

The company is a joint venture between MuniMae, a leading provider of debt and equity financing for affordable housing in the US, and top Irish property group Howard Eurocape. Prominent investors are its CEO Cathal Conaty and Howard Eurocape chairman Frank Gormley...

>> Trendy new offices for boom town

Nelson Mandela Bay is undergoing a major facelift, with developers working around the clock to deal with huge demand for trendy new office space - the result of the city experiencing its biggest business boom ever, say experts.

But the trendy new office space doesn't come cheap at R10 000/m² and more.

There are four major "grade A" office block developments going up around the city and due for completion between the end of this year and the last quarter of 2008...

>> Four months to go to the largest worldwide real estate exhibition - SIMA07.

The ninth edition of the Madrid Real Estate Exhibition, taking place from 29 May to 2 June, will cover a total of 100 000 square meters. SIMA’s International content will be distributed in two areas: SIMA’s Hall I (International Institutional and Investment Pavilion, and SIMA’s Inmotur (International Holiday Homes Pavilion), an area devoted to second homes in foreign countries where hundreds of property and property related exhibitors from more than 20 markets will participate...

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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


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