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

Edition 10 of 2007, Friday, 16 March 2007

Dear Reader

Let's have a quick look at this weeks' newsletter content:

  • The latest in the SA Land Reform saga
  • We look at the common financial mistakes home owners make
  • Will SA hold the top International spot as best property performer
  • SA's properties voted sexiest
  • We focus on Sasolburg this week
  • We look at how 'reckless lending' from the banking industry is concerning the property market
  • We look at the highest priced apartment in South Africa - guess who sold it?
  • We have fun in the garden - preparing for Autumn
  • ... and lot's more!

The editor


>> Real Estate News - South Africa seeks buying rights for land reform

South Africa wants the state to have the first opportunity to buy property entering the market to help speed up the redistribution of white-owned land to blacks, a newspaper reported on Wednesday.

Whites still own over 90% of commercial farmland in South Africa, more than a decade after the end of apartheid...

>> Five tips to take the sting out of owning a home

GIVEN that the average house price is closing in on R800000 and that most people take out a hefty mortgage bond to buy their home, it’s startling that many of us waste money through simple oversights.

Nearly everyone can save money on a bond if they avoid these five mistakes...

>> Will South Africa hold on to top spot?

The property industry finds out next month whether or not SA property investment will hold onto its position as the global top-performer, with the much-anticipated launch of the 2006 Sapoa/IPD (Investment Property Databank) Property Index on Tuesday 03 April.

SA has attracted increasing attention internationally, thanks to the high returns posted by property in recent years. In 2005, the Sapoa/IPD Property Index showed that SA outperformed high-activity markets like Canada, Ireland and the UK. SA was in fact the only market in 2005 that achieved total returns in excess of 30%.

The million dollar question now is: can SA sustain its global first-place ranking in 2006, and sustain total returns at historical highs?

SA is up against some tough contenders.

The IPD has already announced the 2006 results for Denmark (17.8%), Canada (18.6%), and the UK (18.1%). Ireland, which posted total returns of 27.2% for 2006, will be the one for SA to beat.

"SA's 2005 results were not only the highest globally, but also the highest in the 11-year history of the IPD/SAPIX in SA," explains IPD SA research manager Kgaogelo Mamabolo.

"The question in our minds is this: can we see SA's returns go higher? Or was 2005 the peak of the current property investment cycle?"

Article from: www.eprop.co.za

>> SA property voted sexiest

SA properties have taken centre stage at this year's Mipim summit, probably the world's biggest property show. Three of 15 projects chosen by judges to be featured out of hundreds are local.

Mipim organisers are tight-lipped, but the FM understands that Blythedale, the KwaZulu Natal north coast development by the Elan group, is one of the chosen projects. The other two are property funds...

>> Focus on Sasolburg, Free State, South Africa

Sasolburg is situated in the northernmost corner of the Free State Province on the southern banks of the Vaal river, and forms part of the Vaal Triangle (Vanderbijlpark, Vereeniging and Sasolburg regions)...

>> View Properties in the Free State
>> View Properties in Sasolburg

>> Property of the week

Free State, Sasolburg

Bedrooms 5.00
Bathrooms 3.50
River view Includes 14 seater boat with gas braai 30 m from river Jetty Boathouse

Search for property in your area

Enter City/Suburb:
>> Reckless lending concerns property market

Johannesburg - South Africa should look to the lessons of the US housing correction to avoid poor lending practices locally from knocking economic growth and stability, according to market analysts.

"While South Africa has been applauded for having one of the most sound and transparent banking systems around the world, it can be criticised for the less prudent lending practices banks have adopted lately," analysts at Econometrix Treasury Management (ETM) said on Tuesday...

>> Have Fun - Preparing your garden for autumn

As summer turns to autumn, your garden will probably start looking pretty tired and will need a splash of color as you head into winter. Before we discuss adding color, let's talk a bit about cleaning it up for the autumn and winter months.


Cleaning up the garden in the autumn is about a lot more than just making it look tidier. If you do just a few extra things as you clean things up it can make a big impact on your garden next year...

>> News from - Rodney Hayter
Rodney Hayter

Sotheby’s sells “highest priced apartment in South Africa”

(Cape property) A four-bedroom apartment on Clifton beach in Cape Town, has been sold for R34 million to a prominent UK businessman.

The 500 sqm sectional title unit sold by Gayle Bowey of Lew Geffen Sotheby's International Realty, Atlantic Seaboard, is in ‘Eventide’ on Victoria Road, Clifton...

>> Big guns lose battle for Buffalo City

The race to build Buffalo City's (East London) first regional shopping centre has finally come to a head with black-owned property developer Billion Group emerging as the front runner.

Following months of uncertainty about which one of four proposed regional malls would eventually see the light of day, Billion development manager Warren Rovelli last week confirmed that earthworks for its Hemingways Mall have commenced. The 72 000sq m shopping centre will be built next to Tsogo Sun's Hemingways Casino, alongside the N2 highway in East London.

>> Three 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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