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Weekly
Property News
17 August 2012 |
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FROM THE EDITOR |
Dear Reader
Now is the time to buy if you are looking to buy your first home, this according to Rudi Botha, CEO of BetterBond. He notes that the residential property market has reached a stage that occurs only very rarely, in which several major factors are all aligned in favour of first-time buyers.
Adrian Goslett from RE/MAX shares some good advice with buyers in The homework needs to be done. He cautions all buyers that the decision a property buyer makes today, could affect their financial well being and lifestyle for the rest of their lives.
Headlines: In the second quarter of 2012, the figures of foreign buyers were better than a year ago, according to the report. The estimated high was in 2008, before the recession, where 6,5% of all sales were foreign buyers and that the lowest figure had been 2% in late 2010. Read more in More foreign buyers coming from Africa
Market news: The latest statistics from ooba, South Africa’s leading bond originator, show continued year-on-year growth in property prices, especially for first-time buyers, with a simultaneous decline in the size of the deposit required, all of which are positive indicators for the residential property market. Read more in Property prices fall further
Enjoy!
The editor |
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In
This Issue |
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Brits, North West, South Africa
Game Farm: This game farm is on the road to Thabazimbi. Plenty of exisisting game. Lovely wooden houses with amazing views over mountaind and dam.
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News |
Property prices fall further |
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The latest statistics from ooba, South Africa’s leading bond originator, show continued year-on-year growth in property prices, especially for first-time buyers, with a simultaneous decline in the size of the deposit required, all of which are positive indicators for the residential property market... |
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Property companies dump mortgages for cheaper bonds |
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Vukile Property Fund (JSE:VKE) Ltd. is leading South African real estate companies in a record switch out of asset-backed securities as they take advantage of the lowest interest rates in 30 years to refinance more expensive debt... |
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More foreign buyers coming from Africa |
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A recent FNB Property Barometer Survey of Estate Agents from John Loos reports a sign of improved confidence in the African economy, which in turn could be driving an increase in foreign buyers once again coming to the South African market, said Lanice Steward, managing director of Anne Porter Knight Frank... |
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Upper bracket areas still overpriced |
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Second quarter figures on PropStats (the Institute of Estate Agents Western Cape property sales data service) show that some top end properties are still overpriced, with the average listing in the first quarter being 248 days and the second quarter coming down slightly, to 223 days... |
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Market turns for Silver Woods |
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Launched during the sharp downturn in the property market, the Silver Woods Country Estate on the eastern outskirts of Pretoria is now rapidly regaining favour among buyers who prefer building their own homes... |
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The homework needs to be done |
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The decision a property buyer makes today, could affect their financial wellbeing and lifestyle for the rest of their lives... |
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Fences and neighbours |
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From time to time bordering walls and fences will need to be replaced and/or sometimes a buyer moves into his new home and wishes to change the fence or wall... |
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Estate agency sector's higher educational requirements are transforming its image |
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The South African real estate industry has now arrived at a position where most business dealings with its members are far more pleasant and efficient than they were previously and where it can attract highly competent employees and entrepreneurs, says Nancy Todd, the Rawson Property Group’s Business Development Manager for the Western Cape... |
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Remuneration of trustees |
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A regular topic of discussion in sectional title schemes is whether the trustees are entitled to remuneration for their services, says Michael Bauer, general manager of the property management company, IHFM, and the answer is, even though they may spend considerable time on carrying out necessary duties, “No, they are not,” according to Prescribed Management Rule 10... |
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at
this week are;
- Vereeniging
- Queensburgh
- Southern Suburbs
- Plettenberg Bay
In
the area 1 - Vereeniging |
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Vereeniging sees new Chas Everitt license open
As one of SA’s most important industrial and manufacturing centres, the market for property in Vereeniging is lively and is recovering well from the 2009 recession as new employment opportunities are created in its factories and the coal and other mines nearby... |
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In the area 2 - Queensburgh |
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Rental market sees growth in Queensburgh
The demand for rental property has increasingly gained momentum in Queensburgh, KwaZulu-Natal, says Siva Govender, Broker/Owner of RE/MAX Executives, whose office is located in Malvern... |
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In the area 3 - Southern suburbs |
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Southern suburbs sectional title property affordable and in demand
“There is frequently a misconception with those looking for an apartment that Southern Suburbs property is highly priced and often,” said Lanice Steward, managing director of Anne Porter Knight Frank, “this leads to people looking in other areas and not even considering looking in the Southern Suburbs... |
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In the area 4 - Plettenberg Bay |
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If you’ve ever wanted to own a property in Plettenberg Bay, now’s the time to buy one, with the last stands available in the beautiful Schoongezicht Country Estate being sold at half price... |
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Local news continue |
Who can be trustees in ST schemes |
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A common mistake some people make is thinking that trustees in sectional title schemes have to be owners in that scheme, says Michael Bauer, general manager of IHFM, the property management company... |
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CyberProp
Property Count: 17/08/2012 |
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