Weekly Property News
17 August 2012
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

In This Issue

 

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.


News

Ask the Expert: European vs South African property trend

Q: The London property market seems to be slowly and consistently on the up despite the European recession. Do any of the regional or city property markets behave in a similar way in SA?


Property prices fall further

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...


Property companies dump mortgages for cheaper bonds

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...


It's party time for first-time buyers

For those consumers keen to buy their first home, there couldn’t be a better time to take the plunge...


Property now a better investment than the money market and most other equities

The South African Reserve Bank’s decision to reduce its repro rate by a further 0,5% will, says Bill Rawson, Chairman of the Rawson Property Group, speed up the movement of capital from the money market – and cause investors to look harder for better returns elsewhere...


More foreign buyers coming from Africa

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...


Upper bracket areas still overpriced

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...


Market turns for Silver Woods

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...


The homework needs to be done

The decision a property buyer makes today, could affect their financial wellbeing and lifestyle for the rest of their lives...


Regular Home Maintenance Makes Good Sense

In today's economic environment it's truly a privilege to own a home. But it can easily turn into a nightmare without regular and preventative maintenance...


Fences and neighbours

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...


Estate agency sector's higher educational requirements are transforming its image

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...


What a specialised rental agent brings to the party

With the rental market continually gaining momentum and a consistent influx of tenants into the market, there is no shortage of people wanting to rent property...


Remuneration of trustees

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...

Focus On

Brits, North West, South Africa

A fertile, citrus-producing area irrigated by the waters of the Hartebeespoort Dam.

To the South of Brits, beneath a karee tree, the armistice treaty of the Boer Civil War was signed in 1864 and, nearby De Wildt station, a famous speech by General Hertzog in 1912 led to the formation of the National Party...

>> Properties in Brits
>> Properties in North West


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

Search for property in your area

Enter City/Suburb:

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

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...


In the area 2 - Queensburgh

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...


In the area 3 - Southern suburbs

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...


In the area 4 - Plettenberg Bay

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...


To the editor

Share your comments with us by sending it to news@cyberprop.com



Local news continue

Who can be trustees in ST schemes

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...

Top performing Rawson sectional title agent warns that many sectional title schemes are in need of better management

Many sectional title property schemes in Cape Town’s Southern Suburbs – possibly 30% of the total – are so badly managed that instead of appreciating in value year-by-year as they should do in the current high demand scenario, they are actually losing value...


Green buildings to address socio-economic priorities in SA and other developing countries

The Green Building Council of South Africa (GBCSA), in conjunction with the World Green Building Council (WGBC), has announced that they are developing a framework and new rating tool category for green buildings that will make “green” certification ratings even more relevant to the unique circumstances of developing countries...


CyberProp Property Count: 17/08/2012

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Properties to Rent: 10,883

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