Weekly Property News
18 March 2011


Dear Reader

Japan – According to police the number of dead and missing topped 15,000 after last week’s devastating earthquake and tsunami. Thick snow is making it almost impossible for rescue workers to find more survivors. Japan’s property owners have shut some buildings. The Topix Real Estate Index (TPREAL) lost 14% this week.

Over the last few weeks we’ve reported on the proposed toll fees in Gauteng. As from next week the public can participate and let their voices be known via post, e-mail or hand delivery. Premier Nomvula Mokonyane confirmed three more roads would be tolled in the R20 billion road tolling project. It is understood that the second phase will cover 300km and start next year.

Headlines: The latest FNB property survey has confirmed that the low end of the buy-to-let market is the fastest growing sector in property and the one most capable of giving the best returns. "At this rent level, we are typically talking about a factory or municipal worker/artisan who earns R10 000 to R12 000 per month and whose wife earns an additional R5000 to R6000 per month. Tenants such as these have often proved to be the most conscientious and reliable that it is possible for a landlord to find." Terrific low-end yields

An FNB estate agent survey has reported an increased percentage of home owners having to ultimately drop their asking price to make the sale. Quarterly survey shows slight increase in demand, but supply increasing too. More owners selling their homes for less

Market news: Michael Bauer, General Manager of IHFM, has drawn attention to the price analyses in the latest FNB report. These, he said, confirm the generally accepted opinion that not only are Western Cape residential property prices the highest in South Africa but that, if measured on a square metre basis, they are particularly expensive in relation to other areas. Read more in SA's most pricey province

The editor

In This Issue
Featured Property

Western Cape, Cape Town, Constantia
Bedrooms - 5 Bedrooms | 4 Bathrooms
Cape Dutch family home in supberb area! Double volume ent hall, dining room, living and family room both with jetmaster fireplaces. study. 5 Bedrooms, 4 bathrooms (3 en-suite), farmhouse kitchen with solid oak and granite finishes...

CyberProp Property Count: 18/03/2011

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Properties for Sale: 145,566
Properties to Rent: 10,542

Local News

Terrific low-end yields

The latest FNB property survey has confirms that the low end of the buy-to-let market is the fastest growing sector in property and the one most capable of giving the best returns...

More owners selling their homes for less

An FNB estate agent survey has reported an increased percentage of home owners having to ultimately drop their asking price to make the sale...

SA's most pricey province

Michael Bauer, General Manager of IHFM, has drawn attention to the price analyses in the latest FNB report...

Wealthy suburbs show most recovery in price and activity

South Africa's wealthiest suburbs have shown the most significant rates of recovery in house price inflation from January 2009 to June 2010, with the top 15 suburbs recording an average actual increase of 10.4%...

Originators vital to speed up housing delivery

Housing developers will be hard-pushed to meet the huge pent-up demand for affordable homes – and create thousands of jobs in the process - without the help of mortgage originators...

Large spending increases for housing

Government spending on housing and social protection has increased more than any other kind of expenditure since the ANC came to power in 1994, according to the SA Institute of Race Relations...

Choose home contractors with extreme care

A change is as good as a holiday, they say, and this is the thinking behind many homeowners’ decisions to make alterations to their properties...

Make sure you check a property for defects

Although the Voetstoots clause and the introduction of the Consumer Protection Act does offer a certain level of protection to buyers, knowing what danger signs to look for before they sign on the dotted line could end up saving consumers valuable time and money...

Make sure you are covered

Reading the fine print and ensuring that every eventuality is covered in an agreement of sale is one of the most crucial aspects of buying or selling property...

Propell comments on registrar's new directive: that consent is no longer necessary for transfers on forced sales in HOA's

Propell, the levy funding and collection company which has now been taken over by Baedex (to form one group operating under the Propell name), has joined several high-profile companies in the property sector...

Accept pets and prosper

Letting agents in Cape Town have repeatedly told landlords that there is a huge demand for properties in which pets (mainly cats and dogs) are welcome...

Things you must know about Sectional Title

When you buy into a sectional title (ST) scheme, it is important to realise that you are not only buying a home, but also buying into the culture, economic status and rules of the complex...

Know your body corporate rules

While living in a sectional title scheme offers a certain level of security to a safety-conscious South African society, problems can arise if those buying in to this type of investment do not read the fine print of the body corporate rules and ensure that the scheme is in sound financial order...

Service the name of the game in property selling

Tony Clarke, MD of Rawson Properties, in an exceptionally candid and forthright interview with a property magazine, has summed up many of the difficulties and the challenges that face someone considering a career in this field...

Appointing an agent to sell a property

It has been said a thousand times, but it can never be said too often, says Tony Clarke, MD of Rawson Properties, that the average citizen has to be extremely careful when selling his major asset, his home...

Focus On

Somerset West, Western Cape, South Africa

Named after Sir Charles Somerset in 1819, this is a bustling commercial and residential town at the foot of the magnificent Hottentots Holland Mountain Range, still retaining its village atmosphere...

>> Properties in Somerset West
>> Properties in the Western Cape

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;

  • Midrand
  • Soweto
In the area 1 - Midrand

Blue skies and open country

Located on the borders of Midrand, west of the N1 Freeway, via the Samrand Avenue or Olifantsfontein Intersections in Centurion, the Blue Valley Golf & Country Estate is conveniently located midway between Johannesburg and Pretoria.

In the area 2 - Soweto

Soweto property boom dips, but still above average

If you are thinking of buying a home, it might be wise to think again and consider a visit to your bank about its willingness to grant you a bond. The exciting property boom in Soweto appears to be over...

To the editor

Dear Editor,

Thank you very much for a very, very interesting edition of CYBERPROP NEWS LETTER, 11 MARCH 2011. With special reference to your article on BRICS. I personally am involved in the marketing one of our top Mpumalanga Leisure developments to a foreign group of investors from the BRICS who indicated their interest to invest in our country.

I r o the LYNNWOOD property that you kindly featured in the January 14th 2011 issue: I was contacted by a prominent property investor/speculator from PLETTENBERG BAY regarding the property. He resides in both Pretoria and Plett and as a result of his query on the advertisement that was featured in your Feature of the Month column, I have obtained mandates on 2 prime pieces of development land. A game and leisure development in the blue- chip DINOKENG, Limpopo Province and a Retirement Development opportunity in Plett.

Yours sincerely,
Bets Breytenbach-Badenhorst

Dear editor;

How does the upcoming CPA affect property transactions ? What changes need to be made to the offer to purchase ?

From the editor:

For more information on the CAP and the real estate industry read the following article : http://chaseverittnotebook.wordpress.com/2010/10/14/the-cpa-consumer-protection-act-and-typical-property-transactions/

Blog reply:

Topic: Western Cape prices amongst the highest in SA

This is why it's probably a better idea to look at houses for sale in Gauteng - lower property prices, higher pay grades. Nuff said.

Gauteng property mogul

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

News from Aida

Gift of life from red-blooded Aida supporters

The national blood donation campaign being driven by “red” real estate group Aida has so far yielded more than 5300 units of blood for the SA National Blood Service (SANBS)...

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