Weekly Newsletter
Friday, 18 May 2007
Property Search | Estate Agents | List your property

Edition 19 of 2007, Friday, 18 May 2007

Dear Reader

Property Investment in South Africa is HOT. We have specifically seen an increase in the number of British buyers looking to invest in property in South Africa as investors are looking at locations outside Europe. No longer is it the South African expats that are the regular buyers. Will the hosting of the Soccer World Cup in 2010 boost the property industry even more?

"We want to make the centre of the city the heartbeat of the whole region," says Andrew Boraine, CEO of the Cape Town Partnership, a joint public private venture. "There need to be people living here, not just working here." And he is getting his wish. Some 3,000 new inner- city apartments have come on the market in the last six months, at an average price of 800,000 rand (about £60,000).

Are you looking for;

  • a private island in the Bahamas?
  • a beachfront in South Africa?
  • a castle in Slovakia?

EPEC 2007 OPENS ITS DOORS IN 1 DAY - the only Exhibition focused exclusively on UK and Overseas Executive Property, to be held at ExCeL, London this coming Saturday & Sunday, 19 - 20 May. EPEC 2007 www.epec2007.com is an absolutely unique property exhibition for the most discerning of property investors to view some of the finest property in the world.

Homeowners who find themselves in a bit of a financial squeeze now because of the higher interest rates should think twice before they react by putting their homes on the market. Don't be too hasty about selling is the warning from Berry Everitt from Chas Everitt.

Historical Town with its dangerous coastline - 250 vessels and 2500 people lost in its waters down through the centuries. Focus on Bredasdorp, Western Cape, South Africa.

The editor


>> Real Estate News - A country that's got a lot of bottle

South Africa's future is looking brighter, says Max Davidson

Wine-tasting? Bird-watching? A round of golf? A chukka of polo? A ride in a gondola? You name it, South Africa has it. Was it really only twenty years ago that this was a pariah state?

Things are happening so quickly that it can be hard to keep up...

>> Sanlam - Thinking ahead in financial services
A Sanlam home loan gives you much more than just money for a bond. It's the chance to enjoy considerable benefits like:
  • saving up to 2% on interest rates when you take out a loan,
  • a 50% discount on bond registration costs,
  • the option of paying the remaining 50% upfront or over the term of the loan,
  • the opportunity to use the money to restructure your financial planning, and
  • the chance to use the cash for home improvements you've always wanted.

It's never made more sense to switch to Sanlam.

>> Central Jo’burg residential block reported sold out in three days

DEMAND for residential units in Johannesburg’s inner city continues to be strong.

Aengus Lifestyle Properties, a joint venture between listed property company ApexHi and Aengus Property Holdings, says there was a massive response to its recent offer to sell units in its Lofts@66 residential development on the corner of Smal and Pritchard streets. The units were sold out in three days...

>> Cool off - it's good for you

Cooling house prices are forcing sellers to lower their prices, which could be a very good thing, not only for buyers and the property market as a whole, but also sellers...

A dip in property price growth throughout the country is forcing sellers to moderate both their initial expectations and their final selling prices.

"Up to 70 percent of sales in all sectors are currently being concluded at lower-than-asking prices," says Mike Bester, CEO of Realty 1. But this is not a reason to worry, as the lower prices will create "a more sustainable market going forward", he adds...

>> Gogo Nkosi gets her dream home at last

After waiting all her life, 107-year-old Liesbet Nkosi will now sleep in a house she can proudly call her own - and so will her 81-year-old daughter.

In a ceremony on Wednesday, the great-great-grandmother and her daughter were handed the keys to their two new houses at Chief Luthuli Park in Benoni...

>> Focus on Bredasdorp, Western Cape, South Africa

Historical Town with its dangerous coastline - 250 vessels and 2500 people lost in its waters down through the centuries.

The tragic history of the Agulhas coastline is dramatically evoked at the Shipwreck Museum, situated in the south-western Cape town of Bredasdorp, 30 km from the coast.

>> View Properties in the Western Cape
>> View Properties in Bredasdorp

>> Property of the week

Western Cape, Bredasdorp

QUIET MY FAVOURITE PROPERTY! FEATURED IN BOTH THE TOP BILLING MAGAZINE & THE TV PROGRAMME. This property is absolutely irreplaceable in terms of position and special features. One family owned this “BEST ADDRESS” property for 160 years and the original owners used to travel by wagon the L'agulhas coastline whenever there was a shipwreck to salvage the exotic wooden beams from the sinking ships...

Search for property in your area

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>> Foreigners shy away from listed property

Commercial property needs to be taken out of the hands of government, private investors and listed - Nedbank property finance.

Listed properties make up less than a third of South Africa's total commercial properties and it is not enough to attract foreigners to invest in the property market.

This is according to Norbert Sasse, Growthpoint CEO, speaking at the South African Property Owners Association (Sapoa) annual convention...

>> News from - Chas Everitt

Don't be too hasty about selling

Homeowners who find themselves in a bit of a financial squeeze now because of the higher interest rates should think twice before they react by putting their homes on the market.

For a start, the substantial rise in home prices over the past few years means there is a good chance that even a smaller home could cost them more than the total outstanding on their existing bonds, says Berry Everitt, MD of the Chas Everitt International property group...

>> New proposed regulations for estate agents

The proposed Regulations provide that:

  • All estate agents must comply with the NQF in accordance with the Regulations prescribed by the SAQA Act and, more specifically, as contained in Government Notice R452 of 28 March 1998; and
  • New entrants to the estate agency profession, since that is what it will become, who wish to operate as employee estate agents must complete the Qualification of Further Education and Training Certificate: Real Estate.
  • Estate agents wishing to operate as principals will have to complete the National Certificate: Real Estate (NQF level 5 – 135 credits)

As has been noted the FET Qualification indicates that:

“Learners working towards this Qualification will find that the acquisition of competence in the Unit Standards that make up the Qualification will add value to their understanding of the sector and functioning in the workplace. The Qualification is intended to enhance the provision of entry-level service within the Property and Real Estate industry. It will provide the broad knowledge, skills and values needed in the Property and Real Estate industry.”

>> From the CyberProp Blog

Just Moved?

Decorate using what you already have first

The movers have just left and you're surrounded by boxes of stuff that looked great in your old house, and you have no clue how it will all come together at your new home.

"Just because a furniture piece worked one way before doesn't mean it can't have an even better use in this new home," and "A dresser can make quite a statement in a foyer."

To make a warm, inviting environment, professional arrangers suggest you maximise the use of the furniture, art and accessories you already own. You might be surprised at the new look you can create with your existing furnishings...

>> 2 Weeks 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...

>> Software at its best!

The Property Manager provides you with a very extensive and detailed list of criteria which you can capture for your property listings and gives you the control to decide how you would want these properties to be displayed on the Internet

  • Manage property for sale and previously sold
  • Activate or deactivate Internet listings with immediate effect - no waiting!
  • Keep track of your On Show and On Special properties and list them on your website
  • Print and email multiple reports
  • Unlimited number of pictures
  • Keep a history database

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

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