Weekly Property News
Friday, 18 June, 2010

Dear Reader

The 2010 Fifa World cup Soccer is in full swing. Starting with a brilliant opening game and continuing to produce climatic games, we as South Africans can sit back and admire the spectacle that is the World Cup Finals. All reports indicate that this will end up been a great success.

The question to ask is, do sporting events mean anything for the property market? According to Saul Geffen, chief executive of ooba, a positive impact is likely to occur in the medium term. He said the big drive by the government to improve the country's roads, public facilities, transport networks and airports for the World Cup should contribute toward higher property values in surrounding areas.

So it would seem that the World Cup not only unites our country but may lead to an increase in the property market.

The editor

In This Issue
Featured Property
KwaZulu Natal, Durban, Morningside
Gracious family residence of grand proportions, well positioned on the Morningside hill...
Local News

Sporting events: Do they mean anything for the property market?

With several major international sporting events scheduled in South Africa, London and Brazil over the next few years, the property market is definitely heating up...

Property sales and rentals rising

The real estate market showed further signs of recovery with an uptick in property sales last month and rentals this month...

Buy-to-rent investors can sometimes use the accumulated equity in their existing bonds - but beware of the pitfalls

In recent months, says Mike Greeff, Chief Executive of Greeff Properties, there has been a big return to buy-to-rent residential property purchases. Many of those who were active in this field five or six years ago are now once again coming back to it...

Buy-to-let properties will reap rewards in the long term

Peter Gilmour, chairman of RE/MAX of Southern Africa, says that the rental market is currently in a major slump and that there are no signs of any quick turnaround in the near future...

You have to share your rent with SARS

If you own one or more rental properties, the SA Revenue Service (SARS) requires you to draw up financial statements showing your expenses and profits in relation to these properties – and to pay tax on your profits...

Dangers of leasing a commercial/industrial property

Mr G owned a medium size business and needed a fairly large factory to house his machinery and various operations. On renewal of his lease his landlord decided to significantly up the rental, so G decided to relocate his premises....

Property or shares - which is the better investment?

Following on from the publication of an article on the efficacy of using gearing to create wealth through property investments, Rob Lawrence, National Manager for the bond origination company Rawson Finance, has received a number of questions regarding the relative risks of the two asset classes, shares and property...

Warning to buyers to control expenditure

The steady, albeit slow, recovery of the South African residential property market is largely due to the banks beginning to ease up on their loan-to-value criteria, says Lanice Steward, MD of Anne Porter Knight Frank...

To fix or not to fix your bond interest rate?

Home owners are always confronted with the option of fixing the interest rate on their bond. Unless things are really desperate, you should avoid fixing your interest rate...

Homebuyers often ignorant of legislation and practices

Despite ongoing press publicity about property law and regular discussion on these matters at a whole range of seminars and training sessions, many South African homebuyers and sellers remain surprisingly ignorant of the basic legalities surrounding any property transaction...

Eco standard wins Cape Town City Council Endorsement

Eco Standard SA (ESSA), established last year by Rayne Neave, is an organisation which awards companies and products seeking recognition for their good environmental practice and for meeting environmental accreditation criteria that comply with internationally recognised standards...

Cheap ways to live green

Going 'green' does not necessarily mean growing all your own food organically or using only solar power...

CyberProp Property Count: 18/06/2010

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Properties for Sale: 140,360
Properties to Rent: 9,972

Focus On

2010 FIFA World Cup™ fever in Durban KwaZulu Natal, South Africa

The newly-built Moses Mabhida Stadium in Durban will host one of the semi-finals of the 2010 FIFA World Cup™. The ground epitomises the architectural innovation on display in South Africa and takes its design inspiration from the South African flag, with its grand arch representing the unity of this sport-loving nation. The two legs of the arch on the southern side of the stadium come together to form a single footing on the northern side, symbolising the new unity of a once-divided country...

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>> Property in KwaZulu Natal

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In the Area

The areas we are going to take a closer look at this week are;

  • Harfield Village
  • Factoria
In the area 1 - Harfield Village

Harfield Village prices continue upward trend

Very few people, says Lanice Steward, Managing Director of Anne Porter Knight Frank, could have predicted accurately the remarkable way in which homes in Harfield Village have escalated in price despite the recession and despite its close position from the Cape Town CBD...

In the Area 2 - Factoria

Industrial property in Factoria sold for R8,5m

Auction Alliance recently sold a great redevelopment opportunity in Factoria for R8,5 million. Factoria is a well established industrial node in Johannesburg, which is centrally located in close proximity to both Krugersdorp and Roodepoort. It offers good access on to Main Reef Road and to railway transport...

To the editor

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News from Diamond Property Group

Diamond Property Group a true player in two countries

Errol Diamond of Diamond Property Group has now emerged as a fully international property player in the true sense & has been in operation in South Africa for the past 16 years & operating in Australia for over 6 years...

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