Weekly Property News
Friday, 19 March, 2010

Dear Reader

They say that when we think of time we tend to think of the ways in which we measure the passing of time. This can be done by watching a clock or by measuring an interval. But what is time when buying a property? You’ve heard on numerous occasions from family and friends that you should buy property as it will always be a good investment. But if you could pick any day of the year to buy a property which day will you pick? According to real estate statistics there are two days that does stand out, Christmas day and Easter Sunday. Is it that people are in good spirits and enjoying family time? I will leave you to think about it.

According to Lanice Steward, MD of Anne Porter Knight it is now the time to buy. Several Cape estate agencies have, achieved record sales in January or February - and APKF was very definitely no exception. “What we are witnessing - as we have done in previous years after a downturn - is a new trend: many sellers, who waited in the wings for prices to stabilise and start growing, are now coming back to the market in a hurry. Many now realise that if they wait more than one or two more months they could lose out. Now is the time to take action

Headlines: Contraction in residential building activity continued unabated in early 2010, Absa home loans said on Wednesday. Residential building activity in the South African housing market showed a significant contraction in January 2010 compared with a year ago, "despite indications that the pace of contraction slowed down towards the end of last year," senior property analyst Jacques du Toit said in a statement. Earlier, Statistics SA released data showing the value of recorded building plans passed by larger municipalities (at current prices) for January 2010 fell 17.4 percent compared with January 2009. Building not recovering

Market news: Property trends for 2010 With the World Cup looming and plenty of post-budget positive sentiment flowing, Dieter Deppisch, head of Property Data Research at the South African Property Transfer Guide (SAPTG), assesses three trends that will significantly impact the property market this year and their implications for buyers and sellers.

  • House prices will rise, albeit modestly
  • Property investors will make greater use of technology

The editor

In This Issue
Featured Property
Western Cape, St Helena Bay, Britannica Heights

Views and Views from all 4 Bedrooms, All lead on to the balcony. Large brand new spacious home,almost finished to move right in!

CyberProp Property Count: 19/03/2010

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Properties for Sale: 127,926
Properties to Rent: 9,972

International News

New Rules Attracting International Buyers To Australia's Real Estate Market

A perennial favorite of Chinese investors, Australian real estate is gaining allure with oil and mining rich Russian buyers driven from the troubled Dubai market. Joining these investors in the Aussie residential market are buyers from South Africa, Malaysia and Singapore — all looking to take advantage of a recent change permitting full foreign ownership in new residential construction...

Local News

Property trends for 2010

Data shows house prices will rise, albeit modestly.

With the World Cup looming and plenty of post-budget positive sentiment flowing, Dieter Deppisch, head of Property Data Research at the South African Property Transfer Guide (SAPTG), assesses three trends that will significantly impact the property market this year and their implications for buyers and sellers...

Now is the time to take action

Several Cape estate agencies have, says Lanice Steward, MD of Anne Porter Knight, achieved record sales in January or February - and APKF was very definitely no exception...

Bond originators are saving clients and estate agents days of unproductive work

The reluctance felt by a small proportion of the South African home buying public to use bond originators is without justification, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape based estate agency...

Bond application assessments explained

Clients, says Rob Lawrence, National Manager of Rawson Finance, often ask bond originators to explain why their bond applications are declined, or why a bank will not give them the amount they requested, and makes them a lower offer...

The four "Cs" s to getting property finance

The key is to think like a bank manager.

JOHANNESBURG - The property market is slowly recovering and investors are scouting for deals...

Match your area to your lifestyle - and lower your stress

Everyone knows that it’s vital to pick a good location when you buy a property, but you also need to think about the lifestyle you want as a homeowner...

First impressions

Many of us take for granted the impression visitors and guests get when they enter our homes through the front door. Having a beautiful exterior entrance not only makes an impact on visitors but it is uplifting for the owner to come home to each day...

Buyers market still prevails

“It’s still a buyer’s market so bargain hunters should seriously consider property investment,” says Aucor’s property division head Paul Winterstein...

Building not recovering

Contraction in residential building activity continued unabated in early 2010, Absa home loans said on Wednesday...

Install a rain tank and cut your water costs

The average home uses around 250 000L of water a year, but owners can significantly cut down on the amount drawn from the mains – and on their municipal water bills – by simply installing tanks to harvest rain water from their roofs...

Opportunity for top young minds to thrive in the property sector

Growthpoint Properties Limited’s coveted commercial property bursaries have enabled five talented young university students the opportunity to study towards a stimulating career in South Africa’s dynamic property industry...

Subdivision costs must be stipulated

Homeowners with large stands are increasingly selling off parts of their property to reduce their home loans, achieve greater security and lower their maintenance costs and property rates...

Essential to check new municipal valuations

Although the City Council has been conscientious about publicising the new valuations on homes, many of the homeowners, says Lanice Steward, MD of Anne Porter Knight Frank, the Cape Peninsula estate agency, remain unaware that their homes have been revalued...

Pay by the hour tenants

Owners of flats and townhouses in Cape Town now face a new threat, one which has the potential to derail the value of their units, says Tony Clarke, MD of Rawson Properties...

Leasing operation now set to reduce vacancies

The year 2009, says Quintin Rossi, National Leasing Executive of Redefine Properties, one of the two largest JSE Securities Exchange listed property companies in South Africa, presented the property sector with the toughest trading conditions they had experienced since 1998...

Demand for rentals increases along the Atlantic seaboard

An unprecedented demand for rental properties along Cape Town's Atlantic seaboard has resulted in a shortage of stock across all areas and price ranges. Last year rentals increased from between 6 and 10%. Currently, the sector is seeing a 12 to 20% increase year-on-year depending on the area...

Aida notches up business first

South Africa’s oldest real estate franchising group, Aida National Franchises, has notched up another first in the local property industry by joining the UK-based Association of Business Executives (ABE)...

Focus On

Focus on ST Helena Bay, West Coast, Western Province, South Africa

St Helena Bay is unique as it is the only place on the West Coast where the sun rises over the sea. This is particularly important for early morning whale and bird watchers...

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;

  • Richards Bay
  • St Helena Bay
  • Shelly Beach
In the area 1 - Richards Bay

The Richards Bay CBD is abuzz with buy-to-let property investors who are snapping up two bedroom apartments in the R450 000 price range, says Phil Hammill, area principal for Pam Golding Properties...

In the Area 2 - St Helena Bay

Jeannette & Wessel Vorster have 18 years experience in Real Estate in St Helena Bay and are proud to announce that they have opened their own Estate Agency, St Helena Bay Real Estate...

In the Area 3 - Shelly Beach

Holiday units in Shelly Beach and Uvongo on the KwaZulu-Natal South Coast are once again in favour among buyers and investors...

To the editor

I have read your article on “The benefits of having your own design” with interest. You may be interested in another, and somewhat similar, but very cost effective alternative.

The concept of selling standard architect designed house plans at a huge discount, compared to architects fees for a custom design, is well known in the USA. Inhouseplans.com started selling standard plans for the South African market and is growing in popularity. Sales in Africa, up to Kenia and Nigeria as well as Mauritius has more than doubled in 2009 from 2008.

All the house plans available on the inhouseplans.com website have been designed by qualified architects who are registered with the South African Council for Architects, members of the South African Institute of Architects with many years of experience in the house building industry. The advice and information on offer on the website and included in the documentation you receive when buying a house plan from inhouseplans.com comes with years of experience.

Director: Inhouseplans

Send your viewpoint to news@cyberprop.com

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