Weekly Newsletter
Friday, 19 October 2007
Property Search | Estate Agents | List your property

Edition 41 of 2007, Friday, 19 October 2007

Dear Reader

It is biltong, beer, braai and rugby time this weekend! One thing is for sure, a nation will stand together Saturday night to shout for the Boks! Go bokke!

The South African real output index of the finance, that will be business services, insurance and real estate increased from 160.2 in 2004 to 169 according to the latest Productivity SA Statistics. According to Efficient chief economist Dawie Roodt this growth was expected but it will slowdown due to the hike in the interest rate.

While on the subject of interest rates, Reserve Bank governor, Reserve Bank governor Tito Mboweni this week defended the Bank's decision to increase the interest rate last week. Furthermore he issued a warning that rate may hiked again. Oil prices at a historic high can only weigh in on inflation and interest rate expectations. Arguments that the bank will not raise rates in December due to it being the retail month of the year does not hold water. Who can still remember the rate increase in December 2006?

Seven interest rate hikes since June last year have ratcheted up the pressure on homeowners and new entrants to the commercial property sector, with indications that many are feeling the pinch and are being forced to sell. Property market feels squeeze of rates spiral

With the new National Credit Act and rising interest rates having brought more balance to the Western Cape property market, it could be time for buyers to start looking for “bargains”. This is the view of several Chas Everitt International agency principals, who said this week there had been a return to realistic pricing and that good buying opportunities were arising, particularly in cases where higher interest rates had put property owners under pressure It’s time for Cape buyers to get off the fence

There's a critical shortage of retirement accommodation in South Africa — even in the country's exclusive retirement estates Critical retirement shortage

In answer to our question regarding Eskom and the electricity crisis we experienced last week a letter from one of our readers stood out;

As Eskom digs itself deeper into the hole of incompetence and mismanagement, businesses, homes, and building developments will have generators as a matter of course and Eskom power will be allow the generators to be stopped half the time. Wise homeowners and building managers would be well advised to put voltage regulators on their incoming lines as the spikes (high voltage surges) coming through are demolishing equipment left right and centre.

The next step will be to have water tanks and water purifiers as the water supply starts to deteriorate. On the few days a week we fill up our tanks with impure water and then clean it for use.

Unduly pessimistic? I think not. The situation will eventually improve and we will bring the whole country into the first world but first we have to pay a visit to the third world, inefficient and corrupt officials, bad roads, flickering and sporadic power, laughable public health (have you eaten your beetroot today?) and whatever you do don't drink the water.

Gideon, your bottle of sparkling wine is on its way.

In our CyberProp Blog we look at the high demand for student accommodation in Grahamstown.

Enjoy!
The editor


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>> Real Estate News - Cluster of villas in Mauritius suits well-heeled

A NEW resort scheme in Mauritius is being marketed to high net worth individuals from continental Europe, UK, Middle East and SA.
Villas Telfair, the integrated resort scheme, is being marketed by Seeff OTB Marketing.

MD Ian Slot says that the targeted countries and regions are the traditional source of tourism for the island nation...

>> Property market feels squeeze of rates spiral

Seven interest rate hikes since June last year have ratcheted up the pressure on homeowners and new entrants to the commercial property sector, with indications that many are feeling the pinch and are being forced to sell.

This is expected to be compounded by the latest interest rate hike by the Reserve Bank...

>> House driveway a hotspot for hijackings, survey finds

MORE than half of South Africa‘s hijackings happen in front of the victims‘ homes, a survey has found.

The Remax Real Estate survey found motorists were 10 times more likely to be hijacked in front of their houses than anywhere else.

The findings were gleaned from a poll of colleagues, and house buyers and sellers throughout the country...

>> It’s time for Cape buyers to get off the fence

With the new National Credit Act and rising interest rates having brought more balance to the Western Cape property market, it could be time for buyers to start looking for “bargains”.

This is the view of several Chas Everitt International agency principals, who said this week there had been a return to realistic pricing and that good buying opportunities were arising, particularly in cases where higher interest rates had put property owners under pressure...

>> No ill wind for ‘Toti in airport move

While excitement grows over the relocation of Durban’s international airport and the implications for the surrounding areas, there has been some concern that the move could have a negative impact on Amanzimtoti, currently the nearest town to the airport.

However, says Eric Morkot, principal of leading local agency Nationlink Amanzimtoti, prospects for the town are actually very good, with the upgrading of the CBD on the cards as well as construction of new shopping centers and entertainment facilities...

>> Focus on Stilbaai, Western Cape, South Africa

The treasure of nature unique to Still Bay (Stilbaai) has attracted visitors to this Bay of Sleeping Beauty for centuries. The unique limestone area with its abundance of natural springs, provided the ideal habitat for ancient man, whose footprints still linger here...

>> View Properties in the Western Cape
>> View Properties in Stilbaai

>> Property of the week

Western Cape, Stilbaai, Jongensfontein

Bedrooms: 4
Bathrooms: 2
Garages: 2

EXCELLENT PRICE! SPACIOUS FAMILY HOME WITH SPECTACULAR SEA VIEWS!

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>> Critical retirement shortage

There's a critical shortage of retirement accommodation in South Africa — even in the country's exclusive retirement estates.

According to Mike Bester, CEO of Realty 1 International Property Group, that is specifically the case where units start in the R1-million-plus range.

At the same time, there is also a serious shortage of affordable homes for those on small civil pensions, whose affordability levels range from R200 000 and for those who can pay from R400 000 to R800 000...

>> Gulf investors looking for projects in Western Cape

Dubai: Several Gulf investors, including Prince Al Waleed Bin Talal of Saudi Arabia, are considering investing in South Africa's Western Cape, the province's premier said.

They are looking for projects in sectors such as real estate, port, petrochemicals and tourism.

"In Saudi Arabia the interest in infrastructure and port investments in Western Cape is enormous," Premier Ebrahim Rasool told Gulf News...

>> Amdec gear up for increased cape expansion

In anticipation of the imminent launch of several new developments, Amdec, the property development, investment and project management company, has expanded its Cape sales team from two to seven. Amdec currently manages national property developments with a market value in excess of R4,5 billion...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

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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For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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