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Edition 11 of 2008, Thursday, 20 March 2008
Dear Reader
“The
Knight Frank Global House Price Index shows that while property
prices in Europe and America appear to be suffering from the downturn
in economic conditions; Asia and elsewhere, notably Singapore and
Hong Kong, are performing very well." South Africa
- Although impressive by International standards, the 12.3% growth
recorded in South Africa represents a significant slowdown for the
South African property market, and is the lowest annual growth
figure since Q4 1999. The outlook for house price inflation
over the next year remains uncertain as although inflation is expected
to remain high, new residential construction is predicted to slow,
raising levels of demand for existing homes. Global House
Price Inflation was 8.2%
10 for Greeff Properties this week!
Greeff Properties set up a non-profit organisation, The Greeff Art
Trust, to help township and previously disadvantaged artists to
find a market for their art work. They have just distribute 6 000
DVD's to homes in Bishopscourt, Claremont, Kenilworth and Constantia.
Read more in Greeff holds out a helping hand towards Township
artists
 My
first house, John Robbie. Does John have any advice for
those considering entering the property marker? "It's
stupid to pay off someone else's home loan if you can pay your own
bond. Just jump on the bandwagon if you're not already a homeowner.
Will you pay R3-million for a one bedroom apartment? Developers
of La Residence, arguably the country’s most expensive residential
development, would have built three penthouses had they known that
demand for one of the two multilevel apartments would have resulted
in a heated bidding war. Prices for the 152 apartments in the development
range from R3-million for a one-bedroom unit to more than R25-million
for each of the six other ordinary penthouses. SA’s most
expensive homes
Bill Rawson shares commonly errors made by property investors;
- To buy in response to an emotional stimulus
- To accept the advice of a friend
- To neglect the management of the project
- To go into the deal without a game plan
Don't forget to visit our CyberProp
Blog for more property news and views.
Enjoy!
The editor
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Global
House Price Inflation was 8.2% in 2007; Price falls in Estonia, Ireland
and Latvia; Impressive rates of growth in Bulgaria, Russia, Poland, Hong
Kong and Singapore...
With
the slowdown of South Africa’s property industry, the glut of available
stock is good news for buyers and there are plenty of bargains for those
who are still in the market. This is great news for people who cannot
yet afford their ‘dream house’ — they can now buy something
in a lower price range and renovate to fit their criteria, rather than
the costly and stressful exercise of building what they want.
MODEST
ABODES: Prices for the 152 apartments at La Residence range from R3 -million
for a one-bedroom unit to more than R25-million for each of the six other
ordinary penthouses 
Uvongo
is a bustling holiday town that has much to offer the visitor. From St
Michaels beach to Lucien Point you will find a hotel, modern flats and
holiday homes that are occupied virtually all year round. The Uvongo beach
is beautiful and the waterfall is a truly grand sight - with canoes on
the lagoon and waves crashing into the tidal pool...
African
bush lodge experience.
Pinnacle
Point Fynbos Village has been referred to as golf’s new “Garden
of Eden”. Situated at the gateway to the magnificent Garden Route.
This
is a proud new addition to the Syndic8 Solutions exclusive portfolio.
Situated only forty minutes from Johannesburg, Pecanwood boasts a
magnificent Jack Nicklaus signature golf course, which forms the perfect
backdrop for the distinctive architecture of the luxurious homes.
We are offering you this lavishly furnished house as the perfect chance
to Buy into Life.
