"The residential market will be affected more
than the commercial and industrial market"
"I dont expect this increase to have any particular
impact on the market, and nor do I expect that a further 0,5%
increase in December"
"Homeowners will be breathing a sigh of relief at the
increase being limited to 0,5 percent"
"Undoubtedly, the rate hike is negative for property,
but is not expected to be the cause of any property trend
changes"
"While the increase is unfortunate, it was not unexpected
and home owners are urged to take comfort that SA continues
to enjoy a stable and sound economy with still historically low
interest rates"
"The half percent increase has been expected for some
time and will have little, if any, sudden impact on the residential
market"
"The hike will undoubtedly extend the levelling off
in the market that we have been experiencing for some months"
"The interest rate increase, while more moderate than
expected, will obviously make all homes less affordable,
forcing would-be buyers to either withdraw from the market or
scale down their requirements"
These are but just a few of the remarks from property experts
after the South African Reserve Bank increased its repo rate from
7,5 to 8 percent (prime from 11,5 to 12 percent)
Emerging farmers who want to sell their newly-acquired land cannot
be stopped but the government may not approve a zoning change for
the land, said the Western Cape Department of Agriculture on Thursday;
Rezoning snag 'to preserve land reform'
Founded in 1913, Kirstenbosch lies on the eastern slopes of Table
Mountain. It consists of landscaped gardens of indigenous plants
and trees, watered by the Liesbeek River, as well as natural forest
that extends up the lower slopes. Kirstenbosch covers an area of
828Ha, 60 ha of which are cultivated; the remainder is a natural
flora reserve. Focus on Kirstenbosch, Rondebosch, Western
Cape, South Africa
Enjoy
the tranquillity of your garden by building a bird feeder. Building
your own bird feeder is relatively easy, provided you have the plans,
instructions and materials at hand. You can probably make any type
of bird feeder you want ranging from the simple bird feeders from
recycled materials to the elaborately designed bird feeders. In
Have Fun we share some tips on how to build a bird
feeder
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>> Real Estate News Poor nations push
investment boom
There has been growing evidence of a shift in global business power,
with foreign investment from developing countries now a major factor in
the world economy.
In its latest report, the United Nations Conference on Trade and Development
(Unctad) has confirmed the trend that has prompted speculation of billion
dollar takeovers in Europe by firms including Indian steelmaker Tata...
>> Reaction to SA interest rate 0,5% increase
The South African Reserve Bank last Thursday increased its repo rate
from 7,5 to 8 percent (prime from 11,5 to 12 percent). This was the third
increase so far this year with 50 percentage basis point rises in June
and August. Property experts reaction was generally positive with
wide consensus that high anticipatory levels of the rise had already been
factored in by homebuyers...
>> Rezoning snag 'to preserve land reform'
Emerging farmers who want to sell their newly-acquired land cannot be
stopped but the government may not approve a zoning change for the land,
said the Western Cape Department of Agriculture on Thursday.
"There's nothing stopping them from doing this. They're the owners
of the land, they are obviously entitled to do that," said department
spokesperson Alie van Jaarsveld.
However he said the government would not be enthusiastic about approving
any changes in land use for the property for the new owners and that high
potential agricultural land would not be rezoned...
>> Focus on Kirstenbosch, Rondebosch, Western
Cape, South Africa
There
is a granite Celtic cross in Kirstenbosch marking the grave of the garden's
first director, Professor Harold Pearson, and it bears the inscription:
'If ye seek his monument, look around.' It is an apt and moving injunction
- the grave is surrounded by one of the world's most famous reserves of
indigenous flora...
Uncertainty about the development of 12 hectares next to Kirstenbosch
Gardens that was handed over to 86 land restitution claimants in September
has ruffled the feathers of residents in area.
There is confusion about what is being planned for the area, and residents
say a low-cost development would push down the value of their multi-million-rand
properties and disturb the natural vegetation...
>> Show days are vital
Many
sellers are understandably reluctant to open their homes to the Sunday
show-house hoards and nosey neighbours, but agents from Sothebys
International Realty insist that properties marketed without show days
take much longer to sell and, in some cases, dont.
Barak Geffen, Executive Director of Sothebys International Realty
South Africa says given work and family commitments the typical buyer
will usually only view an average of 10 percent (30 of 300) of homes on
the market within their price range...
>> News from Business Day - Industrial property
buoyant
THE
booming industrial property market, which has experienced strong price
and rental growth during this year, is expected to continue to perform
next year on the back of a weakening rand.
Auction group Auction Alliance, a subsidiary of the Alliance Group, says
it has noted huge buyer demand for industrial property, and strong prices
obtained for improved industrial buildings and vacant industrial stands.
Compared with offices and retail, industrial is by the far most
buoyant nationwide, says Rael Levitt, chief executive of the Alliance
Group...
>> Have Fun - Building a bird feeder
Building your own bird feeder is relatively easy, provided you have the
plans, instructions and materials at hand. You can probably make any type
of bird feeder you want ranging from the simple bird feeders from recycled
materials to the elaborately designed bird feeders.
Making intricately designed bird feeders would be fun, but it isnt
exactly advisable for beginners and people with skills at an intermediate
level. You can try starting with a basic bird feeder and work your way
up the different difficulty levels or you can try making inexpensive yet
effective bird feeders. Here are a few tips to help you along...
>> Software at its best!
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technology to benefit their businesses.
The real challenge is to find a software application (programme) that
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