Weekly Newsletter
Friday, 20 October 2006
Property Search | Estate Agents | List your property

Edition 42 of 2006, Friday, 20 October, 2006

Dear Reader

  • "The residential market will be affected more than the commercial and industrial market"
  • "I don’t 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

Enjoy!
The editor


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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 expert’s 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...

>> View Properties in the Western Cape
>> View Properties in Rondebosch

>> Property of the week

Western Cape, Cape Town,
Rondebosch Park Estate

Beautifully maintained character family home.

Bedrooms 3
Bathrooms 2

Search for property in your area

Enter City/Suburb:
>> Kirstenbosch land claim sparks concerns

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 Sotheby’s International Realty insist that properties marketed without show days take much longer to sell and, in some cases, don’t.

Barak Geffen, Executive Director of Sotheby’s 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 isn’t 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!

Technology has become an integral part of Real Estate over the past few years. Tools like CyberAgent have played and will play even a more important role in the future of Real Estate. Real estate agencies using a tool like CyberAgent, gain the advantages of using the latest technology to benefit their businesses.

The real challenge is to find a software application (programme) that supports all facets of the industry, cutting out the need to duplicate day-to-day work. CyberAgent answers to all the estate agencies needs.

CyberAgent:

  • Is an all-inclusive office management tool
  • Consists of cutting edge technology
  • Has been developed since 1999
  • Enables you to eliminate multiple programmes; No double capturing
  • Compete on the highest level of Internet marketing and exposure
  • Is an OFF-LINE system, saving you time and money
  • Free programme updates on a regular basis
  • Currently used by over 700 Professional Estate Agencies
  • Includes multilevel security
  • Network ready with no additional licenses for the same office

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

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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