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Weekly Property News
21 April 2011
FROM THE EDITOR

Dear Reader

IThe cameras might be on Julius Malema ANCYL leader but in the real estate all eyes are on the EAAB (Estate Agents Affairs Board) after Sunday’s broadcast on Carte Blanche. We received numerous emails from readers wanting to know what’s going on in the real estate industry. We place two articles this week that will answer those questions;

Very few estate agencies are corrupt or operating illegally, and the fact that the Estate Agency Affairs Board (EAAB) is in total disarray does not mean that the whole real estate industry is falling apart. “It is not correct to assume that just because the controlling body is badly managed, the companies it is supposed to oversee will run amok. No-one would suggest that if the Financial Services Board collapsed, for example, it would automatically spell poor corporate governance at all insurance companies.” says Berry Everitt, MD of the Chas Everitt International property group. EAAB problems don't mean industry chaos

“It is a big relief to learn that corruption within the organisation is being quickly rooted out.” This according to Sandy Walsh, head of the Western Cape Institute’s training and education division in answer to the first meeting held between  Thami Bolani, the new chairman of the Estate Agency Affairs Board, and the Western Cape branch of the Institute of Estate Agents (and its 140 members who attended the breakfast).  More efficient and transparent leadership

Headlines:South Africa cannot give free homes to the poor indefinitely, the housing minister said, while presenting a budget for the scheme meant to give solid roofs to millions living in shacks. "Current increasing dependency and pressure on the state are not sustainable for the country going forward," Tokyo Sexwale told lawmakers. "Somewhere, sometime in the future there will have to come a need to have a cutoff point on the government's subsidised housing, where people can begin to do things for themselves." 'No free housing forever'

Market news: Property prices showed positive year-on-year growth in March, according to the latest results released by ooba – South Africa’s leading bond originator. The March oobarometer price index reveals that the average house price rose 1.1% year-on-year to R860 492 from R850 864 a year earlier. The growth in the average purchase price amongst first time buyers also showed an increase, with year-on-year growth of 4.5% to R623 179 in March 2011 from R596 357 a year earlier. House prices show positive growth in March

Happy Easter
The editor

In This Issue

Featured Property

Parel Vallei, Western Cape
House:
Cape Dutch family home in supberb area! Double volume ent hall, dining room, living and family room both with jetmaster fireplaces. study. 5 Bedrooms, 4 bathrooms (3 en-suite), farmhouse kitchen with solid oak and granite finishes. Dover stove and built-in braai, scullery, walkin pantry.

Local News

No free housing forever

South Africa cannot give free homes to the poor indefinitely, the housing minister said, while presenting a budget for the scheme meant to give solid roofs to millions living in shacks...


EAAB problems don't mean industry chaos

Very few estate agencies are corrupt or operating illegally, and the fact that the Estate Agency Affairs Board (EAAB) is in total disarray does not mean that the whole real estate industry is falling apart..


More efficient and transparent leadership

Following on from the first meeting held with Thami Bolani, the new chairman of the Estate Agency Affairs Board, the Western Cape branch of the Institute of Estate Agents (and its 140 members who attended the breakfast which was sponsored by the Cape Property Guide) believe that a new era is about to dawn in SA residential property, says Sandy Walsh, head of the Western Cape Institute’s training and education division...


House prices show positive growth in March

Is this an anomaly or a return to positive price growth?

Property prices showed positive year-on-year growth in March, according to the latest results released by ooba – South Africa’s leading bond originator...


SMMEs the key to housing market growth

As the newest member of the BRICS emerging nations group, there are a lot of lessons SA can learn from thriving economies such as those of Brazil and China – and one of the most important is how to facilitate job creation through the growth of the SMME sector.


SAPOA seeks clarity on Consumer Protection Act

Property practitioners, rental agents and brokers have been urged to err on the side of caution until questions regarding property leases and the new Consumer Protection Act have been resolved..


Political revolutions in North Africa's affect on SA

There are, says Tony Clarke, Managing Director at Rawson Properties, two divergent opinions in the South African property market as to just how seriously the political revolutions in North Africa are affecting South Africa. 


Poor tenants less risky

Many property professionals have in recent years recommended that buy-to-rent investors in the residential market tend to fare best when they stick to the lower middle and lower price brackets.


Rental Revelations

When looking to purchase a rental property, it is important to take your time and do your research to ensure you buy a property that suits your needs perfectly. It is also imperative to gather as much information as possible, because when it comes to buying or renting property, ignorance is certainly not bliss.


High energy, insurance and other household costs can be cut

With Eskom’s electricity charges being increased by a staggering 82,1% over three years and with his two daughters, aged 14 and 15, wanting to join a school tour of Europe, Tony Clarke, MD of Rawson Properties, set them a goal: whatever energy and other savings they could bring about in the Clarke home, he said, he would refund to them to help pay for their tour.

Focus On

Gordons Bay, Western Cape, South Africa

Gordon's Bay is a picturesque coastal village, nestled at the foot of the Hot- tentots Holland Mountains and the False Bay Coast.

This serene resort is ideally situated for a relaxing seaside holiday within forty minutes' drive to the bright lights of Cape Town and thirty minutes' to the main airport.

>> Properties in the Western Cape
>> Properties in Gordon's Bay


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;

  • Claremont
  • Sandton
In the area 1 - Claremont

As the South African property market continues to develop into a proper large scale economic force, it will no longer be a suburban residential estate planning and huge upmarket apartment block investment that makes a significant impact on an area’s market value..


In the area 2 - Sandton

JOHANNESBURG - Sandton's popular Village Walk shopping centre is due for a major overhaul which will include the demolition of parts of the precinct for re-development...


New Burgundy Estate project

Buyers flock to New Burgundy Estate project

In the three weeks since the launch of the new Viridian Square development in the Burgundy Estate near Durbanville, more than 40% of the units have already been sold or reserved.


To the editor

We received the following two blog entries on the article: DURBAN NORTH PROPERTY PERFORMING WELL

It would be interesting to know if the Durban property market is still performing well in 2011.

From the editor:

That is a good question. Things change so quickly. I'm particularly interested in KZN farms near the Drakensberg Mountain range.

Share your comments with our readers by sending it to news@cyberprop.com

Share your comments with us by sending it to news@cyberprop.com



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CyberProp Property Count: 21/04/2011

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