Weekly Property News
22 October, 2010

Dear Reader

August 2010 showed an increase in passed building plans Statistics South Africa said on Wednesday. It's only the fourth month this year that an increase has been recorded - the other months being February (+1.2 percent), March (+0.4 percent) and June (+9.5 percent). April saw a 35.7 percent decrease and May a 30.0 percent decrease.

The value of recorded building plans passed by larger municipalities (at current prices) during January to August 2010 was 7.8 percent lower (-R3,394.4 million) compared with January to August 2009. Six provinces reported decreases in the value of building plans passed during January to August 2010.

The decrease in the value of building plans passed was dominated by Gauteng (contributing -6.3 percentage points or -R2,750.3 million), followed by Limpopo (-1.7 percentage points or -R733.0 million). - I-Net Bridge

Headlines: Estate agents have expressed confidence about the sustainability of foreign interest in the South African residential property market after the World Cup 2010 that took place earlier this year;

"We think it's fairly early to gauge the level of foreign interest in our property portfolio after the World Cup. We are hopeful however that in the next two to three years, foreign buyers particularly from the UK, Europe and the US will start making some moves towards our shores," Adrian Goslett, regional director and CEO of RE/MAX Southern Africa.

"Directly after the event we noticed a surge in interest from overseas, with the greatest interest - after South African buyers - from Holland, then from the UK, USA, Germany, Canada, Belgium, Australia, France, Mauritius, Switzerland and the United Arab Emirates," he says. Dr Andrew Golding, CEO of the Pam Golding Property Group

The editor

In This Issue
Featured Property

Northern Cape, Springbok
Bedrooms: 4 | Bathrooms 2.5 | Garages: 2

CyberProp Property Count: 22/10/2010

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Properties for Sale: 147,425
Properties to Rent: 10,479

International News

US economy will affect SA housing sector2010

Potential South African residential property investors, says Rob Lawrence, National Manager of Rawson Finance, the bond origination company which has witnessed 78% growth this year, at the moment fall into two main categories...

UK - Prime yields edge downwards in EMEA property markets in q3 2010

Yields from prime commercial real estate in Europe, Middle East and Africa (EMEA) continued to edge downwards in the third quarter (Q3) of 2010, falling by up to 11 basis points across the office, retail and industrial sectors, representing a slightly larger fall than in Q2 2010...

Local News

Property agents positive on prospects

Estate agents have expressed confidence about the sustainability of foreign interest in the South African residential property space post the 2010 Soccer World Cup...

Home loan help for the self-employed

Changing economic circumstances and new lifestyle expectations mean more and more people these days are self-employed, as business owners or as freelance specialists who work on contract for a series of clients...

Get a mortgage approved

"Even with the worst of the recession behind us, combined with the fact that the banks are starting to marginally relax their lending criteria, getting a bond application approved remains a challenge for many...

Pricing strategies all-important to success

How many times have we read in the business media that property sellers still tend to overvalue their properties? And yet, says Anton Du Plessis, CEO of Vineyard Estates, some 30% of sellers still succeed in setting too high a price...

Buyer perceptions influence selling prices

Adrian Goslett, CEO of RE/MAX of Southern Africa, considers some of the buyer perceptions that exist in the current market and how these influence the selling prices of properties...

Drop your sights if you want to downscale

If you’re planning to downscale to a smaller home, it will have to be at least two sizes smaller now to make the move worthwhile...

Green upgrades that pay

Going green is not only the right thing to do, but it is also a great way to enhance the value of your property...

Don't pack without a plan

Every summer, a certain number of the people enjoying a well-earned break after a tough year at the office will fall in love with their holiday destination and decide to throw up their lives elsewhere and relocate permanently...

64% succes rate for recent auction sales

Analysis of recent auction sale activity bears interesting insights into market trends, including an improvement in yields generally...

Buy a student house - for keeps

With matric learners now in the throes of final exams, many parents are once again facing the problem of finding suitable away-from-home accommodation for children who plan to go to college or university next year...

The agent makes all the difference

Recessionary times are reflective in the current consumer perception of the real estate industry in America, according to J.D. Power and Associates’ 2010 Home Buyer/Seller Study...

How SARS ring fences a loss on rental properties

Does Sars ring fence a loss on rental properties by unique number (i.e. individual property owned), or do they combine all properties owned...

Focus On

Springbok, Northern Cape, South Africa

Richtersveld Cultural and Botanical Landscape

The Richtersveld Cultural and Botanical Landscape, a world heritage site, covers 160 000 hectares of dramatic mountainous desert in the north-west part of South Africa...

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In the Area

The areas we are going to take a closer look at this week are;

  • Tshwane
In the area 1 - Tshwane

Tshwane opposition parties criticise penalties for gated communities

Opposition parties in the Tshwane Metro Council have criticised the ANC's decision to submit a motion calling for the introduction of penalties for illegal road closures and access restrictions to suburbs...

To the editor

Lowvelders prove their blood is red

Hundreds of Lowveld residents have shown their generosity towards others in the past few months by giving blood in response to a high-profile donation drive by the local Aida offices...

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

Sectional title news

Talks and seminars on sectional title matters

Having recently moved into new premises at 200 on Main in Claremont, Propell, the sectional title levy management company, is reviving its programme of talks and seminars aimed at educating trustees, body corporate members and the general public in matters that affect sectional title schemes...

What owners can and cannot do in sectional title property

Anyone who has ever lived in a sectional title scheme will be aware that there are advantages and disadvantages to the lifestyle...

The Green Building Council

Green Star SA Courses Nov 2010 & Junior Technical Coordinator Position

The Green Building Council of South Africa (GBCSA) presents the next round of 1-day courses to learn about the Green Star SA Environmental Rating System for Buildings. Dont miss the last opportunity of this year to attend this popular programme...

CyberAgent, the real estate software solution

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