Weekly Newsletter
Friday, 23 February 2007
Property Search | Estate Agents | List your property

Edition 7 of 2007, Friday, 23 February 2007

Dear Reader

This week, during his budget speech, Finance Minister Trevor Manuel announced R8,4bn in personal income tax relief, mainly to compensate taxpayers for fiscal drag. Most of this tax relief will be targeted at people earning less than R250 000 a year. How will this influence the property market?

"The increase to R43 000 in the tax threshold for individual tax, and the increased figure for tax-free savings, is good news and it is to be hoped that these extra funds will flow back into debt repayment, including bond repayments on property."
says Berry Everitt, MD of the Chas Everitt International property group

"Government's bigger housing budget is expected to stimulate the property market", says Jan Davel, CEO of Aida National Franchises

Herschel Jawitz, CE of Jawitz Properties says the Minister of Finance, Trevor Manuel, presented a conservative budget in line with previous years, with a shift to more social spending and far less focus on the property market.

For the third consecutive year, Forbes.com compiled lists of the world's most valuable properties on the market in every continent, excluding Antarctica. One of these properties is Saudi Prince bin Sultan's Aspen ski lodge listed for $135 million. The following property was listed as one of the most expensive properties in South Africa.

$7.4 million
Western Cape, South Africa

Perched on a ridge with views of the ocean to one side and mountains to the other, this mansion, located on an 18,000-square-foot lot, has 10 bedrooms, each with their own bathroom. Whether lounging by the pool, on the decks or enjoying the indoor parlour's fireplaces, this property is considered one of the finest along the Cape's coast. Read more in Real Estate News - World's Most Expensive Homes 2007

A Proposed national policy that could force developers to build low-cost homes smack next to mansions would turn the house market on its head, according to Eastern Cape property experts. Low cost housing to abut mansions

Focus on Volksrust, Mpumalanga, South Africa. Volksrust is the ideal stop-over when travelling between Johannesburg and Durban. The land near where the Battle of Majuba was fought - where the Transvaal won independence from the British - was decided suitable for a new town to be founded on the Mpumalanga / KwaZulu Natal border. And the place where you can still buy property for under R300 000.00

The editor


>>Real Estate News - World's Most Expensive Homes 2007

Along Australia's Gold Coast and across the French Riviera, they sit above the beach offering extraordinary views of the sea. In the U.K. they are palaces that humble the Queen's Belgravia mansions.

Others range from landed estates throughout continental Europe to nature preserves in Zambia.

These are some of the world's most expensive properties, and the prices are as unique as the homes. Saudi Prince Bandar bin Sultan's Aspen ski lodge lists for $135 million, while 6,000 miles away, a 64-room Istanbul waterfront mansion asks $100 million...

>> Low cost housing to abut mansions

A Proposed national policy that could force developers to build low-cost homes smack next to mansions would turn the house market on its head, according to Eastern Cape property experts.

There was outrage in national property circles when it emerged last week that the national Department of Housing had embarked on a consultative process over its Draft Proposal on Inclusive Housing.

>> The valuation countdown

Don’t get your knickers in a knot the minute you receive news of council’s new valuation for your home, as just because your property’s value has increased, doesn’t mean that you will be paying higher rates…

If you live in Cape Town you could be one of 735 000 property owners who will receive a letter in the post from the City, informing you of the new value of your property. Gautengers will be next with the other provinces following shortly after...

>> Shopping centre council to beef up security

JULIE Hillary, MD of property management company Finlay and the first woman president of the South African Council of Shopping Centres, says she plans to reinforce the groundwork laid by the council last year to combat crime at shopping centres.

Hillary, who was appointed last week as president, says the foundation has already been laid for the anticrime measures and she wants to “ensure that these are taken to the next level”...

>> Focus on Volksrust, Mpumalanga, South Africa

The land near where the Battle of Majuba was fought - where the Transvaal won independence from the British - was decided suitable for a new town to be founded on the Mpumalanga / KwaZulu Natal border...

>> View Properties in the Mpumalanga
>> View Properties in Volksrust

>> Property of the week

Mpumalanga, Volksrust

This property is a give away at the price and with some creativity and nurturing will shine and provide solid, safe living in a country atmosphere. Fresh air and only 50km from the bustling Newcastle. Volksrust is situated on the Drakensberg escarpment.

Bedrooms: 3
Bathrooms: 1
Garages: 2

Search for property in your area

Enter City/Suburb:
South Africa: 'Final' Battle Over Oudekraal Development Rights Heads for Cape High Court

Opening salvoes will be fired in the Cape High Court tomorrow in what could be the "final push" in the war over the proposed development of Oudekraal, arguably the most valuable piece of natural real estate on the peninsula still in private hands.

Three authorities - the City of Cape Town, SA Heritage Resources Agency and SA National Parks - are asking the court to overturn township development rights approved for the 44-hectare "Portion 7" of the former Oudekraal Farm, adjoining Camps Bay, by the then administrator of the Cape in 1957...

>> Have Fun - Thinking about a Greenhouse?

Although a greenhouse is the dream of many gardeners, some careful planning needs to be done to make sure that your green house lives up to your expectations.

First of all, a greenhouse is just a structure that can provide a more controlled and even environment for your plants. To begin with, you need to decide what your greenhouse will be used for; starting seedlings earlier in the spring; growing tropical plants, or keeping a salad garden all winter....

>> News from - Chas Everitt

Heck your windows to beat the heat

Global warming is currently the subject of intense debate and there is actually quite a bit homeowners can do to make their own homes more energy efficient and so contribute to slowing down the effects of climate change.

So says Berry Everitt, MD of the Chas Everitt International property group, who notes that inefficient, badly fitting windows can heat up your house by a whopping 75 percent in summer - and account for a third of total heat loss during winter, while adding significantly to your heating and cooling costs...

>> South Africa outlines 2010 World Cup spending

CAPE TOWN, South Africa – The South African government will spend 17.4 billion rands ($2.85 billion Canadian) over the next three years on stadiums and infrastructure for the 2010 World Cup.

Finance Minister Trevor Manuel said Wednesday that 8.4 billion rands ($1.38 billion) would go to building or upgrading the 10 soccer stadiums to be used in the tournament, with about nine billion rands ($1.48 billion) to improve transportation and roads around the stadiums.

>> Four months to go to the largest worldwide real estate exhibition - SIMA07.

The ninth edition of the Madrid Real Estate Exhibition, taking place from 29 May to 2 June, will cover a total of 100 000 square meters. SIMA’s International content will be distributed in two areas: SIMA’s Hall I (International Institutional and Investment Pavilion, and SIMA’s Inmotur (International Holiday Homes Pavilion), an area devoted to second homes in foreign countries where hundreds of property and property related exhibitors from more than 20 markets will participate...

>> Software at its best!

CyberAgent - New Development Module

The New Development Module module has been developed to assist estate agencies to market and sell New Development properties. Up until now agencies had to contact us whereby we had to develop web pages to accommodate these new developments at a cost. These developments were also only available on the agencies website only and not on all linked websites (www.cyberprop.com, www.ananziproperty.co.za, www.real-estate-south-africa.com, www.cellproperty.com and www.sundaytimesproperty.com).

This module will enable agencies to add the following information about each and every development:

  • Location information (Province, City and Suburb)

  • Main note / write-up on the development

  • Status of the development

  • Meta keywords for search engine optimization

  • Main picture

  • A picture of the site plan

  • Building specifications

  • Progress reports including pictures

  • Units
    • Unit Description

    • Selling price

    • Square meter

    • Bedrooms

    • Bathrooms

    • Garages

    • Private Garden

    • Other 1 and 2

    • Estimate Levi

    • Panoramic field to insert third party reference

    • Unit status (e.g. Now selling)

    • Unit notes

    • Notes on extras

    • Picture of the unit

    • Floor plan of the unit

    • Linked properties to this unit

    • Unit number

    • Status of unit (e.g. Sold)

    • Link reference to the property in the Property Manager

It is not necessary to complete all the fields/sections. If the information is not supplied it will not be displayed. All note fields may contain HTML tags like for instance a bold heading.

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