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Weekly Property News
Friday, 23 October, 2009 |
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FROM THE EDITOR |
Headlines: In the headlines this week the decision
of the Reserve Bank's (SARB's) Monetary Policy Committee (MPC)
that decided to keep the repo rate unchanged at 7.0%. This
is in line with consensus expectations in the market place
BUT not what homeowners wanted to hear. However economists
still stay positive and believe that there is one more interest
rate cut coming. When? That is the question.
Market update: The property market is for sure showing
a positive upswing. Most of estates agencies using our CyberAgent
software reported that sales are reflecting a recovery.
A well-attended massive auction sale of property shows that
the South African property market is thawing, Alliance Group
auctioneers said on Wednesday. The auction of 640 individual
properties took place in Sandton, Johannesburg on Tuesday.
According to the auctioneers, this was the first time in the
history of South Africa that so many properties had gone under
the gavel at one time. Sales reflect recovery
Enjoy!
The editor
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CyberProp
Property Count: 16/10/2009 |
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Now |
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Properties for Sale: 135,664
Properties to Rent: 10,581
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In
This Issue |
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Featured
Property |
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Western
Cape, Hermanus, Vermont
Property Type: House | Bed: 5 | Bath: 4
Operating as upmarket guesthouse. Central reception
area , 2 sea-facing bedrooms with lounge and en-suite
bathroom, 2 en-suite bedrooms, office and kitchen area.
Separate cottage with lounge, dining room, study and
en-suite bedroom. Salt chlorinated pool.
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Real
Estate News International |
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Local
News |
| Sales
reflect recovery |
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A well-attended massive auction sale
of property shows that the South African property
market is thawing, Alliance Group auctioneers said
on Wednesday... |
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| Upswing
in sales no myth |
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The last two months have confirmed the growing
perception that the residential property market
has passed its low point and is at last on an
upswing, says Lanice Steward, MD of Anne Porter
Knight Frank...
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| No
recovery yet |
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The value of recorded building plans passed by
larger municipalities at current prices during
January to August 2009 decreased by 27.3 percent
compared with the same period last year, Statistics
SA said on Wednesday...
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| South
Africa vs Zimbabwe real estate |
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Local looks undervalued, so why aren't we more
optimistic?
It seems like Afro-Pessimism is so yesterday.
Much speculation is been made about Africa as
a sleeping giant with potential growth and large
unreported real economies...
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| Homes
in South Africa 'cost much less' |
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It is possible to get a home in a fashionable
district in South Africa for a fraction of the
cost of properties in London or New York, it has
been suggested...
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| "Keep
your money in SA property" |
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High-end properties for much less than you pay
in Sydney, New York, Malibu
The rand may have strengthened and overseas property
prices may have fallen, but South African real
estate is still the best option for upmarket investors,
says Lew Geffen, chairman of Sotheby's International
Realty in SA...
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| Commercial
property tenants in a good position |
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Anyone driving through the CBDs of SA’s
cities, the major commercial nodes or, indeed,
walking through shopping malls will become aware
that vacancies are now evident on a growing scale,
says Tony Clarke, MD of Rawson Properties...
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| This
White House is for sale |
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Mr Milani, an American-Iranian, told the Atlanta
Journal: "I still do not want to sell, but
I will."
"Really, I am not very political. The architect
just asked, "How about I build you the White
House?" and I said yes. That is the whole
story...
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| Prepare
for electrical inspection |
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It is, says Lanice Steward, MD of Anne Porter
Knight Frank, possible to reduce the cost of getting
an electrical certificate if you know what to
look for before calling in the inspector...
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| First
real estate interns qualify |
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The first group of estate agents sponsored by
the Services Seta to gain practical experience
and training as real estate interns has qualified
after an intensive six-month programme...
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Strand & Somerset West (Helderberg)
- Cape Town
| In
the Area 1 - Strand & Somerset West (Helderberg) |
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Helderberg property boom on the way, says
Rawson Franchisee
There has, said Schalk van der Merwe, franchisee
of Rawson Properties Helderberg franchise, been
a notable pick up in sales in both Strand and
Somerset West home sales over the last three months...
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| In
the Area 2 - Cape Town |
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The Cape Town property market has been tipped
as a hot investment destination by a leading South
African estate agent...
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To
the editor |
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Send us your “real estate agent”
stories as we would like to share them with
our readers.
Send to news@cyberprop.com
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News
From |
| The
only way from here is up |
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Adrian Goslett, Assistant Regional Director of
RE/MAX of Southern Africa is pleased that worst
seems to be over for the local property market...
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Upcoming
Events |
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