Weekly Newsletter
Friday, 24 February, 2005
Property Search | Estate Agents | List your property

Edition 08 of 2006, Friday, 24 February 2006

Dear Reader,

Why has South Africa, from amongst 20 countries surveyed, been rated the number one country in property growth for the third year in succession? What contributed to the current housing boom in South Africa? Can it be low interest rates, the emergence of a rapidly growing black middle class or the longest period of uninterrupted economic growth in half a century? With the municipal elections on hand you can also not help but to wonder what a the influence can be of a stable government and good fiscal policies.

PROPERTY buyers have been warned that postponing existing sales agreements to take advantage of the lower transfer duties from March 1 may be tantamount to fraud” - Do not look for loopholes in new transfer duty rules

Have you ever asked yourself the question; money or the house? “There’s a great competition that’s just been run by a casino and radio station where the winner gets a multi-million rand house as first prize. The house is also furnished (or a budget is allocated to furnish the house) as well as a very nice car is thrown into the overall winner’s prize. That value of the prize is easily calculated as around R2.5 million rand but the sponsors have gone to great lengths to point out how much more the prize is actually worth.” Read more what Dave has to say in his weekly article –
The Property Game – Money or the house

This week in Have Fun we break away from housing and focus on CARS and driving. Driving isn't a mindless activity, it's an exercise in self-restraint, self-defense and self-preservation!

Enjoy!
The editor

 

 

>> Real Estate News – South Africa rates number one in house price growth

Unknown to many people in Nigeria, the Rainbow nation - South Africa - is a haven of real estate investments. It costs much less to acquire equivalent properties in South Africa than in Nigeria and with the impressive growth rate, a prudent investor can go to bed with two eyes closed.

A study compiled by Research Worldwide shows that, “low interest rates, the emergence of a rapidly growing black middle class and the longest period of uninterrupted economic growth in half a century,” have contributed to the current housing boom in South Africa...

>> Do not look for loopholes in new transfer duty rules

PROPERTY buyers have been warned that postponing existing sales agreements to take advantage of the lower transfer duties from March 1 may be tantamount to fraud.

Few new sales are expected to be recorded in the South African residential property market up until March 1 because potential buyers would rather wait to take advantage of the cost savings introduced by the treasury...

>> The Property Game - Money or the house?

Supplied by Dave Welmans www.thepropertygame.co.za

There's a great competition that's just been run by a casino and radio station where the winner gets a multi-million rand house as first prize. The house is also furnished (or a budget is allocated to furnish the house) as well as a very nice car is thrown into the overall winner's prize. That value of the prize is easily calculated as around R2.5 million rand but the sponsors have gone to great lengths to point out how much more the prize is actually worth...

>> Soweto swept up in SA property boom

After a search and waiting period of six years, Russell Rivombo is about to move into his luxury three-bedroom, double-garage home.

His pride and joy is not in the northern wealthy suburbs of Johannesburg but in Soweto, a township south of South Africa's financial capital created for black people under apartheid.

"I asked the agents for the place a while ago, I had the approval (loan)... but there was just nothing in the areas I wanted," Rivombo said...

>> Commercial developments 'will soar'

Growth in commercial property developments is expected to overtake residential property developments this year.

Growth in commercial property developments is expected to overtake residential property developments this year, responding to a long-term decline in vacant warehouse and industrial space, says FNB property strategist John Loos...

>> Focus on Krugersdorp, Gauteng, South Africa

Krugersdorp owes it's origin to two important events in the history of South Africa,namely The Transvaal War of independence (1881) and the discovery of the Witwatersrand Goldfields (1886).

These two occurrences with their far-reaching political and economic consequences,were mainly instrumental in causing the establishment of two townships,originally apart,but subsequently united under the name of Krugersdorp...

View Properties in Gauteng | View Properties in Krugersdorp

>> Property of the week

Gauteng, Krugersdorp, Krugersdorp North

Bedrooms: 3
Bathrooms: 2
Garages: 2

This is a great townhouse - it has all the benefits of townhouse living : security (electric fencing all round) and garden services. It is very private - with it's own entrance. The garden is not small - in fact it's the biggest in the complex. You could easily fit a splash pool! The kitchen / lounge is an open plan area. The kitchen has space for dishwasher, the oven has an extractor fan, large work surface! The master bedroom has a walk-in-closet that leads into the en suite bathroom. The second and third bedrooms also have built in cupboards. The finishes are superb - quality light fittings and switches. The outside is all face brick, paving and tiled roof - NO MAINTENANCE! This unit is not yet a year old, it was completed March 20th 2005. No previous owners. Almost BRAND NEW!This is a Private Sale - come have a look and make me an offer! Take advantage of the new budget announced 15 Feb 2006 - you save approx R30K on transfer costs!

Search for property in your area

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>> Have Fun - Top 10 Editors' Tips to Prevent a Car Accident

By Caroline Pardilla - www.Edmunds.com

As automotive journalists, we at Edmunds.com tend to be a little more practiced on the road than the average driver. Not only is driving cars our job but we're required to go to high-performance driving school every year "for insurance purposes." So take it from us when we say we know a thing or two about how to avoid a car accident. We're not talking about obvious tips your mom told you, like, "Look both ways before you enter an intersection" or "Don't tailgate." Rather, tips we've picked up in the field, interacting with L.A. drivers in particular, driving cross-country, and testing cars on the track.

>> News from residents

Residents ask Mbeki for schools and houses

Better houses, toilets, helping grandparents with school fees and voting for the ANC were the topics Thaba Nchu residents discussed with President Thabo Mbeki on Thursday.

Mbeki was visiting the former Bophuthatswana town, now part of the Mangaung local municipality, about 80km east of Bloemfontein as part of the African National Congress' door-to-door campaign for the local government elections on March 1.

Philipena Motlhalanyane, 75, lives in an old two-room mud house in Moroka township in Thaba Nchu and looks after six children, of whom three are at school...

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