Weekly Newsletter
Friday, 25 January 2008
Property Search | Estate Agents | List your property

Edition 3 of 2008, Friday, 25 January 2008

Dear Reader

This week, as far as the property industry goes, there are two issues that we have to look at that can play a major role in the property market over the next few months;

1. The global market
2. Eskom and the rolling blackouts

As the markets are plunging it is sending a stern warning to world leaders. "I don't think there is a country that will avoid the effects, including South Africa," these were the words from the African National Congress. As for home owners in the USA unhappy homeowners are finding their real estate is worth only as much as someone is willing to pay for it.

"Interest rates have taken a backseat in recent days as rolling blackouts turn the attention to electricity supply shortages. What will be the impact of these power shortages on property, I have been asked. The simple view would be that the "energy crisis" will be negative for the economy and thus negative for property.
But things are never that simple, and power supply shortages may well prove to be a "double-edged" sword - negative for property developments but positive for property returns.
" John Loos FNB Home Loans Property Strategist. The impact of electricity production and distribution shortages on the property market

"The key is to try and hang on to your property. Real estate is a long term investment and while it is attractive to cut and run now, long-term growth has always prevailed and property is an excellent retirement vehicle." "Rampant' property buyers' market predicted by Homenet

If you had R1-million to spare where would you invest? What if you had R25-million? Which property would you buy? Property tops wish list

In our CyberProp Blog we look at some points to consider when looking for a new home.

Enjoy!
The editor


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>> Real Estate News - 10 things you should know about property syndications

Over the past five years, unsuspecting investors have poured more than R5 billion into property syndications in South Africa. However, these investment schemes are fraught with danger, and the cracks are beginning to show.

On the back of soaring property prices and low interest rates, property syndications have undergone a revival in recent years. But a slowdown in the property market is likely to expose the flaws in these investment schemes...

>> Building cost inflation slows

South Africa's residential building costs inflation slowed to 4.7% year on year in the fourth quarter of 2007 from the revised 10% in the third quarter, and well down from the 38.8% peak reached in the third quarter of 2006, new data showed.

The FNB Q4 Commercial Property Finance Residential Building Cost Index reflects the average building cost per square metre, as priced by building contractors when winning tenders.

The average building cost per square metre was measured at 5,264 rand in the fourth quarter.

"This slowdown is believed to be reflective of a residential property market increasingly under pressure from the lengthy period of interest rate hiking, along with a slowing economy.

"One would expect contractor pricing power to suffer as a result," said John Loos, a property strategist at First National Bank.

Article from:

>> The impact of electricity production and distribution shortages on the property market

When one looks back over the years of economic or property data, it is possible to identify certain spikes or troughs which may be associated with a certain event. The early-1980s house price surge could be termed the “Gold Boom Effect”, or one could call one of the slumps in the rand in the late-1990s the “Emerging Markets Crisis Effect”...

>> Keep it simple for a quick sale

Fancy buying that unique house with the perspex dome for a roof so that you can watch the stars at night? Beware - you may get stuck with your private observatory for much longer than you want, because no one else can get a bond to buy it.

"Banks look at properties as security for home loans and are not really interested in the aesthetics you may find pleasing - they are primarily concerned about resale potential," says Berry Everitt, MD of the Chas Everitt International property group...

>> First-time home buyers are getting older

First-time home buyers in South Africa are getting older - largely because they are adopting a "wait and see" approach towards rising interest rates before abandoning the less financially restrictive rental market.

But the majority, when they did buy, opted for properties in the R460 000 to R470 000 range, which were still "reasonably affordable" and, with a bond repayment of between R4 000 and R5 000, on a par with the rental market, according to Jeanne van Jaarsveldt, marketing and financial director for real estate agency Re/Max...

>> Property tops wish list

If you had R1-million to spare where would you invest? What if you had R25-million? Which property would you buy? These are some of the questions that propertygenie.co.za, South Africa’s largest online property search portal that lists over 130 000 properties nationwide, recently posed in an online poll.

According to the poll residential property is the asset most South Africans would buy in if they had R1-million rand to invest, while a wine estate in Paarl is the dream property most South Africans would buy if they had R25-million to spend...

>> "Rampant' property buyers' market predicted

Property sellers will be obliged to be realistic about their asking prices in 2008 as a "rampant" buyers' market will hold sway for much of the year, with at least one and possibly two more interest rate increases in the pipeline.

However towards the end of the year, the Reserve Bank should start easing interest rates once more, giving the market a moderate kick start again but without the runaway price inflation witnessed at the market's peak three years ago, says Martin Schultheiss, CEO of the Homenet property group...

>> Focus on Rustenburg, North West, South Africa

Rustenburg being one of the oldest towns in the province is well established with many fine holiday resorts. The temperature is a good four or five degrees warmer than Gauteng.

It is a malaria-free and relatively crime-free area and is only a ninety minute drive from both Johannesburg and Pretoria. No wonder this region is a favourite getaway for Gauteng residents!

>> View Properties in North West
>> View Properties in Rustenburg

>> Property of the week

North West, Rustenburg

Bedrooms: 4
Bathrooms: 2

Best build double storey dwelling in Rustenburg. 4 Spacious bedrooms each with TV and air-con and 2 beautiful bathrooms upstairs. Kitchen with marble tops, table with marble top and 8 chairs included. Room with glass can be used as gym or sun room. Lounge, dining room and kitchen with ceramic tiles, blinds and curtains remains in house...

Search for property in your area

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>> News from - Anne Porter Knight Frank

CONSTANTIA'S "SOUTHERN COMFORT" COMES ON THE MARKET

Marianne Price and Lana Redman, who together sell homes in the Upper Constantia area on behalf of Anne Porter Knight Frank, the Claremont headquartered estate agency, have secured buyers for one of Constantia's best known homes, "Southern Comfort"...

>> CEI Overseas Properties Launch Press Release

Launch of Overseas Property Sales Company - A first in South Africa

Marketing South African real estate internationally remains a committed focus of Chas Everitt but now the leading property group is bringing the world of international property investment to South Africans.

The launch of this venture is well timed due to the convergence of a number of factors, chief amongst these being...

>> Syndic8 Solutions

Syndic8 Solutions specialises in the fractional ownership of luxury vacation properties and provides comfortable and practical solutions to making an investment commitment. Some of the properties in our portfolio include:

Zebula Country Club - Bella-Bella - From R475,000
African bush lodge experience.

For four weeks a year, you could own a portion of paradise. Zebula Country Club - Bella-Bella is an upscale, established bushveld estate, luxuriously nestled in the Limpopo Province, just 20 minutes outside the sunshine town of Bella-Bella. The reserve is situated in the peaceful and protective shadow of the majestic.

  • 5 Star Rated Estate
  • Waterberg Mountains
  • 4 Double bedrooms and 5 bathrooms
  • Peter Matkovich designed golf course
  • 20 Minutes from Bella-Bella
  • Zebu Health Spa
  • Game viewing in an adjacent Big 5 game reserve
  • Spectacular views from surrounding wooden decks

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4-week share is from R475 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pinnacle Point Fynbos Village - Mosselbay - From R385,000
Pinnacle Point Fynbos Village has been referred to as golf’s new “Garden of Eden”. Situated at the gateway to the magnificent Garden Route.

We are offering you this luxuriously furnished seaside paradise and golf course extraordinaire as an ideal chance to Buy into Life.

  • 4 Bedrooms, 4.5 bathrooms
  • 180° Sea view
  • 2 Private beaches
  • 4-Seater golf cart
  • Casino Centre
  • Wellness Centre

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is fromR 385 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pecanwood Estate - Hartebeespoort Dam - From R445,000
This is a proud new addition to the Syndic8 Solutions exclusive portfolio. Situated only forty minutes from Johannesburg, Pecanwood boasts a magnificent Jack Nicklaus signature golf course, which forms the perfect backdrop for the distinctive architecture of the luxurious homes. We are offering you this lavishly furnished house as the perfect chance to Buy into Life.
  • 5 Bedrooms, 4 bathrooms
  • 1 Jet ski & 1 Ski boat
  • 18 Hole Jack Nicklaus signature golf course
  • House beautifully positioned on fairway
  • Rated No.1 residential Golf Estate
  • House is situated in The Peninsula
  • Breath taking mountain surroundings
  • Walking distance from The Boat Club

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is from R 445 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Contact Syndic8 Solutions for more information:

0861 114 894 / +27 12 644 1495
www.syndic8solutions.co.za
info@syndic8solutions.co.za

>> Software at its best!

The Property Manager provides you with a very extensive and detailed list of criteria which you can capture for your property listings and gives you the control to decide how you would want these properties to be displayed on the Internet

  • Manage property for sale and previously sold
  • Activate or deactivate Internet listings with immediate effect - no waiting!
  • Keep track of your On Show and On Special properties and list them on your website
  • Print and email multiple reports
  • Unlimited number of pictures
  • Keep a history database

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


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