FROM THE EDITOR

We all celebrated Heritage Day this week but what is Heritage Day?, The day is one of our newly created public holidays and its significance rests in recognising aspects of South African culture which are both tangible and difficult to pin down: creative expression, our historical inheritance, language, the food we eat as well as the land in which we live. If you are not yet part of the South African culture and if you have not yet found your property under the Southern sun now is the time to do so. The property market is right to buy!

Headlines – The repo rate to stay as is! OUTGOING Reserve Bank governor Tito Mboweni was among several world finance experts who did not provide adequate leadership to prevent the global finance crisis, former president Thabo Mbeki said this week. Mbeki was speaking on the "effective exercise of leadership" and the future role of the youth at the University of the Witwatersrand, in Johannesburg. Mbeki said most economists failed to predict the global financial crisis, and quoted from speeches delivered by the chairman of the US Federal Reserve, Ben Bernanke, in April this year and Mboweni, in March this year. "On 13 March 2009, the outgoing Governor of the South African Reserve Bank, Tito Mboweni, went further to say: 'The global financial system is a finite entity, and although risk can be passed around, it does not disappear. (Business Day) Was keeping the repo rate as is not a mistake for the property industry Mr Mboweni? Will we see a rate cut next month?

Market update: Generally we are seeing signs of renewed interest and increasing activity across all sectors of the market - with some areas already experiencing a shortage of stock. Even within the challenging market conditions there continue to be a number of highlights. "Boo," cries Andrew Golding

Marketing focus: Property websites receive record number of visits. You can nominate our property portal CyberProp.com for the 2009 E-Commerce awards as your favorite property portal. Nominate Us Now

Enjoy!
The editor

Focus On

Focus on Calitzdorp, Western Cape, South Africa

If the Little Karoo of old still lives on, then its spirit resides in Calitzdorp - lingering in some vista of loft-doored cottages amongst orchard blooms. Calitzdorp captivates the character of a small Karoo community and its architecture... >> View Properties in Calitzdorp >> View Properties in the Western Cape Chas Everitt Home MakeOver

Chas Everitt plans extreme makeover for children’s home

The Chas Everitt International property group is gearing up to give a section of the Durbanville Kinderhuis in Cape Town an extreme makeover in October.

This follows the hugely successful revamp of the Kid’s Haven on the Gauteng East Rand last year and forms part of the group’s community involvement programme...

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To the editor

What is the right time of year to sell a home? From the editor: All estate agents will testify that one of the questions they are most frequently asked is, “What is the right time of year to sell a home?” “Generally,” said Anton du Plessis, CEO of Vineyard Estates, “at the Cape the perception is, rightly, that spring and early summer are the times when a home will look best and attract the highest offers.” “However,” he added, “I have until this year often convinced people that they should put their homes up for sale in winter because in that season there will be far less stock available and therefore less competition– and this, too, is a wholly valid argument.” This winter, he said, he personally has had many good sales – but other agents have struggled because the traditional stock scarcities have not been evident. Much stock that came onto the market in 2008 is still unsold and helping to keep supply high and consequently prices low. Recently, therefore, for the first time in his 21 year career, he has been following the trend and advising people to wait for October before putting their homes up for sale. Southern Suburbs areas such as Upper Fernwood, which are high up, back onto the mountain and get little or no evening light, and have excessive rainfall and cold temperatures, said du Plessis, really do “present themselves badly in winter” whereas some appear spectacular in Summer. (He did, however, achieve a sale here at R4,1 million in August – to a buyer on transfer to Cape Town – and, he said, there will always be such instances.) “There is, therefore, no perfect month in which to launch a property. Each case and each property must be evaluated on its merits and individual attributes,” said du Plessis Send us your comments to news@cyberprop.com

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