Weekly Property News
Friday, 26 February, 2010
FROM THE EDITOR

Dear Reader

I’m not sure who made more news this week, The National Energy Regulator of SA who has approved Eskom’s tariff hikes over the next three years or the ANC Youth League leader Julius Malema. It doesn’t matter as on the long run it is not the “news” that matters but the “pockets” and that will be the consumer that will be more touched by the electricity price increase.

The proposed increase for Eskom tariffs for 2010 was 24,8 percent, beginning in April. For 2011, it was 25,8 percent and the following year, 25,9 percent -- all beginning in April, Nersa chairwoman Cecilia Khuzwayo said. If you want to make your property more saleable this year, start making sure it’s “energy friendly”. That’s the advice of Berry Everitt, CEO of the Chas Everitt International property group. Energy efficiency now a big property sales point

As long as you are South African, you are welcome to grow your residential property portfolio, is the current ANCYL thinking. Julius Malema & your property rights

Headlines: The South African government should make large tracts of state owned land available to developers free of charge to speed up the recovery of the country’s real estate market, it is claimed. The real estate industry says it is disappointed at a lack of enthusiasm in government circles to help the property market which has been hit by the global economic downturn. South Africa not doing enough to help the country’s real estate market, industry claims

Market news: The latest figures released by credit bureau and rental research agency Tenant Profile Network (TPN) indicate that the rental market in the upper end of the housing market has become increasingly risky for buy-to-let investors, with a significant jump in the number of tenants in upmarket properties who are no longer able to pay their rent. A total of 21 percent of tenants paying rent of R12 000 per month and more made no rental payments in the fourth quarter of 2009, which was almost double the total of 12 percent reported in the third quarter of 2009. Poor make better tenants

Read more in To the Editor

Enjoy!
The editor

In This Issue
Featured Property
Western Cape, Gordons Bay, Harbour Island

This fantastic family home has a spacious TV and music room with underfloor heating and 2 aircons, a braai room and gas HOB, a study, heated towel rails and domestic quarters...

 

CyberProp Property Count: 26/02/2010

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Properties for Sale: 124,893
Properties to Rent: 9,648

Local News

Affordable housing key to economic and social sustainability in South Africa

First National Bank (FNB) Commercial Property Finance views the provision of affordable housing as a business and social imperative in the socioeconomic ?development of South Africa...


South Africa not doing enough to help the country’s real estate market, industry claims

The South African government should make large tracts of state owned land available to developers free of charge to speed up the recovery of the country’s real estate market, it is claimed...


Julius Malema & your property rights

CAPE TOWN: The ANC Youth League, becoming increasingly vocal and more controversial in its views, gives investors in South African residential property its blessing - provided they are not foreigners...


Plan no matter what the shape

Every one of us has a view on whether we're still in the Downturn or whether the Upturn has already started and whether it will be "U"-shaped or "W"-shaped. But at the risk of sounding like an American motivational speaker, "ignore the Upturn and Downturn - make it your turn...


Energy efficiency now a big property sales point

If you want to make your property more saleable this year, start making sure it’s “energy friendly”.

That’s the advice of Berry Everitt, CEO of the Chas Everitt International property group, who says: “The spectre of Eskom’s proposed price hikes hangs over all homeowners, even though they may be smaller than initially expected...


NERSA reaction: Homeowners should consider fixed rates

The National Electricity Regulator’s announcement of approval for a 24.8% electricity price hike for Eskom will mean higher home loan rates in the medium term and homeowners should explore all their options to soften the blow, says the CEO of the ERA South Africa property group, Gerhard Kotzé...


Poor make better tenants

The latest figures released by credit bureau and rental research agency Tenant Profile Network (TPN) indicate that the rental market in the upper end of the housing market has become increasingly risky for buy-to-let investors, with a significant jump in the number of tenants in upmarket properties who are no longer able to pay their rent...


Offer to purchase explained

For many home buyers, the intricacies of making an Offer to Purchase remain a mystery. Adrian Goslett, CEO of RE/MAX Southern Africa, offers some enlightenment: “Essentially, it is an agreement that contains the terms and conditions for the purchase and sale of a property...


On the Move 1(Dormehl Property Group):
The transfer procedure

Once the Agreement of Sale and Purchase has been signed by the buyer and the seller, it becomes a binding agreement. The estate agent will issue instructions to the Conveyancers to attend to the registration of transfer into the purchasers name.


How does a seller protect himself if he has allowed the buyer to appoint the conveyancer

One of the questions he is most frequently asked, says Tony Clarke, MD of Rawson Properties, is why, if the buyer of a property is paying the conveyancing attorney, the seller has the prerogative to appoint him...


Of pipes and old defects

Question:
My sectional title units consist of two sections converted into one. My scullery was previously a bathroom that was converted by the previous owners. I have been living there for more than three years...


Pitfalls lie in wait for the seller who tries to avoid using an agent

There is, says Tony Clarke, MD of Rawson Properties, a growing number of desperate buyers on the hunt for the “eternal bargain”, who try and persuade sellers to avoid using estate agents so as to cut out paying the sellers commission...


Choosing the right estate agent

Selling your home, which in most cases is the most valued asset you will own, can be quite a daunting process. However, with the right estate agent at your side, this process can be made a lot simpler...


Retirement Annuities vs property: Round 2

Visitors responded vigorously to an article by Realestateweb editor Jackie Cameron on why property is a better investment for many individuals. She reckons you should ignore the tax benefits of ploughing hard-earned savings into a Retirement Annuity (RA) and invest in property instead for long-term income purposes...


Upturn in space enquiries on commercial property

JHI CEO Marna van der Walt reports that in the first few weeks of trading in 2010, the company's industrial brokers have seen a significant upturn in enquiries for space...


Prime new commercial and industrial project managed by Intersect

Intersect, the sectional title subsidiary of the Spire Property Group has been awarded the management contract for Glenkey Mews, a light industrial sectional title scheme that is situated within the prime commercial and industrial development of Sheffield Business Park – also managed by Intersect...

Focus On

Focus on Gordons Bay, Western Cape, South Africa

A pictureque coastal town at the sundrenched foot of the Hottentots Holland Mountain Range. Home to the SA Naval College, this Mediteranean-style village is situated only 30 minutes from Cape Town International Airport...

>> View Properties in Gordons Bay
>> View Properties in the Western Cape


Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Search for property in your area

Enter City/Suburb:

In the Area

The areas we are going to take a closer look at this week are;

  • Pretoria East
  • Port Elizabeth
In the area 1 - Pretoria East

Market turning upwards in Pretoria East

Pockets of the property market in the eastern suburbs of Pretoria are now performing well once more and sales are climbing in areas such as Garsfontein and Olympus...


In the Area 2 - Port Elizabeth

Harcourts makes an impact in PE

International real estate group Harcourts has made a big impact on the Port Elizabeth property market with the conversion of three former Homenet offices to the global brand...


To the editor

2010 a good kick off for the property market

I think many would agree that this year kicked off with a lot more market activity. When looking at our sales figures for January the network easily exceeded the sales figures of any month in 2009...

Send your viewpoint to news@cyberprop.com

News from Rama City

There will be beautiful parks…

There’s nothing more forlorn-looking than a huddle of new homes just standing in the bare veld, with a dusty track their only connection to civilisation...


News Continue

Stor-age targeting rental estate agents for World Cup

SA Self Storage Investments (SASSI) along with its management company, Stor-Age Self Storage (currently the fastest growing self-storage group in South Africa), have launched a service which enables estate agents handling the letting of homes over the World Cup period to store valuable goods at one of their multiple Stor-Age locations, in complete safety away from the tenants’ attentions...


Court shocker: Lazy lawyer's costly property error

Lawyer's failure to listen to conditions of sale proves costly; buyer walks off with bargain

Lawyers can play an integral role in the selling of distressed properties...


Beware! Web scam!

Local homes part of real estate Web scam

DECATUR — Richard and Iona Watts were shocked at how quickly potential renters started inquiring about their attractive, well-kept home on Decatur’s Swashbuckler Lane...


Upcoming Events - Green Building Council - South Africa

Green Star SA Accredited Professional Training~ East London

The ever popular Green Star Accredited Professional Training Courses are back in 2010.

We offer a multi-level Green Star SA Accreditation training program to suit a wide audience of people. Green Star SA Accredited Professional training is useful for anyone interested in green building and looking to be a part of the Green Star SA Certification process. All Green Star SA Accredited Professionals are accessible to the industry through a directory on the GBCSA website.

Date: 9 March 2010
Venue: East London Golf Club

Details - HAVE YOU REGISTERED? - Book Now


Community News

Harrismith Sterkfontein Dam Marathon and Swim championships

Saturday 27 February 2010 - 7h00 in the morning

CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

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

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