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Weekly Property News
Friday, 26 February, 2010 |
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FROM THE EDITOR |
Dear Reader
Im not sure who made more news this week, The National
Energy Regulator of SA who has approved Eskoms tariff
hikes over the next three years or the ANC Youth League leader
Julius Malema. It doesnt 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 its
energy friendly. Thats 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 countrys 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 countrys 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
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Local
News |
| Julius
Malema & your property rights |
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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...
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| Plan
no matter what the shape |
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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...
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| Energy
efficiency now a big property sales point |
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If you want to make your property more saleable
this year, start making sure its energy
friendly.
Thats the advice of Berry Everitt, CEO
of the Chas Everitt International property group,
who says: The spectre of Eskoms proposed
price hikes hangs over all homeowners, even though
they may be smaller than initially expected...
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| NERSA
reaction: Homeowners should consider fixed rates |
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The National Electricity Regulators 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...
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| Poor
make better tenants |
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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...
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Offer
to purchase explained
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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...
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On the Move 1(Dormehl Property Group):
The
transfer procedure |
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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.
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| Of
pipes and old defects |
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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...
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| Choosing
the right estate agent |
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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...
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| Retirement
Annuities vs property: Round 2 |
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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...
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Prime new commercial and industrial project managed by
Intersect |
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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...
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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;
- Pretoria East
- Port Elizabeth
| In
the area 1 - Pretoria East |
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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...
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| In
the Area 2 - Port Elizabeth |
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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...
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Send your viewpoint to news@cyberprop.com
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News
from Rama City |
| There
will be beautiful parks
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Theres 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...
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News Continue |
| Stor-age
targeting rental estate agents for World Cup |
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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...
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| Beware!
Web scam! |
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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 Decaturs
Swashbuckler Lane...
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Upcoming
Events - Green Building Council - South Africa |
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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
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Community
News |
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Harrismith Sterkfontein Dam Marathon and Swim championships
Saturday 27 February 2010 - 7h00 in the morning
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