Weekly Property News
26 April 2012

Dear Reader

Cosatu has put its planned anti-toll protest action for Monday on hold pending a court ruling in Pretoria on the matter and called on members of the public to refrain from buying E-Tags. With R20bn spent on this project in one way or another, the public is going to have to pay for it. In E-tolling - general comments we share some advantages and disadvantages of registering as a E-Tag user.

According to Lanice Steward from Anne Porter Properties, contrary to what many people in the US predicted the Wealth Report shows that for high net worth individuals property continues to be the most favoured asset class, accounting for approximately 31 percent of all their assets, an increase of some three percent on last year. Read more in The Rich still love property

In the northern suburbs of Cape Town, a little north east of Bellville lies Brackenfell a residential suburb set within view of the beckoning mountain scenery of Oostenberg. Brackenfell lies just on the outskirts of Cape Town at the start of the rural winelands. From here Stellenbosch, Paarl, Wellington, Franschhoek and Pneil are all within easy reach. Read more in Focus on Brackenfell, Western Cape, South Africa

The editor

In This Issue

Marlborough Park, Brackenfell, Western Cape
House | Notes:
Lovely and Neat 3 Bedroom Free Standing Home with 1.5 Bathrooms, 1 Garage and 2 Living Areas situated in good area of Brackenfell...

Local News

E-tolling - general comments

As you are all aware, motorist in Gauteng will be paying "toll fees" for the use of the new upgraded Gauteng freeways, to fund the Gauteng freeway development project...

Housing market still under pressure

It’s been three years since the recession hit but thousands of South Africans are still losing their homes...

First signs of an upturn in the residential property market

The many property trend watchers looking for signs of an upturn in the market will be encouraged by the data published in the latest FNB estate agents' survey, says Sean McCauley, a director of Rawson Properties...

Solid future for property market

With South African consumers having experienced some of the most interesting times in economic history, it would be easy to think that battle-weary buyers may hesitate to enter the property market...

The Rich still love property

The always eagerly-awaited Knight Frank/Citi Bank Wealth Report has now arrived and, says Anne Porter Properties MD Lanice Steward, it contains more fascinating (and more really encouraging) data than ever before...

India may be able to offer best property opportunities in the next four decades

One of the predictions made in the latest edition of the Knight Frank Wealth Report is that by 2050 the world's largest economy will be - did you guess it? - not China but India. By that time, says the review, the United States will have dropped to number three position, although its average per capita income will still rank it very high, close on the heels of Singapore and Norway. China will by 2050 be ranked the number two economy in the world...

Freeze by developers on all further CBD upgradings?

The property sector has by an large not yet appreciated the huge significance of the Aengus Lifestyle Properties vs Inner City Resource Centre Constitutional Court case...

Growing use of e-media to buy and sell houses

Although the older generation quite often buck the trend and often still buy and sell property entirely with the advice of and through their estate agent, the vast majority of Anne Porter Knight Frank's clients now do a preliminary investigation via the electronic media, says APKF's managing director, Lanice Steward...

Advice to Middle Eastern expatriates on South African property investment

Tony Clarke, Managing Director of Rawson Properties, commented earlier this year that it has always surprised him how few of the large numbers of South Africans working in the Middle East and apparently earning big salaries take the 'obvious step' of investing in South African residential, commercial or industrial properties...

Knight Frank Wealth Report bullish about global property

The always eagerly-awaited Knight Frank/Citi Bank Wealth Report has now arrived on the desks of Knight Frank's South African colleagues, Anne Porter Properties - and, says Porter's MD, Lanice Steward, it contains more fascinating (and more really encouraging) data than ever before...

Middle-aged buyers are most active in the market

Almost half of all buyers of residential property between 1 January 2012 and 1 March 2012 handled by RE/MAX of Southern Africa agents, have, on average, been aged between 35 and 50 years old...

Are you ready?

While homeownership has become the goal for many South African consumers, buying a home too soon without completing the necessary research can leave homeowners with a very expensive noose around their necks, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

Alicia chooses Sotheby’s International Realty

Superstar musician Alicia Keys, who performed in SA at the opening ceremony of the Soccer World Cup two years ago, has just commissioned Sotheby's International Realty to sell her stylish triplex penthouse in Soho, Manhattan...

Doreen Morris joins as director of Leapfrog Property Group

Leapfrog Property Group is delighted to announce that well known television presenter and producer, Doreen Morris, has joined the company as one of its directors...

Environmental law expert tie up

There is, says Garth Watson, a director of the Cape legal firm, Gunstons Attorneys, a pressing need for SA property developers to be able to understand environmental law issues...

Focus On

Brackenfell, Western Cape, South Africa

Brackenfell is a northern suburb of Cape Town situated within the Western Cape province of South Africa at the gateway to the winelands. The local government services are provided by the City of Cape Town Municipality...

>> Properties in Brackenfell
>> Properties in the Western Cape

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In the Area

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

  • Rustenburg
  • Erasmuskloof
Full steam ahead for Rustenburg

Rustenburg, the world's platinum capital, is fast expanding with economic growth of more than 13% per year - and property development is keeping pace thanks to extensive infrastructure upgrades...

Location, location a big plus for Erasmuskloof

An investment property in Pretoria's Erasmuskloof area was recently sold for R1,25m and let to new tenants just 10 days after being listed by the local RealNet franchise...

To the editor

Share your comments with us by sending it to news@cyberprop.com

Local news continue

Could rentals start to boost buying soon?
Amid a growing shortage of rental housing stock and rising monthly rentals, more and more tenants are now exploring the possibility of becoming homeowners in their own right...

Landlords have to be more careful than ever before in their selection of tenants

With South Africans feeling the effects of on-going near-recessionary economic conditions, landlords, says Ian Teague of Gunston Attorneys, have to be more careful than ever before in their selection of tenants...

HOA often set up without a constitution

It will come as a surprise to many who live in or are associated with group housing schemes in South Africa today that there are many such schemes in which the members themselves do not realise that they are - or should be - bound by a homeowners' association which has the right and duty to manage the scheme, control the conduct of its members, charge levies and maintain the common areas...

Dealing with inefficient ST body corporate

Although disagreements over sale agreements remain part of the way of life in the property sector, trial court statistics show that these days they are fairly rare in freehold deals. However, in the sectional title and leasing sectors, the number has risen quite significantly, says Dianne Brock, general manager of the Western Cape Institute of Estate Agents...

Debt collection on the rise

It is a sign of the times (i.e. the tougher economic conditions under which many now live) that legal firms offering debt collection services have seen a greatly increased demand for their services, says Ntombi Mlambo of Gunstons Attorneys...

CyberProp Property Count: 26/04/2012

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