Weekly Newsletter
Friday, 26 November, 2004

Edition 44 of 2004, Friday 26 November 2004

Dear Reader,

The fast food group McDonalds has said goodbyes to its CEO Charlie Bell. He left the group to battle the colon cancer that he has been struggling with. The previous CEO of McDonalds was lost due to a heart attack. My question to you this week, is fast food good or bad for you?

This week we look at what the real estate industry is doing in the United Kingdom as British house prices fell at their sharpest rate since the recession of the early 1990s. - Real Estate in the UK.

Interest rates down and when? .."The numbers are good, but given the seasonal uncertainty, I do not expect a rate cut in December." and yah.."The interest rate environment looks favourable and I think we will see a rate cut in February next year"

Hibberdene, Port Shepstone, Margate, Southbroom and Port Edward form the core of this South Coast 'beach holiday mecca' of KwaZulu-Natal. Quite simply, the very last word in gracious and relaxed subtropical seaside living_plus thrilling, adrenalin- fuelled adventures to boot! Living up to its name, our southernmost Hibiscus Coast dazzles with iridescent blooms against a lush green backdrop, meeting a perennially-warm saltwater playground along 70-kilometres of picture perfect hideaway coves and seemingly endless golden sands, read more in Focus on

Boom times are here and more South Africans are positive about the future than ever before, a ground-breaking survey has revealed. For the first time since 2000, more than half of adults surveyed said they saw a rosy future for themselves and their children in South Africa - Good times roll for SA

Enjoy!

CyberProp greetings!
The editor

>> Real Estate in the UK

Rates derail UK property boom

British house prices fell at their sharpest rate since the recession of the early 1990s in the three months to October, a survey revealed this week — the latest solid evidence that the housing boom in the UK is over...

>> Apprehension at consumer spending

WHILE conversation appears to focus on the domestic residential property market and the possibility of a "bubble" situation developing, less attention is being given to the financial situation of South African households.

Their financial position is key to determining the sustainability of the current house price levels and, while showing some signs of experiencing increasing pressure, on average the household situation appears strong...

>> Good times roll for SA

People’s optimism soars as economy powers ahead in longest boom since war.

BOOM times are here and more South Africans are positive about the future than ever before, a groundbreaking survey has revealed.

For the first time since 2000, more than half of adults surveyed said they saw a rosy future for themselves and their children in South Africa.

>> Cape Flats home buyers get a boost

The first bricks in an innovative housing scheme - to help first-time buyers in historically disadvantaged areas - will be laid on Thursday in Blue Downs on the Cape Flats.

"Bardale Village is the answer for many first-time home buyers who have been battling to become part of the Western Cape's surging property market," the Western Cape's trade and investment promotion agency, Wesgro, said in a statement..

>> Interest rates down? If yes..when?

DAWIE ROODT, chief economist at the Efficient Group: "Both CPIX and CPI came in exactly where we expected. (CPIX) is a good number. The interest rate environment looks favourable and I think we will see a rate cut in February next year."

ANNABEL BISHOP, economist at Investec: "October's CPIX inflation rate came out slightly above our expectations. We expect the inflation target will be achieved in the rest of 2004 and over most of 2005. However, it could still be threatened on the low side in April 2005."

>> Focus on the Hibiscus Coast, Kwazulu Natal, South Africa

A Detailed Overview of the Hibiscus Coast of KwaZulu-Natal: Delights Down South

Two modes of carriage beckon for the 100-kilometre journey from cosmopolitan downtown Durban to the Hibiscus Coast’s gateway resort of Hibberdene – a gleaming dual- carriage expressway to whisk you past sugarcane fields and palm- dotted landscapes in less an hour, or a wood-panelled railway carriage to rekindle that almost forgotten feel of unhurried travel. Both run parallel to the shoreline and present spectacular sea vistas, while calling to mind our Zulu Kingdom’s long, intricate and fascinating past.

View Properties in Kwazulu Natal

>> Property of the week

KwaZulu Natal, Shelly Beach

A FANTASTIC NEW DEVELOPMENT. Situated on the land previously occupied by the Shelley Beach Caravan Park, this 5.2 ha landscaped area will eventually comprise 121 freestanding sectionally titled cottages in addition to the existing 10 cottages. LOCATION: Shelley Beach is rapidly becoming the hub of the lower KwaZulu Natal Lower South Coast with every possible requirement catered for. All the major department stores are housed in the Shelley Beach Shopping Mall as well as banks, cinemas and restaurants.

Search for property in your area

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>> Kaunda keeps on building houses for SA poor

Former Zambian President Dr Kenneth Kaunda has knuckled down to serious business on Monday when he laid some of the first bricks of a new house being built in Mamelodi East.

Kaunda joined an estimated 500 volunteers building 28 houses for families in need in Mamelodi...

>> Have fun!!

You should have known this …

The Estate Agency Affairs Board (EAAB) has castigated some estate agents for colluding with conveyancers, a practice that puts house consumers at a disadvantage because it results in higher conveyancing fees.

In response to Moneyweb questions, board CEO Clive Ashpol said the EAAB has teamed up with the Association of Law Societies and set up a special task team with a view to stamping out these bad practices...

>> Be in the frontline

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>> You can now win with our new competition!
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