Weekly Property News
26 November, 2010
FROM THE EDITOR

Dear Reader

What is home staging and will it help you to sell your property? Home staging is the act of preparing a private residence for sale in the real estate marketplace. The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Home staging is an increasing popular trend in real estate. If you are selling your home you should at least be aware of what this growing practice involves. This according to André de Villiers, National Marketing Manager, Chas Everitt International. Home Staging: No need to hire a professional

Headlines: Statistics South Africa – South Africa’s economy expanded less than what was forecast, 2,6 % in the third quarter. Construction growth slowed to 0.8 percent from 1 percent, while agriculture surged 16.3 percent after expanding 13.6 percent in the second quarter. The retail trade and hotels industry increased 3.3 percent, down from 6 percent, while growth in the finance and real-estate industry slowed to 1.5 percent from 3.8 percent. “We continue to expect that growth for 2010 will average a weak 2.8 percent year-on-year, with growth in the fourth quarter only very slightly stronger than the third quarter,” Annabel Bishop, an economist at Investec Ltd. in Johannesburg, said in a note to clients.

Market news: SAPTG released their results this week for SA’s top 10 suburbs with Bryanston leading the pack and Gauteng suburbs dominating the rest of South Africa.

Enjoy!
The editor

CyberProp Property Count: 26/11/2010

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Properties for Sale: 147,438
Properties to Rent: 10,550

 

In This Issue
Featured Property

Western Cape, Montagu
Guest House
A well established Guest House situated in the tourist hub of town on an extensive 2700m2 site with a lush shady garden, fruit trees and a vegetable patch...


South Africa’s most trusted Real Estate Company

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International News

Football World Cup could put spotlight on Brazil’s real estate industry

The real estate industry in Brazil has been buoyed by a new survey that shows that hosting an international football tournament will do more to boost a nation that any other sporting event...


Local News

Liquidations up 36,9% in October

October saw a 36,9% year-on-year increase of liquidations in South Africa, from 287 cases to 393, according to StatsSA...


SA's Top 10 Suburbs

Top 10 suburbs are based on Total Number of Sales for the period 1 May 2010 to 31 July 2010. We review full title and sectional title properties collectively and exclude sales where purchase price is less than R100k or greater than R15mil...


Bonds and property - peaked?

Property stocks have given investors who backed them reason to smile, delivering a total return over the past 12 months of 30%, almost double that of the all share index...


Home Staging: No need to hire a professional

Home staging is an increasing popular trend in real estate. If you are selling your home you should at least aware of what this growing practice involves...


Making your biggest investment your best investment

It is often said that buying a home is the biggest investment most people will ever make. Adrian Goslett, CEO of RE/MAX of Southern Africa, suggests some ways to ensure it will also be the best investment you ever make...


Conditions ideal for buying

One of the oldest maxims in property dealing – sell when others are buying, buy when others are selling – is widely acknowledged to be right – and widely ignored, says Jason Lee, Rawson Auctions’ legal expert and strategist (who is also the published author of two books on property investment...


Key KZN commercial market on the up

While trading conditions remain challenging, the various sectors of the commercial property market in key business nodes in KwaZulu-Natal are experiencing improving market sentiment, albeit gradual, says Rob Moran, regional director for JHI property services group...


Should you consider a home inspection before buying?

Few property buyers are structural, electrical or construction engineers, which means that most people looking at properties for sale would be unable to spot serious structural problems or other common defects, such as damp or water damage, during an informal walk through...


How to sell it fast

As the year-end draws closer, transfers and relocations are becoming more common-place, says Carol Reynolds, Pam Golding Properties area principal in Durban North and La Lucia...


Plumbing certification is unnecessary

The proposed new Cape Town City Council regulation, which could make it obligatory for home sellers to obtain a clearance certificate on all the plumbing installations in their home, is a useless and expensive addition to an already heavy list of approvals that the homeowner has to pen...


What HOAs can do about children

Sooner or later, the directors of most Homeowners’ Associations are bound to have to deal with at least one member complaint about the behaviour of someone else’s children...


Sect. title parking 101

Considering the densification of South African cities, and the increasing percentage of people with cars, it is no wonder that owners and occupiers of sections in sectional title schemes often struggle with a lack of parking space...


Property - high court decisions

As real estate developers and agents know, some people are prepared to pay staggering sums for a property if it has panoramic sea views or the vista of rolling hills...


Focus On

Montagu, Western Cape, South Africa

Montagu is approximately 2 hours drive from Cape Town on Route 62. This peaceful town is steeped in history and is famous for its awe inspiring rock formations, orchards, vineyards, local herbs and healing hot mineral springs...

>> Property in Montagu
>> Property 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;

  • Montagu
  • Strand
  • City Bowl
In the area 1 - Montagu

Good planning will keep Montagu peaceful

If you want to live in a picturesque country town that won’t soon be spoiled by over-development, then Montagu in the Western Cape would be a very good choice...


In the area 2 - Strand

Homebuyers looking for bargains have put a damper on new development in the Western Cape coastal town of Strand, but there is no shortage of home sales at the moment...


In the area 3 - City Bowl

Cape Town’s city bowl offers solid investment return

Gerlinde Moser, Broker/Owner of RE/MAX Living which operates in Cape Town’s City Bowl and Atlantic Seaboard area including the Waterfront, says that many South Africans who have been working overseas are now moving back and buying property here, while investor buyers are also active in these areas...


To the editor

Hijack prosecutions pointless
Statement by Clr Tsepo Mhlongo - DA spokesman on Housing in Joburg

"I hate to be the negative one, but pursuing and prosecuting building hijackers under the current system is pointless," said Clr Tsepo Mhlongo, DA spokesman on Housing in Joburg.

"An old Soweto stalwart came and laid a complaint with me about a building that she owns in the Joburg inner city being hijacked," related Mhlongo. "I have been everywhere with her, to the department of housing, to the police, even to legal aid, and nobody does anything. This lady was using the building for an NGO and actual officials from the departments of housing and social services helped hijack the building. She gave me papers implicating officials helping themselves instead of helping land lords and tenants."

"Like the housing lists, there should be one central place that landlords can go and report if their buildings are hijacked. This place should be for tenants to report bad building conditions too. And it should be an outside body, since the temptation to take bribes and indulge in corruption is too great in the current department," said Mhlongo.

"I will continue to fight for this lady and try to help, but it would be so much better and easier if the department had an ombudsman or oversight body that could investigate and prosecute building hijackers quickly and effectively," said Mhlongo

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