Weekly Property News
Friday, 27 November, 2009

Headlines: We often get emails from readers wanting to know what is overall happening with property prices in South Africa. Good news is that it seems that residential property prices are starting to bottom out around the world even in countries where there were sharp falls. This includes our beloved country South Africa.

Global Property Guide Quarter3 2009: Highlights;

  • Quarterly property price rises have occurred in 16 out of the 27 countries that was included in the Global Property Guide
  • Quarterly property price falls occurred in 11 out of the 27 countries (both major US indices were nominally positive, but adjusting for inflation puts the FHFA index still in negative territory
  • Quarter-on-quarter property prices in the UK, Canada, Germany, Singapore and our own country South Africa were back in positive territory
  • More countries having experienced house price falls (17) during the year to date, than have enjoyed price rises (10)

Marketing updates: 36.7 percent of property buyers in the last year paid cash! Knowledge Factory, in conjunction with their property data division SAPTG, have just released a study of mortgage bonds and trends in South Africa. Mortgage trends in SA

The editor

In This Issue
Featured Property

Northern Capem Kimberley, Hillcrest

Property Type: House
Bedrooms: 3 | Bathrooms: 2
Lovely big family home with flat

CyberProp Property Count: 20/11/2009

Search Now

Properties for Sale: 137,876
Properties to Rent: 10,701

News From

Rawson Properties - Eskom rate hikes will have an impact on rents and on bond grants, says Rawson finance executive

Residential property landlords hoping for a big step-up in their 2010 rents will almost certainly have to think again – and the reason for this is that Eskom’s proposed price hikes...

Real Estate News International

World’s housing markets recovering unevenly

Housing markets in the world’s leading economies continue to recover, says the Global Property Guide's summary of housing statistics for the year to end-Q3, 2009...

Local News

Banks "distorting" property prices

Should property buyers be stuck with a home, and its mortgage, for at least 5 years...

Mortgage trends in SA

Tito Mboweni is the first South African Reserve Bank governor to have become a true celebrity!

Everywhere he appears in public, groupies hang onto his lips, frantic to know whether there will be another rate-cut or not...

World Cup Gives South Africa Short Term Boost; Real Estate Experts Hopeful for Long Term

Real estate transactions in South Africa have gone up 40 percent in the last two months, according to Property Abroad magazine...

2010 countdown: 9 property questions every home owner wants answered

Next Friday the mad scramble begins when FIFA draws host cities

2010 ACCOMMODATION ACCORDING TO MATCH. MATCH answers pressing accommodation questions...

Investor faith growing again

Faith in property as an investment is beginning to rekindle, say the property experts...

Now time to secure an option to buy

As the property market and economic conditions improve, sitting tenants in rented accommodation should seriously consider getting an “option to buy’’ clause added to their rental agreements, property experts say...

Green roofs mean big savings

Everyone is concerned about energy costs these days and one of the best ways to improve energy efficiency in your home is to ensure that your roof and ceilings are properly insulated so that the interior stays at a constant, comfortable temperature...

Black buyer numbers way down in better suburbs

The credit crunch over the past two years has caused the percentage of black homebuyers in Johannesburg’s middle and upper-income suburbs to drop dramatically and is slowing the full integration of these areas...

Jobless whites move into shacks faster than blacks

But employed whites are still the country's top income earners. New stats

Although whites remain South Africa's top income-earners, jobless whites are moving into shacks faster than any other race group....

The 'Big Five' when buying a home in SA

With South African banks granting 100% home loans again, South Africans are slowly but surely starting to buy property...

Bullish ABSA house price figures confirm Greeff Properties' mid year predictions

Among those to crack a bottle of champagne this week after reading the latest housing price statistics from ABSA were Mike Greeff, CEO of the Cape Peninsula estate agency Greeff Properties, and his MD, Graham Leslie...

Blue flag beach homes

The recent awarding of Blue Flag status to no fewer than 14 Western Cape beaches is a clear indicator of the value of the province’s coastal property...

Property developer conned

A property developer who lost thousands of rands in an alleged share scam, described himself in court on Tuesday as a simple and basic person...

Complex construction and renovation of the Cape Quarter extension

The extension to Cape Quarter sets the trend in environmentally considerate lifestyle shopping developments...

Geyser: who pays?

In a sectional title complex, who is responsible for the excess payment to the insurance company for the replacement of a geyser...

Focus On

Focus on Kimberley, Northern Cape

The city was founded arround a big hole about 800m deep when diamond diggers and about 30000 workers excavated the diamond pipe during the late 19th century...

>> View Properties in the Northern Cape
>> View Properties in Kimberley

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;

  • Green Point (Cape Town)
  • Bloemfontein
  • Bronkhorstspruit
In the Area 1 - Green Point

New Green Point Stadium has brought 'magic' to the area. Now that the new Green Point stadium is all-but complete – and lit up with a magical soft glow at night...

In the Area 2 - Bloemfontein

Bloem to get new student housing

Pressure on Bloemfontein’s student housing market will be relieved with a new development set to be built next to the university campus.

In the Area 3 - Bronkhorstspruit

Bronkhorstspruit draws developers

Strong rental demand for residential units in Bronkhorstspruit is encouraging new development...

To the editor

As I look back over the past year and view the devastation caused by what has been dubbed the worst global economic meltdown since 1929. I feel most grateful that our team has weathered the storm and that we have emerged from it stronger, leaner and fitter. The strong character together with the skills and knowledge of the Chas Everitt Management together with our agents who are the lifeblood of our organisation, have delivered immense value to our sellers and our purchasers of property during these trying times.

The green shoots of recovery and new waves of opportunity are starting to grab the attention of the savvy cash flush property investors. This has reflected in a 70% increase in sales turnover for the last quarter of 2009 versus the same period in 2008. The official GDP growth figures confirm for the first time that the recession is now finally over.

As 2010 closes in, this positive news toppled with the excitement relating to the Soccer World Cup which is manifested by the stadiums of dreams we are seeing around the country. This momentous opportunity of marketing ourselves on the world stage as a world class tourist destination will offer our economy and in turn our nation much needed job creation and will benefit Africa's image in the eyes of the world and which will be enjoyed for years to come . This is also a milestone year for our Group who enjoys a thirtieth birthday in June.

Our Company is in great shape and we are poised to leverage the tremendous service orientated, creative and entrepreneurial spirit of our people to increase our footprint in the areas where our franchises are established and also to grow our footprint around the country where we are not yet. Our superior human capital and phenomenal business systems which offer a world first will ensure we remain the leaders in this space. Our growth this coming year will be exponential and our customers will benefit from being able to interact in a collaborative manner within our business environments to ensure a custom made real estate experience.

We look forward to serving all our past, present and future customers in an approachable, non threatening manner. Our knowledgeable, well trained and skilled sales associates look forward to dazzling you with a real estate experience that will keep you and your friends and family coming back for more.

I wish all the stakeholders in our industry a safe festive season and a tremendous 2010. I want to thank our customers for their ongoing support and positive feedback over the past year which has helped build an even better customer orientated philosophy. . A special thank you to all our staff and our sales teams who have worked tirelessly to ensure we are ready to deliver what I believe will be the difference between the Chas Everitt real estate experience and the rest of the industry .

Warmest property regards
Berry Everitt
CEO - Chas Everitt International Property Group

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