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Weekly Property News
Friday, 27 November, 2009 |
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FROM THE EDITOR |
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
Enjoy!
The editor
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CyberProp
Property Count: 20/11/2009 |
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News
From |
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Real
Estate News International |
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Local
News |
| Mortgage
trends in SA |
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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...
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| Now
time to secure an option to buy |
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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...
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| Green
roofs mean big savings |
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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...
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| Black
buyer numbers way down in better suburbs |
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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...
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Jobless
whites move into shacks faster than blacks
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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....
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| Blue
flag beach homes |
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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...
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| Property
developer conned |
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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...
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| Geyser:
who pays? |
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Question:
In a sectional title complex, who is responsible
for the excess payment to the insurance company
for the replacement of a geyser...
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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;
- Green Point (Cape Town)
- Bloemfontein
- Bronkhorstspruit
| In
the Area 1 - Green Point |
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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...
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| In
the Area 2 - Bloemfontein |
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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.
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| In
the Area 3 - Bronkhorstspruit |
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Bronkhorstspruit draws developers
Strong rental demand for residential units in
Bronkhorstspruit is encouraging new development...
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To
the editor |
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 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
Share your comments with us by sending it to news@cyberprop.com
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