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| >> Real Estate News – South Africa: Fewer Investors in Buy-to-Let Property Market |
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When the residential property boom started about five years ago, buy-to-let investors entered the market hoping to earn an income from letting out second or third properties. However, as the boom gained momentum more and more people opted to buy property instead of renting to take advantage of the favourable economic conditions...
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| >> A jumbo architectural project by any measure |
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Santa Monica - A wealthy California woman is set to turn a Boeing 747 jet into a house on some of the most exclusive real estate in the world. Francie Rehwald wanted a house that was environmentally friendly and "feminine". Architect David Hertz, a specialist in using recycled materials, said Rehwald was stunned when he recommended an old 747, the biggest commercial aircraft in service. The jumbo jet cost about $40 000 from a cemetery for more than 1 500
scrap airliners in the California desert...
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| >> Sellers have serious competition |
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With residential stock levels continuing to rise steadily in most parts of the country, sellers need to accept that they’ve got serious competition.
So says Terry Brookes, chairman of one the country’s largest real estate groups, the National Referral Network (NRN). Commenting on what he called “a noticeable shift in real estate buying patterns” since the market peaked during mid 2004, Brookes said that buyers were no longer queuing five or even ten deep for properties. Instead, buyers now had a choice of properties in most price ranges, he said. This meant that sellers were under pressure to make correct choices, not only in terms of pricing but also when deciding which estate agents they would use to market their homes...
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| >> First four-star hotel for Soweto |
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The 46 luxury-room Freedom Square Hotel, which will also have two presidential suites, should open its doors at the end of October. Steven Bagg, executive director of developers Zatic Group, says the shell of the hotel was built as part of Sisulu Square by the Johannesburg Development Agency and Blue IQ. A tender was put out for the development of the hotel and the Freedom Square Hotel company’s proposal was accepted. “A mock-up room should be complete by the end of next month, and will give us a base from which to work, ” says Bagg. “There is huge confidence in the Soweto area, and the development around the Kliptown area boosts investor confidence,” he says. The Industrial Development Corporation is funding the completion of the hotel facility, together with shareholders of the Freedom Square Hotel company, which include a community trust. A total of R23m is being invested in the development. Article from - www.businessday.co.za |
| >> Focus on Barberton, Mpumalanga, South Africa |
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In the beautiful De Kaap Valley where Barberton is situated, some of the oldest sedimentary rock formations in the world are found. The promise of rich gold deposits lured diggers in their thousands to this valley in the 1880's. Among those who came to the valley were Graham Barber from Natal, and his cousins Fred and Henry Barber.
View Properties in Mpumalanga | View Properties in Barberton |
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| >> Investors have yet to score in the property sector |
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Surely real wealth comes from income, not the capital growth, and here is where investors have yet to score “The growth of the listed property sector from R8bn to R63bn in six years has been spectacular, rewarding investors with returns that nobody predicted. Yields have fallen from 16% to about 7% in that time and values have risen accordingly. The show isn't over yet either - but it has changed. There will still be capital growth coming from further re-rating of SA property as it converges with international listed funds...
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| >> Have Fun – Winter Gardening Tips |
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It seems that gardening is a year round activity. There is always something to do. If you can’t think of any gardening tasks, here are a few tips to get you thinking. Watering: Just because the weather is cold, doesn’t mean the ground has frozen. The ground takes longer to cool off than the air does. As long as the ground is not frozen and can accept water, you should water at least your evergreens...
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| >> News form Val Ludgrove Real Estate |
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SHARKS IN THE BAY After the sighting of a 3,5m Great White Shark close to the shore near Central Beach on Wednesday 12th April, a shark warning has been issued to bathers and surfers entering the sea in the Plettenberg Bay area. Plett NSRI Station Commander, Ray Farnham, said the sharks were visibly patrolling along Plett's stretch of coast, but that no incidents had been reported. He did, however, appeal to members of the public to exercise caution and to avoid swimming in the river mouths or where rip currents were strongest as these were most likely to be the areas where the sharks would be feeding on fish. The increase in the Great Whites is believed to be the result of the tail-end of the sardine run and this increase in the number of sharks was expected to continue until early May. Bathers are sun-worshippers are encouraged to call 082 990 5975 to report any sightings.
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