Weekly Newsletter
Friday, 28 November, 2008
Property Search | Estate Agents | List your property

Edition 46 of 2008, Friday, 28 November 2008

Dear Reader

The real estate sector notoriously creates a huge carbon footprint. How practical and feasible is it for fast-growing cities like Dubai to aim at sustainable development? This is the question that former president of South Africa, Mr. de Klerk was asked in his recent visit to Dubai. And here is his answer;

“It’s a very big challenge in Dubai and elsewhere. But I have had the privilege to visit Pacific Controls, a platinum-graded building in Dubai, which is proving in practice what can be done. It’s proving the point with the recycling of water, use of environmentally friendly material and power saving that goes with it.

Yes, it can be done in Dubai. But it won’t be painless. Any action plan which successfully addresses the environmental challenge will have to go hand-in-hand with sacrifices. So it will be painful and costly initially. But it has to be done. Otherwise the bill at the end will be very high — so much higher that humanity will not be able to pay.”

“The achievement and maintenance of price stability”, this is the primary goal of the South African Reserve Bank in South Africa’s economic system. Will they come to the “Christmas table” as far as the interest rates are concerned? Will South African property owners be jubilant this Christmas?

Interest rate related articles;

  • Interest rates set to decline in 2009 and end of year home moves will provide a boost
  • Interest rates and a pinch of salt (an article not to be missed)

"Pay off debt and save a little nest egg before you spoil yourself." "Pay off the most expensive debt first, such as your credit cards and shop cards." "Take some extra money and pay yourself first by investing it for your future".
News from – Realestateweb.co.za

Tzaneen, Limpopo, South Africa is the second largest town in the Limpopo situated at the foot of the imposing Wolkberg Mountains. Within easy reach there are fascinating archaeological sites, mighty baobab trees, wildlife and nature reserves, as well as a superb range of tourism facilities. Situated below the scenic splendour of Magoebaskloof in a subtropical district, Tzaneen offers the visitor a change of scenery at almost every turn of the road. Focus on Tzaneen, Limpopo, South Africa

The editor


>> Real Estate news - The global credit crisis clouds the outlook for residential property

THE global credit crisis took a dramatic twist in recent months, triggering intense panic among investors, throwing equity markets worldwide in a tailspin and forcing unprecedented government and central bank intervention in most industrialised countries.

SA was not entirely spared. The global selling frenzy left our equities, bonds and currency bruised. While some of the panic in the markets is starting to ease, the effect on the world economy is only beginning to emerge...

>> Interest rates set to decline in 2009 and end of year home moves will provide boost

Tony Clarke, MD Of Rawson Properties, says that a prediction made ten weeks ago about the likely performance of interest rates remains fundamentally valid.

Clarke said in a statement that appears in the Rawson Properties online franchisees newsletter (www.rawsonfranchisees.co.za) that he expects at least a 10% drop in the rates in early 2009...

>> Interest rates and a pinch of salt

Towards October this year it was bandied about that the Reserve bank might lower interest rates before year end and now it looks as if it might only happen in 6 to 8 months time. My first impression is to think that our reserve bank is very greedy in that almost nowhere in the world is a housing interest rate anywhere near this berserk level and stability in the housing market is almost exponentially responsible for a stable society, thus playing a pivotal role.

Surely property interest rates, relating to property in South Africa, for South Africans, should be handled in a manner totally divorced from commercial ventures and pertaining only to stable housing. As a non resident another scheme would have to be considered. I believe this might, possibly, help to negate xenophobia and it is perfectly fair to treat South Africans in a preferential manner...

>> Get that home loan!

Although we now have the National Credit Act — a piece of legislation that commentators generally view in a very positive light — there are still hordes of South Africans mired in debt and overspending problems. Nowhere is this more obvious, says Tony Clarke, MD of Rawson Properties, than in the housing market where many individuals who should be able to afford a home and qualify for a bond simply cannot do so as a result of overspending elsewhere.

Upwardly mobile, but mired in debt...

>> Beware trying the DIY route when it comes to selling

In these more difficult economic times sellers of homes will be tempted to go the do-it-yourself route and save on agent’s commission – but, says Lanice Steward, MD of Anne Porter Knight Frank, all her experience in property indicates that this can be disastrous.

“There is a considerable propaganda now in favour of going it alone with the help of private seller organisations and a perception in some circles that using them will result in a better price...

>> Some good reasons not to be a private seller

This is not the time to try to sell your house without the help of a professional agent.

That’s the unequivocal word from Tjaart van der Walt, CEO of the RealNet estate agency group, who notes that in boom times, when there are more buyers than sellers and properties for sale are being snapped up within days, there is room for private sellers...

>> Landlords should give tenants credit where it is due

Owners of rental properties should be wary of becoming too strict in their acceptance or otherwise of prospective tenants’ credit credentials and should make use of the full gamut of credit check mechanisms available to them.

Gerhard Kotzé. CEO of the ERA South Africa property group, makes the comments in the wake of delays to proposed legislation which would have amended the Prevention of Illegal Eviction and Unlawful Occupation (PIE) Act...

>> News from – Realestateweb.co.za

Financial advice: bonus or bull?

It's time to ditch advisers, financial services' product-floggers. Go-it- alone by investing directly in shares, property. Your bonus can help.

"Bonus? What bonus?"- questions you may be asking as South Africa's economic growth dramatically pulls back and teeters on the precipice of negative numbers as we get ready for what looks likely to be another tough year...

>> To the editor

To short sell in the stock market means the trader borrows stock (usually from his brokerage) and then sells it on to the market in the hope that the price will fall. He then buys back the stock and either making money if the price of the stock fell or losing money if the price rose. Some traders use this as a strategy to artificially lower the price of a stock. Would you like to do this in today’s property market? This was the question asked in last week’s newsletter;

The majority of the readers answered Yes

>> In the area...

The areas we are going to take a closer look at this week are;

  • Tzaneen
  • Roodepoort
  • Pretoria’s old east
>> In the area 1 - Tzaneen

Electricity supply problems boost Tzaneen property prices

Despite improved electricity supply, electricity approvals for new developments are hard to come by in Tzaneen, which is improving the sale prospects of the more affordable existing homes in the town...

>> In the area 2 - Roodepoort right on track

Roodepoort has weathered the recent property storm better than most areas and local experts are predicting a good 12 months ahead for the West Rand town.

Werner van Schalkwyk, principal of the local Chas Everitt International franchise, says that property values in Roodepoort have been comparatively resilient in recent months, thanks mostly to ongoing commercial development that has underpinned housing demand...

>> In the area 3 – Pretoria’s old east

Buyers return to Pretoria’s old east

Homeowners who previously sold properties in Pretoria’s “old East” in order to move to security developments on the city’s periphery are now returning to the long-established more central suburbs.

And Elsa van Schalkwyk, office manager at the RealNet office in Waterkloof, says many of the buyers coming back to Waterkloof, Brooklyn and Lynnwood cite the convenient location of these areas as the main reason for their about turn...

>> Focus on Tzaneen, Limpopo, South Africa

Tzaneen is the second largest town in the Limpopo situated at the foot of the imposing Wolkberg Mountains.

Within easy reach there are fascinating archaeological sites, mighty baobab trees, wildlife and nature reserves, as well as a superb range of tourism facilities. Situated below the scenic splendour of Magoebaskloof in a subtropical district, Tzaneen offers the visitor a change of scenery at almost every turn of the road...

>> View Properties in Tzaneen
>> View Properties in Limpopo

>> Property of the week

Limpopo, Tzaneen, Magoebaskloof

The property is presently offered to tourists in parties of up to seven adults and two children as a self catering resort. Activities include: * Trout and Bass fishing * Hiking and Horse riding * Abseiling and Kloofing * Mountain biking * Birdwatching. Haenertsburg Village, a charming cluster of essential shops and restaurants only 5km from Bifrost offers interesting diversions...

Search for property in your area

Enter City/Suburb:
>> Hit for six first-time buyers could soon be in pound seats

JOHANNESBURG (November 20) – For homebuyers in the hit-for-six beleaguered affordable housing market meaningful financing relief is on the way from the Treasury financed National Finance Housing Corporation (NFHC).

Initiated by government in response to traditional home lenders failure to achieve state set lending targets in the affordable market the NFHC is in the process of gearing up to offer 100 percent homeloan packages of up to R400 000 plus a further ten percent of the loan value to cover transfer costs of ownership.

>> Offering from Webmail

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Limpopo
Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape