Weekly Newsletter
Friday, 29 February 2008
Property Search | Estate Agents | List your property

Edition 8 of 2008, Friday, 29 February

Dear Reader

29 February! Leap Year is not celebrated every year. As we know it occurs every fourth year. Now, what is the chances for another edition of your newsletter on Friday, 29 February in the near future? Very slim so we better make the most of it this year, 2008!

"While there are indications of strain over most of the residential market at present, it would appear that there are certain signs of a higher degree of strain building at the lower income end. While this does not lead me to expect any collapse in performance at the lower –priced end of the former white suburban market, I do believe that its superior performance compared to the higher-priced end will all but disappear this year." This is what John Loos, FNB Home Loan Property Strategist had to say this week. You can also read more about what John had to say about the load sharing and power crisis in Property positive on power

"Howinthegoshdarnworlddidthishappen?" The "for sale" sign was stuck in the ground, an information sheet about the place was taped to it and there were cards from the seller's real estate office attached to the sign. Home isn't always where this heart is, a true story about a renter wounded up signing a purchase of a property agreement

In the heart of South Africa ’s millionaires’ playground lies a tiny private island that is up for sale for R27-million. For sale: A little piece of paradise

With home loans having become more difficult to obtain and afford, thanks to the National Credit Act and higher interest rates, more and more consumers are seeking to rent property. But there is a growing shortage of homes to let, so prospective tenants need to put their best foot forward, says Dr Piet Botha, chairman of the Nationlink estate agency group. How to get the landlord’s attention

I am hoping that someday there will be a serious discussion with all the stakeholders about the housing issue for the so-called "middle income earners". Zodwa This weeks top letter to the editor

Don't forget to visit our CyberProp Blog for more property related news and views.

Enjoy!
The editor


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>> Real Estate News - Home isn't always where this heart is

This is what can happen when you fall asleep with the TV on.

It's a true story about how a long, long, long, longtime renter wound up with a signed contract to purchase a townhouse faster than you can ask "Howinthegoshdarnworlddidthishappen?"

The tale actually began the night that Obama won the South Carolina primary. While watching the replay of his victory speech at about 1 a.m. on one of those 24-hour cable news channels, fatigue finally swept in and won the battle for the night...

>> For sale: A little piece of paradise

A private island in Plett goes on the market for R27m
IN THE heart of South Africa ’s millionaires’ playground lies a tiny private island that is up for sale for R27-million

Stanley Island is a helicopter or boat ride away from the Plettenberg Bay mainland in the Eastern Cape...

>> Blackouts should power building innovation

Property developers should embrace the challenges posed by South Africa’s electricity crisis and introduce energy efficient measures in new housing developments.

This is the call from Fanie Lategan of the Chas Everitt International Western Seaboard office. “It is evident that measures must be taken across a broad front, not only in the immediate future, but also with a view to make better use of energy resources that are set to become scarcer and more expensive.”

>> Property positive on power

While the energy crisis being experienced by the country will be negative for the economy and thus negative for property it might prove to be a ”double-edged" sword in that it might be negative for property development but positive for property returns, according to FNB Home Loans Property Strategist John Loos.

Loos says that while the potential impact is almost impossible to quantify due to the amazing ability of humans to adapt – "so take the various financial estimates of the Eskom effect with a pinch of salt" - it is fair to say that there has to be some negative impact on business and economic growth...

>> Despite Economic Challenges, Investors See Profit Potential in South Africa

The latest news out of South Africa is that its economy grew an "unexpected" 5.3% in the fourth quarter.

Perhaps what perplexed economists about the country’s growth last quarter [and last year] is the wealth of negative economic news coming out of South Africa.

For instance, consider these challenges...

>> How to get the landlord’s attention

With home loans having become more difficult to obtain and afford, thanks to the National Credit Act and higher interest rates, more and more consumers are seeking to rent property.

But there is a growing shortage of homes to let, so prospective tenants need to put their best foot forward, says Dr Piet Botha, chairman of the Nationlink estate agency group...

>> New Exchange Controls a Boost to Offshore Property

FINANCE Minister Trevor Manuel's budget announcement that exchange controls on institutional investors would be removed could prove to be a boost for institutional property players with offshore property funds.

Manuel said last week that exchange controls on institutional investors would be removed and replaced with a system of prudential regulation, involving quarterly reporting and monitoring of foreign exposures by the Reserve Bank...

>> News from: Eden Island

ALL IN ONE FURNITURE, FITTINGS AND APPLIANCES PACKAGES AT THE NEW EDEN ISLAND DEVELOPMENT IN THE SEYCHELLES MAKE BUYERS’ CHOICES SIMPLE

Most of the buyers at Eden Island, the new 450 unit residential development in the Seychelles, are opting to use the developer’s totally comprehensive and very convenient furnishing service for the homes that they have bought here.

Eden Island employed Source (IBA) (Interior Brand Architects), a Cape Town based design studio headed up by Evon Smuts, to develop suitable indoor and outdoor furniture, décor, fittings and appliances as well as appropriate colour schemes for all three categories of accommodation available: apartments, maisons and villas.

>> West Rand security estates in demand

Units in security estates in the Ruimsig area on the West Rand are in strong demand and selling well.

The Chas Everitt International sales manager in the area, Estelle Marais, says sales have picked up strongly in the past year on the back of several new developments, and that with many estates now nearing completion, sales have gained further momentum...

>> Focus on St Francis Bay, Eastern Cape, South Africa

The picturesque holiday village of St Francis Bay lies nestled among the green clad dunes lining the beautiful Bay of St Francis. Dolphins and whales play along the shoreline while the sounds of gulls echo lazily overhead. The Kromme River, navigable for 10 km, twists and winds its tranquil way down to a magnificent marina where the gracious white walled thatched homes are reflected in the quiet water of the canals...

>> View Properties in the Eastern Cape
>> View Properties in St Francis Bay

>> Property of the week

Eastern Cape, St Francis Bay, Canals

Exquisite finishes! North facing with outstanding craftsmanship, wooden floors & fireplace add to ambience of this home with its magical canal views. This property offers a majestic entrance hall with spacious reception areas. Exceptional value!

Search for property in your area

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>> News from - Bales Delaporte

Asset Manage your commercial property now for better selling value in the future

Commercial property investors must be aware of what is required to maximise all aspects of a property’s value over a period of time before deciding to sell.

This is according to Tony Bales of Bales Delaporte, who says that investors often make the mistake of waking up too late and decide to sell their investments before realising their true value.

>> Letter to the editor

Richard Hielckert and his wife enjoying their bottle of sparkling wine after the great article that was submitted by him.

This week I am sharing the following two emails with you;

Hi,

I am hoping that someday there will be a serious discussion with all the stakeholders about the housing issue for the so-called "middle income earners". Those are the people who cannot get subsidy houses from the government and going through the bank is very expensive. It is such a shame because majority of us are in professions like teachers police or nursing. The other professions are people who are working in administration.

What is the government and the finance institutions doing to assist that group?

Regards
Zodwa Thembekwayo

Editor - A very good question and a topic that deserve to be looked at. Zodwa I will forward your email to one of the financial institutions for their response

BECAUSE OF THIS CREDIT ACT, I CANNOT BUY A HOUSE BECAUSE I CANNOT AFFORD TO PAY. I DO NOT QUALIFY FOR RDP HOUSE WHICH OF COURSE I CAN AFFORD. BUT I CAN AFFORD TO PAY A RENT OF R2500. WHAT MUST WE DO?

Rakgadi Hlahane

Editor - Indeed a cry for help. Should you have an answer for Rakgadi please forward it to news@cyberprop.com

>> Brand new Single Title Release in Burgundy Estate

Plot & Plan units in South Africa’s first Smart Estate

Nostalgic memories of children playing in the streets and couples taking an evening stroll are coming to life again in South Africa’s first digitally smart estate.

La Domaine, a Single Title Plot & Plan Development located on the slopes of the Tygerberg in the Burgundy Estate, will materialise this dream for its residents. Formerly part of the historical De Grendel Wine Estate in Plattekloof, Burgundy Estate is a state of the art digital development offering security, recreational facilities, schools, a local shopping mall and much much more! Quickly becoming one of the most sought after addresses in Cape Town's Northern Suburbs, La Domaine is expected to sell out in a matter of days from the launch. Easy access to all the major highways linking the area to Cape Town and its surrounds will ensure that the minimum amount of time is spent on the roads in and out of the Estate.

Consisting of only 16 single title units, La Domaine offers the discerning purchaser a unique offering of personalising their unit according to their individual family requirements and financial capabilities. 5 Units types consisting of 2 or 3 bedroom Duplex units with 1 or 2 bathrooms as well as a guest bathroom downstairs, also provide the option of Single or Double Garages per unit on a variety of suitable plots – a very unique option. All the units will also be fitted with a 42” HD Plasma TV and the residents will have the opportunity to connect to the digital Wi-Fi Zone at a minimum charge.

The opportunity to make this fantastic property your home is further strengthened by a selection of finishes including tiles, carpets, cupboards & light fittings from the selection provided by the developers.

Purchase prices range between R1 165 000 and R1 410 000 and a deposit of only R10 000.00 is required to secure the unit. Pre-approved bonds from all 4 major banks are available to qualifying clients.

For more information, visit www.nationlinkplattekloof.com or contact Nationlink Plattekloof on
tel: 021 911 1043 or 082 771 1072 or email: marelize@nationlinkplattekloof.com


>> 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


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