Weekly Property News
29 April 2011
FROM THE EDITOR

Dear Reader

Will & Kate will be taking the eyes of many South Africans of the local news today. Not even the fight for votes between the voting parties nor the fuel hike taking petrol to over R10 per litre will be as spoken about as the royal wedding.

Headlines: Rising inflation and slowing retail sales sent mixed signals on the economy on Wednesday, as the Reserve Bank warned that higher interest rates could hurt companies and consumers. The stronger than expected rise in inflation backs the view that interest rates will climb before the end of this year, while the slowdown in retail sales suggests there is scope to keep rates steady. SARB warns of rates

Market news: Demand for affordable housing in South Africa far outweighs affordable housing stock, particularly for properties with values below R200 000, where potential demand is in the millions. So says Lightstone property consulting, which recently undertook a survey to identify affordable areas in the country. Affordable housing in demand

Enjoy!
The editor

In This Issue
Featured Property

Western Cape, Swellendam
House
- Bed: 3 | Bath: 2 | Garages: 4
Low maintenance face brick situated on the banks of the Breede River

Local News

SARB warns of rates

Rising inflation and slowing retail sales sent mixed signals on the economy on Wednesday, as the Reserve Bank warned that higher interest rates could hurt companies and consumers...


Residential Property - a premier asset class?

The recent volatility in shares and intangible financial products has again highlighted property as an alternative asset class, favoured by many as an investment medium that clients can see, feel and understand...


5 Positive signs in SA Property market

There are still pessimists around who cannot dismiss the notion that the South African property market is on the verge of a bubble correction of up to a 50% drop in nominal property prices...


Affordable housing in demand

Demand for affordable housing in South Africa far outweighs affordable housing stock, particularly for properties with values below R200 000, where potential demand is in the millions...


Maximise your returns

When looking to purchase a rental property, it is important to take your time and do your research to ensure you buy a property that suits your needs perfectly...


Excellence and innovation in property development is set to shine

Property development is the engine of any free-market-driven economy and this crucial area of expertise will be honoured by SAPOA's Awards...


Why show days are still important

In this electronic age of online listings, video tours and digital marketing, many home sellers don’t see the point of show days anymore...


Green Building Council of South Africa attracting top skills

The Green Building Council of South Africa (GBCSA) has moved from strength to strength in the short time since its inception in 2007, and the past few months has seen the appointment of several new key team members...


Is a townhouse the right home for you?

If you're looking for a home with fewer maintenance requirements, or perhaps a house in the suburbs isn't in your budget, then a sectional title townhouse may be just the answer...


Keep the lights on - and your bills down

Eskom has already advised users that with winter and heavy electricity usage on the way, it cannot guarantee that there will be no load shedding in the coming few months...


Schemes that have gone into decline are strongly advised to get outside help

One of the main reasons for sectional title schemes going into a decline, says Catherine Cockcroft, sales manager of the sectional title levy funding and collection company Propell, is a lack of involvement and/or experience among the trustees...


Renting 101

Along with the decreased affordability of owning property, the stringent requirements of the National Credit Act and banks' aversion to 100 percent mortgages, renting the flat or house you live in gained favour amongst many people in the last few years...


Owners responsible for tenants' conduct

One of the things that owners of sectional title units can find particularly difficult to accept, especially if they live far away from the scheme in which they have invested, is that they are, in terms of Prescribed Management Rule 69, responsible for their tenant’s conduct while he or she is living in the scheme...


New CT robbery hotspot

Cape Town Police on Thursday said there has been a noticeable increase in house robberies in Claremont...

Focus On

Overberg, Western Cape, South Africa

The Overberg offers you beaches and secluded coves stretching for kilometers along the coast, the southern most point of Africa where two oceans meet, the heart of the Whale Coast, symmetrical swatches of rich farmlands set off by rugged mountains, beautiful Fynbos landscapes and a cultural melting pot with legendary hospitality...

>> Properties in the Western Cape
>> Properties in Swellendam


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;

  • Clifton
  • Grahamstown
  • Brits
In the area 1 - Clifton

Clifton garages in demand

A recent Lightstone survey has shown that the Atlantic Seaboard suburb of Clifton, just ten kilometres from the city centre is the most expensive residential suburb in South Africa – with average prices of R11,8 million...


In the area 2 - Grahamstown

Student town booming

Home to Rhodes University and a leafy, character-filled town, Grahamstown’s residential property market enjoys an ongoing demand for accommodation, both to purchase and to let...


In the area 3 - Brits

Brits rental demand up

Investors are buying up as many houses in and around Brits as they can get their hands on, because of the high demand for rental property in the small Northwest town and the good returns to be made...


To the editor

Share your comments with us by sending it to news@cyberprop.com


News from: MPICO

The Gateway - Malawi's first regional shopping mall

Work on the R340 million, 17 500m² “The Gateway” regional retail mall in Lilongwe, destined to be the largest facility of its kind in Malawi, which began in September 2010, is on schedule for a mid-2012 completion, says Tony van Heerden, the leasing co-ordinator on the project...


CyberProp Property Count: 29/04/2011

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Properties to Rent: 10,127

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