Edition 25 of 2007, Friday, 29 June 2007
South Africa is the county with the fastest-growing commercial
property market in the world with the market perking up in
Johannesburg as it is the commercial heart of the country. Johannesburg
is also the financial centre and Africa's most modern business hub.
Although the national workers strike of three weeks, the longest
in South Africa history, has ended homebuyers are warned that property
transfers will take at least 30 days longer. The whole process
can take up to 120 days.
Fractional ownership - the new buzz word in property has
made a successful and fast-growing entry into the South Africa market,
following the recent worldwide trend, SA property industry
follows global trend
sale Dracula's castle... Bram Stoker, author of the novel
Dracula, used this castle as his inspiration. Dracula has captive
auditions attention since 1897. The castle is currently a museum
and received 450 000 visitors a year. The castle originally was
built as a fortress in 1377 and was given to the Romanian royal
family in 1920. The castle became a possession of the state in 1947,
was transformed into a museum in 1957 and returned to the Habsburg
family in 2006. Who knows who the next owner will be..
"I heard of a company offering bonds with only 6% interest
charge. I was wondering as your newsletter reader & I am sure
other readers would be interested if you could look into this and
advise us" Thank you for your email Morgan. CyberProp.com
did some investigation and indeed it is true. Rudco Financed Company,
based in Cape Town, offers a 6% mortgage interest rate but it
is over a fixed bond period of 20 years. There is also an admin
fee that must be paid upfront. A press release was requested to
speak to no avail.
Moving brings forward one word we all hate.. packing! They CyberProp
blog team share some great tips with our readers on how to pack
for one, use the proper packing materials - CyberProp.com