Weekly Property News
30 March 2012

Dear Reader

It was announced yesterday by The Reserve Bank to keep interest rates the same. The tone that was set was one of hope and I should say expectation that should we receive a hike in the months to come it will not be heavy. This despite rising inflation.

Headlines: Directly held commercial property outperformed equities and bonds in South Africa last year. The SA Property Owners Association’s property index, International Property Databank (IPD), released yesterday, showed property unit trust listed property funds achieved a return of 12.2 percent and directly held property posted a 10.4 percent return last year, compared with 2.6 percent for the equity market and 10.1 percent for bonds. South Africa’s overall commercial real estate market achieved modest growth last year, with a 10.4 percent return. Commercial properties beat the market.

Market news: Prospective homebuyers should accelerate their plans now if they still want to benefit from the “double positive” of low interest rates and low property prices. “Home values have begun to rise in many parts of the country - and even though the average rate of growth will probably be below the rate of inflation for the next couple of years, this is really of little relevance to first-time buyers,” says Berry Everitt, MD of the Chas Everitt International property group. Get cracking if you want to get into the market.

The editor

In This Issue

Eastern Cape, St Francis Bay, Canals
Notes: Prime Position on the Kromme. Fabulous views across the river and to the mountains and sea. Stylish upmarket home perfectly situated with its own beach and jetty...

Local News

East Africa outpaces South Africa as investment destination

Prospects for East Africa as an investment destination are quickly rising, according to a new survey by auditing firm Deloitte &Touche...

Comment on interest rate announcement March 2012

As expected the interest rate remains on its current path a while longer, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

Commercial properties beat the market

Directly held commercial property outperformed equities and bonds in South Africa last year...

Residential property update John Loos talk

Since holding a networking breakfast some three weeks ago, Dianne Brock, manager of the Western Cape Institute of Estate Agents of South Africa (IEASA), has received numerous requests to summarise the residential property update given by John Loos, the FNB economist, at the breakfast...

Get cracking if you want to get into the market

Prospective homebuyers should accelerate their plans now if they still want to benefit from the “double positive” of low interest rates and low property prices...

The time to invest is now

Studying the property market cycles of the past is the best way of catching a glimpse into the property market of the future, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

The foreigners are coming

SA home sellers can now expect to see more foreign buyers in the market once again – although this time around most will probably be looking for permanent residences close to business centres rather than holiday homes...

Don't go shopping without advice

Buying a home is certainly not an everyday or even frequent event for most South Africans, and many aspirant homeowners are at a real loss when it comes to applying for and obtaining mortgage finance...

Good News about Mortgages

The past few years have been tough for home buyers, estate agents and mortgage originators...

Crucial questions home sellers should ask

Property trend watchers analysing the Propstats’ figures for the majority of Cape Peninsula suburbs will, says Lanice Steward, Managing Director of Anne Porter Knight Frank, be forced to conclude that many home sellers, despite ongoing warnings from the leading estate agencies on this subject, are still overvaluing their homes...

Don’t let tenants rob you of a sale

With property prices starting to head in the right direction again, and demand on the increase too, many homeowners who have been letting their properties out of necessity are now contemplating selling...

Field still not level for first-time buyers

The fact that there is no transfer duty payable on newly-built homes bought directly from a developer or a builder is no longer the “big plus” that it used to be for first-time buyers short of cash...

The essentials of ST exclusive use areas

Exclusive Use Areas (EUAs) in sectional title (ST) schemes are, quite simply, parts of the common property whose use has been granted to certain owners for their exclusive use...

Extra charges when buying a home

Although it is now generally known that transfer tax is not payable on properties priced below R600,000 (?), many of those buying homes in the affordable market, says Lanice Steward, MD of the Cape Peninsula estate agency Anne Porter Knight Frank, do not realise that they still have to pay the Deeds Office a processing fee - and this is charged even on homes priced below R150,000...

'Embrace the property transfer process'

Are you unhappy about how long it takes to transfer your new home into your name?

Green Paper on land reform
Some 100 members of the Western Cape Institute of Estate Agents of South Africa who recently attended a talk by Professor Henk Delport , an expert on property legislation, were, says Dianne Brock...

Competition time

Howzit MSN celebrates new look property section with a whopping R20 000 cash give away

Howzit MSN, one of South Africa’s largest portals, has revamped its property section in partnership with CyberProp, and to celebrate it is giving away R20, 000 in cash to one lucky winner. The slick and improved property section adds international property listings, a range of powerful tools such as bond repayment and exchange rate calculators, and excellent data and statistics for buyers and sellers...

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...

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

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

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Enter City/Suburb:

In the Area

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

  • Bantry Bay
  • Midrand
In the area 1 - Bantry Bay

Two reasons to be beside the (wind-free) seaside

Michelle Swart finds out about luxurious new villa units selling off plan in Ocean View Drive, Bantry Bay...

In the area 2 - Midrand

Midrand gets R25bn property boost with unveiling of Waterfall Estate

The Atterbury Property Group has launched a mixed-use commercial development in Midrand that is expected to be valued at R25 billion in its roll-out over the next 14 years...

To the editor

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

Local news continue

Africa’s super-rich

A tiny elite makes up the super-rich across Africa. While millions live in crushing poverty, breakneck growth across the continent has expanded wealth beyond the traditional circle of government workers — for a lucky minority...

PVA news - Gauteng’s oldest shopping mall to be revamped

The years have not been kind to Corlett City, and signs of urban decay were starting to show, but all this is set to change with Park Village Properties’ revamp of the site...

Time to unlock the wealth potential of SA township property

The huge potential for wealth and job creation through putting property ownership and property trading on a sound, well documented commercial footing has been emphasised again by a short presentation to students of a Graduate School of Business’ management course...

Public input invited for new Rental Housing Bill

The public is invited to respond to the redrafted Rental Housing Bill that was introduced on October 28, 2011, in the National Assembly...

CyberProp Property Count: 30/03/2012

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Properties for Sale: 124,868
Properties to Rent: 9,845

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