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Weekly Property News
Friday, 30 April, 2010 |
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FROM THE EDITOR |
Dear Reader
'You are not paying attention' State prosecutor Gerrie
Nel said to Mr. Selibi in the High Court in Johannesburg during
Selebi's corruption trial. Selebi replied: "Mr Nel, I
listen with my ears, not my eyes," Is this what you do
as a potential home owner? Do you listen with your ears or
with your eyes? Or should I rather ask, do you listen with
your heart?
Market news: South Africa’s financial institutions
have taken the brunt of the blame for not approving more mortgage
finance, which many believe would go a long way to further
stimulating trade within the property market. However, with
South Africa’s debt-to-income ratios still at a very
high level, affordability remains a primary consideration
that is weighed up before finance is granted. The bank’s
criteria in the evaluation of an applicant remains around
the affordability and the risk of the applicant when it comes
to the repayment of a long term loan,” says Rudi Botha,
CEO of Betterbond. “The ruling that a maximum of 30%
of the gross salary may be used for the monthly repayment
of the home loan installment has been around even prior to
the inception of the National Credit Act (NCA), and it is
still applicable today.” Key criteria for home
loans
Headlines: Estate agents across South Africa are reporting
an increase in interest from the USA in the local residential
property market. "Every month people from over 170 countries
around the world view properties on our website," comments
Dr Andrew Golding, CE of the Pam Golding Property group. "Interestingly,
what we have noticed currently is a dramatic increase in the
number of website visits from the United States of America
to the extent that this group, in terms of foreign interest,
is now only second in number to the amount of visits we receive
on our website from those in the UK. USA starting to
love SA
Enjoy!
The editor
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Local
News |
| USA
starting to love SA |
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Estate agents across South Africa are reporting
an increase in interest from the USA in the local
residential property market...
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| Key
criteria for home loans |
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South Africa’s financial institutions have
taken the brunt of the blame for not approving
more mortgage finance, which many believe would
go a long way to further stimulating trade within
the property market...
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| Good
buy opportunities in the SA property sect |
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Right now, says Mike Flax, the Executive Director
of Redefine Properties responsible for acquisitions
and mergers, the South African property sector
presents companies like Redefine with a scenario
that is extremely favourable for accretive deals
capable of enhancing a property company’s
bottom line...
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| Politics,
economics drive property value in the global world |
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In a world buffeted by economic meltdown and
ongoing globalization, the value of South African
property lies just as much in building political
stability and realising economic potential, as
in generating income streams or cutting vacancy
rates...
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| Light
up your home sale prospects |
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When preparing their home for a show day, long-time
owners can easily miss one of the most important
factors in creating a great first impression on
potential buyers: good lighting...
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| Home
buying horror tales |
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When buying a second-hand car most people will
have it checked by the AA or a mechanic to make
sure it is in good working order. This is however
not always the case when buying a property; one
of the most expensive purchases you can make...
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| Advice
to property sellers |
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Property sellers must insist on a deposit being
paid in the sale agreement and ensure that the
buyer pays the full deposit - as soon as the agreement
is concluded and the deed of sale signed...
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| Get
a dishwasher, it’s eco-friendly |
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Most people find it hard to believe that dishwashers
generally use much less water than it takes to
wash dishes by hand, but several studies have
shown this to be true, including those done by
the Waterwise organisation in the UK and the University
of Bonn...
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The
way forward according to Absa and Fine & Country
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At a recent Fine & Country property development
launch, Senior Absa Property Analyst Du Toit said
the dramatic decrease in employment and production
of the past year had a proportionally negative
affect on South Africa's household sector...
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| Private
verses Agent |
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Savings in commission are an incentive to sell
a home privately but the decision of whether or
not to use an estate agent should be carefully
considered...
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| Cape
Town's ugly buildings |
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You don't exactly spot ugly buildings, especially
large ones, they kind of assault you from a distance,
bearing down on you as you get closer until thankfully
you're too close and can't see it anymore...
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| Buying
a home together |
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Even though statistics reveal that more and more
unmarried couples are buying property together,
few of them are aware of the legalities around
it...
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News
from Tony Bales |
| SA
commercial property market taking the smooth ride to recovery |
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After many decades of weathering boom or bust
rises and falls, it appears that South African
Commercial Property investors can now sit back
and watch the more developed economies dealing
with unfamiliar cycles in their property markets
– unfamiliar to them that is...
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CyberProp
Property Count: 30/04/2010 |
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Lamberts Bay
- Kroonstad
- Steenberg Golf Estates
| In
the area 1 - Lamberts Bay |
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The picturesque West Coast village of Lamberts
Bay started with humble beginnings as a fishing
village. This seaside town has blossomed into
a tranquil West Coast getaway destination, and
is often thought of as the seafood hotspot of
the West Coast...
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| In
the Area 2 - Kroonstad |
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Aida National Franchises has reopened a real
estate office in Kroonstad.
The franchise has been awarded to Pierre Boucher,
owner of the well-established Aida franchise in
Parys...
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| In
the Area 3 - Steenberg Golf Estates |
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Steenberg's upgraded security places it in a
league of it's own
A recently completed R9 million security upgrade
to the Steenberg wine and golf estate has made
this 104ha precinct one of the securest residential
areas in South Africa...
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To
the editor |
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Will it or will it not? I’m still
not sure what the impact of the World Cup 2010
will have on the property industry. Do you? We’ve
asked you to send us your viewpoint.
Results:
67% - World Cup 2010 will have no impact on the
property industry
33% - World Cup 2010 will have an impact on the
property industry
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Send your viewpoint to news@cyberprop.com
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