Weekly Property News
Friday, 30 October, 2009

Headlines: As from 28 October new detailed maps of many South African cities and towns, including Johannesburg, Cape Town, Durban, Pretoria, Port Elizabeth and East London, are accessible on Google Maps through any web browser or via Google Maps for Mobile on data enabled handsets. Although already available in South Africa, the map data has been improved dramatically and is now available with additional features. In addition to searching online Maps, Google Maps users will now be able to find businesses and check driving directions. Businesses will be able to add their own business listings for free via Google Maps Local Business Centre.

Google Maps in South Africa can be viewed in several ways. The “Map” button shows the traditional map view, ideal for finding an address or planning directions between points A and B. To explore in more detail users can choose the “Satellite” button, which includes satellite and aerial photographs. The “Terrain” view shows the physical geography of a place (such as hills and mountains). This button is a great choice if you’re heading out into the countryside. www.travelwires.com

We’ve introduced Google Maps to CyberProp.com and our affiliated websites in May 2009 and this is what Johan Potgieter our webmaster has to say; “Installing the Google Maps API onto our websites was quick and easy. Seeing the maps work on the sites was rewarding, but hearing our users’ comments was even more gratifying, and that is essentially what we were after. Many of our sites feature off-the-beaten-track locations, so having Google Maps on our websites makes it easier to locate a place. No matter how big or how small the website, no matter what target market you are after, and no matter whether your potential clients have a GPS or not, you can show them where your product is on earth, how on earth to get there, and overall improve your website to target more potential clients”. Now that Google Maps South Africa has officially launched we will be adding more mapping features in the next few weeks.

Market update: It’s time to officially call an end to the recession – at least in the real estate sector. So says Lew Geffen, chairman of Sotheby’s International Realty in SA, who notes that the company’s “strike rate” of properties sold as a percentage of those advertised has been back up to 20% for the past three months. Buy signals now unequivocal, says Geffen

The editor

In This Issue
Featured Property

Free State, Excelsior

Property Type: House - URGENT SALE!! MUST GO!! Approx. size of stand - 2 000m²

CyberProp Property Count: 30/10/2009

Search Now

Properties for Sale: 133,514
Properties to Rent: 10,675

Real Estate News International

Turkey and Egypt 'to stay popular'

Turkey and Egypt are set to remain as popular tourism destinations in 2010, according to American Express...

Local News

Buy signals now unequivocal, says Geffen

It’s time to officially call an end to the recession – at least in the real estate sector.

So says Lew Geffen, chairman of Sotheby’s International Realty in SA, who notes that the company’s “strike rate” of properties sold as a percentage of those advertised has been back up to 20% for the past three months...

Avoid a World Cup property ‘own goal’
Property investors must avoid being caught up in the hysteria of the Soccer World Cup as the kick off draws ever nearer....

Western Cape Chairman of IEASA "regrets lack of boldness" shown by SA Reserve Bank's decision to hold repo rate at current level

Breaking ranks with the majority of commentators who have given the thumbs up to the S A Reserve Bank’s October 22nd decision to hold the repo rate at its current level, Ivan Neethling, Chairman of the Western Cape branch of the Institute of Estate Agents, said this week that he would have welcomed a further 0,5% to 1,5% drop in the rate...

New bond availabilities are welcome - but are hampered by negative bank valuations, says Western Cape IEASA Chairman

Confirming recent reports from many of the members of his institute, Ivan Neethling, Chairman of the Western Cape branch of the Institute of Estate Agents of South Africa, said that the financial institutions are now more willing to give mortgage bonds on home purchases - subject to the stringent National Credit Act criteria - but, as yet, the main beneficiaries of this have been buyers in the middle and upper income brackets...

SA's residential landlords: What they own, how they're coping
Ever wondered who owns South Africa's residential property stock? Whether these investors are getting their rent on time, and what types of annual increases they are successfully implementing?

Coastline not for sale to foreigners

Environment Minister Marthinus van Schalkwyk will release the Integrated Coastal Management Bill today, his spokesman said, in what could be South Africa's first substantial move to limit foreign access to its real estate market...

Insurance shock looms for coastal property owners

Escalating insurance costs for some oceanfront homes, others will be "uninsurable"

Buying coastal property could end up being a ‘natural lottery' if scientists turn out to be right about global warming...

Analysing Durban property

The Third Quarter eThekwini Metro FNB Residential Property Barometer pointed to a further jump in activity levels in the region for the fifth consecutive quarter, after a very low bottoming out point in the second quarter of last year...

Analysing Cape Town property

The Third Quarter Cape Metro FNB Residential Property Barometer pointed to a significant jump in activity levels in the region, after a very weak second quarter level...

Cape Estate agents rejoice - spring brings out the buyers

Every Cape estate agent with a few years experience will tell you that he can – and does – sell houses throughout winter. Most, however, will also confess that the moment the spring sunshine appears, buyers come out of hibernation and sales pick up...

The appointment of a competent conveyancer is all important

Repeating a warning that she has given at least once before, Lanice Steward, MD of Anne Porter Knight Frank, said that recent experience has shown again that sellers should never cede their right to nominate the attorney handling their conveyancing...

Focus On

Focus on Philippolis, Free State, South Africa

Founded in 1823 after the Toverberg mission station was closed in 1818 and Dr John Philip, superintendent of South Africa, wanted a mission station in the area, making it the oldest town in the Free State...

>> View Properties in the Free State

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;

  • Knysna
  • Pretoria East
  • Margate
In the Area 1 - Knysna

Knysna property market starting to hum

As the Knysna property market gears up for the holiday season, the news from the principal of the CENTURY 21 Prestige office in the town, Theresa Marais, is that “things are humming”...

In the Area 2 - Pretoria East

Older buyers invest in Pretoria East

Older buyers with cash to invest are finding good value in older suburbs to the east of Pretoria...

In the area 3 – Margate

Great time to buy a Margate property

Holiday properties in Margate on KwaZulu-Natal’s popular South Coast are once again drawing buyers, thanks to high availability and discounted prices...

To the editor

Send us your “real estate agent” stories as we would like to share them with our readers.

Send to news@cyberprop.com

Local News Continue

Law that limits proxies?


We are having our AGM tomorrow, but one of the owners who has been here for a number of years collects proxies from absent owners to the extent that he can outvote any decision at the AGM...

SASSI secure rights for leading self storage hallway systems

SA Self Storage Investments (SASSI), the fastest growing self storage group in SA, has secured from a US based supplier, Janus International, the sole distribution rights for Africa to distribute an all-steel self storage hallway system to both existing operators and potential new entrants to the self storage industry...

Top property man for Chas Everitt in Sandton

Top estate agency manager Riki Scruton has been appointed GM of the Chas Everitt International property group’s operations in Sandton and northern Johannesburg...

News From

News from Paddock Press

Have you ever really noticed the specific factors that make a building look unkempt? We have recently purchased a beautiful Victorian building built way back in 1902 when pride and care was put into the building process...

CyberAgent, the real estate software solution

CyberAgent has been the real estate software of choice over the last 10 years for many of South Africa's leading real estate companies, with over 1200 customers country wide.
CyberAgent makes canvassing easy! Use data from SAPTG, CyberTrade and the Deeds office to do mail drops!
CyberAgent enables the estate agent to manage buyers and sellers, sending them birthday cards, emails etc.
CyberAgent enables the estate agent to manage properties and print great reports with a click of a button.
CyberAgent enables the estate agency to keep track of sales related commissions, VAT, outstanding payments and more...
Get your own dynamic website linked to CyberAgent.
Great exposure! Through your CyberAgent application all properties updated to your site are also send to www.cyberprop.com and to over 50 other property portals.
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