Weekly Newsletter
Friday, 30 November 2007
Property Search | Estate Agents | List your property

Edition 47 of 2007, Friday, 30 November 2007

Dear Reader

The property market in the news this week;

US - A housing market meltdown may be wrecking the United States

Asia - From China and South Korea to India and Singapore, housing prices are soaring amid strong economic growth and surging demand. From these countries China is showing the strongest growth

Zimbabwe - Zimbabwe's residential property market is still steaming ahead, despite the economic and political woes in the country. About four years ago the country's property market was booming because it was seen as a shelter against runaway inflation. Although there was a dip in property prices in 2004, South African real estate groups operating in Zimbabwe say the market is performing well, with prices almost doubling over the past two years. Do not let the price put you off;

A picturesque home. Situated 5 minutes from Sam Levy’s Village. Offering excellent entertainment section plus pool, gazebo, court, bar & a selection of attractive outside garden lights. $330,000,000,000.00

South Africa - Property stay strong but higher interest rates and over-indebtedness of individuals will suppress demand for residential property in months to come. The Reserve Bank’s policy committee meets again next week, and is widely expected to raise the repo rate by another 50 basis points to 11%. Home owners can work on an interest rate of 15% in months to come. Furthermore with the petrol price soaring to record levels the trend of working from home will be increasing and can have a profound effect on the property market

Who cares who the next president is? Seeff heavyweight says it’s not the person that’ll dictate property market sentiment.

We received news from FNB Homeloans; Believe it or not, the average priced house is more affordable now than a decade ago - in a sense. Indeed hard to believe.

It was in the early 1800's that Hermanus Pieters, teacher and shepherd at the Caledon farm Boontjieskraal, followed the Elephant Path down to the sea, discovered a fresh spring where he could camp for a few months with his livestock in an environment of exceptional beauty. Focus on Hermanus, Western Cape, South Africa

In our CyberProp Blog we look at why the property market in Pietermaritzburg is swinging towards sectional title.

Enjoy!
The editor


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>> Real Estate News - Asia's hot property market booms - but China may face growing risks

SHANGHAI, China - A housing-market meltdown may be wracking the U.S. economy and shaking the financial markets, but in Asia, the question is how to cool things down.

From China and South Korea to India and Singapore, housing prices are soaring amid strong economic growth and surging demand from developers and upwardly mobile families who want to upgrade their homes...

>> SA homes affordability deteriorates

Prices of average-priced homes have climbed beyond an average person’s means, but the number of people that can afford them has increased, a property strategist said.

"This is a somewhat different story to what many seem to believe, i.e. that less and less people are able to afford houses," said John Loos, a property strategist at FNB...

>> Sellers become more realistic

The latest rise in interest rates (the seventh in 15 months) is having an impact on the market — but could however lead to more realistic pricing, says Lanice Steward, MD of Anne Porter Knight Frank.

According to Steward, she does not see the interest-rate hike as a "proverbial train smash", as there has been no apparent drop in the number of enquiries receiving...

>> South Africa will be spared the fallout from the sub-prime debt crisis

Man-in-the-street talk about the possible impact of the United States sub-prime debt crisis on the South African economy - and the South African property market in particular - has been largely uninformed and sometimes dangerously wild, says Ilan Kaplan, Madison Property Fund Managers’ in-house analyst...

>> Who cares who the next president is?

Seeff heavyweight says it’s not the person that’LL dictate property market sentiment.

As debate around investment sentiment under the next South African president gathers steam, Seeff heavyweight Ian Slot has raised his head above the parapet to say that the identity of the next president is not that important...

>> Best property choices for seniors

If you’re retiring and looking to scale down on home maintenance so you’LL have more time for travel, hobbies or just relaxing, you’ve probably thought about selling your family home.

But then what? Should you rent or buy again? And if you buy, what type of home should it be...

>> Plea for first-time subsidy

Real estate group Seeff Properties has called for more research into the possibility of a subsidy for first-time home buyers to help them enter the property market.

Ian Slot, MD of Seeff Atlantic Seaboard, CBD and City Bowl in Western Cape, says the group is suggesting the introduction of a subsidy for first-time buyers...

>> Focus on Hermanus, Western Cape, South Africa

It was in the early 1800's that Hermanus Pieters, teacher and shepherd at the Caledon farm Boontjieskraal, followed the Elephant Path down to the sea, discovered a fresh spring where he could camp for a few months with his livestock in an environment of exceptional beauty.

Slowly the news of 'good summer grazing and fresh water, right next to the sea – bring the whole family!' spread to surrounding farming districts. The journey was an adventure by ox wagon with provisions for the months away from home...

>> View Properties in the Western Cape
>> View Properties in Hermanus

>> Property of the week

Western Cape, Hermanus, Chanteclair

Bedrooms: 4
Bathrooms: 2
Garages: 2

Situated in a quiet cul-de-sac this home offers a luxurious yet modern lifestyle, ultra modern kitchen with living areas leading to entertaining patio overlooking Onrus Beach.

Search for property in your area

Enter City/Suburb:
>> News from Nedbank Corporate Property Finance

PERTH PARK LAUNCH R100 MILLION RESIDENTIAL PROJECT IN STRAND

Ongoing development in the Strand area – and particularly in the vicinity of Somerset Mall and the beachfront– has been rapid for at least a decade and it appears that it will continue indefinitely, says Richard Edwards, Manager, New Business, for Nedbank Corporate Property Finance (Cape), which has funded a substantial portion of the area’s major developments for the last ten years...

>> News from FNB Homeloans Division

Residential property- Believe it or not, the average priced house is more affordable now than a decade ago - in a sense

Affordability of the average-priced house based on the average person’s income growth has deteriorated over the past decade. However, a different calculation of affordability based on the number of people that can afford the average-priced house shows an improvement in affordability over the past decade, especially on new housing stock...

>> From the CyberProp Blog

Swing to sectional title in capital city

While the property market in KwaZulu-Natal capital Pietermaritzburg has experienced a general slowdown this year, there has been relatively strong demand and sales activity in the sectional title sector.

Albie Timmerman, principal of leading local agency Homenet 1st Realtors, says that in the central part of Pietermaritzburg, including Clarendon, Pelham and Scottsville, sectional title sales have yielded a high turnover in comparison to other suburbs, according to the local Residential Property Price Indicator (RPPI)...

>> Software at its best!

We are constantly look for avenues to advertise the properties of our CyberAgent users and will continue doing just that.

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

>> ADSL phone & Modem combination

ADSL phone & Modem combination:

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  • Speak to friends and family after 19h00 for free, during office hours for only 15c per minute. (need same unit on both sides)
  • Includes a cordless phone
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All you need is an existing ADSL line and a once off registration fee of R300

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We can also assist you with your ADSL application when ordering a ADSL phone.

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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