Weekly Newsletter
Friday, 31 August 2007
Property Search | Estate Agents | List your property

Edition 34 of 2007, Friday, 31 August 2007

Dear Reader


This is the building of the Chicago Tribune's, 1925 neo-Gothic tower on North Michigan Avenue.

International - Though newspapers are still seen to still be profitable by the masses on Wall Street it is seen as a dying medium. Newspaper companies are increasingly looking to real estate to shore up their finances.

Local - Is this the case in South Africa? No! According André Stadler of Catalyst Fund Managers, one of the "golden opportunities" in the real estate industry in South Africa is the Johnnic headquarters, Rosebank, Johannesburg, home of The Sunday Times, Business Day etc. This building was bought for R139 million in 2002. The cash flow, backed by a R20-million surety, was sold to a bank for R137 million. Today, the building is valued at R500 million and there is potential to add 25 000 square metres of floor space. The value of the building can be expected to improve because it is close to one of the Gautrain stations and is in a sought-after retail area.

Want to turn R500 000 into R1m in 5 years? Property - particularly affordable housing - is the place to be this according to Moneyweb, Doubling your money in five years

We are going "green"! In a press release received this week from Chas Everitt International Property Group the group made a promise to make environmentally sensitive management decisions."We are committed to make a difference and will encourage the estate agency industry as a whole to embark on a similar quest.” says group MD Berry Everitt.

Rewarding the energy savers, The recently-introduced UK system is based on awarding points for energy-saving measures in domestic residences and its application has the effect of enhancing the marketability and value of a property. “This issue is extremely relevant right now with SA battling to meet electricity demand,” says Gerhard Kotzé, CEO of the ERA South Africa property group

Investors and fly-fishing enthusiasts are discovering the charms of the Mpumalanga highveld with Belfast high on the priority list as buyers are looking for weekend getaways. “Homes in Belfast are almost 50 percent cheaper than in neighbouring Dullstroom – and the town offers a variety of excellent fly-fishing opportunities,” Aida Belfast. Belfast is one of the coldest places in South Africa and renowned for its trout fishing and highveld scenery. Focus on, Belfast, Mpumalanga, South Africa.

One of our readers sent in the following question; Do you know where I can obtain the specifications for a Septic Tank System (French Drain)? I am looking for the industry regulations. If you can help email us at news@cyberprop.com

Do not forget to visit our CyberProp Blog for more property news and views.

Enjoy!
The editor


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>> Real Estate News - Don't Stop the Presses -- Sell the Building Instead

When Philadelphia Media Holdings LLC acquired the Philadelphia Inquirer last year, borrowing $375 million for the purchase, the company began looking at ways to pay off its debt. One option: Sell the landmark 18-story building on North Broad Street that has been home to the newspaper since 1924.

Last week the group of local investors acted, putting the 470,000-square-foot Beaux-Arts tower on the market. A person close to the company believes Philadelphia Media Holdings can fetch as much as $70 million for the building...

>> Finance
APPLY FOR A NEDBANK HOME LOAN BEFORE 31 OCTOBER 2007
AND YOU COULD WIN R100 000

If you apply for a Nedbank home loan or move your existing bond to Nedbank before 31 October 2007, you will be entered into a lucky draw in which three lucky clients stand a chance of winning R100 000 each. If you are one of the lucky winners you will get to choose the change you would like to make to your home.

Click here for more information.

>> Credit Act Gets Blame for Home Sales Slump

The number of property sales in Cape Town in the past few months is sharply down, and foreign buyers' enthusiasm for luxury homes in the city is waning, say estate agents.

They blame rising interest rates and the cumbersome provisions of the National Credit Act for the local situation, and crime and a global economic slowdown affecting foreign buyers.

But several agents believe the downturn is a temporary one, and that things will be looking up again by the first quarter of next year...

>> Doubling your money in 5 years

Want to turn R500 000 into R1m in 5 years? Property - particularly affordable housing - is the place to be.

That's according to those who are ploughing big money into bricks and mortar, like property developers. But even life assurers, who have an interest in promoting other asset classes and investments, are seeing the returns to be had in property...

>> Chas Everitt International now thinking ‘green’

Chas Everitt International has become the first major real estate group in SA to “go green” and commit publicly to conduct all its business in an environmentally conscious way.

“We are resolved to engage in a process in which we will search for opportunities to make environmentally sensitive management decisions,” says group MD Berry Everitt...

>> Rewarding the energy savers

South Africa could take a leaf out of the UK property market by introducing incentives to encourage energy saving in homes.

“The issue is extremely relevant right now with SA battling to meet electricity demand,” says Gerhard Kotzé, CEO of the ERA South Africa property group.

He says that industry is the biggest user of electricity, and as a result, the sector enjoys indirect energy saving incentives in the form of broad-based investment allowances for capital equipment...

>> Draft Rates Policy

Changes proposed in terms of the Municipal Property Rates Act, 6 of 2004 will affect the way in which the general valuation roll and rates policy of the City is determined. These changes affect all municipalities nationally.

Some of these changes and implications include...

>> Mpumalanga highveld homes a good catch

Investors and fly-fishing enthusiasts are discovering the charms of the Mpumalanga highveld and although prices have risen steeply in some instances, the region still offers property bargains.

Glen Tweedie, owner of the Aida Belfast franchise that covers several neighbouring towns, says Belfast is now high on the priority list of buyers looking for weekend getaways. “Homes in Belfast are almost 50 percent cheaper than in neighbouring Dullstroom – and the town offers a variety of excellent fly-fishing opportunities,” he says...

>> Focus on, Belfast, Mpumalanga, South Africa

Near the Drakensberg escarpment and 210km east of Pretoria, Belfast is one of the coldest places in South Africa. The grassveld district is known for cattle, dairy and sheep farming. The wattle and bluegum plantations are the oldest in Mpumalanga.

>> View Properties in Belfast
>> View Properties in Mpumalanga

>> Property of the week

Mpumalanga, Belfast

Bedrooms: 3
Bathrooms: 2
Garages: 2

Search for property in your area

Enter City/Suburb:
>> News from - Val Ludgrove

The Whales have arrived in numbers, and can be seen from Natures Valley to Robberg Beach, without getting your feet wet. But for those off you that enjoy the close up action contact the Market Square Info Centre @ 044 533 3219 to book your seat on one of the Whale watching boats.

The December holiday is just around the corner so to avoid disappointment contact us today still or visit our website at www.plettenbergbayrealestate.co.za to view the large variety off accommodation that we have to offer. Please note that 80% of our holiday accommodation has already been book, so HURRY, before it to late.

The property market has slowed down a little with the introduction of the new National Credit Act and the increases in the prime overdraft lending rates. But there our still a few very good buys going around so please feel free to visit our website www.plettenbergbayrealestate.co.za, you might just find something you like.

To all the men & woman out there that enjoys walking after a small white ball or in my case never goes were I want it to go, please remember to book your round of golf in advance. Both the Country Club & Goose Valley is in a very good condition.

There is also good news to those who enjoy feeding the fish or in my case only "polluting" the sea with lead. There has been a few good catches made between Natures Valley & Robberg lately, so if possible pack in a fishing rod.

Take care and we at Val Ludgrove Real Estate hope to see you all in Plettenberg Bay shortly.

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

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

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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