Property News |
02 December 2011
Welcome to the last edition of the CyberProp newsletter for 2011! I would like this opportunity to wish all our readers a very merry Christmas and a happy 2012.
Headlines: The City of Johannesburgs new town planning scheme is unworkable, will have significant negative effects on the property industry and has ignored virtually all input from SAs property professionals. This is according to the South African Property Owners Association (SAPOA), the voice of commercial property in SA. SAPOA also points to a number of alarming bombshells buried in its fine print. Read more in New town planning scheme spells chaos
Market News: A glum picture for house prices seems to be the case in 2012, reinforced by Absa Home Loans' house price indices released on Thursday, which recorded a slowdown in price growth. Absa's report indicated that house price growth was on the decline as a result of rising headline consumer price inflation, currently at 6% year on year (y/y). Read more in Dim picture for 2012 house prices
Property Count: 09/12/2011|
|From Berry Everitt, Chas Everitt International Property Group|
This year has been quite a rollercoaster ride. In contrast to the uniform gloom of 2009 and 2010, the real estate industry has had to deal with big and rapid highs and lows this year that have left us all somewhat breathless and definitely ready for a holiday...
|House prices hit the brakes|
House price growth appears to be slowing down again according to the latest trends in the Absa house price indices for small, medium-sized and large homes in the middle segment of the South African housing market for which the bank received and approved applications for mortgage finance...
|Dim picture for 2012 house prices |
A glum picture for house prices seems to be the case in 2012, reinforced by Absa Home Loans' house price indices released on Thursday, which recorded a slowdown in price growth...
| SA property value still excites expats|
South Africa is among the top 20 most popular destinations in the world for expatriates, and one of the main reasons is because SA real estate still offers really excellent value for money, despite sharp house price declines in other countries over the past few years...
|Commercial property will lead the market recovery|
Although most residential property market analysts are predicting flat line growth for the next one or two years, there are already signs that in the commercial sectors recovery is underway, says Jason Lee, Head of Rawson Properties new Commercial Franchise Division...
|How to crack a hot sale this summer|
Sunshine and a pretty garden are great sales aids, but youll need more than that to wow potential buyers in the summer holiday season most of whom would probably rather be relaxing with a long cool drink than tramping around in the heat looking at homes for sale...
|Make sure your home's a real heaven|
Most of us think of home as the safest place to be - especially if weve already child-proofed our cupboards and electrical outlets and fenced or covered our pools...
| World's priciest streets|
The most expensive address in the world is not in London, Paris, or New York, as might be expected, but in Hong Kong, says luxury home marketer Ronald Ennik, CEO of Ennik Estates (an affiliate of Christies International Real Estate)...
|New town planning scheme spells chaos|
The City of Johannesburgs new town planning scheme is unworkable, will have significant negative effects on the property industry and has ignored virtually all input from SAs property professionals...
|Special release of vacant stands in Plettenberg Bay|
Chas Everitt International Property Plettenberg Bay has been mandated by the Belgian developers of the renowned Whale Rock developments in Plettenberg Bay to market a number of stands at extremely attractive prices...
|The Mirage set to become a reality as building work starts|
The credit crunch of the past few years has put the brakes on many property developments in SA and around the world - but not on The Mirage, a 17-storey mixed-use project in Cape Towns upmarket De Waterkant area, where the developers have just broken ground to begin construction...
|Business 'unhappy' at cost of going green|
The voice of the private sector is set to grow louder at the climate-change talks in Durban over the coming week, after one business observer said the private sector is dissatisfied with how the talks are going...
|Don't complain when going green|
Landlords who invest in green buildings might be able to lure a higher calibre of tenant and should have a far higher occupancy level than landlords selling space in non-green buildings due to costs savings tenants can derive from renting green buildings, said Org Geldenhuys, managing director of property development and marketing company, Abacus Divisions...
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
the area 1 - Muizenburg|
Considered as the birthplace of surfing in South Africa, Muizenberg attracts many holiday-makers and property investors to its shores during the holiday season...
|In the area 2 - Muldersdrift|
Muldersdrift, traditionally a quiet agricultural area characterised by smallholders keeping a few horses, sheep and chickens, has become the new housing hotspot on the West Rand...
|In the area 3 - Mokopane|
Renewed activity at platinum mines near Mokopane has boosted the town's economy - and prompted a sharp rise in residential rentals over the past year...
the editor |
In answer to last weeks letter to the editor we received the following response;
Dangers of using unlicensed estate agents
As it happens we have fallen prey to a thieving agent, Marita Grobbler of Wellish Properties. She advertised a property to rent in Niona Park, Pretoria North to which we responded.
Being impressed with the property and price and having done a search of Wellish properties, found on a Google search and in Cyber Prop we paid our deposit and contract fee electronically. The occupation date was for 01 December 2011 with a 3 year term.
The lease agreement was signed on the 15th November and returned to Marita Grobbler. We received a signed copy, by the Owner, Riaan Prinsloo, and proceeded to make arrangements for the move, i.e. measured for curtains etc.
When we arrived at our 'new residence' yesterday we were met with confusion and an occupied house. This Marita Grobbler is now unreachable and has not had the audacity to contact us or return our money.
This is very unfortunate especially for the trusting ,unsuspecting person and I can only hope the culprit is brought to book,
If you dont personally know the agent perhaps you should rather consider a reputable agency or franchise where you have guaranteed recourse especially if the offer is enticing or sounds too good to be true.
Such advice in hindsight is always a bitter pill to swallow especially when you are the better person. Unfortunately it seems desperate people do desperate things, especially in these times.
I really feel for you guys and feel terrible this has taken place in our industry
Chas Everitt International Property Group - East London
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|Local news continue|
|Looking for properties on the internet|
Estate agents are concerned that potential property buyers are now spending hours surfing the internet in search of property without achieving satisfactory results. All too often they go to work with no focussed plan or clear goal, says John Birkett, a Rawson Properties agent who specialises in sectional title sales in the Cape Peninsulas academic belt, Rondebosch, Newlands, Rosebank and Mowbray...
|Take the pledge against plastic waste|
One of the easiest and most effective things homeowners can do to reduce their carbon footprint is to stop using plastic bags and bottles whenever possible, and take deliberate steps to see that those they do use are recycled...