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01 November 2013

 
FROM THE EDITOR

It is always great to report on the expansion of South African business players. According to Michael Bauer, managing director of the estate agency IHPC, there is an increasing number of companies from other countries in Africa as well as Europe who have set up major business operations in South Africa and as a result, IHPC have decided to expand their operations to cover the City Bowl market and much of the Atlantic Seaboard, which property is particularly in demand from these corporates. Read a full article on Rising demand for property from international companies sees IHPC expanding to Atlantic Seaboard

Following a group restructuring to facilitate South African direct investment in Redefine International on Monday the 28th of October, the company completed its inward listing on the JSE’s main board. See an article titled Redefine International lists on JSE's main board for a fulll story.

With a dark cloud of e-tolls looming in the air in Gauteng, Jan Davel, MD of the RealNet estate agency group fears that the toll fees are going to place an additional strain on household budgets and many people who currently use the freeways to commute long distances to work will want to relocate to avoid them. He elaborates further on Tolls set to cause mass tenant migration.

In this issue we look at George, a popular holiday destination; a town that was established as a result of the growing demand for timber. See the Focus On section for more.

Enjoy!
The editor


Property of the Week

News

Rising demand for property from international companies sees IHPC expanding to Atlantic Seaboard

There are an increasing number of companies from other countries in Africa as well as Europe who have set up major business operations in South Africa...


Credit bureaux ratings can be wrong

The often quoted financial consultants, Moneysmart (as well as certain other financial analysts and organisations with national footprints), have in recent months pointed out that the credit rating bureaux receive a flood of statistics and information (from a wide variety of sources whose reliability and accuracy cannot always be guaranteed)...


Electronic signatures

Although in terms of the Electronic Communications and Transactions Act 25 of 2002, where provision was made to allow electronic signatures on legal documents, the exceptions to this allowance is an immovable property agreement of sale...


Sole mandates - Are they worthwhile?

Many sellers shy away from signing a sole mandate as they are worried that putting all their eggs into one basket may reduce their odds of finding a buyer for their home in the shortest time possible...


Liquidation order comes ahead of mandate

If during the process of a transfer of a property, a liquidation order (an application from a creditor to claim monies from a debtor) is passed, the order will be put ahead of the transfer mandate and it is important for estate agents to check whether there is any chance, however remote, of this happening...


Bad landlords still wreaking havoc in the SA residential property market today

In the South African property market today there are numerous systems for checking the track record and financial standing of a potential tenant – and these are widely used because they have proved highly effective


Tolls set to cause mass tenant migration

The introduction of e-tolling is set to cause a major upheaval in the Gauteng property market, and especially in the rental sector...


Buy land in heritage suburbs, investors advised

While buy-to-let property development in newly-built developments is slowly starting to pick up again, investors would also do well at the moment to focus on pre-owned homes with large gardens in the heritage suburbs of SA’s major cities...


Collection of levy arrears

While most would assume that levy accounts are paid up in full every month, there is often a small percentage of every sectional title scheme that does not pay on time or at all...


Conduct rules and tenants

When signing a lease the landlord should attach and disclose prior to signing the lease, all the terms and conditions of living in that home...


Rental demand in estates snookers local buyers

Strict lending criteria and historically low interest rates have combined to keep many prospective middle-class homebuyers out on a limb when it comes to purchases in secure estates...


Your Garden In November - Plant a Food Garden

Gardening in general is a very hands on enjoyable activity and especially so when it comes to the growing of vegetables, herbs and other edibles in your garden...


Redefine International lists on JSE's main board

Redefine International (RPL)‚ which is listed on the London Stock Exchange‚ completed its inward listing on the JSE’s main board yesterday...


Redefine Properties delivers good results across all metrics

Redefine Properties today declared a strong set of results for the year ended 31 August 2013, with distribution of 68.7 cents per linked unit, up 7.3% compared to the previous year...



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Focus On

George, Western Cape - South Africa

Named after a British monarch and established as a result of the growing demand for timber, George is situated along the Garden Route halfway between Cape Town and Port Elizabeth. Although now a popular holiday destination, George was initially established as an outpost in 1776 by the Dutch East India Company who required wood for building...

>> View properties in George


In The Area

The areas we are going to take a closer look at this week are;

  • Constantia
  • Western Seaboard
  • Heideveld
Gentleman's residence in the heart of Constantia winelands
A gentleman’s residence in an exclusive enclave with twelve homes on Klein Constantia Road, nestled between Buitenverwachting, Klein Constantia and Groot Constantia, with “spectacular” views of vineyards and mountains has come on the market...

Buyers piling in to Western Seaboard suburbs
Suburbs along the Western Seaboard are currently providing some of the best property value to be found in Cape Town...

Construction under way at Heideveld
Construction on the first phase at Vanguard Residential Village, an Asrin and International Housing Solutions joint venture, started in September this year and they expect completion of this phase and handovers to begin in April next year...

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Tivvit Property Count 01/11/13

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Properties for Sale:  102,653   
Properties to Rent: 10,290 



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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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