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06 December 2013
 
FROM THE EDITOR

In this week's Newsletter, read how the FNB house price index edged up to 7.2% last month from a revised 7.1% in October. The average house price‚ according to transactions financed by FNB‚ was R907‚182. For more on this story, read Growth in South Africa's housing prices is slowing

According to a new research report released by Jones Lang LaSalle, Africa is appearing on the radar of an increasing number of major corporations. Read an article titled Commercial Real Estate set to benefit as African urbanisation accelerates for a full story.

It has also been reported that home buyers in SA now need to earn a gross monthly income of around R30 000 to buy an average home costing some R952 000. Continue reading this on Higher incomes needed now to qualify for bonds

Last but not least, as the world mourns a loss of one of the greatest leaders South Africa has ever had, we found it appropriate to take a closer look at Cape St Francis - a town in Eastern Cape - a province in which the late Nelson Rholihlahla Mandela was born. Find out more about this town that is well known for its lighthouse, the Seal Lighthouse on our the Focus On section of this Newsletter.

Enjoy!
The editor


Property of the Week

News

Growth in South Africa's housing prices is slowing

Although South Africa’s house prices rose for the fifth consecutive month in November‚ FNB says house price growth may be losing some momentum...

Commercial Real Estate set to benefit as African urbanisation accelerates

As the world's most rapidly urbanising continent, the Sub-Saharan African commercial real estate market is primed for a "once in a lifetime" positive growth opportunity...

With some global housing “bubble talk” starting up again, where does South Africa's market stand?

During October, Dallas Federal Reserve President Richard Fisher expressed his concerns that another housing “bubble” was developing in the United States, while similar concerns have recently been expressed in other countries like the UK as well...

Higher incomes needed now to qualify for bonds

According to the latest statistics from BetterBond Home Loans, home buyers in SA now need to earn a gross monthly income of around R30 000 to buy an average home costing some R952 000...

Visible security a strong sales point

In a property market where suburban homes must increasingly compete with properties in secure complexes and gated estates, good - and visible - security measures are a key part of attracting prospective buyers...

Picture Perfect

According to statistics nearly 90% of home buyers will look for property online before using any other method...

The year ahead

The past year has been remarkable in terms of property prices and sales...

In The Area

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

  • Stellenbosch
  • Uitenhage
  • Limpopo
Charity needs help after cycle race cancelled
The Chas Everitt International property group has expressed its dismay at the last-minute cancellation this past weekend of the much-anticipated Professional Road Cycling Criterium & Kids Street Races in Stellenbosch...

Uitenhage market blossoms
Property sales are flourishing in the Eastern Cape towns of Uitenhage and Despatch, because although prices there have risen substantially in the past five years...

Limpopo's best-kept wildlife secrets

If you hanker for a home in the bush, close to the iconic Kruger National Park, you need look no further than one of Limpopo’s “best kept secrets” - the Grietje wildlife conservancy about 30km outside Phalaborwa...




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10. Limpopo

Focus On

Cape St Francis, Eastern Cape- South Africa
The adjoining villages of St Francis Bay and Cape St Francis are 20 km from Humansdorp, just off the R330. Less than 40 years ago there was nothing here except fine, white-sand beaches and a mule track which ran from Humansdorp to the lighthouse at Cape St Francis...

>> View properties in Cape St Francis

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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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