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07 June 2013

 
FROM THE EDITOR

In the News this week, the Standard Bank house price index was up 10.3 percent in May compared with the same period a year ago‚ from 9.8 percent year on year (y/y) in April. Read more on Home prices shoot up 10.3%

When planning to purchase a house, it is important to look at your budget very closely. According to Michael Bauer, general manager of IHFS, if the buyer has R300 a month extra to put towards his bond every month, this equates to R30 000 more house. He elaborates further on Budget responsibility will increase chances of getting a bond

More on purchasing a property, Bill Rawson, Chairman of the Rawson Property Group says it's Wiser to invest in two, three or four properties rather than one substantial unit. See the full article below.

We have useful tips on What you need to know when renting out your property and then we look at the basic Tenants' rights

Sarah Gilbert checks into the recently opened Cape View Clifton hotel in South Africa. Read more as she shares her experience at the hotel with us in The Cape View Clifton, South Africa

Last but not least, please join us in congratulating the Department of Environmental Affairs Head Office; the first 6 Star rated green building in the City of Tshwane, for receiving a certification from the Green Building Council South Africa (GBCSA). Read more on Department of Environmental Affairs Head Office receives highest possible Green Star rating

Enjoy!
The editor

In This Issue
Property of the Week

Hoedspruit, Limpopo - South Africa
Peace And Tranquility In A Wildlife Estate


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News

South Africa Real Estate Market Snapshot 2013
In Johannesburg, the office market is polarised, with occupier demand focused keenly on good quality property in prime, accessible locations. The city has a very constrained development pipeline, with most new projects being tenant-driven and almost no speculative development...

Home prices shoot up 10.3%

The Standard Bank house price index was up 10.3 percent in May compared with the same period a year ago‚ from 9.8 percent year on year (y/y) in April...


Market volatility dampens Listed Property Sector

Movements in bond yields, the rand and inflation rates uncertainty continue to dampen the listed property sector, with the South African listed-property index (FTSE-JSE Sapy index) losing 16% last month...


Listed property's bumpy road offers investment opportunity

South Africa’s listed property sector continued its slide during the week ending 31 May 2013, as the Rand breached R10/US$ and bond yields moved sharply higher...


The consequences of the currency

Not too long ago certain labour movements, political parties and even a few economists called for “a weaker currency”. Now we have one; their silence is deafening...


South African Real Estate Stocks Plummet: Johannesburg Mover
Growthpoint Properties Ltd. (GRT) and Redefine Properties Ltd., fell the most in several years in Johannesburg as foreign investors extended the biggest selloff in South African bonds since 2011 to property stocks...

SA attracting foreigners from non-traditional countries

South Africa, in spite of its obvious problems, with its First World infrastructure and its access into Africa, is increasingly being seen as a destination by people moving from other countries and bringing their assets with them...


Redefine Properties to Sell off Hyprop Investments Stake

The second largest real estate company of South Africa, Redefine Properties Inc., is planning to sell off its shareholdings in Hyprop Investment Ltd by September...



Fountainhead Falls as Takeover Bid Withdrawn: Johannesburg Mover
Fountainhead Property Trust (FPT), a South African real estate company, declined the most in more than six months after larger rival Growthpoint Properties Ltd. (GRT) abandoned a takeover attempt...


Budget responsibility will increase chances of getting a bond
Affordability problems when it comes to qualifying for a mortgage bond, is often the reason that finance is declined, but sometimes there are just small mitigating factors that stand in the way at that time...

What you need to know when renting out your property
Owning a property and leasing it to a tenant can be mutually beneficial arrangement for both parties, provided the landlord adheres to a few key principles from the start when selecting a suitable tenant...

Tenants rights
Choosing to rent a home instead of buying can come with some risks if you don’t understand your rights and obligations as a tenant...

If the landlord sells, what are the tenant's rights
Many tenants might not realise that the “Huur gaat voor koop” principle is still in use and this protects his lease if the landlord decides to sell the property while there is still a valid lease in place...

Wiser to invest in two, three or four properties rather than one substantial unit

Although managing several tenants rather than just one can be irksome and time-consuming, in today’s property market it is almost always wiser to invest in two, three or four lower priced homes rather than one big substantial unit...


Share block schemes should be converted to sectional title
It is interesting to see, particularly on the South Coast of KwaZulu Natal, just how many apartment blocks are still run as share blocks (which was the popular development system used to manage blocks of flats in the 1970s and 1980s)...

Serious implications for those who don't pay levies

The levy account in each household in a sectional title scheme might not seem like an all-important account to pay but as this is actually the lifeblood of the body corporate, any person who withholds their levies for any reason is actually doing it harm...

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Focus On

Hoedspruit, Limpopo - South Africa

Hoedspruit in the Limpopo province is located just a stone’s throw away from the Kruger National Park. The town’s name directly translated from Afrikaans into English means ‘hat creek’. It got this name when one of the town founders took his hat off after a particular tough trek over the mountains in the Lowveld heat and threw it into the Sandspruit River, making the decision to stay...

>> View properties in Hoedspruit


In The Area

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

  • Rondebosch
  • Cape View
Demand for homes in Rondebosch

Knight Frank Anne Porter estate agent, Zanny Muller, reported last week that in the last four months certain categories of homes are seeing increased interest and sales, particularly in the area in which they work in Rondebosch...


The Cape View Clifton, South Africa

Sarah Gilbert checks into the recently opened Cape View Clifton hotel in South Africa...



Property News Continue

Buying residential property in winter can be a good move

Cape Town home buyers have a tendency to hibernate whenever winter comes and the more it rains, the more reluctant they become to get out and look at homes for sale,” says Bill Rawson, Chairman of the Rawson Property Group...


The choice is yours
It goes without saying that if a homeowner decides to sell their property; they want to sell it for best possible price, within the shortest period of time...

Ex-tax attorney in Suffolk faces up to 50 years for fraud

A former Suffolk tax attorney pleaded guilty Monday to federal charges of orchestrating a $2.5 million investment scam involving South African real estate, gold and diamonds...


SA firm to take over franchise

Global real estate services provider CB Richard Ellis has ended its 10-year affiliation agreement with its Kenyan franchise holder and will instead work with a South African firm...


PIC's African invasion

The Public Investment Corp (PIC) recently overtook JSE-listed Growthpoint Properties as the biggest player in the SA commercial property space, with real estate assets under management now at a colossal R62,5bn at March 31...


Department of Environmental Affairs Head Office receives highest possible Green Star rating

The new Department of Environmental Affairs (DEA) head office in Pretoria has received a 6 Star Green Star SA Office Design v1 certification from the Green Building Council South Africa (GBCSA)...


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Tivvit Property Count 07/06/13

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Properties for Sale: 103,996 
Properties to Rent: 11,196 


"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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