Having trouble reading this email? View it in your browser

08 August 2013

 
FROM THE EDITOR

Had the South African banks consulted broadly with the housing sector leaders prior to embarking on their counter-recessionary strategies, would the South African housing sector be in its present difficult position? Read an article titled SA banks' flawed decisions during recession prove detrimental to the property industry to find out.

As South Africa is preparing for 2014 General Elections, and politicians are out promising the citizens better living conditions, Cecily Ghall, a part-time domestic servant, residing in  Kurland Village, a predominantly coloured settlement of about 2 000 residents, is still on a waiting-list for a government-provided home, since 2008. Due to the state programme failure to keep pace with population growth, informal settlements have mushroomed around cities. Read South Africa's post-apartheid housing failure for a full story.

With higher numbers of inventory in the market and property prices in many areas becoming more affordable, buyers who still want to take advantage of favourable conditions and pricing are advised to move relatively quickly. Read an article titled Why now is a good time to buy property for more.

This week we turn our Focus on Vryburg. Did you know that Vryburg in North West has been nicknamed “Texas of South Africa”? Find out why in our Focus on section of this Newsletter.

It has been reported that Cape Town residents are under a kleptomania terrorism attack, in the street battle for supremacy between man and baboon. Read Kleptomaniac monkeys terrorise an estate in South Africa for more. Like us on Facebook or follow us on Twitter to see a video of this madness.

Enjoy!
The editor

Property of the Week

Vryburg, North West - South Africa
Fantastic investment in a secure area 


News

SA banks' flawed decisions during recession prove detrimental to the property industry

Had the banks operated differently during the recent downturn, the South African housing sector would not be in its present difficult position...


Sacci business confidence index ticks up but still weak

THE South African Chamber of Commerce and Industry (Sacci) business confidence index reflected a mild improvement in July, increasing 0.5 index points to 90.7 from 90.2 in June...


Construction collusion hurts South Africa

Collusion, which contravenes South Africa's section 4.1b of the Competition Act, is considered the most egregious of competition law offences...


South Africa's post-apartheid housing failure

Thousands of South Africans earn too much to qualify for an RDP home and too little get a mortgage. Many are losing hope...


Former black townships house price increase

The areas formerly classified as "black areas" under apartheid have outperformed the former white "suburbs" in terms of house price growth, according to an FNB index...


Mid-range house prices pick up
Nominal year-on-year house price growth in the middle segment of the market accelerated further in the second quarter of this year‚ Absa’s 2013 Housing Review showed...

Offshore exposure benefits Resilient Property Income

Shares in Resilient Property Income Fund gained 1.69% on the 7th of August, 2013 after the group announced a 12.83% rise in distributions to 136.23c per linked unit for the six months ended June...

Investing in property

While the majority tend to focus on the negatives in South Africa, our European counterparts have to face far bigger woes and appear to be managing these challenges. South Africans, too, need to focus on fixing our future...


Why now is a good time to buy property

There have been a number of opportunities for buyers since the recession, with higher numbers of inventory in the market and property prices in many areas becoming more affordable...


To show or not to show

In today’s fast moving, tech-savvy property market, many real estate professionals feel that show days are just not as effective as they once were...


Investors catch on to excellent rental returns in Mossel Bay

Lower-priced residential units in Mossel Bay on the Garden Route are now being heavily targeted by investors anticipating excellent rental returns...




Kleptomaniac monkeys terrorise an estate in South Africa
In the street battle for supremacy between man and baboon, it can only be said that both sides are using guerrilla tactics...





Quick Links

Tivvit extras!

Search For Properties by area

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Focus On

Vryburg, North West - South Africa

Vryburg lies in a rich cattle-farming area. The town has an interesting history. When the Republic of Stellaland was proclaimed in 1882, Vryburg was established as its capital...

>> View properties in Vryburg


In The Area

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

  • Mossel Bay
  • Pretoria East
  • Vryburg

Investors catch on to excellent rental returns in Mossel Bay

Lower-priced residential units in Mossel Bay on the Garden Route are now being heavily targeted by investors anticipating excellent rental returns...



Home prices on the rise in Pretoria East
Home prices in parts of Pretoria's eastern suburbs are on an upward trajectory, with interest among homebuyers being on par now with levels last seen five years ago...


Top Vryburg agency converts to Chas Everitt International brand
The demand for property in Vryburg prompted well-known local attorney and estate agency owner Hardus van der Westhuizen to “go big” and convert his agency to the Chas Everitt International brand...

Vacancies at Tivvit.com

Become part of the dynamic Tivvit team

A following position is currently available, to apply email a detailed CV to tamsin@tivvit.com

Our Offices are situated in the West Rand.

  • NET & SQL DEVELOPER



Tivvit Property Count 08/08/13

Search Now

Properties for Sale: 103,620 
Properties to Rent: 10,169


Like us on
Follow us on
CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.tivvit.com or email: sales@tivvit.com

To the Editor

Share your comments with us by sending it to news@tivvit.com


Get in Touch


"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."

Unsubscribe from newsletter