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10 April 2014

Lanice Steward, managing director of Knight Frank Residential SA has remarked that Cape Town property prices are trending higher than last year and still higher than the national average. This is following John Loos’ latest FNB House Price Index pointing out that the property market is solid and that property prices have risen 8,6% year on year. Find an article titled Property market stable and CT market still ahead for a full story.

Other news that you might find interesting; Nigeria, Africa's most populous country with 170 million people has overtaken South Africa as Africa's largest economy. See an article titled Nigeria surpasses South Africa as continent's biggest economy for more.

A Chinese organisation, Shanghai Zendai Property is planning to build a 1,600 hectare city that will include offices, a light industry park, housing for 100,000 people, schools and entertainment centres. The development is scheduled to start next year, 2015, near Johannesburg. Read an article titled Chinese company plans $8 bln South African city development for more.

We have also compiled a number of articles with useful property tips, to assist prospective home buyers and sellers in decision making. Read articles titled All indicators point to the advantages of employing a bond originator and The process of transferring property for some advice from the Real estate experts.

What will our weekly Newsletter be without The Focus On section? This week we take a closer look at a capital city of Kwa-Zulu Natal province - Durban - also known as eThekwini from a Zulu word, itheku which means bay or lagoon. Did you know that Durban Port is the busiest bay in South Africa if not the entire Africa and it is also the second most prolific South African manufacturing hub after Johannesburg? For more about this beautiful South African city, read an article title Durban, KwaZulu Natal, South Africa.

The editor

Property of the Week

Umhlanga Rocks, Durban, KwaZulu Natal
Exceptional home for the executive, set in peaceful and tranquil surroundings. 


Property market stable and CT market still ahead
Commenting on John Loos’ latest FNB House Price Index (March 2014), which says that the property market is solid and that property prices have risen 8,6% year on year...

Nigeria surpasses South Africa as continent's biggest economy
Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled its gross domestic product to more than $500 billion, data from the statistics office showed on Sunday...

Chinese company plans $8 bln South African city development
China's Shanghai Zendai Property plans to break ground next year on an $8 billion new city development near South Africa's commercial capital Johannesburg...

Major pension fund investment to boost affordable housing stock in SA
The Eskom Pension and Provident Fund has committed R100 million to the development of around 20 000 new affordable homes in South Africa, through an investment in global private equity funder...

The process of transferring property
All documents have been signed and the property has been sold – now what? In the process of selling a property, a vital aspect that the seller needs to consider is selecting the right attorney for the job...

All indicators point to the advantages of employing a bond originator
Over 60% of the home loan applications today are submitted to the banks through a bond originator. Nevertheless, a surprising number of applicants have still not heard about this service or are harbouring misconceptions about this...

First-time buyers holding on to their dreams
Fuel prices have just risen to record levels, the cost of food is set to jump and utility charges are already sky high, so it’s getting tougher by the day for young people to buy their first home...

The internet age: What can estate agents bring to the table?
While the internet and online retail websites have become a continuously evolving fundamental part of many tech savvy consumers, there are elements of dealing with a real estate professional face-to-face...

Tenants must move out on the date specified or they could become liable
When tenants give notice that they are terminating their lease, they should keep in mind the date that they have agreed to vacate the property, because if they don’t move out on the agreed date...

Renting out fully furnished homes
From time to time homes are rented fully furnished for extended periods of time, i.e. long term leases of a few years, not just months, and landlords should be aware that the furniture, rugs, or any other accessories left in the home are also likely to suffer...

Never too early to buy property
Many young adults in their early twenties might think they are too young to buy a property, but Steward says that this is a possibility if you are earning a steady income and have a reasonable deposit to put down...

Seniors cash in - as landlords
As the cost of living continues to rise and eat into retirement savings, senior citizens in many of SA’s established suburbs are unlocking some of the value in their large family homes...

Top tips for selling your property
As more and more areas experience inventory shortages, demand for property is expected to continue rising. This, coupled with the fact that many areas have seen a positive price growth over the last few years...

Illegal renovations and substandard builders can prove costly in the long-run
Buyers of residential property are always being advised to inspect thoroughly the properties on which they hope to make an offer...

Can Sectional Title Trustees be Paid?
The position of a sectional title trustee is a voluntary and often thankless one. Dedicated trustees put a lot of their free time and a mountain of effort into scheme management, yet often receive no remuneration in return...

Developer moves to demolish 'Ground Zero mosque'
A New York City real estate developer has filed plans to raze the "Ground Zero mosque," a structure housing an Islamic community center just two blocks from the site of the September 11, 2001, attacks...

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Focus On

Durban, KwaZulu Natal, South Africa
Welcome to Durban, a capital city of Kwa-Zulu Natal province. Durban, also known as eThekwini from a Zulu word, itheku which means bay or lagoon, is the busiest bay in South Africa if not the entire Africa...

>> View properties in Durban

In The Area

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

  • Durban Jacobs
  • Kalk Bay
  • Potchefstroom
Bluff industrial property now very much sought after
The historic Durban Jacobs industrial area, on which development first began some 100 years ago and which is conveniently sited between the existing Durban harbour and the new harbour to be built on the site of the former Durban airport...

R80 million worth of property sold at The Majestic
Although the Atlantic Seaboard has held the general appeal for foreign visitors or those from Johannesburg, it is evident from the sales figures, that False Bay is also gaining popularity as a coastal destination...

A big thank you from Engel & Völkers Potchefstroom

During the festive season, Engel & Völkers Potchefstroom initiated a charity drive to help those less fortunate...

News Continue

Green education on the up in SA with the GBCSA
2014 will see a marked increase in the availability and delivery of necessary green building education in South Africa as the Green Building Council South Africa launches a new online learning system...

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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

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Tivvit Property Count 10/04/14

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Properties for Sale: 99,394 
Properties to Rent: 9,021

"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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