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11 October 2013

 
FROM THE EDITOR

After US politicians failed to reach agreement on a budget for the remainder of the fiscal year, leading to a partial shutdown of the US government, South Africa’s listed property sector declined by just under 1%. Read US shutdown impacts listed property sector for a full story.

Mike van Alphen, National Manager of Rawson Finance, the bond origination division of the Rawson Property Group, has commented that there are small but significant signs that the outlook for the residential property market is improving. Read more on Signs of an improvement in the demand for homes.

The city of Cape Town on Wednesday hosted the first of a series of public meetings to inform residents of the statutory processes that are about to commence to ensure the sustained financial viability of the stadium. During the meeting‚ some residents supported the view that the stadium be demolished. Continue reading this article on Cape Town Stadium cannot be knocked down.

In this week's Focus On section, we visit Stellenbosch, a city that has become to be known as the "town of oaks" becuase of the abundance of this plant, that some of them has been proclaimed national monuments.

Enjoy!
The editor

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Property of the Week

Mostertsdrift, Stellenbosch, Western Cape
Stately spacious mansion in Mostertsdrift Stellenbsoch

News

US shutdown impacts listed property
sector

South Africa’s listed property sector declined by just under 1% during the week ended 4 October 2013 after US politicians failed to reach agreement on a budget for the remainder of the fiscal year...


Commercial Tenant rental payment behaviour shows stability

Given South Africa's weak economic growth, Commercial property tenant rental payment behaviour looks solid although a few flags indicating that some tenants are finding trading conditions difficult...


Demand for housing grows despite on-going blows to consumer confidence

The further decline in the South African Consumer Credit Index reported on recently by TransUnion (their third quarter figure is down to 43,14 as against the second quarter figure of 44,8) has not in any way been seen in the residential property market...


Signs of an improvement in the demand for homes

There are small but significant signs that the outlook for the residential property market is improving...


Credit amnesty could be a Catch 22 for homebuyers

Clearly, there are at least two ways of looking at the credit amnesty that has just been approved by Cabinet...


Nearby private schools: a sought-after commodity

Although demand for property within close proximity of good schools is no new phenomenon, it's less likely now that excellent state schools are found close to home...


How schools impact buying decisions

Ask any property expert what the most important element is when looking to purchase their primary residential property and most would say location. The age old mantra of location, location, location is as relevant as always and stands firm in today’s market...


To sell or not to sell

Imagine being in a predicament where you would like to buy a new property, but could miss out on the opportunity due to receiving a less-than-desired offer on your existing property...


Always make sure your home is not underinsured

In a recent case where a property was insured by a bank and the home subsequently burnt down, it then transpired that it had been underinsured. This has once again highlighted the crucial importance of checking regularly that a home owner’s insurance policy reflects the updated value of the property accurately...


New course designed for sectional title trustees

Registration is open now for the Sectional Title Trustee Training course to be offered online starting 4 November 2013 by Paddocks...


Does a body corporate have a vote for a unit it owns

The Sectional Titles Act, 1986, allows a body corporate to purchase a unit when this is essential for the proper fulfillment of its duties. The Act does not distinguish between units in the scheme administered by the body corporate and those in other schemes...


Home loan strategies for different age groups

Of course people of different ages have different housing requirements – but they also face different challenges when trying to obtain a home loan...


Beyond green - socio-economic factors added to green building ratings

Cape Town, October 2013: In a pioneering move, the Green Building Council SA (GBCSA), with sponsorship from Old Mutual Property, is set to launch a new PILOT Socio-Economic Category (SEC) for Green Star SA rating tools...

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Focus On

Stellenbosch, Western Cape - South Africa

Close to Cape Town, South Africa, and surrounded by the magnificent mountain scenery of the Jonkershoek valley lies the historic town of Stellenbosch. Stellenbosch, the country's second oldest town, after Cape Town, was founded in 1679...

>> View properties in Stellenbosch


In The Area

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

  • Cape Town
  • Pinelands
  • Walkerville
  • Noordhoek
Cape Town Stadium cannot be knocked down
City authorities reiterated on Thursday, 10th of October that the demolition of the loss-making Cape Town Stadium was not “going to be an option” after some residents again called on the city to consider demolishing the World Cup venue...

AGM and Minister Madikizela talk on transformation

The Institute of Estate Agents, Western Cape, is to hold its 76th Annual General Meeting on the 17th October, at 6pm for 6:30pm, at their offices in Sheldon Way, Pinelands...


Secure country living on offer in Walkerville

Although it is situated just 20 minutes south of Johannesburg and Alberton, the predominately rural village of Walkerville has become synonymous with peaceful country living...

Rural Noordhoek a ‘keeper’

Noordhoek with its rural atmosphere, proximity to the beach, large stands and equestrian properties has an abiding attraction for property buyers...

Property News Continue

SA Retail Council unveils 2013 Pioneer and Lifetime Achievement Award winners

The South African Council of Shopping Centres (SACSC) recently announced its 2013 Pioneer and Lifetime Achievement Awards 2013, which recognise exceptional contribution to the retail real estate sector for the nation...


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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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