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12 July 2013

 
FROM THE EDITOR

As per reports by the Citizen, the stability and regulation of the banking sector is facing some challenges in unsecured lending. Rising debt and low economic growth could lead to increasing political risk and reduced policy flexibility to respond proactively to economic forces that threaten bank stability. Article elaborated on SA's banking industry: the risks.

Buying a home should be a top financial priority for South Africans. But according to Mike van Alphen, National Manager for the Rawson Property Group’s bond origination division, it is difficult for today's young people to become home owners because of their attitude towards debt. Read the full article below.

However, when they do eventually decide to purchase a home and maybe qualify for a home loan, young buyers often have different expectations and wants as compared to the older buyers in the market. Continue reading this article on The unique wants of the younger generation homebuyer.

And according to the latest statistics released by BetterBond, the national average home price has shown positive growth of 9,3% in the year to end-June, compared with just 3,7% in the previous 12 months. See the statistics in an article titled House prices up but growth slowing.

Read an article dubbed - Prospective property buyers beware: Unpaid municipal debts will be transferred to the new owner - for few tips before you purchase.

Enjoy!
The editor

In This Issue
Property of the Week

Constantia, Western Cape - South Africa
Breathtaking! French Perfection at its Best!


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News

Listed property sector vulnerable, but longer term prospects good

South Africa’s listed property sector declined by 3.4% during the week that ended on 5 July 2013 on the back of higher global bond yields, a weaker Rand and the unwind of June’s quarter-end window dressing...


SA property 3rd on Earth

Those involved in the South African residential property sector have repeatedly stated that there are good reasons for confidence in this asset class – and this has recently been reinforced by an analysis in the The Economist...


House prices up but growth slowing

According to the latest statistics released by BetterBond, the national average home price has shown positive growth of 9,3% in the year to end-June, compared with just 3,7% in the previous 12 months...


SA's banking industry: the risks
There will be weakening asset quality in unsecured lending that will negate any real estate market improvement when it comes to the banks’ loan books...

Correlation between bonds and listed property ‘weakening’

The historically close correlation between South African listed property sector yields and yields to maturity on long-term government bonds appeared to break down in June...


Home ownership in SA increasing - but few prospective buyers are eligible for bonds approval
Figures extracted from the national Deed Offices of South Africa reveal that the much-publicised increase in sales in the lower section of the residential property market is far more pronounced than most people realise...

SA firm sets August date for Kenya office
Broll Property Group, a South African based property services firm, will have an operational office in Nairobi starting August 1, it has disclosed...

Why Kenya's real estate sector is robust
That the property market in East Africa has witnessed a boom in the last few years is without a doubt. What is uncertain in many peoples’ minds however is whether this is a boom or a bubble...

Romanian conquest by South African firm resisted

It is common practice for European banks to sell their debt holdings, says JSE-listed New Europe Property Investments (Nepi), which is trying to acquire part of the debt of a "distressed" shopping park in Romania...


South Africa's Garden Route Blooms Again

South Africa's striking 200-mile stretch of southern coastline called the Garden Route lures visitors with its vast white sandy beaches, rain forests, extraordinary flora and fauna, golf courses and artist communities...


The unique wants of the younger generation homebuyer

In today’s market, Generation Y buyers or those under the age of 30 years old are tech savvy and always on the go, so when it comes to purchasing a home they have different expectations...


Prospective property buyers beware: Unpaid municipal debts will be transferred to the new owner

The whole issue of who is responsible for long-standing municipal debts when properties are transferred has been raised time and again in the South African courts...


Buying a home should be a top financial priority for South Africans
Middle class South Africans were once known for the conservative lifestyles and their ability to ‘make do’ during harsh times...

Prospects for buy-to-let investors improving

It is a little difficult to understand why the number of buy-to-let investors in residential property has dropped from 26% of the total of buyers at the peak in 2003 to just on 8% today....

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Focus On

Constantia, Western Cape - South Africa

Predominantly made up of farmland and vineyards, the affluent suburb of Constantia is one of the oldest areas in Cape Town...

>> View properties in Constantia


In The Area

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

  • Johannesburg South and East
  • Southdowns
  • Scottsdene
Quick uptake now of affordable units in Gauteng
Units in entry-level developments to the south and east of Johannesburg are selling fast. Indeed, 8 out of every 10 prospective buyers who view units in the affordable price range are making offers to buy...

Final phase developments at Southdowns Estate
Having earned a reputation for raising the bar in estate living over the years, Southdowns Estate’s final phase looks set to seal its status as an iconic trendsetter...

Calgro launch North Pine Meadow phase of Scottsdene

Calgro M3, the Gauteng based property development company which has built over 40 000 houses in their 18 years in operation, has just announced that they are releasing the next phase of their Scottsdene affordable housing development in Cape Town...


Property News Continue

Do and don'ts of buying a renovator's dream

Purchasing a fixer-upper can be a highly profitable endeavour, providing that a few golden rules are adhered to, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


Paddocks Private Consulting is back

Paddocks Private Consulting Service is now available again, offering two types of consulting...


SA's green technologies and products showcased to the largest international green building network

As South Africa strives to transform into a low-carbon economy, it is essential to move towards sustainable green technologies and products...


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Tivvit Property Count 12/07/13

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Properties for Sale: 102,606   
Properties to Rent: 10,810

"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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