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15 November 2013

 
FROM THE EDITOR

According to a report, the prices of listed property stocks in South Africa had fallen in response to a weaker Rand, even before the better-than-expected jobs report sent US bond yields soaring. Continue reading this article on Short-term risks dampen listed property sector for more

Read an article titled Affordable Housing demand in SA heading for superlative growth to find out how South Africa's residential property market is witnessing a robust demand for affordable houses.

Is investing in overseas property a wise move? Read this article below for an in-depth answer.

Mark Botha, a top agent who has just joined the crack team at Chas Everitt International Glenvista has reported that as increased commercial and corporate activity breathes new life into the Johannesburg CBD, housing demand is rising in the more affluent of the city’s southern suburbs, including Glenvista, Mulbarton and Bassonia, which are collectively known as The Glens. Read more on Bright future for The Glens, says top agent

We then take a close look at Bassonia, a beautiful suburb that is set on the hilly slopes of the Southern Suburbs of Johannesburg. Go to the Focus on Section of this Newsletter to learn more about this beautiful Suburb.

Enjoy!
The editor


Property of the Week


News

Short-term risks dampen listed property sector

There was very little in the way of positive news for investors in South Africa's listed property sector for the week ended 9 November 2013 and the US jobs report of last Friday has placed the sector firmly on the back foot...


Affordable Housing demand in SA heading for superlative growth

With rising income level of low-and middle-class segment, South Africa's residential property market is witnessing a robust demand for affordable houses...


Taking the offshore property route

South African property investors can now pick up bargain buys offshore, as the number of offshore property counters on the JSE reaches eight...


Rising household debt holding back home buying

Serious household debt and tarnished credit records are still cancelling out a very high percentage of potential home owners...


Piracy cash ruled out of real estate boom

A World Bank, UNODC and Interpol study seeking to ascertain the destination of ransom money paid to Somali pirates has ruled out its influence on Kenya’s property prices...


Homecoming sentiment of SA expats bodes well for the residential property market

When South Africa gets its socio-economic and political ducks in a row, two-thirds of the more than half a million South Africans living abroad could emerge as one of the biggest single drivers of a turnaround in the residential property market...


Engel & Völkers Launches International Website of the Property and Lifestyle Magazine "GG"

The international luxury real estate company's new online version of its popular lifestyle publication "GG" will be viewable in five languages and have integrated social media functions to make it easier to share content...


RE/MAX rings NYSE opening bell

Executives and guests of RE/MAX Holdings will visit the New York Stock Exchange (NYSE) today to celebrate the company’s recent initial public offering...


Is investing in overseas property a wise move?

Almost every one of those members of the general public who are considered by marketing experts to be potential investors of one kind or another are ‘bombarded’ by emails or other marketing outlets aiming at persuading them to buy property overseas...


Keeping track of your property options

While finding the ideal home may sound like a relatively easy process, it may take a little more time and effort than buyers expect, especially if it’s not handled in the correct manner...


Save your time and energy for well-priced properties

The stock of well-priced homes for sale is starting to dry up in many of the most popular areas around the country, and buyers who want to live in these neighbourhoods are having to make quick buying decisions once more or risk losing their chosen property to a rival buyer...


Rental Tribunal Board doing a great job - but can be manipulated by tenants

Across South Africa the Rental Tribunal Board is regularly called on to adjudicate in cases where the landlord, for whatever reason, has decided to increase his rent by more than the limits generally considered reasonable, i.e. above 8% to 10% per annum...


Audit report requirements

The Estate Agency Affairs Board have made it clear that all estate agents, whether they operate as sole proprietors, close corporations, Pty Ltd companies or partnerships of any kind, need to adhere to the audit requirements as set by the EAAB’s legislation...


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Focus On

Bassonia, Gauteng - South Africa

The beautiful suburb of Bassonia is set on the hilly slopes of the Southern Suburbs of Johannesburg and is adorned with prestigious homes making it a very sought after area...

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In The Area

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

  • Elandsrock Nature Estate
  • Potchefstroom
  • The Glens
Jacson's Cove units launched
A new affordable housing development, Jacson’s Cove, has now been launched, which is inside the Elandsrock Nature Estate, south of Johannesburg, near Alberton...

Engel & Völkers Potchefstroom gives delegates a warm welcome
The city of Potchefstroom played host to the National AHI congress which took place from 16 -18 October 2013, and Engel & Völkers was one of the privileged sponsors of this event...

Bright future for The Glens, says top agent
As increased commercial and corporate activity breathes new life into the Johannesburg CBD, housing demand is rising in the more affluent of the city’s southern suburbs, including Glenvista, Mulbarton and Bassonia, which are collectively known as The Glens...

Property News Continue

Lifestyle legacies

As time accelerates us into the future, it may be interesting to look back at how lifestyles have adapted to keep up with the times, of which technology and 'green living' have played a very important role...


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To the Editor

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Tivvit Property Count 15/11/13

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Properties for Sale: 100,969 
Properties to Rent: 10,250


"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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