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20 September 2013

 
FROM THE EDITOR

It is always great to report good news especially with South African heritage day around the corner. It was announced on Wednesday, 20th September at the Monetary Policy Committee meeting that the interest rate would remain unchanged at 8.5% so if you are planning to purchase property, now is a good time for that. Read more on Comment on interest rate announcement

Still on a positive side of life, Choprop, a South African BEE agency is amongst the winning companies of the esteemed International Property Awards in the 2013 African regional competition. More details on an article titled BEE Agency to receive industry Award at the African Property Awards in Dubai

Read an article titled Big bucks back in Bedfordview for more good South African news.

Did you know that Heritage day wouldn’t have been a public holiday had the Inkatha Freedom Party (IFP), a political party with a large Zulu membership – signed the Public Holiday’s Bill that excluded Shaka Day, a day that commemorated the famous Zulu King, Shaka?

The Public Holiday Bill was to be presented to the Parliament of South Africa but the IFP refused to sign it. To cut a long story short, a concession was made, Shaka Day was included in a bill but it was then renamed Heritage day. Anyway, enough with the politics, see an article titled National Braai Day Recipe to complete your cuisine on the National Braai Day.

Enjoy!
The editor


Property of the Week

Amanzimtoti, KwaZulu Natal, South Africa
This home is programmed for pleasure and designed for leisure! 


News

Comment on interest rate announcement

It was announced on Wednesday, 20th September at the Monetary Policy Committee meeting that the interest rate would remain unchanged 8.5%...


Listed property sector rallies

South Africa’s listed property sector soared 5% during the week ending 13 September 2013, significantly outperforming both the equity and bond markets...


BEE Agency to receive industry Award at the African Property Awards in Dubai

Choprop has been informed that it is amongst the winning companies of the esteemed International Property Awards in the 2013 African regional competition...


Chinese Investors eyeing London Real Estate

Interest in the Central London real estate market from Chinese investors is due to increase significantly, with insurance funds alone having more than US$14 billion (approx. €10.63 billion) available for overseas real estate investment...


Nigeria’s property boom only for the brave

On one of the most exclusive streets in Nigeria’s capital sits a crumbling mansion with an unwelcoming message painted at its entrance: "Beware! this house is not for sale"...


Sub-Saharan Africa tops Retail Property Investment

Sub-Saharan Africa has become the hub of retail property activity, accounting for project developments worth R30,6 billion under construction and others set to break ground before the year end...


Home ownership increasingly proving to be a stabilising and social force

Owning a home improves an individual’s – and his family’s – sense of self-worth and reinforces the bread-winner’s determination to earn enough to keep up monthly bond repayments...


Retail developers encouraged by Africa's project yields

Increasingly, retail developers are eyeing Africa's rapidly growing consumer markets as the scope for investment is steadily cumulative and demand for more formal retail options from shoppers is following suit...


Westgate Shopping Centre, others face land claims

Group of 2 500 Soweto residents are seeking compensation for land given to Westgate Shopping Mall, Horizon View Shopping Centre and Life Flora Clinic in Roodepoort...


If successful in residential property investments, be cautious when getting into commercial property

An enthusiast foray into the commercial office space by someone who has done well in buying and renting residential property met with unexpected challenges,and this is something that people are sometimes prone to overlook...


Turn a Grudge Purchase into a Valuable Sales Asset

With nearly 30 years in real estate if anyone asks me what the most irritating aspect of a sales is, I have no hesitation in answering that it is getting the various Certificates of Compliance for 'amenities health and safety' that are required...


Don’t delay, upgrade today

Sellers immediately want more for their properties while buyers still want to pay recession prices – this is always the scenario when a real estate market starts to turn upwards...


Know the costs before you buy-to-let

According to the US National Association of Realtors (NAR), investment and holiday-home purchasing accounted for 24% of all home sales last year, as buyers sought to make the most of low interest rates and a surplus of discounted repossessed properties that could quickly be turned into rental units...

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Ladysmith, KwaZulu Natal - South Africa

Located 230 km north-west of Durban and 365 km south of Johannesburg, situated in the Uthukela District of KwaZulu-Natal is the town of Ladysmith...

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In The Area

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

  • Pretoria
  • Bedfordview
  • The Garden Route
Investors, entrants target Pretoria stack units
Sectional title “stack” units in Pretoria's Faerie Glen and Olympus areas are currently highly sought-after by investors and young entrants to the property market, who together represent half of all buyers in the suburb at the moment...

Big bucks back in Bedfordview
The luxury sector of the property market in Bedfordview has come alive again after almost four years in the doldrums...

The Garden Route - South Africa's Coastal Playground
The Garden Route has it all – beautiful beaches, mountains and unique fauna and flora. Local and overseas visitors return time and again, many of them choosing to stay permanently in this part of paradise...

Property News Continue

Trading privilege for privation

Regina Matshega was gossiping with a neighbor over a fence between their shacks in the Phomolong squatter camp last month when a very unexpected sight suddenly popped into view: two ruddy-cheeked white South Africans...


National Braai Day Recipe

With the 24th of September being Heritage day, also known as a National Braai day, we at Tivvit Solutions found it appropriate to share a recipe with you, so to complete your Braai experience...


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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 20/09/13

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Properties to Rent: 10,193


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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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