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22 November 2013
 
FROM THE EDITOR

In this week's Newletter, we focus on the interest rate and how it will affect the market in the future.

In an article titled Unchanged rate signals tougher times for home buyers, experts fear that the decision by the Reserve Bank’s decision to leave the repo rate unchanged at 5% was still disappointing, given the slowing pace of already sluggish economic growth and falling consumer confidence.

It has been reported that South African residents owe municipalities across the country an overall amount of R87 billion, while various government departments owe R4.2 billion in outstanding rates and taxes. Read an article titled SA Govt and Residents’ debt has a paralysing effect on Municipalities for a more detailed story.

How will e-toll affect the property market? Read this article below to find out how a launch of e-tolls in Gauteng within the next few weeks will have an impact in the Real Estate industry.

We then take a look at a town that its locals proudly call Swest. It is a veritable paradise for all who appreciate scenic beauty, wine and fruit, decadent cuisine, hospitality, good taste and sense of history. Check out our Focus on section to find out more about this historic town.

Enjoy!
The editor


Property of the Week

Somerset West, Western Cape - South Africa
CONTEMPORARY LIVING... EXECUTIVE RESIDENCE!


News

SA Govt and Residents’ debt has a paralysing effect on Municipalities

South African residents owe municipalities across the country an overall amount of R87 billion, while various government departments owe R4.2 billion in outstanding rates and taxes...


Long road to recovery for SA Property Market

The weak performance on South Africa's property market continues as high prices, debt and tighter credit standards continue to deter buyers...


How will e-toll affect the property market?

There has been much controversy regarding the South African National Roads Agency (SANRAL) e-tolling system that is officially planned to launch in Gauteng within the next few weeks...


Unchanged rate signals tougher times for home buyers

Although widely expected, the Reserve Bank’s decision this week to leave the repo rate unchanged at 5% was still disappointing, given the slowing pace of already sluggish economic growth and falling consumer confidence...


Interest Rate Hike: Will You Sink or Swim?

This is set to change with many analysts telling Business Day that they predict that Reserve Bank Governor, Gill Marcus, will raise the interest rate by 50 basis points over the next eight months...


Comment on interest rate announcement

While it was announced that the prime interest would remain at 8.5% for the remainder of 2013, property owners should make the most of the current rate before possible increases are implemented during the course of next year...


Special levies – What for? Who decides? Who pays?

Most people who buy sectional title units understand very little about the liabilities and responsibilities unique to this kind of property ownership - until they encounter them for real as the registered owner of the unit...


Dipula Income Fund beats distribution forecast

Dipula Income Fund (DIA‚ DIB) on Thursday delivered its financial results for the year to August 2013‚ reporting growth of 7% in combined A- and B-linked distributions‚ delivering on its guidance to investors...


Swasis invest, lose E23 Million

Swazi companies, co-operative societies and individuals have invested their pensions and terminal benefits worth over E23 million with a collapsing South African real estate investment scheme called Sharemax...


Know your boundaries

With new housing development and the sale of stands in gated communities starting to pick up again, buyers must make sure they have accurate information regarding boundaries, beacons and stand numbers...


How to find the best locations - and avoid the bad

Just about everyone knows that the three most important features a property can have are location, location and location - but most people are much less certain about what makes a particular location good or even great...


Bringing the exercise bug home

With the onset of summer, most people start thinking about doing more exercise – if only to lose the extra kilos they’ve gained in winter or to look better in shorts or a bikini come December.


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Focus On

Somerset West, Western Cape - South Africa

A town encircled by exquisite mountains and hills covered in vineyards, with views of the nearby ocean, sandy beaches, this is Swest, (Somerset West for purists). It is a veritable paradise for all who appreciate scenic beauty, wine and fruit, decadent cuisine, hospitality, good taste and sense of history...

>> View properties in Somerset West


In The Area

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

  • Clifton
  • Centurion
  • The Glens
Clifton – A hedge against inflation like no other
Over the Christmas period in 1990 the property market was abuzz with the news that an off-plan apartment block was about to be launched in Clifton at an “astronomical” price...

Engel & Völkers Centurion accepts the challenge
Engel & Völkers Centurion was challenged by MacRobert Attorneys to participate in a Business Challenge Relay which took place at Rietondale Park on 05 October 2013...

Peninsula hideaways charm home buyers

Small enclaves dotted along the Cape’s southern peninsula, with names to match their unique and charming settings, are drawing an increasing number of local and international property buyers...

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To the Editor

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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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