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24 May 2013


The property news seems to be looking very positive, based on a number of articles from the field experts. The South African Reserve Bank's (SARB) monetary policy committee (MPC) on Thursday decided to leave the repo rate unchanged at 5.0 percent following its three-day meeting. Bank Governor Gill Marcus delivered the MPC statement in Pretoria.

The repo rate was expected to remain unchanged‚ according to a survey of ten leading economists by I-Net Bridge. None had forecast a cut.

The rate was cut by 50 basis points to 5.0 percent in July last year and was the lowest reading in almost 40 years. Read more of this interesting news in Stable interest rate welcomed amidst growing market confidence

It also seems as if most of the industry players are now focusing in Mauritius on the back of promising returns, a favourable tax and investment regime and business opportunities. More information about Maritius on Sanlam’s Africa property fund lists in Mauritius and Would you buy a property in Mauritius?

As much as investing in Maritius' Real estate seems interesting, back home in South Africa, companies are moving head offices to Kempton Park to take advantage of the Ekurhuleni metro's plan to develop a world-class aerotropolis around the OR Tambo International airport. Read more in Aerotropolis plan boosts Kempton Park property.

The editor

In This Issue
Property of the Week

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Stable interest rate welcomed amidst growing market confidence
Although a rate cut would have been better news, the decision by the Reserve Bank’s Monetary Policy Committee to retain the repo rate at 5%, is nonetheless welcomed amidst growing market confidence...

Listed property gains despite weak rand, rising bond yields
Despite further Rand weakness and rising long bond yields, South Africa’s listed property sector gained 1.2% during the week ended 17 May 2013...

Home price growth below CPI

The latest statistics from ooba, South Africa’s biggest bond originator, show that the average house purchase price has increased 4.5 percent year on year and 0.5 percent month on month to R908,802...

Internet driving South African property sales
South African property sales are being driven by a generation of internet-enabled buyers. According to bond originator Ooba, the average age of those looking to get on the property ladder in the country is around mid-thirties and this age-group are heavy users of online media...

Sanlam’s Africa property fund lists in Mauritius
The fund‚ which is structured as a listed property company‚ will allow local and international investors to invest in high quality retail and commercial real estate across select sub-Saharan African countries excluding South Africa...

Would you buy a property in Mauritius?
It seems that a growing number of South African real estate investors are turning to Mauritius on the back of promising returns, a favourable tax and investment regime and business opportunities...

New Market Study Published: South Africa Real Estate Report Q2 2013
Boston, MA -- (SBWIRE) -- 05/20/2013 -- BMI's Q213 South Africa Real Estate report examines the commercial office, retail, industrial and construction segments throughout the country in the context of an industry in the midst of a protracted construction lull, following years of double-digit growth...

Growthpoint Falls Most in 2 Years on $261 Million Share Sale (2)
Growthpoint Properties Ltd. (GRT), South Africa’s biggest real-estate company by market value, plans to raise 2.5 billion rand ($261 million) by selling shares to fund acquisitions and development. The stock fell the most in more than two years...

The Real Estate Law Review, Second Edition

Title to real property in South Africa vests in the landowner and not the state. There is a comprehensive legal framework for the ownership and transfer of real estate, which is underpinned by statute...

BDL hotel operator bought by Redefine
GLASGOW-based BDL Management has been bought by South Africa-listed real estate giant Redefine Property Group eight months after the death of the hotel management company's former chairman and co-founder, Louis Woodcock...

Trustee roles

It is often said that if the trustees of the body corporate in a sectional title scheme do the job that they are meant to do, the scheme would probably not run into financial difficulty or have any other problems...

Things to know before buying ST unit
As owning a sectional title unit over a freestanding home is becoming more and more popular due to the rising costs of maintaining properties and the added security sectional title often offer, the number of sectional title schemes are increasing in South Africa and set to continue...

Landlord responsibilities

One of the things that managing agents struggle with the most when it comes to the landlord tenant relationship... is the maintenance of the unit by the landlord...

Big property companies are literally buying tenants
Large property groups are literally buying tenants by luring them over to their property portfolios by offering to take over their current leases...

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Oranjezicht, Western Cape - South Africa

Perched above Kloof Street in Cape Town’s city bowl is the vibey urban suburb of Oranjezicht.  Popular among trendy, arty city dwellers, this stylish village lies at the foothills of Table Mountain just five minutes away from the heart of the city centre...

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In The Area

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

  • Mozambique
  • Mooikloof Equestrian Estate
  • Kempton Park
  • Villiersdorp
Mozambique’s Skyrocketing Real Estate Prices

It is 9:58 am on a Tuesday morning. A group of shoppers wait anxiously for South
African chain Woolworths to open at 10:00 am. Two of the irritated shoppers, Andre and Alicia, originally from Portugal, live in a $5000 per month condo, situated on the third floor of this commercial center...

Pretoria's equestrian estate on a winning streak
Discerning homebuyers seeking a safe, upmarket lifestyle in spectacular surroundings - and space to keep and ride their horses in secure surroundings - are increasingly being drawn to the Mooikloof Equestrian Estate on Pretoria's eastern boundary...

Aerotropolis plan boosts Kempton Park property

ICompanies are moving head offices to Kempton Park to take advantage of the Ekurhuleni metro's plan to develop a world-class aerotropolis around the OR Tambo International airport...

Enjoy the best of both worlds in Villiersdorp

Just an hour’s drive from the Cape Town International airport lies the Overbergtown of Villiersdorp – an ideal place to buy property if you’re looking for a family home in a wholesome country location but still need to commute to work in the city sometimes...

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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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