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27 September 2013

 
FROM THE EDITOR

Although it has been reported that South African property sector delivered an improved 9.2% total return for the first six months in 2013, the Office Market continues to suffer. Read an article titled SA Office Sector still facing an Uphill Battle to Recovery

On the contrary, Renprop Commercial is offering an opportunity to purchase A-grade office space for business owners who want to create wealth through property. See a full story in Sectional Title office investments in the heart of Bryanston

Read an article titled Progress made by Women in Real Estate Investment in SA for an interview between Thabang Mokopanele on behalf of SA Commercial Prop News and Sharon Wapnick - chairman of Premium Properties and Octodec Investments, about the progress of women in real estate investment in South Africa.

Ever wondered how Parys, a little dorpie in the Free State got to be named after Paris, one of the established cities in the world? Well, allegedly Mr. Schilbach, a German land surveyor who served in the Franco-Prussian and had taken part in the siege of Paris had a vision for this oldest and largest meteorite impact site in the world hence the name suggestion. Find out what Mr. Schilbach's vision was in the Focus On section of this newsletter.

Enjoy!
The editor


Property of the Week

Parys, Free State, South Africa
Superb property on the river bank just outside Parys


News

South African property delivers improved performance in H1 2013

South African property sector delivered an improved 9.2% total return for the first six months in 2013...


SA Office Sector still facing an Uphill Battle to Recovery

Other commercial property markets have seen impressive turnarounds in the midst of South Africa real estate recovery, particularly in Retail and the Industrial sectors, but the Office Market continues to languish...


Foreign Buyers Eye South Africa

Luxury resort properties in the South African bush long thought to be largely unknown to foreign buyers are now attracting attention, particularly from shoppers in Great Britain...


Progress made by Women in Real Estate Investment in SA

Thabang Mokopanele on behalf of SA Commercial Prop News speaks to Sharon Wapnick - chairman of Premium Properties and Octodec Investments, about the progress of women in real estate investment in South Africa...


Not such good news for buy-to-let investors

The attractiveness of residential property as an investment purchase has diminished mildly...


Home buyers and builders need a VAT break

A VAT concession on newly-built flats and townhouses would level the playing field for young people who want to become homeowners and might also give the labour-intensive residential construction industry a boost...


Ensure that your biggest investment is your best investment

For the majority of consumers, purchasing a property will be the single largest investment they will ever make. However that doesn’t always mean that it will be the best investment they will ever make. Making sure that it is the best investment will take some time and research...


South African Sellers Not That Interested in Home Staging

While I am reluctant to quote any US figures (which is all I can find) there is a prevailing and logical opinion that ‘staging’ a home will not only increase its chances of selling, but will get a significantly improved price...


Unforeseen major expenses

The body corporate of any sectional title scheme cannot lend money to any person but what many do not know, is that it can borrow money under certain circumstances...


Early cancellation of a lease not a breach of contract

Incorrect terminology is sometimes used when it comes to early cancellation of leases, where landlords or estate agents refer to a “breach of contract” in the case of a lease cancellation but in fact it is not...


Budgeting in sectional title schemes

As prescribed by the Sectional Titles Act, budgeting in sectional title schemes is usually done on a yearly basis by the trustees but it is better to take a five year view and plan accordingly...


Fiduciary responsibility and complying with rules and regulations

As in running a business (which running a sectional title scheme can often be compared to), there are multiple laws and acts that apply and often there are many changes made to the rules of running it...

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Focus On

Parys, Free State - South Africa

Less than an hour’s drive (120km) from Johannesburg, you will find Parys, the Jewel of the Vaal River in the Northern Freestate. It is a fast developing country town in the Vredefort Dome Area which is the oldest and largest meteorite impact site in the world...

>> View properties in Free State


In The Area

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

  • Bryanston
  • Sedgefield
  • Stellenbosch
Sectional Title office investments in the heart of Bryanston
The Hub on Bryanston Drive is the latest commercial property investment opportunity from Renprop Commercial, which is ideally suited to business owners and entrepreneurs who would prefer to own their office space as opposed to renting...

Eco Estate living in Sedgefield
Situated along the Garden Route between George and Knysna is the coastal town of Sedgefield. Originally a farm, Sedgefield has become a popular holiday destination and prime real estate for those looking for a laid-back, rustic village atmosphere...

Stellenbosch gears up for student ‘season’
Students who will attend the University of Stellenbosch next year should start looking for accommodation no later than October if they want to secure good quality apartments...

Property News Continue

Give your home that million-plus polish

Thousands of buyers are out hunting for upgrade properties worth more than R1m at the moment, but sellers who want their attention need to present right as well as price right...


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To the Editor

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Tivvit Property Count 27/09/13

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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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