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29 November 2013
 
FROM THE EDITOR

According to Statistics South Africa (Stats SA), South Africa’s real Gross Domestic Product (GDP) increased by 0.7% in the third quarter of 2013 compared to a revised 3.2% growth in the second quarter. Continue reading on South Africa Q3 GDP slows

Read an article titled Prospects for house price growth in 2014 satisfactory to find out what Mike van Alphen, National Manager for the Rawson Property Group’s bond origination division, Rawson Finance, thinks about the latest Absa house price review speculation about where residential property market is heading.

Chinese state television reported in a weekly consumer programme on Sunday the 24th of November that domestic property firms owed 3.8 trillion yuan ($623 billion) in land taxes from 2005 to 2012, citing a lawyer's calculations. Read an article titled China property firms deny tax-shirking report for a full story.

This week on the Focus On section, we take a closer look at Houghton, an extremely wealthy suburb of Johannesburg. We also look at a timeless masterpiece mansion in that area that was designed by Julian Michaels.This Property of the Week has been titled an Architectural Masterpiece.

Enjoy!
The editor


Property of the Week

Houghton , Johannesburg - South Africa
TIMELESS IN ITS ELEGANCE. AN ARCHITECTURAL MASTERPIECE 


News

South Africa Q3 GDP slows

South Africa’s real Gross Domestic Product (GDP) increased by 0.7% in the third quarter of 2013 compared to a revised 3.2% growth in the second quarter...


Prospects for house price growth in 2014 satisfactory

The latest Absa house price review has stimulated speculation as to where the residential property market is heading...


Fiduciary duties of trustees

While many duties in sectional title schemes can be delegated to a managing agent to handle, the trustees still remain responsible for the maintenance of the property and the financial wellbeing of the body corporate...


2014 will be a good year for residential property

Bill Rawson said that all the indicators now point to 2014 being a good year for residential property and those aware of the market trends should be buying right now...


Some savvy alternatives to fixed rates

With the rate of inflation still “uncomfortably high”,many homeowners and buyers are starting to worry that the current low interest rates can’t last, and wondering whether the time has come to fix their home loan rate...


China property firms deny tax-shirking report

Several Chinese property developers on Tuesday denied a state media report accusing them of failing to pay land taxes, saying it was a "misunderstanding"...


Bond mortgages and other bank loans: Loyal clients should be rewarded

Bank bashing is a pastime now engaged in by far too many South Africans not qualified to understand the banks’ position and much of the criticism is way off the mark...


The top 10 things today's homebuyers look for

What are the elements that today’s homebuyers look for when purchasing a property...


Don't wait to downscale if retiring

The economic climate has been tough for a while now, and many of those who have been considering selling to downscale have possibly been holding out until things “get a lot better”...


Deceased estates

Deceased estates can often be complicated to unravel, and some can lead to legal problems cropping up...


First time homebuyer figure could be higher

With the banks’ slight easing up on the granting of credit, this has allowed investors in property into the market once again, as well as developers...


Three ways to think about how much home to buy

Buying a home ought to be an exciting, enriching experience – but it can turn into a very frustrating and embarrassing one if you spend weeks finding the “perfect” home only to discover that you can’t afford it...


Financial documents for AGMs in sectional title schemes

When it comes to the time for sectional title schemes to hold their Annual General Meetings, there are certain documents that must be prepared beforehand by the trustees...


5th Avenue Properties and Savills form strategic partnership

Commercial property brokerage firm, 5th Avenue Properties said it had entered into a strategic partnership with global real estate advisor, Savills, in the commercial property sector...


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Focus On

Houghton, Gauteng - South Africa

Houghton is an extremely wealthy suburb of Johannesburg, Gauteng Province, South Africa...

>> View properties in Johannesburg


In The Area

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

  • Johannesburg
  • Greyton
  • Franschhoek
Johannesburg's Upscale Housing Boom

In Sandton, a busy business district half an hour north of Johannesburg's center, Ferraris zip through narrow streets, and luxury brands like Salvatore Ferragamo and Cartier welcome visitors to the neighborhood's main attraction: a sprawling upscale mall...


Greyton getaway
A home on 4 300m² of land surrounded by nature reserve in the picturesque town of Greyton has come on the market, through Knight Frank Residential SA, at a price of R4,6 million...

Foreign buyers return to Franschhoek

Sit in any one of Franschhoek’s cafés or bistros these days and you are likely to hear a surprising array of languages being spoken around you...

Property News Continue

Socio-economic inputs included in green building assessment criteria

The Green Building Council SA (GBCSA) has launched a new PILOT Socio-Economic Category for Green Star SA rating tools in Gauteng...



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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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