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15 February 2013

 
FROM THE EDITOR

According to the annual 'Home Truths' article recently published by The Economist, the rate of house price growth in SA is currently the third highest in the developed world at an average of 5%, with only Hong Kong (21,8%) and Austria (10,1%) doing better.

More good news for the SA market is that the latest Absa and FNB property publications state the year-on-year housing price growth is now moving ahead of inflation in several areas (Port Elizabeth, East London and the KZN South Coast, for example) and in specific sectors in other areas, such as medium-sized housing in Mpumalanga, Limpopo and the Tshwane metro, and smaller housing in the North West and Northern Cape. Large homes in the Western Cape are also showing inflation-beating price gains. Read more in SA property market 'still among the leaders'

As February is the month of love, TPN Managing Director Michelle Dickens, takes a look at how romance impacts the property market. She comes up with the ironic conclusion that when romance goes well, it's bad for landlords because there's one less household on the market, and when it breaks down, it can be good. Read more in Romance goes abrasive on Property Rental Market

On the commercial front the expectation by analysts and property professionals is that the market will remain sluggish, but Property investors and developers stay upbeat about the prospects. Gary Palmer, the chief executive of Paragon Lending Solutions, says in Market outlook still bullish for commercial property that the industrial sector was likely to remain stable but the office sector was not expected to recover soon.

Enjoy!
The editor

In This Issue
Property of the Week

Yellow Sands, East London, Eastern Cape
Situated in a country estate surrounded by natural wild life...


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Favourable results boost listed property sector
South Africa's listed property sector gained 1.3% during the week ended 8 February, after both Resilient and New Europe Property Investments (NEPI) reported results last week...

Commercial listed property performance will drop this year - but will still offer good returns
While the commercial property sector is still in the doldrums, property companies operating on the JSE returned handsome dividends to investors last year with the sector achieving total returns of 36%...

SA property market 'still among the leaders'
According to the annual 'Home Truths' article recently published by The Economist, the rate of house price growth in SA is currently the third highest in the developed world at an average of 5%, with only Hong Kong (21,8%) and Austria (10,1%) doing better...

2013 will be a watershed year for alternative building technologies
“The year 2013 will mark the coming of age of alternative building technologies (ABTs) on the Southern African construction landscape – and the urgent need for housing and associated infrastructure delivery will be its main driver.”

Today's foreign exchange rates make South African residential property available at big discounts
All estate agents with overseas connections should now get in touch with them and start promoting the greatly increased value that the current foreign exchange rates offer overseas buyers in South Africa today, says Mike van Alphen, National Manager of Rawson Finance, the bond origination division of the Rawson Property Group...

Market dynamics that influence home sales

It is often said that purchasing a property is possibly the largest financial decision any consumer can make, considering the impact that the decision can have on one’s financial well-being both now and in the future, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


Romance goes abrasive on Property Rental Market

TPN Managing Director, Michelle Dickens who runs credit checks on potential tenants on behalf of landlords and agents, today shared her insights on how this year’s “Lovers’ Cuddling Day” heavily impacts the property arena...


Market outlook still bullish for commercial property

Property investors and developers are upbeat about the prospects for the South African commercial property sector this year despite expectations by analysts and property professionals that the market will remain sluggish...


Valuable property add-ons

In today’s competitive real estate environment, renovations or additions to a property can add value and give a homeowner an advantage over other sellers in a particular area, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


Make renovations pay over the long term
Renovations to your home can be a costly business - but if you give it some thought your upgrade can save you money in the longer term...

Buying a House? Your Credit Rating is Your Most Important Asset
If you're thinking about buying your first home, get your financial affairs in order as soon as possible. You need a clean credit record to secure a home loan.

Today's first-time buyers plan carefully for the future
Although the real estate market has seen many changes over the recent years, one thing that hasn’t changed is the fact that first-time buyers are an intricate part of the housing market globally, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

10 Question to ask your estate agent BEFORE giving the mandate

The ten things you should check with an estate agent are...

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East London, Eastern Cape, South Africa

South Africa's only river port city is situated on the Buffalo river on one of the most attractive stretches of the Eastern Cape coastline...

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In The Area

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

  • Green Point
Green Point cottages much in demand
"When quaint cottages in the Green Point village area and Three Anchor Bay come on the market, they usually sell very quickly," says Jean Bell, the Knight Frank Anne Porter agent in this area...

News Continue

In favour of compulsory home inspection

With such a large percentage of homebuyers at the moment being new entrants to the market – and thus usually novices when it comes to assessing the condition of a property – a mandatory home inspection by an independent, properly qualified person could be a very beneficial, and simple, consumer protection measure...


How to take the hassle out of the great trek

The excitement of a new home is usually somewhat tempered by the daunting prospect of heaps of paperwork and then moving your belongings lock, stock and barrel...


Nedbank extends green developments in Joburg
The rcent announcement by Nedbank Corporate Property Finance that it has concluded finance agreements for two green building developments in Johannesburg brings to eight the number of green-star-rated buildings in which South Africa’s green bank has been actively involved in recent years...

Tivvit Property Count 15/02/13

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Properties for Sale: 115,646
Properties to Rent: 9,985


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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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