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30 January 2014
FROM THE EDITOR

It came as a shock to many South Africans when the Monetary Policy Committee (MPC) of the Reserve Bank announced its decision to increase the interest rate for the first time since July 2012. Read articles titled Unexpected Interest Rate Hike Provides Challenges for Property Market and The Monetary Policy Committee's decision to raise interest rates has come as a shock to find about what the experts in the industry have to say about this move.

Property experts have also warned that continuing weakness of the rand will have a significant “downside risk” to residential property market performance as this will translate into a rise in inflation and higher import prices. Continue reading this article on Weak rand to hit housing market.

On the other news, while many are still shocked and uncertain of what the property industry future may have in store after an unexpected announcement of the interest rate hike, Shaun Rademeyer, CEO of BetterBond Home Loan advices prospective buyers to not get too hung up on trying to “read” market cycles or interest rate trends, or they might miss the property boat altogether. Read a full story on The right timing is right now.

With summer in full swing, many homeowners have turned their attention to the outdoor living spaces of their property because of the benefits they provide to their families. Find out how on an article titled Investing in your outdoor space can pay off.

In this week's Focus On section, we take a closer look at Sasolburg in Freestate. A question for the younger generation;did you know that when the Free State Province was still known as Orange Free State, the motor vehicle registration prefix for Sasolburg was OIL? Read about that and more in this week's Newsletter.

Enjoy!
The editor


Property of the Week

Sasolburg , Free State, South Africa
Excellent Property in Upmasrket Complex - Full Title.
3 Bedrooms, 2 bathrooms, 3 living areas with stunning features, double garage with additional storage. Established garden and pool.

News

The Monetary Policy Committee's decision to raise interest rates has come as a shock
The Reserve Bank’s decision to raise the interest rates for the first time since July 2012 has come as a shock...

Unexpected Interest Rate Hike Provides Challenges for Property Market
In a move that surprised many the Monetary Policy Committee (MPC) of the Reserve Bank announced its decision to increase the interest rate by half a percentage point to 5.5%....

Weak rand to hit housing market
Property experts have warned that continuing weakness of the rand will have a significant “downside risk” to residential property market performance as this will translate into a rise in inflation and higher import prices...

Repo rate hike bad news for SA Property Market
The Reserve Bank's hiking the key interest rate on Wednesday,the 29th of January will hit property sales, particularly in the residential segment, real estate companies said while expressing disappointment at the move...

Electronic rates clearance certificates will be rejected
The system of generating electronic rates clearance certificates has been deemed problematic by the Chief Registrar, in that the validity of the certificates from a legal point of view is questioned...

Investing in your outdoor space can pay off
While kitchen and bathroom renovations are still the top places within the home to upgrade when it comes to homeowners wanting to improve the value of their property, more and more homeowners are now looking to the improve their outdoor living spaces as well...

The right timing is right now
Don’t get too hung up on trying to “read” market cycles or interest rate trends, or you may miss the property boat altogether...

Proper insurance in sectional title schemes important
Insurance in sectional title schemes is sometimes discussed at length and debated as to whether the amounts insured are necessary and, sometimes, even whether insurance of the actual scheme is necessary...

Impact of water meters in sectional title schemes
When the body corporate of a sectional title scheme decides to install individual water meters or prepaid water meters for each unit in the scheme, the owners often question why this should be necessary and sometimes even oppose the idea, but...

Start 2014 by becoming a Green Star SA Accredited Professional
We trust you had a good festive season and are well rested, and ready to tackle 2014! This year promises to be an exciting one...





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Focus On

Sasolburg , Free State, South Africa
Sasolburg is a large industrial town in the far north of the Free State province of South Africa. The town was established in 1954 in order to provide housing and facilities for Sasol employees...

>> View properties in Sasolburg

In The Area

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

  • Western Cape
  • Pretoria's eastern suburbs
Western Cape property prospects above the rest of SA
On reading through John Loos’ latest FNB Property Barometer House Price Index report dated 7 January 2014, it is interesting to compare what house prices are doing nationally year on year and then further to what they are doing in the Western Cape...

Demand in Wapadglen supports price growth
Strong demand for homes in security complexes in Pretoria's eastern suburbs has supported considerable price escalation over the past 12 months...

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Tivvit Property Count 30/01/14

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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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