To make things easier, we’ve developed an MyProperty gadget for you to add on your iGoogle homepage. The new gadget will let you in on the latest property news, show you the week’s featured property and help you find the property that you are looking for according to your specific requirements.
For a quick and easy way to get the latest scoop on the hottest properties, add the gadget to your personalised iGoogle by clicking on the following link: MyProperty iGoogle Gadget
Entegral Technologies, together with the head of Property 100 Group Consulting division, Alex Fenwick, recently started a revamping project on the Property 100 Groups’ Corporate Identity. The idea behind the revamp was to give the Property 100 Group a new, fresh look and feel but at the same time ensure that Property 100 clients still recognise the brand.
The first element tackled was the logo of the company. The goal was to transform it into a more streamlined identity element, but still keeping all the characteristics of the old Property100 brand experience. One of the characteristics that were focused on when planning the redesign was that the logo and other elements could be extended to the other business areas of the group.
The logo needed to be updated to have a more modern look and feel. The existing colour palette was retained but updated to more vivid colours. The key elements in the logo were also retained but simplified to ensure that the golden thread is pulled through the whole identity of the Property 100 Group.
A new website is in the process of being developed by Entegral’s Development team. It will be based on the new Corporate Identity and new web design principles. The website will be more user-friendly and will also integrate the additional Group Services websites such as Bonds100, Credit100, Legal100, Insure100, Edu100.
The basic new corporate identity is already being implemented throughout Group100. In addition the new Property 100 website will be launched soon.
Roodepoort on the West Rand has weathered the recent property storm better than most areas and local experts are predicting a good 12 months ahead for the West Rand town.
Werner van Schalkwyk, principal of the local Chas Everitt International franchise, says that property values in Roodepoort have been comparatively resilient in recent months, thanks mostly to ongoing commercial development that has underpinned housing demand.
Current projects include commercial extensions to the existing MTN hub in Constantia Kloof and a new 5 000sqm shopping centre being planned off Hendrik Potgieter Drive.
“Roodepoort has remained popular with both commercial and residential clients,” he says. “Due to its location and excellent facilities, there will always be a demand for property here if it is priced correctly. And now the more stable interest rate climate is beginning to boost buyer sentiment again.”
The area’s appeal is bolstered by a host of excellent shopping, entertainment, sporting, educational and medical facilities. Its ecological attributes include the Witwatersrand Botanical Gardens and the famous black eagles. Many homes also enjoy panoramic views of the Magaliesberg mountain range, and business logistics are made easy via the major highways that feed into the area.
“In addition, Roodepoort offers properties to suit just about every pocket, ranging from R295 000 sectional title homes to luxury mansions costing R3 and R4m. There are also many homes to rent, with a typical two-bedroom unit renting for R2 800 a month,” says Van Schalkwyk.
Click to read more property related articles
Remodelling an existing home rather than buying a new property is becoming a popular option in the current tough credit climate.
But, says Berry Everitt, MD of the Chas Everitt International property group, while renovations can increase the value of a home, owners should not lose sight of the inevitable disruptions the process will cause and the need to be properly prepared to deal with them.
Writing in the Property Signposts newsletter, he says detailed project planning is the first step, whether the owner supervises the process or leaves that to a builder or architect. "It is vital to understand all the implications of the planned work and double-check that all eventualities have been taken into account - complications that crop up because of poor planning can drag out the alteration process and wreck the budget."
The second step is to devise strategies to minimise the disruption to daily routines once the renovation gets under way. Homeowners should for example map out which parts of the house will be affected and plan alternative arrangements, especially if they are renovating a kitchen or bathroom.
They should also take into account what will happen if the electricity or water supply needs to be disconnected during their revamp. It is also wise to remove and store all breakable items to prevent damage and to cover furniture to protect it against dust.
"If the planned renovations are extensive, it might be better to move out of the house for a while, especially if you have young children. And if you do elect to stay put, you must plan how children will be kept out of the way of work in progress and away from building materials and tools," says Everitt.
"And finally, be sure to arrange with the contractor that no advance payments will be made. Materials should be delivered on site before you pay for them and the project, or an agreed part of it, should be completed to your absolute satisfaction before you part with any money."
Issued by Chas Everitt International
Click to read more property related articles
A 10-year lease for 2695sqm of prime-located warehousing space at Cape Town's V&A Waterfront has been concluded by Pam Golding Commercial leasing, sales and investment consultant Graham Freeling on behalf of Lowe Bull, an internationally renowned advertising agency. These premises will serve as Lowe Bull's Cape Town headquarters. The capital value of the lease is undisclosed.
Comments Freeling: "Situated right on the water's edge overlooking the V&A Waterfront with views of the harbour and Table Mountain, and within walking distance of the Cape Town city centre and easy reach of all major routes, this is one of the most sought after locations one could wish for. The site is on the south pier directly opposite the Port Control office, with good security and easy accessibility. It would be hard to beat the appeal of such a scenic, landmark location for any working environment, and it's ideal for a prestigious, award-winning agency such as Lowe Bull, which has a global blue-chip clientele. The agency, formerly located in Cape Town's Long Street area, is currently expanding its local operation."
Formerly tenanted by a fishing company, the huge warehouse is being completely renovated into a studio/office accommodation to suit the requirements of the new tenant, with certain aspects of the existing building being retained and adapted as key features.
Says Freeling: "Given the high demand for the V&A Waterfront, where there's a waiting list for retail space, it's extremely rare to find such a unique and large space as this. Currently we have 2000sqm of prime A grade office accommodation available in Granger Bay Court."
He adds: "Not only is the V&A Waterfront considered one of the world's major tourist attractions, it's within walking distance of the highly successful Cape Town International Convention Centre, which draws delegates from around the globe. As a result, this is one of the most prestigious addresses for any business."
Issued by Gaye de Villiers
Click to read more property related articles
| Buyers turn to Villiersdorp in search of safe country lifestyle. In the face of rising traffic congestion, stress, crime and transport costs, many South Africans are opting to leave the city and seek out a new life in the smaller rural towns, where life moves at a slower pace, children still play in the street, and neighbours know one another. An added attraction is the lower cost of housing in such areas, especially for those wishing to retire on a fixed income, or those just starting out as property owners. Pam Golding Properties reports that one such town experiencing consistent levels of interest is Villiersdorp, situated at the north-western corner of the Western Cape's Overberg region, just over an hour's drive from Cape Town. It's not for nothing that the town is known as the "Pearl of the Overberg". Nestled in the Elands River Valley, in the shadow of the Stettynsberg and Riviersonderend mountains, it offers a picturesque setting and a tranquil pace of life, and is surrounded by abundant vineyards and orchards. First settled in the early 1840's, the area is one of the most prosperous farming regions in the Cape, with high-yielding crops of apples, grapes, onions, peaches and apricots. It is also extremely affordable, offering a wide range of homes to suit everyone from first-time buyers to young married couples, families and retirees. Says PGP's area manager Linda Killick: "We have apartments on the market in this town from as little as R245 000, while a family home can still be obtained for under R700 000. Larger family homes are extremely affordably priced at around R1 to R1.5 million, while the very top end of our market sees homes priced from just over R2 million and above, situated within the exclusive Theewaterskloof Country Estate, which is a controlled access estate with its own nine-hole golf course, just five minutes outside of town. These prices mean that even those on a tight budget should be able to find decent housing that is within their reach - and all this, in a stunning natural environment. This is a wonderful place to raise a family, with lots of safe outdoor activities and a very low crime rate." The beautiful scenery has not surprisingly attracted a sizeable community of artists and crafters, who have made the town their permanent home and whose works are on display in its art galleries. Pharmacists, doctors and teachers have also been attracted by the lifestyle, and the town boasts very good dual medium schooling from grades one to matric, as well as a well-stocked library, several major grocery chains, and its own ambulance, fire and police services. Besides the local wine routes, there is much to tempt those in need of relaxation, from gentle hiking and birdwatching to sailing on the nearby Theewaterskloof Dam, which is the seventh largest in the country and one of the most popular Cape venues for watersports. Its excellent Sports Club offers facilities for water-ski'ing, sailing, swimming and fishing, as well as power-boating, wind-surfing, and jet-ski'ing. Outdoor enthusiasts will also enjoy the numerous 4x4 and mountain-biking trails in the area. Adds PGP's MD for the Boland and Overberg, Annien Borg: "The town itself offers numerous historic and picturesque buildings, including the national monument 'Dagbreek' which has been turned into a restaurant and museum. And for those who miss the bright lights on occasion, the Caledon Casino complex is just 25 minutes' drive away. Another close neighbour is Franschhoek, with its scenic winelands and gourmet restaurants. A highlight of the Villiersdorp calendar is the annual fruit and wine expo held in October, showcasing the areas' rich agricultural heritage. Pam Golding Properties |
There's more to a successful home loan application than the "right" month-end salary, and the earlier a borrower starts to build a good credit record, the better.
"While an applicant's take-home pay is very important in the lender's decision whether to grant a home loan, it is a good credit rating that is really critical, especially in the light of the current credit crunch," says Tjaart van der Walt, CEO of the RealNet estate agency group.
"At the moment lenders are looking hard for stability and reliability in a borrower, and a good record in paying off credit card debt, hire purchase obligations and any other form of debt goes a long way towards ensuring a successful home loan application. And if the buyer can show that they have already successfully managed one or more home loans, the process is easier."
The first thing borrowers should remember is that they can't fool the lenders. A credit record in this country is easily traced by the financial institutions, which have access to information from a multitude of sources. However, even if there has been a glitch in the past, it is not necessarily the end of home loan hopes.
Van der Walt's advice to borrowers is to ensure that their credit record for at least the past two years is good before they apply for a home loan. Lenders will also look for job stability in that period, and if the borrower runs his own business they will want verifiable proof of reliable income.
He also says that if there has been a payment problem in the past, potential buyers should be honest about it and be prepared to provide proof of the reason for instalments being missed or delayed, such as retrenchment or medical bills after a long illness.
"Generally, creating a good credit record means paying bills regularly and on time, ensuring that other lines of credit such as an overdraft facility and credit cards are not always stretched to their limits, and building up savings for a deposit on the home you want to buy.
"Even if you do not commit all of your savings to a deposit, the lender will be impressed if you can show that you have an emergency reserve."
And finally, he warns: "Don't run joint accounts. One person's credit problems can spoil another's credit rating for years, even if they occurred long before the joint account was created."
Issued by RealNet
Read more property related articles
Traditionally a playground for the rich and famous, Plettenberg Bay is now attracting a new generation of retirees, both young and old.
Tim Hutchinson, principal of leading local agency Homenet Pick of Plett, says the Garden Route town is fast becoming a hub for those who have made their fortunes while still comparatively young. Unsurprisingly, a large proportion of them are cash buyers.
And while it is known for its upmarket status, the Plett property market has slowed in recent months - creating ideal conditions for these wealthy young retirees to pick up "bargains" in the R2m to R3m range.
"Meanwhile older retirees looking for serviced retirement facilities are also catered for," says Hutchinson. "A number of retirement developments such as Formosa Gardens Village and Glen Eden Village have been built in recent years to meet the increased demand. Residents can either purchase or rent here."
However, retirees aren't the only ones finding Plett attractive. The area continues to appeal to a wealthy local and foreign buyer mix drawn to the beautiful natural surrounds, mild climate and über-chic restaurant and retail facilities such as those to be found at the Upper Deck Lifestyle Piazza and LM restaurants in the recently refurbished Plett CBD.
Improvements to the CBD are just about complete, says Hutchinson. The main road and various other public facilities have been upgraded, bringing Plett in line with other coastal hotspots. "Unfortunately, some commercial properties and the main beach did suffer storm damage recently, but clean up operations are already under way and things should be spick and span by the start of the holiday season in December."
He says a fair amount of activity is occurring at the moment at the very top end of the Plett property market where a number of beachfront properties have become available at prices of R20m and more.
"At the local entry level, values are currently holding fairly steady at an average of just over R1,8m for freehold homes and around R1,2m for sectional title units, and long term rentals are holding their own at between R5000 and R7000 a month."
ISSUED BY HOMENET
Click to read more property related articles
Get a sneak peek of Entegral’s new MyProperty website that will be launched soon. A lot of new features will be added to the site, promising to be one of South Africa’s most up to date property portals!
RE/MAX of Southern Africa, currently the second best regional performer behind the Czech Republic within the global group’s 92 regions, is on track to open a total of 35 franchises in South Africa this year.
The group had opened 25 new offices by September and is currently converting three offices in the Gauteng area to its brand this month.
Riding high from its best sales month so far this year of R800m in September an upbeat Jeanne van Jaarsveldt told delegates attending a recent Durban group awards gathering that RE/MAX had weathered the exodus of estate agents from the industry extremely well. Based on recent Estate Agency Affairs Board figures the number of registered agents nationally had dipped from 88 000 to a current 45 000. RE/MAX by comparison had shed just less than 12 percent of its sales staff.
This figure had been considered negligible by the US parent company in terms of other regional agent losses and was one of three considerations – along with that of agent productivity and franchise growth – for the South African subsidiary’s current high global ranking.
Substantial rand investment in profiling the brand – according to van Jaarsveldt the largest “share of voice” budget within the industry as measured by AC Nielsen AdEx - and increased training and consumer services intended to spearhead growth of the group to a 3 000 estate agent sales force and a market share of 30 percent within the next 18 months.
Click to read more property related articles
Celebrities and hundreds of kind-hearted volunteers rolled up their sleeves recently to transform Kids Haven, a children's shelter in Benoni on the East Rand, in the first Chas Everitt International Home Makeover project.
This was run along the lines of the popular TV show Extreme Makeover: Home Edition, with the children being treated to an exciting holiday while their home was totally renovated and transformed into a warm, homely and welcoming environment.
Chas Everitt MD Berry Everitt says the purpose of the company's home makeover project is not only to change buildings but also to change lives - and in that way to create a cycle of hope and help for others. "Hard work and generous support from our sponsors will, we hope, make a material difference to the quality of life of the children of Kids Haven."
Betterbond and Nedbank were platinum sponsors of the project, as were Jack's Paint and Hardware, STBB Attorneys, The Home Channel and Ferreira's Décor World.
Teams of volunteers converged on Kids Haven for the weekend project and were assigned rooms to paint under the keen supervision of representatives of Jack's Paints, who donated all the required materials. Unexpected plumbing problems were rectified, which added an extra day to the planned schedule, but it was not enough to dampen the enthusiasm of the volunteers.
The delay also proved a boon to the young residents of Kids Haven - they had been ferried by Springbok Atlas bus to Magaliesberg Retreat for fun-filled weekend while their home was renovated, and got to stay a whole extra day.
They then returned to find their home completely transformed. Four classrooms, four large dormitories, the school hall and stage alongside the training kitchen and storeroom, the recreation room, dining room, locker room, computer room, TV room and sewing room as well as six bathrooms were all freshly painted and decorated.
Each dorm was fitted out with new mattresses, pillows and duvets, scatter cushions and beanbags as well as two changes of linen. Gift packs for each child included towels, face cloths and toiletries and the younger children also each had a Chas Bear teddy waiting on their beds.
The home was also fitted with new television sets and the children will be able to watch the marathon makeover when it is screened on DSTV's Home Channel at 12:00 and 20:00 on Saturday 22 November and again at 15:00 and 22:00 on Sunday 23 November.
Celebrities who lent a hand included Ryk Neethling who proved a dab hand at painting and lent some muscle to move heavy furniture. Volunteers from Chas Everitt branches, Betterbond, Nedbank, Rosebank College, University of
Johannesburg, Ferreiras and Springbok Atlas all helped to complete the project and local sponsors pitched in by supplying food to the volunteers to keep their energy levels high.
Issued by Chas Everitt International
Click to read more property articles
The new entry qualifications for estate agents effective from July 15 have created barriers to the profession and will in the long run further reduce the number of agents in SA, says Bill Rawson, Chairman of Rawson Properties. But, he adds in a media release, those agents who are daunted by the prospect of training and writing examinations and are planning to give up should not do so.
“It should be recognised that the new challenges are not that difficult and once met, will add greatly to the skills of agents. Agents must realise that there is no immediate cut-off point. If you fail to qualify now, you have until 2013 to try and try again.”
All new agents now entering the profession have to serve a one-year internship during which they have to be supervised by a qualified agent with at least three years experience. Thereafter, they have to undergo further update training each year. Those with tertiary qualifications and/or property experience can, under a “recognition of prior learning” arrangement apply for credits on this account.
Right now, said Rawson, no qualification is in place for principals. This means that currently only existing principals are allowed to run franchises or branches – but it is hoped that the matter will be put right soon.
“The new regulations place existing agencies with trained staff in a very strong position. They were, however, never meant to create a monopoly but simply to raise the standards in the property marketing sector. It may be that the these academic type qualifications provide only a partial solution, but at least they take cognisance of the fact that property selling requires a whole range of expert knowledge – and far too many agents have until now seriously lacked this.”
Click to read more property related articles
Entegral Technologies and MyProperty teamed up with bond originators to offer you an industry best of 1.25% bond commission payback when you join the myrewards program.
Click here to join our rewards program
RE/MAX of Southern Africa has announced the appointment of Julian Buckmaster with the responsibility of driving its aggressive franchise expansion in Gauteng.
Buckmaster, who owned the top RealNet Franchise in South Africa, based in Centurion, joins RE/MAX with a string of successes that includes: Franchisee of the year, Franchise Association of South Africa (FASA) national finalist 2007 as franchisee of the year and FASA top franchisee in Gauteng in 2007.
Announcing the appointment today, Jeanne van Jaarsveldt, Assistant Regional Director for RE/MAX of Southern Africa says that RE/MAX of Southern Africa is now the second fastest growing region within the RE/MAX International global stable embracing 65 countries.
He sees the brand expanding in South Africa with a further 40 offices in the next 12 months. “We are confident that 2009 will see RE/MAX move towards increased market share, offering franchisee’s and agents key value proposition to weather the current market conditions”
RE/MAX International so far this year has opened more than 580 franchise offices.
A recent survey asked Britain’s NAEA members what they believe is the best way to increase the salability of a home. These are not necessary the elements which will increase the value of your home, but rather the smaller, overlooked factors, which can make a massive difference when encouraging the sale of your home.
The survey looked into ways to help increase the chance of a sale with many members placing a huge emphasises on first impressions and how crucial it is to make sure the home is free of clutter. 45% of agents said that tidying up clutter is extremely important.
This is an approach that is crucial and cheap, yet missed by so many home sellers. Redecorating was close behind with 22%. Members were then asked about their thoughts of other ways to ensure the sale of a home, looking particularly at the exterior of a property and whether they thought a well-presented garden can potentially make a difference.
The survey showed that 96% of members agreed that a garden plays an important role and should not be disregarded as it is essential to the sale of a home.
Situated on Bedfordview's sought-after Douglas Road is The Pearls, an exclusive new cluster development.
Michael Pompa of marketers Nationlink Wanda Bollo says there are just five homes left for sale in the complex, at prices ranging from the mid-R5-millions to the upper R7-millions depending on size and views.
"These homes on Millionaires' Row all feature international finishes and all have four bedrooms, three reception rooms, studies, staff quarters, swimming pools and at least two garages," he says.
"However they are all different and one has an additional self-contained apartment, for example. Another has an additional cinema room, gym and huge entertainment area."
Bedfordview has long been the area of choice for some of the wealthiest homeowners in the country, and famous for its excellent schools, proximity to the airport, location at the centre of Gauteng's freeway network and its quality shopping malls and entertainment venues.
And in recent years it has also gained renown for luxury cluster developments like The Pearls, which offer a desirable combination of security and privacy and are low-maintenance compared to the area's traditional freehold homes.
Indeed, says Pompa, cluster homes are the top sellers in Bedfordview at the moment, especially among established professionals and business executives. Such homes vary in price from around R3m at entry level right up to up to R12m, so those in The Pearls are great value for money.
Click to read more property articles
Anyone who has ever house hunted is familiar with the feeling of entering a home and thinking: "This is it".
However, says Homenet CEO Martin Schultheiss, while instinct plays an important part in a purchasing decision, it's important to try and remain objective about the area in which it's situated. A dream home could quickly become a white elephant in a declining neighbourhood.
"In this context, an experienced estate agent will be able to impart useful information that should indicate an area's prospects.
"For example, prosperous, well-attended schools are a good indicator of a thriving neighbourhood. Schools that are doing well reflect an active, dynamic community which in turn drives demand for the provision of entertainment and business nodes."
Local shopping centers are also a good indicator of how a neighbourhood is faring. A well maintained, clean shopping centre with bright, modern storefronts denotes a prosperous area. Neglected or empty shops and "closing down sale" signs are not good portents.
The type of outlet is also important, adds Shultheiss. Long-established shops which enjoy good business volumes and offer upmarket products signal stability and prosperity. Second-hand goods shops with assorted jumble, and poorly stocked convenience stores should set off alarm bells.
"Residential and commercial development within the neighbourhood surrounds also indicates confidence in the area. An area in decline is usually sidestepped by developers. And as with shops, the type of development also reveals how an area is progressing."
Buyers should also keep in mind that it is wise to buy a lesser home in a better area than a bigger home in a less prosperous neighbourhood. By doing so, a buyer's risk is lessened and prospects for a good return on investment are improved.
Lastly, he says, buyers should ask for a comprehensive market analysis (CMA) on the property they are considering buying. This should include the area's sales history for the past few years and act as a good guideline as to its future prospects.
ISSUED BY HOMENET
The residential property market in the middle to lower south coast area of KwaZulu-Natal remains resilient, with value for money one of the region's key selling points, reports Pam Golding Properties.
In Pennington, homes with direct beach access are selling up to around R3.5 million, while those with sea views sell priced mainly up to approximately R1.3 million - sound value when compared with beachfront homes elsewhere. PGP's area principal Stefan Nel says buyers include a mix of upcountry buyers seeking holiday homes which they can share with friends or family, and either small freestanding homes or those within a secure complex for retirement purposes.
"In addition, we anticipate that the new Arbour Town giant shopping mall currently under construction in nearby Amanzimtoti will have a positive impact on residential property along this entire area of the south coast. Further good news is that we have increased our rental portfolio, with an increase in home owners putting their holiday homes into the permanent rental pool. This is coupled with the fact that higher rentals are now being achieved - some 15-20 percent more than previously. Homes to rent offer good value, ranging on average from R3000 for a three bedroom home with single garage to R5000 per month for a good quality four bedroom home with double garage," says Nel.
Further south at Umtentweni Herman and Carolina Reyneke of PGP report that an increasing number of enquiries are from local buyers, including those from elsewhere in KwaZulu-Natal. "We are seeing a marked trend towards those wishing to purchase homes for permanent residence - including retirement - which bodes well for confidence in our area. Buyers are becoming aware of the huge value for money which we offer. For someone looking to retire, an example of the excellent value is a beautiful two bedroom sectional title home within a secure complex which we are currently marketing at just R550 000. This includes its own private garden and undercover patio. The average price of a three bedroom, two bathroom home with quality fittings i.e. a good sized family home, is between R800 000 and R1 million. Umtentweni is an attractive area, popular among professionals, with neat, well maintained homes and neighbourhoods," adds Carolina.
Being more a location for permanent residence rather than a holiday home/holiday letting scenario, the Port Shepstone the property market remains active, with most buyers those at the upper end of the market - either upgrading or investing, report Veshad Pooran and Nirvana Maharaj, PGP area principals. "The value of properties currently being sold ranges from R800 000 to R1.5 million. With some stands in the Port Shepstone area in the region of 2500sqm, we're also currently receiving calls from a number of owners wanting to subdivide stands to sell, in order to reduce their rates bill," comments Pooran.
Further down the south coast Dina Porteous, PGP area principal for the areas Shelly Beach, St Michael's on Sea, Uvongo, Margate, Ramsgate and Southbroom, says in Shelly Beach sales remain steady, with average prices currently around the R1.3 million mark. "Dubbed the gateway of the south coast, the Shelly Beach market is driven by both the residential and the holiday market as it is the 'new area' of the south coast. Gated estate living close to schools and major shopping areas proves a compelling drawcard for permanent residents relocating here from other areas. Uvongo, a more established residential area, offers good buying opportunities for those prepared to do some renovations. Average prices here are up from approximately R915 000 in 2006 to R1.15 million this year. Complexes such as St Michael's Manor in St Michael's on sea offer clients excellent value for money with an average price per square metre of R5500, making them affordable and ideal for retirement."
Porteous says in Margate the sectional title and general residential markets have moved in opposite directions in terms of price appreciation. "While the average sectional title unit is currently around R2.8 million - up from R1 million in 2006, the residential market stands at an average price of around R660 000, down from R1 million two years ago. This could be due to the fact that most of the old beachfront lodges have made way for upmarket beachfront apartments for sunseekers, resulting in the Margate residential market 'moving' to Shelly Beach. One of the most consistent markets in the area, Ramsgate's sales remain stable as does the average price of approximately R1.2 million. With its lush gardens, well organised ratepayers' association, good community policing, shopping centres, school and long stretches of beachfront this area is safe and central for both permanent and holiday markets."
She says upmarket Southbroom, with its top golf course and well kept common areas, attracts the high end buyer particularly those seeking a tranquil coastal hideaway, and the property owners' list reads like a who's who. "Although there are very few sectional title properties available the attraction here seems to be for gentleman's residences, three of which are currently marketed under sole mandate by PGP, priced between R8.5 million and R15 million. These quality homes offer outstanding value for money and it's not often that buyers have this opportunity to own the best the area has to offer," says Porteous.
In the Port Edward area, PGP's Cathy du Plessis says most buyers seeking property in the area are cash buyers, looking for good buys for investment. She says there is also interest in vacant land mainly from upcountry buyers - again mainly for investment purposes. "Enquiries generally are for tracts of land in the region of 22 000sqm and priced around the R3 million mark, which represents good value for money as these sites tend to be around the golf course, with sea views etc. This bodes well for future development as these are savvy investors with an eye on the future, securing land with a view to development when the market is ready." She says in addition, there remains a steady demand for homes for permanent letting, mainly in the R3 500 / R4 000 per month price range.
For further information contact Pam Golding Properties as follows: Pennington 039 9751110, Umtentweni on 039 6952466, Port Shepstone on 039 6825082/3, Port Edward on 039 3111531 and Margate on 039 3173003.
Many homeowners are under tremendous financial pressure to sell currently but the advice from the experts is to hold on to your existing property or at the very least stay in the property market.
Gerhard Kotzé, CEO of the ERA South Africa property group, says this may not be easy, what with the multiple whammies that have impacted on household expenses, but that it would be an enormous mistake to sell under pressure and take a bath financially.
“History tells us that property always bounces back. The danger is that if you sell now you may not be able to get back into property when the market improves and prices begin to rise.”
He says the “survival kit” for homeowners who find themselves in difficulty should address both property issues directly as well as household expense issues.
“For example a sensible trend we’ve picked up, is that of homeowners renting out their large properties and moving into smaller rental homes to cut their living expenses.
“Other options are to extend your bond repayment period or arrange to pay only the interest portion of your bond. Generally banks are surprisingly open to such arrangements, but it is vital not to miss any bond repayments to avoid undermining your credit rating.
“Moreover, you must avoid adding to your debt, especially if you opt to consolidate your debts into your home loan account in order to benefit from the lower rate of interest.”
Other suggestions from Kotzé include keeping a tight lid on your spending, selling off a second or third vehicle, trading down to a smaller car, shopping in bulk, working from home one or two days a week to cut transport costs and joining a lift club.
They call it the Gem of the Overberg, and finding beachfront property for sale there is as rare as hen's teeth. Residents of the sleepy seaside village of Arniston are fiercely protective of their secret hideaway, so it's no wonder that the number of homes changing hands has been well under 20 for the past 5 years and more. Obtaining a home on the beachfront Harbour Road is an almost impossible feat, as such houses are typically kept within families for generations. However, Pam Golding Properties is now able to offer one such rare opportunity to buyers, with a price tag of R10.9 million.
Situated at the very edge of the town, with only one neighbour, the house has three bedrooms, making it ideal for either permanent seaside living or for a family holiday home. The potential for holiday rental income is also significant. The neat home has two bathrooms and a large reception room, plus a single garage and an enclosed braai area, providing lovely views as well a shelter from the wind. A wide wraparound stoep on three sides of the home offers panoramic ocean views. The 833sqm plot has direct access onto Roman Beach - Arniston's main swimming beach.
PGP's MD for the Boland and Overberg, Annien Borg, says with its location just over two hours' drive from Cape Town, Arniston is an ideal weekend getaway spot for city-dwellers. She adds that the village is also popular as a holiday retreat for up-country residents, who relish its white sandy beaches and warm, sparkling waters. "Abundant sea-life and birdlife make this an ideal spot for nature-lovers," says Borg, "with whale-watching and spring flowers competing as the main attractions in the spring months. The traditional whitewashed fisherman's cottages at Kassiesbaai have been declared a national heritage site, and are hugely popular as a subject for South African artists and photographers. There is also a wealth of opportunities for lovers of the outdoors, from hiking to sailing, mountain-biking, fishing and swimming, or exploring the huge low-tide cave from which the village draws its alternative traditional name of Waenhuiskrans. Divers can explore the numerous wrecks in the area - including that of the British ship the Arniston, which sank in 1815 in one of this country's most serious disasters ever, with close to 400 lives lost." Borg adds that Arniston is also well placed for day trips to Cape Agulhas, Struisbaai and Bredasdorp, which is just 15 minutes' drive away, and offers sporting facilities including a golf course.
PGP's area manager for Arniston, Le Roux van der Merwe, says there are only some 600 homes in the entire village - and seeing as it is surrounded by nature reserves, there is little potential for further expansion. Indeed, previous attempts at sub-division of existing properties have been regularly refused, and residents fight hard to preserve the unique character of the village. This fact, combined with Arniston's growing popularity as a holiday destination, mean that property values have increased more than 20 percent over the past five years. "Homes in the streets set back from the sea now fetch around R2.5 million to R3.5 million," says Van der Merwe. "On the rare occasion that a vacant plot goes up for sale, it can fetch anything from R1 million for a plot without a view, and upwards of R4 million for a 500sqm plot closer to the sea. But these opportunities are few and far between. It is also extremely rare for beachfront homes to come onto the market - although we have had two come up for sale this year, which is highly unusual. The first was sold by PGP for its full asking price of R7.96 million, and we anticipate that this second home on Harbour Road will also achieve its full asking price. We have a lot of cash buyers - both holiday buyers and investors - clamouring for homes. And of course there is always demand from existing residents who want to acquire second properties for their family members."
South Africa's leading asset sales and services company, the Alliance Group,
will soon be selling a prime home at Marlbank, in the heart of the Vaal
River's Millionaire's Bend. With 55 kilometers of South Africa's most
dynamic and permanently navigable inland waterway on your doorstep, this is
a water-lover's dream home.
This extraordinary home, just over an hour from Johannesburg, is right on
the river's edge and offers the ultimate in exceptional and luxurious
detail, with a rare blend of opulence and tasteful livability. The property
is situated on 3.27 hectares with river frontage and rolling paddocks
housing stables with five horses. An exquisite home, it has approximately
1500 square meters under roof, including outbuildings, with five bedrooms
all with bathrooms en suite. Four of the bedrooms overlook the river and one
bedroom overlooks the stables and green-lawned estate.
Features of the home include a spectacular entertainment area and
wrap-around bar; as well as a lovely dining and sitting area with private
lounge and huge built-in gas fireplace. The open-plan dining room leads onto
a gourmet kitchen with an open serving area to the bar. Other features
include a scullery, glass cellar, study and a gym.
Amenities include the stables with tack room and lunging ring, a swimming
pool overlooking the river, a boathouse, intercom and fully-wired computer
network. There is also a borehole, alarm and security system - and last but
not least, beautiful landscaped gardens and magnificent staff quarters for
four staff members. The architects were Howard Johnston Architects.
There's no doubt that this is a fine home, ideal for getting away from it
all - plus a good investment. Warren Aronson of Alliance Group comments:
"The property offers an ideal opportunity to live in the country, but close
enough to work in the city''.
The auction will take place on site on the 30th October. The property can be
viewed on the 11th and 18th October.
Click to read more property articles
Harcourts International Ltd today announced a joint venture with a major South African real estate company, Homenet Group, in its “most significant” step overseas since it established Harcourts Australia more than ten years ago.
Harcourts is taking a shareholding in the local company, and licensing them to use its brand and systems over the next twelve to eighteen months.
Harcourts executive director Paul Wright says, “Homenet is one of the top five real estate organisations in South Africa with over 130 offices throughout the Republic. Partnering with them is a truly exciting step for Harcourts, continuing the strong international growth of our brand, moving closer towards our goal of being one of the world’s leading real estate franchise.”
Full Article Here: http://www.nbr.co.nz/article/harcourts-enters-south-africa-35403
Fractional ownership in South Africa is generally perceived to be exclusively applied to luxury vacation residences; however, the concept is now also being applied to luxury leisure use assets such as helicopters, private planes and boats delegates attending the recent 3rd Annual Fractional Ownership Conference in Cape Town were told by Dirk Wilson, co-founder of fractionalownership.co.za and organiser of the conference.
One Johannesburg company had sold six private planes by fractional ownership and was busy selling their first helicopter; a Cape Town company had recently completed the sale of a R15m luxury cruiser on fractional and was now moving onto their second boat.
Wilson also outlined the number of active players selling assets on fractional ownership in the South African market: vacation residences – 34 companies with 120 plus different residences in more than 41 destinations throughout Southern Africa; one company with seven aviation products; two companies with two top-end boats, and one company putting final touches to their super-car club.
The number of fractional ownership companies involved in the residential sector had dropped dramatically in the last six months. “There were 64 companies active in the residential market six months ago, which has dropped to 34 today. This is a good thing, because it was evident that there was something of a ‘gold rush’ to market. Droves of developers and agents had the perception that a residence that was not selling on the whole ownership market would automatically sell on the fractional market. They could not have been further from reality.
“To operate in the pre- and post-sale fractional market, you will be required to implement management and hospitality support infrastructure for a minimum of 20 years. For the South African market to maintain long-term sustainability and keep its position as the world’s second most established fractional sector (after the USA), it is imperative that new entrants in the market understand what their long-term obligations to their projects are, and are prepared to conduct essential research before they launch a product into the market.
In terms of the volume of fractional residences available on the market in Southern Africa, South Africa has the lion’s share of the market (90%), Mozambique 3,3%, Mauritius 2,5%, Seychelles 1,6%, Tanzania 1,6%, and Namibia 0,8%. In South Africa alone there are an estimated 41 lifestyle destinations/resorts, towns and areas where fractional ownership residences are available. When looking at the volume of residences by province, this time the Western Cape has the lion’s share with 47%, KZN 18%, Limpopo 15%, Eastern Cape and Mpumalanga 5% each, Northern Cape and Gauteng 3% each, and North West and Free State 2% each.
Wilson says there is global interest in Southern African fractional offerings, as recorded on fractioanlownership.co.za. “Most (74% of total enquiries) some from South Africans, and then, in descending order, from the UK, USA, Canada, Australia, The Netherlands and United Arab Emirates.
"Barely Awake" is a self catered House boat on the Knysna Lagoon. It’s big enough for 4 adults, 1 child. It has a fully equipped kitchen and complete bathroom facilities. Appreciate the beautiful lagoon while braaiing on the deck, suntan or snorkel and dive from the comfort of your home on water. The boathouse is moored in the Knysna Harbour at the Waterfront. Step onto the shore and explore the shops, restaurants, galleries at the Waterfront, or just take a ten minute walk to the town. Boat is fully equipped and will suit anyone that is a Nature lover.
"LIVING THE DREAM IN A UNIQUE SOPHISTICATED WATERS EDGE APARTMENT"
This superb apartment with four bedrooms, 4 bathrooms all es., has two levels, with magic views of the CLIFTON BAY and THE 12 APOSTLES! The bottom level has a self contained unit with it's own entrance, with it's own POOL, JACUZZI on a large terrace. It also has a SAUNA.
The top level has an exceptionally large entertaining area, flowing onto an expansive terrace.
To see a more detailed description of the property, click here
| |
| |
The 3 500m2 property is situated between Hans Strijdom Avenue and Mechau Street along Buitengracht Street with a very prominent and strategic location at the entrance to the city.
According to Councillor Simon Grindrod, Mayoral Committee Member for Economic, Social Development & Tourism, this will be Cape Town’s single biggest development since the establishment of the Victoria & Alfred Waterfront.
The Malgas site was sold by the City in May 2007 to the Old Mutual Property Group for over R89 million.
At the time Executive Mayor Helen Zille said that this initiative was an excellent example of “how the private and public sector could work together in realising the City’s strategic objectives of economic growth and development”.
The City’s Spatial Planning, Environment and Land Use Management Committee (SPELUM) has now approved the height waiver which will allow the development to go ahead.
“This is another illustration of how the public and private sector can work in harmony to create investment and jobs for the residents of Cape Town ".
“The City welcomes the mixed use development of hotel accommodation and commercial space. With a height of about 150 meters, it will be the tallest building in Cape Town. The allowable bulk is approximately 60 000 square meters, which is another record.”
“The development will comprise 33 000 m² of offices, 14 500 m² of hotel accommodation and 2 500 m² of retail space. This is a significant show of confidence on the part of South Africa’s largest financial services company in Cape Town’s CBD,” says Cllr Grindrod.
According to Mansoor Mohamed, the City’s Executive Director: Economic, Social Development and Tourism, this is Old Mutual’s largest project in Cape Town to date.
“The City of Cape Town is busy implementing an infrastructure led economic development strategy. I am very satisfied that it took such a short time of 12 months to progress this transaction.
“The development is important for a variety of reasons including the social and economic benefits. One of the conditions of sale was that Old Mutual should prioritise the building of 564 residential units and a retail and commercial development of about 6 000m² on a 10 hectare property in Khayelitsha.
“This is an example of how the City will use strategic parcels of land to stimulate economic growth in areas where it is most needed. The City welcomes the additional hotel and office space that will lead to more jobs for the economy of Cape Town. I would like to commend my colleagues in the City’s Planning Department for a job well done,” says Mohamed.
Released by the Communication Department, City of Cape Town
Click here to real more property related articles
Recognised as a well-established and highly successful golf and beach resort, San Lameer on the KwaZulu-Natal south coast has proven to be one of South Africa's most popular destinations for fractional ownership, says Werner Geyser, sales consultant for Pam Golding Fractional Ownership. San Lameer is minutes from the popular resort town of Margate, 20 minutes from the Wild Coast Casino and a scenic 75 minute drive from Durban.
"This is not surprising given the sound return on investment enjoyed by fractional owners at San Lameer. Furnished to high standards and each including a golf cart, our two bedroom and three bedroom units have enjoyed excellent occupancy rates of 73 and 65 percent respectively during the year to date (2008), both of which include usage by owners as well as rentals via the rental pool," he says.
"In terms of two bedroom units, owners used 60 percent ie 17 days of their allocated four weeks (ie 28 days) with the remaining 40 percent placed in the rental pool - of which 33 percent of the bed nights were rented out at an average of R1600 per night providing an income return of R6000.
Taking into account an owner's usage of 17 days at this same rate, this translates into a usage value of R27 200. In other words you have foregone the income by making use of the villa yourself, however you would have paid a similar rate to have enjoyed the same amount of holiday time in a similar holiday destination. As a result your return on a two bedroom share (fraction) at a cost of R260 000, the usage plus rental represents 13 percent.
Similarly, regarding the three bedroom units, owners used 50 percent ie 14 days of their allotted weeks with the remaining 50 percent placed in the rental pool - with 28 percent of the bed nights rented out at an average of R2200 per night. With 14 days' usage affording a usage value of R30 800 and the rental income representing R8800, the return on a three bedroom share of R299 000 represents 13.2 percent.
Geyser says over and above this, over the past three years an average escalation of 15 percent in the price of the shares at San Lameer has been achieved, further enhancing the value of this fractional product. As a result, not only is the purchaser minimising his/her holiday expenditure, the leisure asset is also appreciating as the share is underpinned with real property value. Fractional ownership also provides access to what may otherwise be hardly affordable, luxury destinations, whether these be golf, seaside, game farms or an international destination.
With breathtaking scenery, tranquility and seclusion, San Lameer is a conservation haven with 195 different bird species, abundant wildlife and indigenous fauna and flora, a championship golf course. Currently Pam Golding Fractional Ownership are marketing fractional shares in a luxurious two bedroom, two bathroom villa with a spacious, open-plan design flowing to outdoor areas, covered terraces and including a surround-sound entertainment system, flat screen television, air conditioning and a two-seater golf cart.
Click here to read more property related articles
| |
| |
Named by the SA Housing Foundation as the 2007 housing project of the year for units over R80 000, Stellendale Village is the first project in the Western Cape to fully integrate and evenly spread subsidized GAP houses throughout a larger private sector project. Peter Grobbelaar, projects director of Visual International, the developer, says that the private/public partnership incorporated in Stellendale Village means a total of 140 houses will be sold to qualifying purchasers of GAP houses, nominated by the Department of Housing of the Western Cape Province. They are being sold for R350 000 each and will be integrated with the other homes throughout the remaining phases of Stellendale Village in terms of a land availability agreement with the department. Grobbelaar says they look like the other homes in Stellendale Village, priced at up to R650 000, and have exactly the same finishes and specifications.
The village which will ultimately comprise 1 500 homes, is located adjacent to Stellenbosch Arterial Road in Kuils River in growing community served by a hospital, seven public schools and three private schools. It is within walking distance of a major new shopping centre and within 2 km of the R300, 8 km of the N1 and 5km of the N2.
|
|
