Dear visitor, this week we found 34 headlines of articles about property investing for you. Included you’ll also find details of 2 upcoming events related to property. If you benefited from receiving this free e-mail and want your colleagues, family or friends to share your excitement about property, please refer them here.
 
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Executive Editor

SA Property Investor SA Property Investor
  Issue no: 375 6 April 2012  
 Foreigners buying SA again Go to the top of the newsletter
It is refreshing to see that Foreign interest in the South African property market are on the increase. This shows that these foreigners once again have faith and confidence in the SA market. Read this very informative article.

Foreigners buying SA again - Iafrica.com, 30 March 2012
The number of foreign buyers of residential property is on the increase. FNB Property Barometer figures, says Lanice Steward of Anne Porter Knight Frank, indicate that in mid-2011 foreign buyers accounted for only two percent of the total SA residential property buyers.

SA residential property buyers. However, the figure for the first quarter of 2012 rose to four percent — and it is noteworthy, adds Steward, that FNB estimate that some 20 percent of those came not from overseas but from Africa. This is a big rise from the 8.5 percent African buyers that was recorded in 2011.

These sales figures, she said, have to be seen in their context: they are as yet still a long way off the 2005 figure of seven percent and the late 2008 figure of 6.5 percent — but they do indicate that both international and foreign buyers have confidence in the South African market, recognise that it offers good value and appreciate the fact that compared to many African countries the regulations and taxes governing SA property ownership by foreigners are equitable and not too onerous or complicated.

The confidence of foreign buyers, added Steward, is also still evident among South African expatriates. In the past two quarters their share of the total buying figure has risen from two percent to four percent. Read more...

 Weekly E-News Go to the top of the newsletter
MARKET TRENDS

Subdued growth in mortgage advances - Property24, 03 April 2012
The value of outstanding credit balances in the South African household sector increased by 6.6 percent year-on-year (y/y), according to Absa.

International business: taking South Africa seriously - eProp, 02 April 2012
While many maintain that investment into South Africa is stagnant, interest in manufacturing, mining, retail and renewables paint a different picture.

GENERAL PROPERTY NEWS

Losers threaten CTICC growth - Iafrica.com, 05 April 2012
Only a legal challenge will halt the - of the Cape Town Convention Centre. A R700 million tender has been awarded to architects Piet Bakker, Anya Van Der Merwe and Mokena Makeka.

Cape Town debt counsellor in hot water - Property24, 05 April 2012
The National Consumer Tribunal (NCT) has cancelled the registration of a Cape Town debt counsellor following a court judgement.

No room for complacency as urbanisation slows - eProp, 03 April 2012
So what do we make of some of the talk in research circles about urban populations growing slower than has been projected?

A lose-lose land reform scenario is evolving - eProp, 31 March 2012
The way in which land reform is being handled has caused widespread dislocation of farming activities and devaluation of agricultural property in the affected areas; yet the situation can still be turned around.

Tshwane to tackle electricity backlog - Property24, 30 March 2012
The City of Tshwane will spend R323 million to eradicate the backlog of homes without electricity in informal settlements.

RESIDENTIAL PROPERTY NEWS

How do I price my property to sell? - Property24, 05 April 2012
A Property24 reader asks: I need to sell my house urgently and have called in several agents to value the property. In my opinion, three of the agents have undervalued my home and this feeling has been backed up by one of the valuations, which was much higher than the others.

SA expatriates looking to buy homes - Property24, 04 April 2012
Returning South African expatriates could be a key pillar in the recovery of the market for higher-priced homes.

Gauteng housing market gaining traction early in 2012 - Moneyweb, 04 April 2012
The long period of low interest rates, and a recession fading in the memories of many, appears to be gradually putting Gauteng’s property market on a better footing.

Home price growth accelerates - Iafrica.com, 02 April 2012
House prices in March marked the highest year-on-year growth rate since June 2010, First National Bank said on Monday.

Podcast: Is it still better to rent than buy? - 02 April 2012
It’s Tuesday April 3 2012 and in this Boardroom Talk special podcast, property expert and head of Rode Property, Erwin Rode, joins us with your latest quarterly assessment, Erwin.

When selling your home it is essential to keep track of the transfer process - Moneyweb, 02 April 2012
When selling a home, it pays hands down to check on the process of the documentation and conveyancing – every step of the way.

Tenants: beware damaging property and leaving unrepaired - eProp, 31 March 2012
Landlords in South Africa in recent years have sometimes had the impression that the courts, in their endeavour to comply with the constitutional right of citizens to have “access to adequate housing”, have been overly sympathetic to tenants.

The ever shrinking SA home - Iafrica.com, 30 March 2012
It is often not appreciated just how radically the South African residential property market has adjusted to the tougher economic conditions and the land shortages of the last four years, says Lanice Steward, MD of Anne Porter Knight Frank.

COMMERCIAL PROPERTY NEWS

Booming Sandton leading the way - Moneyweb, 03 April 2012
There are early indications that the grade-A office market might be staging a recovery. The rally is being led by bellwether Sandton CBD, which showed phenomenal rental growth of 16% in the fourth quarter of 2011.

Only 15 offices in SA have achieved green rating - eProp, 03 April 2012
Growthpoint's Lincoln on lake achieves first 4-Star As-Built Green Star rating for a multi tenanted office building in SA.

V&A Waterfront reports robust trading - Property24, 30 March 2012
The Victoria & Alfred Waterfront says trade in the last six months has been exceptionally strong, with retail sales growing by approximately 18% year on year (y/y).

LISTED PROPERTY NEWS

Dominant counters lead listed property charge - eProp, 03 April 2012
The PLSA reports that for the last 12 months to the end of February 2012, SA Listed Property recorded the highest total return of any asset class at 21.75%.

Global Property company launches in SA - eProp, 31 March 2012
Knight Frank, a global property company with 209 offices in 47 countries across six continents handling in excess of US$755 billion worth of commercial, agricultural and residential real estate transactions annually, has launched Knight Frank Commercial in SA.

SA property funds get ‘innovative’ with debt - eProp, 30 March 2012
Funding via the bond market is considered as more transparent than conventional debt, with listed property funds accessing capital at more attractive rates.

Redefine gunning for Fountainhead assets - eProp, 30 March 2012
Redefine views the acquisition of the Fountainhead management company as the key to Redefine being able to acquire the R10 billion of assets of Fountainhead, including further down the line disposal opportunities.

ESTATE AGENTS NEWS

RE/MAX Lifestyle Estates big achievers - Property24, 05 April 2012
Despite reasonably adverse trading conditions within the property sector during 2011, RE/MAX of Southern Africa continued growing from strength to strength and remained one of the country’s leading real estate groups.

Cape agents get national honours - Property24, 03 April 2012
Leading Stellenbosch estate agent, Elmarie van Huysteen, has just been named by the Chas Everitt International property group as its national top agent in a non-metro area.

Estate Agent mandates, fees and conditions - eProp, 02 April 2012
Confusion on estate agent mandates, fees and conditions apparently still exists and will have to be remedied now that the consumer protection act is in force.

PE broker takes international award - Property24, 02 April 2012
When it comes to successfully closing a property transaction, few can compete with Kobie Potgieter, Broker/Owner of RE/MAX Independent Properties in Nelson Mandela Bay. Trading conditions for the property market during 2011 were tough, but for Potgieter it was business as usual.

TAX NEWS
Gordhan warns tax defaulters - Property24, 03 April 2012
The government will soon implement stringent measures to clamp down on tax defaulters, Finance Minister Pravin Gordhan said on Sunday.
SPECIFIC AREAS

Low home prices at Burgersfort Estate - Property24, 05 April 2012
Security, energy efficiency and real affordability are likely to prove a winning combination for the developers of the new Villa Platino Estate in Burgersfort.

Pretoria street name changes battle on - Property24, 04 April 2012
AfriForum will oppose the Tshwane Metropolitan Council's decision to change 25 Pretoria street names in court.

Hillbrow's new health centre property - Property24, 02 April 2012
A dilapidated 1928 heritage building in Hillbrow Johannesburg has been restored, renovated and converted into a world-class health and research facility.

Locals rediscover downtown Jozi - Property24, 02 April 2012
Once feared as a gangster's paradise, downtown Johannesburg's restored buildings, flowing fountains and sidewalk art are attracting an unusual breed of tourist - local pedestrians.

512 new flats for Soweto residents - Property24, 30 March 2012
Human Settlements Minister Tokyo Sexwale says there is a need for a complete eradication of single-sex hostels in order to restore the dignity of the poor.

INTERNATIONAL PROPERTY NEWS

Residential property viewings 'up 400% so far this year' - Irish Examiner, 05 April 2012
Property consultants Savills Ireland has today said that that overall levels of house viewing in Q1 2012 are up by 400% compared to the same quarter last year.

 Upcoming Events Go to the top of the newsletter
Reserve Bank Monetary Policy Committee Meetings for 2012
22 - 24 May 2012
17 - 19 July 2012
18 - 20 September 2012
20 - 22 November 2012

Rode 2012 Events
21 August 2012 - Rode Conference - Cape Town
27 August 2012 - Rode Conference - Johannesburg
28 August 2012 - Rode Eindomsontbyt - Pretoria
31 August 2012 - Rode Breakfast - Durban

For more information, please contact Lynette Smit on 012 664 4159 or send an e-mail to lynette@rode.co.za
To advertise your upcoming property-related event, please e-mail Marissa the details.
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 Editor's Note

House prices in March marked the highest year-on-year growth rate since June 2010, First National Bank said on Monday. "The FNB House Price Index showed a further slight acceleration in March, up from a revised February growth rate of 7.1 percent to eight percent year-on-year," said FNB property strategist John Loos. Read the full report.

The Gauteng house price growth rose 6.8 percent in the first quarter of 2012, the highest growth rate in the Gauteng House Price Index since Q2 2008. According to the FNB Gauteng House Price Index, the average house price rose 6.8 percent and the national average price growth rate was 7.1 percent for Q1 2012. Read the full article in the Residential Property News Section.

The value of outstanding credit balances in the South African household sector increased by 6.6 percent year-on-year (y/y), according to Absa. The bank says the increase was R1 197 8 billion in February 2012. Read the full report.

Until next week!

Blow the bank away with this professionally presented assets and liabilities / sources of income and monthly cash flow summary

Jason Lee Forum

 Opinion Poll
Do you think that Foreign Interest in the South African Property Market is of value to the property market and to the South African economy in general?
Yes, definitely
No, not at all
If you have a different view on the property market and the SA Economy, let us know.
 Last week's poll results

Do you believe with the current property being in the state it is, that now is a good time to start investing in property?

 Book of the Week
7 Steps to Real Estate Riches
Troy L. Peterson
Buy this book from:
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 Our Goal

Our goal is to serve all South African property investors; locally and abroad, residential and commercial, direct and indirect, listed and unlisted, large and small, off-plan and existing, single owners, partnerships and syndications. There are obviously many ways to own property but to make the right choice requires intelligent property investing comparisons. Being well-informed is the first step, so our goal is to deliver all the best property information.

 What Happened This Week

31 March 2012

Debt-mired Ireland is facing a revolt over its new property tax. Government figures indicate less than half of the country's households have paid the household charge by deadline as thousands of people march on the governing Fine Gael party's annual conference at the Convention Centre Dublin.

Government had no choice, but to impose the new charge as part of the nation's efforts to emerge from an international bailout. Ireland already has endured five emergency budgets in four years and expects to face at least four more years of austerity.

The charge this year is a flat-fee ? ($130) per dwelling, but is expected to rise dramatically next year once Ireland starts to vary the charge based on a property's estimated value. Anti-tax campaigners have urged the public to ignore the tax demand, arguing that the government doesn't have the power to collect it.

Ireland imposed the charge as part of its ongoing negotiations with the European Union, European Central Bank and International Monetary Fund, which in 2010 provided Ireland a .5 billion ($90 billion) credit line to pay its bills through 2013.

Source: Wikipedia.org

Previous Newsletters
If you missed a previous issue of this newsletter you can still read it, click here to view last week's newsletter.
 Key Property Indicators Go to the top of the newsletter
 
Current
Last
Week
Last
Month
Last
Year
Prime interest rate
9.00%
9.00%
9.00%
10.50%
ABSA House Price Index
(nominal year-on-year growth)
-3.4%
(Feb '12)
-1.2%
(Jan '12)
-0.3%
(Dec '11)
0.8%
(Nov '11)
FNB Residential Property
Barometer
6.35
(1Q2010)
5.58
(4Q2009)
5.65
(3Q2009)
4.79
(2Q2009)
FNB House Price Index (New)
8.0%
(Mar '12)
7.1%
(Feb '12)
6.1%
(Jan '12)
4.7%
(Dec '11)
Standard Bank Residential Property
Gauge
1.6%
(Jan '12)
0.2%
(Dec '11)
1.0%
(Nov '11)
-0.5%
(Oct '11)
Oobarometer
(Avg. house price change)
4.3%
(Feb'12)
6.7%
(Jan '12)
3.6%
(Dec '11)
1.1%
(Nov '11)
IPD SA Property Index
Total Return: All Non Residential Property
13.3%
(2010)
8.8%
(2009)
13.0%
(2008)
27.7%
(2007)
Property Index
412
-
412
-
379
   8.7%
388
     6.2%
Capped Property Index
333
-
334
-
311
  7.1%
321
     3.7%
Property Unit Trust Index
451
-
454
-
419
   7.6%
436
     3.4%
Property Loan Stock Index
1557
-
1552
-
1428
   9.0%
1450
     7.4%
Real Estate Development & Services Index
778
-
775
-
716
   8.7%
727
     7.0%
Real Estate Investment Trust Index
634
-
643
-
602
   5.3%
632
     0.3%
 Quote of the Week Go to the top of the newsletter
“Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power - after taxes have been paid on nominal gains - in the future. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later date.” Warren Buffett in his letter to shareholders 2012
Executive Editor
Newsletter Editor
Website & Technical Enquiries
Rian Maartens
Marissa Knibbs
Martin Cronje
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SA Property Investor makes no representation and gives no warranty as to the accuracy of the information in this document and accepts no liability for any errors, misprints or omissions herein (whether negligent or otherwise). SA Property Investor shall not be liable for any loss or damage whatsoever arising as a result of any person acting or refraining from acting or placing reliance on any information contained herein. All information in this newsletter been obtained as is and is provided as general information only. No reader should rely solely on the information contained in this publication, as it does not purport to be comprehensive or to render specific advice. As such it is not intended for use as a source of investment advice. All readers are advised to retain competent counsel from legal, accounting and investment advisers to determine their own specific investment needs.
SA Property Investor