Susan Deacon Property Group Newsletter - 17 November 2010 http://www.susandeacon.co.za

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Welcome Index
There has been a lot of debate recently about whether the fixed difference
between the repo rate and the prime rate of interest is too large and
whether government should move to shrink it, but on the whole, we don't
think that would be a good idea.
For one thing, banks have to maintain large capital reserves to provide a
hedge against bad debt. Under current rules banks have to hold at least 4%
of their balance sheets in reserve but in terms of this month's Basel III
international banking agreement, this percentage will have to be steadily
increased to 6% by 2019, and banks will also be required to hold a further
2,5% of their balance sheets in "emergency reserves".
And we should not forget that it is having such reserves that has enabled
the banks to be much more accommodating towards borrowers in distress
and default during the most recent economic downturn than was possible
in the late 1990s, when soaring interest rates resulted in thousands of
people losing their homes.
In addition, the banks have only recently begun to show more confidence in
lending again, and we don't think that should be discouraged in any way as
it is critical to the full recovery of the property market - and the economy in
general.
Weekly Property Feature
New Release Property
From the Desk of Marcel
Deacon
International Property
Articles
Events/ Things to do
Recipes
Weekly Property Feature
CALITZDORP - R3 495 000
Karoo smallholding with vineyard,
lovely country style home and
cottages.
The perfect country living retreat.
Exclusive to the Susan Deacon
Propety Group
Read more.
KNYSNA - R3 500 000
Prime stand in Simola Country
Estate for sale with spectacular
views, prime property, excellent
security and the perfect spot to build
your luxury villa.
Read more.
ROBERTSON - R8 900 000
Situated in the picturesque
Klaasvoogds Valley, nestled on the
foot of the Langeberg Mountains with
its parental streams and breathtaking
views. Abundance of natural
vegetation and some free roaming
antelope like bushbuck, fallow deer
and Cape greybuck. Excellent quality
grapes under irrigation.
Read more.
New Release Property
CAPE TOWN - R425 000
Award winning Buh-Rein Estate Durbanville area for
sale
Award-winning Buh-Rein Estate has been designed to

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sale
Award-winning Buh-Rein Estate has been designed to
offer you a richly enjoyed lifestyle, protected by state of
the art security. There is simply nothing like it on the
market. Buh-Rein is an estate, yes - but more than that
it's a living, breathing suburb; housing all the things we
need and want in daily life...
Safety. Convenience. Comfort. Friends. Time Outdoors.
Years of preparatory research and design work have
created a truly unique lifestyle estate, where there is
space, convenience, safety and quality of life - both
indoors and out.
Read more.
HEROLDS BAY - R760 000
This is one of only a few stands available in this
exclusive area of Herolds Bay. Level stand facing north
west with a view of the Outeniqua mountains.
Read more.
From the Desk of Marcel Deacon
INVEST IN THE SOMERSET WEST PROPERTY MARKET
Kelderhof Country Estate Village
Just 30 minutes from Cape Town, surrounded by sprawling vineyards, you’ll find Kelderhof
Country Village, a little piece of heaven on earth.
Experience the tranquility of country living, combined with the luxury of superb facilities in a
sought-after location… all at a surprisingly affordable price. Whether you’re interested in
purchasing a plot or plot with a plan, you’ll find that this unique premier development offers
truly outstanding quality and value.
At Kelderhof Country Village you will discover the beauty and charm of a country lifestyle.
Your search for peace and tranquility ends right here where you can experience the best of
both worlds, with sprawling vineyards on your doorstep and urban amenities conveniently
close by. When relaxing on your front porch, surrounded by unsurpassed views and the
sounds of nature, you’d be hard-pressed to believe that the nearest shopping mall is a
mere five minutes away…
* 30 min to Cape Town City Centre.
* 15 min to Cape Town International Airport.
* 10 min to Erinvale Golf Estate.
* 8 min to Somerset Mall.
* 5 min to Waterstone Mall.
* 5 min to Cape Town Film Studios (Dreamworld).
PLOT ONLY
Purchasers who wish to invest now in this exclusive estate and build their dream home at a
later date, will understand the strategic importance of securing their ideal plot before it’s too
late.
Read more
International Property
FLEURS DE CANNES - MAURITIUS
The Villas Fleurs de Cannes were designed according to the promoters and investors
expectations of a Tropical habitat. Fleurs de Cannes Villas honour the high standard expected
of a well designed house, both in functionnality , space, comfort, security and high quality
environment. Villa Fleurs de Cannes will definitely charm its owners.
17 T5 villas of 225 mm at the heart of a secured allotment with swimming pool/kiosk, overhanging a green valley.
Within a few steps of hot white sanded beaches and crystal clear lagoons of Grand Bay. Enjoy the sweeping views
and relax at your new recreational centre offering squash sports and a fitness room.
Be among the first to acquire one of the 17 Fleurs de Canness RES villas, a new real estate project to be developed
by Heritage Promo Ltd on a 8 352 mm site in the white sand beaches region of Northern Grand Bay. Enjoy
sweeping views of enchanting land of billowing sugar cane fields, breathtaking sunlit mountain ranges and
turquoise coloured lagoons.
The villas Fleurs de Canness are designed so that their construction is in harmony with its landscape environment.
Only one type of villa was distributed across the plot, in order to adapt the construction as well as possible to the
weak slope ground. Constructions are established closest to natural ground.
Entry and exit to the residence are done through a principal access guarded by a security officer and is to the south-
east of the site. The principal alley which serves all 17 villas is planted with royal palm trees. The whole plot was
designed in such a way to guarantee a home feeling of peace, calm and serenity.

3. east of the site. The principal alley which serves all 17 villas is planted with royal palm trees. The whole plot was
designed in such a way to guarantee a home feeling of peace, calm and serenity.
Read more.
Articles
COMMERCIAL PROPERTY UPDATE
A story of timing, inflation and monetary policy.. oh yes
and throw in the emerging ingredient too
South Africa's commercial property market is often cited
an outlier within the global real estate universe – and for
good reason: South Africa outperformed all other
property markets on a local currency basis in seven out
of nine years for which IPD has sufficient data to produce
a global index.
Since the last property boom started to gain traction, in
2003, nominal capital values have virtually doubled in
seven years, rising by 97.4%. This includes a cumulative
rise of 23% over the three years to end 2009 – the period
when the global financial crisis struck, prompting a
severe re–pricing in commercial property values in
virtually all other markets worldwide.
Read more.
CAPITAL GAINS TAX FOR NON-RESIDENTS
Draft legislation has been released for public comment
in terms of which a Section 35A is to be inserted in the
Income Tax Act to provide that:
Any person such as the purchaser or the conveyancer
appointed to attend to the registration process who must
pay an amount to a person who is not a resident in
respect of a disposal of any immovable property in the
Republic must withhold from the amount due to such
seller an amount equal to: -
a)5 percent of the amount so payable where the seller is
a natural person;
b)7,5 percent of the amount so payable where the seller
is a company; and
c)10 per cent of the amount so payable where the seller
is a trust.
Read more.
One way of increasing the return and value of a home is
through home improvements.
Home improvement is not only a great way to enhance
your investment, but it can also provide you with greater
satisfaction with your living environment. But before you
call the contractor, there are a few other things to
consider.
Home improvement projects can offer significant
rewards whether you are looking to put your house on
the market in the immediate future or even if you are not
interested in selling for years to come. But before you get
started, you need to identify which improvement projects
will increase both the resale value of your home as well
as your day-to-day comfort.
Read more.
THE BEST VALUE ADDING IMPROVEMENTS
DUTIES INCREASE FOR ESTATE AGENTS
Estate agents across the country have been concerned
about the new responsibilities that will be imposed on
them by the Consumer Protection Act (due for finalisation
in March/April 2011) and it is clear now, says Grant
Gunston, senior director of Grant Gunston Attorneys, that
agents will, as "links in the supply chain", be held
accountable for:
Any action which on later investigation could be
characterised as dishonest, unfair or misleading;
Read more.
Many of us have heard time and again that the purchase
of a house is probably the biggest single purchase most
people will make in their lifetimes. And yet, for this
realisation, it is startling how little time some potential
homeowners invest in this momentous financial and
potentially life-changing decision.
I have heard of people whose research into property for
sale prior to purchasing a home amounts to little more
than a drive around the desired neighbourhood looking
for "For Sale" boards. This is a good idea if the leisurely
drive around suburbia is combined with another market
research approach.
HOUSE HUNTING TIPS FOR HOME BUYERS
Read more.
BANKS TO REDUCE REMORTAGE RATES
Banks reduce remortgage rates
Banks are trying to tempt home owners onto new deals
by making significant cuts to their rates.
Many borrowers are remaining on record low standard
variable rates instead to avoid paying a higher rate on a
new deal. Banks have reacted by making further cuts.
The average cost of a tracker loan dropped for the third
consecutive month to hit a new record low of 3.5 per
cent, according to the Bank of England.
Read more.
SAVUTI COASTAL ESTATE
Wildlife living by the sea, Savuti Estate
The most exclusive address in Jeffreys Bay on the
magnificent Garden Route in South Africa
Wildlife literally on your doorstep - Zebra, Giraffe, Kudu,
Hartebeest and many more
Waterside living with 24 lakes throughout the estate
Sense of freedom - 80% of the estate is open space
Close to magnificent beaches
Gated estate with state of the art security
Walkways, cycling & equestrian trails
Close to regional shopping centre and medical facilities
Estate's own private school
Tennis and squash courts, gymnasium, archery range
as well as equestrian stabling facilities with a riding
school
STANDARDS FOR MANAGING AGENTS
Managing agents of sectional title schemes and home
owners' associations will, like estate agents and estate
agency principals, have to be in possession of NQF4
and NQF5 qualifications by the end of 2011 if they want
their Fidelity Fund Certificates renewed.
In addition, they will, like estate agents, have to pass the
Professional Designation Exam (PDE) by 2013.
Pointing this out recently, Michael Bauer, GM of Cape
sectional title management company IHFM, said there
were still some managing agents who resented these
requirements and hoped that their implementation will
be indefinitely delayed.
Read more.

4. as well as equestrian stabling facilities with a riding
school
Read more.
be indefinitely delayed.
Read more.
Events / Things to do
GARY PLAYER INVITATIONAL - GEORGE
Gary Player Invitational presented by Coca-Cola is South
Africa`s premier Charity golf Tournament. It is all about Making a
Difference in the lives of those less fortunate than ourselves.
This is a 2 day golf tournament which takes place on The Links,
at Fancourt in George South Africa.
Read more.
THE BEACH BOYS ENDLESS SUMMER
The Beach Boys Endless Summer. Get ready for
Endless Summer! The Beach Boys will be Surfin` S.A.
with their wave of hit singles that promises to deliver the
ultimate in Good Vibrations!
Read more.
Recipes
BONE STUFFED CHICKEN
1 jumbo size chicken or a large Cornish hen
a very sharp smallish knife
2-3 t (10-15 ml) gelatine powder
1 x 25 g sachet Ina Paarman's Concentrated Chicken Stock
± 5 large spinach leaves, cut off stems and blanch in boiling water
With a strong pair of scissors, snip off the wing tips. Remove and discard
preen glands on top of the parson's nose. Place bird on its breast and cut
open along the back bone with a small sharp knife.
Read more.
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