Property prices taper off

The massive growth in property prices is now tapering off leaving the property market at risk of over-trading, property specialists warned on Monday.

Supplied by Dave Welmans www.thepropertygame.co.za

Love is blind, and greed is insatiable. -Chinese proverb.

Investment bubbles whether they involve stocks, tea or tulips are a fascinating study. The story of the South Sea bubble has been well chronicled but it took place so long ago that few people can recall it with any accuracy. Due to scant information, the investment blunders of old often revolved around ludicrous propositions that seem obviously foolish to us now. We tend to think that we are a little wiser today but many people still get caught up in the quest for a quick buck. The Kubus Culture scam, the Hamilton Airship crash, the Masterbond bust and the myriad of cash pyramid schemes have all made their marks (or rather dents) on South African pockets.

From one of our readers:

MORTGAGE advances in SA increased 24,8% year on year in January, the highest recorded growth recorded since May 1989 when it was 24,9%.

Many new homebuyers are confused by the difference between occupation and possession of their property - and by the provisions in a sale agreement for the payment of occupational rent.

Belfast is one of the coldest places in South Africa and remowned for its trout fishing and highveld scenery.

Near the Drakensberg escarpment and 210km east of Pretoria, Belfast is one of the coldest places in South Africa. The grassveld district is known for cattle, dairy and sheep farming. The wattle and bluegum plantations are the oldest in Mpumalanga.

View Properties in Mpumalanga | View Properties in Belfast

Western Cape, Strand Price: R18 000 000 Bed: 5 Bath: 6 Garages 3

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We at Valley Estates trust you all had a good rest and are all ready and able to attack the new year with renewed energy and optimism.

Once again we will have clients who talk the market down and who decide to wait because “this market cannot sustain such high growth!” This year will once again see those of us who are going to make large amounts of money out of very small investments.

Article by Valley Estates : www.capricornestates.com

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