SA property not expected to follow European downturn

Pessimists who believe the South Africa residential property market will follow the now almost universally predicted European and United Kingdom downward trend for the next year and see decreases in the value of their homes are almost certainly wrong, says James Wilson, property development director or Cape Town-based AMDEC...

Supplied by Dave Welmans www.thepropertygame.co.za

All property owners and investors should always be looking forward to ascertain the way that the economic environment might be changing in ways that could affect your ownership and investments. This week brings two such items to the fore: first, the spike in the oil prices and second, the prospects of the South African GDP...

Never-say-die investors in buy-to-let are continuing to absorb developments in the Sandton CBD, despite investment yields of 5% or less.

Limestone, the agents specialising in the area, claim to have sold 160 of the 250 units in Hydro Park on Grayston Drive within three weeks. It's a new development over the road from Westpoint, a new 220-unit development that is finally fully let...

Hoisting of South African and Bulgarian national flags marked the opening of South African embassy's new ultra modern home in Sofia. The ceremony was attended by Gerhard Visser, South Africa’s acting ambassador to Sofia. Photo by Kameliya Atanasova (SNA)

Article from: www.novinite.com

The new embassy of Republic of South Africa in Sofia has opened doors on Wednesday.

Hoisting of South African and Bulgarian national flags marked the opening of the new ultra modern building, situated in the Platinum Business Centre.

"I am extremely happy that we settled in such ultra modern and in the same time such exquisitely cosy building", said Gerhard Visser, acting ambassador to Bulgaria.

The atmosphere of our new home combines the authentic architecture style of old Sofia and a most modern design, Visser said.

The business building is situated on Bacho Kiro Str. 26-30, in the heart of Sofia, and is close to almost all important government, finance and culture institutions.

The project was funded by Bulgaria Platinum Group, investing in the real estate development in Bulgaria.

Wellington, steeped in history and tradition, has a magical atmosphere that will captivate you once you discover the town, its people and its myriad of attractions. Originally known as Limiet Vallei (border or frontier valley), the area became known as Val du Charron or Wagenmakersvallei (Valley of the Wagon Maker) towards the end of the 17th century when the French Huguenots settled here...

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The Registry Collection luxury exchange program, an international service provider to the luxury leisure real estate market, announced a strategic alliance with Pam Golding VIP (Vacation in Property), a new division of Pam Golding Property Group.

“The luxury leisure real estate category includes various products such as fractionals, private residence clubs, condo hotels and whole-ownership condominiums that people use for vacations,” said Ivor Clucas, president and chief executive officer of The Registry Collection Asia, Pacific and Africa...

FROM YOUR FEET TO YOUR GARDEN.. EPSOM SALTS MAY BE JUST WHAT YOUR GARDEN NEEDS..

If I had sore, tired feet, the first thing I would grab would be some Epsom salts and soak my old flat feet. If you have some Epsom salts around the house, there is another great use that you may not be aware of. Epsom salts is probably one of the best materials you could use for plants. Dissolved in water, Epsom salts can provide plants the element magnesium.

• For starters make sure that the developer has a good track record. The industry has attracted many entrepreneurs in the last few years as a result of the property boom, but nothing makes up for experience.
• Ensure that the developer has at least three years of residential development - there’s a very big difference between residential developments and commercial and industrial developments...

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