Edition 28 of 2007, Friday, 20 July 2007
They say that South Africa's electricity is the cheapest in the
world. This is however to come to an end. "The cheap-electricity
era is coming to an end, here and in all other markets," chairperson
Valli Moosa of Eskom warned South Africans.
Berry Everitt, MD of the Chas Everitt International Property Group
gives good advice to property investors;
- Know what you plan to do with the proceeds of the investment
- Consider the overall prospects of the national economy
- Consider the economy in the area the property is situated in
Read more in Investment rules still in play
prospects for the residential property remain positive, according
to FNBs property strategist John Loos, who is confident
that house prices, having already posted a more than 20 percent
cumulative growth since the beginning of 2006, will record a doubling
in their values in the second half of this decade.
Loos, addressing estate agents at an FNB Home Loans recent
legislation workshop in Durban , forecasts a steady annual increase
in house prices for the remainder of the decade to reach
its highest annualised level of around 20 percent by the end of
the decade or early in 2011. SA house prices forecast to double
in second half of decade by Rodney Hayter
Rockey Street, I can still remember hanging out in this once-famous
and up market entertainment buzz. One of the oldest suburbs of Johannesburg
and once upon a time an elite district populated by the city's rich
and famous is now a haven for beggars and dripping of crime. I was
filled with joy when I read this week that Rockey Street is to undergo
a face lift. What we want to do is make Rockey Street a cultural
capital in SA. We want to give people a holistic African experience."
Graham Pieterse, CEO of City Re-Mix.
Yeoville must be one of the few areas in South Africa where you
can still pick up good properties for under R 500 000. Focus
on Yeoville, Johannesburg, Gauteng, South Africa.
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