Edition 2 of 2005, Friday, 21 January 2005
It was announced this week by the State tourism body of South Africa that they are working hard with its partners to revise the decline South Africa had in International visitors. The biggest fall was 3.1% in European visitors. This was partly due to aggressive competition from other countries like Australia and Thailand. How will this influence the property market in South Africa? We will have to wait and see.
2005 promises to be another active year for International residential markets with the factors driving buyer demand remaining and new markets opening up for buyers in emerging locations, according to a new report by Knight Frank, views from the United Kingdom.
We received an article Outlook for commercial property market in 2005 in which Andrew Tozer, a director of Pears Commercial, shares a few of his views. This year I think we are definitely going to see an increase in commercial rentals due to the increased business confidence in Cape Town and shortage of development land. An article not to be missed.
Strand, Western Cape, South Africa. A town with one of the safest beaches is situated on the shores of False Bay at the foot of the Hottentots Holland Mountains, an easy 40 minute drive from Cape Town. It is a bustling metropolis of some 50 000 residents and forms part of the picturesque Helderberg Basin, along with Somerset West and Gordon's Bay. Read more in Focus on
One of our Estate Agencies, Menlyn Properties, explains to our readers in which way does a full title and sectional title differ, The difference between full title and sectional title
Driving around in one of Hartebeespoort's exclusive golf estates this week I noticed the erection of wooden fences all over the ground. In Have fun we give tips and suggestions on how to build wood fences. These tips can save you time, money and effort.
|>> Real Estate news - UK|
PROPERTY PREDICTIONS FOR 2005
2005 promises to be another active year for international residential
markets with the factors driving buyer demand remaining and new markets
opening up for buyers in emerging locations, according to a new report
by Knight Frank.
|>> Outlook for commercial property market in 2005|
According to those in the know, 2005 is going to be another boom year for the commercial property industry in Cape Town. Comments Andrew Tozer, a director of Pears Commercial, This year I think we are definitely going to see an increase in commercial rentals due to the increased business confidence in Cape Town and shortage of development land. The conversion of many commercial buildings in both the CBD and Claremont to residential has depleted the stock of offices by more than 50 000m2 and with the increased demand, rentals will be forced upwards.
In the past six months, commercial brokers have found it more and more difficult to find suitable accommodation for their large space users. This shortage has seen increased pressure on rentals and with the strong demand for investment properties from listed property funds and private investors, the yield on commercial property should continue its downward trend therefore increasing capital values.
Wynberg and areas in the Northern Suburbs along Voortrekker Road seem to be the only two exceptions to the commercial explosion in the Cape. Unfortunately, both of these areas continuously seem to be overlooked by developers, which exacerbates the shortage of developable commercial land, observes Tozer. I am confident that we will continue to see the increase in commercial developments in Century City and Tygervalley, as there is still land available for it. Unfortunately, very few developments will be taking place in the Southern Suburbs, due to lack of appropriate land.
ISSUED BY FLUX COMMUNICATIONS ON BEHALF OF PEARS COMMERCIAL
FOR FURTHER INFO EMAIL: KELLY BURKE: firstname.lastname@example.org
|>> The difference between full title and sectional title|
In what way does Full Title and Sectional Title differ?
The Sectional title Act 66 of 1971 which has subsequently been replaced by the Sectional title Act 95 of 1986 has created a new concept of property ownership, in that it made provision for the division of buildings in units / portions...
|>> Protecting your homeloan|
Protecting your homeloan should be a key priority in prudent financial planning but traditional methods may not be the best or the cheapest.
Rhys Dyer, Insurance Director of MortgageSA, says: "Many buyers assume that they must automatically take out life insurance to cover the outstanding bond balance should anything happen to them before their house is paid off...
|>> Focus on Strand, Western Cape, South Africa|
From small beginnings in 1714, Strand has grown into a thriving town & vacation destination 30 minutes from Cape Town and offers a wide range of activities and miles of white, sandy beaches.
The town of Strand is situated on the shores of False Bay at the foot of the Hottentots Holland Mountains, an easy 40 minute drive from Cape Town...
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|>> News from Nationlink|
A home defect that only becomes apparent after an offer to purchase
has been made will obviously come as a major disappointment to the buyer,
who may have spent months looking for his ideal home. But
it may not necessitate financial hardship, or cancellation of the deal...
|>> Have fun!!|
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