Property News - June 2009
Welcome to our property investment newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends.
This month we are excited to market a majestic new icon - THE PEPPER CLUB – an exclusive (5 star) hotel development in Cape Town. You the investor can purchase a sectional title unit with projected 12% yield and 30 days FREE hotel accommodation for as little as R900,000 for a studio apartment.
For further information, please see our featured property of the month or contact Yianni Pavlou on ++27 82 494 4555 or email him via [email protected]. Alternatively view our featured article entitled - THE PEPPER CLUB - Majestic New Icon for Cape Town.
Situated in the heart of Cape Town's trendy night-life and entertainment area, Long Street, the Pepper Club will be home to many local and international trend-setters, from famous sportsmen to models and business moguls.
The purpose of this act is to promote and advance the social and economic welfare of South Africans, promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumers.
Data on residential building activity released by Statistics South Africa up to March 2009 indicate that the planning and construction phases of the housing sector slowed down further in the first quarter of the year.
Historical trends have shown that property always bounces back, and by selling under pressure could result in your not being able to get back into property when the market improves and prices once again begin to rise.
The global credit crisis has threatened to undermine the three pillars of Basel II – with potentially serious implications for the South African banking regulator. Many of the world’s major commercial and investment banks have had to write-down huge losses caused by exposure to “toxic assets” on their balance sheets.