Property News - December 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 have managed to find you 2 fantastic deals. Either a 3 bed BARGAIN simplex in prime La Lucia Ridge with splash pool and sea views for R1,9 million or industrial warehousing, in popular Briardene, with solid tenants and strong yields already in place. Please see our featured properties for the month and don’t hesitate to contact us if these properties are of interest to you!
Selling a home, is probably the largest decision most consumers will make, yet they often take less time when doing so than they would when, say, buying a new car. That is simply because selling immovable property is unfamiliar territory to most people who, as a result, really do not understand the process or know what questions to ask.
It has been quite a hectic month in politics, what with unemployment numbers, the mini-budget, Julius Malema’s calls for nationalisation and the intense debate on whether Cosatu/Ebrahim Patel/SACP has swung the ANC to the left. It all forms part of the same mosaic.
Those looking for competitive mortgage funding should consider looking further afield than the High Street banks, according to Simon Gammon, head of Knight Frank Finance.
According to Knight Frank, early indicators for 2010-11 show that student rents will continue to rise by 5%, in the ensuite market, while high-end studios, particularly those in London, will remain static without any falls.
Although activity with regard to new housing construction remained under pressure up to September 2009 compared with the corresponding period last year, conditions appear to have improved somewhat over the past few months.