Property News - January 2010
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.
With the new decade upon us this looks to be an exciting year for the real estate industry. With the easing of the global economic crisis and resulting credit crunch, we should now finally be moving into the next upswing in the property cycle. In this regard, the South African market is looking particularly optimistic with the 2010 World Cup Soccer set to take the international lime light.
Speculators and property investors have earmarked KwaZulu-Natal and in particular the KZN North Coast as the corridor for rapid development. This is not only as a result of the completion of Durban’s new state of the art football stadium but more as a result of extensive public and private investment and a number of major infrastructural developments such as the expansion of Durban Harbour so as to facilitate the demand for far greater shipping trade as well as the launch of Durban’s King Shaka International Airport and the Dube Tradeport.
Please see below, our featured properties of the month and feel free to contact us with regards to your property investment requirements. We cover both sales and lettings and specialise in residential, commercial and industrial property.
Following on last month’s Newsletter where we analysed the unemployment problem in SA, I wish to explore the topic further by looking at the role of the public sector in unemployment relief. There are some myths that we need to debunk.
Year-on-year (y/y) growth in monetary institutions’ outstanding mortgage balances slowed down further to 3,6% y/y in October 2009 (4,8% y/y in September), which was the lowest growth on record.
Ending of the Stamp Duty holiday from 31 December 2009 will weaken demand at the entry level of the market. Knight Frank calculate that approximately 25,000 house purchases in 2010 will be delayed or postponed as a direct result of the ending of the Stamp Duty holiday.
Print is steadily losing ground as the Internet becomes the number one advertising medium for estate agents, a new survey shows. The results of the just-released poll show that local or community newspapers are now the only print options that command more support than …
Developers on a tour of Soweto that took place at the end of 2008 were in awe of what has already taken place in an area that many people regrettably consider being simply a nasty legacy left over before our democracy.