Property News - January 2011
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 would like to welcome the contribution made by Corobrik’s Dirk Meyer as he reflects on the impact of 2010 and gives his thoughts for the prospects in 2011
As our featured properties of the month we have focused on two prime upmarket properties situated in Umhlanga and La Lucia Ridge but please feel free to contact us on any of your property sales or letting requirements.
After a promising start to the 2010 calendar year, bolstered by the activity around completing World Cup infra structure projects, there was little in the pipeline to sustain volumes."
There are numerous factors influencing the currency at present, not least the attempts by many countries to weaken their currencies in order to export their way out of recession. With much of the developed world having opted for this path, their currencies, and notably the dollar, have seen value erosion.
In all three categories of housing measured by the Absa house price indices (small, medium sized and large houses), price growth was lower in both nominal and real terms in the penultimate month of the year compared with a year ago.
Retirement certainly does not mean “sit down or curl up”...It means a new lease on life and the decision to retire should come long before “creaky knees”. Retirement or Lifestyle Villages are no longer merely for the aged
Commentators on what the Bank of England will do next are very much split in opinion, but with inflation refusing to fall, the majority who were predicting no rate rises in 2011 now expect an increase at some point during the year.