Demand for residential property goes up
The top-end of the global property market is likely to see double-digit house price growth in 2007 as the growth in wealth among the rich is boosting demand for residential property investments across the globe.
New challenges for property developers
The new National Home Builders Registration Council’s (NHBRC) code of conduct is creating havoc under property developers. NHBRC is a council set up by government to protect the interest of housing consumers and regulate the home building industry. It has a new code of conduct that appears to favour property consumers.
Leloko Eco-Estate plots selling well
When it comes to waterfront living, people don’t mind paying an arm and a leg for properties, which is why selling plots at Leloko Eco-Estate in Hartebeespoort Dam is a piece of cake.
Properties with access to water experience more rapid growth due to limited availability and they offer great benefits to the residents. Leloko in Hartebeespoort Dam is the only eco-estate with water frontage, which it also owns. Price is not an option, it is merely a question of who wants it most. If two buyers want the same waterfront property, only one thing determines the price, the one who can put the best offer on the table, determined by his desire to own the property.
Is Parys is becoming the next Camps Bay?
With designers flocking to Parys and homeowners standing queue to invest in holiday homes in this World Heritage Site, Parys is attracting a lot of attention these days.
Parys is known for its antiques and outdoor activities and is situated in the middle of a 200km radius where a high percentage of the South African population lives. It is the perfect getaway for relaxing, fly-fishing, golfing and it is well connected to major towns and cities via a good road infrastructure.
Strand & Gordan’s Bay property market skyrockets
During the past season, the property market in Strand and Gordan’s Bay has seen excellent sales figures, and role players expect these high figures to continue climbing.
With the 2010 World Cup putting South Africa on the map in the property market, most of these sales were to owner-occupiers. The world is seeing South Africa in a different light. People are starting to realise the potential of our country and consider buying property here a stable investment.
Century City hosts new development
A new development of 179 apartments, townhouses and villas, called Waterstone, is being launched at Century City. The cost of this prestigious development is around R200-million.
With 53 water-fronting villas situated on a private island, Waterstone will be one of the most sought-after residential addresses in Cape Town. It will also host 112 low-rise, walk-up apartments and 13 townhouses.