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 FROM
BERRY EVERITT
And so we come to the end of another year, grateful
that the property market is now in much better shape than it was
12 months ago and full of good expectations for the next 12. Interest
rates are at a 30-year low and the economists are predicting that
home price growth, which has slowed somewhat in recent months, will
pick up again towards the middle of 2011.
There is good news, too, on the macro-economic
front. Although GDP growth only reached 2,6% in the third quarter,
we need to remember that this is three times higher than it was
a year ago - and way, way off the -7% low experienced in the second
quarter of 2009. We've come a very long way in a relatively short
time and are poised to do even better as household debt keeps on
shrinking and consumers are able to start spending again.
More positive news is that the just-released FNB
/ BER building confidence index has increased from 29 three months
ago to 38 - the highest level in two years. This is mostly due to
increased confidence among service providers at the front end of
the building pipeline, such as architects and quantity surveyors,
but it suggests a broader recovery in the actual construction industry
from the second half of next year. And since this industry is one
of the biggest employers in SA, that will translate into a real
benefit for real estate.
Speaking of job creation, we are very encouraged
by the latest developments on that front (see below) but I think
that probably the most heartening statistics I have read in weeks
are the following, entirely in the spirit with which we at Chas
Everitt International like to celebrate at the end of the year.
They come from a recent report by Barclays Wealth
on a survey it conducted to gauge global philanthropy - and they
reveal that South Africans are the second most generous nation in
the world (after the US) when it comes to giving money to the poor,
and the fourth most generous with volunteering their time for worthy
causes (after Ireland, India and the US).
Now that's something to be really proud of, and
it is in that vein that we wish all our readers a happy, healthy
and generous holiday season.
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| Good
news for property in latest employment stats |
Wider
scope now to transfer your property tax-free |
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There's a direct correlation between job creation and higher
home ownership levels, which is why the latest employment
statistics are cause for some end-of-year cheer in the real
estate market...
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Recent changes to tax legislation mean that even more people
can now take advantage of the opportunity to transfer properties
that are currently owned by companies, close corporations
and trusts into their own names, without incurring any secondary
tax on companies, capital gains tax or transfer duty...
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| Thinking
green at work |
Home
Staging: No need to hire a professional |
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Why not make next year the year of the "green"
office? Many homeowners are already implementing green measures
to help protect the environment, and it's relatively simple
to expand that concern to the workplace...
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Home staging is an increasing popular trend in real estate.
If you are selling your home you should at least aware of
what this growing practice involves...
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| Selection of most viewed Properties for November 2010 |
| Constantia
- R 15,000,000 |
Weltevredenpark
- R 1,100,000 |
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| Paradise
Beach - R 440,000 |
Green
Point Upper - R 13,500,000 |
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| Fish
Hoek - R 9,500,000 |
Aston
Bay - R 1,345,000 |
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Simons
Town - R 30,000,000
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Cove
Rock - R 3,200,000 |
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Every month the Property Signpost Newsletter
will be issued to all our subscribers, filled with real estate
information to help you make an informed decision, whether you are buying
or selling a property.
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Your Area Specialist:
Chas Everitt International sales agents have all
the latest market information regarding local property values at
their fingertips - and are committed to the highest standards of
personal service when it comes to selling your home. In addition,
the Chas Everitt International property group offers you, the homeowner,
the best possible exposure for your property in both national and
international markets. So if you are thinking of selling your home,
call your nearest Chas Everitt International office today for the
name of your local area specialist - or visit www.ChasEveritt.com
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