Issue: October 2010
Editor: Berry Everitt
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FROM BERRY EVERITT

For many matriculants and students, this is a worrying time of year - not only because of exams but also because their employment prospects are uncertain even after they have qualified, and they are desperately wondering how they will make a living in future.

Meanwhile for those people already employed, low inflation means that current salary growth prospects are not great either. Which is precisely why we are so excited at the growing success of the micro-franchising concept, which is being hailed by many in the international development community as the best tool for creating real prosperity.

Micro-franchising is a business model where a significantly scaled-down price tag makes it accessible to individuals and small businesses, without losing any of the benefits of a powerful brand name or a proven operating system. And we think real estate is one of the economic sectors in which micro-franchising can be most successfully applied - as per our new Notebook licence model which has already attracted more than 20 operators around the country.

We specifically designed Notebook to be used in smaller towns and specific areas where the size of the market would not justify the costs of establishing a full franchise, and it is absolutely true to the definition of micro-franchising in that it gives an operator full access to our strong brand and a rich array of support services without major start-up expenses or ongoing royalties.

And it has been so well-received - and so successful - that we are now going full steam ahead with plans to extend the concept next year into other areas that are critically underserved in real estate terms; notably the old townships but also country towns and villages where there are currently no estate agencies.

Matriculants and graduates with ambition take note: There is huge potential in these areas for real estate entrepreneurs, as well as for qualified, experienced business people who would like to write their own cheques for a change. Good luck for the exams!

In the news this month

Time to focus on the benefits of lower interest rates What you must know about your managing agent

Although the Reserve Bank has lowered the repo rate eight times over the past two years and the home loan interest rate has fallen a whopping six percentage points from 15,5% to 9,5% as a result...

One of the biggest growth areas in the real estate industry at the moment is the management of rental property on behalf of landlords - despite the fact that buy-to-let investments now only account for about 7% of property purchases...

A great way for HOAs to handle children

Sooner or later, the directors of most Homeowners' Associations are bound to have to deal with at least one member complaint about the behaviour of someone else's children...


Selection of most viewed Properties for October 2010

Weltevredenpark - R 800,000 Canals - Plettenberg Bay - R 5,200,000

   
Constantia - R10 950 000 Simons Town - R 35,000,000

   
Weltevredenpark - R 1,100,000 Rietfontein - R 1,100,000

   
Constantia - R 27,000,000
Sedgefield - R 1,250,000

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.

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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