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 FROM
BERRY EVERITT
The onset of spring always brings with it a surge
of optimism, but this year we have even more reason than usual to
be positive. This is that we really seem to be coming out of the
property winter as well as the cold weather, and that the summer
ahead holds great promise for the recovery of the real estate industry.
Just to hand we have the latest reports from both
Absa and FNB which both show the rate at which property prices are
falling is rapidly slowing down - like an elevator nearing the bottom
of a shaft - and that these can be expected to turn positive again
next year.
In fact, there are some commentators who believe
the market has already turned, and this is of course good news from
a property investment point of view. But even more important, from
where we and a great many of our clients stand, are the reasons
for this shift.
These are, simply, that the number of genuine prospective
buyers in the market has increased significantly in the past three
months, that the affordability of property has been sharply boosted
recently by falling inflation and lower interest rates, and most
vitally that percentage of bond applications being approved is starting
to improve once more.
This combination of factors should ensure that
the current oversupply of stock for sale is absorbed with increasing
momentum over the next few months, and that home sellers can start
to look forward to once again getting a warmer reception in what
has been a decidedly chilly market for the past year.
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| Make
sure your agent can negotiate |
Make
those For Sale signs work for you |
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Because buyers know they have the upper hand in the residential
property market at the moment, many are making offers that
seem ridiculously low to sellers and their
agents...
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Much has been written lately about For Sale signs - and how
unsightly they can be if there are no proper controls over
where and when they appear or how many agents may
use...
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| Estates
need professional managers |
Get
green power step by step |
|
As we've said before, a big draw for people moving from stand-alone
homes to estates and cluster complexes is the promise of "carefree
living" - with someone else taking care common property
issues like pool maintenance, lawn mowing and security system
management....
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Given the power required to cook food, heat
water and run household appliances, it would be extremely
expensive to convert a typical electricity-dependent home
to a wholly photovoltaic (solar) system, even if a 50% reduction
in the cost of PV panels is achieved soon...
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| 1st Avenue Property Development in Mauritius - Launch |
Please
come and join us for an information filled evening on Offshore Investment
opportunities.
1st
Avenue – No. 1 La Plantation Marguery - Mauritius, the most
unique and sought after address on the Black River west coast.
JHB
– Cocktail and Presentation
Dates: Monday 5th and Tuesday 6th October
Venue: The Venue – Melrose Arch
Time: 6pm for 6.30pm
Dress: Smart casual
RSVP:traceye@everitt.co.za
(before the 1st October) Booking essential - Limited Space per evening
Cape
Town – Cocktail and Presentation
Dates: Thursday 8th and Friday 9th October
Venue: The Mount Nelson
Time: 6.30pm for 7.00pm
Dress: Smart casual
RSVP: traceye@everitt.co.za
(before the 5th October) Booking essential – Limited Space
per evening
Property Experts will be available for finance and tax structures
for Offshore Investments.
about this exciting new development
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| Selection of most viewed Properties for August 2009 |
| Bergvliet
- R 2,100,000 |
Constantia
- R 30,000,000 |
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| Blaauwberg
- R 790,000 |
Florida
Hills - R 1,200,000 |
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| Boksburg
- R 499,000 |
Sandton
- R 8,000,000 |
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Calitzdorp
- R 1,190,000
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Somerset
West - R 1,350,000 |
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| Pecanwood
- R 14,000,000 |
Bellville
- R 1,295,000 |
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| Vredehoek
- R 1,750,000 |
Constantia
- R 5,800,000 |
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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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Email any comments to the editor:
berry@propertysignpost.co.za
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