This message contains graphics. If you do not see the graphics, click here to view. Dr Andrew Golding Chief Executive Pam Golding Property Group Dear Stoffel Positive sentiment is key to ongoing activity in the property market A common thread running through this issue of our newsletter is that South Africa’s housing market continues to show signs of recovery, underpinned by positive sentiment among home buyers and even resulting in high demand and stock shortages in a growing number of areas. Furthermore, as was anticipated and viewed against the backdrop of rising inflation and a still fragile economy, the Monetary Policy Committee took the welcome decision to announce that the repo rate would remain stable at historically a low level. In addition, the prolonged economic recession caused house sales to slow and as a result less new homes to be built during that time and this has now created pent-up demand for homes and we are seeing an increasing take-up of available stock - both in terms of new and existing homes. The residential developments market is also showing signs of increased take-up, as seen at Arabella Estate near Hermanus and with construction about to commence at an affordably priced development, ‘South Breeze’, on the Cape’s False Bay coastline. Elite property of the month Camps Bay - R14,995 million Open plan with easy flow to sea-view terraces, balconies and to the enchanting pool garden with covered pergola for alfresco dining. In This Issue Residential Property Sustained Improvement - Surge in property market activity despite the cold Cape weather International Property Anahita Mauritius - Two exclusive golf courses at your doorstep Hospitality Property Hotel Industry performance - Industry recovery evolving to sustained growth Agricultural Property New country lifestyle estate - Namibia has high appeal for buyers around the globe Developments Steady sales at Arabella - Good value for money in this family-friendly, scenic environment Prestige Collection Prestige Collection - These are the Top listings from across our portfolio across Southern Africa Commercial Property Namibian market - Office & retail sectors performing well with very few vacancies available Monterey, 12-14 Klaassens Road, Bishopscourt, Cape Town, 7708, South Africa This message contains graphics. If you do not see the graphics, click here to view. Dr Andrew Golding Chief Executive Pam Golding Property Group Dear Stoffel Positive sentiment is key to ongoing activity in the property market A common thread running through this issue of our newsletter is that South Africa’s housing market continues to show signs of recovery, underpinned by positive sentiment among home buyers and even resulting in high demand and stock shortages in a growing number of areas. Furthermore, as was anticipated and viewed against the backdrop of rising inflation and a still fragile economy, the Monetary Policy Committee took the welcome decision to announce that the repo rate would remain stable at historically a low level. In addition, the prolonged economic recession caused house sales to slow and as a result less new homes to be built during that time and this has now created pent-up demand for homes and we are seeing an increasing take-up of available stock - both in terms of new and existing homes. The residential developments market is also showing signs of increased take-up, as seen at Arabella Estate near Hermanus and with construction about to commence at an affordably priced development, ‘South Breeze’, on the Cape’s False Bay coastline. Elite property of the month Camps Bay - R14,995 million Open plan with easy flow to sea-view terraces, balconies and to the enchanting pool garden with covered pergola for alfresco dining. In This Issue Residential Property Sustained Improvement - Surge in property market activity despite the cold Cape weather International Property Anahita Mauritius - Two exclusive golf courses at your doorstep Hospitality Property Hotel Industry performance - Industry recovery evolving to sustained growth Agricultural Property New country lifestyle estate - Namibia has high appeal for buyers around the globe Developments Steady sales at Arabella - Good value for money in this family-friendly, scenic environment Prestige Collection Prestige Collection - These are the Top listings from across our portfolio across Southern Africa Commercial Property Namibian market - Office & retail sectors performing well with very few vacancies available Monterey, 12-14 Klaassens Road, Bishopscourt, Cape Town, 7708, South Africa
Posted on: Tue, 01 Oct 2013 07:28:12 +0000