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November 2011 |
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Dear Reader,
Welcome to
the November 2011 Pam Golding Property Group
Newsletter
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Dr
Andrew Golding,
Chief Executive
Pam Golding Property Group |
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In the current market,
with tighter economic trading conditions
still evident, properties can take
longer periods to sell, a factor very
much dependent on realistic, market-related
pricing. And due to the extended marketing
period for sellers different companies
may be involved in marketing their
homes.
For example, buyers may be introduced
to a property by one agency and then
reintroduced by a second agency following
a price adjustment – thereby
raising issues regarding which agency
was the effective cause of sale. This
re-emphasises the imperative for sellers
to commit
to written mandates which
offer them and the agencies marketing
their homes a level of protection
and professionalism.
Positively, we note that the top end
of the residential market remains
sustainable due to its resilience,
and highlight a number of high
end sales recently concluded
by PGPs Gauteng region, including
homes sold in the R30- and R35 million
price-bracket.
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Pockets
of excellence continue to shine in
various areas of the country, including Barberton
in Mpumalanga, where sound opportunities are available
for buy-to-let investors, given the high demand
for rental accommodation and value-for-money on
offer.
Cape Town’s vibrant city centre continues
to attract new investors, with extensive urban
regeneration projects planned and steady sales
of residential
apartments concluded by PGP. This
is coupled with a sustained high demand for unfurnished
apartments, with two bedroom apartments achieving
rentals from R6 500 to R12 000 per month –
or up to R15 000 a month for penthouses or units
with exclusive finishes. |
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Dr Andrew
Golding
Chief
Executive, Pam Golding Property Group
If you have any comments or suggestions
regarding the newsletter, please contact
the Newsletter
Editorial Team Here |
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Sole Mandates Protect Sellers in
Today’s Volatile Market -
Following the recessionary years of 2008
and 2009, and the very slow recovery in
2010/2011, properties are taking from two
up to in some instances, nine months to
sell, depending on pricing.
Read more |
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Editor’s
Top 5 Residential Properties have
been selected for special attributes such
as price, value and location. In this issue
we have selected the best residential properties
in Clifton, Dunkeld West, Everton, Mossel
Bay and Vaal River.
View them here |
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Eden Island Rental Pool Starts to Take Shape
- Whilst the Seychelles Islands
have always been known as the ultimate luxury
holiday destination where the rich and famous
go – and where Britain’s newest
Royal couple chose to spend their honeymoon
– it has recently assumed a different
focus.
Read more |
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USA-Based
Hotels Magazine Editor Jeff Weinstein Interviews
Pam Golding Hospitality –
Chicago’s Hotels Magazine's Editor,
Jeff Weinstein, interviewed Pam Golding
Hospitality’s Joop Demes and Kamil
Adul-Karrim on the state of the hotel industry
in South Africa.
Read more |
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Down
on the Farm - The farming sector
is out of favour at present, but conditions
offer opportunities. Farming tends to make
the news for all the wrong reasons these
days – In spite of this, farms are
still selling, depending on purpose and
location – and, of course, price.
Read
more |
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Bedfordview
at a Key Turning Point, Says JHI Properties
- Strategically well positioned, the leafy
and predominantly upmarket residential suburb
of Bedfordview in Johannesburg is at a key
turning point, with the potential to see
its commercial node become a sought after
hub for the business sector.
Read more |
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Cape Town, 7708, South Africa |
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