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January
2011 |
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Welcome to
the January 2011 Pam Golding Property Group
Newsletter
It was perhaps not surprising that
the Monetary Policy Committee took the decision
to hold the repo rate stable given recent
more favourable economic indicators –
including Fitch Ratings improved outlook
for South Africa’s economy and a flat
inflation figure, says Dr Andrew Golding,
CE of the Pam Golding Property group.
December Holidays
“From
a residential property market perspective
the December holiday season is traditionally
quieter than the rest of the year from a
pure sales point of view. Notwithstanding
this we have seen an increase in unit sales
when compared with the same period last
year, and this is now coupled with an increase
in activity levels and increasingly positive
market sentiment in general.
Developers
We continue to see a gradual return of developers
to the housing market and growing interest
from buy to let investors, as well as increased
activity at the top end of the market and
sustained interest among cash buyers.
Mortgage Lenders
It is also true, however, that while mortgage
lending criteria have improved to some extent
they remain a |
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| restraining factor in regard to
the translation of purchase offers into successfully
concluded sales transactions mainly in the medium
and lower price sector. Read
more on Dr Andrew Golding’s comment here
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Properties on Twitter |
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What Does 2011 Hold in Store?
Pam Golding Properties’ MD for the
Western Cape metro region, Laurie Wener
expects 2011 to be a year of slow but steady
growth in the local property market, and
says market sentiment has been further boosted
by the latest cuts in interest rates. Read
more |
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| Editor’s
Top 5 Farms - These farms have
been selected for their key investment attributes
such as price, value, location, and most
importantly, potential to grow as an investment.
These top 5 farms specialise in wine, game,
wildlife and mixed (pears, vegetables, grapes
and olives). View
them here |
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Your
Personal Invitation - to the exclusive
‘South African pre-release prior to
global launch’ exhibition of Baltimore
Wharf, Canary Wharf, London Residential
Apartments on show in Johannesburg and Cape
Town. Read
more
Eden Island ‘Special Product Offer’
Read more
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| KZN
North Coast Guesthouse Market Reaping Benefits
of New Airport - Now that the King
Shaka International Airport at La Mercy,
north of Durban, has bedded down, it’s
already become evident that the KwaZulu-Natal
north coast hospitality market is benefiting
from the close proximity of the new airport...
Read more |
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| Historic
Guest Farm For Sale In Somerset West -
An historic guest farm has come onto the
market on the outskirts of Somerset West,
holding significant appeal for buyers with
a love of history, equestrian leanings or
a background in the hospitality industry.
“Goedeverwachting” is a 23ha
farm spanning seven separate titles. Read
more |
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| Rapid
Growth of Lephalale sees Development of
New Industrial Park - A new 309
hectare industrial park strategically positioned
in an industrial corridor situated between
the new Medupi and existing Matimba Power
Stations and near Grootgeluk coal mine in
Lephalale is being marketed by Pam Golding
Properties Ellisras office. Read
more |
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