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Welcome to
the July 2011 Pam Golding Property Group
Newsletter
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Dr
Andrew Golding,
Chief Executive
Pam Golding Property Group |
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While accepting the
fact that the property market is experiencing
challenging times, all is certainly
not doom and gloom. As is always the
case, even within difficult markets
there are opportunities on which shrewd
investors can capitalise.
So despite the significant regulatory
challenges with which the industry
has had to contend, including the
Consumer Protection Act, there are
many excellent estate agents who have
successfully adapted to the current
market conditions and are performing
well. In the same vein there are areas
and types of property which are bucking
the national, somewhat constrained
trading conditions and trends, and
which are experiencing high levels
of activity – and sales.
In this issue, while considering the
implications of the CPA on the rental
market, with greater
responsibilities and obligations for
landlords, there is sound advice for
buy-to-let investors.
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We note that prime coastal
property continues to offer sound
investment potential, and how by virtue of its
limited availability, prime beachfront properties
the world over continue to have high appeal for
buyers, whether purchasing for permanent residence,
leisure use or pure investment. This is borne
out by Pam Golding Properties’ exceptional
performance on Cape
Town’s Atlantic Seaboard, with
sales of half a billion rand in the first five
months of 2011.
Further emphasising the importance of prime location
is the phenomenal success of the third residential
phase of Melrose
Arch in Johannesburg, where PGP achieved
R220 million in pre-launch sales, including two
luxury apartments - each sold for R25.5 million.
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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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The Rental Option - There
are numerous reasons why homeowners decide
to rent out their property. Some people
are moving and don’t want to sell;
others can’t sell but need to adjust
living costs. Whatever, if you are looking
for tenants get professional advice.
Read more |
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Editor’s
Top 5 Rentals have been selected
for special attributes such as price, value
and location. In this issue we have selected
the best rentals in Bishopscourt, Durban
North, Wellington, Parktown North, and Nelspruit.
View them here |
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New Exclusive London Release - West
London - Pam Golding International has recently
been awarded the marketing mandate for an
entire development of 16 apartments in Chiswick
High Road, in Hounslow, London, guaranteeing
a 6% gross rental for the first 12 months
from completion.
Read more |
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Foreign
Deal Flow Remaining Strong in SA Guesthouse
Market - Pam Golding Lodges and
Guesthouses (‘PGLAG’) continues
to dominate in the South African guesthouse
and lodge industry, with a fantastic choice
of guesthouses and exclusive game lodges
on offer. It is noticeable that Vendors
have become far more realistic about their
asking prices.
Read more |
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Quiet
Mountain Retreat For Sale in Franschhoek
Valley - A magnificent property
encompassing 26ha of prime land in the Franschhoek
Valley, has come onto the market exclusively
through Pam Golding Properties. The property
contains two cottage-style homes with superb
views over the valley.
Read
more |
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New
Shopping Centre Being Developed in Estate,
Newcastle - With the first sub-phase
of the residential component completed at
Meadowlands Estate development in Newcastle,
work is now well underway for the first
phase of the new Meadowlands Crossing Shopping
Centre, also located within the estate.
Read more |
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| Monterey, 12-14 Klaassens Road, Bishopscourt,
Cape Town, 7708, South Africa |
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