Pam Golding Properties Group Newsletter
PGP logoDate: January 2012

Andrew Golding
Dr Andrew Golding
Chief Executive
Pam Golding Property Group

First quarter off to a great start

There is little doubt that the first quarter of 2014 has been an extremely lively one for the residential property market, underpinned by increased confidence in the housing market translating into growing activity and successfully concluded sales.

From Pam Golding Properties’ perspective the past financial year (ended February 2014) has delivered in excess of 20 percent improvement on the previous year, with the group achieving sales to the value of R14.8 billion. We were pleased to end this trading period with record turnover in February with sales of R1.72 billion which was our highest monthly sales figure since 2007.

Real estate offers sound investment potential

Perhaps it’s not surprising that increasingly, people across all sectors of the market and walks of life aspire to owning their own homes. Globally, investing in residential property has been a source of wealth creation for multitudes of people through the generations and investing in local residential property has also proven to be an excellent investment over the years.

In this regard, the luxury Eden Island development in Seychelles is a notable success story as it continues to achieve returns on investment which are way above the global average. For this development too the year has started on a high note, with record sales in January as well as the honour of being presented with no less than three prestigious International Property Awards.

Uptick in coastal & leisure property market

In a market where stock shortages are becoming more evident around the country as growing demand sees a take-up of surplus accommodation both to buy and to rent, we are further encouraged by the fact that the coastal residential market - in particular the leisure market - is also showing signs of picking up. Over the recent summer months we have seen a marked uptick in interest and activity among holiday and retirement buyers, which augurs well for improving sales in this sector of the market. In this issue we provide an interesting overview of the coastal markets in the Garden Route, Eastern Cape and KwaZulu-Natal.

Record price in Glencairn

This peak holiday season also reflected a busy trading period for Pam Golding Properties’ agents in Cape Town’s scenic and tranquil South Peninsula, with a new record price of R3.98 million set by our agent, Esther Le Roux in picturesque Glencairn. Lifestyle appeal - especially a secure, family-oriented way of life - remains an important consideration for many home buyers, such as those drawn to the Stellenbosch suburb of Paradyskloof in the Western Cape’s Boland region.

New waterfront developments

A further positive indicator is the fact that new property  developments   continue to re-emerge in various prime areas and regions.  On the Cape’s world-renowned Whale Coast in the town of Kleinmond, between Hermanus and Gordon’s Bay, work has commenced on the upgrade of Kleinmond’s scenic harbour, and Pam Golding Properties is marketing a number of well-priced apartments right on the water’s edge in the midst of this vibrant precinct regeneration. On the Cape West Coast, another waterfront development, aptly named ‘Harbour’s Edge’, is taking shape right on the beachfront at Laaiplek, a quaint fishing harbour next to the town of Velddrif and the upmarket marina area of Port Owen.

Prime properties on offer

Also in this issue we look at an exceptional, elegant home in the heart of exclusive Sandhurst in Johannesburg’s northern suburbs, which is on the market at R38 million, and, speaking of grand homes, we also review the upper highway area near Durban in KwaZulu-Natal. If you are seeking a spacious home and grounds in a peaceful, country ambience, then the areas of Kloof/Everton and Hillcrest cater for a wide range of home buyers, from grand stately residences to well priced family homes.

If a complete ‘great’ escape from major centres is more to your liking, a landmark property in the Karoo’s Eastern Cape region between Graaff-Reinet and Middelburg has come onto the market. Intriguingly named ‘Mazeppa’, this farm includes a magnificent seven-bedroom home with beautiful landscaped gardens set on 500ha of prime Karoo land and including 20ha of pasture and abundant water. This property is however, easily accessible, being only 1km from the scenic national road, the N9, and offering plenty of opportunities for horse, livestock or game farming.

Sales continue apace at Le Parc de Mont Choisy

Finally, but certainly not least of all, we turn to the idyllic island of Mauritius where Pam Golding Properties has achieved an excellent take-up in sales at the prime located development in Grand Baie, Le Parc de Mont Choisy, with its Stefan Antoni designed architecture and Peter Matkovich designed golf course. An added benefit is that as with all Integrated Resort Schemes n Mauritius, home buyers qualify for Mauritian residency.

 

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