An eyesore, yet we all tend to ignore or sometimes even participate in. Consumerism and our disposable lifestyles are costing us millions.
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Western Cape, playground for the rich, has seen much attention from international and local investors alike.
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This affects property owners’ value in the long run as this burden impinges on their disposable income, and some residents and businesses could be forced to sell up and find alternative places to live and conduct their business.
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For South Africa to attract international property investors, we need to align ourselves with international standards of measure.
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The House Price Index has reflected a growth of 10-15% y/y for July 2013 in Pretoria East, depending on the type of property.
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The gap between building and buying was 19.4% for the first quarter 2013. The gap is narrowing but this is a gradual as the growth in property currently.
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The FNB House Price Index is at 6.4 % August 2013 for the greater Gauteng. The House Price Index has reflected a growth of 10-15% y/y for July 2013 in Pretoria East, depending on the type of property.
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It is always wise to be clear about what kind of investment you need or what the property will be used for. Will it be a holiday destination or purely an investment property?
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With interest rates low, the affordability of property has improved. Within the current climate both selling and buying is acceptable.
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Latest statistics from First National Bank reveal some interesting trends in the property market. The ‘property barometer’ report released on the 19th of October lists predominant reasons given by sellers for selling their primary residences. Also known as the FNB Estate Agent Survey, the property barometer report provides valuable insight into the current developments and fluctuations in the market.
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