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 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 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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You have my empathy, this is an emotional journey, selling all your fond memories, the garden you designed from scratch, the children at their first day of school. All is not lost.
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The coast is calling, that holiday property you were considering looks more attractive now.
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Property value is governed by a few fixed factors. Here are some of the factors which influence the value of your property investment.
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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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Property maintenance is good investment practice as it enhances the attractiveness of the property and increases interest when the property goes on sale.
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