Property Investment

The most expensive streets, suburbs and estates in Cape Town

Amid the tumultuous environment of the property market over the last several years in South Africa, Cape Town has not only remained stable in house price inflation but shown significant growth thanks to foreign investors and migration from other provinces.

Data a research group, Lightstone, recently analysed data of several million properties in the Western Cape and pinned the annual inflation rate at just under 4.0%, with a monthly rate of 0.27%.

One of the most interesting findings, the group said, is how the value and volume of properties compares between Cape Town and Johannesburg.

During 2008 the rand experienced its most dismal period to date performing exceptionally low against its global counterparts and the property market experienced negative growth on a national scale.

“Annual property inflation experienced similar growth nationally over the next four years. After 2012 however, the Western Cape and the City of Cape Town became increasingly more attractive to potential buyers,” Lightstone said.

Looking at the most expensive suburbs in Cape Town, Bishopscourt is the most expensive with an average value of R17.1 million, followed by Llandudno, Constantia Heights, Clifton, Steenberg and De Bosch in Stellenbosch.

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“With most property prices on the rise, first time buyers are looking at more affordable options in lower cost suburbs like Pelikan Park, Kayelitsha and Parklands,” Lightstone said.

Even though the forecast for the Cape Town property market remains stable for 2018, this could be subject to changes dependant on government’s planned land expropriation without compensation strategy, the group said.

“In the interim, the appetite for foreign investments in the Cape Town property market will provide the required strength within the industry; and the demand for secure estate living will continue where both freehold and sectional title should enjoy much needed growth.”

Computer Assisted Property Valuation

If you are moving home, getting a reliable property valuation is an essential step in the process.

A property valuation will give you an estimate of how much your house should be worth, based upon a number of different factors.

Even if you are not planning to move home straight away, house valuations remain an excellent tool to indicate a current market value and what improvements could be made should you want to potentially increase the value of your home without over capitalising.

By answering a few easy questions on the current condition of your home, our free property value calculator which uses the latest GIS (Geographic Information Systems) will give you an idea of how much money you could potentially make from the sale of your home.

Unique to Valuator we are also able to reference recent final property sales (selected Cape Town metropolitan areas) that have not yet been recorded in the Deeds Office which makes our report that much more current and reliable!

Get your free Valuator report today!
These reports are free until 1st June 2018

Valuator is a service operated in association with Chas Everitt by:

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HOMEimage offers specialised marketing solutions to property developers,  hospitality industry, private property sellers and agents, such as 3D models, floor plans, virtual tours, professional photography, drone aerial photography, property marketing materials, and project management.

Romeu de Faria
HomeImage
Wynberg Park 7800

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Will University Disruptions Affect Property Values?

reslifeunivOn Radio 567 it was mentioned that “unprecedented” numbers of students were now applying to attend private and overseas universities in the wake of the severe disruption and violence at universities across South Africa.

As many apartments have been bought by investors for student accommodation and are purchased as three or four year investments by parents, it is reasonable to consider that there may be an impact over time due to this issue, although with supply of apartments for purchase is at present at very low levels, so it is not expected that there will be an immediate impact.  If any owner is considering selling their apartment in the affected university areas, now may well prove to be a very good time to sell.

Chas Everitt’s Southern Suburbs Team represented by Lisa Rowell can be contacted on 082 844 0800  for a free no obligation valuation to assist you in making such a decision. Lisa can also be emailed on lisa@everitt.co.za

Tranquil Cedar Wood

Kenilworth borders Wynberg and Claremont and is one of the most well loved and established areas in the Southern Suburbs of Cape Town.

Located in the heart of the Southern Suburbs and known for being a quiet little suburb, Kenilworth is close enough to all of the family orientated facilities which is ideal for young family.

Bring on that flair in Kenilworth:

Kenilworth ApartmentCedar Wood is a small complex both attractive, secure and well managed. The apartment is located on a quiet street with a park close by for the children to play in. Perfectly positioned near to superb restaurants, St James Church, Spar and the new Pick n Pay on Rosmead Avenue. Read more about this Kenilworth apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

Show Time this Sunday in Rondebosch

Rondebosch ApartmentGrotto Mews is nestled in the hub of Rondebosch, one of the Southern Suburbs of Cape Town. It is primarily a residential suburb, with a medium-size shopping area. This complex is within walking distance from Riverside Mall, a small business district as well as the main campus of the University of Cape Town. Read more about this Rondebosch apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

*Showhouse is this Sunday, 20 December 2015 from 2pm – 5pm.

Chas Everitt signs deal with Gumtree

mail.google.comEveryone knows Gumtree.  Gumtree is primarily a Classified Portal founded in the UK, AUS, NZ and SA. In 2005 it was bought by the global giant eBay. They are SA’s #1 Classified Site, the 6th biggest Website in SA.  Their focus on a simple mobile interface and a easy to use App is paying dividends and their across the board popularity is increasing. Their App is the 11th most downloaded App in Android free Apps.

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Due to their size Gumtree is also now 2nd in SA on Property after Property24 and better than PrivateProperty. Gumtree attracted over 1 300 000 visits in June (P24 2 400 000 and PP 1 100 000).

Gumtree are about to launch a major drive into real estate sales the from August 2015. With the traffic and eyes they control, their funding via eBay and their already being a Top 10 site, they are a major player.

Our Marketing Solutions ensure maximum exposure to qualified buyers.  As from this week all Chas Everitt listings are now on Gumtree. 

The market is a lot warmer than the weather!

TSTWe would like to share why, in this cold weather, we believe there is a very hot opportunity to put your apartment on the market right now!

Price is largely determined by supply and demand, and right now we have a substantial number of good buyers and there is not a lot to show them.  Many buyers are frustrated with what is on offer and many sellers we are working with hold an opinion that it would be better to wait until Spring to start marketing.

Think about it!  Right now your apartment will be competing with fewer other apartments on the market for the attention of buyers.  This is a huge marketing advantage in trying to secure a sale at the best possible price.

Should the buyer require finance, our friends in the home loan business confirm that banks are currently inclined to be a little more lenient, as there are fewer transactions.   Right now is the optimum time of the year to secure the financing needed to secure the sale.  Add to this, the market is generally expecting interest rates to move higher later in the year.

If you would like to take advantage of marketing your apartment right now, please give us a call

Newlands & Rondebosch
Charlene Faint
021 200 5882
0837652116
charlene.f@everitt.co.za
Wynberg
Pat McCleland
021 200 5882
0749328586
pat.m@everitt.co.za

 

 

Intaba News

Intaba Building ImageTransferred Sales in 2014 and 2015 for Intaba in Claremont:

  • 13 Transferred Sales took place in 2014, in the amount R50 453 410, of which R5 300 000 were Bonded.
  • Only 2 Transferred Sales have taken place in 2015 thus far, in the amount of R3 100 000, of which R1 200 000 was Bonded* Based on information sourced from CMA Info, SAPTG and Propstats.
The highest price obtained at Intaba for 2014 was a two bedroom, two bathroom Penthouse which sold for  R4 500 000.

The Chas Everitt CMA – Comparative Market Analysis of your apartment at Intaba is designed to help you determine your best possible asking price. By studying other apartments that were recently sold which are similar to yours, you will be able to make a more informed decision regarding your current competitive market position.

For a no obligation valuation of your property please contact Charlene Faint on 083 765 2116.

Security a high priority for apartment buyers

1 (10)More and more sectional title buyers are stressing the need for increased security as a high priority.

This neat two apartment in Kent Gardens is a sought after location that meets the needs of such buyers.   On the third floor it is also a good example of what first time buyers and investors are looking for as it will certainly offer a good rental return in a high demand area.

Secure complexes like this are in big demand.  Kent Gardens is a safe, secure and a well run complex situated on the doorstep of leading schools, with easy access to most amenities.  Another trend is the demand for secure parking as fewer buyers are interested in looking at properties with street parking.  Read more about this Wynberg Apartment.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

Show Time in Claremont

Newly renovated penthouse living:

theClaremontNorth-facing three bedroom apartment in the Main Road-facing block A has two bathrooms and an open-plan kitchen and living area. Open balcony with spectacular views of the mountain and Claremont CBD. This apartment also comes with a store room. With all modern finishes there is not a thing to be done.

Click on link to view more information about this Claremont apartment for sale.

Penthouse living at its best: 

intabaFrom the moment you enter this spectacular apartment, luxury and practicality are rolled into one with touches such as, wireless sound system, automated window treatments, double glazing, under floor heating, air conditioning throughout and top quality finishes. Make an effort to personally view this Penthouse, as we showcase this unique offering.

Click on link to view more information about this Claremont apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

Showhouse is on Sunday 22  February 2015, from 2pm – 5pm.