Real Estate

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

Email Valuer
Website

Improvements to a Sectional Title Scheme

The trustees of a body corporate may decide to add an improvement to the scheme’s common property, or to remove it. Different rules apply, depending on whether the improvement is considered to be “luxurious” (for example a swimming pool) or “non-luxurious”(for example a security gate).  Luxurious improvements may only be effected if they are authorised by a unanimous resolution of all owners.   On the other hand, in order to effect a non-luxurious improvement, the trustees must give at least 30 days’ notice to all owners of the intended improvement, detailing the costs, financing, need and desirability thereof. If a special general meeting is then requested by the owners, a special resolution must be passed to authorise the intended non-luxurious improvement. If no meeting is requested, the trustees may proceed.

For more information, contact us at STBB

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

 

 

Designer Tricks for Small Apartments

small-apartment-design-813Generally the problem with decorating a small apartment is that it tends to get full quickly, resulting in overcrowding and no direction in terms of style and décor. But there is no good reason to live in an ordinary and plain apartment, even if the space is tight.

Make use of muted tones, cool hues and bright colours, and only use darker shades as accents.

1. Colour corrections 

Colour doesn’t only create a certain ambience, but it also plays an integral part in the perception of depth. This is achieved by making use of particular tones and colour intensities.

Avoid the consistent use of dark colours as they absorb light and make use of muted tones, cool hues and bright colours, and to only use darker shades as accents. Feature walls, borders and decorative detailing work beautifully as accent pieces.

Another way to introduce colour in a space is through accessories, which are affordable and easy to swap around.

2. Choosing furniture and accessories 

Furniture is the essence of any room and is therefore solely responsible for either taking up or providing clever ways of creating more space in a small flat.

Make sure that you use correctly scaled furniture in your apartment as the last thing you want is to have over-sized furniture or too much furniture that doesn’t allow for free movement.

3. Use various sources of lighting 

When it comes to illuminating your space, it is beneficial to have as much light as possible.

The not so new but increasingly popular way to do it is through a skylight. Not only a great way to enjoy some natural light, skylights also offer great views.

4. Be creative with storage

Walls are great for hanging art, achievements and photographs, but that’s not all. Whether you use rails, hooks, shelves or built-in cabinets, your walls are the perfect solution to freeing up floor space.

As an extra measure, you can also hang wall pockets, which can be used to store shoes, clothes and anything else you desire.

5. Putting up window treatments

Heavy and dark coloured window dressings make a room feel smaller. Keeping window dressings light allows sunlight into the room, which plays an important part in ‘opening’ up the space

Original Source: Property24

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.

The History of Iona

6802_01-927x900Nestled in the heart of Rondebosch Village is Iona, which is well known for its outstanding architectural design.  Iona Court was designed by the acclaimed Adéle Naudé Santos and Tony de Souza Santos in the 70’s.  The client wished to build thirteen one and two bedroom apartments on a property fifty feet wide with fifteen foot setbacks on each side.

View studio apartment for sale in Iona Court with a raised mezzanine sleeping area.

For more information contact Chas Everitt agent Charlene Faint on 083 765 2116.

A Career in Real Estate

RECChas Everitt is holding a Real Estate Career Q&A meeting at our Tokai office tomorrow Tuesday 26th May at 6pm. The address is 44 Tokai Road (opposite the Blue Route Shopping Centre). The building houses both Hair Gallery and Chas Everitt and is on the corner of Tokai and Dam Roads. If anyone would like to attend please email Andre de Villiers on andre@everitt.co.za

It will be no more than one and a half hours ie 6pm till 7:30pm

Andre de Villiers
0832300549

Newlands Sectional Title in Demand

Newlands Property 1It is no surprise that sectional title property in Newlands is in serious demand. With the Newlands property market gaining remarkable ground and becoming a favorable area for local buyers the allure of Sectional Title ownership has been on the increase over the past few months.

If you are an astute investor wishing to add to your property portfolio or thinking of taking that first step on the property ladder then this studio apartment is calling for your attention. Read more about this Newlands apartment for sale.

For more information contact Chas Everitt agent Charlene Faint on 083 765 2116

New Office Open in Claremont

Cha11193268_10152892818468295_2152114564635085898_ns Everitt is pleased to announce the opening of their new office in Claremont, expanding their services to better support their Southern Suburb clients. Sectional Title manager, Scott Tait is heading their sectional title operations along with his team.

“We are delighted with the reception that we have received in Claremont, and we are looking forward to working with a wide-variety of exceptional clients here.” said Scott Tait.

Plans to develop operations in Claremont were initiated to target sectional title property in the surrounding areas. The new office which can accommodate 12 agents is the 3rd Chas Everitt office in the Cape  Town Southern Suburbs area.

This will also be the first new Chas Everitt office to open since Chas Everitt recently joined the Leading Real Estate Companies of the World group.