From the monthly archives:

December 2009

Record November & December sales at Whale Rock

December 21, 2009

Whale Rock consists of nine different and unique residential developments and is the most impressive and bold real estate development ever undertaken in Plettenberg Bay.
The international developers have new decided to release their last remaining stands with extended building time limits.
Whale Rock posted a record sales: in November and the first 3 weeks of December [...]

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Investment opportunites in Whale Rock

December 20, 2009

The developers of the world class Whale Rock area of Plettenberg Bay recently announced the appointment of Engel & Völkers, Chas Everitt and the Leapfrog Property Group to market the remaining stands in Whale Rock Ridge, Whale Rock Resort and Whale Rock Verde. The prices represent outstanding value and investment opportunities like this will definitely [...]

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Plettenberg Bay in New York Times Great Home and Destination

December 16, 2009

Plettenberg Bay got featured in the New York Times; read the article here.
The NYT also supports the statement that prices are bottoming out:
Now Ms. Uys believes the market has hit bottom. “We’ve had a couple of months with good sales coming through,” she added.
Wealthier areas along the Atlantic seaboard near Cape Town have stayed relatively [...]

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South Africa’s home prices slowly rising again, slowly

December 14, 2009

We already reported on the FNB housing price index which for the first time showed a slow year on year rise.  Now Data from Global Property Guide also reports that during the period July – September the average house price in South Africa rose by 0,55% compared to the second quarter.
Slowly speculative buyers can get [...]

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FNB property index up 2%

December 11, 2009

Last May year on year South African house price deflation was at a staggering -15%.
For the first time, the FNB House Price Index shows a renewed year-on-year (y/y) house price inflation in November.  The index rose year on year by 2%, after October’s -0,9%.
Time to buy.  However with current real prime rate doesn’t allow yet [...]

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Why the South African real estate market will still be tough in 2010

December 6, 2009

Property 24 featured last Friday an insightful article on the South African real estate market in 2010.
Mike Flax, executive director of Redefine Properties, doesn’t see a recovery in 2010, since most people will still suffer from the job losses and expenditure cut-backs which the recession made essential.
Flas says that a general recovery of the property [...]

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