From the category archives:

Plettenberg long term real estate trends

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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After residential property, also the SA commercial property bursts

May 31, 2009

Now that all South African’s, also the most naive, realise that the residential property is really bursting, a second leak is appearing: the commercial property market is collapsing.
Read the full article in Nosweek this month.

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Seeff has to drop Victoria & Albert Waterfront appartements with more than 12%

May 28, 2009

People thought that prime apartments on the Capetonian V&A waterfront were a safe investment.
Wrong.  Dalene Visagie of Seeff, yes, the same Seeff which was shouting in April “Huisprijse sal nie daal” is literally spamming her address book with “urgent sales opportunities with +12% discounts on price reductions.  See below this 158m2 apartment in Faulconier of [...]

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FNB house price index: House prices continue to deteriorate

May 28, 2009

In April Seeff quoted in a newspaper article: “Huisprijse sal nie daal”.  We found this statement naive, lackig any solid argumentation and simply false.
And right we were, this recent article in the Mail and Guardian confirms that house prices in South Africa are further deteriorating and that prices are not to stabalise before the end [...]

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Plettenberg Bay house prices further to drop in 2009

February 15, 2009

Despite real estate agencies trying to convince you differently, real estate prices are further to drop in 2009 and only in 2010 will there be a slow improvement.
The year-to-year decline of property prices in South Africa was 15,3% and the consensus is that at leats a further 5% decline will happen in 2009:
“Price deflation for [...]

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SA house market falls on Caprice

February 7, 2009

The Daily Mail reports on British model Caprice Bourret being crashed by her 2006 South Africa real estate developments.  At that time she bought a house in South Africa because she was launching her lingerie range there.  She bought the house in Bryanston for a price of £300,000  and spend £400,000 making it twice as [...]

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Plettenberg Bay “Coming Together” urban planning project

January 23, 2009

Update January 29: our friends of soplett have a great coverage on the “coming together” project; read especially this comment of Iain.
The coming months we’ll be covering extensively the (master)plans of the Bitou municipalitywhich will completely upgrade Plettenberg bay.  The project has been named “Coming Together” and has as ambition to do something about the [...]

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