For a while now developments have been capturing a large segment of the local real estate market. Do developments still offer good value for the purchaser? Or has the resale market caught up? An interesting trend over the past few months is that resale listings have reduced in number, and development listings have increased in… Read More Developments Still Offer Outstanding Value
We often get asked if overseas buyers are purchasing local property, and how this impacts on property values. There is no doubt that overseas travellers love the Western Cape and enjoy holidaying here. Not only are we spoilt with the most incredible scenery, warm people, and outstanding food and wine, but when you convert the… Read More Will Overseas Buyers Help Push Prices Up?
Every property seller wants to sell for the most the market will pay. Unfortunately, as a seller, we mostly believe our property is worth more than everyone else does. It’s a completely normal condition we call the “sellers’ emotional wish-price”. I’ve been a seller many times and, even as an estate agent, I’ve made the… Read More Overpricing Leads to a Lower Selling Price, Even in a Strong Market
After the jitters of the world stock markets last week one could be forgiven for wondering whether or not it makes sense to invest in the property market. Whilst all investments offer some risk, the benefits of investments can vary greatly. When stock markets drop, your investment value is impacted immediately. Last week illustrated this… Read More Why Property Is a Good Investment, Even in a Volatile Market