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 FROM
BERRY EVERITT
The big news this month is of course the national
Budget, which was presented to Parliament by Finance Minister Pravin
Gordhan. And although it did not contain many direct benefits for
property - only R1bn more for housing and no increase in the transfer
duty threshold - we do think it was mostly positive and will give
consumers renewed confidence in the economy.
And that will have a positive spinoff for property
in due course. Meanwhile, especially encouraging aspects of the
Budget are the fact that the rate of economic growth this year will
be higher than initially expected at 2,3% (which means more jobs),
and that government's budget deficit will be cut to 7,3% of GDP
(which means less upward pressure on interest rates).
In addition, it seems like there is a new commitment
on the part of government to spend money on the things that are
real priorities in a developing country - job creation, especially
for young people; health; education and skills training; safety;
affordable housing and most of all infrastructure development, particularly
in rural areas.
If this can only be translated in to action, SA
will become more productive and competitive, as the Minister envisaged
in his Budget speech, and will be in a better position to win the
fight against crime, corruption and tax evasion and take its place
among the leading nations of the world.
Meanwhile, we have some good news of our own: The
announcement (see article below) of our national top performers
of the past year, who between them sold millions of rands worth
of property and raised hundreds of home loans during some of the
toughest times our industry has ever faced. We salute them and are
proud to have them as colleagues.
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| Tried
and tested, at your service |
It's
safer to sell before you buy a new home |
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Although the past year must rate as one of the most difficult
ever in the SA real estate industry, the top-performing agents
and agent teams in the Chas Everitt International property
group still managed to sell more than R20m worth of property
each...
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Many homeowners are looking at the upgrading opportunities
presented by the current market and making offers to purchase
bigger and better properties before they have even listed
their existing homes for sale...
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| Protect
estate home values with a rental policy |
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To protect home values in residential estates and cluster
home complexes, the homeowners' association (HOA) should have
a formal policy covering the letting of homes in complex and
the obligations of owners who become landlords...
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| Selection of most viewed Properties for February 2010 |
| Soweto
- R 300,000 |
Stellenbosch
- R 55,100,000 |
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| Bellville
- R 1,495,000 |
Sunninghill
- R 1,550,000 |
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| Plettenberg
Bay - R 17,900,000 |
Modderfontein
- R 1,850,000 |
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Randpark
Ridge - R 2,300,000
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Calitzdorp
- R 1,050,000 |
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| Strand
- R 460,000 |
Soweto
- R 299,000 |
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Every month the Property Signpost Newsletter
will be issued to all our subscribers, filled with real estate
information to help you make an informed decision, whether you are buying
or selling a property.
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Your Area Specialist:
Chas Everitt International sales agents have all
the latest market information regarding local property values at
their fingertips - and are committed to the highest standards of
personal service when it comes to selling your home. In addition,
the Chas Everitt International property group offers you, the homeowner,
the best possible exposure for your property in both national and
international markets. So if you are thinking of selling your home,
call your nearest Chas Everitt International office today for the
name of your local area specialist - or visit www.ChasEveritt.com
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National Awards 09
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