Property News - December 2010
Welcome to our property investment newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends.
This month we would like to welcome the contribution made by Bruce Peter from MAB Ikhwezi Arcitects which should help any prospective property investor to get a better understanding of project building costs such as architects fees, engineers’ fees, municipal approvals and so forth …
As our featured development we have focused on an elite property situated in prime La Lucia Ridge. Overlooking the Oppenheimer estate and with exceptional finishes and sea views, this newly renovated mansion represents the best value money can buy.
The brainchild of French botanist Patrick Blanc, who transformed the faces of many downtown Parisian buildings with his green wonder walls, vertical gardens are now making their way into homes, hotels and spas around the world.
“Lets bond together” … Purchasing land or a property is a great investment and it is important that you have an understanding of the South African bond market and how the home loan industry works.
For all those prospective property buyers and those who have bought land on Brettenwood Coastal Estate but not yet built, we will try and outline realistic building costs coupled with the numerous “real costs” most buyers overlook.
Student property has delivered consistently healthy returns over the past five years. The sector avoided the crash in both capital values and rentals seen in the wider commercial and residential sectors in 2008 and early 2009.
The South African Reserve Bank’s Monetary Policy Committee (MPC) lowered the key monetary policy interest rate – the repo rate – by another 50 basis points to 5,5%.