08Apr/13

House prices up by 11.8%

Absa House Price Index shows that house prices in the middle segment of the market increased by 11.8 percent year-on-year in March 2013

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The increase followed a revised 10.9 percent year-on-year rise in February, when real price growth was 4.8 percent year-on-year, so this is a very encouraging trend however nominal year-on-year house price growth appeared to be peaking in some categories of the middle-segment. 

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07Apr/13

Devler: 1st Quarter Report

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I have no doubt that real estate principals in Cape Town are all looking at the first quarter sales figures and wondering "what happened … and why?"  It has been an outstanding start to the year yet the puzzling thing is that it has happened without any obvious indications that banks are REALLY lending more easily? So what fundamental changes have taken place that resulted in a sharp positive swing in sales activity? 

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07Apr/13

How safe and secure is the home you want to buy?

– Andre de Villiers
Cape Town Real Estate  – Chas Everitt Cape Town (South) Franchisee
Agent, Broker, Blogger and Property Personality since 1983

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Usually we can be well guided by professional agents about the property itself and the buyer is reasonably protected by legislation, but what about the actual security of the home and the neighbourhood?  What are the security expectations you have for yourself, your loved ones and your possessions in the home that you are planning to buy?

Security has become a major consideration in buying a property and the reason why many people are inclined to invest a premium on one property in an area over another or to buy a home in a gated estate.  This can however be little more than an illusion of safety and security if you have neglected to do a little detective work of your own.

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