Adrienne Hersch Properties

Good day to all! If you're in search of your very own new and beautiful home, you should know that Adrienne Hersch Properties of Johannesburg some exclusive houses for sale! With hundreds of properties to choose from, you cannot go wrong. Also listed by Adrienne Hersch properties include commercial spaces, readied or flexible for you and your business. See them all at http://www.commercialpeople.co.za/author/ahproperties/

Have a great weekend!

Baker Street Properties

Good evening! Cape Town and South Africa are so beautiful and Baker Street Properties have the greatest choice of commercial properties for you and your business needs! This is with over 500 properties and counting, with option to buy or rent! Hurry now to http://www.commercialpeople.co.za/author/jamesshaw87/

Durr Estates

Good evening! Durr Estates, who are famed around the Cape, have some beautiful properties for you to own! Whether you are looking for a house, land or something for business, Durr has it! You have to see it to believe it, so view the properties at http://www.commercialpeople.co.za/author/destates/

Chas Everitt

Good afternoon South Africa! Zurich based, Chas Everitt International Property Group have some  stunning properties for sale and to rent! Listing both commercial and residential; they have farms, offices, land, houses, even a wedding venue and more which could be yours if you visit http://www.commercialpeople.co.za/author/Elsawilken/

Increasing property sector payouts

Well established property counters have revealed strong yearly results over recent weeks.

A 12.6% weighted average distribution growth was recorded for the year until June in comparison with the year to last June, based upon calculations by Meago Asset Managers — far ahead of the average 8% growth forecasted by most analysts.

Real estate investment trusts (REITs) have been advantaged from owning rand hedge investments in offshore property companies and from careful management of their assets such as malls.

The Resilient Property Income Fund, JSE’s fifth largest listed REIT, recorded a rise in its distribution payout to investors of 20.94%.

Signatura

Hello, South Africa! How was everyone's morning? If you're looking for a place to stay in Cape Town, Signatura have some modern apartments for sale! You can find out more by visiting http://www.commercialpeople.co.za/author/EnverDeedat/

We have now also opened http://www.pinterest.com/commpeopleza, we hope to see you there! 

Marshan Franco

Good morning! Are you in search for a new home? George based, Marshan Franco have some spacious houses for sale. Don't miss out and view them all at http://www.commercialpeople.co.za/author/leonnpgen/

Have a great weekend! 

Foreign buyers in South Africa's Luxury Real Estate Market

Cape Town’s ‘the Castle’, an imitation of Germany’s Lichtenstein Castle, a historic neo-Gothic fortress, houses a banquet hall lined with armour suits and stained windows, 12 bedrooms and a swimming pool. With views over the city's Hout Bay, there is a helipad and natural waterfall, accessible only by a private mountain road or helicopter.

‘The Castle’ is one of the most famous real estate landmarks of Cape Town, formerly a guest house and popular wedding reception venue.

However, it has now closed a deal during 2012, sold to a ‘high-profile’ Russian businessman for $2.2million.

This is just one piece of prime real estate acquired from the Cape Town market by a Russian. It has been claimed by local real estate agents that affluent Russian buyers have also purchased numerous other multi-million-dollar homes along the city's coast over the last several years, moving into the region's blend of sun, mountains and sea.

Interest in Western Cape Residential Market

Estate agent, Pam Golding Properties have found that many South Africans still aspire to reside in ‘cosmopolitan’ Cape Town. This is as well as foreign buyers who are attracted to the favourable rand exchange rate.

The FNB Western Cape housing price index has reported that the average price for a house in the region has risen by 12.5% during the second quarter year-on-year.

An FNB survey of estate agents also found that the period for a house of the Western Cape to sell has decreased from an average of 13.7 weeks to 13.3 weeks.

Agents estimate that 81% of sellers are currently being requested to decrease their asking price, in comparison to 95% early last year.

The managing director of Pam Golding in Cape Town, believes the residential property market throughout South Africa is receiving intense interest. The market is enjoying what seems to be a continuing upturn, defying the economic constrictions said to be experienced by other sectors.

The areas within and surrounding the Western Cape, specifically the Cape Town metropolis, provide an intriguing sample of the whole country's housing market, resulting in the region often being considered as a national property barometer.

Despite the growth rate of Western Cape's property sales, FNB analysts claim it is second to Gauteng as the most affordable residential market.

Randburg Rising

Randburg, which lessened some of its charm on the back of Sandton’s popularity over recent years, is now poised for the return of developers and investors.

Consisting of over 32 suburbs, with the majority being upper-income residential suburbs, the area had begun to wane. A JHL leasing consultant explained that there was a migration of industrial and retail investors toward Northern suburbs, such as Cresta and Sandton.

However, with municipal plans to renew and upgrade infrastructure, JHL forecasts Randburg to attract new investors as well as former investors. It is now a designated a priority area and significant commercial point of the City of Johannesburg’s five-year Integrated Development Plan.

Therefore, Randburg as well as other suburbs, will benefit from developments in road infrastructure and public transport of the Rea Vaya Bus Rapid Transit system (BRT) expansion. It is aimed to provide easy access to Johannesburg suburbs via the Rea Vaya BRT system, which the City of Johannesburg are calling the ‘corridors of freedom’.

Foreign buyers purchase within developing regions of South Africa

Nigerians have been ranked amongst some of the top foreign buyers of choice properties throughout different parts of South Africa, who are particularly focusing on developing areas rather than the major regions of Cape Town, Durban, Johannesburg and Pretoria.

For example, Nigerians alongside other foreign buyers purchased around 670 properties worth approximately R800million in Kwazulu Natal and 260 properties worth approximately R23million in the Eastern Cape. It has been revealed that there is a growing trend amongst the said foreign buyers towards purchasing properties in South Africa as an investment, rather than for personal use.

First post!

Hello, South Africa! We hope you're having a good day. We're happy to announce our website is now LIVE!

www.commercialpeople.co.za

Commercial People deliver a property search portal. Initially set up to advertise commercial properties for sale or rent, we are also Residential People, advertising houses and villas to studio apartments. We are global, already listing on www.commercialpeople.co.uk (our UK headquarters) and www.commercialpeople.co.id (Indonesia). 

In preparation for the launch, we also created this current blog layout. What do you think of it?