Briefs - Centurion still recording growth

News > news - 11 Aug 2008
Centurion property still offers capital growth, according to Julian Buckmaster, of the local RealNet office, who reports the town recording an average “two to three percent stronger growth than the national average”.

According to the latest figures there is still an annual turnover of 10% on the roughly 14 500 residential properties in central Centurion and eastern suburbs such as Irene, Zwartkop, Highveld, Doringkloof, Lyttleton and Lyttleton Manor, translating to around 120 residential transactions per month.”

Sectional title units at the entry-level of around R400 000 to R800 000 are currently the biggest movers.

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Kapstadt Int Properties increases City Bowl market share

Kapstadt International Properties reports in its quarterly newsletter a market share of 50% in units and 62% in rand value for Cape Town’s City Bowl houses sold in the month of July.
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Lew Geffen reports increase in show house visitors

Lew Geffen, chairman of Sotheby’s International Realty in SA, says that with prices continuing to fall in real terms, show house attendances are suddenly starting to pick up again and buyer numbers are also starting to increase. He reports an 11 percent increase in buyer enquiries in the past month than in any of the past six months.

In addition, says Geffen, a high percentage of the transactions taking place now are cash purchases, and many of the others involve large deposits.
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