The past three months have been a bumper sales period for the Chas Everitt International branch in Boksburg, in contrast to the gloomy property market picture being painted elsewhere.
So says principal Leonie de Wet, who attributes the upward swing in sales to realistic house prices and lower interest rates.
She says the majority of purchases are now occurring in the R800 000 to R1,2m bracket and that properties in this category are typically generously proportioned and comprise three bedrooms, two bathrooms, a lounge, kitchen, family room and double garage. Sectional title homes in the East Rand town are generally selling for between R500 000 and R1,2m.
"Buyer attitude has improved greatly over the past few months. Bargains abound and it's obvious that now is the time to buy. We are positive that this year will make up for the doldrums of 2008."
Meanwhile, De Wet says, undeveloped land in Boksburg is fast becoming scarce with development reaching capacity. The area is well serviced by an extensive infrastructure network and residents enjoy easy access to the airport and other major commercial nodes.
A variety of good schools are also within easy reach, making the area appealing to both families and business-orientated individuals. Black entry-level buyers have also recognised what Boksburg has to offer. Many are upgrading and purchasing start-up homes in the area having sold their homes in the surrounding townships.
Meanwhile, Boksburg's rental market is in line with national rental market trends. "The market spiked in October last year but has levelled out now. Basic two and three bedroom units are letting for between R3500 and R6000pm."
ISSUED BY CHAS EVERITT