Chas Everitt International opens in Vanderbijlpark
News > news - 05 Sep 2006

In a show of the efficiency it is bringing to the local property market, the

new Chas Everitt International franchise in Vanderbijlpark in the Vaal

Triangle has notched up its first sales even before its official opening

Owner Amanda de Jager says: "The Chas Everitt International brand name is

synonymous with professional service and its marketing systems are the best

available in South Africa. We are thus able to give property consumers real

value for their money."

The office is initially fielding 11 estate agents with an eventual target of

16. De Jager says three other staff members will man the office to ensure

that administrative functions run smoothly.

De Jager qualified as an estate agent in 2001 and joined an estate agency in

Somerset West in the Western Cape, moving to Chas Everitt International when

the brand launched there. She relocated to Gauteng when her husband was

transferred and, after working for a local agency for a year, decided to

take up the Chas Everitt International franchise in Vanderbijlpark.

She says the local market is still very lively with a healthy monthly

turnover. "Relatively low entry-level prices attract many investors, mostly

from other parts of Gauteng. Flats are still available from R250 000,

although they are up from about R120 000 a year ago. Growth of 15 percent is

still realistic and rentals for such units vary between R2500 and R2800 per

month, which is high enough to cover bond repayments."

Prices for small homes start at R300 000 and most properties in the town

sell at around the R400 000 mark. Properties right at the top end of the

market reach prices of up to R5m and homes in this category are still

selling relatively well, De Jager says.

Vanderbijlpark is also becoming a destination for buyers who work in and

around Johannesburg but who want a more rural lifestyle for their families.

De Jager says commuting to the Johannesburg city centre takes only about 30

minutes.

Weekend properties on the banks of the Vaal River are also popular. "We are

increasingly seeing an overflow of buyers who traditionally would have

bought property around the Hartbeespoort Dam. They cite lower prices and

less congestion as reasons for buying local waterfront properties."

Local properties are also benefiting from large-scale refurbishment. Younger

buyers, especially, buy older homes at prices of around R400 000 and

typically spend around R100 000 on upgrades, says De Jager.

The new Chas Everitt International office is located at 104 Rossini

Boulevard in SW2.

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