Property Rental Demand remains high
Nov 7th, 2008 | 8 Comments »
SA Property News: Market set to rebound by 2010
Predictions of a turn-around in the local property market are beginning to surface from an increasing number of Real Estate groups.
The latest of which has been Colliers International, who came out this week predicting that the SA residential property market will rebound by 2010.
The group is basing this prediction on a real estate clock which was developed in 1933. Sanett Uys, director of Colliers International explains that, property markets go “through cycles like any other and follows patterns”.
These cycles usually last for about 7 to 9 years, but each country and city has its unique cycle.
Uys points out that, property is a long-term investment, investors should ride the low end of the curve and focus on positive capital appreciation in 2010.
Meanwhile, demand for rental properties has increased, which has helped to attract more buyers to the market.
“FNB reports that 59 percent of all properties available for rent are let in less than a month,” he said adding that the greatest demand for rental properties is in the lower.
Earlier, Rawson Properties predicted that interest rates would be cut in the near future, which will signal the beginning of the turn-around.
Colliers International,
November 12th, 2008 at 6:48 pm
Finally!!! Rental income is catching up. This is about time.
November 26th, 2008 at 1:27 pm
Thanks for the interesting article, we are hoping to see a interest cut in December which will have a positive influence on the property market.
November 27th, 2008 at 10:12 am
Great read, there is going to be an interest cut hopefully in December which will come as huge relief to most of us this year.
December 16th, 2008 at 4:39 pm
agreed with this.
I’m battling to sell my house – put out (what i thought) a skyhigh rental figure and 3 guys called within a day.
Gonna get some screening tips, do a credit cheque and hopefully they’ll contribute a bunch toward my bond
January 13th, 2009 at 12:44 pm
Unit 4 Riverlodge, Bosvlier Street, Winchester Hills, Johannesburg near Goldreef City, Mondeor, The Glen Shopping Centre and Southgate Mall.
Rental = R4,500 per month. Levy = R800 and Water/Lights ± R350 per month for two people for total monthly expenses about R5650.00 and here’s the rest.
2 Bedroomed simplex on the 2nd floor.
Features:
- The unit is tiled throughout except for the lounge and bedrooms which are carpeted.
- The spacious lounge is open-plan to the kitchen and has access to a balcony which has an amazing view.
- The kitchen has ample built-in cupboards, a breakfast nook, stove, under counter space for appliances and a double sink.
- All the bedrooms (one main) have built-in cupboards.
- The bathroom comprises of a shower, bath, basin and a toilet.
- The other bedroom is currently being used as a study.
Security:
- Alarm system.
- Motorized gates.
- Security gates.
Location:
- Close to schools, shopping centre and highways.
February 3rd, 2009 at 12:14 pm
I need a house to rent as well in faerie glen. close to board walk office park. purpose is to run a day care centrel. this house must be +3bed rooms no pool big garden
June 11th, 2009 at 7:32 am
Thanks for the useful info. It’s so interesting
July 4th, 2009 at 4:57 pm
who can i contact to rent my house in paulshof jhb for fifa?