The Rawson Property Group’s sales in September were the best they have achieved in the last eleven months. This, says Tony Clarke, the MD, indicates that the South African residential property market is at last on a path to recovery.
After the welcome South African Reserve Bank decision to leave the interest rates as they are, Clarke predicts that the first long-awaited drop in the rates could take place as early as this coming December. (more…)
One of the anomalies of the current economic situation in South Africa, says Tony Clarke, MD of Rawson Properties, which with the 140 franchises operates across the length and breadth of the country, is that, while there is general agreement that the National Credit Act was a wise piece of legislation, imposed just in time and very definitely able to protect the consumer, there are still thousands of South Africans mired in debt and overspending problems. Nowhere is this more obvious, he says, than in the housing market where many individuals who should be able to afford a home simply cannot do so as a result of overspending elsewhere, making it difficult to qualify for a bond. (more…)
Cape Town’s City Bowl has never been as much in demand as it is now, says Andre Geldart, who recently bought the Rawson Properties franchise, a territory that covers Schotsche Kloof, Tamboerskloof, Higgovale, Gardens, the CBD, Oranjezicht, Vredehoek, Devil’s Peak and Zonnebloem. (more…)
Eighty percent of the demand for residential housing is now aimed at the sub R500,000 market and a large portion of the remaining demand is for homes in the R500,000 to R1 million bracket, says Bill Rawson, Chairman of Rawson Properties. (more…)
The 1 000 apartments that have been built in the last five to six years in the Tyger Lake Waterfront still represent one of the best buy-to-rent opportunities to have come on the market in recent years, says Paul Abbott, Rawson Properties franchisee for Welgemoed and Tyger Falls. (more…)
