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الأحد، 30 مارس 2014
When it comes to property for sale on the Cape West Coast, Harcourts Managing Director Richard Gray announces that development of the business development area (IDZ) at Saldanha will have a good effect for the local residential market.
"The industrial stimulus from the investment in energy will have a positive effect on property for sale right across the Western Cape, and for Cape Town in particular", asserts Gray. With the mining and energy investment springing from the economic development sector, Gray says that eventually the regions economics will be underpinned by energy, and this could attract a completely new set of business to the region, every one of them employing staff who will be needing to buy property for sale.
"For the subsequent 20 years or so it can be anticipated that the IDZ will be a massive business driver, and the resulting prices received for property for sale will reflect the clamor for housing from the energy sector. " Gray continues, "Harcourts is fielding enquiries from potential speculators who see that property for sale in the Western Cape is an expansion industry thanks to a deficit in residential housing stock. Stockholders are asking Harcourts, where they can acquire property for redevelopment, many investors are looking at property for sale with a view to a buy to let investment opportunity. "
When asked about the type of housing stock that will doubtless be in demand, Gray says that the start line for many stockholders seems higher density housing units, "In expectation of young, skilled workers seeking accommodation, backers are looking for development opportunities where there is property for sale within a commutable distance from industry locations. "
Gray says the banks are on-side for backers and first home purchasers on the Cape West Coast, "In recent months the banks have eased their lending conditions when it comes to property for sale where a buyer has a great credit history, and also by allowing lending to a higher percentage of a property value. "
The original impact on property for sale in Western Cape where banks have eased their lending terms has been an increase of activity in medium priced houses, Gray asserts that Harcourts has seen a trend where existing house owners are upgrading to a bigger or better property. "In the short term, the impact on residential property for sale on the Cape West Coast has been a market correction, whereby home owners judge the time is correct to upgrade their home, however we have not seen much activity at the higher end of the market where activity around property for sale higher than R20m has remained stable. ".
"The industrial stimulus from the investment in energy will have a positive effect on property for sale right across the Western Cape, and for Cape Town in particular", asserts Gray. With the mining and energy investment springing from the economic development sector, Gray says that eventually the regions economics will be underpinned by energy, and this could attract a completely new set of business to the region, every one of them employing staff who will be needing to buy property for sale.
"For the subsequent 20 years or so it can be anticipated that the IDZ will be a massive business driver, and the resulting prices received for property for sale will reflect the clamor for housing from the energy sector. " Gray continues, "Harcourts is fielding enquiries from potential speculators who see that property for sale in the Western Cape is an expansion industry thanks to a deficit in residential housing stock. Stockholders are asking Harcourts, where they can acquire property for redevelopment, many investors are looking at property for sale with a view to a buy to let investment opportunity. "
When asked about the type of housing stock that will doubtless be in demand, Gray says that the start line for many stockholders seems higher density housing units, "In expectation of young, skilled workers seeking accommodation, backers are looking for development opportunities where there is property for sale within a commutable distance from industry locations. "
Gray says the banks are on-side for backers and first home purchasers on the Cape West Coast, "In recent months the banks have eased their lending conditions when it comes to property for sale where a buyer has a great credit history, and also by allowing lending to a higher percentage of a property value. "
The original impact on property for sale in Western Cape where banks have eased their lending terms has been an increase of activity in medium priced houses, Gray asserts that Harcourts has seen a trend where existing house owners are upgrading to a bigger or better property. "In the short term, the impact on residential property for sale on the Cape West Coast has been a market correction, whereby home owners judge the time is correct to upgrade their home, however we have not seen much activity at the higher end of the market where activity around property for sale higher than R20m has remained stable. ".
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Harcourts SA offer property for sale, land and homes for sale, rentals and commercial leasing, agricultural property sales, lifestyle real estate and business across S. A..
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