Newsletter
April 2018
 
Paul French, Commercial Director
Cape Town Property Market
Dear Guest

Cape Town’s property market has seen a sharp decline in recent months, much in contrast to the ever-rising tide of house prices seen a year ago. This has left many home owners struggling to rent or sell their most prized possession and asking the obvious question, why? Whilst it may be difficult to pinpoint the exact cause, one can safely point to various factors that are playing a part. 

Affordability and poor rental returns has most likely had the greatest impact on property demand, with house prices in sought after areas of Cape Town, having doubled over the past five years. This has left many buyers with no option other than to continue renting in the more affordable areas for the time being. Cape Town’s water crisis has also negatively ...

 
Featured Property of the Month
 
R7,995,000
Sea Facing Treasure
Wake up to sea views in this north facing, ground floor apartment that has everything to offer! Spacious and light, boasting 3 bedrooms, 2 bathrooms and an open plan dining/lounge area. An option to extend 2.5m off the living area to create an exclusive patio or garden. Situated in newly refurbished building on the sought after Mouille Point promenade opposite the beach. To complete the package, the apartment includes 1 motorised garage, 1 secure parking bay and a store room/domestic quarters. Don't miss this gem! Exclusive Sole Mandate
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Real Estate Tycoons Swoon
 
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If you're a property owner and want to let your flat out for short term rentals - you need to familiarise yourself with the Municipal Planning By-laws.... Read More
 
   
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One of the functions of the Community Schemes Ombud Service is to resolve disputes. This is done by way of conciliation followed, if necessary, by adjudication.... Read More
 
   
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With the 3rd tier sectional title laws and regulations now firmly in place, it seems apt to cast a critical eye on them and review the pros and cons.... Read More
 
 
Did You Know?
 
Tips if you're buying a property in South Africa
22 Apr 2018
The housing boom may have slowed for sellers, but for savvy buyers this can be a period of opportunity – with some great deals to be had.
 
 
Company Showcase
 
Jacques Maree Attorneys
 
 
Jacques Maree is an attorney who has been specialising in the fields of sectional title and homeowners associations since 2004.
To advertise your company here, please contact our Head Office.
 
 
Head Office
(021) 418 2255
info@coastalpropertygroup.co.za
www.coastalpropertygroup.co.za
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