Estate Living Magazine New Beginnings - Issue 37 January 2019 | Page 17

P R O P E R T Y
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I N V E S T M E N T
‘Indications are that this low-price scenario is now well poised to change. The green shoots of a
turnaround are clearly beginning to take hold. This will have a ripple effect throughout the economy
and will benefit places like the Southern Suburbs even though the Cape has traditionally come off a
high base,’ he says.
He says activity is improving. ‘The market now “feels” fractionally better as the sales flow gathers
momentum – albeit slowly at this stage.’
‘Traditional demand has always existed for Rondebosch, and this has supported the area through
difficult markets,’ says Ennik. ‘That, together with the impact of a positive political turnaround, bodes
well for the area, which has always been resilient.’
He says underpinning this process in South Africa is a combination of sentiment-building factors
including a president who is ‘a process-driven person with a history of doing things properly’.
Ennik also praises the ‘new-look’ political leadership. ‘Although perhaps not exactly pristine at this
stage, it’s nevertheless seemingly geared to manage, responsibly, the plethora of issues and challenges
it faces. Not least of them is the controversial land reform issue, which most opinions suggest will be
handled responsibly without damaging the economy.’
Even though, as Brad Morgan says, ‘the Southern Suburbs has seen enormous growth in the past
few years, a little area of Rondebosch had been waiting for something original and novel to give it
a fresh new feel.’
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