Real Estate Investor February 2021 February 2021 #131 | Page 36

You can invest in the Crossways Farm Village lifestyle from as little as R275 000 . Click here to find out more .
Living in Zoom Towns According to the latest FNB Estate Agent Survey ( Q4,20 ), 11 % of all sales in the final quarter of 2020 were due to the relocation of the homeowner to another part of SA . The percentage was also 11 % in Q2 and is the highest percentage since Q1 2008 , when 13 % of all sales were due to relocation within SA . So , while relocation fell in popularity during 2018 and 2019 , the impact of the pandemic and associated lockdown is clearly evident in 2020 .
Western Cape , but also from Gauteng and KwaZulu-Natal .
“ Many of our buyers have always wanted to live here , but were only able to consider it as a retirement dream - so they made do with weekends and holidays . Now , however , they see these towns as permanent residential locations as they are able to work remotely , with Cape Town International between 75km and 90km via the spectacularly-scenic , world-renowned , R44 Whale Coast route - Clarence Drive ,” says Nicola Lloyd , Pam Golding area manager for Rooi Els , Pringle Bay , Bettys Bay and Kleinmond .
According to Lloyd , there are now more younger buyers and families that are starting to flock these towns . She further says that the major demand is for homes priced between R2 million and R3 million .
Relocating to these zoom towns is more about the needs of the buyers and not necessarily dependant on what sellers offer . If you are eager to move out of the bustling and overpriced metropoles to smaller , more secure communities you might want to consider these areas popular with fellow semigrants .
In the Western Cape various villages such as Rooi Els , Pringle Bay , Bettys Bay , Kleinmond , Malmesbury , Hermanus , Onrus and Gansbaai , which offer easy access to Cape Town , are attracting home buyers not only from the Mother City and
In almost every aspect of life , the early bird catches the first worm . And in property , the early adopter enjoys the returns longer than the late one . Right now , people are moving to more relaxed and scenic areas , to put their minds and finances at ease . This , to a point where some zoom towns will inevitably feel the strain of their increased populations and may soon become just as overburdened and unaffordable as the cities the semigrants originally flocked . If you want to live or invest in a zoom town , there ' s no better time than now .
SOURCES Pam Golding , Seeff Properties , Crossways Farm Village , FNB , Lightstone , Slangit
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GETTING SMARTER TRENDING ONLINE ARTICLES Visit www.reimag.co.za for the latest updates. “The way you do your work is more important than how much work you do.” Protecting property Investments in a challenging market 34. Grow older, grow smarter Pearl Scheltema, CEO of Fitzanne Estates, emphasises the need for good training and a solid understanding of the property industry throughout 2021. “We need to be realistic,” Scheltema says. “The real estate landscape has changed dramatically. And now isn’t the time to be reckless with an investment.” Let’s face it, retirement isn’t what it used to be! As a Baby Boomer, you can expect to live 10 to 25 years longer than your parents did without getting bored or feeling the pressure. There’s a good chance you’ll be healthier and more physically active than they were at the same age. So how do you invest into a well-developed retirement village that caters to active retirees? 38. How to make sure your rental rates are just right in 2021 In 2020 many landlords were placed in the grey area between being understanding of changing economic circumstances and becoming an accidental financier of their tenant’s homes. To avoid rent defaults and set your rent realistically in 2021, it is important to understand how the different brackets were impacted economically. This will help you understand how cost-sensitive your tenants are. 42. Build a significant property portfolio How much wealth have you built up so far and most importantly, what are you going to do DIFFERENTLY this year to build more wealth? How do you set goals for building a property portfolio that can help you build this wealth? In setting goals for building a property portfolio there is one secret which all successful investors need to know and understand. 32 FEBRUARY 2021 SA Real Estate Investor Magazine What landlords should know about subleases in the office property market The office property market has been constrained, leading to landlords having to consider alternative leasing models. With the office market segment under pressure, renegotiation of leases with landlords are not always possible. Under these difficult trading conditions, tenants are forced to explore cost-saving avenues like subleasing of underutilised office space. Ditch traditional models of investing and secure high returns “Every investor I speak to never seems to be too concerned about what security they have for their investment. In the traditional sectors, they would invest in the stock market, lose money and go back again because they understand it. ” – Co-Founder of Opportunity Private Capital, Nick Morgan. SA Real Estate Investor Magazine FEBRUARY 2021 33