Real Estate Investor Magazine South Africa April 2014 | Page 27

REI Residential
SA’s top ultra wealthy property suburbs
Western Cape:
Top properties:
Camps Bay, Cape Town:
No of R20m+houses: 155
No of R20m+ houses for sale: 17
No of R20m+ houses per unit of population: 4.1%

Gauteng:
Top properties:
Sandhurst, Johannesburg:
No of R20m+ houses: 127
No of R20m+ houses for sale: 6
No of R20m+ houses per unit of population: 19.8%

UHNWIs: Other wealthy suburbs in South Africa 2013:
Umhlanga, Durban: 17
Waterkloof and Waterkloof Ridge: 15
Knysna: 13
Plettenberg Bay: 10
La Lucia: 9
Hermanus: 8
Stellenbosch: 5
Franschoek: 4
Source: New Wealth (October 2013)

Valuable Input

Mike van Alphen
National Manager
Rawson Properties

Charles Robertson
Managing Director,
Visual International Holdings

Adrian Goslett
CEO
RE/MAX

One of the common mistakes
made by potential home buyers
is that they have somehow
picked up the idea that if
they have substantial assets,
these will qualify them for a
mortgage bond. The banks will
almost certainly rate the bond
applicant not on his assets but
on his income.

Historically, South Africa
consisted of “haves” and “havenots” but in recent years a new
growing middle market has
emerged and will continue
to develop further. Demand
for quality housing from the
growing middle-income
market in South Africa is
strong.

The best option for a
homeowner looking to buy
the next property is to rather
is stay in their current home
while looking for another
property. They could then
make an offer to purchase their
next home subject to the sale
of their current home going
through.

www.reimag.co.za

REALE ESTATE BUSINESS DIRECTORY

April 2014 SA Real Estate Investor

25