Real Estate Investor Magazine South Africa February/March 2019 | Page 30

FINANCE
ADVERTORIAL
Finance Solutions for
Property Developers
Predicted changes in market coming
BY LYNELLE CLARK
P
roperty experts Herschel Jawitz, CEO of Jawitz
Properties, Chris Renecle, MD of Renprop and Dr.
Andrew Golding, chief executive of the Pam Golding
Property group all agree that the residential market is in for
an interesting time in 2019 in South Africa.
Even though the majority in the country feel that things
will continue to decline the enlightened among us states
that all predictions for the year are positive. They believe
that home buyers and investors who take the plunge and
buy early will be well-rewarded. Buyers and investors should
not allow the current unsettled state of the global and local
economies to cloud their vision of long-term gains, states
Berry Everitt, CEO of the Chas Everitt International
property group.
This is, of course, terrific news for developers.
There is renewed confidence in buying property, especially
in the major metros. Prospective buyers are moving closer
to schools and parents change jobs to be closer to their
homes. Gone are the sluggish real estate market of 2018.
2019 proves to be energised as the market and banks are
more lenient towards the buyer.
2019 is the year for changes in the real estate market.
Buyers and sellers, tenants and landlords can transact easily.
Technology is being harnessed to allow a positive response
to long-held client frustrations and traditional ways of
business are being challenged. If we do not think differently,
we will be left behind in this ever-changing world which is
good news for end-consumers.
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FEBRUARY/MARCH 2019 SA Real Estate Investor Magazine
“Property transactions are going to be managed more
efficiently and with greater transparency. They will be
easier and less expensive. I don’t believe that systems
and technology will replace real estate professionals; the
circumstances around property transactions are too diverse,
convoluted and unpredictable. I do believe that we have
an opportunity to augment the skills of our real estate
professionals using technologies, thereby delivering a far
better level of service to our clients. This prospect is what I
most look forward to in 2019.” Says Paul Stevens, CEO of
Just Property Group Holdings. 
“If a buyer gains the post-election jump in the value of
their property now, they will enjoy the benefits of smaller
monthly bond repayment. This means that they stand to
derive the maximum possible advantage out of the strong
market recovery that they foresee taking place over the
next four years.” Berry Everitt, CEO of the  Chas Everitt
International property group states
“Although we are being subjected to increasingly loud
and distracting political in-fighting ahead of the General
Election in May, it is not surprising that many prospective
buyers and investors are deciding to ‘wait and see’ how
things turn out before making any further commitments to
the market.” Berry Everitt concludes.
“One thing is for sure, now is not the time to delay
residential property developments or put things on hold
because of a shortage of cash,” says Prevance sales &
marketing manager, Christo Jonker. “We understand the