Real Estate Investor Magazine South Africa May 2013 | Page 55
REI Offshore
Prime London Property
Prices Increase
Greece Not Picking Up
Anytime Soon
Israel Property In Demand
Prime Central London residential prices
increased by 0.9 percent in March and by
2.2 percent in Q1 2013 with the biggest
price rises in March seen in City Fringe (1.8
percent), Islington (1.5 percent) and Mayfair
(1.1 percent). Mike Smuts of Smuts &
Taylor says those buyers looking to enter the
market can take a look at a new development,
Providence Tower, located on the R iver
Thames next to Canary Wharf. Prices start at
£430 000 for a 630 square foot one bed and
around £600 000 for a two bedroom apartment
measuring 821 square foot.
Homes worth bet ween £1 million and
£2.5 million have increased in value by
3.4 percent so far this year, while prices
of homes worth up to £1 million are up
2.2 percent.
“The general property market in Greece is
currently under heavy pressure due to the global
financial crisis, but there is still good demand
for exclusive property such as the islands,
especially when it’s selling at a discount to
its value, as is the case with the Sofia Island,”
?^\??Y?[??K\?X???]X?[?]?[?YK???] H??[?[?\??[[? ?X?\?[? H \???]? YX\?? H?YZ? ?X[\?]HX\??][??? ??X? H?\??? ???[?H ?Y??? ?Y?Y?X?[???\? ?X?[?? ?[??HH ?Y?Y?X?[?X?[?H ?\???\??Y[? H \??]?H YX\??[? H?\?B? ?X?K]?\?[? ?][? ?X?\? \?X[ H^[Z[?Y?[????[??[? ?]?\??X???\? ?[ X][??[?X?]??? H ?X[\?]HX\??] ?^\? B??[??]H???H?X[ [??Y? ?]?X[ ? ]?\?H ?\?H?\??\?
Z[[?Z\?\?[???YX?H] H[?? ? L??\???\\?\? ?? B?? H ?KX?\?\?Y??
?H Z[[?Z\?\?[???
? ?^\?[? ?]?[[?[ ? ?[?[?[?[ \?[??XY? ?\? ? X[K????Y?[?[??\???K?PV\?Y[ ?\??\???\??[? ?^\? ??\? H[?\?Y[??[?YY ???????H ? ?[?? ? ? ?[?? [?[X[??\??\??[? H?] ? ?\ [?? ?\ K?\?\?\?]B?H?X? ][??Y?H?[?[??H[?\?Y[\?\? ??] ?]
?H \??[???[?[??H?Z[?HX^[][H ]?[??? ?[]?[????Y\???[?[??? ??\? K??\??[? ?^\? \?\??B?? HXZ[? ?X\??? ? H\?Y[?\?Y ?[? ??Y??] H ?X?\??[?\? H?[???Y??&]?]?HH???YX? ???^Y\??[?\?Y[ H ?^\???\?H ?YB?[[??\X?? [?K???H?\?? ][YH?^Y\?? ??H \?Y[?? Z\? ??\?Y\? ? ?Z] Z\???[Z[ H ?\]Z\?[Y[? ?[? ? ??H????[[?????\? ? ?]\?[Y[? ???\??[? ?^\??\?? ][YH?^Y\??XZ?H \X??]??H \??[?? HX\??] ?] ?YH ???\???Y ???H\\?Y[? ????H ?X???ZX? X???Z[?? H[?? ??Y? XY?\? ??\? K????[ XX?H[? ]????? X??[??S?[?\??][?[? ??\? H?? ][?¸?'?? ?H[?H\? \?B?\? ??]X? ????Y\???[?[??\?[??????H[? [?B?]?H ?]?H H ?Y? ?[???X][?[? B??Y? \??\?? ??X??YY ??'B????˜?Z[XY????B???[??H[[?\???\ ?[??X[ B???ZY?[X[???S? ?? ?[]???'?]H ??][B??T?? \?x?&\??]?\???Y[?H?] \? [YH ?[??\?[?????H[???X?Y?X?[ H[??\ ?\????\???\? \?H\?B??? ?[?\?[?]\??N\?H\?[ ?^\?H ? ???[X[??? ?\?Y[?X[? ??\?Y\?[??\ ?\??'B???'[??\??? ??[?[ ?^\? ?[[?H B?[[?[?[\?X?\[?[? ???&]?\?HX??]??Y]??? H[Y\???\?[??? ^H ?[?? ?[??? Y?\? [H[????Y?? ??'B?? ?[? ?]???[????K[H??[?¸?'?]] ?Y [X?Y?\? [K ??X?[??[X]K??\Y ?]?H ?X?HX???^H[???\?[?\??H[? ^??Y[? H[??\??Y[? ?]8?&\?\? H ?\? ?\?[?] H\?[???X]\?]]\?? ?[??X\?[??\ X[ ??'B??X[H?Z[^K?XY??\?X\?? ??Y? ??[?¸?'???&\? ?[YB? ??\? HX\??]???[?Y\? ??H[??] ?X?]?H\?[?][?????\??X\?[??\??????[????H ?Y?H]?[??? ??X?Y?Z[????[?X???ZX? [??\?Z[? K??'B??X^H ? L??H?X[\?]H[??\????L??