Real Estate Investor Magazine South Africa Real Estate Investor Magazine - Dec/Jan 2018 | Page 17

ENTER BY 28 FEBRUARY 2018 2 nd ANNUAL National hotspots According to Andrew Golding, CEO of Pam Golding Properties, there are several places that show good growth and steady investment. “The Atlantic Seaboard in the Western Cape probably tops the list, having generated sig- nificant capital growth and rental income growth over the last few years. We’ve even seen the setting of a new bench- mark recently, with a price of R200 000 per square metre.” Also in the Western Cape, Golding points to the growth nodes of Century City and Claremont. “The Western Seaboard has also been one of the fastest growing areas in the Cape in the past 15 to 20 years, with the emergence of suburbs such as Century City, Parklands, and Sunningda- le,” he continues. Secure developments in the area include Century City, Royal Ascot, and Big Bay, with a collective development figure of 80%. In Kwazulu-Natal, uMhlanga and secure estates along the North Coast are also showing good growth. Due to good all-year weather, coastal areas in the province are also popular retirement opportunities. This interest is illustrated in the fact that the province has seen sectional title building plans’ pass rate nearly double from 2010 to 2017 (36% to 61% respectively.) Gauteng is seeing strong growth in Fourways, Rose- bank, Sandton, as well as the Midrand area. As is the case with Cape Town’s MyCiti bus routes, it’s become evident that areas close to existing or upcoming Gautrain routes are popular with investors and tenants alike. THE PRICE OF CONVENIENCE New World Wealth’s report measures the average price in US$ per square metre in prime areas in leading global cities: 1. Monaco $48 000 2. New York $37 000 3. London $35 000 4. St Tropez $33 000 AWARD 2017/18 INVESTOR OF THE YEAR AWARD ENTER & WIN R50 000 Do you think you have what it takes to be the 2017/18 Real Estate Investor of the year? Do you have a property story to tell? Have you managed to creatively secure a property and maximise your investment? It could be an incredible experience, goal achievement, monetary return, reward, obstacles you overcame, something that you learnt or something that impacted you and people around you. Impress our expert panel of judges with the number, value and types of properties in your portfolio. Go to www.reimag.co.za to download your entry. 5. St Jean Cap Ferrat $32 000 6. Hong Kong INVESTOR OF THE YEAR $28 000 Compared to these, it’s clear why Africa is consid- ered good value for money: 1. Clifton and Bantry Bay $5 800 2. Grand Baie and Port Louis (Mauritius) $5 000 3. Sandton $2 800 4. uMhlanga 2 200 ing amenities stretching far beyond the typical golf courses. Finally, there is a growing interest in eco-friendly or “green” properties. As South Africans increasingly feel the economic pinch, an emphasis is placed on reducing the running costs of a property. Properties that offer water and electricity saving measures are therefore more popular than ever. Submit your application to [email protected] by 28 February 2018 and stand a chance to win* • R50, 000 in cash • An all expenses paid trip for two to Mauritius • Plus other prizes and gifts • PR exposure across REIM/SAPIN social media platforms • A feature article in Real Estate Investor Magazine *T&Cs Apply SA Real Estate Investor Magazine DECEMBER 2017/JANUARY 2018 15