family offices and institutions . This inclusionary vision is shared by developers Lurra Capital and the entire Fynbos project team .
In terms of The Fynbos , EasyProperties has secured an average purchase price of R1 155 314 per unit acquired ( including furniture ). This represents a material discount of 10 % on the asking prices of the units acquired .
Even though the rental market has experienced a subdued environment due to multiple factors , including the work-fromhome phenomenon , since the beginning of 2022 , the trend for short-term stays converting to long-stay rentals is on the rise . As tourism and travel are expected to continue to pre-covid levels , the completion of The Fynbos during the final quarter of 2024 , is expected to be perfectly poised to take advantage of this .
STRONG CAPITAL APPRECIATION
According to the EasyProperties Investment Case report , the property market in the City Centre is making a decent recovery , with prices moving closer to pre-covid figures . The number of property development activities and investors who are scrambling to take up stylish apartments and lofts show that buyers continue
SA Real Estate Investor Magazine SEPTEMBER 2022 131