PROPERTY TALK
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For the Buyer
The Port Elizabeth market is still adjusting to the national trend
and slowly rising in value from sale to sale. We have noted that
properties in excess of R2 million have slowed in demand and
seem to remain on the market longer than average. However
there is a steady demand on properties in the R850k to R1,500k
price range and the above average 3 bedroom home will sell in
the region of R1,350k.
You will still find hidden gems in the Western Suburbs of Port
Elizabeth that can source a Fixer-Upper 3 Bedroom around the
R800k and the average 3 Bedroom should reach just below the
R1,000k mark in the Western Suburbs
Commercial interest has picked up and there are properties that
have been sold in excess of R300 million in Port Elizabeth.
Commercial remains a strong favorite for investors and indi-
cates the invested interest that business has in Port Elizabeth. This holds value to the people of the city with invest-
ment from business units and job creation sparking the economy of the city.
Although the market has slowed and the general trend of Sellers and Buyers is to be cautious, there is still an inter-
Handy Tips
Keep your investment below the R2
million mark and preferably in the
sweet spot of R850k-R1,350k
For more advice on property options and
the due process of buying,
selling and investing…
Remain invested in Sectional Title Marc van Heerden
property options Cell: 073 198 9369
Tel: 041 360 0365
Once you get into the game, your [email protected]
focus will be on Net Return from
rentals aiming for between 7-10% ROI www.sothebysrealty.co.za
Each office is independently owned and
operated
Call on a the skills of a good agent. It
costs you nothing and you gain a great
investment.
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