The information in this article is courtesy of iAfrica (Cape property picks up – 23 June 2009)
Pam Golding Properties Western Cape Metro region, operating in the Cape Town metropolitan areas, has reported a surprising increase in sales for May 2009. Sales targets have been exceeded by 25%, with show house attendance also increasing.
The many public holidays and cautious approach ahead of the election, resulted in a slow April, however the interest rate cut and the orderly elections made up for it in May 2009, says Regional MD Laurie Wener.
Waterfront property alone bought in a staggering R30-million in transactions for Basil Moriatis and his team. Atlantic Seaboard Property and City Bowl property also did well and concluded R100-million in sales turnover.
Southern Suburbs property included three sales in Constantia, Bishopscourt and Newlands totalling R36-million. Howard Markham added that Rondebosch had eight sales totalling R26-million.
Wener said other areas doing well include South Peninsula and Blouberg as well as the Northern Suburbs.
Wener added that the mid-winter months are usually quieter for the property industry, but they remain positive. According to her the single greatest obstacle remains the banks’ strict lending criteria.
No comments:
Post a Comment