Real Estate Consultants South Africa

Point 2 for Africa
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Kevin Harris

  • Investment in Thailand retirement lifestyle development

    The Falls in Hua Hin Thailand is a unique investment and offers an excellent lifestyle investment on the fast growing portion of coastal Hua Hin.Just 200 km's from Bangkok , Hua Hin provides excellent weather and the Royal family of Thailand have had holiday properties in Hua Hin for many years because of this fantastic and idylic lifestyle area. 

    The falls is an architechurally and facility leading development that provides facilities like world class medical facility , Gym , safe and secure amenety areas , concierge , and really the ability for you to mould your retirement lifestyle as you wish. A rental pool offers you the flexibility to get a return on your investment in those months that you choose to reside elswhere , so follow the summer and revolve your life around this magnificent lifestyle in paradise. 

    For South Africans seeking a safe haven with world class medical facilities , a healthy and outdoor lifestyle can be found by invetsing in the Falls on Hua Hin Thailand . A cost effective lifestyle that allows you to live a Luxurious lifestyle with a monthly income of just R20 000 p.m. ( +- $2700 )

    The Thai lifestyle provides a great opportunity to invest in Paradise and gain excellent returns on your investment in the process , dont delay contact us now to discuss this phenomenal lifestyle investment.

     

     

  • East London South Africa Property Rates Re-Evaluation Shocker !!!

    If you are a resident and property owner of East London South Africa , make sure you visit www.valueme.co.za and find your home . Check the value being attributed by the recent re-evaluation process conducted by the BCM and so called " Valuers " . The results are nothing short of shocking. There are homes which we know and sold only a year or 2 back that are now valued at 60% more than the current market value . Some with river views and top class finishes are at 42 % undervalued .

    Roumours from " in the know " insiders that some of the measuring was conducted by teams armed with 30cm rulers to measure dwellings and movable contents been added to the value of the property , well I say roumour , but gauging by the results it seems quite likely that this is fact.

    I would like to offer our services to all Nahoon , Stirling and surrounding suburb central East london residents to contact us and we will provide you with accurate market valuations backed by statistical sales data to assit you with objecting to any valuation which you feel is too far out of the norm.

    We will pay a quick visit to your home , provide comparitive market analysis data for you and give you a written valuation based on the " willing seller , willing buyer " principle supposedly being applied by Buffalo City Municipal Valuations .

    This service is free of charge and we will ask for a signature of petition of all those residents who feel they have been unjustly provided a value that is not market related. Even a low value is not fair , but I am sure these home owners will be quiet . Call us or e-mail me kgharris@lantic.net be prepared , dont be steam rolled by this beurocratic bungle . www.sellsure.net We know the true value of your home based on "willing buyer / willing seller".

    We undertake to do a global comparison with international first and 3rd world economies to compare the proposed new valuation charge.Watch this blog to compare how we shape up with the rest of the world.

    Realistically should we be seeing some change in adminstrative and service delivery within  our city , we could agree to realistic increases , but what is proposed with the future whack of revenue in our city about to be collected by these unfair "wealth taxes" that are proposed?

    The credit act , rising building costs , inflation , property rates that are being hiked by way of some thumb suck ? Where does that leave the aspiring home owner in this country?

    Come on , property ownership it THE cornerstone of wealth creation and retention , for both rich and middle class and even poor if the governments get innovative. Why are we killing this goose ? Get real South Africa's so called govenors and servants of the nations people (????) .....real estate is one of our biggest sectors , market forces are enough pressure we dont need more artificial pressure to further strangle this goose .Perhaps there is some plan that the few fat geese can gather the golden eggs that remain in the aftermath of this attack on property ownership and put them into thier already well feathered nest. Why are we so complacent in this country????

    Dillusion is setting in which may be evident the weight of this post ,  as all reason seems to be leaving the scene that plays out before us daily. Remember to vote , because if we continue on this path we will surely head straight into an " African Banana Republic like some of our neighbours , VOTE, VOTE , VOTE if you want some change, don't be a victim be a part of the solution. Stop the rot , please add weight to this blog if you share some of the sentiments I have posted ???

     

  • Don't kick yourself twice in South Africa

    Many potential and even seasoned investors are still lamenting the lost opportunities of not recognising the potential in the sustained property boom experienced between 2002 and 2006. Urguably one of South Africas greatest upswings and global corrections putting us in line with the top 5 destinations in the world for investors to make money on property here.

    "I could kick myself for not buying that property " is so often heard. With an ear to ground and recent market movements I want to suggest that you dont repeat these words in the next 3 year cycle.

    International markets and uncertainties are amongst us , but it seems like the ripples are isolated to a few sectors of the SA economy , and pent up demand , a rising middle class , globalisation of our economy and many other positive steps seem to be keeping our property market safe from major influences that will see price declines. Industry experts talking of another 50% increase in pricing over the next 3 years dont seem too far fetched anymore , and 2010 soccer world cup looming could set the stage for such a recovery.

    Examine what held you back fro the last upsurge and avoided you cashing in on the opportunities presented then? Dont kick yourself twice.

    Property in South Africa and many other emerging economies ( India is another example) seems to retain a resilliance that first world giant economies may have to envy in future.

    So let a professional guide you here if you are uncertain and those with the ability to produce deposits , secure loans and even cash investments  , but don't kick yourself twice - Kevin Harris www.sellsure.net , www.real2me.com , www.sareservation.com , wwww.homesafeinspection.co.za  +27836560915

  • Training needed for real estate professionals

    The recent credit act was one thing , now the consumer protection bill will have another major impact on the lives of the real estate professional.

    I would like to invite comments from all stakeholders to share thier views on these well intended bits of legislation and the resultant effect on the industry and sale process in general.

    I am no atorney , but my interpretation is as follows , the credit act as we now are mostly aware places the risk sqauarely on the lender to ensure the puchasers affordibility and suitability is matched to the finance product offered.

    The consumer protection bill however is a bit more complex , heres my take on it as far as real estate transacting goes. Should the property being sold not be as described , advertised and shown , the purchaser can overturn the deal using this piece of legislation in his favour. I dont understand the relationship between voetstoots and the consumer protection bill , but thats how it reads to me .

    If the above is the case , then real estate agents would be well advised to adopt the disclosure approach taken by USA and European real estate agents , and that is to provide as many professioanl disclosure options in the deal as possible to the purchaser . These include a full technical home condition inspection report signed off by a professional inspector , failing which they must sign a disclaimer that they refused an inspection and waive thier rights to recourse via the consumer protection bill.

    Let me know if I am on track here please , and I would like to then know what measures the industry is taking to adopt this new bill and minimise its impact out the industry players. The Department of trade and industry has been instrumental in the construction and implementation of this bill , and can be viewed at  www.dti.org.za

  • Follow the honey bird to real estate returns

    In Africa the animals that have a taste for honey have cleverly evolved to know the call of the honey bird. This shrewd little miracle of nature is able to locate beehives and call his hungry fellow wildlife to the hive . Once the hungry honey lover has broken the hive and exposed the honey , the bird is able to feast with his fellow bush dweller.

    A similar talent has evolved amongst shrewd property investors , who watch the big international developers like Donald Trump with an appetite and eye for returns in developing markets . These shrewd investors , like the honey bird await these investors initial risk taking outcome , and simply follow suit and get returns on thier investments.

    A lot of shift in developer focus has taken place recently and investment hot spots like Thailand and the United Emirates are the new hunting ground for the ground breaking developers . You will be advised to follow the honey birds advice and look into the returns many of these developments offer . Along with returns comes the benefit of utilising these investment desitnations as exotic holiday for yourself and your family that pay for themselves in the long term. Many are in rental pools and retaurns of  10% and higher are achieved plus capital growth of up to 25% p.a. in some vibrant market

    Look into these sweet investment opportunities at www.real2me.com and get great advice on these exotic new real estate destinations.

     

     

  • Multiplex For Sale in Thailand

    Over Lay 1 copy
    Invest in this flexible asset

    • 490 sq. m., 2 bath, 3 bdrm multiplex "Various styles " - R5,100,000 - Investment in leisure

      -  5 Star Resort Living Developer: Vital Residence Ltd. (BOI registered company) Project Location: Hua Hin 134, 10 mins from Hua Hin City Centre Project Area: 70 Rai Number of residences: 96 Apartment units, 24 Penthouse units and 91 Villas Product Aspects: ‐ 90 years lease hold ,10 mins drive to Hua Hin Centre 5 mins to the beach Mountain and Sea View ‐Quality design and materials ‐Variety of options ‐Competitive price ‐ Facilities: Medical Care Centre, Spa, Fitness Centre, Tennis Court, Restaurant, Café and Lounge, Library, Swimming Pools, Picnic and BBQ areas, etc. Services: 24 hrs Medical Care, Shuttle, Concierge, Pre‐arrival home preparation, Housekeeping, Laundry, etc. Payment Term: Reservation Fee: 200,000 Baht Signing Contract Payment: 25% of total (30 days after reservation) 1st Installment: 20% of total upon completion of the building foundation, concrete, structure and roof structure 2nd Installment: 20% of total upon completion of the roof, walls and first fixings 3rd Installment: 20% of total upon completion installation of the a/c system, sanitary equipment, windows, doors and second fixings Final Payment: remaining outstanding amount upon readiness and occupancy Electricity & Water: Underground electricity & project private reservoir Maintenance Fee: Payable 12 months in advance on the lease registration date Villa: Type A: 6,200 Baht Type B: 6,500 Baht Type C: 7,500 Baht Type D: 8,000 Baht Apartment: 35 Baht/Sqm. Sinking Fund: Villa: 100,000 Baht for every villa type Apartment: 500 Baht/Sqm.

    Property information

  • Launch Price on Hua Hin Thailand investment

    Hua Hin Thailand  -  Announcing a price reduction on Hua Hin Thailand, a 490 sq. m., 2 bath, 3 bdrm multiplex "Various styles ". Now R5,100,000 - Investment in leisure.

    Property information

  • Forecast for residential property in South Africa

    I am sure that many real estate agents have experienced some downturn symptoms in their markets and the common thread seems to be the "wait and see" approach of investors , some testing the waters with rediculously low offers. 

    What will happen in the next few months , well if we had a crystal ball it would make it far too predictable , almost to the point of boredom.

    What we can forecast is that an upturn is in the pipeline , and timing in this market can be critical.

    Further pressure on the economy by credit tightening , rate effect taking hold and inflationary pressure on disposable incomes , will see a market with stock supplies of listed property increasing , forced sale scenarios and possibly short term reductions in selling prices by a few percentage points ( predictions of 4-6% decline in real property prices in certain sectors of residential)

    Listed prices are definitely becoming more realistic and overpriced properties  will not sell in this climate.

    Lower end and higher upper end properties in East London seem to still be quite bouyant , but the large bit in between ( R1 -R1,8mil) is rather flat.

    So what can we expect in the next few months ? Lets sumise a 2% cut in rates leading up to election month 2009 , credit act stability and increased compection in home loans , perhaps some higher risk lenders entering the fray, lead up to world cup 2010, demand increase in the middle to upper income groups driven by increasing wage demands on higher inflation projections. Assuming some easing of inflationary pressures caused by high essential commodities , fuel , food , etc. It is likely a good time to consider buying that property you may need as a family home , investment , holiday home or office.

    Historically countries that host a world cup soccer event always reflect a boom in property of 15-30% in the lead up year , and a few years post world cup.

    Sectors that will benefit may be all property linked to tourism , commercial property , prime residential , and even retail developments , knock ons in all property sectors are likely.

    Time it right and you can make a good investment in the next 3-6 months , but delay too long and the boat may leave the harbour. Choose well , get a good guide and bear in mind that buying right is only 1 small factor in real estate investment , long term returns go way beyond just buying right , property investment will always be a long term investment , short term speculators beware. Of greater importance would be , potential for further development of the property , sub division? , rezoning,suburb developments , income potential , flexibility , legal restrictions , build quality , structure , roof , all which should dicate offer prices.

    We have seen an 8-10 month slowdown , on average only 10% of the time that any property should be held to obtain a good return. 8-10 years is the average home ownership time line don't think short term.

  • Credit act impact not helping South African economy

    The impact of the credit act 8 month on since inception has invoked mixed reactions from industry players in the real estate environment in South Africa. Although the stricter lending criteria has helped stem the flow of credit to unqualified consumers , and possibly averted an overheating credit crunch akin to the USA , the impact on potential home owners has been devastating.

    What is the downside may be the question. Well in an economy that is attempting to redress a situation of the past where home ownership was the domain of an elite minority and under 20% of economically active citizens were contributing to the real estate market as home owners , you now have a check in this process that will have sever implications in the long term.

    Home ownership is once again becoming the domain of the elite , and qualification is now even more stringent and out of reach than ever before in the history of real estate. This is creating a situation where those that may have bought and learnt the dicipline that home ownership and asset accumulation brings , now throw in the towel and rent. The excess income is more often than not directed to frivoulous spending rather than a long term saving strategy , and we now enter the realm of an economy that is not backed by fixed asset ownership , less wealth creation opportunities and certainly not a savings culture that we need to promote.

    The impact of this act has been far too severe and should it not be revised or reviewed , it could cause a major backward slide in wealth creation opportunities for the majority of South Africans entering the economy and starting carreers as tax paying citizens in our economy.

    Industry players and consumers should look a little deeper at the opportunities lost and the future implications before rolling over and accepting all the changes that we seldom get to even challenge. After all our government are only the custodians of the wealth that we create in our country and we need to ensure that our resources are well managed.

  • Overwhelming universe of online options for Estate Agencies

    There seems to be a sudden upsurge in the options made available to Estate Agents and Agencies alike in South Africa , promising to provide you with The best and individual page ranking on major search enjines. The bottom line is however , that although these web hosting options and portals provide you with improved visibility, they are no substitiute for a long term online internet marketing plan.

    Control over your own site , keywords , choosing URL's, back links and many other simple startergies that are within the realm of normal estate agents is the starting point to a successful online presence.

    The reality is that without a thourough knoledge of HTL , RSS , and many of these technological intricacies , you have 2 real options. Point 2 technologies offers you the capability to delve into this seemingly endless realm of online universe , or you pay for each of these services and leave your entire campaign up to an 18 year old cyber yuppie , or Bill Gates wannabe.

    A combination of the 2 options above is probably the best option , and Point 2 allows you to keep a firm handle on the look and feel of your site , as well as enabling you to look at improving ranking , online networking and at least a large majority of the functions required to create a decent online marketing stratergy.

    The plus side of this is relating the business we understand and deal in every day into an online presence that we and our clients understand.

    Simply ploughing thousand of rand into a cyber yuppies account may get you ranked , and your site may be the greatest in terms of its online capability , but is it really portrayig the look and feel of your individual business across the way you want it to?

    Take a look at Point 2 , and yes you will invest time , a very precious resource , but believe me in a world of explosive online growth and digital media dominance , you will want to be in control of your companies online world. http://www.real2me.com/ is your starting point to this online freedom.

    See you on the other side?

    Kevin Harris

    Point 2 community fan since 2004