When talking about property for sale on the Cape West Coast, Harcourts Managing Director Richard Gray asserts that development of the business development zone (IDZ) at Saldanha will have a constructive effect for the local residential market.
"The industrial stimulus from the investment in energy will have a positive effect on property for sale right across the Western Cape, and for Cape Town in particular", claims Gray. With the mining and energy investment springing from the industrial development zone, Gray claims that finally the regions economics will be underpinned by energy, and this may attract a totally new set of business to the region, each one of them employing staff who will be desiring to buy property for sale.
"For the subsequent 20 years or so it can be predicted that the IDZ will be a big economic driver, and the resulting prices received for property for sale will reflect the requirement for housing from the energy sector. " Gray continues, "Harcourts is fielding enquiries from potential speculators who see that property for sale in the Western Cape is an expansion industry because of a shortage in residential housing stock. Investors are asking Harcourts, where they can buy real estate for redevelopment, many investors are taking a look at property for sale with a view to a BTL investment opportunity. "
When asked questions about the kind of houses that may doubtless be in demand, Gray says that the start line for many stockholders looks higher density housing units, "In expectation of young, skilled workers seeking accommodation, investors are looking out for development opportunities where there is property for sale within a commutable distance from industry locations. "
Gray says that the banks are on-side for speculators and first house purchasers on the Cape West Coast, "Recently the banks have eased their lending conditions when referring to property for sale where a buyer has a great credit history, and also by allowing lending to a higher share of a property value. "
The initial result on property for sale in Western Cape where banks have eased their lending terms has been an increase of activity in medium priced houses, Gray says that Harcourts has seen a trend where existing householders are upgrading to a bigger or better property. "In the short term, the impact on residential property for sale on the Cape West Coast has been a market correction, whereby home owners judge the time is correct to upgrade their home, however we have not seen much activity at the upper end of the market where activity around property for sale in excess of R20m has remained stable. ".
"The industrial stimulus from the investment in energy will have a positive effect on property for sale right across the Western Cape, and for Cape Town in particular", claims Gray. With the mining and energy investment springing from the industrial development zone, Gray claims that finally the regions economics will be underpinned by energy, and this may attract a totally new set of business to the region, each one of them employing staff who will be desiring to buy property for sale.
"For the subsequent 20 years or so it can be predicted that the IDZ will be a big economic driver, and the resulting prices received for property for sale will reflect the requirement for housing from the energy sector. " Gray continues, "Harcourts is fielding enquiries from potential speculators who see that property for sale in the Western Cape is an expansion industry because of a shortage in residential housing stock. Investors are asking Harcourts, where they can buy real estate for redevelopment, many investors are taking a look at property for sale with a view to a BTL investment opportunity. "
When asked questions about the kind of houses that may doubtless be in demand, Gray says that the start line for many stockholders looks higher density housing units, "In expectation of young, skilled workers seeking accommodation, investors are looking out for development opportunities where there is property for sale within a commutable distance from industry locations. "
Gray says that the banks are on-side for speculators and first house purchasers on the Cape West Coast, "Recently the banks have eased their lending conditions when referring to property for sale where a buyer has a great credit history, and also by allowing lending to a higher share of a property value. "
The initial result on property for sale in Western Cape where banks have eased their lending terms has been an increase of activity in medium priced houses, Gray says that Harcourts has seen a trend where existing householders are upgrading to a bigger or better property. "In the short term, the impact on residential property for sale on the Cape West Coast has been a market correction, whereby home owners judge the time is correct to upgrade their home, however we have not seen much activity at the upper end of the market where activity around property for sale in excess of R20m has remained stable. ".
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Harcourts S. A. offer property for sale, land and homes up for sale, rentals and commercial leasing, rural property sales, life-style real estate and business across SA.
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