Top real estate property investments in South Africa

Notwithstanding the present economic condition throughout the world, South Africa stands firm in its real estate investment area and according to the study made by the investment experts, the prime real estate property still remains undervalued. With the positive result of the recent elections and the hosting of the 2010 FIFA World Cup, South Africa has always presented a stable economic condition especially the real estate market. When you buy an investment property in South Africa, you first need to consider ‘how much house can I afford” before investing your money. Though the South Africa real estate market seems to have consistent graph, yet there may be risks about the best investment property in South Africa. With the present real estate conditions, experts are of the opinion that there is likely to be rise in the real estate property prices.



Why is there an anticipated rise in the property prices?

As the experts are of the opinion that there will be expected rise in the property prices in South Africa, this has prompted more and more international investors to invest in the South African real estate properties. There are some particular properties that are expected to appreciate in due course of time. These places have invited most investors throughout the globe. Some such places include the Western Cape which is a place that attracts the highest number of tourists in a year and stretches from St. Helena to Durban. The coast line of this place has always been a favorite spot for foreign investors as the atmosphere is serene. The price of this property is low and therefore it attracts real estate investors from all places across the world.

The prime property places are at hand for the investors to invest during the perfect opportunity. With the wine and olive guest farms that are full of dams and spring water from the mountains are the reasons that attract so many real estate investors to the southern tip of Africa.

Potential of the real estate investments to earn income

It is not that the real estate investments in the South Africa do not have the potential to generate enough revenue. Each and every hotspot of the foreign investors has the ability to generate enough amount of revenue, thereby decreasing the economic load on the buyer of the property. The Cape wine exports have been affected suddenly with the economic meltdown increasing the global trend that has resulted from the weakness of the African currency.

Therefore, with such positive reports of the South African real estate market, it is imperative that investors will hover around for investing in this market. It is important for them to consider ‘How much house can I afford” so that they do not invest in something that they cannot bear financially.

Job Prospects Good for Property Market

A positive employment outlook is always a nice booster for both the South African property market and job prospects in S.A. Although an increase in employment does not necessarily mean a rise in property prices, it generally means an increase in the number of sales.

According to the Manpower employment outlook survey South African is amongst the country with the strongest first quarter hiring prospects in 2008. Several sectors, such as construction and finance, insurance, real estate and business services are continuing to benefit in hiring terms from infrastructure development and the build-up to the Soccer World Cup 2010 tournament to be help in S.A. South Africa's seventy biggest companies and members of business leadership SA, have now committed themselves to making skills development a priority in their business and to build closer relationships with educational institutions.

This is a big, bold and awesome move on their behalf, as this will ensure that there are qualified people to fill the new positions that are being created and in time will also enable even more people to purchase their own home.

Development in South Africa, it's a must. I'd like to see some ideas and stories from people out there? Give us your thoughts!!!

South African Property Market 2008

So with tonight being the last night of 2008 it's time for the SA Property Market 2008 prediction :)... Sounds like fun, lets see how accurate we are. For those of you sitting at home waiting for some new BLOG posts, lets hope this keeps you somewhat, entertained.

Roundup of 2007
There's been some major changes and impacts in the South African Property market over the last 12 months. We've seen the rise and fall of some of South Africa's supposed fraudulent bond originators especially the story of Rudco Finance which the SA Property Team followed extremely closely. I just want to say though, that it's great to finally see South Africans standing up for their finances. It seems gone the days where fraudsters would just walk over us. A good positive to take into 2008.

Of course, who could forget the introduction of South Africa's National Credit Act. This amazing introduction by the government and financial lending boards has brought a stop to the reckless lending of credit. There was a stage when South Africans were in such financial debt, and didn't realise it. Well, we do know. And financing your property is no longer as easy as filling in a form.

We of course had the lovely problem of inflation, which after reading the Sunday Times news paper this morning does not seem to have been fixed yet. South Africa, under immense pressure, with an inflation rate sitting at around 6% is now feeling the brunt on our home loan interest rates. Interest rates have increased 4.5% over the last 6 months with talk of another 0.5% increase in the next quarter.

So after writing this article, I've decided that instead of predicting 2008's behaviour, I'm going to leave you with some tips, especially for the youth, and those looking to invest in property for the first time, in South Africa, and wherever you may be!

Tip 1 - Don't over expose yourself with too much credit! Credit is good, but make sure you have at least one account with a reputable store like Edgars.

Tip 2 - Don't buy property to your limit. I know we all want that 3 bedroom house in Clifton, but start small and work your way up! A site like myroof.co.za or privateproperty.co.za are great sites, no need to pay estate agent commission fees either.

Tip 3 - Use a reputable bond originator and someone whose a GOOD and RELIABLE financial advisor! - See Wizard Home Loans.

Tip 4 - If you're in Debt already and you are listed, make use of services such as The Debt Doctor, who provides free financial advise to those who can't afford to pay for it.

IF YOU WANT A GREAT BOOK WITH GREAT ADVICE - Buy the Suze Orman book advertised on this site - http://www.wizardmidrand.com/home-loans/debt/debt-doctor.html.

So that's that folks. Have a wonderful New Years and be SAFE!!!!

WizardMan Out for 2007!

2007 season coming to a close!

It's time for me to do a bit of an early round up for the year. It's been a year of excitement and passion and LOADS of fun. It's been a year that's taken Wizard Home Loans into new and exciting grounds and I'm glad that I was a part of this. Wizard Midrand's website is officially in the top 10 home loans sites on the South African web right now and along with our very own South African Property BLOG we're now a major force to be reckoned with. With the help of the Wizard Staff this BLOG has swiftly become one of the leading property and finance portals on the South African BLOGOSPHERE.

There are a couple of sites and people I'd like to mention here. Amatomu, thank you! You guys have really helped generate alot of traffic and alot of responses to my posts. In fact at one stage the 5 hits a day I was getting from Amatomu was the most traffic I was getting from any site other than Blogspot ;-)... Viva South African blogs.

I did thank a couple of people earlier on in the year by sending them a hamper but I thought I would say thanks to the lot of them again for their continual support:

1. South Africa BLOG - http://www.southafricablog.co.za/
2. RLDaly - http://rldaly.wordpress.com/
3. Cape Town Daily Photo - http://www.capetowndailyphoto.com/
4. CharlNet - http://charlvn.za.net/
5. Property Loan - http://www.propertyloans.co.za/
6. Live The Life - http://www.actionsport.tv/wordpress/
7. Wildlife Property South Africa - http://wildlifepropertyinsa.blogspot.com/
8. Webtrepreneur.co.za - http://www.webtrepreneur.co.za/

I good old thanks to all the BLOG sites out there that's I've left out. Maybe a little more push from your side next year and we'll send you something ;-) who knows!

This is something I've been wanting to do on this BLOG for a while and that's mention a ULTRA special thanks to Mr and Mrs Wizard Midrand (Pictures at the top of this post if you're wondering) for giving me the opportunity to take Wizard online and bring a new dimension into their business, p.s. and for paying for my flight to the Las Vegas Webmaster World Conference :)))))

These two people are amazing directors, fathers, mothers and an inspiration to not only me but everyone that comes into contact with them. They are my driving force and my guides. It's because of him that my other ventures:

http://www.ivolution-seo.com/
http://www.homesouthafrica.com/
http://safari-travel.blogspot.com/
http://southafrica.amagama.com/

have all started up. (keep posted ladies and gents there's loads coming on board next year).

So to Mr Green. Thank you and I look forward to next year!!!!

Finally a good old thanks to all my loyal readers. Thank you for making this BLOG one of the most successful property BLOGS of the year. Have a blessed year and a great festive season.

WizardMan Out!

SA Property - Free Property Courses Online!

Happy Tuesday morning to you all... Why am I so happy you may ask yourselves, well firstly my website is finally averaging over 100 hits a day. I know it doesn't sound like alot but I'm ecstatic.

Secondly I found out that Thursday is a public holiday in South Africa, which means SA Property gets to play golf of Thursday morning. Wooohoooo....

Thirdly, after much debate and chatting with the powers at be, SA Property will be putting together the first FREE ONLINE PROPERTY COURSES. This will include manuals and course material for South African property buyers, South African property sellers, South African mortgage originators, South African property attorneys and anybody else interested in property laws, regulations and the like.

It's an initiative that I hope will make SA Property Blog the number one Property BLOG in South Africa for good informative material and real estate related news. If there's anything you'd like me to add or would like us to discuss please feel free to comment on this post.

Thanks to all involved and keep posted people, it's going to be awesome!