Happy Spring

Spring is a time for hope and the promise of better days. The same optimism is tangible in financial markets after the recent municipal elections. The rand strengthened considerably and saw growth against most foreign currencies. The effect on the local property market was profound. Many buyers who had previously adopted a wait and see approach are now committing to their property purchases. Smiths Property Group saw a renewed surge in sales at Emberton Estate in Hillcrest over this period. Sales now exceed R220 million! At Cotswold Downs, our agents sold 10 properties in a ten-day period. This is a phenomenal achievement and an indication of the confidence that the market has in the Estate. Interestingly, a significant percentage of enquiries that we receive are from overseas investors. Not only is South African property dramatically less expensive for them than it was five years ago, but investor sentiment (particularly from expats in Dubai & the UK) suggests a feeling of excitement for imminent change. The only way to truly benefit from this shift is to strike before this surge becomes common knowledge and prices adjust accordingly. We have some fantastic investment opportunities in Gated Estates across KZN and are about to launch a magnificent beach estate in Ballito. Visit us at the Smiths office on the First Floor of the Cotswold Downs Energy Centre to get a sneak preview or to secure a site prior to launch. Wed be happy to discuss your investment options over a cup of coffee.