This month we have covered a lot of aspects and have spoken to a quite a few experts for their opinion with regards to property and investing in property.
We had Paul Clark, who is a leading attorney with regards to property law in S.A and we covered some of the legal aspects of ensuring smooth transactions. We spoke to Ronell Beredford a leading bond originator with over 20 years experience in home loans, who pointed out the importance of a bond originator. Then we had Michael Pashley a leading property consultant in Somerset West who highlighted the residential property dilemma in the area with few houses been sold and an oversupply of properties on the market. Yesterday I spoke to Jaque De Villers who mentioned that now is the time to have your structures reviewed in terms of trusts, ccs or company's owning property.
My personal opinion is that there is an oversupply of property on the market, auctions are bringing the prices down and should continue to correct house prices, tight credit, costs, affordability, buy to let with yields under 4% make the residential space unattractive. However if it is your personal home and you are buying for the long term then that is different.
Commercial and Industrial under pressure as vacancies and other costs are rising yields at about 11% (Listed Property) International Property Funds fallen by almost 70% in US dollars have recovered somewhat and still provide an attractive alternative to cash earning 0% in Euros and Dollars.
What do you think?
