With the 2010 World Cup soccer being held in South Africa in 2010 property investors, speculators and property owners are keen to see what will be happening to property prices in the run up to the cup.
All over SA, we are seeing the upgrading of various infrastructure.
So far the tournament is the single biggest catalyst that is triggering major infrastructure investments in South Africa.
Major projects are underway with the multi million rand Gautrain project, the Green Point Stadium, the Coega aluminium smelter and the billions allocated to the construction of the new King Shaka International Airport at La Mercy in KwaZulu-Natal.
Well how will this benefit property prices and when?
The first major benefit to the property industry will be demand for accomodation for corporate lettings linked to 2010 infrastructure projects.
The global slow down has recently put pressure on property prices in South Africa which had seen phenomal growth up to mid 2007.Analysts are predicting an upswing towards the end of 2008 begining 2009.
Property agent, Ashley Den Breeijen of Re/max advises clients that are thinking of selling to hold onto there properties for at least another year.
The market is also at present ripe for the picking and investors on the lookout can snap up great deals in this current buyers market.
If you have the money buy now, according to Ashley who has years of experince in the property arena.
Post World cup will see properties still benefiting as South Africa hopefully reaps the benefits of this massive marketing coup for our country.
Ashley Den Breeijen heads up a real estate team called the Husband and Wife Team in the Blaauwberg,
Cape Town areas.
You can visit his website at husbandandwifeteam
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Husband and Wife Team at RE/MAX selling property in the Blaauwberg, Table View Area.
Multiple award winning estate agents known for there strong internet brand and must see personal website.
The Husband and Wife Team have won the coveted platinum award three years in a row. 2005, 2006, 2007.
Membership of the RE/MAX platinum club is one of the highest single year commision honours that Re/max bestows upon a sales associate.
Ashley and Izelle are well known estate agents that service the blaauwberg area.
There area includes, Milnerton, Melkbos, Sunset Beach, Big Bay, Parklands, Bloubergstrand and Table View.
Check out our website at husbandandwifeteam
Mon, Oct 26, 2009
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