We strive to give clients a brief concise, well-researched, in-depth news on developments relevant to the Real Estate industry which also affects Hermanus. We update this information on a regular basis.

   PROPERTY CYCLE

While the broad contours of property performance in 2010 are fairly apparent to most, with increased activity and signs of an upswing starting.  The global upturn also seem promising for real estate.

Some investors look at property as less risky than paper investments, being a more tangible investment. The current real estate market in popular Hermanus  shows excellent opportunities for  buyers . Most property owners have seen the long term investment advantage of this town and have over the years made excellent investments. At the current rate of construction cost real value is on offer.Hermanus remains a popular destination and is a winner of many awards. It offers first class facilities. 

 We seem to be nearing the end of the real estate downturn with upturns being reported locally.  As a rule investors in property take a long term view and it remains a sound asset class, more so if buying took place at the end of a down cycle, where the rich and famous around the globe also find rest and peace.

The excellent management at local government level, is surely a guarantee for a sound investment. The municipality remains a front runner for praise worthy awards from financial management to clean beaches. This trend will continue under an able and dedicated work force serving the rate payers and public. Rates and taxes as a result remain low and investment confidence high. Hermanus remains a popular destination and the demand for real estate remains high.

The housing construction sector has as expected experienced a sharp downturn but signs of a recovery is becoming apparent. On the other hand infrastructure and business real estate development has experienced large investment during the downturn which will place Hermanus in a better position  when the upturn is in full swing.

Long term rental properties are in short supply at the moment.

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