PROPERTY 24
Despite Stats SA announcing that Consumer Price Inflation (CPI) decelerated from 7% year-on-year in February to 6.3% in March, food costs this March were nearly 10% higher than in March 2015.
This is according to David de Waal (CA(SA)), CEO of Steeple, who says the reduction in CPI for March is largely due to a 5% petrol price cut, and, although welcome, is unfortunately probably not the start of a series of monthly reductions.
“The Reserve Bank will still be under pressure to raise interest rates this year - especially if a downgrade happens - so we don't expect the property market to start improving soon,” he says.
De Waal says Consumers are under financial pressure, and may elect to rent instead of buy or opt to purchase a cheaper property.
“We’ve also seen many sellers switch to our low commission estate agency service so they can afford to reduce their selling price - and make a sale more likely - without impacting their back pocket,” he says.
“The property market is still alive, but there is a far greater chance of it getting worse than getting better. The elephants in the room - downgrade, Zuma's presidency and elections - will ultimately decide our fate.”
However, De Waal says it is not all doom and gloom, and there are still opportunities within the local market if you do your research.
“Property investment is a long-term commitment, and short-term factors should not deter sellers and buyers from making intelligent investment choices,” he says.
Cliff Jacobs (Nat Dpl Hotel Man (UJ). MPRE. GA Level 5 TEFL) Managing Principal / CEO Exquisite Hotel Consultants (Pty) Ltd Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951 Email: cliff@exquisitehotelconsultants.com Web: https://www.exquisitehotelconsultants.com © All rights reserved Terms and Conditions apply Scroll down to view our Hospitality Properties and Businesses for sale or lease or lease-to-buy or partnership arrangement or management agreement arrangement.
Name: BondExcel Mortgage Origination
We interface with all of the major banks in South Africa to ensure that you get the right home loan solution at the best possible rate.
Looking forward to assist you with your home loan application!
Name: Businessentials For Hospitality Hospitality Consulting, Accounting, Bookkeeping and Payroll Services
Name: Capital Efficiency Group Corporate Finance, Tax & Accounting and Treasury Services.
Attorneys, Notaries and Conveyancers
Name: D E I R D R E R E N N I E R S Interior Design Interior Design
Name: De Leeuw Valuers Cape Town Property Valuation Services
Name: E C Mobility International property, law and immigration
Name: Edward Tokolo Kasete Real Estate Specialist - Our Associate in Namibia
We offer an international platform of specialist hospitality property and/or business brokering services by listing and marketing for sale or lease or by investment partner arrangement or management agreement arrangement of a variety of hospitality products (i.e. hotels, resorts, boutique hotels, guest houses, guest lodges, B&Bs, game resorts, wine farms, yachts, cruise liners, etc) through our association with EC Mobility (in Portugal and Spain), BON Hotels (Africa), Giovanni Conti (Italy, North and East Africa, Sri Lanka), Nuno Boquinhas (Portugal, Azores, Madeira, Mozambique), Property 24, Seeff Property Services, Harcourts, Realnet, RE/MAX, Dogon Property Group, Rawson Estates, among many other prominent commercial estate agencies throughout Southern Africa - and now we are entering other African Countries on the East and West Coasts of Africa and moving further abroad! To date, Exquisite Hotel Consultants has a presence in over 80 countries - and counting...
Working with the above-mentioned agencies and others provides the largest possible reach nationally and internationally for all prospective buyers and sellers wishing to enter or exit the Hospitality Industry.
Sister websites have been opened in the following countries: United Kingdom: see www.exquisitehotelconsultants.co.uk, and in Germany: see www.exquisitehotelconsultants.de, and in the United States of America: see www.exquisitehotelconsultants.us.
Please note that several of our hospitality properties and/or businesses for sale or lease or through business partnership arrangements or management contracts are officially "Off-Market" - mainly for privacy reasons. Therefore, they are not listed as part of our hospitality properties/businesses for sale or lease stock. Please contact me for further details.
Should you be considering to sell or buy or lease or obtain a partnership arrangement or management agreement arrangement for your hotel, boutique hotel, resort, guest house, B&B, game lodge, game resort, guest farm, yacht or cruise liner etc, I would be most pleased to provide you with further details of our way of working to effectively market and sell your property(ies) and/or business(es).
Name: Electrolux Professional Food Service, Beverage and Laundry Solutions
Electrolux Professional is a leading global provider of foodservice, beverage and laundry solutions, serving a wide range of customers globally, from restaurants and hotels to healthcare, educational and other service facilities.
Name: Exquisite Hotel Consultants' Hospitality Training Department Learn to speak Hotel English (one-to-one online course)
Our TEFL trained tutors teach the following functions
The course consists of 21 lessons (4 to 5 one-hour lessons per month).
Name: FVE Interiors Interior Design
Name: Healing Earth Hotel Amenities - inspired by Africa
Name: Hospro Hospitality Consultancy and Procurement
Name: Hotel Revenue Management Revenue (yield) Management
Online room inventory Distribution & Rates optimisation
Implementation of Best Available Rate (BAR), in conjunction with point 1 & 2
Name: Indigo Real Estate Agency Real Estate Agency - Our Associate in Mozambique
Name: Lisa Dunn - Tourism Grading Assessor Tourism Grading Assessment
Name: Ooba (Pty) Ltd Mortgage Origination
ooba offers you:
Name: SK Sambu Tours & Transfers Johannesburg based Tours & Transfers Operator
We look forward to being of service to you.
Kind regards
King Sambu
Name: Soul Private Collection Hotel Management and Marketing
Name: The Dumb Butler Hospitality Suppliers Hotel Linen Suppliers
LUX Award Winners 2021 for The Best Hospitality Suppliers. We are a proudly South African brand established in 2006.
We Supply:
Name: The High Street Auction Company
Property Auctioneers
Appreciating Property Value
Name: Touch Point Retail Smart Interior Design
Cliff Jacobs (Nat Dpl Hotel Man (UJ). MPRE. GA Level 5 TEFL) Managing Principal / CEO Exquisite Hotel Consultants (Pty) Ltd Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951 Email: cliff@exquisitehotelconsultants.com Web: https://www.exquisitehotelconsultants.com © All rights reserved Terms and Conditions apply Scroll down to view our Hospitality Properties and Businesses for sale or lease or lease-to-buy or partnership arrangement or management agreement arrangement.
2019-07-09 23:45
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