What is happening to the property market in Constantia?
Rob Downey, who works with the Chas Everitt Constantia Team, has been asked this question frequently and in response prepared this report with a focus on the facts, and less on the wide-ranging opinions on the topic.
Some recent press reports shared on social media are nothing but wild speculation about the current number of properties on the market in Constantia demand a factual response. By researching the figures and looking at the major portals as at 29th January 2020, Rob determined the following from the dominant portal being Property24:
Once promulgated in the Provincial Gazette, new municipal bylaw amendments by the City of Cape Town will allow “short-term letting from a house or flat for a period not exceeding 30 consecutive days for the same guest”.
Johette Smuts from PayProp says that while the amendments might mean an increase in rental in an already expensive city centre, the announcement is great news for landlords, and potentially positive for rental agents too.
By calling for public comment, the CoCT has provided an excellent opportunity for you to directly influence the budget in the direction you want it to go.
We urge you to have your say by clicking the green button below and to encourage everyone you know to participate in this essential process. As an extra measure, DearSA will compile a report from all comments received and will present it to the City to ensure the voice of the public is not ignored.
Please take action and participate now as the closing date is Monday 29 April.
Thank you for participating in your democracy.
The team at Dear South Africa.
The 2019/20 Budget tabled on 28 March 2019 has changes to the way property rates will be calculated in future.
There is an increase from the point where property rates start to be payable. It was increased from R200 000 to R300 000. The Rate in Rand was lowered from 0.007154 to 0.00555. It represents a 22% drop in the Rate in Rand rate.
The nett effect of these changes is that properties that had a property valuation (GV2018) increase of 30% will be paying the same rates as before. Lower than 30% property valuation will see a decrease in property rates. Those with a property valuation increase (GV2018) of more than 30% will progressively see an increase in their property rates bill.
As the New Year approaches, you may find yourself ready to fulfill an important goal; making the dream of owning your very own home a reality! Or maybe you are fortunate enough to be considering a move to a larger home, or the time has come to scale down to something smaller and more manageable!
Where do you start? Many dive right in and start house hunting with no idea what their price range is and very importantly what the added costs are, but if you had an uncle or an aunt in the real estate business you could talk to him or her and get some objective advice. Consider your Chas Everitt Cape Town South estate agent your direct contact to better real estate advice!
Without hesitation we recommend the services of a seasoned bond originator to pre-qualify you and also carry out a credit check on your behalf. Their services are free of charge and eliminates the hassle of shopping around for the best rate by yourself when the moment comes that you find your perfect home. * Should you use them to get a mortgage the mortgage broker will earn a commission from the bank but they are contracted to all the banks so they are totally motivated to get you the best deal.
As a buyer the added costs to be aware of are the bond registration costs as well as property transfer costs. These can not usually be added into the bond amount applied for. These funds need to be readily available before transfer of the property. The costs are dependent on your purchase price.
We have a good selection of starter homes in desirable areas but the best value less expensive houses are frequently sold by us before we ever market them. We have a responsibility to contact our registered buyers before we go to the open market so be strategic in your planning in the new year and register with us to gain a competitive edge. Give us a call to assist you from step A to Z and you could also request an invitation to our Better Buyer Workshop that is held by our marketing manager Andre de Villiers who has 35 years experience in Cape Town property.
As service driven agents we look forward to helping make your dreams a reality in 2019 that is the difference that makes Chas Everitt Cape Town South one of the best real estate companies to deal with in the opinion of our buyers who collectively give us a 4.8 out of 5 star rating – which is something we are super proud of maintaining and improving if we can.
A successful leadership transition in a real estate company is always challenging but over the last six months, a smooth transition has been underway at Devler Estates trading as Chas Everitt Cape Town South.
Sally Gracie, a familiar name in the Constantiaberg luxury real estate market, has replaced her brother, André de Villiers as MD of the well established local franchise that has been trading in the area consecutively as Steer / ERA Steer and since 2006, as Chas Everitt Cape Town South.
De Villiers, who has 34 years of Cape Town real estate experience, will be expanding his social media business eNeighbourhoods.com and is moving to Ireland, however, de Villiers will remain very active in the Chas Everitt franchise retaining the franchise Marketing Manager position.
Bruce Haywood, a popular and experienced figure in the South Peninsula real estate industry remains the Sales Manager and has recently become a shareholder in the business. Bruce Haywood and Sally Gracie enjoy a complimentary working relationship which will continue to serve the business well. Bruce’s knowledge of the territory and the industry, as well as his amiable manner, are a great value to the business. The Chas Everitt team covers a wide variety of markets in a substantial multi-territory franchise, stretching from Observatory to Simon’s Town.
Managing Director, Sally Gracie feels strongly that real estate leadership is too often removed from active selling which inevitably creates a distance between the team leadership and the body of agents. To this end, Sally will remain the Luxury Property Team leader and the resident agent at Stonehurst Estate where she is the longest-serving accredited agent.
“Being at the coalface of real estate sales every day is important to both Bruce and me, and with the experienced administrative support we have, we are able to guide our sales team with credibility as successful salespeople in management, not management people just talking about sales. One may be surprised to know how uncommon that is in this industry and what a difference it can make,” said Gracie.
Prior to starting in real estate sales in 2008, Gracie worked for Southern Life Properties, as a Centre Manager at Durbanville Centre. Later, she was involved in managing both residential and commercial property for German-based Investment buyers and also worked for the British Consulate in Cape Town, heading up their management division, overseeing the housing and office compliment for the diplomatic staff.
Sally Gracie has introduced a new ‘Team Leader’ structure which will be a key to Chas Everitt Cape Town South extending coverage of the large franchise area. The ‘Team Leader’ structure will benefit experienced agents who can grow their own positions in the business, and effectively grow new agents (interns) to the industry. This structure aims to provide an extra level of hands-on sales support to new agents. Significantly, this structure is directly based on Sally’s own proven success with a Team Leader position. One of Chas Everitt’s Master Agents, Joan Ross has been the first to embrace this opportunity and will build her team in the Diep River to Kenilworth area.
Chas Everitt Cape Town South has always been at the cutting edge of technology and embraces change. According to Sally Gracie that innovation is a key ingredient in making the real estate franchise strong and different. “As a consumer solution orientated business there are some very exciting changes ahead,” she said.
Chas Everitt Cape Town South will be opening the fourth office to their physical presence in the Newlands / Rondebosch area next year.