RAWSON DEVELOPERS TO GIVE NEW LIFE TO CENTRAL RONDEBOSCH COMPLEX
Rawson Developers have purchased one of Rondebosch’s landmark buildings, the three storey Porter House in Belmont Road. The seller was the Imperial Motor Group. The price paid has not been disclosed, but Paul Henry, the MD of Rawson Developers, has revealed that with the proposed conversion and additions to the existing building the total cost of the new project will be in the region R65 million. Further details will be released shortly.
RENEWED OPTIMISM IN THE UK PROPERTY MARKET
A member of Rawson Properties’ staff who returned from a short stay in the UK said, on reporting to Rawson’s MD, Tony Clarke, that the UK property press is saying, “almost word for word” exactly the same as SA press on property matters – and, he adds, as in SA, those companies now propagating a more optimistic view are, as here, accused of “trying to talk the market up”, even though there is now clear evidence that the bottoming out phase has been reached. Read more…
BILL RAWSON STILL SEES SIGNS FOR HOPE
South Africa is unlikely to see another residential property boom in the foreseeable future and a full-scale revival in residential property is probably two to three years off, says Bill Rawson, Chairman of Rawson Properties – but, he adds, the turnaround point and the beginning of the upswing have already been reached and several encouraging signs are now already evident.
Read more…
LANDLORDS’ RIGHTS ON RENTAL PROPERTY ARE CLEARLY DEFINED IN LAW
The whole question of the condition of a property that is to be rented, or has been rented and is about to be vacated, can be highly contentious, says Errol King, Rawson Properties franchisee for Muizenberg, and, he adds, precautions have to be taken to ensure that both the landlord and the tenant meet their obligations. Read more…
RENTING OUT OF ROOMS IN YOUR HOME ONE WAY TO BEAT THE RECESSION BUT BEWARE THE PITFALLS
The recessionary conditions in SA have resulted in more and more homeowners renting out parts of their homes (i.e. one or more rooms) to supplement their incomes, says Tony Clarke, MD of Rawson Properties, and, he adds, there is a growing demand for this type of accommodation.
COMMERCIAL LESSEE BEWARE: CHECK YOUR CONTRACT TO ENSURE THAT IT TIES IN WITH YOUR WISHES
A recent court case has shown how absolutely essential it is for a tenant in a retail/commercial centre to understand in full the conditions under which he signed his lease.
Drawing attention to this case, Tony Clarke, MD of Rawson Properties, said that a pharmacist had bought an existing pharmacy in a mall complex and had then signed a lease in which, as in the previous owner’s lease, he was guaranteed that his would be the only retail of its kind in the centre. <!–more–>
LATEST DATA GIVES REASONS FOR OPTIMISM
Property trend analysts are impressed that in the first week of April mortgage loans granted in the US were 77% up on the April 2008 figure.A similar, though not quite so spectacular, rise was recorded in the UK for the same period. Read more…
CAPE COASTAL PROPERTIES NOW AT BARGAIN PRICES
Although he has, he says, “grown a little weary” of the current trend among estate agencies to claim that their area is bucking the trend and resisting price falls better than most, he himself cannot resist at this point in the property cycle giving one piece of advice, says Tony Clarke, Managing Director of Rawson Properties.
“Have a good look at the small Cape coastal properties,” said Clarke. “Right now there are many incredibly good bargains to be had here.” Read more…
ANOTHER RECOMMENDATION TO BUY INTO SA RESIDENTIAL PROPERTY NOW
The first half of this year will be a good time to buy residential property, says Tony Clarke, Managing Director of Rawson Properties.
Repeating this message for the third time in as many weeks, Clarke said,
“While it is true that none of us can tell when the market will bottom out, there is also a danger that those who wait too long will miss the boat and find themselves buying on a rising market. Right now, in my opinion, the buying opportunities are excellent and although small drops are still possible, these do not alter the basic message.” Read more…
REPAY YOUR BOND ABOVE THE STIPULATED INTEREST RATE, ADVISES RAWSON MD
With interest rates likely to drop by 2,5% over the coming year, homeowners should seriously consider “biting the bullet” and continuing to pay their bonds at the existing rate.
This was said recently by Tony Clarke, MD of Rawson Properties, who, on being asked for his advice for 2009, said that this was probably the best tip he could give any current homeowner.
“Build your equity on your main asset, your home. That is the road to future wealth,” he said. Read more…
