“Investment in South Africa’s commercial real estate market produced double-digit nominal total returns of 13%, the SAPOA/IPD Property Index for 2008 shows. However, once last year’s high inflation rate of 11,5% is factored in, these returns equate to inflation-adjusted ‘real returns’ of just 1,3% for 2008. Nominal returns on property values dropped far below the 27.5% which 2007 yielded and were the lowest recorded since 2002. Equities and property equities suffered a defeating -23.2% loss in 2008 whilst the JSE PLS Index returned -2.3% and the JSE PUT Index returned -9.7%.”

However the return on commercial property has been in the positive range of 13%, “We have not witnessed the rapid re-pricing of real estate that is being experienced elsewhere, certainly not on the same scale. Property fundamentals are still coming through quite strongly. However, it is important to bear in mind that the inflation-adjusted total returns, at 1,3%, were modest compared with the average annualised real return of 9,3% over the last 14 years,” said IPD South Africa MD Stan Garrun, who spoke last week at the SAPOA/IPD Property Index launch 2009, in Johannesburg,

BRT-Bus,CTU Rail & Taxi links

In an uncertain world that it quite a vote of confidence. Given the strikes and local temporary shut downs, you could think this was unfounded, however the 2010 engine is still driving forward and with rumours of a new larger project involving transport in the western cape circling within provincial and government circles worth in the region of R80Billion (£6Billion).

New Bus System

On the rest of the industrial and commercial properties, the news  is positive news and a great way to start the Q3.With the strikes having been resolved the new bus rapid transport system back on track, with the stadiums to due to be handed over to the LOC by year end the situation is looking good.

“Last year’s performance was led by the industrial-property sector, which recorded 18,1% total return, followed by offices with 14% and retail at 11,1%.

Income returns for industrial and offices were 9% and 9%, respectively while retail provided 7,8% to produce the all property average income return of 8,3%.

The strength of capital growth differed more widely across the sectors. Industrials led the way, returning 8,4%, followed by offices, at 4,6% and retail, at 3,1%, to produce an average of 4,4% compared to 17,5% last year.

All property yields moved out by 20 basis points over the 12 months, ending December 2008 at 7,7%.” source quoted : Dennis Ndaba,Engineering news

“Demand is outstripping supply across the UK housing market, with estate agents registering four house hunters to every available property.
The monthly market survey of the National Association of Estate Agents found that the average branch had 299 house hunters on its books in May – up from 265 the previous month and 247 in May 2008.

The average branch had 69 properties on its books. For the second month running estate agents also reported a successful selling period.

The average branch sold 10 properties, a 30 per cent increase on the same time last year and double that sold on average in August 2008.” – According to the house fund, industry web site

Contact  Chase Devonshire on 0207 740 1770 for your property ,investment or tenancy queries and get your dream property!

“We are also witnessing the same symptoms as we did when we came out of the last recession in the early 1990’s. Firstly, with the London market and activity picking up initially and then rolling out to the Country and secondly, the middle market reviving and the top end remaining problematic. When house prices started to fall in 2007, it was the mainstream market that was hit first and the top end (£3m +) continued to perform well until March 2008. The top end is now behind the curve and continuing to suffer, which has happened in every previous recession – and it is the mid-market that is beginning to recover”. – according to a leading property blog

Contact ChaseDevonshire today to list, sell or manage your property.

You could be free to focus all the energy on developing the portfolio instead of dealing with time consuming,labour intensive and expensive maintenance issues.

Please feel free contact ChaseDevonshire to discuss how you could save money and energy, making your life easier in this new year.

To talk to someone face to face about your unique needs please call our new business specialist, Denis on  020 7740 1770or email us on info@chasedevonshire.com

Zehlendorf is Berlin’s wealthiest district. The apartments have been refurbished to a very high standard. The beauty of this investment is that first, it is done on the German way, all squared with absolutely no shadows of any kind. You can buy an investment property in the best areas of Berlin, with 10 years premium package including 4% net-net yield for the next 10 years 10 years facility management 10 years rent management 10 years payment into sinking found 10 years repairs and maintenance With a range of properties between 64.000 euros and 230.000 euros, you can really choose the best for your situation. There’s an option of mortgage directly with a German bank for 50% of the all price (guaranteed with the rent income for 10 years). Have a look at the website www.chasedevonshireproperties.com

http://www.chasedevonshireblog.com/exclusive_property_for_sale

Fantastic investment in a prime location of Berlin. Vineta Art-Carree is located in Prenzlauer Berg, which is the most fashionable district of Berlin. in a 1930 building entirely renovated at a high standard. Perfect investment for private investors including: 10 years guarantee for rent, maintenance and modernization. 100% freehold ownership. The beauty of this investment is that first, it is done on the German way, all squared with absolutely no shadows of any kind. You can buy an investment property in the best areas of Berlin, with 10 years premium package including 4% net-net yield for the next 10 years 10 years facility management 10 years rent management 10 years payment into sinking found 10 years repairs and maintenance With a range of properties between 64.000 euros and 230.000 euros, you can really choose the best for your situation. There’s an option of mortgage directly with a German bank for 50% of the all price (guaranteed with the rent income for 10 years). have a look at the website www.chasedevonshire.com for properties

Exclusive Gibraltar Property

Tradewinds

This Friday, the accounts team at Chase Devonshire will be participating in a charity night walk around London in aid of ‘Maggie’s Cancer Caring Centres’. Angela, Ania and I will be starting in the evening for a gruelling 20 mile hike which will finish in the morning.

Therefore, we are seeking sponsorship where 100% of the donation goes directly to ‘Maggie’s Cancer Caring Centres’. Any donation large or small would be most appreciated. You can make donations online at the address below.

http://www.justgiving.com/scottantonycurrie

Registered charity number: SCO24414

On behalf of the three of us, we would like to thank you for your support.

Scott Currie

Berlin property – not just for today, but for your future!

You have a unique opportunity to attend a presentation at the London Chamber of Commerce on 25^th September and hear directly from our German partner who can answer all of your questions. 

The key to good investment is timing.

 The right investment at the right time in the right location

The Berlin property market has recently become one of the most up-and-coming and emerging capital city property destinations, with property prices per m², one of the lowest of all of Europe’s capitals.  Only 14% of Berliners own a property in Berlin, therefore presenting first-class opportunities for investors from a potentially huge rental market

It is not only Chase Devonshire that has forseen Berlins potential: the worlds biggest and most influential investment companies are buying thousands of apartments.

Goldman Sachs and Cerberus Capital Management alone have bought over 60,000 apartments in the city.

These companies don’t just forsee growth, they create it!

One of Europe’s fastest changing and most constantly evolving countries, Germany is attracting a wealth of investors in search of great priced properties in Berlin before prices dramatically rise as one would expect from a capital city.  Record levels of investment into the city are changing the face of Berlin in order to welcome another record growth year for this dynamic and attractive destination.

Contact us now to reserve your place.

Tel: 020 7064 9723              Email: denis@chasedevonshire.com 

Timing is a major factor for success in property investment and the time is right to buy in Berlin.

Prices are at the same level as they were in London, Dublin and Paris 18 years ago.

There is no other European city where you can buy high quality apartments in the city centre for

less than € 2,000 per square meter.