Back in September we showcased a 1 bedroomed flat in Century City going for R799 000 with a horrendous 2.2% ROI if you bought it with cash. Now it's price has dropped R20 000 to R780 000 but what is now extremely interesting is that the rent earned has suddenly gone up R500 from R3000/month to R3500/month. That smells extremely fishy.
21 November 2007
Century City: Asking Prices Drop
Back in September we showcased a 1 bedroomed flat in Century City going for R799 000 with a horrendous 2.2% ROI if you bought it with cash. Now it's price has dropped R20 000 to R780 000 but what is now extremely interesting is that the rent earned has suddenly gone up R500 from R3000/month to R3500/month. That smells extremely fishy.
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