28 November 2009

Saturday Open Thread - The Great Real Estate Agent Cull

Sea Point reporter JP wrote in
Noticed today 3 estate agencies are now empty - Anne Porter, ERA and Chas Everitt. Not sure if they closed for good or moved to smaller offices..

What's the status of the Great Real Estate Cull in your area?

25 November 2009

Senator Park: "Needs Some TLC... And A Bulletproof Vest"

Here's an ad for a bachelor in Senator Park, in Long Street:
Bachelor Flat overlooking Long Street.
Needs some TLC
Great Investment Opportunity
But before you put in that offer...
Senator Park - 'hell hole of a place'

"Sometimes you hear terrible screaming and the next day you see blood all over the walls."

It's just one of the horrors a Senator Park tenant has experienced in the "hell hole of a place".

The tenant in the Keerom Street building, who does not want to be named for fear of reprisals, said despite attempts by security services and managers to curb problems, the situation had become unbearable.


So yeah.. needs some TLC... and a bullet proof vest when you go to collect the rent.

13 November 2009

Royal Carlisle: Early Buyer? You Just Lost R100 000.

Remember Royal Carlisle? They're STILL trying to sell units, despite being "80% sold out" after the block was completed in May 2009, by basically admitting that early buyers (who bought for between R650 000 - R690 000) just watched R100 000 - R130 000 vapourise into thin air.

07 November 2009

Selling Season Start Open Thread

It's the beginning of the traditional Summer selling season in Cape Town. Lots of stock coming onto the market means lots of stock has to sell or languish during winter when the winter lull in March rolls round. It's make or break time for a lot of agencies.