Showing posts with label south africa. Show all posts
Showing posts with label south africa. Show all posts

03 May 2012

What The Hell?

From the latest Lightstone quarterly property report:


Is the Western Cape property price inflation about to go through the floor? And why has it diverged so far from the national average?

25 December 2011

Christmas Sunday Open Thread

I'm somewhere in the Garden Route dodging for sale signs on golf estates, but it's still time for the open thread - Christmas edition!

24 November 2011

The Orangerie: The Bloodbath Continues

Back in January we wrote how apartments in The Orangerie, which had been initially sold for well over R3 million were being sold by the developer for R2 850 000. It seems since then time has not helped those prices recover.

This ad is a new listing for a 2 bed apartment in The Orangerie.

The asking price? Now down to R2 500 000.

22 November 2011

Rare Sale In Execution In Sea Point Spotted

Sea Point Reader-in-Chief PJ writes:
Spotted a rare notice of a Sale In Execution on an apartment in Sea Point in a block called Oakholm. Usually the process never gets that far because a buyer usually steps in beforehand. Not this time...

17 November 2011

03 November 2011

Your Architecture Is Sad: Sea Point


There's bad architecture... and then there's sad architecture. This 3 bed house in Sea Point sent in by reader PJ is a prime example of that. PJ writes:

Sea Point is home to a fantastic mixture of architecture. But look at this POS. It's two concrete boxes stacked on top of each other. They'll call it "modern", I call it cheap.

26 October 2011

Lew Geffen Atlantic Seaboard Dust Up

Trust me being out the country when some truly juicy stuff starts going down. It seems Lew Geffen is getting into some dirty dealings with his Atlantic Seaboard franchisees. Reader KS sent me a link to a blog covering all the news: Lew Geffen Sothebys Scandals.

25 September 2011

Mandela Rhodes Place Liquidated

When we first wrote about Mandela Rhodes Pace back in February 2007, it was literally underwater.

Then in July 2011 we heard that even though it had been completed years earlier it was still releasing unsold apartments onto the market.

And now, it's being liquidated with supposedly 62(!) unsold apartments hitting the market. If you bought into MRP and are trying to sell... my condolences.

20 September 2011

Ugliest House in Cape Town on Auction!

Reader DM wrote in to tell us that the ugliest house in Cape Town, last seen on sale for 10 bar in April 2011, is now up for auction.

Just read this opening sentence: 'Buy the plot and get the house for free'. It's so ugly it's nearly worthless!