Here's an ad from April for a one bedroomed apartment in Vredehoek:Charming one bedroom apartment in secure, small, upmarket and sought-after block. Private garden with views of city and Lion's Head. Secure off-street parking
And here's an ad from July for seemingly the same flat (same pictures, almost same description):
Beautiful sunny one bedroom flat with private garden. Small, secure and upmarket building, Vredehoek. Undercover, secure parking. Views of the city and Lion's Head.
The only difference, is the asking prices. The first ad had an asking price of R1 300 000, the second had an asking price of R895 000.
Now that original R1 300 000 asking price was probably never going to be reached but it just goes to show the 'wealth entitlement' people had. They deserve that million rand asking price damn it! It doesn't matter what people can afford!
2 comments:
HI CT
I posted this at realestateweb -
"Could you update the chart I linked to
http://tinyurl.com/6r99bo
Maybe add the latest 2007 standard bank figures ie 0% HP increase in 2007, inflation 5.7 so real price -5.7
(interesting, this will hide the actual mid 2007 HP peak that would have taken the graph up to around 210)
So the 2007 figure will take us to 180 on the graph
It would also be interesting to put historical bank lending rates on the same graph with a scale on the right - can you do it for us ?"
Any chance you could do it - it is such a nice chart to use as reference and with the bank rates added, there might be even more interesting stuff to observe.
I don't have the data for it anymore. If you have a copy of the old data and what new data must be added I can try.
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