Real Estate Investor Magazine South Africa March 2014 | Page 23

REI Residential 71% of South Africa’s tenants paid on time 11% 8% 6% 4% paid, but not in full paid late did not pay at all paid within the usual extra time allowed The Tenant Profile Network *Last year’s report on rental payments Valuable Input Annie Van Den Berg Property Broker Wildlife Properties “Security is a top priority for many buyers in our country and has been one of the driving factors behind the growth in popularity of secure developments,” www.reimag.co.za Lanice Steward Managing Director Galetti Knight Frank “Property continues to be a good investment, however, because if one looks at the real price average of 2013 compared to that of 2003, there is an increase of 42.6%” Rhys Dyer, Chief Executive Officer ooba Adrian Goslett Chief Executive Officer RE/MAX “Building activity growth is showing flat growth, meaning that not many newly built properties are coming on to the market for sale. This could signal the start of a steeper housing price increase in 2014.” “While we have seen favourable conditions for buyers over the last while, we could see the market shifting towards sellers in 2014, with the numbers of property available to buyers lessening.” REALE ESTATE BUSINESS DIRECTORY March 2014 SA Real Estate Investor 21