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Property and Wealth

Property and Wealth.

PROPERTY AND WEALTH.

“PRICE IS WHAT YOU PAY. VALUE IS WHAT YOU GET”  - WARREN BUFFETT.

Property is the confirmation of wealth.

Have you ever thought where super-rich people buy properties?

GLOBAL:

According to Knight Frank’s “The Wealth Report 2013”, high- net worth-individuals with $30 million and more in net assets account for .003% of the global population. Of these about one third live in the U.S.A.   New York is the No.1 location for the global super-rich owning property .  London  is second followed by Tokyo, San Francisco, L.A, Beijing, Mumbai, Hong Kong, Sao Paulo and Rio de Janeiro as the top ten global  locations.

NATIONAL:

In South Africa,  Sandhurst in the northern suburbs of Johannesburg, wins the top position as the area for the rich and famous to live. According to the ‘British Wealth Insight ‘ - 38 multi-millionaires live in Sandhurst. That is about 5.9% of the total population of the suburb. One of its best known inhabitants is Minister Tokyo Sexwale.

The Top 10 areas where the super- rich in South Africa live:

Area

No. Multi-Millionairs

 

No.Properties of R20 mil

Sandhurst                                                                          

Bryanston                                                                          

Hyde Park                                                                          

Houghton                                                                           

Kampsbay                                                                          

Clifton                                                                                  

Bishopscourt                                                                     

Constantia/Tokai                                                             

Bantry Bay                                                                         

Fresnaye                                                                            

38

 

34

 

30

 

18

 

14

 

11

 

10

 

10

 

7

 

7

125

 

86

 

110

 

55

 

152

 

95

 

84

 

75

 

67

 

65

 

In 2012 a super luxury property in Clifton sold for a whopping R198 mil to a foreigner making it the highest price ever paid for a residential property in South Africa.

LOCAL

In the past year since March 2012 the highest prices for local houses were paid in Zimbali selling between  R10 mil to R14 mil with the most expensive  house sold in September 2012 for R20 million in Zimbali.

Locally, Vince Christoforos, developer and owner of ‘The Reserve” development in Zimbali,  says that the highest price ever paid for single residential stand in KZN was R11 million for a beachfront Zimbali stand.

 

Although Ballito and its surrounding upmarket estates are not yet ranked among the top 10 areas in South Africa, indications are that higher prices are on the rise. According to FNB Property Barometer, the average full title house prices for Ballito for 2012 to 2013 was between R1.8 mil to R2 mil.

 

 YOU:

 

Let us, your professional Realtors at Harcourts Dolphin Coast, assist you in building your property portfolio to build your wealth. Whether you start small or want to add to your current property portfolio, investing in property is your way to wealth.

 

 

 

WEALTH AND PROPERTY:

 

 

The all-time bestseller of  Dolf de Roos:  ‘Real Estate Riches” guides readers from all walks of life on how to find great property deals and to make great profits in the real estate market.

 

To quote Lou Scott:  Property is “the basis of all wealth, the heritage of the wise, the thrifty and prudent – the rich man’s prize, the right hand of capital, the silent partner of many successful men.”

 

Call the professional property negotiators of Harcourts Dolphin Coast at 032 946 2331 or check out our website: www.harcourtsdolphincoast.co.za.  Or  www.ballitoproperties.co.za

 

We are ready to assist you in building your property portfolio to Real Estate Riches.

 

Property is our business, but People our passion.

 

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