Property Still Number One for World’s Wealthy |
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Property beat other asset classes to the title of most popular among the world’s wealthiest individuals reveals the Global Wealth Report.
Conducted among Citi Private Bank's international high-net-worth clients - those with assets worth more than $10 million (R72.2 million) - showed that the bulk of their portfolios (33 per cent) were invested in property.
The next biggest chunk was Equities at 24 per cent followed by cash at 17 per cent and finally bonds at 13 per cent. Gold, despite its reputation as the safest of havens in turbulent economic environments, can claim only a 0.5% share of the average High Net Worth Individual's (HNWI) investment portfolio.
Furthermore, of those who have invested in property Residential property was the clear favourite accounting for 50% of the typical portfolio - this does not include investors own homes. Commercial was next at 30% but property funds and Real Estate Investment Trusts (REITs) were still being treated cautiously with a combined allocation of under 5%.
read more » | Global Wealth Report, 15-04-2010 |
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2010 Soccer World Cup – South Africa |
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This massive and truly exciting undertaking has brought South African’s together in a way never seen before in this growing nation.
With less than a year left until the 2010 FIFA World Cup kicks off, there is no doubt that it is going to be one of the highlights of the year. For exactly one month, starting June 11th and ending July 11th, South Africa will play host to 32 national soccer teams, 3 million visiting fans and 64 world class matches. All of this will take place within the borders of South Africa, at 10 stadiums in 9 of the country’s largest cities. read more » |
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Prices of Luxury Houses Buck Downward Trend |
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Luxury houses have been partly insulated from the residential property market slump.
Absa's latest housing review, released yesterday, showed that the affordable and luxury segments of the housing market experienced nominal growth in prices in the second quarter while middle segment houses were bearing the brunt of the price decline.
Jacques du Toit, a senior property analyst at Absa Home Loans, yesterday said prices in the luxury segment had performed better than the middle segment in recent quarters.
"This may be the result of the upper end of the market to some extent being less affected by trends in economic indicators such as inflation, interest rates, employment and income," he said.
The review revealed that the average nominal price of luxury housing, defined as houses valued at between R1.3 million and R11.5m, continued to rise in the second quarter.
read more » | Business Report, 29-09-2009 |
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ESTATA Wins Prestigious CNBC Property Portal Africa Award 2009 |
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ESTATA is delighted to announce that it has won an award in the category of Property Portal Africa.
We would hereby like to inform you that ESTATA has won the prestigious CNBC Property Portal Africa Award. The International Property Awards is open to residential and commercial property professionals from around the globe. The event is part of the International Property Awards, the world’s most prestigious competition dedicated to finding the best real estate professionals across the globe. The fact that ESTATA has won one of these coveted awards is proof that South Africa is not only able to compete at this level but also triumph within the highly competitive Europe and Africa property arenas. read more » |
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