Archive for the ‘Real Estate’ Category


News has surfaced about the idea of bringing back the home owners tax credit. The tax credit was great for new home owners and other reasons, but may have actually used up all of its juice for good use. If you would like to read more real estate news visit http://www.augustalistingexpert.com .The tax credit did spur the economy and helped many people, but once the credit was gone the housing market stopped moving forward. Many people saw the credit as an opportunity to buy, but it created inflated reports and sales numbers that could not be justified as a full blown market recovery. So should we bring back the credit? This will be debated and I am not so sure that it’s a good idea. I do agree with incentives, but it would be nice for the market to recover based on the employment rate getting back to where it’s supposed to be. There are so many variables in the housing market that I am not sure that the tax credit is the answer. It never was meant to be a long term solution, but in a bad economy everyone is looking for anything that offers them a little hope and help financially.

It’s good to see builders offering incentives to drive people in to purchasing newer homes, but that is not the long term answer either. Augusta Listing Expert has more on the real estate market. I am not sure that anyone has the long term answer, but one thing is for sure; when people are working and they have a sense of security with their income, they will spend more freely. This will carry over to larger purchases like homes, and vehicles. People, I believe are still a little gunshy on making these large purchases right now until they see the economy improve to where they are secure. Not sure when that will happen, but we can all hope for the best.

Marketing your real estate brand has evolved over the last few years and has a bit more complicated. Years ago most business was done in the local market and with local people. Most people knew one another and it wasn’t difficult to know where to go to get something done. Today, people do business all over the world and most have to "search" to know where to get something done or where to purchase something. Most of the time in real estate agents were told to brand themselves and to make sure everyone knew there name and that name implied real estate. If you need more info on Chapel Hill homes please visit www.chapelhillrealty.com for a full service brokerage that knows the area and can help you with all your needs.

Many realtors bought domain names with the names in them and began pushing themselves as the brand. That type of branding only works in the local market with local people that know you. Most home owners go to the internet and are not searching realtors, they are searching homes. Since "search’ is all about keywords, most realtors didn’t have their keywords in their domains and as a result lost out on a lot of visits to their sites. It’s similar to car dealerships, where people want to search without the bothering of a salesman. People want to search homes without an agent. Eventually they will end up with an agent, but it’s not what they are searching for up front. With that said you still need to be visible, in the areas where people are searching. This way when they are ready to buy they have a familiar agent/brokerage that they have seen numerous times throughout their search journey. We would love to help you in your search, so if you’re at that place and you are looking in the Chapel Hill area please visit our website at Chapel Hill Realty, where you can search and find numerous homes to choose from.

Colombian popstar Shakira visited some of South Africa’s new and revamped real estate developments while in the country for her 2010 World Cup performances. Her stay in the luxurious penthouse of the epic Radisson Blu Sandton certainly didn’t go unnoticed by the media. That’s thanks to the fact that Radisson is the largest international hotel brand in South Africa supporting the World Cup games.

Over the course of the month, visitors were exposed to quite a bit of South Africa’s real estate, an opportunity the country hopes to greatly benefit from. With the games in Johannesburg and Cape Town — and Durban, Pretoria, Port Elizabeth, Rustenburg, Polokwane and Bloemfontein — came new hotels, new stadiums and new large-scale real estate developments hoping to advance the African nation.

Now that the month of excitement has ended for the Rainbow Nation, and Shakira has performed "Waka Waka" at Johannesburg’s Soccer City Stadium for the last time, development continues.

Can a world-class sporting event sustain a developing country’s real estate market?

Some $5 billion was allocated to infrastructure and World Cup preparations by the national, city and provincial governments. Besides security, domestic public transportation was added and improved, roads were repaired and the eight host cities were given fancy facelifts.

Johannesburg built the Gautrain, Africa’s first high-speed rail that links the financial center of Sandton (and the Radisson Blu) and the OR Tambo International Airport. But the questions remains on how much the games will have benefited the country economically and developmentally following the conclusion of the global event.

Preparing for the events boosted activity for sure, the Ministry of Finance has said that stadium construction created more than 130,000 jobs and contributed $267 million to low-income families.

South African president Jacob Zuma expressed his intent that a successful World Cup will seduce tourists and encourage investment and trade to the country for the future. The Department of Tourism set their goal to bring in 14 million tourists annually by 2014. That’s a 45 percent increase from the 9.6 million who visited in 2009.

Cape Town has added a second Radisson to the mix. Local South African developers REALCOR Cape recently developed the Radisson Blu Blaauwberg Beach Hotel. The hotel joins the chain with locations also in Port Elizabeth. The property is trying something different by offering investors the opportunity to become shareholders in the property.

"A lot has changed in this country and more South Africans and tourists discover they want to own property here," says Jacques de Ridder, the director of construction for REALCOR. "The excitement around the World Cup will bring people to take a look at the property and then hopefully they will want to return."

Another development promise for South Africa is their possible bid for the 2020 Olympics. Given they have these new and refurbished facilities, it could help their chances of hosting. Critics say the five new stadiums won’t reach capacity after the World Cup (and rarely did during) so at the moment some stadiums are planning to reduce their facilities and examine how sustainable they are for the country.

"The world is looking at South Africa for the first time this way," says Dr. Laurine Platzky, 2010 FIFA World Cup Coordinator under the Department of the Premier in the Western Cape. "We already have large-scale developments before the World Cup and they will only increase after the World Cup once the world is able to see the opportunities and what a rich and beautiful country South Africa is."

This article was found at http://www.housingwatch.com/2010/07/12/world-cup-end-impacts-south-africa-real-estate-market/