Lew Geffen has been in the real estate industry since 1972, is recognised as one of the leading experts in property in South Africa and holds many directorships in associated real estate and allied industries.
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Jump Starting 2012
Author: Lew Geffen Sotheby's International Realty | Published: February 23rd, 2012
Lew Geffen Sotheby’s International Realty staff are celebrating a successful start to 2012. With 10 sales already notched up since the beginning of January, including the sale of a R9m Marina house to an international buyer, the property consultants feel incredibly motivated and enthusiastic about the year ahead.
Now Is the Time to Buy Real Estate
Contrary to all the doom and gloom, Lew Geffen states in his latest report that with the banks relaxing on lending - a number of bonds back to 100% and the interest rate at an all-time low - now is the time to buy. “Figures from mortgage originator ooba, for example, show that there has been aconsistent month-on-month increase in home loan applications – and approvals - since the beginning of 2011, and that in November, the total value of home loans approved through ooba was 33% higher than a year previously – and the highest recorded since May 2008.”
Heather Tyson, who negotiated the sale of the R9m Marina property, believes that sales are very much available if the property is priced right and the agent fulfils their marketing promise. “As somebody once said, the market is a case of mind over matter – if you don’t mind it doesn’t matter!”
Now Is the Time to Buy Real Estate
Contrary to all the doom and gloom, Lew Geffen states in his latest report that with the banks relaxing on lending - a number of bonds back to 100% and the interest rate at an all-time low - now is the time to buy. “Figures from mortgage originator ooba, for example, show that there has been aconsistent month-on-month increase in home loan applications – and approvals - since the beginning of 2011, and that in November, the total value of home loans approved through ooba was 33% higher than a year previously – and the highest recorded since May 2008.”
Heather Tyson, who negotiated the sale of the R9m Marina property, believes that sales are very much available if the property is priced right and the agent fulfils their marketing promise. “As somebody once said, the market is a case of mind over matter – if you don’t mind it doesn’t matter!”
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