Mike Greeff, chief executive of the Southern Suburbs estate agency that carries his name, has returned from a trip to London impressed by the fact that there is a growing awareness of the Cape and Cape property among the more affluent people in the United Kingdom. "There always has been a strong link between South Africa and the UK," said Greeff, "and the simple reason for this is that we have had a British presence in the country since 1795. However, what impressed me on this recent trip was the optimism people feel about our prospects and, more particularly, the growing desire to holiday and buy property here." Greeff said that it makes good sense for a UK resident to buy at the Cape because, firstly, the legal barriers to purchasing property in South Africa are not onerous and, secondly, for anyone buying with UK pounds, the price of Cape property is "ludicrously low". "I know this has been said before, but when you actually see what someone gets in London for P300 000 to P500 000 the supreme value of Cape property becomes very clear. There can be few better bargains for the British property buyer anywhere else in the world." Greeff spent considerable time with his UK associate Greg Verhoef of Druce, whose company this summer passed on some 30 potential buyers to Greeff Properties, and acquainted himself with some of the properties that he, through Druce, is now marketing to South Africans in the more affluent areas of central London. "The property that really impressed me," said Greeff, "was 'The Armitage', a seven storey complex in Marylebone, now one of London's most desirable areas. The building was formerly the headquarters of a major bank. It has its own concierge service, gymnasium, closed circuit television and security arrangements and a smart car pool available to everyone in the building. The original facade has been maintained, giving the building great distinction, but inside the buyers, in consultation with the developers' architects, can tailor their premises to meet their own wishes." Prices at 'The Armitage', said Greeff, are pitched from P400 000 to P2 million. "What one has to appreciate is that the central London properties marketed by Druce have consistently performed well and appreciated steadily year by year. "Property here appears to be able to do this no matter what problems are experienced in the general economy," said Greeff. "Those who buy in central London will, therefore, be making an exceptionally good long-term investment. It is also an investment which, if they arrange things properly, they will be able to use whenever they visit the UK." For further information please contact Mike Greeff at 083 679 1809.
Publisher: Weekend Argus
Source: Weekend Argus
UK interest in Cape property growing.
Posted On Monday, 21 July 2003 02:00 Published by eProperty News
Mike Greeff, chief executive of the Southern Suburbs estate agency that carries his name, has returned from a trip to London impressed by the fact that there is a growing awareness of the Cape and Cape property among the more affluent people in the United Kingdom.
Latest from eProperty News
- Love and property: a homebuying guide for couples
- From Civic Landmark to Collaborative Hub: A New Era for Muizenberg’s Post Office
- Growthpoint breaks ground on Tecoma Park, Cornubia, advancing its local logistics strategy
- Rosebank Mall adds Livo to its lifestyle line-up
- 166 sectional title units in the iconic Parktonian Hotel, located in the heart of Braamfontein, Johannesburg
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.