Business Day Home Front 22 January 2016

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FRIDAY, JANUARY 22 2016

HOMEFRONT PAGE 8

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SACHA LACIK ON FRENCH FURNITURE

AGENTS’ COMMISSIONS EXPLAINED

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MULTIFACETED MODERN FARMING

2016: what lies ahead for the property market?

WHY BERLIN PROPERTY COULD BE BIG

Late 2015 brought economic challenges that the property industry may not easily shake.

How do industry stakeholders see 2016’s real estate landscape developing?

WORDS: GARTH THEUNISSEN, JESSIE WALKER AND CATHERINE DAVIS :: PHOTOS: ISTOCK

CONTINUED ON PAGE 6

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LIFESTYLE

DESIGN

Friday January 22 2016

Va-va-voom design WORDS: KIM MAXWELL :: PHOTOS: SUPPLIED AND MICHEL GIBERT

Roche Bobois opened its first South African furniture showroom in Cape Town in September 2015. Automotive-turnedfurniture designer Sacha Lacik explains what sets their pieces apart WHY AN INTEREST IN DESIGN? It started with a Ford Mustang 67. Steve McQueen was driving it in a movie. It was the car I loved at age 10 or 12. I started to sketch and sketch this car.

“My furniture is playful and functional. Whatever you do, it should not be boring” WHAT IS DIFFERENT ABOUT ROCHE BOBOIS FURNITURE? At Roche Bobois we are all independent designers and we all have a style or a speciality. My style is about contemporary furniture exclusively. These pieces are almost custom-made because you choose one product, such as a Badiane chair. As a customer you cannot ask me to make the backrest higher.

But on some products you can customise the fabric or leather.

WHAT DO YOU CALL HOME? I was born in Belgrade, studied in Paris and I consider myself French. The Sacha Lacik Design studio is in Luxembourg. I’m in Paris at the weekend or for meetings.

WHY THE SWITCH FROM AUTOMOTIVE TO FURNITURE DESIGNS? My father was a fashion designer working in Paris, so I grew up in that world in Paris. But I was very much attracted by cars, more than by fashion as a kid. For me the automotive industry is attractive because of this connection to independence, freedom, technology and speed. I try not to do what everybody else does. The motorcycle world is like that: I like that it is a crazy product and you have to learn how it works. You don’t just sit in it and turn the key. This transition from cars and motorcycles to furniture happened when I was old enough to understand: what is a piece of furniture?

WHAT HAPPENED? When I was older I became an automotive designer for Peugeot. I designed motorcycles, bicycles and private jets. When I met François Roche from Roche Bobois he said I should try to design furniture. My first bed looked like a flying carpet in the sketch.

HOW IS YOUR BADIANE CHAIR LINKED TO CARS? A Badiane chair with distinctive stitching in one leather colour reminds some men of a Bentley and some women of a Chanel bag.

My furniture is playful and functional. Whatever you do, it should not be boring. Life is already sad and should not

be boring. When I create I try to create something positive, a piece of art that makes you smile.

HOW DOES THE DESIGN PROCESS WORK? When designing from Roche Bobois there is no limit; the only limit is imagination. There are so many technologies and materials available. The only thing not available is the idea and the style — this belongs to the designer.

The first point is to create something nobody has

Roche Bobois in numbers

1960

— Roche Bobois was created by the Roche and Chouchan families

15

— European countries where Roche Bobois pieces are manufactured

€409m

— 2014 Roche Bobois turnover

55%

— export sales during 2014 financial year

10m

— approximate

amount of fabric used to make a Bubble sofa

done before. It has to have a strong visual impact, an emotion resulting from it.

The proportion, the fabric, should match the function.

Once everything is set from a design point of view, I have to consider very seriously the practical aspects.

This is a signature of Roche Bobois — we pay a lot of attention to the comfort and function of the product. Even if during the prototype phase I have to modify the shape or the final target price, I do it.

We have to be at just the right price on the market. Being an industrial designer is also considering how you will build the product.

HOW LONG DOES IT TAKE? About one-and-a-half years from the moment I design something to when it comes into the store. I worked with Roche Bobois on one or two pieces since 1996. But the real collaboration started in 2005 with the Speed Up collection.

WHY WAS THE SPEED UP COLLECTION UNUSUAL? It is seven pieces, all really connected to movement, speed and technology. There are seven different technologies used. For instance, the chairs were made of plywood. The dining table was made of carbon fibre — using supermodern technology only used in racing cars and bicycles. As I had designed those things I knew we could make a table from that material.

WHAT IS THE DACQUACRYL 'LACQUER' FINISH ON THE SPEED UP SIDEBOARD? I designed Dacquacryl, a patented product, exclusively

for Roche Bobois. Dacquacryl is like a traditional lacquer but more interesting from a design point of view: you can play with the surface by creating a 3D effect on the surface. You can mould and sculpt it, tint it any colour. It’s a 3mm- or 5mm-thick flat layer that you mould over the “master shape”. Even over a curved form, it will take that shape.

YOUR SCENARIO SOFA IS A ROCHE BOBOIS BESTSELLER. WERE YOU SURPRISED? Many people like it in many different countries (France, Europe and the US), which is what is interesting. With the Scenario sofa I imagined people moving the backrest back and forth. I make full-scale prototypes and test my own sofas a lot.

THE BUBBLE SOFA IS SO PLAYFUL. HOW DID IT HAPPEN? Once I design a product I think about what will be the best material. So I’m not focusing on the material, I’m focusing on the idea and shape of the product, and then trying to find the most efficient material. With the bubble, the harmony and shape attracts so that you come closer. You touch and feel it. It has to be comfortable. The height is good, with a sculptural quality.

I had to create the Techno 3D fabric specifically to go over those spherical shapes of the bubble. We created the mesh effect with this stretchable 3D fabric that is extendible in three directions and follows the contours of the sofa naturally. It is an iconic product and it is playful. The bubble exists as an armchair or in a two- or three-seat model.

LIFESTYLE Friday January 22 2016

“Dacquacryl is like a traditional lacquer but more interesting from a design point of view: you can play with the surface by creating a 3D effect on the surface.

You can mould and sculpt it, tint it any colour”

ROCHE BOBOIS: EVER COVETABLE The French buy the most Roche Bobois furniture, followed by Americans.

The appeal hinges on the fact that every furniture piece is conceptualised by a designer — often using innovative technologies — and then manufactured in various European countries, according to a client’s size, colour and material specifications. It is designer, yet customised.

Roche Bobois designers include Christophe Delcourt, Cédric Ragot, Johan Lindstén and Luigi Gorgoni. The individuality is in having a

LIFESTYLE

furniture piece upholstered in a variety of materials and colours from the Roche Bobois fabric collection, or if budgets are expansive, from fabric ranges including the likes of Jean Paul Gaultier, Sonia Rykiel Maison and Missoni Home. Take the Mah Jong modular sofa created by Hans Hopfer in 1971. These adaptable cushion blocks take on a different character in the vibrant silk colours of Missoni or the bold designs of Jean Paul Gaultier. Years later the Mah Jong is still a Roche Bobois bestseller. View it in their Cape Town showroom.

A

slew of local distilleries are uplifting this traditionally oldfashioned spirit by doing things differently, which is helping to attract a younger, trendier market.

Lorna Scott, founder and owner at Inverroche Distillery in Stilbaai in theg Western Cape, says that since the distillery’s inception four years ago sales have grown exponentially. “We sold fewer than 100 bottles in our first month of production, and now we’re selling between 8,000 and 10,000 units a month.”

Scott says that a gin revival is taking place globally and that SA is no exception. She believes that this is largely due to the worldwide re-emergence of the cocktail culture. “Many new gin bars are opening across SA, and the cocktail hour is alive and well, with local gins all taking pride of place.”

Inverroche Gin comes in three flavours: classic, verdant and amber — each with its own distinct flavour profile that appeals to different palates.

About 85% of Inverroche

WORDS: BELINDA MOUNTAIN :: PHOTOS: SUPPLIED

The local gin revival Local producers are changing the way we drink a G&T

t

Gin is sold locally and the remaining 15% is exported to 13 countries. “The export market’s love for our fynbosinfused gin is growing daily and we are inundated with enquiries,” says Scott.

Lucy Beard from Hope on Hopkins Distillery, a new, local gin brand, was living and working in London. She watched the rise of several craft distilleries there with interest. After spending time travelling in Spain, where gin and gin bars are extremely popular, the seed was planted to start her own distillery in Salt River, Cape Town.

“We launched our gin in Johannesburg at the Sanlam Handmade Contemporary Fair in October and did far better than anticipated,” she says. The South Africaninspired Salt River Gin, made with Western Cape botanicals, sold out a day and a half before the end of the show.

KWV, a bigger local brand, recently launched its Cruxland Gin. Diversity is key.

“People are becoming increasingly aware that no two gins are the same,” says Beard.

TRY THESE GIN IDEAS WITH A TWIST: n Use a stick of cucumber instead of a wedge of lemon in your G&T n Choose soda instead of tonic to bring out the flavour of the gin n Add a curl of orange zest for something different n Make a gin fizz using sugar and whipped egg whites

“We started off selling fewer than 100 bottles in our first month of production, and four years later we’re selling between 8,000 and 10,000 units a month” Lorna Scott, Inverroche Distillery

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COVER Friday 22 January 2016

CONTINUED FROM PAGE 1 WHAT TO WATCH IN 2016 n A showhouse that is open 24/7 for buyers from inside or outside the country to walk through at their leisure is no longer a pipe dream.

With 3D technology anyone anywhere can now “walk through” a property online.

Redfin reported in late 2015 that US listings using their Redfin 3D Walkthrough tour “sell an average of 10 days faster and for $5,100 more than comparable homes”. And US rental giant apartments. com stated in a recent release that since they introduced 3D tours on property listings they’ve had 4,8-million tour views, and site users spend triple the time engaging with those property listings. Virtual walk-throughs are being used in South African properties now too. “We use that same exciting blend of cutting-edge camera technology and advanced software to scan existing spaces to create a seamless, immersive and fun experience,” explains Erika Bornman of 3Dscann South Africa. Bornman believes this complete 3D representation of a space is future-proof. n There is plenty of overseas talk about the rise of virtual reality (VR). With 3Dscann’s models, it will be all systems go when VR gets hot in SA too. Says Bornman: “We’ve already converted some of our models, and anyone with a VR headset can walk through them. It’s like being in your own video game, except you’re navigating through real-world spaces.” n How do you profitably repurpose parking? According to the PwC Emerging Trends in Real Estate 2016 report, tenants who once required a set number of parking spaces per employee are reducing their demand as workers use alternative commuting methods. Mass transit, bicycles, ride sharing and walking are becoming more popular. This changed spatial planning and new shared mobility means building owners should incorporate sustainability and find alternative revenue sources from resources currently devoted to parking.

“Already the City of Johannesburg is urging developers to reduce parking bays in retail centres and offices,” says Lisa Seftel, executive director of the City of Johannesburg’s transport department. “We’re saying build three bays per 100 instead of six. Or why not create parking structures in buildings that in time could be repurposed for retail or other purposes when quality public transport is available there.”

2016: what lies ahead for the property market?

WORDS: GARTH THEUNISSEN, JESSIE WALKER AND CATHERINE DAVIS :: PHOTOS: ISTOCK

T

hey say Wall Street predicted nine of the last five recessions.

Whoever came up with that quote may well have had South African property economists in mind. Notable names in the property economics game have been warning for several years that the residential market was due for a correction, at least in real terms.

FNB’s Property Barometer would suggest that this correction has already begun.

Although South African house prices surged 280.9% in nominal terms between January 2001 and July 2015, FNB’s data shows that the average real house price (that is, nominal price growth minus inflation) is almost 19% lower than the high achieved in December 2007.

This prompted property economist Erwin Rode to suggest that investors would be better off renting than buying, unless they were able to execute a 100% cash purchase. Considering that about 80% of buyers still rely on mortgage finance to buy their homes, cash purchases are not an option for most.

While FNB property economist John Loos has never been a fan of the rentrather-than-buy argument — it does not consider moving costs and the hassle factor — even he concedes that the residential property market is due for a downward real price correction in the next five to 10 years.

AGENTS’ VIEWPOINTS However estate agents are not entirely convinced. “While there are any number of factors that could influence

the property market and its performance in the year ahead, the residential market continues to hold its own, despite challenging economic conditions,” says Adrian Goslett, CEO of RE/ MAX Southern Africa. “Over the long term, property has proven to be a solidly performing asset and should be a core component of any investment portfolio. The crux is for buyers and sellers to understand the market conditions in which they are trading and tailor their buying and selling decisions and behaviour accordingly.”

Says Berry Everitt, group CEO of the Chas Everitt International Property Group: “Properties near active metropolitan areas such as Sandton and Cape Town’s CBDs will continue to deliver positive growth in 2016. Lifestyle estates in areas such as the Cape Winelands or along SA’s spectacular coastline will still attract buyers, many of them foreign.

SECTIONAL TITLE ON THE UP Pam Golding’s statistics for the past 12 months show that 37% of all transfers in the R2m price range were in estates, while for homes priced around the R4.5m mark the figure is almost 60%. Says CEO Andrew Golding: “With municipal tariffs such as rates, electricity and water receiving increasing attention, we anticipate the trend towards the containment of such costs and conservation of our precious natural resources will further stimulate the growing demand for convenient sectional title living and use of energy-saving features.”

With inflation within the target range and a sluggish

“Pockets of strength in the residential property market will remain in the metro areas as a steady influx of people seeking economic opportunities means continued housing demand”

economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision in November 2015 to further increase the repo rate by another 25bps was ill-timed, according to Golding. A stable rate would have helped boost business and consumer confidence.

ECONOMIC HEADWIND DRAG Samuel Seeff, chairman of Seeff Properties, remains cautiously optimistic that residential property growth will at least match and even marginally outstrip inflation in the foreseeable future.

He concedes that economic headwinds could be a drag on the market. “The economy will remain under pressure for at least the next two to three years,” he says.

Nonetheless, Seeff believes that still-tight stock levels should keep the market nicely balanced this year, in turn keeping price growth at least on par and perhaps slightly above inflation.

Seeff’s advice is to buy in blue chip locations such as Cape Town’s Atlantic Seaboard and Southern Suburbs, as well as Johannesburg suburbs in close proximity to the Sandton CBD, often referred to as the richest square mile in Africa. “These areas tend to be recession-proof,” he says, adding that Atlantic Seaboard suburbs of Clifton, Camps Bay, Bantry Bay and Fresnaye even outperform Johannesburg’s elite suburb of Sandhurst by 30%-40%.

Herschel Jawitz, CEO of Jawitz Properties, says that the lower-to-middle price segments — R750,000 to

R3m — will remain the sweet spot of the market from an activity point of view, driven by first-time buyers and young professionals.

Jawitz says that while there are still more buyers in the market than sellers, the number of buyers has slowed, and 2016 will introduce a shift from what has been a very good sellers’ market to a more balanced market between buyers and sellers. “If interest rates do increase by 1% or more over the next 12 months, you may see more distressed sellers coming onto the market especially at the lower end of it,” says Jawitz.

RIGHT-SIZING THE MARKET Tony Clarke, MD of Rawson Property Group, says 2016 will still be about the rightsizing of the property market, since the boom of the early 2000s. “From a price growth standpoint, I tend to agree with the banks and other property commentators who are forecasting that house price growth will remain in single digits in 2016. I expect to see house prices increase by a nominal rate of about 8% (which is 2.3% in real terms).”

Clarke quotes Absa’s forecast for headline consumer price inflation — that it is set to average at about 5.7% in 2016, but it is imperative that it stays below the 6% mark because there will probably be further interest rates increases.

Myles Wakefield, CEO of Wakefields Real Estate, says that all signs point to a levelling off of the property market. “But it’s certainly not all doom and gloom for 2016.

As an industry we can all see that sales volumes are down a little, stock shortages are

COVER Friday 22 January 2016

“According to the PwC Emerging Trends in Real Estate 2016 report, tenants who once required a set number of parking spaces per employee are reducing their demand as workers expand their use of alternative commuting methods”

easing — it stands to reason that the increased cost of living, change in the interest rate, and general uncertainty around local and global issues will make consumers cautious,” he says.

RESIDENTIAL TRENDS The industry is in agreement that the demand for secure estate living is not going away — buyers will continue to prioritise security in SA. These homes are likely to see better than average price growth.

“This trend goes hand in hand with the demand from families for a lifestyle within easy reach of good educational facilities and access to all amenities in a ‘countrified’ environment with sport and leisure activities on hand, but still in proximity to commercial nodes,” says Golding.

Growing urbanisation and densification, and an increasing emphasis on energy saving and sustainability, are two other trends that Golding expects to take off in 2016. Pockets of strength in the residential property market will remain in the metro areas as a steady influx of people seeking economic opportunities means continued housing demand.

Furthermore Golding sees cities becoming more concentrated thanks to a lack of land within metro areas and growing congestion — a trend that will continue.

“The economy will remain under pressure for at least the next two to three years” Samuel Seeff, chairman of Seeff Properties

INVESTIGATION Friday January 22 2016

Feeling short-changed?

Demystifying agents’ commissions WORDS: ANDRÉ FIORE :: PHOTOS: ISTOCK

With South African real estate agents generally earning 7% commission per sale, how do they justify their cut of a property seller’s money?

R

ecent statistics reveal that the average commission paid to South African residential sales agents last year ranged between R60,000 and R210,000, with the highest amount earned comfortably in the millions.

While many sellers resent paying the commissions, many don’t understand the fee breakdown sufficiently according to Jill Corfield of Corfield School of Real Estate. Along with some other real estate professionals, Corfield identified some key concerns around commission.

WHY IS COMMISSION PAID AS A PERCENTAGE OF THE SELLING PRICE AND NOT A FIXED AMOUNT? Corfield says it is simple.

“The more money the seller receives, the more commission the agent receives. While the less the seller receives, the less the agent receives too, meaning that the agent has a built-in incentive to get the highest price possible. If agents were paid a fixed rate, there would not be the same incentive.

“Remember too, that agents only get paid on results, not on the amount of time, effort or money spent. When an agent sells a property to the first client who views it, sellers often feel that they are paying for nothing.

“Conversely the agent who

spends six months working on a home, holds six show days, places 12 adverts and brings 96 buyers (four per week) to see the home but does not manage to sell it, earns absolutely nothing.”

IS THERE AN AVERAGE PERCENTAGE COMMISSION IN SA AND IS IT REGULATED? “The industry standard is 7%, although the norm is usually around 5%,” says Seeff national marketing manager Ted Frazer. “This does depend on the price of the property though, as with luxury sales the commission percentage is often lower (about 4%). There is currently no regulation on this and sometimes agents negotiate higher commissions, up to 8% or even more in some cases.”

Says Grant Gavin, owner of RE/MAX Panache: “Unless you’re dealing with an independent operator who runs his own business, the agent will be sharing the commission with the agency. The percentage split depends on the agency and the productivity of the agent, but will generally range from 50% to 90%. Agents who keep a higher percentage of their commission will be paying their own costs of business and will therefore have financially invested in the transaction, whereas agents taking a lower split will have their operating costs subsidised by their agencies.”

IF THE AGENT DRASTICALLY DROPS THEIR COMMISSION RATE, ARE THEY JUST TRYING TO ‘BUY YOUR MANDATE’?

“If someone is prepared to heavily discount their commission, they are more than likely going to take shortcuts when marketing your property,” says Richard Gray, CEO Harcourts SA. “A good agent will be reluctant to negotiate on commission.

Many sellers think that an agent just puts a property on a website and takes the commission when it sells.

However an agent can spend a considerable amount of time and money marketing a property that might not sell. In other words the agent is taking a financial risk in marketing a property with no guarantee that it will sell. In addition, a professional agent offers considerable advice and imparts expertise. When seeking advice from other professionals one doesn’t negotiate fees so real estate should be no exception.”

Gavin doesn’t know of too many agents that will drastically reduce their fee.

“Negotiation on a fee is one thing, but there is a hint of desperation when an agent drastically reduces their fee to secure a mandate. In my experience, agents are more likely to ‘buy’ a mandate by tempting the seller with an unrealistic selling price, than a lower commission rate,” he says. “Discounting a fee dramatically has consequences for future transactions and agents are all too aware that once they undercut their own value in that manner, then they set the standard for future transactions too.”

“Consider also that a

portion of commission revenues are used for training, marketing exposure, customer relation management and updates on new and changing legislature,” adds Frazer.

“Agencies that constantly undercut their commission need to cut costs somewhere — training and marketing being two common areas — which negatively affects their agents’ professionalism.”

WHAT CAN YOU DO IF IT FEELS LIKE YOU’RE NOT GETTING YOUR MONEY’S WORTH? Gray suggests meeting with the principal of the agency that is marketing your property. “They should be able to show you proof that they are delivering on their promises. This is where there are benefits to using an agent from an established brand that backs up its promises with the appropriate technology, skills development for its agents and marketing plans,” he says.

“Depending on your contract — sole mandates are legally binding — an unhappy seller can also simply move on,” adds Dina Soukop, CEO of Soukop Property Group.

IF THE SELLER PULLS OUT OF A SALE, ARE THEY STILL LIABLE FOR THE AGENT’S COMMISSION? “This is an area that can have serious implications for sellers,” says Gavin. “In most contracts it will state when the commission is due to the agent. If the seller for

whatever reason pulls out of the sale after this point, then commission is still payable to the agency, as they have met the obligations as per the sale agreement.”

WHAT IS THE ALTERNATIVE TO PAYING AN AGENT COMMISSION? While commission is something that sellers often complain about, the alternative is to do it yourself.

Gavin says private sales do happen, but there are not very many when compared to sales generated by agencies.

“This is because the larger buyer pool is searching for properties with the agencies, all of which has been generated by ongoing business, months before a seller decides to place their home on the market. I’ve had friends explain that they want to sell privately ‘to avoid commission’ yet they phone me for advice every single step of the way. When you don't do something every day, like selling your home, I feel it’s better to employ the services of a professional,” says Gavin.

“If a seller understands all that agents do, and still resents paying commission, I think they should certainly consider selling privately,” concludes Corfield. “But if they do use an agent it is essential that all negotiation on the contract — including the percentage commission — is agreed in advance, clarified in writing and signed by both parties.”

“Depending on your contract — sole mandates are legally binding — an unhappy seller can simply move on” Dina Soukop, CEO of Soukop Property Group

INVESTIGATION Friday January 22 2016

“If someone is prepared to heavily discount their commission, they are more than likely going to take shortcuts when marketing your property” Richard Gray, CEO Harcourts SA

WHAT SHOULD YOU EXPECT FROM AN AGENT FOR YOUR MONEY? Comments Dina Soukop, CEO of Soukop Property Group: “In short, an agent aims to get the best price for a home in the quickest possible time with the least inconvenience caused.”

This involves a comprehensive marketing strategy and includes: Presenting the seller with a thorough comparative market analysis on the property and neighbouring homes in the area Preparing a detailed portfolio of the property, including facts, figures and photographs that are listed on local and international websites Erecting boards, preparing and planning advertising and

editorial campaigns in relevant newspapers and media, and organising open days and show houses Qualifying potential purchasers and assisting them with finance matters Arranging after-sales service, liaising with attorneys and keeping all parties informed on the progress of a sale Instructing and attending to electrical, fumigation, electric fence and gas certificates.

“An agent should also provide a realistic time frame for the sale — presenting stats that support these claims,” adds Frazer. “The agent should always be a professional with area knowledge that enables them to market a property to a targeted set of buyers,” says Richard Gray, CEO Harcourts SA. “The agent should also help with any negotiation between the buyer and seller.”

PORTFOLIO AUCTION

Duly instructed, Michael James Organisation in association with Hermanus Property Sales is privileged to offer for Public Auction

Auction Date: Venue: Viewing:

HEMEL-EN-AARDE ESTATE

Saturday, 6 February 2016 @ 11h15

19 Fish Eagle Street, Hemel-en-Aarde Estate, Hermanus Sunday, 31 January 2016 between 14h00 - 16h00

ARCHITECT DESIGNED & MASTERBUILT TO PERFECTION

s

ERF 11171 HERMANUS, MEASURING 5511 m² IN EXTENT

CROW’S NEST POSITION

Every conceivable luxury feature such as gourmet fitted kitchen, natural shellstone fossil tiles, interior shutters, two focal stunning water features and two designer pools. Offering wonderful living areas exuding natural light, spaciousness, separate accommodation wings for owners, guests and family, magnificent library and wine cellar. Beautiful landscaped indigenous garden under irrigation.

WORLD CLASS HOMESTEAD STRADDLING 5 LARGE ERVEN. Visit Hermanus Property Sales website to view virtual tour: www.hpsrealty.co.za Visit our website for details: www.michaeljames.co.za Web Ref: 2118

Auction Terms: 10 % Deposit + commission on the fall of the hammer, balance on transfer. FICA Documentation will be required for Auction Registration.

Contact: Alan 021 421 7007 / alan@michaeljames.co.za or John 028 313 0914 / 082 801 5252 / hps@hermanus.co.za Auctioneer: Michael James

PROPERTY AGRI-TRENDS Friday January 22 2016

Multifaceted faces of farming WORDS: ANNE SCHAUFFER :: PHOTOS: SUPPLIED

ALARMING FARMING FACTS SA’s GDP had contracted by 1,3% in the third quarter of 2015, according to Statistics SA, with the agriculture industry experiencing the biggest drop in activity — contracting by 12,6% quarter on quarter. This was the third consecutive quarter of

agricultural decline.

A prolonged drought and other challenging factors are not helping agribusiness. Says Agbiz CEO John Purchase: “In a deteriorating economic, social and political environment, as reflected by recent downgradings by investment

rating agencies, SA has reached a dangerous and critical crossroad. Exacerbating this imperfect situation is a major and prolonged countrywide and regional drought, impacting negatively on both the agricultural and agribusiness environment.”

“The large, overdominant corporate companies dictate prices and they’re killing us. That’s why most farmers are diversifying” Steve Roberts, Seaforth dairy farm, Underberg

Whether you are the first or fourth generation on the land, modern farming presents tougher challenges than ever. With agricultural growth down for three consecutive quarters in 2015, savvy farmers are resorting to plan B

F

or many who dream of a utopian lifestyle other than the one they are living, a country farm beckons. But like all dreams, farming is generally more hard facts than fantasy. Farmers today are juggling tipping-point issues, including security concerns, SA’s worst water shortages in 23 years, high fuel and electricity prices, and the ailing rand.

Successful farmers countrywide, particularly those on small to mediumsized farms, seem to be facing the challenges innovatively. They have diversified to provide, among other benefits, an alternative income stream. With land and staff at their disposal, and terrain suited to eco and action experiences, agritourism makes good financial sense.

OAKHURST DAIRY FARM, WILDERNESS Jake and Claire Crowther live with their three young daughters — the sixth generation on this property — at Oakhurst Farm near Wilderness. “Our original farm was 640ha, and we have bought or hired surrounding farms for our 1,200-strong dairy herd of largely Jerseys.

It’s pasture-based: no feedlotting, no processing, just healthy raw milk,” says Jake Crowther.

They were given an opportunity to branch into agritourism when their farm staff were offered new government housing nearby, leaving five well-built, ideally situated cottages. “It was a good potential business venture that could run independently of the dairy business and provide a break from the monotony of the dairy,” says Crowther.

They started by renovating and renting out an original 1830s forge. Today there are five additional cottages, with plans to convert the old farm school into a reception venue. “Guests really enjoy the isolation, quietness, proximity to Wilderness, nature, dairy tours, farm milk and eggs, tracks, dams, fishing and canoes — it’s very satisfying knowing that people leave having had a good time,” says Crowther.

“It’s a great venture that keys

in well with the dairy side, and completely outweighs the reduction of our privacy.”

The Crowthers also started looking at their operation as visitors would. “It’s a way of keeping a different eye on the farming business — you have to maintain high standards and keep improving, as there’s a constant trickle of outsiders on the farm.”

WELTEVREDE FIG & GUEST FARM, PRINCE ALBERT Farm diversification is often motivated by a different generation returning to the farm. This could be a farmer’s children who return to farm life after a city stint or years spent studying, adding another income stream, or just choosing to start their own unrelated business.

Pieter and Suzelle Koorts farm their 1,600ha fig property outside Prince Albert in the Great Karoo.

Six generations have lived here, and later this year when the Koorts retire, daughter Liezl de Klerk and husband Jaco will take over the entire operation. Technology has brought change, and about a dozen years ago Weltevrede began supplying Woolworths because the retailer’s infrastructure makes it possible to get fresh figs to market quickly.

The Koorts handle the fresh and dried figs, and the De Klerks run a preserving plant. “We needed an income separate from the existing business, and there was potential to expand without taking anything away,” says Liezl de Klerk.

The De Klerks also run the guesthouses. Says De Klerk: “There was a rundown house on the farm that my mom fixed up and began renting out. Then a Capetonian family bought neighbouring properties and built holiday homes. They saw the opportunity to join forces, so we rent out their properties as part of our guesthouse operation.”

SEAFORTH DAIRY FARM, UNDERBERG Steve Roberts wasn’t born into farming. He bought Seaforth dairy farm in Underberg, KwaZulu-Natal, and transitioned from a weekender to fulltime

PROPERTY AGRI-TRENDS Friday January 22 2016

URBAN FARMING ESTATES: BEST OF BOTH WORLDS? Mount Verde Estate, a gated farming estate of 56 farms covering 2,500ha, was developed by the Voigt family on their Hilton farmlands in the KwaZulu-Natal Midlands.

In the next few months they will launch phase two, offering smaller sites of 7ha and less, as opposed to phase one’s 30ha plots.

Mount Verde is a marriage of a farming lifestyle with secure residential living. There is a focus on cooperative farming, and with the Voigt family-run farm operating company on the estate, there are economies of scale — farm equipment is on site, so it is more cost-effective for a smaller farmer. Many homeowners continue with other businesses, and 80% of phase-one owners are actively farming, most producing specialised crops such as proteas and essential oils, plus some commercial sugarcane and timber crops.

A growing active-lifestyle component includes equestrian and outdoor fitness facilities and running trails. www.voigtsgroup.co.za

“It was a good potential business venture that could run independently of the dairy business and a break from the monotony of the dairy” Jake Crowther, Oakhurst dairy farm, Wilderness

farmer. Roberts is under no illusions about this business.

“How do you make a small fortune farming? You start with a big one.”

Roberts’s farm is 500ha, with neighbouring farms of 500 to 1,000ha stocked with 400 to 1,500 milking cows.

After increasing frustration with what Roberts refers to as “being under corporate control” he has joined forces with nine other farmers and a Johannesburg consortium in a joint-venture cheese factory. “We will produce and manufacture right here, and upgrade skills and create jobs for our local people. We will make our own opportunities, process our own product, and earn a little bit more — make a better return on our farms,” he says.

The group is looking to

Outlines_Business Day QP.pdf

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increase the margin on their product by processing it themselves instead of “giving it away at ridiculous prices”.

Says Roberts: “The large, overdominant corporate companies dictate prices and they are killing us. That is why most farmers are diversifying. If you look at the input/output side of farming, no matter whether pigs or dairy, you have little say on the price of your product.

“I bought this farm with a view to stay ‘until death do us part’. My children love this place and I intend doing all I can to fulfil that dream.”

AGRICULTURAL OWNERSHIP REGULATIONS Buying agricultural land in SA involves complex legalities that prospective buyers need to know. Probing

questions should be asked of the landowner, and answers sought from a range of government and municipal departments. These include: n Are there any existing land claims, or some knowledge of future ones? (The window period for claims is open until 2019.) n Who determines water-use authorisation? n Does anybody have mining rights on the land? n Are there any illegal occupants? n Is the land zoned for the purpose for which you intend to use it? n Are there any restrictions on the use of the land, for example, height restrictions for dwellings? n Are there any servitudes, either on the title deeds or between neighbours?

At Val de Vie in the Franschhoek-Paarl valley, each of the 13 Gentleman’s Estates enjoy river frontage on Val de Vie’s Berg River and groundwater rights for irrigation. Here small-scale farming is unlikely to be the sole income — land ranges from 1,2 to 3,53ha.

Security is high, sporting

and spatial amenities are extensive, and vast green spaces include polo grounds and vineyards. Says Andrew Golding, CEO of Pam Golding Properties: “These new Gentleman’s Estates will have huge appeal for families who want to enjoy all the benefits of a healthy, farm-type lifestyle, even to potentially live off the land, encompassing a choice of one’s own vineyards, olive groves, organic vegetables and the like, or to keep horses and certain breeds of livestock.” www.valdevie.co.za St John’s Village Estate is a 900-unit development in Howick, only 15 minutes from Hilton. The village is designed to offer a rural lifestyle for young families alongside homes for retirees. Based on an agri-urbanism concept, it combines diverse upmarket residential sites with organic agricultural elements and surrounding eco-friendly practices.

The first three residential villages include The Arboretum (gardens, walkways and veggie patches) and The Vineyards (with homes overlooking vines), aimed predominantly at families. The Orchards includes 2ha of citrus trees and cottages for the over 55s.

The first phase of The Orchards’ residents recently moved in. Close on 100 sites have been sold, and more than 20 homes should be completed by 2016. www.stjohnsvillage.co.za

INTERNATIONAL Friday January 22 2016

Berlin property market set to soar This city’s population influx is generating demand for apartments and causing prices to escalate

Richard Bradstock, director at IP Global, Abu Dhabi

for a one-bedroom apartment in the city centre

€341 per month

WORDS: LEA JACOBS :: PHOTOS: ISTOCK

“Not only is there a significant shortage in housing stock, but Berlin’s economy continues to strengthen as well”

Renting in Berlin €509 per month

for a one-bedroom apartment outside the city centre

€990 per month

for a three-bedroom apartment in the city centre

€705 per month

for a three-bedroom apartment outside the city centre

A

report released by German real estate financing company, Berlin HYP, indicates that despite a growing demand for housing and signs of supply shortages, Berlin still has the most relaxed housing market of the seven major German cities. But this looks set to change.

IP Global’s 2015 Global Real Estate Outlook Q3 points to Berlin becoming a key market for property investors.

Compared to other European capitals such as London and Paris, Berlin as a Tier-1 city with Tier-3 pricing is regarded as significantly undervalued.

Thanks to the 250,000 jobs created in the past 10 years, the city has had a huge population influx that has generated demand for apartments. High-profile infrastructure projects such as the €5.3bn Brandenburg Airport, situated to the south of the current Schönefeld facility, is proving a boon for employment.

INFRASTRUCTURE AND JOBS Another significant project that is helping fuel demand for jobs is Berlin TXL at the site of Tegel Airport. Tegel was the main airport for West Berlin, but will close once Berlin Brandenburg opens in 2018-2019. Berlin TXL — billed as the Urban Tech Republic — will deliver a modern research and industrial park just a short distance from the heart of the city.

To fulfil the accommodation demand — plus that of another 340,000 new residents expected by 2030 — it has been estimated that the city

will need an additional 19,655 new apartments every year.

However in 2014 only 9,000 units were built and this left an imbalance that is driving residential rental and buying prices upwards. IP Global’s 2015 Global Real Estate Outlook notes that the average price of a Berlin apartment increased by 11.7% in 2014. In prime areas of the city such as Mitte, the equivalent figure was even higher (24.2%).

THE LUXURY MARKET While high-end apartments may not be in high demand from tenants, there has been a distinct change in the luxury residential buying market. A recent report in the World Property Journal indicated that Berlin's condominium prices will continue to see substantial growth in years to come. The growth is being driven by strong domestic and foreign demand.

Experts estimate that highend apartments will achieve prices of €10,000/m2 — a leap from current prices of between €4,500/m2 and €6,000/m2.

This segment has already seen massive growth and the number of properties sold in this price bracket grew by 46.5% in 2014.

LIVING IN BERLIN So what does Germany have to offer those who chose to invest in property and reside in the country?

Says Richard Bradstock, director at IP Global in Abu Dhabi: “Take a close look at Berlin’s economic fundamentals and it is easy to see the city’s appeal for real estate investors. Not only is there a significant shortage in housing stock, but Berlin’s economy continues to strengthen as well.

“Job opportunities are on the increase as big infrastructure projects are carried out. This all means the city’s population will continue to grow and the demand for housing along with it.”

Berlin, he notes, always had a reputation as a cool city and was regarded as a thriving European centre for fashion, art and culture.

Living expenses such as food and travel are significantly cheaper than those in London and Paris. A meal at a midrange Berlin restaurant, for example, costs about €40.

An average bottle of wine costs about €5. Petrol is about €1.40/l and a small car such as a Volkswagen Golf (1.4 Trendline) sells for about €18,500. The price of a monthly travel pass is €79 in Berlin, while a similar pass would cost about €175 in the UK capital.

Crime statistics have increased slightly over the past three years but are low, and violent crime is extremely rare.

Buying in Berlin €2,988

price per square metre for a city centre apartment

€1,826

price per square metre for an apartment outside the city centre Source: Numbeo

SOUTHERN AFRICAN INTEREST IP Global says about 70% of its southern African clients invested in 2015 in the UK, 20% in Australia, and a growing proportion (10%) in Germany and the US respectively. In 2014 about 90% invested in the UK and 10% in Australia. While Southern African investors still gravitate towards familiar markets, they now consider

“Experts estimate that high-end apartments will achieve prices of €10,000/m2 — a leap from current prices of between €4,500/m2 and €6,000/m2”

H

HOMEFRONT

Coastal Property

PHOTO: SALLY CHANCE

Looking for the perfect property? Whether you’re relocating to the coast and buying a new house, or after a lock-up-and-go holiday home, find your ideal investment opportunity here

HIGGOVALE

R17 850 000 EXCEPTIONAL VIEWS Bedrooms 6

Bathrooms 6

Garages 3

WEB 372994 The moment you step into this home your stress will dissipate as you take in the most exceptional views of Cape Town.

Modern kitchen and open plan dining room through to lounge and bar perfectly positioned to enthral your guests.

[O] 021 423 9146 MICHELE APPERLEY 072 952 1444 COLETTE JACKSON 082 411 1234

TAMBOERSKLOOF

R18 000 000 A LUXURIOUS LOCK-UP-AND-GO Bedrooms 5 Bathrooms 5 Garages 2

WEB 351359 An elegant home with generous accommodation offering an exceptional lifestyle with spectacular views.

[O] 021 423 9146 MICHAEL HAUSER 082 888 0970 DORIS RICKETTS 082 898 0519

CAMPS BAY

R17 900 000 PRIME GLEN POSITION! Bedrooms 5 Bathrooms 5 Garages 2 Parking 2

WEB 373026 Walled in for privacy & security on sea side of road, a mansion which requires your final touches.

Superb entertainment areas / gym / sauna / wine cellar and staff quarters.

[O] 021 438 1055 POLA JOCUM 083 261 0116 NADINE JOCUM 072 230 1947

CAMPS BAY

R13 995 000 UNBEATABLE LIFESTYLE Bedrooms 3 Bathrooms 3 Garages 2 Parking 2

WEB 369195 Enjoy sensational views from this luxurious duplex townhouse in walk-to-beach location. Spacious living areas flow from open-plan kitchen to wrap-around decks for relaxed sundowners.

[O] 021 438 1055 ROCHELLE SERMAN 072 239 4449 LYN POPE 082 575 1999

buhrein.co.za

sales@mspd.co.za 021 801 5400 082 511 1115

Own the home Live the dream

Hermanus Properties WESTCLIFF

○

ICONIC VILLA

○

AN ALL CLASS HOME

R23,5 MILLION Spectacular from sunrise to sunset this iconic seaside home is one of a few that has a due east outlook over the sparkling ocean beyond. Wrap around balconies with resort style pool area, beautifully crafted interiors, crystal chandeliers, exquisite custom kitchen and many creature comforts. Sumptuous living areas, bookcase lined study, hand crafted pub and gym big enough for a rugby team! All bedrooms are private with luxurious en suites; the palatial master bedroom has its own wing and will steal the heart of the lady of the home. Set on half an acre greened by lush established garden and enough garaging for all the toys.

JOINT AGENTS Contact John Leppan, 082 801 5252, web ref WC-58

EASTCLIFF

○

HEART OF THE VILLAGE

○

MASTERPIECE HOMESTEAD

R7,5 MILLION A short stroll to village shops, cliff paths, marine pool and restaurants. This charming home offers 4 large double bedrooms (all en-suite), a fifth bedroom which could serve as a kid’s bunkroom, study or staff room. A culinary inspired kitchen and hip and trendy interiors throughout complete the picture.

This home is set in a magnificently lush tranquil garden with calming water feature and a swimming pool located right next to the conversation corner and braai area. Special attention to details has been given to create an environment both sophisticated and entertainment friendly with all the essential mod cons.

SOLE AGENT Contact Kate Woodhatch, 082 440 0104, Web Ref EC-83

WESTCLIFF

○

SUNNY THATCHED COTTAGE

R4,5 MILLION Stroll along the cliff path just outside the front gate. Enjoying double street frontage, lovely private garden, patio with beautiful sea views. Main cottage 2 bedrooms and 2 Bathrooms (mainen-suite). Formal lounge and main bedroom have ocean views.

Fully equipped modern kitchen with granite work surfaces and large open plan TV sun lounge and dining area opens onto natural pool side living area. Pretty garden guest cottage with large main bedroom en-suite and second bedroom/study, and auto garages. Fully restored & decorated – move straight in!

SOLE AGENT Contact Allan Lotter 072 768 9984, web ref WC-57

Tel 028 313 0914

○

153 Main Road, Hermanus 7200

○

www.hpsrealty.co.za

HOUT BAY | LLANDUDNO | ATLANTIC SEABOARD 30 YEARS EXPERIENCE AND RECORD SALES

Lola Kramer

Shaun Kramer

PROFESSIONAL SERVICE | PERSONAL TOUCH

Looking for a new home or investment? We can help!

Contact us, email: thesmartchoice@lolakramer.com phone: 079 520 9769 PROPERTIES FOR SALE - ATLANTIC SEABOARD / LLANDUDNO / HOUT BAY HOUSES 1. POA 2. 58M 3. 55M 4. 49M 5. 24.9M 6. 16.5M 7. 15M 8. 11.95M 9. 11.5M

1181 Sqm / 4 Beds / 4 Bath / 2 Gar 1479 Sqm / 5 Beds / 5 Bath / 2 Gar 1123 Sqm / 5 Beds / 5 Bath / 2 Gar 685 Sqm / 6 Beds / 6 Bath / 7 Gar 1090 Sqm / 4 Beds / 4 Bath / 2 Gar 476 Sqm / 5Beds / 3 Bath / 4 Gar 1398 Sqm / 5 Beds / 5 Bath / 3Gar 1200 Sqm / 5 Beds / 4 Bath / 4 Gar 410 Sqm / 4 Beds / 2 Bath / 1 Gar

SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 SHAUN KRAMER: 079 520 9769 LOLA KRAMER: 083 252 1023

10. 6.5M 11. 5.995M 12. 4.25M 13. 4.5M 14. 2.8M 15. 9.995M 16. 9.995M 17. 6.995M

1889 Sqm / 4 HOUSES 746 Sqm / 4 Beds / 3.5 Bath / 2 Park 497 Sqm /4 Beds / 3 Bath / 1 Gar 3605 Sqm /3 Beds / 3 Bath / 2 Gar 496 Sqm /3 Beds /2 Bath / 1 Gar 1010 Sqm / 5 Beds / 4 Bath / 2 Gar 2577Sqm / 6 Beds / 4 Bath / 3 Gar 405 Sqm / 5 Beds / 5 Bath / 3 Gar

SHAUN KRAMER: 079 520 9769 LOLA KRAMER: 083 252 1023 SACHA GEERE: 079 748 4911 JENADE WHITE: 084 902 4727 BLAINE BUSKE: 083 590 5049 SHAUN KRAMER: 079 520 9769 LOLA KRAMER: 083 252 1023 JENADE WHITE: 084 902 4727

SMALL HOLDINGS 1. 28M 2. 23.9M 3. 19M

8128 Sqm / 8 Beds / 8 Bath / 3Gar SHAUN KRAMER: 079 520 9769 4. 17M 3933 Sqm / 7 Beds / 5 Bath / 2 Gar SHAUN KRAMER: 079 520 9769 5. 13.9M 31000 Sqm / 20 Beds / 5 Stables / 4 Gar SHAUN KRAMER: 079 520 9769 6. 11.5M

12000 Sqm / 12 Beds / 4 Cottage SHAUN KRAMER: 079 520 9769 8542 Sqm / 4 Beds / 4 Bath / 4 Gar SHAUN KRAMER: 079 520 9769 8359Sqm / 5 Beds / 4 Bath / 1 Gar LOLA KRAMER: 083 252 1023

SECURITY ESTATES 1. 12.5M 1580 Sqm / 5 Beds / 5 Bath / 1 Gar SHAUN KRAMER: 079 520 9769 4. 7.95M 1420Sqm / 4 Beds / 3 Bath / 2 Gar SHAUN KRAMER: 079 520 9769 2. 11.995M 3295 Sqm / 4 Beds / 3 Bath / 2 Gar VANA : 083 549 9044 5. 5.995M 514 Sqm / 3 Beds / 2.5 Bath / 2 Gar VANA : 083 549 9044 3. 9.75M 1550 Sqm / 4 Beds / 4 Bath / 2 Gar LOLA KRAMER: 083 252 1023 6. 3.5M 2000 Sqm /2 Beds / 1 Bath / 2Gar SHAUN KRAMER: 079 520 9769 VACANT LAND 1. 8M 2. 6M 3. 4.2M 4. 3.4M 5. 2.995M

1058Sqm 16656 Sqm 1201 Sqm 1155Sqm 2000Sqm

6. 3.5M 7. 2.25M 8. R950 000 9. R895 000 10. R750 000

LIEVEKE KOELMA: 083 552 5958 SHAUN KRAMER: 079 520 9769 BLAINE BUSKE: 083 590 5049 SHAUN KRAMER: 079 520 9769 LIEVEKE KOELMA: 083 552 5958

912Sqm 1312Sqm 648Sqm 693Sqm 749Sqm

LIEVEKE KOELMA: 083 552 5958

VANA : 083 549 9044 BLAINE BUSKE: 083 590 5049 BLAINE BUSKE: 083 590 5049 LIEVEKE KOELMA: 083 552 5958

APARTMENTS 1. 3.35M 2. 3.15M 3. 1.75M

2 Beds / 4 Bath / 2 Gar 3 Beds / 3 Bath / PARKING 2 Beds / 1 Bath / PARKING

We also have a selection of secret stock to suite your needs. Get in touch email your requirements to consultantants@lolakramer.com SOME PROPERTIES SOLD BY LOLA KRAMER PROPERTIES IN 2015 1.

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8.8M STONEYBROOKE SECURITY ESTATE 24M LLANDUDNO 24M CLIFTON 9.3M CAMPS BAY 8.7M MAIN ROAD 8.45M ORANGEKLOOF 8M CONSTANTIA NEK FARM 6.9M SCOTT ESTATE 7.8M SEA POINT 6.7M BERG-EN-DAL ESTATE 6.5M BERG-EN-DAL 6.3M MOUNT RHODES 6.3M AVIGNON SECURITY ESTATE 5.5M VICTORSKLOOF 5.25M BERG-EN-DAL SECURITY ESTATE 4.995M MAIN ROAD PLOT 4.95M BOKKERMANSKLOOF 5.5M VICTORSKLOOF

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4.95M BOKKERMANSKLOOF 4.695M KLEIN LEEUKOP ESTATE 4.5M SCOTT ESTATE 4.3M VREDEHOEK 4.2M SEA POINT 3.995M KRONENZICHT VILLAS 3.75M THE MEADOWS 3.495 SCOTT ESTATE 3.3M DIEPRIVER 3.195M SCOTT ESTATE 3.2M CAMPS BAY 3.1M NORTHSHORE 3.1M SEA POINT 2.995M HARBOUR HEIGHTS 2.995M LONGKLOOF 2.9M SEA POINT 2.795M HARBOUR HEIGHTS 2.75M HARBOUR HEIGHTS

[WWW.LOLAKRAMER.COM]

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2.65M BEACH ESTATE 2.495M KRONENZICHT PLOT 2.3M SEA POINT 2.25M AVIGNON SECURITY ESTATE / PLOT 2.195M BEACH ESTATE 2.050M VICTORSKLOOF 3 PLOTS SOLD 1.995M BEACH ESTATE 1.85M SEA POINT 1.695M WOODSTOCK 1.65M TOKAI TOWNHOUSE 1.65M BEACH ESTATE APARTMENT 1.55M BANTRY BAY 1.5M THREE ANCHOR BAY 1.45M PRINCESS BEACH 2 UNITS SOLD 6 1.295M THE BREAKERS 8 UNITS SOLD 1.295M CLAREMONT APARTMENT 1.2M BAVIAANSKLOOF APARTMENT R 950 000 HARBOUR HEIGHTS APARTMENT R 950 000 HARBOUR HEIGHTS APARTMENT CONNEMARA DEVELOPMENT 10 PLOTS SOLD

Ref#1TV1250623

Ref#1TV1233995

Sunset Beach / R4.7 million

Flamingo Vlei / R12 million

Bedrooms 4 / Bathrooms 3 / Garages 3 / This well-maintained home is only 200 metres from the beach and offers a family all they require.

Bedrooms 7 / Bathrooms 7 / Garages 4 / Spectacular and newly built mansion with huge guesthouse potential. For the discerning and sophisticated buyer.

Robyn Stawski 082 559 7563

Paolo Girardi 083 259 8245

Ref#1TV1186145

Ref# 1TV1190639

Big Bay / R7.9 million

Sunningdale / R4.495 million

Bedrooms 5 / Bathrooms 3 / Parkings 2 / This exquisite villa has everything to offer including natural wood flooring, soft close Duco kitchen cupboards, a Jacuzzi and more.

Bedrooms 5 / Bathrooms 4 / Garages 3 / Entering through the grand double-volume entrance, you know that this is the home that you have dreamt of.

Hjalmar Larsen 082 940 8034 Tanya Kriel 082 413 9824

Linda Middleditch 082 433 4412

WESTERN SEABOARD Blouberg: 021 557 1115 / Big Bay: 021 554 0033 / Sunningdale: 021 556 2362 / Sunset Beach: 021 551 8640 Atlantic Beach Estate: 021 201 8706 / pamgolding.co.za/western-seaboard

pamgolding.co.za

R21 million

Ref# FC34915

Bedrooms 6 / Bathrooms 6 / Garages 4 / Unique Links Ridge residence that frames impeccable views. Considered finishes and an attention to detail is paid throughout. Includes 2-bedroom self-contained cottage, wine cellar, jacuzzi, sauna and steam room.

R12.9 million

Ref# FC30713

Bedrooms 4 / Bathrooms 4 / Garages 2 / A sought-after residence situated on one of the finest locations on the estate. Relaxed living areas seamlessly flow between exterior and interior spaces, with fine attention paid to detail throughout.

FANCOURT

R5.2 million

Ref# FC40615

Bedrooms 2 / Bathrooms 2 / Garages 1 / Luxury and green design meet in this newly completed unit within the estate’s eco-friendly development. Open-plan living creates effortless transition from the interiors to the exterior deck and barbecue area.

/PamGoldingProperties

pamgolding.co.za

@PamGoldingGroup

R11.3 million

Ref# FC45815

Bedrooms 4 / Bathrooms 4 / Garages 2 / Grand Cape Dutch homestead exceptionally well positioned. Considered design creates a seamless flow from the interior to the exterior, and to the home’s verdant surrounds. Includes double golf cart garage.

SECURE ONE OF SA’S BEST LIFESTYLES

FROM SPACIOUS THREE-BEDROOM APARTMENTS, TO AN ULTRA-LUXURIOUS EIGHT-BEDROOM PENTHOUSE WE OFFER A VARIETY OF LIFESTYLE OPTIONS

APARTMENT 7015 AVAILABLE TO VIEW THIS WEEKEND – 10AM TO 5PM Due to high demand for access to our 12423 show apartment, we have had to relocate our sales/show apartment to unit 7015, overlooking the new 7th island hole on the Jack Nicklaus signature course.

ADDRESS DETAILS Apartment 7015 (Entrance on Lloys Ellis Avenue, off Osborne Ave, at Houghton on the 7th).

Office – 011 034 2201 || Alan Becker – 082 718 8100 Email – alan@thehoughton.com

WESTERN CAPE SET ON OVER AN ACRE OF LANDSCAPED GARDEN IS THIS GORGEOUS CHILDREN-FRIENDLY HOME WITH TENNIS COURT. Stunning False Bay views by day and flickering distant lights by night are a magical back drop to this vast property of 4-5 en suite bedrooms in the main house, plus a lavish full self-contained 2 bedroom en suite cottage. Double staff suite and 3 garages. 2 Boreholes and irrigation system.

BEDROOMS: 4 BATHROOMS: 4 Charne Shipper 083 274 6336 Ingrid Hoaten 082 490 6246 Web Ref: 93441

UPPER CONSTANTIA R24 million

GAUTENG LOVINGLY RESTORED. Built in 1902 for Winfred Wynberg, and designed

by Sir Herbert Baker, a perfect example of an early South African hunting lodge. On 3065msq and lovingly restored, this 3 bedroom home features yellow wood floors, Afromosia wood cabinetry, and 5 original fireplaces. The perfect home for lovers of authenticity.

BEDROOMS: 3 BATHROOMS: 3 Joan Mendelsohn 083 267 3124 Lynne Baker 082 493 1006 Web Ref: 93816

INANDA R11.5 million

GAUTENG DAZZLING GREENBELT VIEWS This newly completed home exudes space and light. Formal lounge with separate TV room/study open onto the expansive irrigated garden and pool area. A large dining room, opening onto a covered patio, overlook the immaculate kitchen.

An en-suite guest room downstairs. 3 en-suite bedrooms make this the ideal family home. The master suite features a large dressing room.

BEDROOMS: 4 BATHROOMS: 4 John Conradie 082 859 0940 Adelien Coetzee 083 631 9050 Web Ref: 98996

WATERFALL ESTATE R8.95 million

RESIDENTIAL SALES & MARKETING • RENTALS • DEVELOPMENTS • HOME LOANS