02/03/2017
Check this out about our business prospects in the Bay .....
Port Elizabeth: Now one of SA's top 3 coastal markets. Here's why:
• At 7.2%, Port Elizabeth’s house price inflation remains above the national average.
• Data shows that this is in part due to its coastal location and relatively secure lifestyle.
• It’s also because the Friendly City offers good access to metros and economic hubs - and outstanding value for money when compared with similar international destinations.
• The Eastern Cape region is an area to watch on the back of growing investment by local and international buyers wanting a coastal lifestyle, combined with good governance and value for money homes.
• Many new business and residential nodes are springing up, which is driving up demand for residential properties.
• Bond originator ooba’s figures show that the purchase of investment properties and holiday homes is on the rise, from 3% - 5% and 0.3% - 0.5% respectively.
In addition to this, Nelson Mandela Bay Municipality has filled 128 critical vacancies - which will continue to improve service delivery and have a positive impact on PE’s future growth and prospects.
