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Welcome

Welcome to Olga Natar Estates online. We’ve been in the real estate business for over 20 years, which means we have the know-how and the determination to help you find the perfect property for you or your business.

Our primary business is a Property Consultancy / Estate Agency business specialising in marketing Residential Developments, Residential properties / Commercial and Industrial, as well as property management.

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With the use of specialised technology tools and adopting new methods we find new and faster ways of connecting to the buyers in each area.

Bedfordview Homeowners will tell you all you need to know about our communication process, the services we offer and the efforts we make to serve the real estate industry as a whole.

 

Residential Properties

I think you’ll all agree with us that residential property is a good investment. The best proof of this is your own private home. According to surveys carried out by the banks, people live in a house for an average of seven years before selling it to buy another one. As far as we know, no-one has ever received less after seven years than what they paid in the first place.  According to ABSA, the average growth on residential property over the past 20 years has been in the region of 13% per annum. It’s been a lot higher over the last four years, but let’s stick to 13% and do a little calculation. A house that cost R360,000 seven years ago would sell for R846,000 today. History shows us that residential property has always grown positively over the medium term, with far less volatility in growth than the stock market, for example. Residential property is also far more stable than commercial property. The reason for this is that residential property is one of man’s three basic needs; the three are food, clothing and shelter. An investment in any of these will always have a greater chance of success, because it won’t be dependent on the economy. Regardless of what the economy does, you still need a house (the shelter).

Residential Developments

Residential development is real estate development for residential purposes. Some such developments are called a subdivision, when the land is divided into erfs with houses constructed on each erf. Why shop for development properties? Avoid Transfer Duties – Avoid the massive transfer costs associated with acquiring an existing property, leaving you free to invest all that money into your dream home. Customise Your Home With development properties you can design your ideal living experience. Customise your home to create the best possible lifestyle for you and your family. Most residential properties sold “off plan” gives you the option of choosing your own finishes/pc’s. ie flooring, windows, tiles, kitchen, appliances etc.   Save on Maintenance – Your newly built home will require hardly any maintenance in the first few years. Everything in it is fresh, from the paint on the walls to the bathroom fittings. Resale value – one can either double there initial investment on the land and the property intended to generate a profit, either from capital gain or rental income.

Commercial Trends

To be a player in commercial real estate, learn to think like a professional. For example, know that commercial property is valued differently than residential property. Income on commercial real estate is directly related to its usable square footage. That’s not the case with individual homes. You’ll also see a bigger cash flow with commercial property. The math is simple: you’ll earn more income on multifamily dwellings, for instance, than on a single-family home. Know also that commercial property leases are longer than on single-family residences. That paves the way for greater cash flow. Lastly, if you’re in a tighter credit environment, make sure to come knocking with cash in hand. Commercial property lenders like to see at least 30% down before they’ll give a loan the green light. Property that is used solely for business purposes. Examples of commercial real estate include malls, office parks, restaurants, gas stations, convenience stores and office towers. Escalations are now more in line with inflation and tenants will be in the driving seat for as long as vacancy levels are high and this is expected to change over the next 12 to 18 months. However, rentals have come down from their all time highs in these areas of above R120 per square metre to about R95 per square metre, pointing out that they don’t expect rentals in these areas to rise this year.

Industrial Trends

“There are generally less emotions involved in buying or renting out industrial properties as opposed to residential properties, as the property will be used for business purposes and not family. ”Unlike the residential market, which has endured hard times, the industrial market has been the least affected sector in the property market over the past few years. Compared to the commercial and residential market, it has definitely held its value better, and in most areas, prices have taken a knock with the knock in the economy, however, unlike the commercial and residential markets, some sought-after industrial areas have seen a large increase in property prices, he points out. “What makes industrial property a better buy, is that when buying a residential property you pay VAT on the transfer duty but cannot claim this back, whereas with industrial and commercial property, you are able to claim back on the VAT on your transfer duty if you are a registered VAT Vendor, therefore the purchase price of the property is its true purchase price.” The average gross rental for existing space has marginally grown to R32 per square metre from R30 per square metre since 2009.