A Forecast of Port Elizabeth’s Promising Property Market

Real estate in Port Elizabeth (PE) is achieving phenomenal prices, as witnessed by the sale last year of the most expensive property in Port Elizabeth for a record R16 million – a deal could well boost other properties values in PE. This boom is influenced by the economic forces that shape the national property market.

PE has a lot to offer the prospective property buyer – be it for investment purposes or as an investment. The average properties are more affordable than some of SA’s other metros and buyers can pick up fabulous bargains.

PE’s average house price inflation is impressive – achieving an average of 6.3%, a mere 3% behind Cape Town’s average increase – 4.3% behind the Cape Metro, as this diagram indicates below:

Inflation

Source: Lightstone

 

Sizable investments in PE – such as the Coega IDZ and other areas earmarked by government for fast-tracked development – is one of the major reasons it is experiencing this property value surge. And this trend is expected to continue: the demand for freehold and sectional title developments is steading increasing in the lower price bracket. PE is quickly shaping up to be the live-work-play lifestyle leader of the Eastern Cape. It’s safe to say that the long-term rental prospects for Port Elizabeth look extremely promising.

IGrow makes it easy to invest in property PE, bringing you the latest in eco-friendly housing: Fourleaf Estate in – the first residential estate in Africa that has been awarded the prestigious EDGE certification.

A property in this superb estate is ideal for the savvy investor: the returns achievable through buying only one property in Fourleaf Estate equals those of a unit trust investment over the same number of years, but the initial outlay is a mere tenth of what would have been necessary for the unit trust investment, as illustrated in this graph:

image009

Source: IGrow

 

If, as an investor, you had a choice of where to put your money and achieve the exact same return, would you prefer to:

  1. Invest only R68 500 in a geared property and achieve a return of R3 066 909

OR

  1. Invest R658 000 (10 x times that amount) and achieve the exact same return.

It really makes more sense to spend the initially low cost of investing in a property and allowing the power of gearing, as well as a property investment team of experts managing your investment, to set about growing your investment over the years, to achieve the same future value. It is possible to achieve your investment goals with a relatively small upfront cost, as shown above.

For more information, or to reserve your unit please visit http://igrow.co.za/fourleaf-estate/

Delicious and Healthy Muffins

Delicious and Healthy Muffins

Ingredients:muf

3 ripe bananas, mashed

75g rolled oats (3/4 cup)

2 eggs

½ cup milk

1 small handful chopped walnuts (optional)

¼ cup of 100% pure maple syrup

2 cups wholemeal flour

1 tsp baking soda

½ tsp ground cinnamon

1 tsp vanilla extract

 

Directions:

  1. Preheat oven to 180C. Line a 12 cup muffin tray with paper cases.
  2. In a large bowl, whisk together the egg, maple syrup and vanilla extract until well combined. The mixture should appear fluffy with bubbles starting to form. Mix in the mashed bananas, walnuts and milk.
  3. In a separate bowl, combine the rolled oats, wholemeal flour, baking soda and cinnamon.
  4. Add the banana mix to the dry ingredients and mix with a wooden spoon, until just combined.
  5. Divide the batter evenly between the 12 cases.
  6. Bake the muffins for 20-25minutes, or until a skewer inserted into the middle of the muffin comes out clean.
  7. Leave the muffins to cool for 5 minutes in the muffin pan. Turn out carefully onto a wire rack to cool completely. If you like, top them with a slice of fresh banana.

ENJOY J

Tomato and Garlic Braai Bread

`12345 SPRING HAS SPRUNG WHICH MEANS MORE LAZY BRAAI DAYS!

TRY THIS AMAZING BRAAI BREAD TO ACCOMPANY YOUR MEAT.

Tomato and Garlic Braai Bread

Combine 150g softened butter, 4 teaspoons chopped garlic and 2 teaspoons tomato paste and mix well.

Mix together ½ cup sliced and fried mushrooms, ½ can All gold Mediterranean style tomatoes (drained), a handful chopped basil and half cup grated mozzarella. Add some seasoning.

Slice 1 large ciabatta bread, being careful not to cut all the way through.

Spread butter mixture evenly between slices and spoon in tomato mixture.

Scatter another cup of grated mozzarella cheese and some seasoning.

Place on foil, wrap closed and braai over medium coals for 30 minutes, turning every 5 minutes. Alternatively, bake in oven at 180C for 15-20 minutes.

Makes 10 slices.

 

Spicy Chicken Curry

A subtly flavoured curry, not at all hot

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INGREDIENTS:

  • 25ml oil
  • 25kg chicken piecesSalt and black pepper
  • 2 large onions, chopped
  • 2 cloves garlic, crushed
  • 2 apples, peeled and chopped
  • 1 knob root ginger, peeled and grated
  • 50ml flour
  • 15ml curry powder
  • 5ml tumertic
  • 5ml ground cinnamon
  • 5ml ground coriander
  • 2ml ground cumin
  • 500ml seasoned chicken stock
  • 100ml sultanas
  • 15ml honey
  • 25ml tomato paste
  • 25ml chutney
  • Finely grated rind of ½ lemon
  • 2 bay leaves

METHOD

Heat oil in saucepan and brown chicken on both sides. Transfer to large baking dish and season. Add a little more oil to saucepan if necessary and sauté onions, garlic, apples and ginger. When softened, sprinkle in flour, curry powder and spices. Slowly add stock and stir until boiling. Stir in sultanas, honey, tomato paste, chutney and lemon rind. The sauce will be thick and chunky. Spoon over chicken, tuck in bay leaves, cover and bake at 160 degrees Celsius for about 1hr 30mins or until tender. Serves 6.

If desired, enrich gravy with a little cream or sour cream. Serve with rice and sambals.

White chocolate and Passionfruit Tart

INGREDIENTS:granadillacreampie2

  • 1 ¼ cups (185g) plain flour
  • ½ cup (80g) icing sugar
  • 125g cold, unsalted butter, chopped
  • 1 tbsp iced water, approximately
  • 180g white chocolate, melted
  • 1/3 cup (80ml) thickened cream
  • 385g Sweetened condensed milk
  • ¼ cup (60ml) lime juice
  • 2 passionfruit, pulp remove

METHOD:

  1. Preheat oven to 200*C or 180*C fan forced. Grease a 35cm x 12.5cm loose base flan tin
  1. Using a food processor, process flour, icing sugar and butter until mixture resembles fine breadcrumbs; add enough water to make ingredients come together; turn dough out into lightly floured surface, knead until smooth, wrap in plastic wrap, cover and refrigerate for 30 minutes.
  1. Place tin on oven tray, cover pastry with baking paper, fill with dried beans or uncooked rice and bake for 20mins, carefully remove paper and beans/rice and bake for a further 10 minutes. Allow to cool.
  1. Combine white chocolate and cream in a bowl, whisk until smooth, pour into pastry case and refrigerate for an hour.
  1. Combine Condensed milk, lime juice and passionfruit pulp, pour mixture over white chocolate layer and refrigerate for 3 hours or overnight.

45 minute cinnamon rolls

INGREDIENTS:A5

  • 2 and ¾ cups all-purpose flour
  • 3 Tablespoons granulated sugar
  • 1 teaspoon salt
  • 1 package instant yeast (1 packet = 2 and ¼ teaspoons)
  • ½ cup water
  • ¼ cup milk
  • 2 Tablespoons unsalted butter
  • 1 large egg

FILLING:

  • ¼ cup (1/2 stick) unsalted butter, softened to room temperature
  • 2 Tablespoons ground cinnamon
  • ¼ cup brown sugar

GLAZE:

  • 1 cup powdered sugar
  • 1 teaspoon vanilla extract
  • 2-3 Tablespoons milk or coffee

INSTRUCTIONS:

  1. TO MAKE DOUGH: In a large bowl, mix the flour, the sugar, salt, and yeast together until evenly dispersed. Set aside. In a small microwavable bowl, heat the water, milk, and butter together in the microwave until the butter is melted (about 30-45 seconds). Stir the butter mixture into the flour mixture. Add the egg and knead with hand or with stand mixer for 3-4 minutes or until the dough is no longer sticky. Place in a lightly greased bowl and let rest for about 5 minutes.
    .
  2. PREHEAT THE OVEN to 200 degrees and turn off after 10 minutes or just before placing rolls in oven.
    .
  3. TO MAKE FILLING: After the dough has rested for 5 minutes, roll it out in a 15×9 inch rectangle. Spread the softened butter on top. Mix together the cinnamon and sugar and sprinkle it all over the dough. Roll up the dough tightly and cut into 9 (large) even piece. Place in a lightly greased 9-inch or square pan (or cut into 12 small pieces and place in a 9×13 pan) and lightly cover with aluminium foil or plastic wrap.
    .
  4. TURN OFF the oven and place the cinnamon buns in the oven to rise for 20 minutes. Keep the buns in the oven (REMOVE THE FOIL OR PLASTIC) and turn on the oven to 375F. Bake the cinnamon rolls for 15-20 minutes or until golden. Remove from oven and top with glaze.
    .
  5. TO MAKE GLAZE: Mix the powdered sugar, vanilla and 2 Tablespoons milk together until smooth and lump free. Drizzle over warm rolls.