Real Estate

How to choose the best area to live in

When you buy a home you are also buying into the neighbourhood. When you buy a home you are also buying into the neighbourhood. Make sure it suits your lifestyle... That’s why it’s important to identify the wants and needs you have of your home and the location before making the commitment to home ownership. From crime rates to area amenities, there are many things that need to be considered....

Properties in demand – Cape Town leads stock count and sales in upper price bands, Joburg and Ekurhuleni in the lower band

Gauteng dominates R600k price band The stock of 200 000 in the six metros is made up of 150 000 (75%) Freehold and 50 000 (25%) Sectional Title units. However, the transaction rate within Sectional Schemes was higher, with 56% of the 15 000 sales taking place in Sectional Scheme, as opposed to 44% on Freehold properties. This suggests that demand for Sectional Scheme units is high in this price band...

A repo rate reprieve – what does it mean for property?

Homeowners stay the course Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa shares that “The fact that the MPC hasn’t raised interest rates at this meeting should afford debtholders more time to adjust to their higher repayment amounts. The one consolation for debtholders (such as homeowners with mortgages) is that once our inflation is fully under control, we should hopefully...

The PPRA going after illegal practitioners and undesirable business practices

Speaking at the PPRA event, held in partnership with the Minister of Human Settlements, Steven Ngubeni, Chairperson of the PPRA had strong words for illegal estate agents, and reiterated the Authority’s desire to root out the undesirable practices of paying accreditation fees to operate within HOAs. Illegal practitioners ‘are an infestation’ Thanking the 1,000-odd candidate practitioners who...

Home, sweet, (brand new) Home | The benefits of buying off plan for first time home owners

Buying property off-plan is a great way for first-time homebuyers to get a foot on the property ladder. It comes without transfer duty as there is no prior owner, and the VAT is included in the purchase price. For these same reasons, it is also an appealing option for someone looking to purchase an investment property that can be rented out to generate income. Early purchasers have an added advantage...

The impact of population trends on housing demand in South Africa

One of the key underpinnings of any housing market is the demographics of its population, in particular population growth – which, if positive, translates into increasing demand for homes. With its young population, the South African housing market has a very solid underpin – limited to some extent by the current weak economic growth rate and high unemployment rate. According to Lightstone, about...

Appetite for investment or buy-to-let residential property

While national house price inflation continues to ease, slowing to 2.99% in September (2022) according to the latest Pam Golding Residential Property Index, encouragingly for investors, the pace of the slowdown is decelerating, suggesting that a lower turning point may be approaching. Despite rising interest rates, renewed price pressures, and subdued economic growth prospects, activity in the national...

Bad news for home owners in South Africa

South Africans are facing unprecedented financial pressure, with inflation at a 13-year high of 7.8% as of July, says Tony Clarke, MD of the Rawson Property Group. Food, fuel and transport have all reached record levels in recent months. Some basic food items have seen increases of more than 100%. With little control over contributing factors like the ongoing electricity crisis and the war in Ukraine,...

The Cinderella of Joburg’s property market

Long overshadowed by the more ‘prestigious’ northern suburbs, Johannesburg East is finally shedding its Cinderella mantle with a sharp increase in the value and volume of sales, and Ekurhuleni now emerging as Gauteng’s rising star and development hot spot. Citing Lightstone data, Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg, said that since 2020...

Compare listings

Compare