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Monday Sep 03, 2018

Downscaling drives almost 40% of home sales

Almost 40% of people selling property in South Africa are doing so to downscale, either because they are ageing or to save money, according to the latest stats.

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The rental market: Buying not on cards for Gen Z

Adults under the age of 25 are opting to stay put under their parents' roof. Latest stats show Generation Z is taking longer than their millennial counterparts to start renting or buying their own property.

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Joburg destroys illegal buildings

The City of Joburg has warned that the remaining 52 demolition orders for illegal buildings are to follow soon.

The first two were carried out in Northcliff and Cyrildene on Friday.

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Women in property: More single females buy than men or couples

Lightstone, the property data analysts, says there has been a steady increase in the number of female buyers since 2016.

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Uncertainty over land expropriation

Land expropriation without compensation could see an increase in agricultural property being sold as farmers and property owners consider the potential outcomes of the policy.

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