As cities grow and lifestyles evolve, shared spaces have emerged as the heartbeat of urban living. Shared spaces are a modern solution to urban challenges and resonate with today’s city dwellers. These thoughtfully designed communal areas—ranging from rooftop gardens to co-working spaces and shared entertainment facilities—are redefining the way people live by fostering connection, promoting...
From the Western Cape to KwaZulu-Natal and Gauteng, Lightstone property data has revealed the suburbs where expensive properties were sold in South Africa - ranging from R20 million to R50 million. In the Western Cape, three Cape Town suburbs recorded sales of R50 million including Bishopscourt, Clifton and Bantry Bay.The Western Cape was also the province that accounted for the top 27 suburbs, with...
Get graded, is the call of the Tourism Grading Council of South Africa (TGCSA) to tourism accommodation providers and venues ahead of November’s G20, the first time the international forum will be on African soil.As South Africa prepares for the G20 - an international forum of both developing and developed countries which seeks to find solutions to global economic and financial issues - the Tourism...
The property sector has come out in strong support of a robust and decisive interest rate cut, while some believe a 25bps cut this week is a given, others say it should be no less than 50bps to make some impact on the lives of South Africans.Samuel Seeff, chairman of the Seeff Property Group, says the Reserve Bank must consider a minimum 50bps to counter decreasing growth and unemployment risks.“The time...
Some economists do not believe there will be significant interest rate cuts this year with some predicting a maximum of a mere 50 basis points (bps) cuts for the entire year of 2025 and others even predicting only one rate cut.The last cut came in November last year when the South African Reserve Bank (SARB) cut the interest rate by 25 basis points.The interest rate fell from 8% to 7.75%. This meant that...
South African consumers are holding on to their money, being cautious about property purchases and not taking on more lending, according to economists.A possible rate cut this week on Thursday could give consumers impetus to start spending but it still wouldn’t be enough to see a drastic uptick in home buying, says Standard Bank's head of Home Services Toni Anderson.This is despite the property market...
There are many benefits to investing in a more manageable apartment later in life, but retirees must consider some key factors before making that all important decision. Barto van der Merwe, Managing Director, Renishaw Property Developments said: "Today’s retirees are not necessarily looking for just a bit of downtime, but are maximising their time with hobbies, activities, and travel where...
The huge influx of South Africans moving to Cape Town from Johannesburg has subsided and in fact, 2024 saw over R1 billion worth of office space sold in the city of gold. Rory O’Hagan, a principal of Chas Everitt Hyde Park and Sandton said that “2024 was certainly a delicious year for our Johannesburg offices” and noted that the total value of sales for the year was over R1,24 billion. He...
The rapid pace at which some municipalities are deteriorating threatens to undermine investor confidence and hinder the growth of the commercial and industrial real estate sectors, says Neil Gopal, CEO of SAPOA (South African Property Owners Association).Despite recent positive trends in the property market, the ongoing issues at the municipal level could possibly put a hold on the sector's recovery, he...
When you are selling your home, it is vital that you make a great first impression on potential buyers and by knowing what grabs their attention, you prioritise repairs or upgrades that might appeal to them as well as avoid wasting money on changes they do not care about.This is according to Claude McKirby, co-principal, Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburb."When...
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