In Cape Town, some people are willing to pay around R50 million for apartments or even R70,000 monthly to rent upmarket apartments in the coastal city’s most sought after areas. This is according to property company Seeff Property Group, who said that while more than half of all property sales in the country were still for freehold property, there is a rise in demand for apartments with buyers prepared...
The majority of people renting residential property are doing so due to financial reasons, with almost half of them admitting they cannot afford to buy property, This is according to credit bureau TPN’s latest Tenant Survey, which gives the property sector insights into tenants' needs, wants, aspirations, and challenges. The survey canvassed opinions from over 170,000 tenants, and 19,000 completed...
The rental market in South Africa has been a haven for many who cannot afford to purchase a home yet. But the latest report by Rode Property Consultants, shows how flat vacancies have dropped nationally.According to Rode’s head researcher, Kobus Lamprecht, Cape Town is the most expensive place to rent in the country.“Cape Town’s demand for housing is being boosted by the city’s perceived better...
Selling property has become a daunting task for property owners due to the real estate market being impacted by high inflation and repo rates, economic uncertainty and slow house inflation.This means that homes in different areas are lingering on the property market for longer.According to Cobus Odendaal, the chief executive of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg,...
Navigating the rental market for the first time might be intimidating, but with the proper advice, prospective tenants can find a property that fits their lifestyle and budget.The chief executive of Harcourts South Africa, provided advice for first-time tenants on how to successfully navigate the rental market.Understand your budgetBefore you begin looking for a rental property, you must first identify...
The rental market in South Africa has been a haven for many who cannot afford to purchase a home yet. But the latest report by Rode Property Consultants, shows how flat vacancies have dropped nationally.According to Rode’s head researcher, Kobus Lamprecht, Cape Town is the most expensive place to rent in the country.“Cape Town’s demand for housing is being boosted by the city’s perceived better...
While no one wants to experience a burglary or robbery, the good news is that there are actions you can take to reduce the danger of your home being invaded. Picture: Pexels When it comes to statistics, South Africa is sure to be among the highest in most types of crimes. This sad reality includes being in the countries with the most violence, sexual assaults and even home invasions or...
A villa in the affluent Garden Route area of the Western Cape has hit the market and is going for a cool R75 million. The home is located in Wilderness and has been named as the most expensive home in the area. The Garden Route is known for its for its serene coastline and according to Remax property has gained popularity among prospective homeowners since the Covid-19 pandemic and the influx of remote...
Interest rates are likely to start entering a downward cycle later this year, which is a good sign for home buyers and investors. This is according to Carol Reynolds, area manager for Durban Coastal at Pam Golding Properties. Reynolds said if investors could secure an investment now and get the numbers to work within your budget at the current interest rates. She said investors and property buyers...
Angry residents in parts of Randburg have been told to expect prolonged power cuts after technicians from Joburg City Power reported they were locked out from a switching station. Most parts of South Africa have been load shedding free for over 25 days as power utility Eskom remarkably is able to meet demand. But some areas have been affected by unplanned and routine outages. One of these areas were...
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