The KwaZulu-Natal North Coast remains one of South Africa’s most sought-after and fastest-growing regions, despite challenges within the province in recent years. Desirable infrastructure and amenities such as schooling, healthcare and medical practices, retail malls and centres, Blue Flag beaches, and strong urban precinct management, are magnets for property buyers, states Rainmaker Marketing’s...
Semigration to Cape Town has been a growing trend over the past few years but, since 2021 specifically, there has been a surge of South Africans packing up their lives and moving to the home of Table Mountain.With its natural beauty, quality of life, and good level of governance, the Mother City has been attracting semigrants from all over the country, but certain suburbs appear to have a magnetic pull...
South African homeowners may feel a little more at ease following the South African Reserve Bank’s decision to keep the repo rate unchanged, but when you see exactly how much extra money you have had to part ways with this year as a result of the hikes, you may not feel so great.Because the interest rate increased bit by bit during the first six months of 2023 before remaining stable from July, you may...
Financial pressure-induced property sales remain elevated in South Africa, with almost a quarter of all sellers giving up their homes because they can no longer afford them.FNB data for Q3 2023 shows that 23 percent of homes put on the market are due to financial pressure, a figure that is relatively unchanged from the previous quarter.While this may be viewed as a bit of a positive – because the numbers...
If you plan to make 2024 the year you finally buy a home, you should consider moving your goal post a little and, rather, look to purchase over the festive season. While many people feel there are too many distractions to allow for a successful property purchase, real estate professionals say there are some good advantages to buying during the holiday rush.In fact, the festive season brings a unique...
Heat waves predicted for parts of the country this week could be the start of another very hot summer in South Africa, and if you do not have air-conditioning at home, you may already be feeling the heat.And we all know the frustration and discomfort that come with not being able to escape the rising temperatures and humidity, and not being able to feel a breeze through open doors or windows.Fortunately,...
Solar panels have emerged as a valuable investment for South African homeowners and businesses, but these investments are at a growing risk of theft.Recent reports have highlighted a concerning increase in solar panel theft cases across the country, causing financial losses and hindering our journey towards a greener future.Recognising the urgency of this issue, insurance experts, local security companies,...
From starting a new job in a new area to no longer being able to afford rent, there are a number of reasons a tenant may want to end a lease early.So, before signing a new lease, make sure to check that it makes provision for early cancellation as per the Consumer Protection Act (CPA).After all, this Act is intended to protect the rights of both landlords and tenants.In the case of early lease termination,...
In a buyer’s market, which we are currently experiencing in South Africa, there are more homes for sale than there are buyers, giving purchasers more choice and, thus, more power to negotiate lower prices.But this does not mean sellers don’t still carry some weight – some sellers, anyway, and only to a certain extent.A number of factors can impact the selling prices of properties in a buyer's market,...
Many South Africans are turning to property investment as a way of supplementing their retirement savings – and it is not only affluent owners going this route.In light of the uncertain and volatile nature of investment markets, there is a growing need to enhance retirement savings beyond employee pension funds or retirement annuities.And property, if approached with caution, can serve as a valuable...
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