Investing in real estate has long been considered a reliable investment strategy because property is a tangible asset which offers unique advantages that can accelerate wealth accumulation over time.This is according to Claude McKirby, co-principal for Lew Geffen Sotheby’s International Realty.Real estate market fluctuations are generally not as extreme, and property tends to appreciate steadily over...
Those who are returning to South Africa have more than its rich history, natural beauty, lifestyle and comfort of home to celebrate.With the currency rate on their side, many expats are opting to invest in property in the country, where they can be certain of considerably greater value for their long-term financial security.This is according to Bradd Bendall, the interim chief executive of...
The South African property market is standing at an exciting crossroads and is poised to undergo significant changes, driven by new trends and consumer preferences over the next five years.This is according to Pearl Scheltema, CEO of Fitzanne Estates.Scheltema said: "As a nation, our housing market has continually displayed incredible resilience through economic ups and downs. Now it's evolving once again...
The benefits of property ownership extend beyond simply providing shelter, it is can also be a stepping stone to financial security and wealth creation.This is according to High Street Auctions Director Greg Dart. Dart ntoed it can be risky for novice investors who dive straight into the deep end.“The advice I always give to first-time buyers is that knowledge is power. The real estate industry is...
In April, Discovery may launch its home loan business, and the company’s group CEO, Adrian Gore said that it thinks it will be a very compelling product.The home loan offering is set to be launched in April, Discovery hopes. The product is being alpha tested, and according to Gore, they hope to roll it out in the next four weeks.The company is determined to get a bit of the R1.4 trillion mortgage...
While homeowners and potential homeowners think about the buying or selling property, interest rates have played a part in determining whether it is a buyer's or seller's market. The South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) is expected to make an announcement regarding the repo rate on March 27. According to FNB Economics, it is expected that the interest rates will remain...
BBC Lifestyle’s hit property reality TV show, “Listing Cape Town”, is set to return next month for another riveting season.The first season featured magnificent homes in some of the Mother City’s most elite suburbs.Producers Nico Nel and Trevor Kaplan have promised that their latest offering will feature even more jaw-dropping properties, some of which are valued up to a whopping R280 million.From...
The most expensive property in Cape Town’s southern suburb of Constantia is on the market for a mind numbing R107 million. The property is called “House Zai” and is located in Bel Ombre Estate in the Constantia area, according to Seeff Property. The most expensive property in Cape Town’s southern suburb of Constantia is on the market for a mind numbing R107 million. Supplied by Seeff Property Data...
Cape Town - The St James mansion, also now known as Graceland, has been on the property market for three years and is sporting a whopping price tag of R57 million, according to Remax properties.The mansion was built in 1914The property had previously been known as “Watergate.”Remax properties indicate the property, 252 Graceland, St James, Main Road, is a once-in-a-lifetime opportunity to be the owner...
The growing cost of living, along with a scarcity of affordable housing alternatives, has prompted many South Africans to explore alternate ways to make homeownership more feasible.Dual-occupancy is a growing trend in which homeowners rent out a piece of their property or opt to co-own a property with a friend or family member.Prior to going this route, Adrian Goslett, the regional director and chief of...
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