Making the choice between renting or buying property is a significant decision that requires careful consideration because it can have an impact on your lifestyle as well as financial well-being.Claude McKirby, co-principal, Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburbs and False Bay said that property is one of the best long-term investments, but there is often confusion on...
Property News
Popular South African celebrity couple Siya and Rachel Kolisi have mutually decided to end their marriage, but what does this mean for the properties that they own?The Springbok captain and his wife recently took to Instagram to announce the end of their marriage.In an Instagram post, the couple wrote: “After much reflection and open conversations, we have decided to end our marriage.“ View this...
The choice between buying property or renting property is a huge decision that can have a major impact on your financial well-being as well as your lifestyle, in both the short and long-term.Claude McKirby, Co-Principal, Lew Geffen Sotheby’s International Realty Cape Town’s Southern Suburbs and False Bay said that both renting and buying have their own benefits and drawbacks. “Each option does offer...
Do you have R160 million lying around? An unprecedented opportunity to acquire an ocean front parcel of land in Hermanus has hit the market.The listing is with Seeff Property in Hermanus, and the 14,198 sqm parcel of land is called Mollergren Park.The property has incredible ocean views as it sits on the cliffs of Kwaaiwater which overlooks Walker Bay.There is a catch to buying this piece of land, though....
Despite the September interest rate cut, South African homeowners may be looking for ways to pay off their home loans or bonds faster.Bradd Bendall, National Head of Sales, BetterBond shares tips to help homeowners pay off their bonds much faster.Paying a little extraBendall said that paying a bit extra into their bonds each month, depending on financial means of the homeowner, can have positive outcomes...
The average price of a property in retirement complexes is R1.9 million, according Lightstone data which showed that a total of R29 billion was spent on over 15,000 properties in a period of five years.Lightstone is a provider information, valuations and market intelligence about property in South Africa. Most of the sales took place in KwaZulu-Natal, the Western Cape and Gauteng, with the Western Cape...
Small towns in the Western Cape are booming when it comes to property sales as more and more people are looking to move to smaller coastal areas.According to the Seeff Property Group, West Coast towns and villages are no longer just for holidays and retirement.The areas of Langebaan, Yzerfontein, St Helena Bay and Elands Bay have seen a strong shift in sales activities during the market boom of...
The interest rate cut was too conservative therefore there has not been a notable uptick in the South African property market, according to Samuel Seeff, chairman of the Seeff Property Group. However, in many urban areas - particularly the low to mid-priced segments - are seeing an increase in buyer activity due to the rate cut. The rise in buyer activity can also be attributed to the warmer months which...
The Department of Human Settlements has issued a warning after a new housing scam emerged, with housing seekers being billed R100,000 for subsidized government houses. The new scam has recently emerged on social media platforms.According to the department, scammers falsely claim to be department employees and offer assistance with government-subsidised housing applications for the Breaking New Ground (BNG)...
Having a good credit score is an important tool for tenants as it allows them to negotiate favourable lease terms and secure quality properties.This is according to Landsdowne Property Group.Along with aiding tenants, a good credit score can also pave the way for future financial opportunities, such as home or personal loans.What is credit score and how was it calculated?According to Glenda Eager, Product...
