If you are selling your property and finding it extremely difficult to hook a buyer you are not alone.According to the FNB Residential Property Barometer and the Lightstone Residential Property Index, residential property prices are stagnant in SA.The FNB House Price Index showed just 0.6% growth year-on-year in January.In terms of the growth of house prices per province, Lightstone’s latest data from...
Property News
When you are selling your property your number one priority should be full disclosure of any flaws in the property or there could be serious consequences down the line.According to Arnold Maritz, Co-Principal of Lew Geffen Sotheby’s International Realty, since the Property Practitioners Act came into effect in February 2022, it’s become harder for sellers to hide behind the ‘voetstoets’ clause.This...
New data from property group Re/Max has shown that more single women are purchasing property than ever before.According to the research, specifically more black women are breaking traditional gender roles and are embracing their autonomy by purchasing property on their own.In SA, a total of 17,854 solo women buyers worked through bond originator, BetterBond, in 2023 compared to 16,858 solo male...
When you are selling your property your number one priority should be full disclosure of any flaws in the property or there could be serious consequences down the line.According to Arnold Maritz, Co-Principal of Lew Geffen Sotheby’s International Realty, since the Property Practitioners Act came into effect in February 2022, it’s become harder for sellers to hide behind the ‘voetstoets’ clause.This...
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...
