For many people, the dream is to own their own home, and considering property has long been touted as a good investment on the basis that it’s a tangible asset that appreciates over time, it makes good financial sense. However, to effectively capitalise on an investment in a dynamic marketplace, one has to understand the meaning of value in this context and be aware of the key factors which contribute...
Cape Town - A property listing advertising a single-bay residential garage in Bantry Bay for R2.2 million has revealed the exorbitant prices paid for parking in Cape Town. The advertising of the 18m² lock-up space off Victoria Road, that additionally carried a R473 monthly levy, quadrupled the normal price for garages along the Atlantic Seaboard, which range from R250 000 to half a million...
Coastal living is a dream for many, offering scenic views, the soothing sea breeze, and opportunities for swimming and other outdoor activities, making it an attractive option for relocation. Since the Covid-19 outbreak, there's been an increased desire to move to coastal areas instead of staying inland. However, before making the switch, potential buyers should be aware of several important factors and...
As inflation dips and the prospect of a cut in the interest rate looms, now may be the right time to buy property, says property expert Samuel Seeff.“Nobody rings a bell and announces that the market has hit the bottom and that it is now a good time to buy, but the signs are pointing in that direction,” the chairperson of the Seeff Group says.This week, StatsSA has noted that inflation has dipped to...
The Banking Association of SA (Basa) has come out swinging against Human Settlements Minister Mmamoloko Kubayi's statement on how the banks conduct their rejections and acceptances of home loans, especially when it comes to previously disadvantaged groups.The minister said that the rejection levels of these home loan applications were concerning, and she called for stricter legislation that would provide...
Your home is where you find peace and where you rest your head at night, but for some homeowners it can become a nightmare filled with terror and anxiety.IOL Business spoke to Mary Ronna, a property developer from Italy who has a number of homes in the Cape Town and who has dealt with the agony, turmoil and financial loss that comes with a squatter.Her story started in 2021 when she found a beautiful...
As inflation dips and the prospect of a cut in the interest rate looms, now may be the right time to buy property, says property expert Samuel Seeff.“Nobody rings a bell and announces that the market has hit the bottom and that it is now a good time to buy, but the signs are pointing in that direction,” the chairperson of the Seeff Group says.This week, StatsSA has noted that inflation has dipped to...
Five months ago, Century 21 South Africa CEO Harry Nicolaides remarked on the early signs of recovery in the South African property market, noting an encouraging uptick in real estate activity.With the first quarter of 2024 showing a positive shift, Nicolaides anticipated further growth fuelled by an eventual reduction in interest rates.Nicolaides has observed that the current optimistic market sentiment,...
The complete refurbishment of the 45-year-old Sun City hotel has officially begun. This is part of Sun City resort’s three-year long, R530 million major refurbishment project.Between August 2024 and November 2026, the Sun City Hotel will undergo a complete upgrade of all 340 rooms, bedroom corridors, bedroom terraces and the Sun Terrace along with various infrastructure upgrades.The project will be...
Criminals have been targeting properties in a concept that is very similar to the hijacking of cars, but now they are actively targeting more and more residential neighbourhoods.Cases of these property hijackings have become more prevalent in residential areas and reported cases show that these criminals have moved away from targeting industrial buildings.Councillor Grandi Theunissen, the Tshwane MMC for...
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