There is a shift in the purpose of property, as homes are no longer just a living place only. Properties today serve multiple purposes; they are now spaces to work, create, entertain, and relax, said John Herbst, CEO of Fine & Country Sub-Saharan Africa (SSA) “For real estate professionals, this means shifting the conversation from square metres to possibility. The work-from-anywhere...
South Africa’s property market is witnessing a shift as Generation Z steps onto the scene. Born between 1997 and 2012, these young buyers are already making their mark, bringing fresh priorities and perspectives to the industry. “Generation Z is redefining what it means to own a home,” Antonie Goosen, principal and founder of Meridian Realty said. “They are highly informed,...
The main reason why a property does not sell is typically because it is overpriced relative to similar properties or the current market conditions, according to Seeff Property Group. Seeff said that an unrealistic asking price extends the selling timeline which means more days of keeping your home show-ready, extra marketing costs accruing, and potentially missed opportunities on other properties you might...
Cape Town - Irish property investor Kenneth Denton, who owns prime real estate along the Atlantic Seaboard, has raised the ire of Mouille Point residents who say his neglected building continues to be an eyesore. Dubbed Cinderella, the Bay Road building was once overtaken by homeless people and operated as a brothel before Denton purchased it with the vision of it being a family home, more than 10 years...
South Africa is experiencing a housing crisis and experts are predicting that the population will grow by 75 000 people a year over the next 20 years. Which leads to the question: where will all the people live? Unfortunately, it is unlikely that the national government and the private sector will be able to meet the demand, based on future projections. But in Cape Town, things are a bit different...
Ever increasing property prices in Cape Town may be causing big broad smiles and joy for those selling, but increasingly, local South Africans are getting left behind and before not too long, they may not be able to afford housing in the mother city. The current situation in Cape Town beggars the question: where does that leave people who cannot pay hefty prices just to secure a roof over their heads? A...
With the aim of contributing to the upgrading of the Bellville CBD, Brönn Properties, embarked on an ambitious project to refurbish the New Boston Centre, a property with significant potential located at 85 Voortrekker Street, Bellville in Cape Town. This was under the experienced guidance of Alewyn and Gerdus Brönn. The venture, which kicked off several years ago, was made possible with financing...
After being listed as one of South Africa’s most expensive places in Henley & Partners’ Africa Wealth Report 2023, uMhlanga, Durban, now has its own million-dollar property listing. Real estate agency, Fine & Country, has given property buyers a sneak peak into one of two luxurious R75 million, or $4m, apartment, for sale in uMhlanga. “Perched in one of uMhlanga's most sought-after...
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