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Holiday homes with added second passport benefits

South Africans view investment in a second passport as worthwhile and demand for these has escalated drastically over the last year.

Posted at 12:51PM Dec 09, 2020 by Editor in Market  | 

Somerset West property round-up 2020

Somerset West has already had 752 property sales registered this year, and agents expect to see those figures overtake 2019's total of 1399 before year-end, as the Deeds Office works through the backlog caused by Covid-19 challenges.

Posted at 11:59AM Dec 02, 2020 by Editor in Residential  | 

Landmark oldest house in Durban sold for first time in 46 years by Seeff

The famous "Elephant House", the oldest house in Durban, built in 1849 when the first 600 settlers arrived, has been sold for the first time in 46-years by Rosh Naidoo, an agent with Seeff Berea.

Posted at 11:56AM Dec 02, 2020 by Editor in Residential  | 

Buyers are competing, don't lose out on your dream, make a great offer to purchase

In an active property market with an unbelievably low interest rate and a favourable bank lending climate driving high demand for property, you would typically find many buyers and if you do not make an attractive offer to the seller, you may well find yourself losing out, says Gerhard van Linde, MD for Seeff Pretoria East.

Posted at 12:05PM Dec 01, 2020 by Editor in Market  | 

Affordability, good conduct vital to lease renewals this year

With many residential property leases coming up for renewals, PG van der Linde, rentals manager for Seeff Pretoria East, says we find ourselves in unusual economic circumstances this year due to the Covid pandemic.

Posted at 11:39AM Dec 01, 2020 by Editor in Market  | 

SADC property markets weighed down by Covid and expat departures

While South Africa's housing market continues its post-Covid lockdown bounce-back, driven by the low interest rate and favourable mortgage lending climate, especially in the low to middle-class suburbs, it has been a mixed bag for neighbouring SADC countries.

Posted at 11:33AM Dec 01, 2020 by Editor in Market  | 

RE/MAX offices act as donation drop-off this December

From December to January, members of the public are invited to drop off donations of toys, books, stationary supplies and children's clothing at their local RE/MAX office as part of the annual RE/MAX National Toy & Book Collection. At the end of January 2021, the donations will be dropped off at various local charities and children's organisations across the country.

Posted at 11:28AM Dec 01, 2020 by Editor in Market  | 

Days on market and selling price on Cape Town's Atlantic Seaboard

Atlantic Seaboard properties listed under R6 million dropped their asking price by 13.8% on average and properties over R6 million dropped their asking price by an average of 22.5%.

Posted at 04:59PM Nov 30, 2020 by Editor in Market  | 

Accusations fly in conveyancing lawsuit

A Durban attorney has rubbished allegations of negligence made by a former client who reported him for misconduct during the conveyancing of a property transaction worth R8 million.

Posted at 04:49PM Nov 30, 2020 by Editor in Market  | 

Commercial property values set to keep falling

South Africa's economy is expected to return to positive growth in 2021, but commercial property values are expected to continue to devalue as the market catches up with the impact of the recession.

Posted at 04:42PM Nov 30, 2020 by Editor in Commercial  |