This is according to Gerhard van der Linde, Seeff’s MD in Pretoria East, who said the most popular areas are Garsfontein, Faerie Glen, Moreletta Park and Equestria.
“Homes in security complexes as well as townhouses and any higher density homes in especially the Menlyn area are also selling fast,” he said, noting that financial institutions “have very conservative approaches to financing and sadly find more reasons not to lend money than the reverse”.
Nedbank Home Loans declined to comment on the high percentage of home loan declines, citing market sensitivity.
“Prices in Pretoria East have grown by 9.67% compared with 2015, and that the highest price last year was achieved for a home in Waterkloof for R17m,” said van der Linde. “This year the highest price is for a home in Mooikloof for R7,2m.”
Top photo: This home in Woodhill Golf Estate is on the market for R19,8m. The home is located on the fairways and has five bedrooms with en-suite bathrooms, open-plan entertainment areas, a pool and vast undercover patios.