An increasing number of SA homebuyers are electing to buy newly built rather than pre-owned homes, and there are a number of very good reasons for doing so, says Shaun Rademeyer, CEO of SA’s leading mortgage originator BetterLife Home Loans.
“For most buyers, the most important
In a bizarre twist of events, a homeowner has been evicted from her own property. If you didn’t think that was even possible, it is! An immediate order of eviction was handed down in the Springs Magistrate’s Court on August 28, 2015, in favour of
Developers are being squeezed between rising building costs and cash-strapped homebuyers. The result is a steady drop in size and comfort of some new South African homes.
Bernadine from Gauteng wrote to John Graham of HouseCheck:
I bought a townhouse last year off-plan. The building is almost
The September FNB National House Price Index showed some renewed year-on-year growth acceleration, following a prior slowing trend, suggesting that the days of a well-balanced residential market are not quite over yet.
It is important to bear in mind, says FNB household and property sector strategist John
[caption id="attachment_1209" align="aligncenter" width="752"] The Caribbean island of Grenada.[/caption]
The country of Grenada recently announced that it has added an additional investment option to its current citizenship by investment programme. Investors will now be able to invest in a sustainable aquaculture project, which intends to scale
[caption id="attachment_1206" align="aligncenter" width="712"] From left, Alasdair Hedley (Hamptons International), Samuel Seeff (Seeff chairman) and Stuart Manning (Seeff CEO).[/caption]
Seeff property group has partnered with Hamptons International as its exclusive Southern African partner. Hamptons International is a member of Countrywide, the largest real estate group in
There exists a view that property values are capable of by-and-large “holding up” in tougher economic times, some even believing that home values “can only rise”. Such views were even arguably behind the massive mortgage lending boom across much of the world in the last
In 2013, government estimated that the cost of raising a child from birth to the age of 18 is an incredible R1,7m. This figure doesn’t include university fees, so depending on the course of study, you can add another R100,000 to R300,000.
It’s vital to establish
Two mining towns, Rustenburg in the North West Province and Witbank in Mpumalanga, are South Africa’s fastest-growing cities. Between 1995 and 2015, Rustenburg’s population has grown at 411% (from 75,000 to 383,000), while Witbank has grown at 138% (from 156,000 to 371,000). This is according
[caption id="attachment_1192" align="aligncenter" width="733"] Cassablanca, in Lonehill, sells from R699,000.[/caption]
“It can take between a year to two years to sell out a development,” says Summercon Property Development sales consultant Royce Odendaal, but it all depends on the location.
Of four Summercon developments advertised over the weekend