In the past 20 years, flats and townhouses have made up 26.6% of newly completed buildings, according to Absa. Over the past three years, 63% of all residential development units which the bank financed were sectional title units – a trend it anticipates will continue.
Spring heralds in new life in the property sector, with homeowners putting their properties on the market. Home stager and CEO at Illuminate Home Staging, Lucy le Roux, provides simple DIY advice on making your listing more attractive to potential buyers.
Garden Tips: “Now is not only
The affordable sector is attracting an increasingly younger buyer, with 61% aged between 18 and 35 years old.
This is according to Rachel Vickers, broker/owner of RE/MAX Kairos, which operates across Johannesburg, Ekurhuleni, Tshwane and the Western Cape.
“Around 28% of the buyers we deal with are
The residential property market in Noordhoek, in Cape Town, is doing very well. Prices for plots stand at R2,2m to R2,3m for approximately 1,000m², according to Barry Clarke of Knight Frank Residential SA.
Development has also picked up with a 200-home estate currently being marketed there,
South African consumers are less impulsive and more considering of the long-term approach to their finances, according to the July FNB Consumer Banking Barometer.
The FNB report shows that South African household debt to income has improved by 10%. Having peaked at 88,8% in early 2008, it
Fifty stands remain for sale in Waterfall Estate says Century Property Developments marketing manager Geoffrey Crow. Varying in size from 1000 to 1400 square metres, these range in price from R2.5 million to R4 million.
Of the cluster homes available for sale, four are left, priced
Offers are in on all 63 apartments in Westminister Close in Bryanston, a Sable Homes development. To date, the complex, made up entirely of two-bedroom, two-bath units, was rented by a group of three investors, Sable Homes being one of them. The final launch took
Sellers beware: the plants in your garden may at best lower the price at which you can list, and worst, land you in prison.
The Alien and Invasive Species regulations, which form part of the National Environmental Management and Biodiversity Act, became law in 2014 and will
Confirming HomeBid’s research findings that future demand for housing in South Africa lies in the sectional title market, the latest Pam Golding Residential Property Index points that nationally in 2000 just 10,9% of residential building plans passed were for sectional title properties; in 2015 this
Horticuturist Keith Kirsten provides advice on getting your garden September-ready.
Sow seeds of all summer-flowering plants like amaranthus, begonias, solenostemon (Coleus), cosmos, impatiens, lobelias and nicotiana
Plant the following bulbs: arum lilies and flame lilies
Feed hydrangeas and water thoroughly
Water your irisses regularly
Excellent low hedges to plant include: