South Africa’s home improvement market is catching up with its new build sector, and accounts for a third of the R39,2bn spent in the country’s three major provinces.
This is according to Stats SA building plans passed figures for 2014, which property economist and adviser to
Negotiation touches every part of our lives. Relationships in business and in our personal lives are negotiated. And the skills to do it effectively can often mean the difference between getting what you want or losing out. You don’t get what you deserve, you get
Pam Goldberg Properties reports 40 units remain to be sold of the 227 unit Regency apartments planned on the market in Menlyn, Pretoria. The remaining units available for sale off-plan range from R1,05m to R2,4m in the luxury high-rise development. Executive mayor of the City
Demand for townhouses in Rivonia, Johannesburg prompts developer Renprop to bring to market in August a 32-unit townhouse scheme named Homestead. Located at the corner of 12th Avenue and Homestead Road, prices start just below the R2m mark for range of two to three-bedroom semi-detached
FNB in August reported that former black township house price growth continued to outstrip higher priced suburban regions in the second quarter 2015. Year on year the FNB House Price Index rose 17%, significantly higher than the overall Metro Regions House Price Index (Ethekwini, Cape
Mortage originator BetterLife reports that the average age of first-time buyers in South Africa is now 34.
An innovative app that helped a developer sell more than R300 million worth of property in three months has won two Loerie awards. Dubbed the Formula D Interactive, it won an award in the Digital & Interactive – Applications, Games and Interactive Tools category as
Lightstone ranks Kyalami Estate in top five Johannesburg suburbs for houses priced over R3 million.
FNB in August reported that a gradual slowing in house price growth in the holiday towns was expected to continue. FNB’s Holiday Towns House Price Index slowed from 11.6% in the final quarter of 2014 to 10% in the second quarter of 2015.
Bond originator ooba reports the average home purchase price in South Africa increased by 8.8% from R937,512 in July 2014 to R1,109,556 in July 2015. Although still growing at a healthy pace, this is a slowdown from the 11% y/y increase recorded for the second quarter of 2015.