One of the last areas to recover from the 2008/09 property price crash, the KwaZulu-Natal South Coast is finally picking up some momentum as a steady stream of investors, retirees and even holiday-home buyers re-enter the market.
That’s according to Joe Foxcroft, owner of the Harcourts
[caption id="attachment_811" align="alignnone" width="200"] Camps Bay villa rents at R150,000 per month.[/caption]
Camps Bay property averages a sales price of R1,5m more than last year, while the rental market fetches anything upwards of R50,000 to R150,000 per month.
This is according to Ian Slot, Seeff’s MD for
[caption id="attachment_808" align="alignnone" width="200"] A Summerstrand home on the market for R9,995m. Set to break the previous record of R7,5m.[/caption]
Port Elizabeth suburb, Summerstrand, saw residential sales rise by more than R111m in 2014, compared with 2013.
The market’s total value of sales in the area increased
Good capital growth and commercial development are driving Johannesburg’s Rosebank market.
“Property prices in Rosebank are increasing due to the lack of available land for development, so those investors who get in early and buy off plan will benefit from the upward price trend,” says Chris
What rights does a landlord have when cancelling a lease, even if the tenant has not been in breach?
Rental property law expert and director at Marlon Shevelew and Associates Inc, discusses a clause that covers this issue.
The landlord may cancel this lease on 2 (two)
Only 13 of the 463 freehold residential properties in Bishopscourt, Cape Town’s Southern Suburbs, changed hands for the entire year to date.
“The demand for this highly sought-after and prestigious location remains strong, particularly between the R20m to R25m price range, in which there is a
[caption id="attachment_793" align="alignnone" width="200"] First-time buying is slowing in pace.[/caption]
First-time buying activity is tapering off, and has been for the past three months according to Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa.
During the same time, however, older buyers are spending more.
Sooner or later, important action taken comes down to this.
Fear: of being ashamed, feeling stupid, being rejected, being left out, getting hurt, being embarrassed, left alone, dying.
Dreams: of being seen, being needed, becoming independent, relieving anxiety, becoming powerful, making someone proud, fitting in, seen as
[caption id="attachment_780" align="alignnone" width="200"] A four-bedroom designer penthouse in Summerstrand.[/caption]
Beachfront properties with sea views in Port Elizabeth are increasingly sought-after now by investors in search of good rental returns, reports Nikki Strooh of leading local agency Harcourts Beachfront Real Estate.
“More than half of our buyers
[caption id="attachment_765" align="alignnone" width="200"] Interest rates on hold, for now.[/caption]
The prime lending rate of 9.5% remains unchanged, following today’s Monetary Policy Committee meeting. The previous 25 basis point increase in July was seen in anticipation of the US Fed raising near-zero interest rates in September.