The current average time it takes to sell a home is just over 14 weeks, nationally. In Gauteng areas such as Johannesburg and Ekurhuleni homes are selling at around 12 to 15 weeks on the market, and 11 weeks for Pretoria.
In Cape Town it takes
Holiday letting in apartment blocks is not permitted in Cape Town in terms of the city’s Municipal Planning By-law (MPBL) together with its policies and frameworks, says Councillor Brett Herron, Mayoral Committee Member: Transport and Urban Development.
Responding to questions from HomeTimes regarding the growing proliferation
Residential property educator, HomeTimes, launched its own unique and innovative property portal called HomeHunt recently.
It is run on the search capability of Google Maps’ engine meaning that users can search for homes to buy or rent near to schools, malls, hospitals, or any place of
South Africa’s baby boomers generation comprised 13.2% (7,1m) of the country’s 54 million people in 2015 – two-thirds higher than the global number where 8.5% of the world population is older than 65 years.
This is according to a US government-commissioned report, An Aging World: 2015,
Continual reports of stock shortages by estate agents have prompted the question of why this is the case. According to Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty, the shortages are across the board. He attributes them to the economy playing catch-up to the recession