Contrary to what you think you know, pricing your house according to the listing price of other homes on property portals in your suburb or street is a bad idea. This is because, just like you, your home is unique. No two homes are exactly
Buyers in Centurion currently have a choice of more than 9,000 properties on the market with buyer enquiries having almost halved since the start of the year.
This is according to Steve van Wyk, MD for Seeff Centurion, who said the current recession along with negative
The Western Cape’s year-on-year house price growth for Q2 2017 measured 5.7% - down from Q1 2017’s 6.9%, and significantly slower than the 10.8% high recorded in Q1 2016.
This is according to the FNB House Price Indices for the country’s major regions, which pointed out
While there has been a level of overtrading in the Western Cape housing market, which is slowly losing steam, there is still value to be had in Cape Town. This is according to Siphamandla Mkhwanazi, Standard Bank consumer economist, who was speaking at the bank’s
Housing markets are incredibly important, not only due to the importance of formal housing to citizens’ well-being, but also due to the huge amounts of mortgage debt associated with them, and the various risks that this can pose to financial system and economic stability. The
Johannesburg’s Soweto region (Diepkloof-Soweto-Meadowlands-Pimville) has been the city’s star performer, with a five-year cumulative house price growth rate of 37.35%. Sandton, however, has only inflated 22.66% since early 2012.
This is according to FNB’s household market strategist, John Loos, who said the “former township” regions can
If suburbs with lower crime rates are more attractive to property buyers and tenants, and can attract higher sale and rental prices, why is Western Cape property some of the most expensive in the country?
According to property data analytics company, Lightstone - which used crime
Homes for sale sit for the least amount of time on the market in the Tshwane metro than in any other city region, averaging 10.14 weeks (just over two months); Ethekwini’s homes for sale took longest to sell, averaging 17.29 weeks, followed by Mandela Bay’s
While Gauteng’s gross outflow of repeat home buyers to other provinces stood at 16% in 2016, it only attracted 6.9% of incoming repeat home buyers from other regions. This means its net outflow of repeat home buyers was 9.1% - up significantly from 2.9% in
The Western Cape is better at attracting the older repeat buyer skilled population while Gauteng is a better draw card for younger skills who become first-time home buyers.
This is the highly plausible assumption made by John Loos, FNB’s household sector strategist, using provincial outmigration and