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
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
Homeowners in Gauteng’s three main housing markets are losing value in their homes. For Q2 2017, the City of Tshwane’s estimated average house price growth rate was 4.48% year-on-year, with Gauteng Consumer Price Index (CPI) Inflation at 5.2% year-on-year for the same quarter of 2017.
A new residential lifestyle development in Johannesburg’s historic Linksfield area was launched by Investec Property recently.
The Neighbourhood is set to be one of the few secure residential developments in the area offering buyers a choice of upmarket standalone houses, cluster-style living or luxury loft apartments.
Gauteng buyers are widening the gap between listing and selling price, sometimes up to 30% less.
This is according to Cameron Jansen, broker/manager of RE/MAX Central, who said there seemed to be a large disparity between what sellers think their home is worth and what buyers
Between 2014 to early 2016, the estimated average time a home sat on the market before selling had been moving broadly sideways at levels around 12 weeks (just less than three months. Through 2016 and into 2017, however, the market appears to have been moving
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
About 1.2% of first-time home buyers in 2016 were aged 70 and older. This represents 913 buyers out of a total of 72,771 purchasers becoming homeowners for the very first time.
According to property data company, Lightstone, 2016’s numbers were a far way off from 2015’s
Some 40% of Norwood’s year-on-year home sales occurred in the final three months of the year (November 2016 to January 2017).
Based on 60 sales concluded between February 2016 and the end of January this year in the Johannesburg suburb, the median house price spiked from
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