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.
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
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
Three Pretoria East suburbs have emerged as millennial drawcards over the past few years. They include Hazelwood, Constantia Park and Equestria. Hazelwood Hazelwood enjoys trendy street café culture, according to Corli van Heerden, a Seeff agent for the area, and is fast becoming one of the hippest
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
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
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