Real Estate

Low Interest Rates First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.According to the oobarometer, the Average Purchase Price increased by 13.8% for the first quarter of 2021 (Q1 21) compared to...

Affordably priced homes below R1.5 million are flying off the shelves in the Cape Town Metro, to the extent that there is currently a shortage of stock in this price band. However, despite the high demand – which is mainly from first-time buyers and some investors, and is evident across the Northern and Southern Suburbs as well as the Western Seaboard, homes in these price ranges can be found, as...

Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban precincts, to develop the first tower of the multi-billion rand Harbour Arch project on the Foreshore in Cape Town. With an estimated R15 billion private equity investment, the Harbour Arch development is set to have an extremely positive impact on the City of Cape Town – and its inhabitants – both now and in...

Driven by attractive interest rates and more lenient loan criteria, tenants now have their sights firmly set on owning a home. While many – particularly the millennial generation – chose to travel and live more ‘freely’ in the past, priorities have since changed, says Grant Smee, managing director for Only Realty. “Travel and event restrictions remain in place and lockdown has forced many to...

The COVID-19 lockdown has highlighted the challenges of getting everyone together for an old-fashioned, original “paper and ink” signing session. Electronic signatures can ease property transfer transactions – here’s when and how they are valid. “To sign a document means to authenticate that which it stands for, or is intended to represent the name of the person who is to authenticate”...

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

Life is changing incredibly fast during the coronavirus pandemic and many industries are following suit, including real estate. While some sellers have decide to pull their homes off the market and try to sell at a later stage, this may not be an option for everyone. With that in mind, if you are trying to sell your home in this market, there are some things that you can do to help keep everyone involved...

Here's why you should plan to buy property now   If there is any way you can afford it, you should start planning to get into the property market as soon as possible. One of the most frequent questions being asked in the real estate sector at the moment is whether this is a good time to buy a home or an investment property. “And the answer is yes, if there is any way you can afford it, you should...

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