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Residential News

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Registered homes in Soweto more than double as younger buyers lead the way

Registered homes in Soweto, south of Johannesburg, have more than doubled since 1994 to 183 525, and 99% of them are Freehold. This is according to Lightstone, a provider of comprehensive data, analytics and systems on property, automotive and business assets. Hayley Ivins-Downes, Head of Digital at Lightstone, said there were 83 119 registered properties in the year South Africa held its...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Property Market can remain robust amidst economic hardship

The recent steep hike of 75 basis points in the South African Reserve Bank’s repurchase rate and subsequent rise in the prime lending rate to 9% is significant for consumers and the remainder of this year will be tough for many South Africans, as they struggle to cover household expenses. There will however be resilience in the mid-market for the property industry and all the current data is not...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Robust sales in the high-end residential property market

Top-end sales of luxury homes on the Cape’s sought-after Atlantic Seaboard are flying high, with Pam Golding Properties reporting more unit sales over R20 million on this prestigious coastline in recent months than the whole of last year (2021). Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “Despite the traditionally slower winter market we are achieving some of our...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

How to build wealth through real estate

Investing in real estate remains one of the best ways to accumulate wealth, both in terms of appreciation in market value as well as generating a reliable monthly cash flow. This is according to Arnold Maritz, Co-Principal for Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburbs and False Bay, who says that one of the main reasons is the fact that historically, real estate has been...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

5 Steps to rock solid rental risk management

Every rental business deals with inherently risky processes – none more so than handling rental payments. But while some risks are known and can be controlled, others are black swan events that can topple even the best-run businesses. Jan Davel from leading residential rental payment platform PayProp says that in 18 years of operation, one recurring type of risk has stood out to this company, and it...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Midrand’s buoyant estates bolstered by value, lifestyle and convenience

Underpinned by a strategic location and rampant commercial development in recent years, Midrand’s burgeoning residential property landscape offers a broad spectrum of properties and excellent value, especially in the estate sector which is attracting considerable investor interest. “Despite the economic slump, there’s has been a surge in activity across the board, but most notably in the secure...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

All hail the super estate: demystifying residential super estates

Leonhard Jonas, CEO of Northlands Business Park and Avianto Estate The concept of the super estate, though innovative, is not novel – it has existed globally for several years. Despite being well-established, no real definition of the concept exists. From a developer’s perspective, the most basic requirement of a super estate is to offer more than 2 000 residential opportunities, with facilities and...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

9 easy and inexpensive winter home improvement projects

When the temperature drops, there’s nothing cosier than curling up inside with a roaring fire and a good movie – but the winter months are also ideal for catching up on certain home improvement and maintenance projects, especially if you’re planning on a spring or summer home sale. “We spend up to 40% more time indoors during winter and, whilst some of that time is certainly best spent with our...

low interest rates and pandemic driven lifestyle trends continue to boost housing demand

Low interest rates and pandemic-driven lifestyle trends continue to boost housing demand

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 cape metro homes below r1 5m are being snapped up

Affordably priced Cape Metro homes below R1.5m are being snapped up

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...

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