South Africans enter 2020 with one of the best property buyer's markets in years and the reasons to buy are compelling, says the chair of the Seeff Property Group.
Soweto is home to about 40% of the total population of Johannesburg, and those between 23 and 38 years old are driving the rental market, agents tell Fin24.
During the course of a calendar year only about 30% to 35% of the properties that come onto the market actually get sold, says the managing director at Seeff Centurion.
The challenges for buyers and sellers in the slow property market are not surmountable, says an estate agent, who offers some tips on how to approach it.
A shortage of suitable stock is the only factor holding back Soweto's property market at the moment, according to the managing directors at Seeff's new branch in Soweto.
A new development, Sacha on Chapman's Peak, has launched in Hout Bay, Cape Town.
The positive sentiment after the election of President Cyril Ramaphosa seems not to have had the anticipated effect on the property market, says the CEO of the Seeff Property Group.
Sectional title complexes in the Johannesburg suburbs of Linbro Park, Longlake and Westlake are increasingly popular among young first-time home buyers, says Seeff.
To meet the increased demand of people who want to escape city life, some security estates in Gauteng have created a village lifestyle, says Seeff Properties.
Marketing a property for too long could cause buyers to lose interest. Property experts disclose the suburbs which beat the national and Gauteng average days spent on the market.
What to expect in the SA property market next year.
Technological advances have made it easier for scammers to prey on unsuspecting buyers, sellers, landlords, tenants and agents, says an expert at Seeff.
Real estate agents and property sellers can fall victim to "'fake buyers", according to Gerhard van der Linde, Seeff's managing director in Pretoria East.
Luxury home prices are static or declining in many of SA's most sought-after suburbs and sellers are much more willing to negotiate, according to estate agencies.
Estate agencies and the SA Institute of Black Property Practitioners weigh in on what they would like and what property owners might see in Budget 2019.
Short-term rental agents across the Cape are expecting a busy summer season, according to Seeff’s short stay teams in Cape Town and Hermanus.
There is a big demand for affordable, secure living in Johannesburg South, according to Seeff Property Group.
Penthouse living is synonymous with the rich and famous and Cape Town’s Atlantic Seaboard illustrates this trend, says an expert at Seeff.
Property experts take a look at how SA's housing sector performed in 2017, and give their views on what to expect in 2018.
Six real estate experts give their take on what the SA Reserve Bank's surprise decision to keep interest rates unchanged could mean for the property industry.
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