Despite what it may look like, the quality of life for most people who are able to emigrate deteriorates significantly, writes Melanie Verwoerd.
SA's housing market is undergoing a change, with the old "driver", namely the Western Cape, being replaced by new "drivers", says property expert Dr Andrew Golding.
In recent years, the rental market has benefited from increasing numbers of people who are unable to buy homes.
The greater Cape Town is the top performing major metro housing market in SA, says Dr Andrew Golding, chief executive of the Pam Golding Property Group.
Following a year which saw SA’s housing market rise to the challenge amid tough economic conditions, a number of positives stand out, says Dr Andrew Golding.
There is continued high demand and capital growth in secure lifestyle estates in SA, according to Dr Andrew Golding, CEO of the Pam Golding Property group.
The development of a cruise terminal at the V&A Waterfront is putting the focus of property development on the vicinity of the harbour and Silo district.
House prices in the Cape Town metro are outperforming those in Pretoria, Johannesburg and Durban by a considerable margin, an index shows.
Finance Minister Nhlanhla Nene is obviously hoping to make it easier for first-time property buyers and prompt existing owners to upgrade, say property experts.
When adjusting for inflation, the increase in real house prices since the end of the 2008 recession is marginal, says an expert.
Pam Golding Property Group CEO Dr Andrew Golding tells Fin24 why sectional title properties are so appealing to buyers.
About 20% of all foreign buyers of residential property in South Africa are now from the rest of Africa, according to a report by FNB.
South Africans now have the opportunity to invest in a new development of luxury apartments and villas in Zanzibar.
Pam Golding Properties remains cautiously optimistic about the residential market in South Africa, says CEO Andrew Golding.
Sectional title units are becoming increasingly popular, in South Africa, according to Dr Andrew Golding, CEO of the Pam Golding Property group.
A national and international property exhibition will take place at Sandton City.
The growth in affordable house prices reflects the burgeoning housing backlog, with an estimated 2 million households currently living in informal settlements.
The Val de Vie development in the Franschhoek-Paarl valley has launched 142 plot and plan homes in The Vines, set on 12 hectares.
Only about 3% of all property in South Africa is foreign owned and, at best, 2% of all annual purchases are done by foreigners, according to property experts.
Merely a stern warning by the Reserve Bank that it is ready to hike interest rates if events and data warrant action should suffice for now, says an economist.
Pam Golding Properties is partnering with Steyn City Properties to market residential properties within the vast Steyn City mixed-use development.
Somerset WestAfrica Experience Collection (PTY) LTDR40 000.00 - R70 000.00 Per Month
Western CapeGlobe RecruitmentR30 000.00 Per Month Per Month
R 8 400 000
Apartments / Flats
R 6 250 000
R 2 350 000
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