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Property News - 24 November 2016

FROM THE EDITOR

The decision by the South African Reserve Bank’s Monetary Policy Committee to retain the repo rate at the current 7% (home loan base rate of 10.5%) for the fourth successive meeting, is a welcome reprieve for the economy and housing market, says Samuel Seeff, chairman of the Seeff Property Group.

Importantly, he says, it provides some stability in an otherwise rather unpredictable climate, both politically and economically.

The residential property market in South Africa continues to exhibit extraordinary resilience. This is despite five consecutive years of subdued economic growth, a severe drought and repeated bouts of rand weakness, which have ignited renewed price pressures and prompted the Reserve Bank to gradually but repeatedly, raise interest rates before stabilising them. Read more in Investment in residential property in SA continues to shine

SA’s economy has been struggling since the beginning of 2015, and this has put property price growth in holiday towns on a declining trend. If you’ve been thinking about buying a holiday home – or even a permanent home at the coast – then now’s the time to do so, says Tony Clarke, Managing Director of the Rawson Property Group. Read more in Now’s the time to buy your home at the sea

Enjoy!
The editor

Property of the Week

4 Bedroom Home for sale in Gordons Bay
4 Bedroom Home for sale in Gordons Bay

SAPTG Reports

In the News this week


Investment in residential property in SA continues to shine

Investment in residential property in SA continues to shine
To say that it’s been a tumultuous year for the planet is definitely an understatement, and yet in the face of a sluggish and uncertain domestic and global growth environment and ongoing socio-political challenges, the residential property market in South Africa continues to exhibit extraordinary resilience and remains one of the few bright spots in an otherwise relatively lacklustre economy...
Investment in residential property in SA continues to shine

Wealthy buyers favour sustainability

Wealthy buyers favour sustainability
The demand for sustainable-living and security technologies is rapidly gaining ground among the world’s most affluent home-buyers, with whole-house energy solutions implemented during initial construction being the most popular, closely followed by the convenience offered by ‘smart’ technologies...
Wealthy buyers favour sustainability

Efficient designs and durable finishes are the big sellers

Efficient designs and durable finishes are the big sellers
With budgets under pressure and home sizes getting smaller, functionality is of increasing concern to modern homebuyers, says Gerhard Kotzé, the new MD of the RealNet estate agency group...
Efficient designs and durable finishes are the big sellers

Now’s the time to buy your home at the sea

Now’s the time to buy your home at the sea
If you’ve been thinking about buying a holiday home – or even a permanent home at the coast – then now’s the time to do so, says Tony Clarke, Managing Director of the Rawson Property Group...
Now’s the time to buy your home at the sea

How do home Sellers decide between multiple offers.

How do home Sellers decide between multiple offers.
Receiving multiple offers when selling your home might seem like a dream, but what do you do when you’re not sure who to choose...
How do home Sellers decide between multiple offers.

How to Find a Great Property Manager

How to Find a Great Property Manager
Property management is a critical part of a landlord’s success. The art of making money in property investment is not just about buying and selling the property...
How to Find a Great Property Manager

Sectional title still going strong

Sectional title still going strong
Data released by FNB in its latest Property Barometer explains that the volume and value of sectional title transactions have significantly increased since 2010 after the dip in the 2008/9 recession...
Sectional title still going strong
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Gordon’s Bay - the Helderberg region’s hidden gem

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Wynberg's revival driven by excellent value and investor diversity

Wynberg's revival driven by excellent value and investor diversity
In stark contrast to the belt-tightening national economic slump that is placing consumers under growing pressure, the Western Cape has emerged as the strongest and most stable regional housing market in the country...
Wynberg's revival driven by excellent value and investor diversity

Major face-lift for Pier Place in heart of Cape Town's Foreshore district

Major face-lift for Pier Place in heart of Cape Town's Foreshore district
Recently acquired by Aria Property Group, Pier Place, a prime-situated 15-storey, 15 000sqm building in Jetty Street on Cape Town’s Foreshore, is undergoing redevelopment and refurbishment at a total investment of in excess of R200 million...
Major face-lift for Pier Place in heart of Cape Town's Foreshore district
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