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An entire block of a Sea Point retail space will be dedicated to a new, seven-day food and product market in the ever-evolving Regent Road.
While the residential property market in general has been experiencing a reduction in activity over the past two years, there are definite signs of a positive shift in the marketplace.
Some of the most exclusive real estate in the country – Cape Town’s Atlantic Seaboard – will shortly have a new addition to the portfolio with the launch of The Cosmopolitan residential development.
If Sandton, the financial centre of South Africa, has been impacted by the national economic slowdown, the city appears, at least physically, to show little sign of this.
With sectional title sales accounting for a growing percentage of South Africa’s total home sales, rising from 22% in 2010 to 28.4% of total sales in early-2016, there are no signs of this trend abating, particular as densification and the demand for convenient apartment living continues.
The mercury is rising as the peak tourist season gets underway, and Cape Town’s beaches and scenic mountains are resplendent, reminding us why the Mother City has just been named one of the best three travel destinations in the world by Lonely Planet.
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.
The Monetary Policy Committee’s decision to further increase the repo rate was unfortunate off the back of the January (2016) hike and given the pressing need to help stimulate growth in South Africa’s economy, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Access to a global tenant profile reduces risk of non payment in rental brackets above R25 000 in a difficult in South Africa market.
The short-term holiday rental season in Cape Town has once again started, and the demand for short-term property rentals, specifically in the Atlantic Seaboard and City Bowl area, is expected to rise considerably as many holidaymakers flock to the coast.