Despite the recent hikes in interest rates, property on the West Rand remains reasonably priced when compared to the CBDs of Sandton and Rosebank. 

Dr Andrew Golding CEO of Pam Golding Property Group and CEO of Jawitz Properties Herschel Jawitz comment on the impact of the 25 basis point interest hike on the property market.

Property doyens comment on the impact the 50-basis repo rate increase will have on property.

Despite a weak economy and continued pressure on disposable income, the residential property market is showing a marked increase in activity and demand across all price levels, according to Jawitz Properties CEO Herschel Jawitz.

The current lending climate is tough for first time buyers particularly with the stringent National Credit Act requirements and the worldwide recession affecting banks and how strict they are when it comes to approving home loans.

The low interest rate environment and slow growth in property prices make it a good time to buy from a value and affordability point of view. 

Homeowners in Cape Town must check their new municipal property valuations carefully to ensure they won’t be charged excessive property rates going forward.  The new valuations are being finalised in January and will be sent out in February. Objections to the given valuations can be made, but there is only a short time to do so.

With many buyers preferring the southern suburbs over other areas, Plumstead has come on the map as an attractive, affordable option, offering great value for money. 

One is reminded of the late great David Frost’s remark: “With our backs to the wall we can only go forward”, when reading Seeff’s latest press release titled: “Best Property Buyers’ market in decades.”

By 2000 the last psychological blow fell. One could argue that most businesses that were going to leave inner city Joburg had done so by the mid 1990s.