Buying and selling property is a complex process, made all the more daunting by a multitude of potential pitfalls that can compromise a sale, but even more perilous is the proliferation of brazen fraudsters whose increasingly sophisticated scams are not only fleecing buyers and sellers but also property practitioners.

After a four year high of unprecedented double-digit growth, South Africa’s strongest market took a knock in 2017 with a significant drop in sales volumes and price growth, but the new year has got off to a promising start with a record apartment sale price and three sales within 24 hours of listing.

Renewed energy has been the hallmark of the Gauteng market since the beginning of the year; the change underpinned by a more positive national sentiment prompted by the change in national political leadership.

Tuesday, 12 December 2017 14:06

Midrand's robust market flouts current trends

The Midrand market is as stable a market you could ask for in in the prevailing economy, with its burgeoning new area, Waterfall, coming up trumps thanks to a unique location, top class facilities and excellent lifestyle on offer.

The property market in the Southern Suburbs has performed valiantly in the face of the political and economic uncertainty of 2017, showing solid growth in prices despite the significant drop in sales volumes.

Monday, 27 November 2017 15:01

Boomtime for Cape Town's East City Precinct

For many years, Cape Town's East City Precinct was regarded as the less desirable fringe of Cape Town’s CBD, largely overlooked by the developers who have been reshaping the city scape during the last decade.

Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.

As the only South African city with a thriving CBD, Cape Town’s adjacent City Bowl uniquely offers the perfect synergy of urban accessibility and suburban lifestyle, which makes it especially appealing to millennials (under 35’s) who accounted for 42% and 25% of recent buyers in Vredehoek and Gardens respectively.

CEO of a jewellery house makes history as she bids R90m at an auction for a dream villa in Clifton.

Monday, 24 January 2011 02:00

Estate agents regret Machanik’s downfall

Property players yesterday expressed sadness at the downfall of property doyenne Wendy Machanik, but welcomed a widespread investigation into malpractice in the industry by the Estate Agency Affairs Board.

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