Wednesday, 12 September 2018 13:10

South African millennials are buying homes

Millennials in South African have purchased homes in great numbers in recent years. According to statistics supplied by property group Lightstone, almost 330 000 millennials bought homes in South Africa between 2015 and 2017 and 70% of them were first-time homebuyers.

“Real-time bidding refers to the buying or selling real estate online -but most people don’t know what that means in technical terms” explains Rainer Stenzhorn of In2assets, the property expert team who have recently introduced a game changing new real-time online auction platform to the Southern African market. 

SA Corporate Real Estate Fund reports an 8.6% rise in full-year distribution to end-December to 32.75c per unit compared with the year-earlier period.

Tower Property Fund concludes an agreement with Motifprops 77 Pty Ltd for the acquisition of the property known as Clifton Place for R80.5m.

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