With average selling prices of freehold residential property and sectional title homes increasing in value by 56 percent and 34.5 percent respectively from 2010 to 2015 (Lightstone statistics), Durban North’s property market strikes a chord with home buyers and instils investor confidence, particularly in the higher income group.

The historic home of the late Dr Johnny Mosendane, one of Soweto’s best-known public figures, has been sold by for R2.5 million, a new record price for the township.

Three homes are now completed with a further 11 homes in the final phase already well under construction in upmarket Baronetcy Estate, situated in prime position in Plattekloof in Cape Town’s popular Northern Suburbs.

Strategically-located, upmarket niche shopping complexes in Cape Town are contributing to the upswing in prices of nearby residential property and to the sales of both new and existing sectional title units.

As 2016 kicks off to a tumultuous start, perhaps one certainty is that the coastal belt from Durban North and uMhlanga through to the burgeoning Sibaya node and Umdloti is still booming.

At one or another stage of life we are all bound to find ourselves faced with the dilemma of whether to rent or buy a home.

The area around the iconic Loftus Versfeld stadium in Pretoria is set to become another of the city’s growth nodes, with the development of new residential and mixed-use spaces such as the ambitious Loftus Park with its retail and commercial office components.

Property developers have identified a growing need by up-and-coming executives to buy residential properties close to city centres without having the required 10% deposit.

While the ‘green revolution’ in residential property, unlike in the commercial sector, is still in its infancy, rapid strides in technology and increasing awareness of the potential cost savings and reduced environmental impact are making good sense to more and more home owners – and home buyers, says Pam Golding Properties.

By historical standards, housing in South Africa remains affordable and also compares favourably to affordability in other global housing markets. However, slower growth in local household income has seen a gradual deterioration in affordability since late-2013, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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