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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.
Asrin Property Developers have broken ground and construction has begun at their 98 unit Cedar Place development in Grassy Park, with handovers expected to begin on 31 October 2018.
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.
In some sectional title schemes, trustees might think keeping the levies as low as possible would be beneficial to the owners, but this is sometimes incorrect.
When times are tough and consumer budgets are under pressure we hear a lot about mortgage defaults and home repossessions, but failing to pay your home loan instalments is actually only one of several ways you can cause your home to be attached and auctioned off?
The 2016 World Alzheimer Report, released by Alzheimer Disease International highlighted the fact that people living with dementia typically have poor access to appropriate healthcare.
Home buyers and those with mortgages will be encouraged by today’s announcement by the Monetary Policy Committee of a 25 basis point reduction in the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
There are often cases, particularly in older sectional title blocks, where units will need modernising or upgrading in some way or another.
National property developer FWJK Developments has secured the rights to develop a new 70 000m2 sectional title P-Grade office skyscraper in the Sandton CDB to the tune of R2bn according to Rhys Rocke, regional director of FWJK.
News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated credit rating one level above junk at BBB-, a move that no doubt makes us question what this means for the property development and real estate sectors.