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.

So the lease ended, your tenant left and now it’s time to advertise your rental property again.

According to StatsSA CPI (Consumer Price Index) figures, residential rental inflation has been outstripping average house price inflation of late.

JSE listed REIT Octodec Investments Limited today announced full year results achieving modest distribution growth of 0.8%, and declaring an annual cash dividend of 203.1 cents.

Most sellers want the best possible sales price for their home and often invest money and time in renovations, expecting these to increase the value of their property.

The value of outstanding credit balances in the South African household sector continued to show relatively low growth in the first nine months of 2017, rising by 3,3% year-on-year (y/y) to a level of R1 522,6 billion.

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.

Third quarter statistics (Q3 2017) from ooba, South Africa’s leading bond originator, show nominal positive growth of 3.3% on Q3 2016 in the average House Purchase Price.

It has been common practice for municipalities to sell vacant properties for both commercial and residential development, subject to a title deed condition that the property must be improved within a certain period or the properties would revert back to the municipality. 

A “lack of vigour” may be the best way to describe current performance across the full spectrum of property in South Africa.