The Cape property market continues to define and set the bar ever higher according to Seeff chairman, Samuel Seeff.
Johannesburg Social Housing Company (Joshco) has converted Europa House at 32 Plein Street, from a ten storey office block into 168 communal rooms with shared bathrooms and kitchens at a cost of R10 million.
Having been one of the first markets to react to the 2007 downturn in the residential property market, KwaZulu-Natal has been relatively slow to respond to the current upturn.
2014 ended on a positive note for landlords and rental agents, with 86% of residential tenants recorded as being in Good Standing.
The official opening of the multi-billion rand Steyn City Lifestyle Resort, north of Fourways in Johannesburg, heralds a new era in South African property circles with the 2 000 acre project representing Africa’s largest residential development to date.
Double-digit growth in new housing planned in 2014, with the construction phase contracting from the previous year.
With previous offerings virtually sold out, the last available residential estate investment opportunity in the Umhlanga Ridge area is opening up for an astute developer.

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