Aida makes its mark in Vaal Triangle

Aida National Franchises, South Africa’s oldest real estate franchise group, has opened a new office in Three Rivers to serve property consumers in the Vaal Triangle.
The Aida Vaal office has been trading since January and office manager Hannatjie Stoltz says the brand has been keenly received in the local market.
“Aida has been in operation for more than 50 years and is a well-known brand in the local property market  - our clients see it as a reliable company with a reputation for outstanding service and we were overwhelmed by the positive response from local property consumers.”
The office, which currently fields five agents, serves the entire Vaal Triangle including Sasolburg, and Stoltz says more agents will be appointed soon to cope with the increasing number of consumers approaching the office for assistance with property deals. Owners Cas Aucamp jnr and Cas Aucamp snr say the franchise will open several additional offices in due course.
Stoltz adds that the local market is showing signs of a revival. “The recent recession dampened demand but inquiries for homes in all price ranges are increasing, although family homes under the R700 000 mark are in greatest demand.
Entry-level prices for three-bedroom homes in certain suburbs of Vereeniging and Vanderbijlpark are now around R400 000. Stoltz says there is also demand for homes in the luxury segment with price tags of up to R2m but that bank financing remains sticky. “The market is expected to pick up more steam as soon as financing is more readily available.”
Properties repossessed by banks because owners under pressure could not keep up repayments due to the recession, are also in great demand among bargain hunters.
Demand for development land is growing once again and Stoltz says this is an indication of increasing confidence in the local propetry market. “It is always a healthy sign when developers have enough confidence to start new projects.”
Aida head office

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Jan 2018
      Many people only start thinking about home-ownership when they are ready to “settle down” or start a family, which is why first-time buyers these days are generally in their mid-30s, compared to those in the previous generation who were usually in their mid-20s.
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us