Kay Jacobs

South Africa's real estate market has been through a series of ups and downs in recent years, influenced by a myriad of economic and social factors. As we delve into the key themes presented in the latest FNB Property Barometer, it becomes apparent that the market is in a state of flux.

The luxury property market above R20 million enjoyed another good year, although mostly in Cape Town with Gauteng buyers spending more on super luxury property this year, according to the Seeff Property Group.

When sellers sign an Offer to Purchase (OTP), they often believe that the sale is secure. However, the reality is that numerous factors can cause a sale to fall through even after the OTP has been signed. Understanding these pitfalls can help sellers navigate the process more effectively and ensure a successful transaction.