Property News

While the market for family houses below R1,8 million has been booming since mid-2020, we have also seen a marked increase in sales of suburban houses in the R3 million to R4 million price band, says the Seeff Property Group.

Motivated by the prevailing, historically low-interest rates and further incentivised by banks’ lending appetite and sound purchasing opportunities, South African first-time buyers across the country continue to capitalise on the favourable buying environment and demonstrate confidence in the residential property market by acquiring their own homes, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The recent blaze that unfolded along the Cape’s iconic Table Mountain was a reminder of the very real threat fire poses to homeowners. It is impossible to predict if and when such a disaster might strike, which makes it all the more important for homeowners to have all the necessary safety precautions in place to minimise the potential harm.