Property News

With the average age of first-time buyers having jumped to 35 and retirement savings being steadily reduced by a weakening economy, more and more people are considering joint property investment to get a foot in the property market and take care of extended family.

The PayProp Rental Index for the third quarter of 2019 reveals that September 2019 had the highest year-on-year rental growth for the year at 4.2%, beating inflation for the first time since April 2018 – although rental growth has remained flat for the quarter. Johette Smuts from PayProp says that the monthly growth figures reported from January to August 2019 fluctuated between 3.1% and 4.2% each month, following a flat trend similar to that seen in 2018,

Lightstone recently released their latest Gauteng residential property data and it has revealed the suburb with the highest volume of first-time buyers in Gauteng, as well as other top performing areas and wealthiest streets in Gauteng.