Property News


Unchanged rate welcomed as housing market continues to trend upwards
Sep 18, 2014
Today's decision by the Reserve Bank's Monetary Policy Committee to keep the repo rate unchanged at 5,75% (9,25% mortgage loan rate) is welcome news as the housing market continues its upward trend, says Seeff chairman, Samuel Seeff. For the first time since the 2007/8 down-turn, sales activity is showing real upward movement, not only in the primary urban sectors, but also in the secondary coastal markets.
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Younger families now drawn to the Karoo for quality life and cost savings
Sep 8, 2014
While people continue flocking to the urban areas for better economic prospects, Seeff's Cape Country managing director, Ian Badenhorst says that as much as 20-40% of buyers in the quaint Karoo towns are now families under the age of 45. These buyers are increasingly leaving the big cities behind in search of a better quality life and cost savings. Current hot spots include Ladismith, Prince Albert, Barrydale and De Rust.
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Somerset West sellers urged to act while the going is good
Sep 8, 2014
As with most of the high demand urban areas across the country, Somerset West agents are also reporting severe stock shortages on the back of strong demand for homes in the village according to Seeff's manager for the area, Loretta Diab. After a lengthy period of subdued demand, she says that finally the market has picked up, but now we just do not have the stock to meet the buyer demand.
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Cape Town still the sweet spot for super wealthy buyers
Sep 8, 2014
When it comes to super wealthy buyers spending upwards of R20 million for a property, Cape Town is by far still the sweetest spot in the country according to Seeff chairman, Samuel Seeff. Speaking at a media event during the last week, Seeff said that while buying at the top end of the market is still highly selective, these buyers are nonetheless still spending well into the upper millions for the right property in the right location.
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Southern Suburbs homes now selling in record time
Sep 8, 2014
Agents in the Southern Suburbs report that properties are now selling in record time, anything from the day of listing to well within a month and, often for the full asking price or very close to it. Buyers are staking their claims with newly listed homes selling so fast that most never even make it to website listings, let alone to a Sunday show house, says Andy Todd, Seeff's managing director for the area.
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Professionals, family buyers home in on Durbanville, pay record prices
Sep 8, 2014
Professionals and family buyers especially are heading to Durbanville and are prepared to pay record prices for homes here according to Seeff's principal for the area, Joe van Rooyen. On the back of a significantly better mood in the market, he says that the average price has increased year-on-year by 10% to R1,7 million. Amidst this, Seeff recently clinched three record sales of up to R5,5 million in Durbanville Hills and a record rental of R30,000 per month in Eversdal Heights.
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What does the future hold for buy-to-let buying?
Sep 2, 2014
Andreas Wassenaar, MD of Seeff Dolphin Coast and Seeff KZN Chairperson, tells us what the future holds for buy-to-let buying, and the factors that underpin his forecast.
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Richards Bay is also Happy, thanks to Seeff!
Sep 2, 2014

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Growing demand for Pearl Valley Golf Estate as buyers discover the scenic location and quality lifestyle
Aug 11, 2014
The Pearl Valley Golf Estate really does enjoy an enviable location and lifestyle, a combination that is increasingly drawing upper income buyers according to Seeff's agent for the estate, Elza Oberholzer. Located about mid-way between Franschhoek and Paarl, the 212ha award-winning estate is framed by the towering Drakenstein and Simonsberg mountains and boasts spectacular views, top class security and outstanding facilities including a Jack Nicklaus Signature Golf Course, top ranked by the Golf Digest and Compleat Golfer magazines.
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Southern Suburbs' agents desperately seeking sellers
Aug 4, 2014

Just when agents thought it was time to have a breather after all the swallows had returned to their nests in Europe, local buyers exploded onto the Southern Suburbs scene according to Andy Todd, says Seeff's managing director for the area. Buyers are flocking to weekly show houses, enquiries are at record levels and properties are selling almost as soon as they are listed, he says....
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