Property News


Atlantic Seaboard and City Bowl sellers cash in on buoyant demand for apartments amidst improved bank lending, say agents
Oct 29, 2013
That there is more activity in the primary residential market on the Atlantic Seaboard and in the City Bowl is now borne out by the sales figures, says Seeff's managing director for the area, Ian Slot. Given that the area is home to one of the highest concentrations of apartment housing, the sectional title sector is one that we track with great interest as it is a real barometer of whether activity has improved, he adds.
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Sellers cash in on buoyant demand, 25% uptick in sales predicted for Southern Suburbs, says Seeff
Oct 8, 2013
Sales activity in most of the areas across the Southern Suburbs is at the best levels since the 2007/8 economic downturn, says Seeff's Southern Suburbs managing director, Andy Todd. Especially areas popular with family buyers, has seen a significant uptick in demand and sales this year. By mid-year, sales across the area already amounted to 645 sales to the value of almost R2 billion while Seeff's sales already tops the half a billion mark, he says. If the buoyant trading conditions persist and we extrapolate the activity based on historic sales trends, we predict to end the year on a healthy increase in sales volumes across the area to around 1,290 units, about 25% up on the 2012 total unit sales of 1,029.
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Strand seaside strip heads for stock shortages as buyers cash in on the lifestyle and affordability, say agents
Oct 8, 2013
As a residential and holiday hotspot, the Strand seaside strip is beginning to hit a high note with residential buyers looking for an affordable seaside property in a prime location, say Seeff's agents, Alten Vermaak and Eldie Gerber. Following a slump in sales along the beachfront belt post 2007/8, we have over the last two years seen a gradual recovery in demand, driven primarily by residential buying with around 100 properties to the value of R135 million on average selling here now. About 85% of all sales have been beach front apartments, add the agents.
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Luxurious ‘Long Island’ designer home with panoramic views on the market in Constantia Upper for R29 million
Oct 8, 2013
A luxurious ‘Long Island' designer home in Constantia Upper is on the market for R29 million. The home occupies a stunning location against the slopes of Table Mountain and enjoys panoramic views over the valley and surrounding mountains as far as the False Bay coast. This beautifully constructed and finished home is also often used for advertising and film shoots, say Seeff agents, Shelley Kruger, Marie Durr and Jenny Williams.
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R1,3 billion in sales and strong capital appreciation for V&A Waterfront apartments as activity improves, say agents
Oct 8, 2013
Sales activity and average prices at the country's most exclusive water-side development, the V&A Waterfront is improving steadily year-on-year, says Seeff agent, Ross Levin. In the last five years about 100 apartments have sold, yielding gross sales to the value of almost R1,3 billion; 34% (R445,3 million) sold by Seeff. While turnover is still somewhat below the levels that we would like to see, it is encouraging to note that the 2012 sales of 24 units to the value of almost R213 million, is not only a significant 26% higher than the 19 sales to the value of R160 million in the year before, but about 33% up in Rand-value.
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Estate of historical significance boasts country living in the city, says Seeff
Oct 8, 2013
There are few residential estates in South Africa that can lay claim to such a rich cultural background of historical significance as the Southdowns Estate in Centurion. Many, in fact, describe this estate as "a piece of the past finding its way to the future," says Seeff Centurion MD, Steve van Wyk.
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Ferndale offers old world charm and commercial opportunities, says Seeff
Oct 8, 2013
The well-established leafy suburb of Ferndale is a pretty suburb with old world charm, perfectly situated within the wider Randburg area and the Gauteng region. Close to all amenities and main routes, Ferndale is a hidden central gem for family buyers - especially those with extended families - and for professionals like psychologists and lawyers looking to utlilise extra space for commercial purposes.
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Witbank is changing quickly, even French flair to be found, says Seeff
Oct 8, 2013
While the province of Mpumalanga is traditionally associated with wildlife and bushveld, a French Chateau towers charmingly and celestially amongst the scenic Highveld sunsets in the Riverview estate just outside Witbank.
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Victorian landmark and former British Consulate Balquhidder for sale on the crest of Durban’s Berea
Oct 2, 2013
Currently for sale with Seeff Berea at R9.8m isone of Durban's most significant architectural landmarks,a magnificent triple-storey home whichformerly housed the British Consulate, and was visited for tea by Queen Elizabeth in 1947 when she was still a princess.
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Housing market momentum boosted by the unchanged interest rate, says Seeff
Sep 20, 2013
Seeff chairman, Samuel Seeff has welcomed the decision by the Reserve Bank's Monetary Policy Committee to keep the repo rate unchanged at the historically low 5%. Economic indicators set the trend for whether there is reason to be optimistic and positive market sentiment fundamentally impacts the economy as a whole and especially the property market. Given the muted economic landscape, the decision should be seen as highly positive and will hopefully further boost confidence and activity levels in the market.
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