The housing market seems to be taking on a different tone, shifting from an overwhelmingly buyers' market to more favourable conditions for sellers in many areas, says Seeff chairman, Samuel Seeff. The prospects for sellers have improved month-on-month since about mid-last year and we have seen a strong start to this year, despite the economic setbacks and recent interest rate hike, says Seeff chairman, Samuel Seeff.
As we head into the cooler months, the market remains fluid and demand continues to heat up. Cash-flush buyers and those with good credit records, armed with their deposits are taking advantage of the favourable buying conditions. Homes are selling faster in the metros and, while FNB still points to an average selling period of around 15 weeks, we are in fact seeing realistically priced homes now selling within anything from 6-8 weeks and some even following the first show day.
The foreign and expat buying fever has spilled into Cape Town's southern suburbs, says Seeff's managing director for the area, Andy Todd. After an almost 5-year period during which buying by foreign nationals and South African expats were sporadic rather than a trend, about 20-30% of our buyers over the last few months fall into this buying category. Additionally, we have also seen an influx of upcountry buyers, mostly with the view to relocating to the city, he adds.
While the depreciation of the rand has obviously made property here more attractive for buyers, Todd says that the upward trend should also be seen in the light of the improvement in the economies of the UK and Europe. Likewise, the growing trade on the African continent is adding to the increase in African buyers.
Farms around the Franschhoek/Paarl Valley are back on the investment radar of local, upcountry and foreign buyers looking to secure a sought-after property in this scenic and fertile valley, says Seeff Franschhoek agent, Elza Oberholzer. Interest is once again coming from across the board with anything from small lifestyle plots to larger lifestyle farms and commercial wine and olive farms back in demand, says the agent.
Aside from the commercial and hospitality development opportunities available to buyers, many choose to simply opt for a lifestyle farm for residential purposes in their search for a tranquil country lifestyle, yet within close proximity of the city, she says. Others are looking to develop either a small commercial operation or tourism product with cottages for supplemental income.
An exciting new residential development,Flamingo Bay, located in the Middlevlei Nature Reserve and Bird Sanctuary that is nestled between the sea and Bot River Lagoon has been launched. Overlooked by the majestic Kogelberg Mountain Range and with the lagoon and miles of unspoilt beaches, it is one of the most scenic settings that will especially appeal to nature lovers, say Seeff agent, Linda Woolnough and associate Corlia Smuts.
Middlevlei Estate and the nearby village of Fisherhaven (also on the banks of the Bot River Lagoon) have been somewhat hidden gems for residential and holiday buyers, but we have in the last year seen growing interest in property here. This has largely been driven by the fact that the value on offer is still quite unmatched compared to other coastal areas around the popular Hermanus area. This new development, Flamingo Bay is a welcome addition and is set to further boost the area's popularity, say the agents
Seeff Dolphin Coast team takes clutch of top awards, with Andreas Wassenaar receiving Seeff Chairmans Award
Apr 14, 2014
In this, Seeff's 50thbirthday year, the brand is seeing continuing growth in KwaZulu-Natal KZN), as well as the opening of new branches, the most recent being Seeff Amanzimtoti. Another success for the brand in the province was awarding of theSeeff Chairman's Award at the recent Seeff KZN Awards held at Coastlands Hotel in Umhlanga toAndreas Wassenaar, MD of Seeff Dolphin Coast and Seeff KZN Chairperson. This award is granted annually by Samuel Seeff to a person that he feels has brought great value to the brand, and it is the first time ever that this award has been granted to a licensee from KZN.
50th birthday year sees Seeff expansion growing in KZN with opening of Seeff Amanzimtoti branch
Apr 1, 2014
In this, its 50thbirthday year, Seeff is steadily growing its brand in KwaZulu-Natal (KZN), evidenced by 3 years of consecutive sales growth in the province averaging close to 30% per annum. This growth pattern is set to continue, with business owners of the current 9 Seeff KZN outlets collectively projecting a 50% growth in 2014
With a shortage of new homes in the Queensburgh, Northdene and Paradise Valley areas,Seeff Queensburgh are now launching anew sectional title development,
Milkwood Estate, set on Entabeni Road in Paradise Valley, Pinetown. SaysSeeff Queensburgh LicenseeJan Vermeulen: "We have been working with developer Brenden Keating of PI Roofing & Building cc for the past 3 years to assist in alleviating this shortage of accommodation. Brenden's portfolio focuses on facilitating a comprehensive solution for development of housing for the medium- to high-income market.
Bluff oasis offers the best of breaker views, living space and landscaping at R9.95m
Apr 1, 2014
The Bluff in KwaZulu-Natal is an imposing headland that forms the south-eastern arm of Durban Harbour. Once covered in natural coastal vegetation, it is now prized residential land for those who seek superb views of the Indian Ocean. Now for sale with Seeff Bluff is a home with 180-degree view of the sea which was built in 1948 by Frederick Augustus George Love. Love undertook a 10-month journey from England through Africa with the intention of settling in the Cape, but was so captivated by the Bluff's unspoilt beauty that he chose to settle in Durban instead. En route he came across an oasis called El Golea where they were fed and given water and sent on their way by the resident nuns, and he named this house on Marine Drive El Golea...
Big ticket sales increase in Atlantic Seaboard
Mar 28, 2014
The top end of the Atlantic Seaboard market is off to a flying start for the year, says Seeff's managing director for the area, Ian Slot. The big spenders are back and they are putting their money into property. Seeff alone has sold almost R500 million in real estate over the summer including a number of big ticket sales already concluded and more under negotiation, he says.
Last few homes up for grabs at luxury new residential development, Nieuwe Steenberg
Mar 28, 2014
Construction is now well underway and there are only a few homes still up for grabs at the luxury new residential development, Nieuwe Steenberg, says Seeff agent, Mandy Kuhn. This prestigious estate is located against the slopes of the Steenberg Mountains with stunning views of the surrounding vineyards and Constantia Valley....