Property News


Coastal charm lures big budget holiday buyers back to picturesque Pringle Bay
Mar 28, 2014
The undeniable coastal charm of Pringle Bay has once again seen holiday home buyers flock here and Seeff principal, John du Toit says that it was a busy summer for property sales. In fact, the last year has been the best since the 2007/8 downturn; enquiries and sales are up and we are delighted that top end properties are once again finding buyers....
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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....
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Interest rate stability a vital boost as housing market starts to rebound
Mar 27, 2014
With the housing market in a much healthier position than what it has been in years, there is every reason to believe that it is poised for a rebound, says Seeff chairman, Samuel Seeff. Today's announcement by the Reserve Bank's Monetary Policy Committee Meeting to retain the repo rate at 5,5% is a welcome boost as the market gathers momentum, he says.
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Big ticket sales pick up on Atlantic Seaboard
Mar 10, 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.
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Bishopscourt top-end property back in demand
Mar 10, 2014
Following a relatively flat 3-year period leading up to the early part of 2013, demand for Bishopscourt property is once again buoyant, says Seeff agent, Ingrid McFarlane. In fact, activity has doubled over the last year and the demand continues unabated into this year. So much so, she says that there is now a shortage of stock and a real opportunity for sellers that may have been holding back.
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Tokai Villas, a hidden gem and superb investment choice for mid-market buyers
Mar 10, 2014
Located in the sought-after suburb of Tokai in the southern suburbs,Tokai Villasis a hidden gem and superb investment choice for mid-market buyers, yet still at prices that will surprise, says Seeff agent, Kallie Pretorius.
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Strong demand and good price growth for affordable homes and plots in Welgevonden Estate, Stellenbosch
Mar 10, 2014
Property owners in Welgevonden Estate, located on the edge of Stellenbosch have reason to be pleased as values in the development continue to grow above the national average, says Seeff agent, Droeks Malan. The estate continues to attract mid-market buyers to its well-priced selection of homes and vacant plots. In the last year about 62 houses and 10 vacant plots have sold here to the total value of almost R114 million. The average house price is now at around R1,718 million, up from around R1,6 million in 2012. The average price for vacant land has risen to R731,900, up by just over 10% from 2012.
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Seeff hails ‘good news’ budget as positive for housing market
Feb 26, 2014
Seeff chairman, Samuel Seeff has hailed Minister Pravin Gordhan's 2014 ‘good news' budget as positive for the housing market. It was a positive budget given the current economic pressure; one that encourages economic and job growth, both vital factors for the property market.
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Southern Suburbs apartment market buoyant, buy-to-let opportunity abound, says Seeff
Feb 10, 2014
The apartment market across the Southern Suburbs is buoyant, says Seeff's managing director for the area, Andy Todd. The market has improved steadily over the last two years from around 453 sales worth about R645 million in 2011 to 546 apartment sales worth almost R617 million for last year. This is a significant improvement of just over 20% in sales volume and more than 30% in Rand-value terms. With almost two apartments now selling across the area each day, the average price is up by 20% to around R1,2 million from just over R1 million in 2012.
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Village-lifestyle and value seekers head to the Helderberg basin, property demand up, but stock in short supply
Feb 10, 2014
Village-lifestyle and value seekers are heading to the Helderberg basin when it comes to buying or renting property according to Seeff's branches in the Strand, Gordons Bay and Somerset West. That these villages offer a sought-after lifestyle is reflected in the number of holiday makers that flock here annually, many of whom return yearly and often buy property for holiday, relocation or retirement. Buyers are once again moving within the areas and it is also attracting a good chunk of the semi-gration market.
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