Property News


Cape property market set for a splendid summer
Oct 13, 2014
Speaking at the agency's recent 50thanniversary celebrations, Seeff chairman, Samuel Seeff noted that this is by all accounts a good year for property and especially for sellers. Not only is there a significantly better mood in the market, but buyer activity is at the best levels since 2007/8, properties are selling faster, for closer to and even more than the asking price and severe stock shortages underpin the good selling conditions, he said.
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Little Glen Views, new luxury villas launched in sought-after Camps Bay
Oct 13, 2014
A new development, Little Glen Views, with four luxuriously designed and finished contemporary-styled lock-up-and-go villas has been launched in Camps Bay. Ian Slot, Seeff's managing director for the Atlantic Seaboard says that amidst buoyant demand and stock shortages, this is a welcome addition for residential, holiday and investment buyers in this sought-after seaside suburb.
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Seeff Pinetown office sees great demand for homes to buy or to rent, with sales taking only around 3 weeks
Oct 7, 2014
2014 is Seeff Property Group's 50thanniversary, and a year during which they have expanded their presence across KZN, opening new branches in North Durban and Amanzimtoti, as well as Pinetown.Seeff Pinetown opened in April this year in Caversham Glen, whenhusband and wife team Jan and Michelle Vermeulen, owners of the Seeff Queensburgh/Chatsworth licences, together with Mike Licina, purchased the Seeff Pinetown license.Together these three have over 21 years' of real estate experience, 15 of those with Seeff. They report that the market is hotting up in Pinetown and surrounds.
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The Village at Palm Lakes on KwaZulu-Natal’s North Coast set to be a winning investment
Sep 30, 2014
The popular Palm Lakes Family Estate on the KwaZulu-Natal North Coast is set to expand, with local developers Northglobal Group's launch of 88 homes in The Village. This development is situated on top of a raised point, with breathtaking views of the surrounds, and offers four different styles of home ranging in price from R1.399m to R2.195m, including transfer duty and VAT.
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Rare and spectacular wine farm on the market in the Prince Albert Valley for R94 million
Sep 26, 2014
An exceptionally rare and spectacular wine farm, Bergwater Winery, situated in the exquisite Prince Albert Valley, about 20kms from the village of Prince Albert, is on the market. Totalling 1,500ha, the property actually comprises of three farms that can be sold separately or as a single unit for R94million, say Seeff agentsSettie Uysand Yolande Singery.
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Iconic fisherman-style holiday homes a draw-card for unspoilt Jacobsbaai, West Coast
Sep 26, 2014
Located about 90-minutes' drive from Cape Town and midway between Vredenburg and Saldanha Bay, the hamlet of Jacobsbaai (also known as Jacobs Bay) has retained much of its traditional West Coast village influence and is still somewhat of a hidden gem for weekend and holiday home buyers according to Seeff agent, Elma Steyn.
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View from the top, Cape Town penthouses still tops the demand and price stakes
Sep 26, 2014
When it comes to chic city living, few properties can compare to a penthouse, says Ian Slot, managing director for Seeff's Atlantic Seaboard and City Bowl operations. While Sandton now also boasts a few of these exclusive residences, the Michelangelo Towers and Regency for example, with price tags of up to R65 million, Cape Town is still home to the continent's most sought-after and valuable penthouses. The most expensive of these are at V&A Waterfront and have sold for up to R32 million, R55,5 million and just over R110 million, all sold by Seeff.
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Atlantic Seaboard and City Bowl sectional title sales show significant turn up
Sep 26, 2014
Activity in the sectional title sector of the Atlantic Seaboard, CBD and City Bowl property market continues to strengthen significantly on the back of strong buyer demand for Cape Town's sought-after cosmopolitan seaside lifestyle according to Ian Slot, Seeff's managing director for the areas. Moving from a position of an oversupply of properties for sale following the 2007/8 down-turn and conditions overwhelmingly favouring buyers, we are now demonstrably in a sellers' market, he says.
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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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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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