Property News


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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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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New Raithby Vines, Somerset West development gets underway
Feb 10, 2014
Work on the new Raithby Vines residential development on the edge of the historic Raithby village located on the R44 (just off the N2) between Somerset West and Stellenbosch has started with construction of the basic services now underway. These should be in place early in the second quarter when the plots may be registered and building on the new homes can start, says Seeff agent, Jaco Smit.
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Spike in rental demand in Hout Bay and Llandudno as tenants discover the lifestyle allure
Feb 5, 2014
Following a buoyant 2012, Seeff's rental agents in Hout Bay and Llandudno report that the last year has seen this sector of the market expand further with growth in the demand for rentals up by 20% year-on-year. After a few rather subdued years, we have seen a consistent influx of tenants to the village over the last two years, drawn largely by the laid-back lifestyle on offer, say rental agents, Ruth Webb and AnnaPaulina Botten.
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Breathtaking views and top class security beckons for family buyers in Bel’Aire Winelands Estate, Somerset West
Feb 5, 2014
Bel'Aire Winelands Estate, located on the edge of Somerset West boasts what must rank amongst the best views in the greater Cape Town metropolitan, says Seeff agents, Rosmarie Bell and Christian Kohnle. On a clear day, you can literally see across the entire Helderberg Basin as far as the Stellenbosch vineyards, the Strand and False Bay coastline.
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Paradise found … bargain beach home buys aplenty at Shelley Point, West Coast
Feb 5, 2014
Despite the down-market conditions and flat house price growth in the smaller coastal villages, prices are generally still perceived as somewhat out of reach for most potential holiday home buyers. In reality though, there are real hidden gems that offer property options at exceptional prices, you just need to know where to look, says Seeff West Coast agent, Karin Holloway.
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Foreign buyers hedge their bets on Cape Town, buying activity spikes by 50%
Feb 5, 2014
Buoyed by the weak Rand, there has been a notable increase in foreign visitor numbers to the Cape this summer and, while a boon for the tourism sector, Seeff's managing director for the Atlantic Seaboard, City Bowl and CBD, says property too has seen a significant spike in business. For the first time in years, we have, over the past year seen about a 50% hike in foreign buying activity in these seaside areas compared to 2011/12. Most of these sales were cash, bringing direct foreign investment, tax revenues and job growth into the country.
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