Viewpoint

Umhlanga on Durban’s north coast has become one of the hottest markets for semigration buyers, especially Johannesburg and surrounds.

While slowing marginally, mid-year data from the Deeds Office indicate that prices are still growing, predominantly in the lower price categories.

High demand for housing in secure estates are now evident while Applegarth Estate has launched townhouses to offer a broader choice for buyers.

PineworX, a modern, mixed-use block, located in the heart of Pinelands, is a first new apartment development in 25-years. Prices start from just R845 000.

It remains one of the best times to invest in property as mortgage lending approval rates continue trending upwards and deposit requirements downwards.

Paarl, Franschhoek, Stellenbosch, Wellington and Tulbagh have become popular Zoom towns attracting people from upcountry and the Cape metro.

While the pandemic has boosted demand for more outdoor space and greenery, waterfront apartments are also back in demand for a better lifestyle.

KZN property remains resilient in spite of the recent spate of unrest. While there will no doubt be some effect and the market has slowed, it is bouncing back.

West Coast property is “booming” driven by the low interest rate and Work From Home (WFH) trend as people look to escape or relocate close to Cape Town.

Mortgage loan data shows women are increasingly purchasing their own property with the highest number of sales concluded in the 31-35 millennial age bracket.

Contrary to expectation, house prices in Europe, Asia-Pacific, the USA and Canada are up by 8% to 10% over the last year compared to 5.75% in South Africa.

Low to no rent increases has enabled Pretoria landlords to retain good tenants and continue earning rental returns despite the Covid financial challenges.

It is arguably the best time to buy a house since 2007 as the property market continues to be a positive story for the economy, buyers and sellers.

Seeff provides insight into negative equity and how to avoid being unable to cover your mortgage bond or the cost of improvements when selling.

Seeff gives some advice on what to consider when deciding whether you want to purchase an existing home or buy into a new development on an off-plan basis.

Market conditions continue to largely favour buyers and it is a good time to sell. Seeff provides guidance on what to do if your property does not sell.

Micro-apartments are trending as a cost-effective solution and is ideal for buyers who spend little time at home and do not want the burden of maintenance.

The desire for a better lifestyle has received a significant boost from the Covid pandemic with many foreign buyers and expats investing in SA.

In the midst of the looting crisis, Seeff mobilised our Home2Home CSR initiative to assist with food relief collection and transportation to KZN.

The SARB decision to retain the interest rate unchanged is welcome news and will continue supporting the positive property cycle.