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Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, released its interim results for the six months ended 31 August 2017.
The first three quarters of 2017 saw building activity in the South African market for new private sector-financed housing (see explanatory notes) contracting in both the planning and construction phases compared with the corresponding period last year, based on data released by Statistics South Africa.
Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
Visitors are paying premium rental prices to enjoy the pristine beaches and cosmopolitan lifestyle the Mother City has to offer, says Pam Golding Properties, with homes along the popular Atlantic Seaboard fetching daily rentals of around R30 000.
Indluplace Properties Limited (‘Indluplace’), the first residential focused REIT listed on the JSE, today announced their annual results for the full year ending 30 September 2017.
As the only South African city with a thriving CBD, Cape Town’s adjacent City Bowl uniquely offers the perfect synergy of urban accessibility and suburban lifestyle, which makes it especially appealing to millennials (under 35’s) who accounted for 42% and 25% of recent buyers in Vredehoek and Gardens respectively.
So the lease ended, your tenant left and now it’s time to advertise your rental property again.
According to StatsSA CPI (Consumer Price Index) figures, residential rental inflation has been outstripping average house price inflation of late.
JSE listed REIT Octodec Investments Limited today announced full year results achieving modest distribution growth of 0.8%, and declaring an annual cash dividend of 203.1 cents.
Most sellers want the best possible sales price for their home and often invest money and time in renovations, expecting these to increase the value of their property.