Brackenfell, thought by many property trend watchers to be the precinct that now offers the best value for money and the best capital growth prospects.

Wednesday, 23 May 2018 23:36

Africans investing in Africa

While the number of international buyers in residential property in South Africa remains relatively low, at somewhere in the region of three percent nationally, investors from elsewhere on the continent – including returning expats - retain their appetite for the acquisition of South African real estate for a variety of reasons.

Globally, people are prepared to pay a premium for properties in suburbs that have good schools, says Gareth Bailey, Pam Golding Properties area principal for Durban Coastal.

Shareholders are advised that MAS, through a wholly-owned subsidiary, MAS (IOM) Holdings Limited, has concluded a sale and purchase agreement (“SPA”) to acquire from New Uberior House Holding Limited.

By now the whole of South Africa is aware of the increase in the VAT-rate to 15%, announced during the 2018 Budget Speech.

The Middle East is weak. Europe, Hong Kong, Macau and Canada continue to experience strong price rises. But China, Russia, Japan, and most of the Middle East are experiencing either house price falls - or a sharp deceleration of house price rises

Surrounded by mountains and situated at the foot of the Long Tom Pass in Mpumalanga, Lydenburg, now also known as Mashishing, is rapidly becoming a business hub servicing the surrounding communities and mining interests as far afield as Pilgrim’s Rest, Steelpoort, Burgersort, Ohrigstad and Rietfontein.

How often do we see those adverts “perfect for home-office” or “ideal for business” on an estate agent’s advertising platform and take it as a given that the said property is in fact ‘ideal for business’? But often these advertising statements are either loosely, incorrectly or deceitfully used in order to make a property more attractive to buyers.

Foreigners - including South Africans, wanting to acquire freedom of movement for themselves and their families to study, work and live anywhere in the European Union, are increasingly turning to Portugal to acquire EU citizenship, says Chris Immelman, MD of Pam Golding International.

In the 4th Quarter 2017 FNB Estate Agent Survey, the secondary home demand percentage was mildly lower than in the prior quarter, representing the 3rd successive quarter of decline.

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