Hold or sell? That’s the dilemma the launch of each new office complex in Sandton raises in the minds of adjacent or nearby local homeowners. This is according to Ronald Ennik, founder and CEO of luxury home marketer Ennik Estates, who says it’s a choice that is almost certainly being faced right now by residents close to Sandton’s latest commercial …
Absa – House Price indices
Based on the Absa house price indices, nominal year-on-year growth in the average value of homes in the middle segment of the South African housing market remained in single digits in February 2014, impacted by factors related to the economy, household finances and consumer confidence. Single-digit nominal house price growth is forecast to continue in 2014 on the back of …
Sales spike follows rate rise
Despite all the gloomy predictions about property sales falling off after interest rates were increased in January, the move by the Reserve Bank to shore up the value of the rand actually seems to have brought about an increase in home buying activity, especially at the lower end of the market. Thats the word from Berry Everitt, MD of the …