The residential property market has had its ups and downs during 2016 as the economy stagnates, the Reserve Bank started hiking interest rates again and consumers struggle with household debt-to-income.

Nedbank today announced that it has committed to investing R1bn into a new mixed-use office and retail development in Umhlanga, KwaZulu-Natal, which is currently under construction.

Sectional Title homes have seen a long term rise in prominence in South Africa’s property trade, driven by mounting urban land and infrastructure scarcity, which requires a “drive” towards smaller average sized properties as we look to utilize land and infrastructure more economically.

Modern homes are generally becoming smaller as more people look to live in convenient sectional title apartments or more compact, manageable houses.

Wednesday, 16 November 2016 15:03

Popular Norwood offers something for everyone

The local residential property market in the northern Johannesburg suburb of Norwood is highly buoyant and homes in the area remain in strong demand, says Pam Golding Properties.

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, this morning announced a solid operational performance for the six months ended 31 August 2016.

The much-anticipated Community Schemes Ombud Service (CSOS) Act is now fully operational and applicable to all community housing schemes including Sectional Title and shareblock schemes, cluster complexes and estates run by home owner associations (HOAs), retirement villages and housing co-operatives.

Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.

Much has been said about the attributes of living on a residential estate, and while lifestyle appeal is a crucial component, the fact is the sound investment value both in terms of capital appreciation and potential rental income also speaks volumes to property buyers across the country, says Dr Andrew Golding, CE of the Pam Golding Property group.

Easy access to the workplace, educational institutions, shopping, entertainment, transport, and other facilities, as well as security, remain important concerns to the residents of Pretoria, and are assisting to drive ongoing demand for properties in well-situated estates and sectional title complexes.

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