Property Barometer

Some excellent reading material available here for you, being the latest Property Barometer produced by FNB. See also below the link to the Property Price Forcast from Lightstone.

Select pdf file below

Note that this is a national overview and our beautiful Western Cape is not showing signs of slowing down, in fact ‘she is on top form!

Click image to access Lightone’s Property Price Forecast

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New CT municipal bylaw amendment good news for landlords

Once promulgated in the Provincial Gazette, new municipal bylaw amendments by the City of Cape Town will allow “short-term letting from a house or flat for a period not exceeding 30 consecutive days for the same guest”.

Johette Smuts from PayProp says that while the amendments might mean an increase in rental in an already expensive city centre, the announcement is great news for landlords, and potentially positive for rental agents too.

“Previously, only single residential houses had the right to provide short-term letting (with the correct zoning). Body corporates, HOAs and other governing bodies retained control of short-term letting according to their own rules,” says Smuts. Continue reading “New CT municipal bylaw amendment good news for landlords”

The most expensive streets, suburbs and estates in Cape Town

Amid the tumultuous environment of the property market over the last several years in South Africa, Cape Town has not only remained stable in house price inflation but shown significant growth thanks to foreign investors and migration from other provinces.

Data a research group, Lightstone, recently analysed data of several million properties in the Western Cape and pinned the annual inflation rate at just under 4.0%, with a monthly rate of 0.27%.

One of the most interesting findings, the group said, is how the value and volume of properties compares between Cape Town and Johannesburg.

During 2008 the rand experienced its most dismal period to date performing exceptionally low against its global counterparts and the property market experienced negative growth on a national scale.

“Annual property inflation experienced similar growth nationally over the next four years. After 2012 however, the Western Cape and the City of Cape Town became increasingly more attractive to potential buyers,” Lightstone said. Continue reading “The most expensive streets, suburbs and estates in Cape Town”

Computer Assisted Property Valuation

If you are moving home, getting a reliable property valuation is an essential step in the process.

A property valuation will give you an estimate of how much your house should be worth, based upon a number of different factors.

Even if you are not planning to move home straight away, house valuations remain an excellent tool to indicate a current market value and what improvements could be made should you want to potentially increase the value of your home without over capitalising.

By answering a few easy questions on the current condition of your home, our free property value calculator which uses the latest GIS (Geographic Information Systems) will give you an idea of how much money you could potentially make from the sale of your home.

Unique to Valuator we are also able to reference recent final property sales (selected Cape Town metropolitan areas) that have not yet been recorded in the Deeds Office which makes our report that much more current and reliable!

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These reports are free until 1st June 2018

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