Plans are underway to develop a new eco-friendly luxury estate in the Western Cape.
The South African Reserve Bank (SARB) has increased interest hikes once again, taking its toll on everyday consumers who are trying to pay off thier homes.
Construction on a new development in Soweto is starting, bringing four lifestyle estates to the area.
According to Seeff, 20% to 25% of home buyers over the last two years have been from large cities - mostly Cape Town and Johannesburg.
MyProperty has published its most recent Home Loan Report for October 2022 showing the average interest rate as well as its effect on buyers in South Africa - especially those who are looking for homes for the first time.
The average monthly rent has increased across all provinces for the first time in five years.
Construction companies are not putting together as many building plans as they used to - indicating a worrying trend.
Data on private sector building plans show a boom in demand for residential building developments in the Western Cape - while demand in Gauteng is declining.
Sandton City has a new coastal rival with the launch of Oceans Mall in Umhlanga.
South Africa's property market is being tossed to and fro by shifting dynamics - and things have swung in buyers' favour.
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