South African property Archives - AfricaBusiness.com

23Oct

By Africa BusinessNo Comments

When is it too soon to sell a residential property you bought?

By: Brendan Michie, Director at Hammond Pole Attorneys Whether or not South Africa will experience a buyer’s or seller's market for property in 2024 is challenging to predict, but several factors point towards a potential buyer’s market for some time to come. The economy is expected to remain weak, which will reduce the number of prospective homebuyers due to affordability constraints. High interest rates will lead to higher borrowing costs, indicating a market where buyers may have more bargaining power to potentially lower prices. On the other hand, a shortage of affordable housing in certain areas could push property prices higher, potentially supporting a seller’s market. Either way, it is important for potential sellers to monitor evolving market conditions and educate themselves a...

Zero – R100 Million in One Year: A New Industry is Born

In the space of a single year, targeted social media advertising has helped South Africa’s estate agents notch up hundreds of millions of Rands in residential sales – with numbers set to increase tenfold in the next few years. This social media boom has changed the way the South African property industry finds leads and concludes deals, while creating an entirely new revenue stream – and dragged it into the 21st Century. With the global uptick in ecommerce adoption over the last two years has come an exponential rise in social media advertising, with brands targeting millions of users on the platforms they spend hours on, each day. This shift to the online advertising world has proven to be a challenge for some sectors as marketers have struggled to get to grips with the complexity of Fac...

Clem Sunter and Wealth Migrate’s Scott Picken discuss scenario planning and its impact on the global and local property markets

Investors need to be aware of the red flags that bedeck the global economy and have the potential to derail the most careful preparation. This is the dire warning from scenario planner Clem Sunter, who is also the author of The Mind of a Fox and Thinking the Future. Wealth Migrate CEO Picken interviewed Sunter about the red flags to watch out for when assessing potential risks and opportunities as part of a recent exclusive webinar. The pre-recorded video of the webinar is now available and gives investors valuable insight into global and South African property investments as Sunter identifies the scenarios that could affect future investments. The webinar, which complements Sunter’s books, includes commentary from Picken, who has more than 20 years’ experience in the real estate indus...