Just less than six million mortgage and home loan applications were received and processed between 2018 to 2022 and of this number, two million were from previously advantaged persons (PAPs) with just over one million approvals.

Government plans

At a briefing in Pretoria on Monday, the Minister announced government plans and developments in the human settlements sector.

She said the country’s gap market was experiencing serious difficulties in accessing housing.

According to an analysis of applications from historically disadvantaged persons (HDPs), the total number of applications over five years is about four million valued at R2 trillion, and the number has been on the increase over the years although it slowed down in 2020 because of COVID-19.

“The total number of approved applications over five years is 49% of the total valued at R1 trillion compared to a decline which is valued at R636 billion and approximately half of the applications are declined which is an indication the number of people who can’t access housing is still high,” said the Minister.

She added that the number of “HDPs applications is twice as high as that of their white counterparts. In addition, the average mortgage loan approved per HDPs was R527,000 compared to PAP at an average mortgage value of R2,5 million which still indicates wealth inadequate,” Kubayi explained.

The Minister also noted a higher number of applications, 1.3 million from women are approved compared to 1.1 million received from men. 

High interest rates resulting in the high cost of living, limited access to finance, higher property prices,  a high level of indebtedness and limited supply of affordable housing were some of the reasons touted for the unaffordability of housing.

The Minister also highlighted the work the department is doing in collaboration with other stakeholders, such as building material suppliers and financial institution to ease the burden of housing for first-time homeowners in the gap market.

Home loan market activities 

She noted that the Home Loan and Mortgage Disclosure Act (HLAMDA) was promulgated in the year 2000 and that the Act is intended to compel financial institutions to disclose information about their leading activities and practices in the home loan market.

“The information is disclosed to the Office of Disclosure through the Secretariat which is within the Department of Human Settlement, and the information submitted to the Office of Disclosure is mortgages, pension-backed leading and unsecured lending for home loan /use purpose only.

“In the past, it had only been possible to ascertain the number of home loans granted by financial institutions, but not those home loan applications which have been declined and reasons,” Kubayi explained.

She said that these trends highlight the performance of financial institutions, and it helps them to establish the home loan leading patterns and practices of financial institutions.

In her presentation on mortgage approvals for lower -medium-income brands (R0-15,000), the Office of Disclosure’s analysis of the past five years showed a concerning trend in the affordability of housing for the gap market.

She said the decline in the approvals in the gap market is quite significant, and this indicates that access to mortgage finance for the gap market is becoming increasingly difficult.

Home Loan and Mortgage Disclosure Amendment Bill 

Meanwhile, Kubayi underscored the need to finalise the Home Loan and Mortgage Disclosure Amendment Bill to address discriminatory lending practices and promote fair access to housing finance.

“The Office of Disclosure is an important institution which is a critical element in achieving spatial transformation and integrated human settlements. Currently the information it receives is riddled with data duplication and incompleteness.

“Without data quality control and non-compliance by financial institutions, the picture we have just presented could be worse than we think. It is therefore important that this office be given all the necessary support including legislative amendments to strengthen its ability to discharge its responsibilities,” Kubayi said.

Are you struggling to break into the housing market?

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Women have dominated property ownership since 2022

Hayley Ivins-Downes, managing executive at Lightstone, said women-only buyers accounted for 38% of properties owned. In addition, women co-owned another 33% of properties, as reported by Bizcommunity.

Ten years ago, the situation was very different. Mixed-gender couples buying property outnumbered both men-only and women-only buyers then.

In 2019, single women accounted for less than 30% of property owners, according to Legal Wise.

“In 2016, women-only buyers surpassed men-only buyers and the gap between the two categories has increased steadily since then as the men-only proportion has remained relatively unchanged.”
Hayley Ivins-Downes

Since 2022, women-only buyers moved ahead of mixed-gender couples and now dominate property ownership in the country.

In what price range are women buying property?

Surprisingly, although more women are buying property, they are buying property at lower values than men and mixed-gender couples. According to Ivins-Downes, the gap between prices paid by women-only buyers and mixed-gender couples has widened since 2020.

Most female ownership is in properties in the under-R750 000 price range.

Heads of household across the country

Statistics South Africa published its annual General Household Survey (GHS) for 2023 earlier this year which provides comprehensive data on the living conditions of households across the country.

According to this survey women were the heads of 42,3% of households in South Africa. The majority of female-headed households last year were in rural areas, particularly in the Eastern Cape and Limpopo. Interestingly, female-headed households were the least common in Gauteng of the provinces across the country.

Are you surprised by this data?

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Three-bedroom apartments for R130 000!

The highest rentals in SA are currently in Cape Town’s Atlantic Seaboard, where rentals for upmarket three-bedroom apartments can reach up to R130 000 per month. Sea Point, Green Point, and Three Anchor Bay also stand out as areas with high rental prices, with average monthly rents around R55 000, as reported by capetownetc.

The areas with three-bedroom apartments reaching rentals of up to R130 000 include Camps Bay, Clifton, and Bantry Bay.

The average monthly rent for three-bedroom apartments in Muizenberg, Kalk Bay, and Fish Hoek in the southern suburbs of Cape Town is R25 000, while it is R20 000 in the Tyger Valley area in the northern suburbs.

Fewer rental properties available nationally

The Rhode report shows that the national average flat vacancy rate is 6.7% for Q2 2024, a decrease from 7.9% in Q1 2024 and below the 2023 average of 7.2%.

Because of lower vacancies in Johannesburg and Pretoria, Gauteng’s vacancy rate decreased from 9.3% to 7.1%. Gauteng’s flat rentals increased by 2% year-on-year in the first quarter.

The Western Cape reported a significantly lower vacancy rate of 2.7%. Markedly, this province has the lowest tenant arrears rate and the lowest unemployment rate in South Africa.

Pretoria apartments follow in Cape Town’s footsteps

Pretoria is the second top city with the highest rentals in South Africa. The average monthly rent for an upmarket three-bedroom flat in the Pretoria areas of Groenkloof, Brooklyn, Waterkloof, Hatfield, and Erasmusrand is R20 000. In Pretoria East it is R18 500.

Are these trends indicating buying is better than renting?

The question of whether one should rent or buy a home has been a long-standing debate. 

Renting apartments or houses offers flexibility and is less of a financial strain compared to buying. It is typically easier to move when renting because there is no property sale involved, eliminating the need to consider market value. Additionally, maintenance is usually the owner’s responsibility, not the tenant’s.

Homeownership on the other hand has the benefit of the accumulation of equity and stability. Additionally, owners have the freedom to personalise living spaces, fostering long-term plans devoid of lease expirations or rent escalations.

What do you think of these rental prices?

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Yesterday’s norms vs. today’s norms

Many years ago, the general norm was to rent until you could afford to buy, and many people believed that owning property was an indication of achievement, success, and independence. However, times have changed, particularly in terms of the economy and the financial landscape.

Today, many people choose to rent long-term or even for life, not always because of financial reasons. In today’s economic climate of fluctuating interest rates and general uncertainties, many find themselves wondering whether renting or buying a home is the best option.

Advantages of homeownership

One of the main benefits of homeownership is the accumulation of equity. Through mortgage payments, individuals gradually build equity in their property, creating a valuable asset over time, according to capetownetc.

Another benefit is that the sense of ownership leads to stability and the freedom to personalise living spaces, fostering long-term plans devoid of lease expirations or rent escalations.

On the topic of renting vs. buying property expert Richard Huxham-Hardie said that renting essentially means paying off someone else’s bond.

“Property has proven consistently that it is the best long-term investment to make. The sooner you can get on the ladder, do it. Also, you don’t have to live in what you buy.”
Richard Huxham-Hardie

The downside of purchasing a house

In addition to the benefits of homeownership, there are downsides to consider. Probably the most significant is the financial aspect.

Along with the property price, there are other costs such as upfront deposits, closing fees, and potential inspection expenditures. Ongoing maintenance expenses further influence the financial side of homeownership.

Owning property involves an element of unpredictability. Factors like unplanned costs  and property value fluctuations are part of this.

Why rent?

Renting offers flexibility and is less of a financial strain compared to buying. It is typically easier to move when renting because there is no property sale involved, eliminating the need to consider market value. Additionally, maintenance is usually the owner’s responsibility, not the tenant’s.

Investopedia highlights accurate budgeting and lower insurance costs as other advantages of renting. The amount a tenant pays for rent is fixed for the span of the lease agreement. This allows better financial planning. Tenants may insure the household content but there is no need to insure the property as that is the owner’s responsibility.

What, in your opinion, is better – renting or buying?

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Receiving the news that the repo rate remains unchanged at a 15-year high of 8.25%, with the prime lending rate at 11.75%, was akin to hearing the sound of the Carte Blanche jingle on a Sunday evening after a carefree long weekend.

Many South Africans have been basking in the glow of the Rainbow Nation reuniting under the GNU.

The country seems to have been reset to winter factory settings, with the Bokke playing to packed-out stadiums, KZN basking in the sunshine, the Cape donning its raincoat, and Gauteng offering blue skies with a guarantee of frost.

We Saffas have a reason to feel a little smug at the moment – at least until we receive the dreaded news of our interest rates remaining high.

Just like when we hear the Carte Blanche song, we realise that we have looming responsibilities.

Indication interest rate will be cut

However, if one can look past the current feeling of angst, you realise that, just like the time of year, we are literally at the top of the curve, and everything is downhill from here.

Two of the six SARB committee members voted for the repo rate to be cut by 25 basis points, which is a strong indication that the rate will be coming down.

This opinion is shared by South Africa’s retail banks, with the majority predicting a 25 basis point cut in September, to be mirrored in November with another 25 basis point drop.

As the country heads into a South African summer holiday, we can all look forward to a further 50 basis point drop in the first half of 2025.

Marek Raczko, a strategist at Barclays, was recently quoted in a Business Tech article: “We expect SARB to deliver 50 basis points worth of cuts this year, followed by another 50 basis points next year, amid falling inflation and better risk sentiment toward ZAR and South African assets,” said Raczko.

The Reserve Bank’s prudent approach to monetary policy has brought down our headline consumer inflation, which is on its way to moving below SARB’s target mid-point of 4.5%.

This means the increase in the pricing of the goods and services we consume is slowing.

In addition to this, Cyril Ramaphosa announced at the formal opening of Parliament on Thursday, 18 July, the government’s commitment to curbing the cost of living, most notably the cost of petrol, reinforcing the Reserve Bank’s good work.

Positive economic outlook

All of this, combined with the lights remaining on and international investment returning to the country, points to a positive economic outlook for the next 18 months and a return to increased demand in the residential property market across the country, which will lead to an increase in property prices across the board.

Any property investor should be looking at the current situation and only seeing opportunity.

The three years of increasing interest rates, albeit from a record COVID-induced low base, and the 15-month record high interest rate plateau have caused price stagnation.

South African residential property as a whole is offering incredible value, and with the aforementioned cost of debt decreasing at a descending rate against a positive economic outlook, buyers can make a confident financial decision.

Any prospective Cape Town buyers assuming prices can’t increase any further are unfortunately mistaken. Although emigration may slow due to better-expected governance in other parts of the country, the good news emanating from the Republic is only going to increase the size of both the international market and the South African diaspora returning home, with Cape Town being the favoured destination.

Contact HUNT Properties today to explore your investment opportunities in the South African real estate market.

CLIFTON PLOT IN THE MARKET FOR R175 MILLION

While multi-million rand properties are popping up everywhere, this one is quite unique. It’s not a beautifully designed home but a plot of vacant land in Clifton. Oh, and you’ll need R175 million if you want to own it.

Here’s what we know.

According to BusinessTech, the 1 124-square-meter plot in Clifton is the most expensive piece of land per square meter currently on the market. The selling price equates to R155 694 per square meter.

The stand, located in the prestigious and well-known Nettleton Road, is being sold by global real estate specialists Engel & Völkers and is described as being on “one of the continent’s most desired and most valuable residential locations.”

As per the real estate agency, the stand offers jaw-dropping views of Table Mountain, the Twelve Apostles mountain range, and the famous Clifton beaches. “As far as the eyes can reach, you will encounter ever-changing, mind-blowing views, be it sunrise or sunset,” Engel & Völkers said.

The potential buyer will also have the option to obtain the approved building plans designed by well-known Jenny Mills Architects. Potential buyers will be able to build a multi-story exclusive Villa. Building costs are estimated at between R65 and R75 million.

Aerial views of the plot shared by Engel & Völkers show it nestled between other lavish homes complete with swimming pools, balconies, and beautiful ocean views.

WHY IS CLIFTON SO POPULAR AMONG PROPERTY INVESTORS?

According to BusinessTech, the exclusive suburb of Clifton boasts some of the most expensive real estate in South Africa.

Seeff Property Group’s analysis of the average selling prices across the country in 2023 revealed that Clifton is one of the most expensive suburbs in South Africa. According to the report, properties in the area typically sell for between R25 and R150 million.

Discovery Travel Channel rated the suburb as one of the top 10 beaches in the world, the Inside Guide reports. Clifton’s four beaches are favourites among locals and tourists, especially for surfing and bodyboarding.

A LOOK INSIDE THE R58 MILLION SANDTON MANSION

The four-bedroom penthouse, situated in the Sandton skyline, exudes luxury. But with a price tag of R58 million, it’s a very exclusive address.

According to BusinessTech, the Sandhurst Towers penthouse in Fredman Drive, Sandton, is spread over three levels and features state-of-the-art technology and bespoke finishes. And don’t get us started on the gorgeous views from the rooftop terrace.

“The mansion in the sky is the ultimate luxurious four-bed en-suite penthouse with sweeping views of Sandton, Lynn Estates, the selling realtor describes it.

As per Lynn Estates, the three bedrooms on the first floor boast breathtakingly beautiful views of the Sandton skyline and full en-suite bathrooms.

Apart from neverending city views, the primary suite has a walk-in closet and a private lounge area that opens onto an outside patio. The “spa-like” bathroom opens into the bedroom and allows residents to enjoy the gorgeous views while relaxing in a hot bath after a busy day.

IT GOES ON AND ON…

If the “mansion’s” first floor isn’t impressive enough, the second floor boasts a double-volume ceiling complete with a chandelier that will take your breath away. It offers residents an open-plan kitchen with a separate scullery and cold room and open-plan living and dining areas that will satisfy even the fussiest entertainer.

The second floor also features a built-in bar, home theatre, cigar lounge/study area, and guest en-suite bedroom.

Love everything so far? Then you’ll go crazy for the third level. It features private rooftop garden terraces, a lap pool with deck and pool loungers, pergolas with retractable canopies, and indoor and outdoor sitting areas with a built-in bar.

Apart from world-class luxury, other amenities include:

• Air conditioning.
• Four basement parking bays.
• High-speed fibre.
• 24-hour security with a guard house and controlled area.

But that’s not all. The three-level penthouse boasts state-of-the-art technology throughout the property. This includes a glass elevator servicing all three floors and countless magnificent bespoke finishes. Check out the photos to see more.

Gauteng leads in suburban hotspots

Most of the suburbs that SA’s young, middle-class prefer are in Gauteng. This is due to affordability and more economic opportunity. Gauteng has a high per capita income and disposable income compared to other provinces in the country. It is also home to the major mining houses, banks, law firms, and accounting companies. It is South Africa’s foremost economic hub.

Most property purchases by young, middle-class South Africans were made in Gauteng. According to the Seeff Property Group, many areas in Gauteng are more affordable than areas in other provinces of the country. This includes Johannesburg and is applicable to both buying and renting.

“Greater Johannesburg continues to experience the highest influx of people migrating to urban centres in search of economic opportunities, and they continue to find good value.”

Seeff Property Group

Affordability is a key appeal of the Johannesburg property market. Nearly 77% of this year’s transactions have been below the R1.5 million price mark, with almost half (47%) of these transactions below R700 000.

Significant decrease in young homebuyers

According to Lightstone Property’s data, there was a 25% decline in SA’s young, middle-class (individuals aged between 26 and 35) property purchases over the last six years.

According to Business Tech, the main reasons why fewer of SA’s young, middle-class is buying property, include increased cost of living and high interest rates. These factors make it difficult for many young professionals to afford buying property. Interestingly, the ones buying property, are paying more.   

In 2023, 36% of them paid between R1 million and R3 million, compared to only 29% in 2018. Additionally, the proportion of homes priced between R250 000 and R500 000 dropped from 34% in 2018 to 25% in 2023.

Top 10 suburbs in terms of sales

The majority of sales in 2023 and 2024 occurred in Impumelelo, Sky City, and Belhar.

Impumelelo is a housing development project in Devon in the Sedibeng Municipality of Gauteng. Sky City, also a housing development project, is in Ekurhuleni, and Belhar is in Cape Town. Belhar is a small town and forms part of the Tygerberg area.

Based on the number of transactions, these are the top 10 suburbs for young professionals buying property:

South Africa’s tourism industry is witnessing a significant resurgence, showcasing impressive growth and recovery rates that signal prime opportunities for holiday property investments. The latest statistics and insights indicate that the country is on a promising trajectory, attracting a diverse array of tourists from around the world.

Current Trends in South African Tourism

The tourism sector in South Africa has demonstrated remarkable resilience and is rapidly approaching full recovery since the COVID-19 pandemic. In 2023, the country welcomed 8.5 million international tourists, marking a substantial 48.9% increase compared to the previous year​. This growth is driven by strategic improvements in airline connectivity, visa facilitations, and targeted marketing campaigns.

Significant growth has been noted in various international markets. For example, tourist arrivals from Germany, the Netherlands, and Russia saw increases of 41.6%, 45.5%, and 74.7%, respectively, in 2023. Additionally, the Asian market has also shown robust gains, with a 69.1% increase in tourists from the region, led by countries like India and China​​.

The Middle East has also contributed to this upward trend, with Saudi Arabia and the United Arab Emirates significantly increasing their tourist numbers to South Africa. This diversified influx of tourists is further facilitated by South Africa’s strategic marketing and the easing of visa regulations, which have been pivotal in boosting tourist numbers​.

Why Invest in Holiday Properties Now?

Given the revitalised interest in travel to South Africa, investing in holiday properties could offer substantial returns. Locations in tourist hotspots such as the Western Cape, the Garden Route, and KwaZulu-Natal are particularly attractive due to their scenic beauty and local attractions. Properties with unique features like beachfront views or proximity to wildlife reserves are especially lucrative, attracting higher rental demand and yielding better returns.

1. Desirable Locations: Properties in sought-after locations such as the Western Cape, the Garden Route, and parts of KwaZulu-Natal are particularly attractive. 
2. Unique Property Features: Investments in properties that offer unique features—like waterfront views, proximity to nature reserves, or exclusive amenities—can command higher rental rates and attract a steady stream of visitors.
3. Accessibility and Convenience: Properties that are easily accessible by major transport routes and close to essential amenities and attractions are more appealing to tourists. This accessibility enhances the property’s potential for higher occupancy rates.
4. Versatility of Use: Properties that are suitable for both holiday letting and long-term leases provide a versatile investment option. This flexibility allows property owners to maximise occupancy and adapt to changing market conditions.
5. Market Readiness: The current market conditions, characterised by a growing demand for vacation rentals, offer a prime opportunity for investors to enter the holiday property market or expand their existing portfolios.

Strategic Investment Considerations

To capitalize on the potential of holiday property investments, it is important to approach the market with a well-informed strategy:

• Market Research: A comprehensive analysis of local tourism trends and property market conditions is essential. This research should include factors like seasonal visitor patterns, average rental yields, and long-term property value trends.
• Professional Advice: Collaborating with experienced real estate agents, property managers, and tourism experts can provide valuable insights and guidance. These professionals can help identify the best investment opportunities and navigate the complexities of the property market. 
• Financial Planning: Understanding the financial aspects, including potential returns, expenses, and tax implications, is crucial. Investors should also consider the impact of interest rates and economic factors on their investments.

South Africa’s tourism sector is set for sustained growth, making it an opportune time for investments in holiday homes. With strategic planning and an understanding of market trends, investors can leverage these opportunities to achieve significant financial benefits. The current resurgence in tourism, supported by strategic government actions and international interest, underscores the potential for profitable investment in South Africa’s vibrant property market.

Travel stats: Travel SA Helper

Selling a home is no small feat, and many homeowners are tempted to try the ‘For Sale by Owner’ approach in an effort to save on agent commissions. However, the complexities and nuances of real estate transactions often prove that going it alone might not be the wisest decision. Here’s why enlisting the services of a professional real estate agent is crucial when selling your home in South Africa.

Guiding Perceptions

One of the key roles of a real estate agent is managing and guiding potential buyers’ perceptions. Homeowners are emotionally attached to their properties, which can cloud their judgment when it comes to handling criticisms or negative feedback. As Ryan Hunt notes, “Every seller who has tried to sell their property privately has said the same thing – ‘I don’t know why no one has bought it; people who come here always say they love it.'” The reality is, that buyers are unlikely to voice their true opinions directly to homeowners. A professional agent acts as a buffer, expertly navigating the negative perceptions and highlighting the positives in a way that appeals to buyers.

Expertise in Valuation

Determining the right price for a home requires expertise and deep knowledge of the local market. Real estate agents have access to the latest market data and comparative analysis tools that allow them to price a home accurately. Overpricing can lead to a stale listing, while under-pricing can result in significant financial loss. Agents ensure that your home is competitively and realistically priced to attract the right buyers.

Marketing Mastery

Selling a home quickly and at a good price isn’t just about listing it for sale; it’s about marketing it effectively. Real estate agents have the tools and skills to create compelling listing materials, stage the home to look its best and leverage a variety of marketing channels. From professional photography and virtual tours to online listings and agent networks, they know how to make your property stand out in the crowded South African real estate market.

Negotiation Skills

Negotiating a property sale involves a delicate balance of diplomacy and strategy. Agents are trained to handle negotiations impartially and professionally, ensuring that the final deal is favourable to their clients. They can deftly manage offers and counteroffers, terms of sale, and other complex aspects of the negotiation process that might overwhelm the average homeowner.

Handling Paperwork and Legalities

The amount of paperwork involved in selling a home can be daunting. Real estate transactions in South Africa require compliance with various legal standards, including the need for a valid Electrical Compliance Certificate, rates clearance, and potentially complex tax implications. Real estate agents are familiar with all legal requirements and can ensure that every document is correctly handled, reducing the risk of post-sale legal issues.

Time and Stress Management

Selling a home is time-consuming and often stressful. From managing showings and open houses to answering endless queries, the process can become overwhelming. Real estate agents take on these time-consuming tasks, allowing you to focus on your move and your next home. Their expertise not only aims to achieve a better sale price but also ensures a smoother and quicker transaction.

Selling a home in isolation is difficult

You can only really ascertain the value of something when compared against something else, and this is especially true for property. A good agent will be able to show your home within a portfolio of properties that have different positives and negatives, this will assist the agent in reinforcing the home to the right buyer. 

Access to a database

The right buyer may never enquire directly on your priority for a variety of reasons, a good agent will be able to bring buyers from their database that they know may fit your property. By introducing more buyers, you up the chances of selling the home significantly. 

While the temptation to save money by selling your home without an agent is understandable, the benefits of partnering with a professional far outweigh the potential commission savings. Real estate agents bring invaluable expertise and resources to the table, guiding sellers through every step of the process and ensuring the best possible outcome. In the challenging South African property market, having a knowledgeable and experienced agent by your side is more than just helpful—it’s essential.

Reach out to the HUNT Properties team to learn more about what makes them different and how they operate. 

Investing in real estate is a popular avenue for generating passive income, but choosing between short-term and long-term rentals can be a complex decision for property investors. Each option comes with its own set of benefits and drawbacks that can significantly impact profitability, management styles, and investor lifestyles.

Pros of Short-Term Rentals

1. Flexibility of Use: Owners can use their property whenever it is not rented out, making it ideal for those who also want to enjoy their investment personally.
2. VAT Benefits: If owned by a VAT-registered entity, owners can claim VAT back on renovations and furnishings, optimising tax advantages.
3. High Returns: Depending on location—areas with high tourist traffic often see excellent returns on investments due to higher daily rates compared to monthly rentals.
4. Positive Customer Interaction: Renting to tourists often results in a positive exchange as renters are usually on holiday.
5. Upfront Payments: Payments are generally received upfront, which aids in cash flow management.
6. Higher Rates: Charging daily rates can yield higher overall income compared to long-term monthly rates.

Cons of Short-Term Rentals

1. Risk of Breakages: Short-term rentals often experience more wear and tear due to the higher turnover of occupants.
2. Increased Insurance Premiums: Higher risk of damages typically leads to higher insurance costs. 
3. Neighbour Relationships: Frequent, different guests can lead to disturbances and potentially unhappy neighbours, especially when the property is in a secure estate or block. 
4. Ongoing Management: Requires constant management or potentially high fees if outsourcing to management companies. 
5. Market Volatility: Susceptible to fluctuations from external factors such as economic downturns, pandemics, or natural disasters.
6. Seasonal Variations: Income can be highly seasonal, with peak periods followed by potentially very quiet periods.
7. Unpredictable Income: Fluctuations in tourism and event cycles can make income somewhat unpredictable when compared to a steady rental. 

Pros of Long-Term Rentals

1. Steady Income: Provides a fixed, regular income over the duration of the lease agreement.
2. Lower Risk: Generally involves less risk of vacancies and fluctuating market conditions.
3. Guaranteed Payments: Income is more predictable and guaranteed during the lease period.
4. Reduced Utility and Maintenance Costs: Tenants often pay for utilities, and less frequent turnovers mean lower maintenance costs.
5. Lower Insurance Premiums: Less frequent tenant changes result in lower insurance premiums.
6. Security Deposits: Help mitigate risks of damage or non-payment.

Cons of Long-Term Rentals

1. Lower Income Potential: Typically yields lower returns compared to high-demand short-term rental markets.
2. Perceived Negative Transactions: Payments from long-term tenants are often seen as “grudge payments,” where tenants may feel they are not building equity or ownership.
3. Legal Protections for Tenants: The Rental Housing Act and other regulations often favour tenants, possibly complicating evictions and cancellations.
4. Less Flexibility for Personal Use: The property is usually unavailable for owner use, as it is occupied by long-term tenants.

David Brauteseth from Holland Insurance gave us some valuable insight into the insurance implications when renting out your home – “The saying ‘one shoe fits all’ is certainly not ‘fitting’ when it comes to short-term insurance. 

When buying a home, take a moment to consider the insurance implications. The location, construction type and occupation all play a role in the cover required and the cost of insurance. 

Thatch homes can cost up to three times that of a tiled roof. Short-term letting often attracts additional premiums when purchasing the required covers necessary to protect you against the unique risks posed by paying guests.”

Additional Insights

According to recent studies and market analyses, the vacation rental market is expected to grow significantly, driven by trends in travel where tourists prefer the space and amenities offered by private accommodations over traditional hotels. On the other hand, urban long-term rentals are witnessing a shift, with more renters demanding flexible lease terms and upgraded living spaces, reflecting changing tenant expectations.

Moreover, technological advancements have streamlined the management of short-term rentals, with platforms like Airbnb providing extensive resources to help hosts manage bookings, payments, and customer interactions. However, in major cities worldwide, regulatory changes are impacting short-term rental operations, with stricter rules being imposed to address the concerns of residents and local governments.

In conclusion, both rental strategies offer distinct advantages and challenges. Property investors should consider their personal goals, market conditions, and tolerance for risk when deciding which strategy aligns best with their investment objectives.

A LOOK INSIDE THE R100 MILLION KLASERIE GAME FARM FOR SALE

The rest of the country might be holding onto their money while SA’s political future is yet to be determined; the rich continue to invest in property. And they are not afraid to dish out millions to add to their property portfolio.

This game farm, situated within the Klaserie Private Nature Reserve and part of the Greater Kruger National Park, is currently on the market for R100 million. Boasting several large dams bursting with wildlife, the geographical landscape features bountiful vegetation, rocky outcrops, free-roaming Big Five, and plains game.

As per Pam Golding, the realtor selling the property, the farm is equipped with a five-bedroom house, a five-suite private camp with two entertainment areas, an office, a kitchen and dining area, a full-sized lap pool, and a landscaped garden.

The main bedroom of the five-bedroom main house has an en-suite bathroom, a patio with sliding doors, and a walk-in dressing room.

All four other bedrooms also have en-suite bathrooms, while the open-plan dining room and entertainment room boast double-volume ceilings and sliding doors. The kitchen has granite tops, while the outside amenities include a braai, patio, thatch lapa, undercover patio, and verandah. There is also manual irrigation with a borehole and manned security 24 hours a day, including an electric fence, cellular coverage, and electricity.

OTHER AMENITIES

Apart from the five-suite private camp, the property also has a three-bedroom staff quarters, a manager’s accommodation, an office, two workshops, a storage space, a tools room, and a garage.

According to the realtor, developing a commercial camp is also possible. “With the intention of developing a commercial camp, the farm has permissions and architectural designs for the development of a 7-star lodge, saving the prospective purchaser years of process,” states Pam Golding.

So, if you are dreaming of owning your own lodge, this is your chance.

The Klaserie Private Nature Reserve is a member of the Associated Private Nature Reserves that form part of the Greater Kruger National Park.

A LOOK INSIDE THE R75 MILLION UMHLANGA PENTHOUSE

This R75 million penthouse in Umhlanga, Kwa-Zulu Natal, is a sight to behold. It’s currently on the market for R75 million. But wait, there’s more. The penthouse is situated right next to an R1.3 billion mall, making it prime real estate.

According to BusinessTech, the property is located at The Oceans, next to the recently opened Oceans Mall. The shopping center boasts various luxury retailers, including Gucci and Versace.

As per Fine and Country, which is selling the penthouse, the three-bedroom apartment is the perfect investment property for local or international buyers. The 400sqm luxury penthouse offers the ultimate in open-plan living, including a 244sqm entertainment deck, 25sqm pool, and the most beautiful 360-degree ocean views.

LUXURY LIVING

Meticulously designed, the penthouse boasts European tiling, curated artwork, handcrafted furniture, and luxurious wall-to-wall carpets throughout the three-bedroom, five-bath apartment.

Chas Everitt, who is also selling the property, describes it as the ultimate luxury living. “Step into sheer modern brilliance as the elevator whisks you to the ultra-chic living space. Italian and European tiles adorn the floors and walls. Indulge in luxury living with stone and marble countertops, bathware sourced from South Africa and Germany’s finest ranges, and custom-designed furniture. Each of the three generously sized bedrooms boasts its own ensuite, while the open-plan living design enhances the sense of space and elegance,” the realtor states.

The kitchen boasts high-end appliances, including a walking-in pantry and a cold room.

“The penthouse redefines coastal living, drawing inspiration from the base design of a luxury yacht sailing on high seas, surrounded by the turquoise waters and brown sands of a tropical island. This residence is a testament to comfort and luxury, providing a dream entertainment area for your family or all your friends, enhanced by the stunning panoramic views,” Pam Golding, who is also selling the property, states.

As per the realtor, the property’s open-plan lounge, bar, dining, and kitchen area seamlessly connect to the main entrance.

Other amenities include a small storeroom and electrical/ITC room, a dedicated penthouse lift, a common stairwell to the roof level, modern standalone access control, and security systems, including Wi-Fi and data connections. The penthouse has its own private elevator.

Pam Golding states that the apartment has three dedicated parking bays within the Oceans Apartments parking precinct and is safeguarded by 24-hour manned security in the parking and entrance areas.

TOP FIVE SUBURBS RICH SOUTH AFRICANS WANT TO OWN PROPERTY IN

While the prospect of acquiring a new property might not be a reality for many, the rich in South Africa are still busy expanding their property portfolios. But, not any property or suburb will do.

As per Lightstone’s latest property newsletter, there are five particular suburbs South African affluent buyers favour when it comes to acquiring new property—specifically property priced over R1 million. This is according to sales numbers and the total purchase price for 2023, BusinessTech reports.

According to the latest data released by Lightstone, the top-ranking top-selling suburbs have changed quite a lot over the past two years. Here’s a look at the top five most favourited suburbs.

The Johannesburg suburb Bryanston came in first, being crowned the most popular suburb in terms of both volume and total purchase price for both years. A total number of 802 properties have sold for a total purchase price of about R2.69 billion.

Sea Point in the Western Cape ranks second, moving up one spot from 2022. A total volume of 679 houses was sold for a total purchase price of R2.59 billion.

The exclusive Gauteng suburb of Midstream Estate came in third, falling one position from 2022. The suburb saw 567 properties sold for a total purchase price of R2.10 billion.

The Sibaya Coastal Precinct in KwaZulu Natal fell into fourth place, with 419 properties sold for a total purchase price of R7. 72 billion. The Western Cape suburb Sunningdale came in fifth place, with 537 properties sold for R1.49 billion.

CHOOSING THE BEST SUBURB FOR YOU

Other Western Cape properties, such as Val de Vie and Fresnaye, which ranked fourth and fifth on the list in 2022, dropped out of the top five in 2023.

According to the property experts at Tyson Properties, finding the perfect suburb when buying a home is more important than most people think. 

“Before setting your heart on a particular street or neighbourhood, research. Find out the average prices and the potential re-saleability of a property.”

“If you spot many ”For Sale’Sale’ signs, find out why so many people are leaving. Convenience is also key, so check where you can do your shopping, how close a suburb is to your place of work, and key facilities like doctors, schools, and restaurants. Find out about security in the area. Chat with those already living there who will fill you in on the pros and cons when it comes to everything from noise to traffic congestion,” the real estate agency advises potential home buyers. 

Unprecedented Solutions for a Global Challenge

Camhirst Robots, which is part of the Camhirst Ecosystem, set up Camhirst 3DCP Limited in the U.K. in April 2022, with its groundbreaking 3D Construction Printing Robots to be the ultimate solution to the Global Housing and homelessness crisis. Setting itself apart from competitors, this robot offers unmatched efficiency, precision, and cost-effectiveness. By leveraging advanced 3D printing technology, it constructs structures layer by layer, drastically reducing construction time and costs. Moreover, by extruding specialized construction materials based on precise architectural designs, these robots can swiftly produce sturdy and durable walls, outperforming traditional methods. Unlike other companies, Camhirst’s robot can be set up in 3-6 hours and operates on a track system for enhanced reach and efficiency. With their ability to operate around the clock and their high level of automation, these robots significantly accelerate construction timelines while minimizing labour and material expenses. This innovation represents years of research and development, highlighting Camhirst’s dedication to excellence in construction robotics.

Camhirst’s innovative robots have a wide range of applications in various industries, including:

• Post-Disaster Reconstruction: Camhirst can set up emergency shelters for the affected in the disaster-affected areas.
• Low-Cost Housing Construction: Camhirst’s robots construct affordable housing quickly, addressing housing shortages in developing and developed countries and impoverished regions.
• Customized Architecture: Camhirst’s robots can offer tailored construction solutions by printing various shapes and structures to each designer’s specifications.
• Art and Creative Architecture: Camhirst’s robots enable architects and artists to create innovative architectural forms and artworks to enhance urban landscapes with unique visual effects.

At the core of Camhirst’s mission is a commitment to confronting the housing and homelessness crisis head-on. Governments, construction companies, and communities stand to benefit immensely from the company’s innovative solutions. By harnessing the power of 3D printing technology, Camhirst enables faster, more cost-effective construction of homes, schools, clinics, and various other properties. The impact is profound, offering a glimmer of hope amidst daunting challenges.

Technological Superiority: Setting New Benchmarks

Camhirst is a leading technology company dedicated to driving innovation and sustainable development in the construction industry. They have invested five years and millions of dollars into researching and developing new robotic technologies. Through its research and development efforts, Camhirst not only demonstrates its dedication to technological innovation but also its commitment to creating more efficient and environmentally friendly building solutions.



Camhirst Robots bring numerous technological advantages to the construction industry. Although initial investment costs for 3D printing technology can be high, the overall construction costs can be lower due to reduced labour requirements and less material waste. Additionally, the speed of construction can save on labour costs and reduce the overall project timeline, resulting in potential savings. Their clients will be construction companies, governments, housing associations, and charities, who are able to build affordable homes, social housing, and luxury homes considerably faster and in Europe or similar continents save as much as 35%.

These technologies are not only faster, more economical, and safer but also more environmentally friendly. For example, structures built using geopolymer cement and basalt are much stronger and have longer lifespans compared to those constructed with traditional materials like steel and Portland cement. Moreover, if Campolymer is used, then the Campolymer production process can reduce carbon dioxide emissions by 80-95% and minimize waste production.

Additionally, Camhirst’s automated 3D printing robots simplify the construction process, allowing them to build structures 20-30 times faster than traditional methods. Furthermore, their computer-controlled 3D printers can achieve unparalleled precision, providing clients with a wide range of design options and allowing for customized solutions tailored to their needs, thus overcoming the limitations of traditional methods.

As a testament to this commitment, Camhirst’s collaboration with an organisation in Nigeria resulted in the signing of an MOU for one million social houses to be built in Nigeria using the Camhirst Robots.  stand. The Memorandum of Understanding (MOU) Protocol agreement was signed by the Camhirst CEO Adam Ahmed with the Regional Sustainable Energy Centre of Excellence for Sub-Saharan Africa (RSECESSA) in October 2023 at the Nigerian Building and Road Research Institute (NBRRI). Camhirst pledges to support the development of affordable housing across multiple states in Nigeria using its advanced technology and eco-friendly materials (Seun, 2023). This collaboration not only showcases Camhirst’s successful practices in the technological field but also receives recognition and support from the Nigerian government, further solidifying the company’s position in the global construction market.

Empowering Communities and Shaping a Sustainable Future

In a world full of challenges, Camhirst Robots emerges as a beacon of hope, showcasing a future where housing is accessible, affordable, and sustainable. Their journey goes beyond just printing walls; it’s about building communities, empowering individuals, and creating a better world for future generations. This is not merely an architectural revolution; it is a contribution to the sustainable development of human habitation. Through relentless effort and innovation, they continually challenge the limitations of traditional building methods, exploring and realizing a new paradigm in architecture that offers unprecedented possibilities for human habitation.

The mission of Camhirst Robots and the Camhirst Ecosystem extends beyond pushing the boundaries of technology; it’s about advancing societal progress. They are dedicated to creating a more inclusive and sustainable community, offering new hope to those who are currently homeless or living in inadequate conditions. Behind all of this lies their belief in the future and their sense of responsibility for the well-being of all humanity.

Camhirst’s efforts are not isolated; they actively seek investors, strategic partnerships and collaborations with governments, NGOs, construction companies, and local communities to collectively achieve broader social impact. For instance, they have received a confirmed order to supply 50 Robots to build 10,000 houses in the Republic of Burkina Faso, and a Joint Venture (JV) from a company in Ghana to build 600,000 houses in the Republic of Ghana, the first 100,000 houses using the Camhirst Robot, will generate profit in excess of $1 billion for the JV team. This project aims to address the pressing need for quality housing and improve living conditions for the local population. Similarly, their commitment to providing affordable housing continues by creating JV’s with various companies from various countries, and confirmed robot orders from various continents. 

This initiative will contribute significantly to alleviating the housing crisis and improving accessibility to quality homes.

Additionally, they are proud to share that they have plans to build 3.2 million school rooms in West Africa, and many other countries, ensuring that education infrastructure is accessible and adequate for students worldwide. These confirmed orders and projects in the pipeline highlight their commitment to revolutionizing the construction industry and addressing global challenges through the application of 3D construction printing technology.

Through such collaborations, they not only accelerate the process of addressing the global housing crisis but also make significant contributions to advancing sustainable social development. Therefore, Camhirst Robots and Camhirst Ecosystem is not just a leading technology group; it’s a force driving human societal progress, and their efforts will leave a profound impact on our future.

Reference：

Adeuyi, Seun. “NBRRI, RSECESSA, UK Firm Sign MoA To Reduce Housing Deficit In Nigeria Through Robotics.” Daily Trust, Tue, 24 Oct 2023 4:10:28 WAT. https://dailytrust.com/nbrri-

McRae, Kirsten. “The Global Housing Crisis: A Crisis Unlike Any Other.” Gender and Inequalities, Housing and Construction, October 25th, 2022. Urbanet. https://www.urbanet.info/the-global-housing-crisis/

Coastal regions see increase in residents

Property prices are rising faster in coastal areas compared to other areas across South Africa, according to Business Tech. Semigration remains a key contributor to the property market in coastal areas. Lightstone recently noted that the highest influx of new residents last year was to coastal towns such as:

• Mossel Bay,
• George,
• Knysna,
• Plettenberg Bay,
• Gqeberha,
• Hermanus, and
• Langebaan.

The Garden Route

In 2023, Mossel Bay topped the list of SA towns that had the highest influx of residents. Despite high interest rates, semigrants, retirees, and holiday home buyers are still flocking to Mossel Bay. Its quaint coastal appeal and high quality of life are two factors that make this town a prime destination. The town is famous for its Blue Flag beaches where you can swim, surf, and soak in the sun.

As the main city in the Garden Route, George offers an airport and city benefits including schools, but excludes city disadvantages like traffic. Property sells quickly and estates are popular choices.

Plettenberg Bay has seen an increase in high-net-worth buyers flocking there over the last few years. The town has achieved some of the highest prices in the country outside of the Atlantic Seaboard. Many new residents are moving there for the quality lifestyle and climate. Plettenberg Bay is a popular tourist town and very busy over school holidays and long weekends.

Knysna property prices have seen tremendous growth over the last few years. The average freehold price rose by 75% last year, while the sectional title price is up by 30%. Knysna is attracting many upcountry buyers who are looking to relocate their families.

Eastern Cape

Gqeberha, formerly known as Port Elizabeth, is seeing more and more people buying property in the city who have lived there in the past and are returning to retire there. According to Construction World, being a city, Gqeberha has all of the amenities typical of an urban environment, yet it is far smaller and less densely populated than a city like Johannesburg. In addition, its coastal location makes it an attractive choice as residents benefit from the natural beauty, beaches, and warm seas.

Hermanus

The Hermanus real estate market is one of the fastest-growing in the country, with property values continuously increasing year on year. It is a peaceful town, removed from the hustle and bustle of city life, yet it is equipped with a host of amenities such as hospitals and schools. Hermanus is also conveniently located 121 km from the heart of Cape Town, 97 km from Stellenbosch, and 79 km from Somerset West.

Langebaan

Langebaan is about a 90-minute drive from Cape Town. Mostly a popular weekend and holiday town in the past, it has seen an increase in permanent residents over the last few years as people look to escape the increasingly busy city. Safe waters and reliable winds make Langebaan very popular among kite surfers and wind surfers.

A LOOK INSIDE THE R13 MILLION SANDOWN APARTMENT UP FOR SALE

Are you looking to increase your property portfolio? Why not invest in a luxury apartment at The Leonardo Hotel in Sandton? 

If you’ve always dreamt of living atop the world or in a skyscraper, this is your chance. 

That is, if you have a few million rands in your bank account, you do not know what to do with it.

The three-bedroom apartment in South Africa’s tallest building, the Leonardo Hotel in Sandton, is currently on the market. And it is selling for a reported R13.5 million, BusinessTech reports.

The prestigious Leonardo Hotel in Sandton, Johannesburg, is the tallest residential or commercial building in South Africa, measuring 234 meters high. According to the hotel’s website, it boasts, among others, 234 luxury apartments and eight penthouse suites.  

The website describes the three-bedroom luxury apartment as the ultimate in “elegant and refined living, featuring floor-to-ceiling windows with stunning city views. It’s Africa’s ultimate luxury living experience in the sky, a sought-after collection.” 

As per Legacy Living, the three-bedroom apartment has four bathrooms, a dining room, and four parking spots. The spacious living area offers a relaxing atmosphere. The balcony reportedly gives residents a view of the “greenest city in the world.” Residents will also have access to 24-hour security, air conditioning, a concierge, and wi-fi. 

Want to know more? Here’s a look at the gorgeous property up close.

THE ULTIMATE IN LUXURY LIVING

Are you interested in investing in this luxurious property?

According to BusinessTech, The Leonardo Hotel is one of the most luxurious and prestigious hotels in the area. And yes, it stands 20 meters higher than the previous tallest residential or commercial building in South Africa record holder, the Carlton Hotel.

But that’s not all. 

Apart from the many luxury apartments and suites available to buy or rent, The Leonardo Hotel offers residents access to many extra amenities. Some include access to restaurants, office spaces, conference spaces, spas, a pool, and a gym. 

Because, according to Rode & Associates – the top property evaluators in Mzansi – their latest report on buying property in South Africa is pretty damning. As reported by Daily Investor, Rode says South Africans are far better off renting versus buying due to the country’s high-interest rate environment and general economic volatility.

BUYING PROPERTY IN SOUTH AFRICA

Therefore, in the current economy, you’re better off renting and saving what you can by not splashing on high-bond instalments. Moreover, the latest data supports the growing trend of increased popularity for rentals. In the first quarter of 2024, flat rentals increased by 3.6%. Likewise, the fourth quarter of 2023 also saw rentals grow by 4.6%. Better still, rentals had been on a steady decline since 2015, so those numbers represent a marked shift.

Another reason why renting versus buying property in South Africa is a safe bet is, “Property owners/managers are keeping rental increases below inflation to prevent losing tenants,” said the Rode report. Plus, the rental market looks like a short-term win while South Africa’s interest rates remain elevated.

FIFTEEN-YEAR HIGH

Since November 2021 and the Covid-19 pandemic, the South African Reserve Bank started its current hiking cycle. Furthermore, this has seen prime lending rates hit a 15-year high (11.75% and a repo rate of 8.25%). It’s no wonder buying property in South Africa has many well-meaning homeowners cracking under the pressure.

So, don’t feel that societal pressure to put you and your spouse into a mountain of debt to buy a house, simply because “it’s what you should do”. Renting is cheaper, so save up and hopefully you can afford a bigger deposit on a home when they’re more affordable and interest rates are more competitive. Moreover, with just three weeks to go to the 29 May General Elections, who wants to tie up all their money into immovable bricks and mortar in South Africa anyway…

NEXT READ: HOW millions of SASSA social grant recipients are tripling their income

What do you think of the this report that buying property in South Africa is a worse decision than renting? Be sure to share your thoughts with our audience in the comments section below. And don’t forget to follow us @TheSANews on X and The South African on Facebook for the latest updates.

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A LOOK INSIDE THE R160 MILLION LION’S HEAD PROPERTY UP FOR SALE

Situated on the slopes of Lion’s Head and on a property of over 3,000 sqm, this gorgeous Fresnaye property is truly out of this world. 

From the carriage-style driveway and the manicured gardens surrounding the property to the main house, the property is pure luxurious sophistication and perfectly positioned on The Atlantic Seaboard’s largest residential plot. 

As per the real estate agencies listing the seven-bedroom property RE/MAX and Lance Real Estate, the main residence boasts two wings, one being the primary residence with three bedrooms. 

“The eclectic use of contemporary colonial chateaux living mixed with modern, sleek finishes lends itself to the opulence of this magnificent property,” Lance Real Estate states. 

The master suite boasts a skylight ceiling, a walk-in closet featuring beveled glass doors, a long space with a fireplace, and a private study, Business Tech reports.

The large bathroom features a bath with a view, a shower, a private toilet, and a his-and-hers sink. Joining the two wings is a double reception room, which opens onto a patio with a grand rim-flow swimming pool, complete with two sofas on either side of the pool. There is also ample lounging space on the pool terrace.

BUT THAT’S NOT ALL

Apart from its exquisite interiors and architectural design, the home has wood parquet flooring throughout, as per RE/MAX. 

The spacious open-plan kitchen boasts gorgeous marble floors and high gloss cabinetry, while the informal dining area has a fireplace leading to the outdoor atrium with built-in braai. 

Want to do more formal entertaining? The formal dining/banquet room has a fireplace and chandelier. The property is genuinely any entertainer’s dream. 

Are you already impressed? The main house further boats two additional ensuite bedrooms, both opening to a glass bridge and a beautiful outdoor dining space.

But that’s not all. 

On the lower level, the property also has a two-bedroom cottage with a private pool, lounge, and kitchenette. 

The property also has a separate laundry room, home theatre space, a fully equipped gym, staff accommodation, and a guardhouse.

In the ever-evolving property landscape of South Africa, homeowners and investors are constantly seeking ways to enhance the value of their properties. Renovations can transform a home, but not all upgrades are created equal. With expert insights from Ryan Hunt of HUNT Properties, we delve into how strategic home improvements can align with market demands to significantly boost property value in South Africa.

Understanding Your Market

The first step in a successful renovation project is to understand the potential future buyers of your home. South Africa’s diverse housing market demands that renovations cater to specific demographic preferences. Whether targeting families in suburban areas, young professionals in urban apartments, or retirees in quiet, accessible locations, aligning your upgrades with the desires of these groups is crucial. For example, in a suburb popular with young families, adding an extra bedroom or creating a child-friendly outdoor space can dramatically increase appeal and value.

Categorising Your Investments

Personal Indulgences: Renovations like a state-of-the-art home theatre, a custom wine cellar, or an expansive walk-in closet are often driven by personal desire. In the South African context, such luxury enhancements may resonate with a niche market segment. However, the return on these investments can be unpredictable, as they heavily depend on finding a buyer with similar tastes.

Rand-for-Rand Investments: Practical upgrades that universally appeal, such as modernising kitchens with high-end finishes or replacing outdated bathroom fixtures, are more likely to offer a direct return on investment. In the South African market, these enhancements can significantly elevate a property’s desirability and value, making it a smart choice for homeowners looking for a safe investment.

Multiplier Investments: These are strategic renovations that not only meet but exceed market expectations, providing a return that multiplies the initial investment. In South Africa, where outdoor living is cherished, creating seamless indoor-outdoor living spaces or installing eco-friendly solutions like solar panels can greatly increase a property’s market value. Similarly, in gated communities or upmarket suburbs, adding luxury amenities like a swimming pool or a designer garden can yield considerable returns.

Strategic Renovations for Market Alignment

Renovations should be tailored to fit the unique characteristics and demands of your property’s location. In densely populated urban areas, maximising space and modernising living areas can attract a premium. Conversely, in regions favoured by retirees, investments in accessibility features and low-maintenance landscaping can significantly enhance the property’s appeal and functionality.

Home renovations in South Africa are more than just aesthetic enhancements; they are strategic investments that can lead to substantial financial gains. By carefully considering the market, categorising investments, and aligning renovations with consumer preferences, homeowners can substantially increase the value of their properties. HUNT Properties stands ready to assist in navigating these decisions, ensuring that every renovation is an opportunity for value creation and investment success.

The recent announcement of Ernie Els’ partnership with Zimbali Lakes and IFA Hotels & Resorts to bring multiple brands to this illustrious development marks a significant milestone. The deal, which includes the establishment of an Ernie Els Signature Golf Course and The Big Easy Bar & Grill, is not merely about luxury and leisure. It represents a strategic move that leverages Els’ international stature and his commitment to sustainable development.

Ryan Hunt, Founder and Director of HUNT Properties and our contributing local expert, underscores the importance of Els’ involvement.

“Ernie Els is not just a national icon; his name brings credibility to an already exciting estate and area. This will undoubtedly spur further investment among South Africans and bolster the North Coast’s reputation as an island of hope amid the broader degeneration in KZN,”

Ryan Hunt, Founder and Director of HUNT Properties

The global allure of Ernie Els extends beyond the borders of South Africa. As a celebrated golfer, golf architect, businessman, and autism ambassador, his international presence is poised to attract significant overseas interest and investment into the region.

“His name and brand will not only encourage many ‘swallows’ (seasonal residents) to reconsider the North Coast as a viable investment proposition, but it will also rejuvenate the international tourism market in the area,”

Ryan Hunt, Founder and Director of HUNT Properties

Zimbali Lakes project

The Zimbali Lakes project is expected to catalyse further development in the hospitality sector, driving investments in amenities such as short-term rental properties and Airbnb opportunities. With the nearby airport, Club Med, consistently good weather, and proximity to world-class safari destinations, the North Coast is set to become a premier destination for both local and international tourists.

Furthermore, the Ernie Els Performance Golf Academy, integrated within the Zimbali Lakes Sports Centre, promises to be a cradle for future golf talent. With plans for high-end student accommodation and a focus on top-tier education and private schools in the vicinity, the academy is well-positioned to attract budding golfers from around the globe.

“The North Coast is already one of the most popular destinations for local tourists, and this partnership will only enhance its desirability.”

Ryan Hunt, Founder and Director of HUNT Properties

Ernie Els: A Global Icon Driving Investment in South Africa

The commitment to excellence, innovation, and community engagement shared by the Ernie Els Group and Zimbali Lakes is a testament to their vision for a vibrant, sustainable community.

This collaboration is more than just a business venture; it is a commitment to the economic and social rejuvenation of the North Coast. With Ernie Els laying down roots here, both literally and figuratively, Zimbali Lakes is set to become a beacon of hope and prosperity for the region.

The diminishing value of their wealth is mainly due to the sluggish residential property market.

Homeowners in South Africa have found themselves in a difficult situation – either due to emigration or other reasons – having to sell their properties at lower prices than expected.

For example, a property bought for R3 million about 10 years ago may now struggle to fetch the same price, and finding a buyer can take a long time, writes MoneyWeb.

Ideally, to keep up with inflation, that R3 million house should be worth around R4.9 million today. However, with the exception of Cape Town and its surrounds, most properties have not appreciated as expected.

This trend is not limited to high-income areas; it is affecting properties across different price brackets, including studio apartments and houses in affluent neighbourhoods.

Investment property owners are also facing challenges dealing with the gap between rental income and the monthly costs of maintaining the property.

House Price Growth Analysis

Analysts have been circulating charts showing the relatively poor performance of South Africa’s residential property market, especially when factoring in inflation.

Following the global financial crisis in 2007/ 2008, property prices stabilised for about a decade, barely keeping up with inflation.

However, in the last three years, a struggling property market has seen house-price growth fall below the inflation rate.

Impact on Middle-Class Wealth

For many middle-class South Africans, a significant portion of their wealth is tied up in their homes and retirement savings.

The general trend for these homeowners is when nearing retirement age, they can sell their paid-off homes, downsize, and use the difference to bolster their retirement funds.

However, with property values not meeting expectations, especially for those nearing retirement, homeowners have had to watch helplessy as their wealth plummets.

Investment Performance

Investors have also seen investment funds not meeting their growth targets. While some funds have managed to keep pace with inflation, they have not outperformed significantly.

International markets, especially in the US, have fared much better, providing higher returns compared to the Johannesburg Stock Exchange (JSE), which has underperformed.

Navigate the property market with ease, thanks to insights from HUNT Properties. Discover how to pinpoint the most promising real estate opportunities, making your investment both savvy and fruitful. 

Identifying Up-and-Coming Areas

• What to Do: Look for neighbourhoods where there’s a buzz of construction or renovations.
• Why: These activities indicate an area is on the upswing, attracting interest and investment.
• Takeaway: Target areas where growth is visible. Investing in a neighbourhood that’s gaining popularity can lead to significant value appreciation over time.

Tracking Market Trends

• What to Do: Monitor changes in prices and the number of homes being sold.
• Why: Rising prices and active sales signal a strong and desirable market.
• Takeaway: Choose an area with consistent growth in property values and sales. It’s a sign that the neighbourhood is in demand and a good place to invest.

Assessing Property Availability

• What to Do: Check the number of homes for sale in the area.
• Why: A lower number of listings often means the area is sought after, potentially driving up property values.
• Takeaway: Investing in a neighbourhood with limited property listings can be a smart move, as high demand and low supply can increase home prices.

Evaluating Access and Convenience

• What to Do: Consider how close the property is to essential services, public transport, and main roads.
• Why: Properties in accessible locations are more appealing and tend to hold or increase their value better.
• Takeaway: Look for homes in well-connected areas. Ease of access to amenities and transport links can significantly affect property value.

Researching Local Governance and Amenities

• What to Do: Investigate the quality of local government services and infrastructure.
• Why: Effective local governance and good infrastructure contribute to a stable and attractive community, enhancing property values.
• Takeaway: Choose areas with strong local services and amenities. Good governance and infrastructure can positively influence property values and quality of life.

Experiencing the Community Vibe

• What to Do: Spend time in the area, talk to locals, and explore the neighbourhood.
• Why: Getting a personal feel for the area helps ensure it fits your lifestyle and investment goals.
• Takeaway: A personal connection to the neighbourhood can validate your investment decision and ensure the area meets your living or renting out expectations.

Empower your real estate journey with HUNT Properties. Focusing on these strategic areas enables you to make informed decisions that yield profitable and satisfying results. Understand the dynamics of your chosen neighbourhood to secure an investment that aligns with both your financial and lifestyle aspirations.

The do’s

Get a pre-approved bond. If you have a home loan that has been provisionally approved, you will have a stronger standing in the negotiation process when buying a house. Going through the approval process will also inform you exactly what you can afford and how it will affect your finances.

Research the market and the area. Make sure you understand the current property market trends and property values. Do thorough research around the specific area or neighbourhood. Consider safety and crime levels, and expansion opportunities.

Consider the future. Give some thought to your plans for the future. If you are planning on starting a family, you may want to consider things like nearby schools. If you are planning on living in this house for the foreseeable future, you may want to investigate possible renovation options or possibilities for building on to the house. Are you considering other people to move in with you in the future, e.g. your parents? Is there a garden on the property and is it important for you to have one? There are many questions to ask, based on your situation and plans.

Negotiate. Do not feel shy to ask for a better price. In fact, many agents and sellers expect that the potential buyer will negotiate and therefore, they are often willing to negotiate.

The don’ts

Do not overlook additional costs. Many first-time home buyers focus on the price of the property only and overlook the extra costs involved. Extra costs include registration fees, agency fees, property taxes, and maintenance. If the property is part of a gated community or a complex, monthly levies are another expense to consider. These levies usually cover costs to maintain common areas and security.

Do not skip the home inspection. An inspection can uncover hidden issues that could significantly impact the property’s value and your living conditions. Costly repairs down the line can be avoided if this step is followed. An electrical inspection is also important to make sure the electrical wiring, etc. is up to standard.

Do not act on emotions. It is easy to rush into a decision when feeling excited. Think about the decision thoroughly and stay focussed on the practicalities and realities.

Do not feel rushed. Agents will often push you for a decision as they want to close the deal. Buying a house is a big decision and comes with a lot of commitment. Make sure you are sure about the purchase without feeling pressurised.

TAKE A PEAK AT ‘MILLIONARIE’S MILE’

The latest season of Listing Cape Town will air on Wednesday, 3 April. It promises viewers a look at only the most opulent homes in the Cape Winelands and Bishopscourt area. Viewers can also look forward to a much-anticipated glimpse into Cape Town’s exquisite Millionaire’s Mile properties.

Cape Town’s luxury residential market boasts an annual growth of 12.3%*, outpacing global trends and drawing a wave of local and international interest.

Producers Nico Nel and Trevor Kaplan say the highly anticipated second season ups the stakes significantly. Viewers can look forward to ten new episodes showcasing jaw-dropping properties valued up to an astonishing R280 million.

“This season shines a spotlight on the Mother City’s Millionaire’s Mile, a stretch of road between Clifton Second Beach and Camps Bay renowned for its sought-after mega-flats, which represent the pinnacle of luxury and exclusivity,” Nel and Kaplan explain.

Season two features manicured stud farms in and around the Cape Winelands and breathtaking beach bungalows. It also introduces some fresh faces to the team of dynamic and professional property agents featured throughout the series.

TAKE A GUIDED TOUR THROUGH NETTLETON ROAD AND THE MILLIONAIRE’S MILE

The show’s second season will pay homage to Herbert Baker’s architectural legacy, featuring several of his iconic homes. These historical gems include an R150 million Franschhoek wine farm currently on the market. The season also highlights Bishopscourt, a wealthy location attracting numerous foreign and local buyers, especially those looking to relocate from Johannesburg and Durban.

Viewers can expect many ocean-view apartments, city-style living, suburban homes, and Cape Wineland’s properties. Among the eye-catching properties is a listing on one of Africa’s most valuable streets, Nettleton Road, known for its ultra-luxurious properties and breathtaking views.

MEET THE AGENTS:

Byron Louw (RE/MAX)
Byron’s real estate journey began at Durr Estates, where he sold property on the Atlantic Seaboard for five years. In 2020, he started at RE/MAX and was awarded the #1 selling agent from 185 RE/MAX Property Associates franchise agents. When he is not working, Byron enjoys spending time with his family and playing Padel. He also does commercial and fashion modeling, exploring unique culinary spots or wine tasting at Cape Town’s stunning vineyards.

Byron’s most expensive sale: In 2019, a development for R62 million

Jonathan Tannous and Kim Tresfon (Pam Golding Property Group)
Born in Johannesburg and now living in Cape Town, Jonathan Tannous has been in real estate for eight years. Kim, born and raised in Cape Town, is part of the Pam Golding Property Group and specialises in the Bishopscourt, Kenilworth Upper, and Claremont Upper areas of Cape Town.

Jonathan and Kim’s most expensive sale: R93 million

Returning agents from Season 1 include Jodi Smith (Hot Property, contracted to Hardie Property Cape Town), Renée Lister-James (Chas Everitt International Property Group), Armel Ciamala (Law Real Estate), and Saadiq Effendi (LIONLEAD Realty).

Don’t miss the Listing Cape Town Season 2 premiere on Wednesday, 3rd April at 20:00, exclusively on BBC Lifestyle, DStv Channel 174. Catch-up Thursdays at 5pm on BBC Lifestyle or any day on DStv catch-up.

Stellenbosch, celebrated for its world-class wines and breathtaking landscapes, is in the midst of a remarkable evolution. Let’s uncover the vibrant changes shaping this picturesque region of the Western Cape.

Reviving Connectivity: The Winelands Airport and Rail System

Stellenbosch is on the cusp of a transformative journey with the revival of its rail system and the expansion of the Winelands Airport. These game-changing developments are set to revolutionise connectivity, unlocking many opportunities for residents and visitors alike.

The reopening of the rail system and the planned development of the Winelands Airport herald a new era of accessibility for Stellenbosch. By enhancing transportation links, these projects will facilitate travel and foster economic growth across the region. From commuting to work with ease to attracting tourists from around the globe, Stellenbosch is poised to thrive in this era of enhanced connectivity.

Devonbosch – A New Stellenbosch

Amidst these exciting changes, Devonbosch emerges as a beacon of innovation and possibility within Stellenbosch. Nestled near the heart of the Winelands, Devonbosch offers a unique blend of luxury living, adventure, and sustainability, embodying the essence of Stellenbosch’s charm.

At Devonbosch, residents are invited to embrace a lifestyle that transcends the ordinary. Every aspect of Devonbosch is designed to elevate the living experience from bespoke architecture to curated amenities. It’s not just a place to reside – it’s a vibrant community where residents can thrive amidst natural beauty and endless opportunities.

Conveniently located within the Cape Winelands and easily accessible via the N1, Devonbosch provides a sanctuary where residents can immerse themselves in tranquillity while enjoying the convenience of modern living.

As Stellenbosch undergoes its remarkable transformation, the possibilities are boundless. From the enhanced connectivity offered by the Winelands Airport and rail system to the unparalleled lifestyle offered at developments like Devonbosch, it continues to captivate and inspire.

Through these transformative changes, Stellenbosch reaffirms its status as a premier destination in the Western Cape, where residents can live, work, and thrive amidst natural beauty and abundant opportunities.

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VILLA LA ESTANCIA: SPANISH LIVING IN THE SOMERSET WEST

Nestled in the heart of Spanish Farm in Somerset West, this gorgeous four-bedroom home offers buyers the best of both worlds. A location close to town and that special rural charm, as per Peter Venter Estates.

Featuring classic and Spanish design elements, Villa La Estancia boasts high ceilings, handmade clay roof tiles, and 80cm thick walls with parquet flooring, as per the realtor.

The “Spanish hacienda” is a spacious and elegant retreat with four bedrooms, three bathrooms, a large living room with a fireplace, a formal dining room, a country kitchen, and a cozy study or hobby room, the real estate agency explains.

According to BusinessTech, the master suite has an en-suite bathroom and is fitted with built-in cupboards.

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AMPLE OPPORTUNITIES

The property’s land consists of a private forest and olive tree plantation.

The luscious garden has ample space for entertaining, a swimming pool-covered patio, and a tennis court, Peter Venter Estates states. The tennis court does need some love.

Apart from the main house, the property also has two flatlets, and the fourth bedroom can easily be converted into a separate flatlet as it has a private entrance and lounge with a built-in wood-burning fireplace.

As per Fine & Country, the property has major development potential. It is also currently zoned as agricultural land and can be subdivided and developed.

Additional amenities include a cellar, laundry room, a staff toilet and sheds.

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R75 MILLION WILL GET YOU THIS ROOI ELS PROPERTY

If you always wanted to see how the CEO of a bank lives, this could be your chance. The property, once owned by Leon Kirkinis, the former CEO of African Bank, is on the market and can be yours.

The four-bedroom property, known as “Die Punt” in Rooi Els, Western Cape, is for sale at R75 million, states Property.CoZa.

Situated in the Kogelberg nature reserve on 10 400 sqm of private land, the property boasts mountains, beaches, boulders, and ocean views.

As per the real estate agency listing, the house features “two levels of living space, with ocean views on three sides on the upper level and dune views on three sides on the lower level.”

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‘SEAMLESS INDOOR-OUTDOOR LIVING’

Described as the “largest steel-construction private residence in the South African hemisphere” and an “architectural gem,” per the realtor, the entire property frame is made from zinc steel and encased in Cor-Ten steel. Even the paint colour is custom, specifically developed by Sigma Switzerland.

To further enhance the natural elements throughout the home, the living spaces feature natural stone and concrete floors.

AN ENTERTAINER’S DREAM

The saltwater pool, Grapa wooden deck, and sliding doors allow for “seamless indoor-outdoor living,” offering endless entertainment options.

The kitchen is equipped with Smeg appliances and wine fridges to add to the luxury. The house also has three free-standing ceramic Japanese-style fireplaces and a wine cellar.

The library is adorned with reclaimed wood from reclaimed wood from a 1720 Constantia farmhouse, BusinessTech reports.

Additional features include garage space for four cars, automated gates, an alarm system, one master key for access, high safety glass, a diesel-powered generator, touch-screen computer-linked switches, and an easy-flow cooling system.

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THIS ROODEPOORT VILLA IS OUT OF THIS WORLD

It’s true what they say – style and luxury come at a price. And this villa’s price tag is pretty hefty.

But for R55 million, you’ll get so much more than just a house. It’s a compound with several buildings on the property, providing various entertainment and living options.

According to Global Estates Platinum’s Christiaan Myburgh, the property totals “8 000sqm with breathtaking views of the suburb of Poortview.”

The property consists of a five-bedroom main house, a two-bedroom flatlet, staff quarters, an office with reception, a boardroom, a kitchenette, and visitor parking.

ALSO READ: PHOTOS: Be the lady of the manor in this R49m ‘lakeside’ chateau

PURE LUXURY

But that’s not all. The property offers luxury living at its finest. Apart from the main house, the property also has a clubhouse and entertainment area complete with a boma, a custom solid Mahogany bar, a two-keg draught machine, and an open-plan lounge with a TV projector. There is also a full kitchen, a pool with a deck, and an outdoor jacuzzi.

As per BusinessTech, the property has an “overall style of an ancient Roman Villa. Drawing on euro-centric inspirations in various areas and features of the house, you can see elements of France, England, even Germany.”

Would YOU buy this property if you had the money?

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ALSO READ: Boom! Property prices in THESE SA towns continue to rise

REMOTE WORK IS CHANGING THE SOUTH-AFRICAN PROPERTY MARKET

While semigration has its effects on the local property market, home offices are radically changing the property market, BusinessTech reports.

“The remote work phenomenon has transformed what people seek in a home. There’s a growing demand for properties that can accommodate home offices and offer a better work-life balance,” Harcourts South Africa CEO Richard Gray told the publication.

And while remote work offers workers the opportunity to work from anywhere, this also means that more people are looking for property outside of major cities across the country.

As Gray explains, more buyers are opting for more spacious homes with ample office space in quieter, less dense areas.

According to the KPMG 2023 CEO Outlook, 72% of Southern African CEOs want employees to return to the office within the next three years. 28% of CEOs prefer the hybrid or remote way of working.

ALSO READ: PHOTOS: Be the lady of the manor in this R49m ‘lakeside’ chateau

AVAILABLE HOMES WITH OFFICE SPACE

Here’s a look at properties with office space available across the country.

JOHANNESBURG

This five-bedroom home in Oakdene is available for R2.95 million. Apart from the spacious rooms, according to RE/MAX, there is also a study and additional lounges, including private, family, and main lounges. The home also includes a spacious 80m2 flatlet with a bedroom, a bathroom, a super-sized kitchen, and a lounge.

There are four garages, driveway parking for another four cars, a large storeroom under the home, staff accommodation, manicured gardens, and a swimming pool.

DURBAN

Are you looking for a home with a home office in Durban? This four-bedroom property in Durban North will cost you only R1.6 million and has two studies. As per Tyson Properties, the home has three bathrooms (two are en-suite), an expansive granite kitchen, two lounges, and an upstairs balcony just off the main bedroom.

The house is fully conditioned and fitted with an alarm system, a fiber connection, two carports, a braai area, and a rock pool with a water feature.

PRETORIA

This three-bedroom property in Waterkloof Park can be yours for R2. 2million. As per Private Property, the home has an open plan kitchen fitted with granite tops and a separate washing room, dining room, enclosed patio area with built-in braai with a serving hatch into the kitchen, two bathrooms, two garages, and a study corner.

An added bonus is the 5Kv invertor.

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ALSO READ: OMG! Will you pay R21 mil for this St Francis Bay canal house?

CLASSIC MANOR HOUSE IN FRANSCHHOEK

Currently on the market for R49 million, this gorgeous ‘lakeside’ chateau, aptly named Chateau Dauphine, is what dreams are made of. Literally. And there is ample space to make even your wildest dreams come true.

According to the listing agency, Greeff Christie’s International Real Estate, the manor house was built in a classical style. The upper floor boasts views of a nearby enormous body of water and the mountains surrounding the Franschhoek valley.

The home has four bedrooms, complete with en-suite bedrooms. The large living room opens up to the outdoors, and the French country kitchen is any chef’s dream.

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WORLD-CLASS AMENITIES

As per the real estate agency, the property is four hectares in size.

Apart from the main house, the property also has three additional cottages and a five-bedroom guesthouse.

There is also staff accommodation, horse paddocks, swimming pools, a tennis court, a laundry, a reception area, ample guest parking at the main house, the cottages, and the guesthouse.

Whether you are looking for a home within a tranquil environment or a business opportunity, this ‘lakeside’ chateau offers the ultimate country living.

If you had the cash, would YOU buy it?

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NOW YOU CAN OWN YOUR OWN GAME FARM IN GROOT MARICO

Situated only two hours from Pretoria and Johannesburg, the 2 850-hectare game farm is a sight to behold. Apart from

According to Pam Golding, the property is incredibly diverse: it boasts savanna grasslands, rich bush, and riverine conditions in the valleys along the river.

And apart from the 12-bedroom, ten bathroom game lodge with accommodation, a traditional four-bedroom, two bathroom farmhouse, an office and workshop facilities, the farm also has an exotic game breeding program, which the potential buyers can take over.

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MORE THAN MEETS THE EYE

“The property further has two large ground dams, a couple of smaller dams, and various water cribs filled via a pipeline from a borehole. The property is also game-fenced, with a portion with a normal cattle fence.

20 Hectares of arable land can also be used to plant fodder, BusinessTech reports.

Per the real estate agency, the property further has

• Two sheds
•  A slaughterhouse
•  Four camps for capture and holding purposes
•  Six camps suitable for breeding purposes

The property is equipped with a generator and solar power, while a road network allows easy travel across the entire farm and across the river in multiple places.

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WOULD YOU FORK OUT R21 MIL FOR THIS ST FRANCIS CANAL HOUSE?

St Francis Bay is known as one of the most sought-after areas in South Africa, especially where holiday homes are concerned.

But this six-bedroom property is something else. Per Pam Golding, the house is situated in the sought-after Praslin Reach, in a secluded area of the canals.

The ground floor boasts two en-suite bedrooms, a spacious kitchen, and a full bar. Other amenities include a guest restroom, walk-in pantry, scullery, laundry, and a convenient double garage. The lounge also has a fireplace.

The bedrooms, including the main bedroom with an en-suite bathroom and large walk-in cupboards are all upstairs. There is also a small office nook and a pajama lounge.

ALSO READ: Boom! Property prices in THESE SA towns continue to rise

The balcony has views of the canal and the outdoor entertainment area, which boasts a decking, a large pool, and steps leading down to another decked space of 30 sqm. The second deck has a gazebo.

For R21 million, the property, including the furniture, appliances, kitchenware, and bedding, can be yours.

Just Property, the real estate agency that shares a dual mandate on the property, says on its website that the Kromme River can be navigated for 10 km by leisure boat or canoe.

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THE REAL ESTATE MARKET IN THESE COASTAL TOWNS ARE BOOMING

The South African economy might be in trouble, but the property market in these Western Cape coastal towns is growing rapidly.

Steven Neufeld, Manager Principal of Lew Geffen Sotheby’s International Realty Plettenberg Bay, told BusinessTech the average house price increased by 31% in 2021 from R2.48 million to R3.92 million. And although prices only increased by 9% to R3.92 million in 2022, it increased again last year by 26% to R4.84 million.

“Plettenberg Bay normally follows behind the Gauteng property market by about six months, but in this property cycle Plett bucked the trend due to the big post-Covid-lockdown semigration and continued to climb during Gauteng’s downturn,” Neufeld said.

He explained that as the amount of available property decreased, prices increased. But, as the market slowed down during the second half of 2023, stock levels started to recover.

“These days, it is difficult to find full title homes below R3.5 million with sectional title unit prices starting at R1.3 million. Vacant land starts at about R550,000 in gated estates and R800,000 in open areas,” he tells Estate Living.

According to the publication, Knysna saw median house prices increase by 47.6% in 2022 to R3.1 million and again by 12.9% to R3.5 million. The previous record median price was in 2017, when it reached R1.7 million.

Hermanus’ median house price spiked by 51.4% in 2022, increasing from R1.75 million to R2.65 million, Estate Living reports. The previous record-high median price was R1.95m in 2020.

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SEE WHAT PROPERTIES ARE AVAILABLE

Here’s a look at some of the properties available in Plettenberg Bay, Hermanus, and Knysna.

PLETTENBERG BAY

According to Pam Golding, this three-bedroom property for sale in Schoongezicht is the house of your dreams. And it will only cost you R4.45 million. 

The newly built property boasts a spacious open-plan lounge, dining, and kitchen area perfect for entertaining. The scullery houses the six kVA inverter, ensuring uninterrupted power supply.

The home has three bedrooms, with the main bedroom opening to a private outdoor retreat and en-suite bathroom, per the realtor’s website. The lounge area features a wood-burning fireplace and ample space for seating arrangements. The area also opens up to a covered braai area.

The property also has a lap pool with breathtaking views of the estate and valley.

HERMANUS

Are you looking for a property in Hermanus? This beautiful two-bedroom house in Sandbaai is on the market for only R2.25 million.

Situated in a secure estate, the house features an open-plan dining area that opens up to the back patio. This gives the home stunning indoor-outdoor flow. The kitchen is open plan to the living room and also offers an exit to the covered patio.

The main bedroom has an en suite bathroom. The guest bathroom offers a full bathroom fully equipped with a bathtub, shower basin, and toilet.

As an added bonus, the property is only a short distance from the Curro school and the entrance to the Hemel-en-Aarde valley. The estate is only a brief drive from the holiday hub of Hermanus as well as the picturesque coves and paths of Sandbaai beach, RE/MAX reports.

KNYSNA

If Knysna is more your speed, this three-bedroom property in Green Pastures is currently on the market for R3.25 million.

As per Lew Geffen Sotheby’s International Realty, the contemporary-designed home boasts a minimalist facade and clean lines. The house boasts a spacious open-concept living area, three bedrooms, and a luxurious private outdoor shower oasis, perfect for summer relaxation.

The main bathroom has imported fittings, enhancing the home’s unique style. According to the realtor’s website, every detail in this architecturally designed home reflects a blend of high-quality finishes, comfort, and artistic flair, resulting in an exceptional and captivating living environment.

Situated in Green Pastures, a tranquil and family-friendly neighbourhood, this home is just a 5-minute drive from the town center, offering both convenience and serenity in a beautifully crafted space.

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FREE STATE TOWN BECOMES FIRST ‘SMART TOWN’ IN SA

The small art town of Clarens in the Free State has officially become the first ‘smart town’ in South Africa. As per Eskom, the town started the process by using a new app-based load management project with the power utility company.

“As Clarens is already gearing up for smart city initiatives with smart metering and electrical vehicle charging stations already installed, as well as a well-diverse spread of small-scale embedded generators (SSEGs), Eskom was eager to help Clarens residents in the evolution from an art town to a smart town,” Eskom said in a statement.

Many municipalities are managing their demand during supply constraints (load curtailment), but Clarens is the first town to pilot the concept of ‘group curtailment.’ This is where a community manages its own electricity usage, BusinessTech reports.

“Group curtailment requires the collaborative efforts of the entire community to reduce load when requested,” Eskom says in a statement.

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MANAGING CURTAILMENT

To monitor the town’s electricity usage, an application notifying customers about curtailment was developed, BusinessTech reports.

Gert Kruger, Clarens’ group coordinator, explains the process:

A meter is installed at the town’s main point of supply. Every 60 seconds, the meter sends real-time statistics of the town’s current demand.

“For a town that depends on tourism, not being subjected to load shedding is life-changing. Although the success depends on the voluntary participation of residents and businesses, we have the community’s support as everyone benefits from cooperating,” Kruger said.

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The auction will take place on Wednesday, 24 January 2024 with an expected opening bid of R20 million.

The nine hectare property on the banks of the Vaal dam has a R22.5 million reserve price.

SEE | These are the 10 ‘richest’ suburbs in South Africa: One province dominates

According to the Rawson website, the property offers self-catering accommodation, including the main house, five luxury self-catering units, a penthouse, three self-catering units (still to be completed) and large camping sites.

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There is also a fully equipped sports bar and restaurant and parking for 50 cars.

Rates are reported to be R5 000 per month.

All pictures via Rawson website

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According to Lightstone’s latest data, approximately 240 888 property transfers were concluded in 2023 at a value of R257 billion.

This represents a 29% decline from the 340 682 transfers recorded in 2022 at R345 billion.

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Despite the decline in buying activity, Lightstone asked estate agents what buyers in 2023 look for when purchasing a home.

According to the data, 33% of homebuyers rated security more than anything else, followed by lifestyle benefits and access to amenities (25%) and space to work from home (19%).

Alternative energy sources ranked fourth (15%).

Rounding out the top five reasons with 6% was ‘buy-to-rent’.

TRENDING | These are the 10 ‘richest’ suburbs in South Africa: One province dominates

WHAT IS YOUR NO 1 ‘MUST HAVE’ WHEN BUYING A HOME?

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BOOKMARK | For the latest helpful, insightful and expert news, visit The South African website

According to Lightstone’s latest data, 2023 was a challenging year for home buyers, owners and estate agents.

TRENDING | These are the 10 ‘richest’ suburbs in South Africa: One province dominates

Approximately 240 888 property transfers were processed in 2023 at a value of R257 billion.

The represents a significant decline of 29% from the 340 682 transfers recorded in 2022 at a value of R345 billion.

ALSO READ | The top FIVE things buyers look for when purchasing a home

Lightstone further noted a decline in terms of first-time and repeat buyers.

First-time buyers purchased property to an estimated value of R75.5 billion, while repeat buyers purchased R182.3 billion worth of property.

This represents a 28% and 24% decrease, respectively, compared to 2022.

ALSO READ | Gauteng dominates as province with most popular MALLS in South Africa

The majority of those who did manage to buy a property this year chose to do so in Gauteng – which was home to seven of the Top 10 suburbs based on transaction volumes.

The Western Cape boasted two suburbs in the Top 10, with the final spot going to Limpopo.

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According to Lightstone, four of those are to be found in Gauteng.

Mall of Africa, situated in Waterfall City in Midrand, was crowned the busiest shopping mall in South Africa this year having taken second place in 2022.

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Second place in 2023 went to the busiest mall last year, Galleria in KwaZulu-Natal.

Sandton City / Nelson Mandela Square ranked third for 2023 – the same as it did 12 months ago.

Fourth place was taken by Menlyn Park with Wonderpark rounding out the Top 5.

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Of the 20 busiest malls in Mzansi, 14 are located in Gauteng, four in KwaZulu-Natal and two in the Western Cape.

In terms of average shopping time, that honour went to the V&A Waterfront in Cape Town (105 minutes), while the Mall of Africa and Sandton City / Nelson Mandela Square both boasted an average of 90 minutes.

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TOP 5 BUSIEST MALLS IN SOUTH AFRICA IN 2023

What is YOUR favourite mall in South Africa?

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SEE | Country haven? For R30 million this massive estate can be yours

QUESTION | Have you visited the most popular mall in South Africa?

Only Sandhurst from the Sandton/Joburg area makes it into the Top 10.

According to the Property Professional website, these top 10 suburbs now all command an average price above R10 million, and in the top suburbs, the average is now just about R20 million (Clifton and Bantry Bay).

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Notably, where there were three Sandton/Joburg suburbs in the top 10 list five years ago, this year, there is only Sandhurst, although it boasts a marked uptick in the median price.

Interestingly, Higgovale in the Cape Town City Bowl is now also in the top 10 list. It once again stands as testimony to the allure of Cape Town, but more than that, the absolute confidence in the Cape Town property market, says Samuel Seeff, chairman of the group.

Cape Town is not just the best city in the world, as voted for the eighth year running by the Telegraph Travel Awards this year, but the best place to invest your property money, according to Seeff.

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Seeff says that wealthy Joburg buyers and international buyers are all investing in Cape Town, and their confidence has been rewarded.

Despite a challenging year, Cape Town is set to end another exceptional year for the property market with an average transaction price of R2.1 million, according to Lightstone data.

Comparatively, Johannesburg only reached R1.6 million, Pretoria R1.5 million, and Durban R1.3 million.

Sandton averaged around R2.3 million compared to the Atlantic Seaboard, which stands at around R8.2 million based on Propstats sales data.

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The average transaction price for Cape Town has doubled over the last 10 years and is up by about 35% from the 2019 pre-pandemic year.

Cape Town also again achieved the country’s highest average prices this year.

Ross Levin, licensee for Seeff Atlantic Seaboard, says it is no surprise that 7 of the top 10 suburbs are located in the premier Atlantic Seaboard and City Bowl belt, where buyers have spent on average more over the last three years.

He says further that despite the market challenges, the market here has traded slightly up on last year, which was already very successful. The market has been made up of a greater quantity of deals, albeit at lower price bands. That said, the market at the upper end still traded up compared to the 2019 pre-pandemic period.

SEE | Country haven? For R30 million this massive estate can be yours

SA’s Top 10 suburbs by average selling price in 2023

Source: Seeff, based on Lightstone/Propstats data

The southern suburb areas in Cape Town have also achieved an excellent year under the circumstances, with close to R5.5 billion in sales this year.

Hout Bay has also enjoyed another exceptional year with sales of over R1 billion and Blouberg over R2 billion.

Luxury buyers continued to flock to Constantia Upper and Bishopscourt, says Francois Venter, lead agent for Seeff Constantia.

There have already been 10 high-value sales above R20 million in Constantia and eight in Bishopscourt, the highest on record in both instances.

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Luxury rentals have achieved rates of up to R120 000 per month in Constantia, according to Jacqui Bush and Sonya Garisch from Seeff.

Seeff says buyers across the price spectrum continue seeing Cape Town as a safe store of wealth.

We have seen wealthy buyers from upcountry and internationally are prepared to put significant funds into the property market.

In fact, many Europeans have preferred to invest here over the last two years as they are not as bothered about local challenges as we are.

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According to Lightstone, four of those are to be found in Gauteng.

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Mall of Africa, situated in Waterfall City in Midrand, was crowned the busiest shopping mall in South Africa this year having taken second place in 2022.

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Second place in 2023 went to the busiest mall last year, Galleria in KwaZulu-Natal.

Sandton City / Nelson Mandela Square ranked third for 2023 – the same as it did 12 months ago.

Fourth place was taken by Menlyn Park with Wonderpark rounding out the Top 5.

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Of the 20 busiest malls in Mzansi, 14 are located in Gauteng, four in KwaZulu-Natal and two in the Western Cape.

In terms of average shopping time, that honour went to the V&A Waterfront in Cape Town (105 minutes), while the Mall of Africa and Sandton City / Nelson Mandela Square both boasted an average of 90 minutes.

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TOP 5 BUSIEST MALLS IN SOUTH AFRICA IN 2023

What is YOUR favourite mall in South Africa?

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According to Lightstone, four of those are to be found in Gauteng.

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Mall of Africa, situated in Waterfall City in Midrand, was crowned the busiest shopping mall in South Africa this year having taken second place in 2022.

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Second place in 2023 went to the busiest mall last year, Galleria in KwaZulu-Natal.

Sandton City / Nelson Mandela Square ranked third for 2023 – the same as it did 12 months ago.

Fourth place was taken by Menlyn Park with Wonderpark rounding out the Top 5.

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Of the 20 busiest malls in Mzansi, 14 are located in Gauteng, four in KwaZulu-Natal and two in the Western Cape.

In terms of average shopping time, that honour went to the V&A Waterfront in Cape Town (105 minutes), while the Mall of Africa and Sandton City / Nelson Mandela Square both boasted an average of 90 minutes.

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TOP 5 BUSIEST MALLS IN SOUTH AFRICA IN 2023

What is YOUR favourite mall in South Africa?

Let us know by clicking on the comment tab below this article or by emailing info@thesouthafrican.com or sending a WhatsApp to 060 011 021 1

You can also follow @TheSAnews on Twitter and The South African on Facebook for the latest news.

WATCH | Martial eagle kills impala at Skukuza Golf Club

According to Lightstone, four of those are to be found in Gauteng.

Mall of Africa, situated in Waterfall City in Midrand, was crowned the busiest shopping mall in South Africa this year having taken second place in 2022.

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Second place in 2023 went to the busiest mall last year, Galleria in KwaZulu-Natal.

Sandton City / Nelson Mandela Square ranked third for 2023 – the same as it did 12 months ago.

Fourth place was taken by Menlyn Park with Wonderpark rounding out the Top 5.

DIARISE | List of every public holiday in South Africa in 2024

Of the 20 busiest malls in Mzansi, 14 are located in Gauteng, four in KwaZulu-Natal and two in the Western Cape.

In terms of average shopping time, that honour went to the V&A Waterfront in Cape Town (105 minutes), while the Mall of Africa and Sandton City / Nelson Mandela Square both boasted an average of 90 minutes.

CALENDAR | School’s out for summer: When does the first term in 2024 start?

TOP 5 BUSIEST MALLS IN SOUTH AFRICA IN 2023

What is YOUR favourite mall in South Africa?

Let us know by clicking on the comment tab below this article or by emailing info@thesouthafrican.com or sending a WhatsApp to 060 011 021 1

You can also follow @TheSAnews on Twitter and The South African on Facebook for the latest news.

ALSO READ: Holiday home hunting? The most popular property hotspots in SA

WILL YOU PAY R250 MILLION FOR A HOME?

This Bakoven property is genuinely out of this world. And with its R250 mil price tag, it certainly does not disappoint.

According to BusinessTech, the five-bedroom, three-level property is “one of the most prestigious ‘beach bungalows’ in Bakoven. Situated in a six-house cul-de-sac, the property was designed by the VDMMA (Van der Merwe Miszewski Architects) architectural firm and reportedly features an exterior with hand-carved solid granite decorating the walls.

As per the publication, the ground floor has an open-plan kitchen, lounge, and dining area that leads into a Garapa wooden deck. The deck allows views of the 12 Apostles Mountain Range and the Atlantic Ocean.

The house also boasts a biofuel fireplace and, most impressive, a four-post hydraulic car lift that can transport vehicles to the 200 sqm basement, accessed from street level. The basement can reportedly hold four to six cars.

Take a look.

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OTHER PROPERTIES FOR SALE IN THE AREA

While this beautiful home might be out of your price range, other exquisite properties are up for grabs.

This gorgeous four-bedroom home in Bakoven will only cost you R49.9 million. As per Private Property, the property sits on the boundary of Table Mountain and 12 Apostles. All living spaces open onto spacious terraces, all perfect for entertaining.

The house also has a gym, outdoor rain shower, rim pool, jacuzzi, separate garden apartment, and a three-car garage.

This magnificent home can be yours for a cool R29 million. The gorgeous 10-metre swimming pool situated in the lush landscaped gardens offers sweet respite from the summer heat while the many private outdoor terraces and balconies boast glorious views of the Atlantic Ocean, Twelve Apostles Mountains, and Lions Head.

ALSO READ: Country haven? For R30 mil this massive estate can be yours

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THE PROVINCE WITH THE CHEAPEST RENT IN SOUTH AFRICA

The latest PayProp Rental Index has revealed that the North West has the cheapest rent in South Africa. And although prices are growing faster in the province than in the rest of the nation, as per BusinessTech, renters can still get more bang for their buck.

According to the publication, South Africa’s positive rental growth has been on a positive trajectory for the past seven years, accelerating to 4.4% year-on-year.

“This is the fastest we’ve seen since the 5.3% measured in Q4 2017, and it is still trending upwards,” the report states.

The national average rent for the second quarter is R8 375, up 4.4% from R8 032 in Q2 2022.

According to the report, the most expensive province for rentals is the Western Cape (average rent price R9 730), with North West rentals coming in the cheapest with an average rental price of R5 985.

The average rent in Gauteng is R8 691. In KZN, it’s R8 817, while the national average is R8 375.

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TOP RENTALS IN THE NORTH WEST

Looking for a property to rent in the North West province? Take a look at what we found.

CARIBBEAN BEACH

This gorgeous two-bedroom apartment is available for rent at R10 000 per month. Overlooking the Caribbean Beach Club golf course and Hartbeespoort Dam, Pam Golding describes the property as “very private and in top condition.”

Offering stunning views of the Dam and the majestic mountains, the club gives residents access to communal pools, tennis and squash courts, and round-the-clock security staff with controlled access. There is also a clubhouse and a restaurant.

BAILLIE PARK, POTCHEFSTROOM

Need to relocate to Potchefstroom? For R 14 800 per month, you can get your hands on this three-bedroom, three-bathroom rental property in Baillie Park.

Situated in Etosha, one of Potchefstroom”s most luxurious and unique residential estates, the property is perfectly positioned for ultimate access to local amenities, Private Property states.

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A CONTINUED RISE IN DEMAND FOR CPT’SCPT’S SOUTHERN SUBURB HOMES

Since the start of semigration in 2021, many South Africans have made their way to the southern suburbs of Cape Town in the hopes of a more relaxed and tranquil life. The subsequent effects of COVID-19 set the property market in freefall, and many potential homeowners and people looking to relocate used it to their advantage. 

Property in areas like Newlands, Rondebosch, and Claremont boomed, primarily thanks to their proximity to schools and other major amenities, the publication reports.

Today, these areas are more popular than ever, and demand continues to rise, both in the buying and renting markets.

“Stock has become an issue, though,” Claude McKirby from Sotheby’s Realty told BusinessTech, ” and there are few houses available at the current average selling prices and almost none at the entry-level.”

“The rental market is equally competitive throughout the whole Southern Suburbs region. Properties have barely been listed, and the enquiries literally pour in, with some properties even being taken without viewings. Generally, these are potential tenants from Gauteng or KZN or abroad.”

According to McKirby, Noordhoek, Kommetjie, Simonstown, Muizenberg, and Fishhoek are the suburbs currently attracting the most interest.

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TOP PROPERTIES ON THE MARKET

Here’s a look at some properties currently on the market in Mother City’s southern suburbs.

NEWLANDS

Tucked away in the heart of Newlands, this four-bedroom townhouse, on the market for R6 995 000, is the ultimate lockup-and-go property. The open-plan kitchen opens up to the lounge and dining area, allowing for optimal use of space. The lounge flows out onto a covered patio, offering effortlessly indoor-outdoor living. According to RE/MAX, the property is a corner unite and one of only ten homes in the complex.

RONDEBOSCH

This five-bedroom home in Rondebosch could be yours for a mere R18.5 million. As per Pam Golding, the house has been in the same family for the past four decades. It is situated within walking distance of Bishops, Rondebosch Boys”, Oakhurst Girls,” and Micklefield schools.

The home boasts rolling green lawns, a Black River frontage ( with its beautiful arched bridge), and a mountain pool. The majestic mountain backdrop makes it completely private, while the five reception areas, including a formal lounge, dining room, informal family room, and huge wrap-around covered terrace, allow for ample entertainment options.

The property has two vehicle entrances, one into a double garage and another with direct garden access. There are also domestic quarters and ample storage and workshop spaces.

MUIZENBERG

This two-bedroom townhouse is currently in the market for R1.59 million in Muizenberg. Situated at the foot of Boyes Drive in the Silverseas complex, the property boasts a free-flowing kitchen and living area opening up to an enclosed braai\patio area, Seeff states.

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WILL YOU FORK OUT R30 MILLION FOR THIS PROPERTY?

According to Pam Golding, the incredible 10-hectare property, aptly named Richlands, is in Everton in the Greater Durban area. It consists of two large houses, a cottage, a barn, and thirteen plots to sell or develop.

“Richlands is perfect for the most discerning homeowner who wants to enjoy manicured parklike gardens, an undeniable sense of tranquility surrounded by the beauty of natural landscapes, flowing streams, and wildlife while demanding only the absolute best in quality, luxury, and sumptuous living,” the website states.

As per BusinessTech, the 1,200 sqm primary residence was built seven years ago. It features an open-plan design with various large living and entertainment areas. The main bedroom boasts separate his and hers dressing rooms and bathrooms. Each of the four suites has its balcony, while the banquet-sized dining room with electric fireplace, 13m indoor heated swimming pool, movie theatre, and spa room with sauna and a gym allows for various entertainment options.

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A DEVELOPER’S DREAM

Not sure what to do with such a massive property? Not to worry.

Pam Golding advises that the property offers prospective owners various living and business opportunities.

With ample “development potential,’ the property boasts 13 additional approved rights. This is good news for potential property developers as it can “potentially be developed into a gated or equestrian estate.”

As per the property agency, the property will be perfect for an equestrian lifestyle center as it has large outbuildings and facilities that could easily be converted into indoor arenas, paddocks, and stables.

Another option is to turn the property into a beautiful wedding venue or conference facility, as the barn could easily be converted into suitable facilities. A Boutique Hotel or B&B are also viable options.

And with the two full houses and cottage on the property, the property offers ample space for extended family. The second house and two-bedroom cottage are also perfect for additional rental income.

A BUYER’S MARKET

In an interview with BusinessTech, the chairman of property group Seeff, explained that sales activity showed a 30% to 40% decrease compared to the post-COVID-19 boom of 2021 and 2022. He added that high interest rates will stick around for the foreseeable future, rendering the seller’s market a thing of the past.

READ MORE: Property: The SELLER’S market is long gone, say experts

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COASTAL TOWNS – A BOOMING MARKET FOR INVESTORS

It’s no secret local holidaymakers love heading to the coast for the holidays. But, according to Business Tech, they favour two specific hotspots in particular: the Western and Eastern Capes.

“There has also been growing demand for Eastern Cape coastal hotspots, which often offer more accessible pricing compared to that of the Western Cape,” Seeff Property Group tells the publication.

According to Capetownetc, despite a slower sales market driven by the current economy, Seeff has sold holiday homes for between R10 million and R33 million.

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THE MOST POPULAR HOLIDAY PROPERTY SPOTS IN SA

Looking to invest in a holiday home?

As per Seeff, the most popular holiday home hotspots in SA include Camps Bay, Clifton, Plettenberg Bay, Knysna, Langebaan, Yzerfontein, Pringle Bay, Rooi Els, Jeffreys Bay, St Francis Bay, Big Bay and Bloubergstrand.

Here’s a look at some of the properties currently available in these areas.

CLIFTON

For a cool R160 million, this luxurious five-bedroom Clifton abode could be your dream holiday home. Situated on the prestigious Nettleton Road, the double-volume, open-plan property is any entertainer’s dream. As per Dogon Group, the house features an open-plan entertainment area, an outdoor terrace, a rim-flow pool, a courtyard mountain garden, a family room, a cinema room, and a gym. The house also has two staff accommodations, four garages, an alarm system, and CCTV cameras.

PLETTENBERG BAY

If waterfront living is your thing, this contemporary riverfront home, situated within the Twin River Life Style Estate, is an absolute must-see. Seeff Property Group’s website shows the property is currently on the market for R27 950 000. It boasts a 70m riverfrontage, a private garden with sprawling lawns, and a swimming pool overlooking the river and natural surroundings.

The open-plan dining room opens onto the covered veranda, offering many entertainment options.

YZERFONTEIN

Beachfront living at its finest. This three-bedroom house in Yzerfontein is currently on the market for R12.2 million. Located on the beach, the house boasts a deck that spans the width of the home. As per Pam Golding, the property also has a swimming pool surrounded by lush landscaping, three garages, and a state-of-the-art solar system.

ST FRANCIS BAY

According to RE/MAX, this gorgeous St Francis Bay property will tick every box possible. The property is selling for R14.8 million and has five bedrooms, four bathrooms, a splash pool, a fire pit, an inverter, and a private beach.

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As reported by Business Tech, Gauteng is the biggest loser when it comes to property market share. And the biggest growth province is the Western Cape. However, it’s not Cape Town where South Africans are moving to, but rather smaller dorpies all around the Western Cape.

WHERE SOUTH AFRICANS ARE MOVING

Lightstone Property figures suggest that Mzansi is fed up with big-city living, and across the country smaller towns are benefiting from a migration from large metros. But where are South Africans moving to specifically?

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The biggest growth areas are Overstrand, Stellenbosch, Hessequa, Knysna, Prince Albert, Saldanha Bay, Swellendam, Bergrivier and Cape Agulhas in the Western Cape. Property sales market share in these areas has gone up from 15% to 17%.

LIFE’S A BEACH

The biggest loser is the City of Johannesburg in Gauteng which dropped from 16% to 15%. Ironically, it’s not just about the beach when looking at where South Africans are moving to, because KwaZulu-Natal (eThekweni and Msunduzi) has also lost market share, from 12% to 11%.

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Despite an increase in crime, the Eastern Cape enjoyed some growth, according to Lightstone Property. Following the trend of big city to smaller dorpies, the growth has occurred in the likes of Jeffreys Bay, St Francis, Port Alfred, Kenton-on-Sea and Mthatha. Nelson Mandela Bay and Buffalo City have declined.

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What do you think of where South Africans are moving to? Is it a sign that Mzansi is fed up with big-city living, crime and ineffective governance? Be sure to share your thoughts with our audience in the comments section below. And don’t forget to follow us @TheSANews on X and The South African on Facebook for the latest updates.

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CHECK OUT SOME OF THE MOST EXPENSIVE PENTHOUSES ON THE MARKET

Expansive views, luxurious interior, and only the best amenities that money can buy. These penthouses are out of this world; that’s if you can afford the rather hefty price tag.

A PROPERTY IN SANDTON

Boasting the most prestigious address in Johannesburg, this gorgeous Sandton pad will make even the fussiest homeowner smile. Featuring four bedrooms, five baths, and 360-degree views of the Sandton skyline, this is one of the hottest penthouses on the market right now.

With a price tag of just under R30 million, the property, according to James Edition, has a lift, a grand living space, and an enclosed bar or poker room, as well as a separate cinema room for lazy movie nights. The lounge and dining area flows into a patio area large enough to fit a gas braai, table, and chairs and to seat at least eight people.

Interested in this stunning property? The building is equipped with a generator, a two-month backup water supply, ducted aircon throughout, private storage space, two underground parking bays, a restaurant, a spa, a fitness centre, a communal swimming pool and tennis court, and 24/7 concierge services.

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CAPE TOWN PAD

Got a cool R49 million lying around? You might be interested in this three-bedroom penthouse for sale on the Waterfront. The LawHill luxury penthouse is, according to Sotheby’s Realty, the most sought-after penthouse in the V&A Marina. The duplex property boasts 360 views of the harbour, the South Atlantic Ocean, and Table Mountain.

The penthouse has a lift, an upper level for entertaining, a private pool, and various entertainment areas. Check it out.

LIFESTYLE OF PRETORIA’S RICH AND FAMOUS

For R21 million, this four-bedroom penthouse in Menlyn, Pretoria, can be yours. As per Pam Golding, the property is located on the second floor of the private executive section of the much sought-after Menlyn Maine Residences. The penthouse offers ample space for entertainment and is designed for optimal luxury living.
The penthouse is fully furnished; each bedroom has a private balcony and flat-screen TV.

The property also features an adjacent one-bedroom unit, exquisitely designed and furnished in the same style as the penthouse. The property also has five reserved, private-use parking spaces, easily accessible from the lift one floor down from the penthouse.

Would YOU buy any of these penthouses?

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