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Debate intensifies over the proposed redevelopment of Cape Town's Mowbray Golf Course, as housing activists call for measures to ensure affordability and racial redress in the face of potential displacement.
Debate intensifies over the proposed redevelopment of the Mowbray Golf Course in Cape Town, as housing activists call for measures to ensure affordability and racial equity in the city's housing plans.
The relatively low property prices in KwaZulu-Natal are influenced by factors such as economic disparities and subdued market activity.
Without clear affordability measures, long-term protections, and racial redress, the Mowbray Golf Course redevelopment risks becoming mere ‘affordable housing tokenism'.
Land Reform and Rural Development said the Electronic Deeds Registration System (eDRS) aims to ultimately replace the manual registration processes with digital streamlined systems that use technology to ensure improved security, reduce turnaround times and curb corruption.
If affordability challenges persist and younger buyers are locked out of the property market, the country risks increased pressure on rental markets, less long-term wealth generation among youth and potentially a shrinking base of future homeowners.
Many South Africans are adopting a wait-and-see attitude in an uncertain environment, with multiple headwinds. This means salary earners might opt to be conservative and keep on renting as opposed to buying a property,
Price tags leave many South Africans who moved to the city in shock.
Existing homeowners, especially those with variable-interest rate bonds, could find it harder to keep up with bond payments, increasing the risk of foreclosures.
Budget cuts plus land invasions and contractors abandoning projects all impede efforts to deliver houses for all.
Given the recent Budget's impacts on South Africans plus unchanged interest rates, consumers are in for a hard time.
Global trends were to keep rates unchanged. Only the Swiss National Bank (SNB) bucked the trend and lowered its interest rate once more.
Registering deeds electronically will enable the efficient registration of high volumes of deeds and documents, the introduction of security features, enhanced accuracy, nationwide access to deeds registration services, and faster turnaround times.
Lower interest rates will reduce the cost of financing homes, thus enabling a higher affordability at a given monthly financing payment.
Another interest rate cut this week, together with the lower transfer duties announced in the budget last week, will add further impetus to the market, especially for first-time buyers.
The recent VAT increase in South Africa's 2025 Budget may reshape the property market, influencing buyer affordability and rental demand.
The rental market in Bellville, Durbanville, and Parow is thriving, driven by increased demand and a slight VAT increase, according to property experts.
Explore the implications of the 2025 National Budget's VAT increase on South Africa's economy and property market.
A mixed bag for property and a warning that an increase in VAT will impact already cash-strapped consumers, particularly those who can ill afford it.
The Western Cape continues to be one of the most desirable provinces, claiming four of the top five positions for the most searched suburbs on remax. co. za.
South African homeowners show unprecedented confidence as sentiment index reaches 87% in Q4 2024, marking the highest level in a decade despite economic challenges. Property investment and buying sentiment see significant growth, signalling positive.
South African homeowners show unprecedented confidence as sentiment index reaches 87% in Q4 2024, marking the highest level in a decade despite economic challenges. Property investment and buying sentiment see significant growth, signalling positive.
The Budget was postponed because of a controversial 2% VAT increase. With Minister of Finance Enoch Godongwana set to give the speech next week, property experts say a VAT increase would hit hard.