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The South African government has announced a comprehensive strategy to address the issues of hijacked and abandoned state-owned buildings, aiming to improve safety and security while providing solutions for illegal occupants.
The Department of Public Works and Infrastructure is launching an unprecedented strategy to reclaim over 1,600 hijacked and abandoned government buildings across South Africa. The plan includes early detection systems, 48-hour eviction protocols, arrests of illegal occupants including undocumented foreign nationals, and inter-governmental coordination to address what officials describe as 'insufficient and ineffective' current measures.
Cape Town's property market is not only outperforming Johannesburg's but also attracting more out-of-town buyers, signalling a significant shift in South Africa's real estate landscape.
Johannesburg's property market sees a R1 billion surge as professionals abandon remote work in the Western Cape, drawn back by career opportunities and Sandton's thriving corporate hub.
A market product needs to be developed for this segment of employees so that they can also become homeowners, say the experts.
Only a small percentage of South Africans who are single and work can afford a home worth R1. 3m
The portfolio achieved an average rental rate increase of 4. 1% year-on-year.
To ensure more private sector investment, policies need to change including those related to evictions and foreclosures - expert
As South Africa's residential property market shows signs of recovery with house prices rising, experts warn that affordability challenges remain, particularly for first-time buyers. Discover how economic factors are influencing the housing landscape and what options are available to new entrants seeking homeownership.
After a long legal battle, a Parklands homeowner sees hope as the Western Cape High Court orders the eviction of an illegal occupier, allowing him to reclaim his property.
An Italian property mogul and her husband claim their neighbour has breached building height regulations, obscuring their scenic view.
A new report shows that in just over 30 years of democracy a quarter of white-owned farmland was restored or redistributed to black South Africans
In court, the sister argued that her siblings financially depend on her, once evicted, they will become her financial burden.
The Free State and Northern Cape region had outperformed the rest in the recovery stakes, with the Western Cape in second position with a year-on-year increase of 35% in the number of home loans granted. A total of five regions recorded double-digit growth during the past 12 months.
January’s share price performance underscored investor concerns, and South African REITs saw a 3. 6% decline in January, underperforming the broader equity market, which rose 2. 3%. The equity market was driven by strong returns from the precious metals sector and the modest 0. 4% gain in the bond market due to attractive real yields in South Africa.
New property investment trends are growing in South Africa as investors are tapping into the growing demand for coastal homes to build wealth. According to data from Standard Bank, one in eight mortgage applications nationally over the past year were for buy-to-let properties. Western Cape is leading the pack in property investmentThe Western Cape has come out at the forefront as the leading hotspot for property investors, with 31% of new home loan applications in the province linked to buy-to-let. . .
The effect of rising transport costs directly impacts household budgets and the disposable income available for home loans and costs associated with purchasing property, says property expert.
As students begin their searching for accommodations ahead of the 2025 academic year, scammers are are increasingly using Facebook to lure students.
While land reform remains a crucial national imperative, the new Expropriation Act introduces significant risks that could undermine property rights, deter investment, and create economic uncertainty - Sapoa
Just hours before President Ramaphosa is set to address South Africans in the SONA, many South Africans still don’t even have title deeds to their homes - which means they will never be able to create generational wealth. Added to that ailing municipalities and clunky red tape is hampering the affordable housing sector and White Papers don’t address important sectors.
And, retail developments are likely to follow in areas where residential growth occurs, says economist John Loos.
In a response to Independent Media Property enquiry, the estate agency’s CEO Richard Gray, said if municipalities continue to fail in this respect, it will directly impact the value of properties, affordability and the availability of housing a few years down the line.
A weakened rand, import costs, and inflation pressures: How Trump's economic policies could affect local real estate.
The new Act is very specific in terms of the conditions for expropriation, and, importantly, the protection of the “property clause” under Section 25 of the Constitution remains in place, says Seeff. Others agree, saying it is not, on the face of it, the disaster some say it is.
Discover how the new Expropriation Act affects residential property in South Africa and what it means for buyers and sellers in 2025.