KZN floods spotlight destruction of sectional title housing schemes
The recent disastrous floods in KwaZulu-Natal have left a trail of death and destruction. Some 4 000 homes have been destroyed and more than 8 000 damaged.
The recent disastrous floods in KwaZulu-Natal have left a trail of death and destruction. Some 4 000 homes have been destroyed and more than 8 000 damaged.
Investment strategist, Magnus Heystek tells us that, buying a house is a clever idea but not to expect that house to appreciate or give us the capital we need to retire comfortably.
Following a season of unprecedented sales volumes, activity within the South African housing market has begun to subside, most likely because of the interest rate hiking cycle that started in November last year.
Property practitioners should sit up and stake cognisance of a new trend in the property market where young homeowners are leading an exit of the market.