News

There is nothing stagnant about the property industry and Private Property will keep you in the loop through its dedicated Property News portal. Important elements such as whether it’s a buyers’ or sellers’ market, industry trends, and property news specific to South Africa are covered in this section.

Market Industry Private Property South Africa
Pretoria East property market tops R8bn
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Pretoria East property market tops R8bn

There were 7500 property transactions worth R8bn in the Pretoria East property market last year. This outranks Sandton in both number of properties sold and total value generated.

Where is the most affordable housing in South Africa
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Where is the most affordable housing in South Africa

Find out where low income earners can afford to buy a house in South Africa.

Luxury Bedfordview home sold for record price of R30 million
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Luxury Bedfordview home sold for record price of R30 million

A top end home in Bedfordview was recently sold for a record breaking price for the area, and one of the highest ever on the East Rand.

Repo rate cut welcome, but time to get the house in order
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Repo rate cut welcome, but time to get the house in order

The surprise decision by SARB to cut the repo rate is good news for the property market but economic and political reforms are still needed.

Should I take my home off the market?
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Should I take my home off the market?

If you haven’t received a suitable offer on your house, it might be a good idea to take it off the market while you fix the problem areas that are putting off buyers.

Younger buyers are discovering Kommetjie
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Younger buyers are discovering Kommetjie

An increasing number of young buyers are making their way to Kommetjie, a charming oceanside suburb on the west coast of the peninsula.

Western Cape Property market losing steam
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Western Cape Property market losing steam

House price growth in the Western Cape, South Africa’s best performing region, is starting to slow down.

The average first-time buyer will need 2 years to save for a deposit
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The average first-time buyer will need 2 years to save for a deposit

According to BetterBond, home loan applications from first-time buyers continue to increase but their success is dependent on how financially disciplined they are.

Joburg’s ‘New North’ is booming
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Joburg’s ‘New North’ is booming

Billions of rands in new property developments and infrastructure has seen a huge appreciation in property values in the area.