SA estate market stable - Geffen
With the real estate markets in the US and the UK abuzz with speculation that a second housing bubble burst could be on the way
Demand for holiday rentals boosts buying to let on Atlantic seaboard
AN INCREASE in short-term rental demand that far out-strips the 10.5 percent growth in property value along Cape Town's Atlantic seaboard means buying to let has become an increasingly viable option for investors, says Lew Geffen, chairman of Lew Geffen Sotheby's International Realty.
Expect to sell quickly, stay put longer
Home sellers in the luxury sector of the market should now make sure their sale agreements allow at least six months for them to find and buy their next home.
Now is the right time to buy
Sellers immediately want more for their properties, while buyers still want to pay recession prices - this is always the scenario when a real estate market starts to turn upwards.