In SA, any property sold for more than R600k is subject to transfer duty. But why is this necessary, who benefits and who ends up paying?
Foreign buyers of prime residential property have made a welcome return to the South African market, with African buyers growing in numbers.
Collaboration between professional bodies across all areas of the built environment promises to yield significant economic dividends.
With the proposed land policy, it’s unlikely there will be large foreign investment into South Africa's commercial and industrial property markets.
Nigeria has begun construction of Enugu Lifestyle City while Suites in the Skai in Dubai is one of the most ambitious developments yet undertaken.
Blouberg in the Western Cape is emerging as the next possible hotspot for wealthy overseas property buyers, particularly from the UK and Europe.
Imagine living with no high walls... the massive development along the Jukskei River promises safe urban living amid 1000 acres of woodland.
The world’s super rich are growing in numbers and fuelling demand for property in luxury residential enclaves, including SA's upmarket hotspots.
Popular second home millionaire hotspots include Fancourt, Pezula, Arabella Country Estate and others, all on the world famous Garden Route.
The Oppenheimer family has been the richest family in SA for three generations and have always been involved in many philanthropic activities.
Built over 15 years ago, top pioneer golf estate properties in South Africa are Fancourt, Erinvale, Sunset Links, Steenberg, Pecanwood & Dainfern.
Cape Town was the top ranked African holiday hotspot, 47th on the global list, and Monaco tops the list in the Top 20 holiday hotspots for the rich.
Pearl Valley in the Western Cape is arguably the best all round golf estate in the country, with one of the top 5 golf courses and designer homes.
The UK was the top beneficiary of HNWIs from abroad with Singapore second, and London in particular has become a hub for moving millionaires.
The Western Cape is home to some of the most expensive wine property globally, valued at more than US$80k per ha and owned by wealthy individuals.
Durban was the top performing city between 2007-2013 with wealthy individuals’ volume growth reaching 23% and 43% for the super-wealthy.
Rand weakness has become a significant 'downside risk' to residential property market performance and many have seen the value of their wealth dip.
For the time being, transfer duty revenue growth continues to reflect what has in recent times been a well-balanced and buoyant property market.
Buyers and investors willing to work hard in 2014 will find the commercial property market has opportunities, albeit fewer due to the slow economy.
The calculation of CPI inflation is of crucial importance for South Africans, as it determines the inflation outcome and change in interest rates.
House for sale in Kenmare R 1 080 000
House for sale in Sterrewag R 3 950 000
House for sale in Brackenfell R 1 395 000
House for sale in Valhalla R 1 600 000
House for sale in Longlands R 1 290 000
House for sale in Emmarentia R 4 600 000
House for sale in Murrayfield & Ext R 1 640 000
Vacant Land / Plot for sale in Olive Hill R 1 925 000
House for sale in Universitas R 1 680 000
House for sale in Linden R 3 400 000
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