Grove Properties


Our focus is to add value to every development project we are involved in by creating value for the developers.

We work closely with the developer/ professional team to ensure the market offering is attractive, well presented, well planned and priced to stand out from other projects as a cut above the rest.

With over 50 years of property experience, our team reaches across the wider Western Cape. We have developed our unique sales and marketing solution as set out below:

1.    What we mean by "Putting People First"

  • Our focus is on long term relationships based on respect, collaboration and mutual benefit.
  • Honest and ethical service guaranteed.
  • Trustworthy valuations and market insights to ensure correct pricing. Ensuring correct pricing and extras to meet sales targets.
  • Full disclosure to buyers to ensure no comebacks and minimize fall off rate on pre-sales
  • We go the extra mile with buyers from start to finish.
  • Full rental management offering for investor buyers.

2.    Custom, targeted marketing plan for each project:

  • Customised marketing plan to reach multiple types of buyers. Targeted social media marketing.
  • Diverse marketing avenues to ensure maximum exposure to potential buyers. Maximum exposure in the area, online, through social media and through our network.
  • Ongoing commitment to the project to ensure the long term success of the project.
  • Innovative input and plans to position the project offering correctly in the market.

3.    Specialised development marketing:

  • Large client database of over 6000, throughout the Western Cape including national investors.
  • Development sales specialists involved in each project working with local expert/s in a team.
  • Collaborative approach to market research to ensure the final product is the best fit for the market.
  • Over 15 years of commercial and residential development and sales experience.
  • Access to bulk and commercial buyers to help kick-start development projects.

"Value add" services include:

1.  Exceptional 3d renders and marketing plans.

2.  Interactive custom website for the development.

3.   Add customisation to the development offering to give buyers more choice. Tools to give buyers the option of seeing and choosing finishes and extras live. All agreed in writing upfront to streamline the process, while adding profit to the bottom line.

4.   Collaborative effort for the best results:

Our team approach will ensure maximum marketing exposure.

Decades of property and marketing experience in our team for the best possible results.

Support of our team of Commercial and Residential area specialist throughout the Western Cape. Access to specialised knowledge in our team as and when needed.

Development team that are focused on driving the sales with consistent focus to ensure ongoing sales. Willing to collaborate with other agencies to ensure sales targets are met.

5.   Mortgage partners:

Partnership with Better Bond to ensure quick approvals for buyers.


Office no: 067 400 6633


Factors supporting investment in the current property market include a competitive mortgage market and the lower interest rate cycle of the Reserve Bank of South Africa.


Since the last property boom (2003-2005), South Africa's housing market has shown continued resilience, despite the challenges of a halting economy.


Reductions in the repo rates has spurred on first time home buyers to enter the market which seems to be propelling property values in the lower to mid markets (R1.8 million and below), with most of the activity happening in apartments under R1.5 million. The ever-growing need for housing has created a favourable market condition for investors who are looking to buy and rent property in this price range.


As South Africa's higher education institutions have tremendously limited campus capacity, apartments in student areas also continue to be in high demand.


Developers are boosting supply to meet the current growing demand and so the market for apartments continues to outperform house prices. Low interest rates mean that buyers can afford 30% more than they did in January. With the onset of the pandemic more buyers prove to value apartments that offer safety and communal outdoor areas.


A number of factors are expected to continue to underpin current activity in the housing market. These include interest rates which are likely to remain at near-record lows this year, an ongoing large number of potential first-time buyers eager to gain a foothold on the property ladder, and financial institutions with a continued appetite to extend mortgages to home buyers.


The Western Cape's residential real estate market is not a homogeneous entity. Instead, it consists of many different suburbs and neighbourhoods - each with its own nuanced factors determining desirability and affordability. As an investor, we highly recommend that you partner with one of our Grove Properties Property Professionals who can give you specific advice on the property market in your specific area.

Every potential buyer should assess their financial situation carefully to ensure that they have the best chance of a successful bond application. We've put together some information about the costs involved in purchasing a property, which can be used as a guide.

Step 1: Clear as much debt as possible

Doing so before applying for a loan will help you to increase your credit score, which will in turn help you to secure a lower interest rate on your loan.

Step 2: Saving for a deposit is also ideal and will save you quite a bit of money in interest repayments.

Although there are 100% home loan options, especially for first-time buyers, the general guideline applies: The smaller the risk, the less interest will be charged. Financial institutions consider home loans to be less risky when a deposit is provided. Never underestimate the cost of interest, when applying for a home loan.

Step 3: Plan for the transfer and bond costs involved

Attorneys will be appointed by the property's seller in order to arrange the transfer of the property from the seller's name to the buyer's name. The attorneys will charge the buyer fees as mentioned below. They will also facilitate payment for the following costs:
Transfer duty
As of March 2020, any property above R1 million is subject to transfer duty. This is a tax paid by the seller to SARS in order to transfer the property into the new homeowner's name. This tax runs on a sliding scale and depends on the selling price of the house.
Conveyancing attorney fees
Attorney fees differ depending on the selling price and the attorney's firm. Ensure that you request a quote from the attorney assigned before proceeding with the transfer of the property.
Small fees  - these include deed office fees, postage, FICA, and other petties.


Bond initiation fee
The bank will charge a fee to process the bond application. Some banks charge a flat rate while others base their fee on the size of your home loan.
Bond registration fee
Bond attorneys will need to be appointed by the buyer or the buyer's bank to register the bond at the deeds office.
Miscellaneous costs
These include postage, FICA, and other petties.

This is a general example of the transfer and registration costs you can expect to pay if purchasing a property for about R1.2 million rand.

Attorney fees

R 24 545

Transfer duty

R  6 000

Small fees

R  1 220


R 32 865


Bond registration costs

R  6 145

Bond deeds office fees

R     438


R  1 100


R 7 683



R 40 548


Disclaimer: the above is simply an estimation to provide you with a guideline. It is in no way intended as a quote of any kind.

We are very excited to launch our partnership with Body20 Durbanville, Plattekloof, and Stellenbosch. Jacques and Maritha Grove are the owners of Body 20 Eikestad, Durbanville, and Plattekloof. As multiple business owners and parents of two young girls, we know the challenge of finding the time to train, eat healthily and sustain a healthy and fit lifestyle.

We have been amazed at all the lives we have been able to change through our training and wellness services. 

 Our passion is to help people improve their quality of life in a sustainable and practical way. 

 We have seen clients lose fat, build muscle, increase in confidence, regain mobility, reduce their pain and so much more over the last 5 years. We care about every one of our clients and track and customize your training to help you reach your personal goals. Our team of dedicated trainers really go out of their way to motivate and encourage every client to push themselves and their limits in a fun and personal way. Once you join our family you will never want to leave!"

Body20 offers a holistic solution to health and wellness. Training your body in an effective safe and sustainable way is a massive part in achieving and sustaining a healthy body and a high quality of life. 

Body20 training provides superior results in 20 minutes a week! Who can say no to that? We know that once you join you will never want to leave. The Body20 experience will change how you look at exercise forever.

Training is done in a private and controlled environment with a personal trainer to guide and motivate each client.  *Body20 offers a holistic solution to clients in addition to training.  Custom diets, progress tracking, and wellness coaching are all included in your membership.*  

We motivate each client to reach their goals and to become the best version of themselves with a limited time commitment.  

Visit ** to book your free session and find out more.

Should you wish to sell, buy or rent commercial property, you would seek the services of a Commercial Property Broker. Should you then require management of your property, you'd look for a Property Management Service. At Grove Properties, we are able to seamlessly provide you with both services. In fact, our Commercial Property and Property Management Teams support each other in order to provide our clients with the best possible advice and service delivery.
Our area specialists understand the property market in order to provide our clients with expert advice. This is key when calculating a market-related rental, a sale, or the strategic planning of your property portfolio.
Good tenant placements
Our database of vetted clients helps to ensure lower vacancy rates for the properties of our clients.
Maintenance and repairs
A well-maintained property can earn maximum rentals and reduce vacancy rates. Benefit from our services which include access to our network of preferred vendors.
We know that managing a commercial property requires a significant amount of time, effort, and expertise. The best way of ensuring the maximum return on your investment is by using the services of Property Professionals who fully understand the market in which your investment lies.

Contact Grove Properties on 067 400 6633 today for all your property requirements.

In recent years companies like Shoprite, Massmart and WebuyCars, have firmly established industrial warehouses for their businesses in the Northern suburbs. Companies like Fruit and Veg and Pepcor also have large headquarters in the north of Cape Town. We've reviewed some of the reasons why the northern suburbs has grown so rapidly in this property sector.

As the City and surrounding areas have become more densely populated, many people seem to be flocking to the northern suburbs in an effort to avoid the hustle and bustle of the city and the high property prices of the southern suburbs. The result has been an influx of residential and commercial growth in the north, which has been accompanied by significant growth of its infrastructure.

With its close proximity to major highways like the N1, N2 and R300, this area has become its own center for distribution and warehousing. The South African Railway and bus service have been the bloodline for the Northern suburbs for many years, with minivan taxi services filling in the gaps to reach all corners of its reach.

The northern suburbs has always offered excellent value for money and with pockets of undeveloped land, companies still have an opportunity to purchase and develop property specifically for their needs. With the large range of big and small industrial parks, as well as free-standing units available, businesses have a wide variety of property to choose from according to their every need.

Do you require an industrial property in the Northern suburbs of Cape Town? Contact Erhardt, our area specialist on 082454 6816 today, to find an industrial property to suit your business.

Montague Gardens - a modern industrial node

Cape Town offers a wide range of industrial and commercial areas. In most cases, the fairly large Industrial nodes have the words "Industria" depicted after its location e.g Epping Industria,  Airport Industria, Parow Industria, to name a few. With this modern Industrial node, however, the word "Gardens" has been used to describe it. This is just one indication of how multi-faceted and aesthetic this area was designed to be. 

Surrounded by commercial areas like Century City and Milnerton, as well as popular residential areas like Bothasig and Edgemead has put Montague Gardens on the map as a key location for employment and commercial activity.


Proximity to landmarks

19km's from Cape Town's CBD

 18 km's away from Cape Town International Airport

16 km's from Cape Town harbour

The area is centrally located, as well as easily accessible from the N1, N2 and M5.

With public transport like MyCiti bus, Golden Arrow bus service as well as minivan taxi services readily available, the area has become well sought after for its convenience and accessibility.

All of the above factors have contributed to Montague Gardens becoming home to many major retail distribution centers like Woolworths, large warehouse retailers like Takealot, as well as outlets like Makro.

The area is also part on an ongoing upliftment project managed by a board of directors of the Montague Gardens Marconi Beam Improvement District. The management of the area's ongoing improvement has lead to an overall increase in property investor's interest in the area. 

Although the area comprises mostly of warehouse and distribution units, you will also find an impressive variety of light industrial units, showrooms, secure parks as well as office complexes.

Contact Mark on 083 634 6600 for assistance in finding the right property for your needs in Montague Gardens.

The world is changing, and so are the needs of many businesses. Should you require flexibility in terms of your office size or lease period, then a serviced office could be a suitable alternative for your business.

A serviced office will provide you or your business with the services, equipment, and infrastructure it requires, without the restrictions of a long term lease. You can rent a desk or a private office at any one of the thousands of centers. With a membership, you can gain access to a professional office space in any of the major towns in the country, which is ideal if you travel for business.

Services available:

  • Various options from R1000 a month
  • Friendly reception team
  • Communal areas shared
  • Furniture provided
  • High-Speed Wifi provided
  • Meeting venues provided
  • Staff can work from a center closest to them
  • Flexible terms, from 1 hour to as many years as required
  • Space for 1 or 100+ employees
  • Adjust your requirements, as they change
  • Customise your workspace, should you require
  • Access to parking

Provide your team with a place to thrive. Contact Grove properties today on 067 400 6633 to arrange a quote according to the needs of your business.

One of the many benefits of investing in 12J compliant property funds, is the large tax deductions. Here are some details regarding this tax saving investment vehicle.

What is Section 12J?
The South African government added Section 12J to the Income Tax Act in July 2009 as an incentive to stimulate funding for Small to Medium Enterprises in South Africa. Section 12J investments allows the investor up to a full deduction of the total investment amount from their taxable income for that tax year.

Why invest in 12J property investment projects?
A 12J property investment not only saves the investor tax but also earns the investor dividends as well as capital growth on their investment.

Ways in which you can invest your tax rebate in property:
1. Invest by purchasing a property from a Property Investment Company's list of pre-approved 12 J projects.
Your tax rebate should cover your deposit.
You can then apply for a bond for up to 95% of the purchase price or finance the balance from your own resources.
Any rentals on the property will be used to service the bond and all profits are paid to you.
2. Invest in a 12J Property Investment fund and become a partner.
Your tax rebate should cover the majority if not all of the money required for the investment.
You do not need to qualify for a bond - the fund will take out finance to cover the balance and will cover any shortfalls should they occur.

The fine print:
In terms of Section 12J, the Investment Company or Venture Capital Company (VCC) must be registered as a Section 12J company with SARS in order for the investor to receive the Section 12J benefits.
The investor is required to keep their money invested for at least five years or they would have to pay back the tax deduction.
Grove Properties have partnered with Flyt Property Investment in order to offer property for sale in terms of Section 12J.

Contact our offices on 067 400 6633 for more information.

Gone are the days when long transits into Cape Town's CBD were essential. Instead, Bellville, the second-largest office node in the Western Cape, has become the CBD of the Northern suburbs.

Many large organisations like Vodacom, Sanlam, and Cipla, have established their head offices in the North while many smaller corporations have followed their lead.

With its offering of affordable property, excellent access to railway and bus transport, its renowned schools, and tertiary institutions, many find that there is little need to venture beyond its borders.

On the other side of the N1, the Tyger Valley area even boasts its own Waterfront! This state of the art development offers AAA grade offices, trendy shops as well as top restaurants. Scattered throughout the region are more affordable A, B and C Grade commercial spaces that are modern yet charming. Tyger Valley also offers the most beautiful backdrops which include golf courses, vineyards, waterfalls or even nature reserves.

There is little doubt that it would be hard to provide your clients and staff with a better environment in which to excel than in the North. Security, more parking, easy access to public transport and amenities are all part of the deal as hustle and bustle gives way to fresh air and a better environment in which to work.

Should you have an office in the City and wish to reallocate to the North, or you should wish to view some spectacular offices, contact Corlia Oliver,  who will gladly assist you in finding the right property for your needs.


A recent wealth study shows some 680 000 mass affluent - or what can be considered upper-middle-class individuals with net assets of US$100 000 or more - are living in South Africa.

"Most of SA's wealthiest individuals are based in Johannesburg (Sandton especially), Cape TownUmhlanga and Pretoria," says Andrew Amoils, head of research at New World Wealth. 

The current state of the SA wealth market was recently reviewed in a collaborative study by wealth intelligence firm New World Wealth and luxury lifestyle development Steyn City. According to the study, South Africa is home to over twice as many millionaires (HNWIs) as any other African country.

The country ranks 30th in the world by this measure, ahead of major economies such as Greece, Portugal and Turkey. In addition to the 680k mass affluent individuals who have a residence in SA, approximately 35,000 millionaires, each with net assets of US$1 million or more, also live in SA. Add to these some 1,800 multi-millionaires each with net assets of US$10 million or more, 86 centi-millionaires each with net assets of US$100 million or more and just 5 billionaires each with net assets of US$1 billion or more - either live in SA or have property here. 

Things that attract HNWIs to SA include:

  • Lifestyle aspects: weather, beaches and scenery.
  • A large free media which helps disseminate reliable information to investors. This sets South Africa apart from most other emerging markets worldwide.
  • One of the 20 biggest stock exchanges in the world (by market cap).
  • A well-developed banking system and large fund management sector.
  • Hub for doing business in the rest of Africa.
  • Luxury food stores such as Woolworths, which appeal to wealthy consumers.
  • Exclusive areas such as Umhlanga Rocks and the Atlantic Seaboard in Cape Town.
  • Top-end estates and apartments.  
  • Good transport infrastructure.
  • World-class shopping centres such as Gateway, Sandton City and the V&A Waterfront.


SEE: Emerging property trends for 2021 | Low interest rates will continue to drive the market

SA is said to be a global pioneer in estate living and is home to many of the world's best lifestyle estates - also a major draw-card for these HNWIs. New World Wealth estimates that over 45% of SA HNWIs either live or have homes on estates. "An additional 30% have homes in luxury apartment blocks, which have been the fastest-growing residential segment in SA over the past 20 years in terms of price growth." 

Estate living continues to buck the trend in the property market, offering security, exclusivity, and myriad facilities which now often include schools, shopping malls and in some cases a beach.

Not too long ago, the primary drawcard of residential estates was the peace of mind afforded by enhanced security with a handful offering the additional benefit of a golf course, but the traditional model has evolved, with a proliferation of lifestyle estates now catering to myriad lifestyle preferences. 

In a forecast for 2021 Property Trends, Amoils says he believes "more top-end lifestyle & golf estates will add apartments onto their offerings, with a move away from houses, while parkland and eco-estates with nice parks, birdlife, walks and trails will become more popular".

SEE: Bold, fresh and ultra-modern estate homes

With more and more people making major lifestyle changes in recent years, developers have augmented their offerings to cater to these needs and, as a result, not only do most estates now offer additional amenities, in many instances, they are more like integrated villages than residential developments. 

Steve Thomas, Secure Estate Specialist for Lew Geffen Sotheby's International Realty in Constantiaberg, says, "It's become increasingly common for an estate to at least offer a clubhouse or fitness centre and one or two sporting facilities, and many now also offer restaurant and retail components and some are even adding schools."

Steyn City leading the charge in Gauteng

In Gauteng Steyn City, although not yet complete, already offers residents a choice of restaurants and delis, an 18-hole Jack Nicklaus designed golf course, an equestrian centre, tennis, cycling tracks, parkland facilities, gyms and an aquatic centre to name but a few.

According to Philip Myburgh, Co-Principal for the group in the Greater Fourways area, the estate is fast becoming extremely popular for its security, exclusivity, and myriad facilities which will also include schools, a shopping mall and even a beach once finished.

"This is most certainly becoming the place to live and be seen and we receive enquiries from across the board, however, the estate is an exclusive one and is pricey to get into although, considering all the on-site facilities and exceptional quality, it offers excellent value for money." 

Ultimate merging of Pearl Valley and Val de Vie in the Western Cape 
The first being the merging of Pearl Valley and Val de Vie a few years ago. This sought-after estate now offers upmarket multigenerational living with a luxury retirement component included and a host of world-class facilities including restaurants, sports centres, a business centre and equestrian centre. 

Garden Route's Fancourt sets the benchmark for Golfers

Fancourt is located in George on the Garden Route. It is undoubtedly South Africa's top estate for golfers, with three highly rated courses on one estate. The two original courses (the Montagu and the Outeniqua) were built in the early '90s, while the world-famous Fancourt Links was added in 2000.

There are several different residential areas on the estate including Colonial Lodges, Cape Dutch Homes, Oakland Residences, Links Avenue Properties, Links Ridge Properties and Montagu Ridge Properties. House prices on the estate range from R3 million to R50 million.    

'Increasing number of estates that cater to niche markets'

Thomas adds that there is also an increasing number of estates that cater to niche markets, such as eco estates and equestrian developments.

"Traditionally, buildings were purposely designed to separate and insulate us from nature, but we are becoming increasingly aware of the myriad benefits of being in a natural environment.

"People are not only wanting to escape the congestion of city living but are also in search of a more tranquil lifestyle in closer harmony with nature, and there has been a notable move towards more environmentally conscious building and living.

"Additionally, the burgeoning demand for homes in secure estates during in recent years has precipitated a move from rampant development to sustainable, environmentally conscious building in this sector and we have begun to see a growing number of eco-estates, especially along South Africa's scenic coastal areas.

READ: Real Estate and the Economy | What can SA expect? 

"Estates like Stonehurst and Chapman's Bay have perfected the fine balance between ecological sensitivity and meeting the modern-day lifestyle needs of residents."

Ongoing densification has also led to the establishment of equestrian estates, and in the Cape Winelands, these have become more mainstream than niche in recent years, according to Chris Cilliers, CEO and Co-Principal of Lew Geffen Sotheby's International Realty in the Winelands.

"Equestrian people have a unique set of requirements. Not only do they want secure and carefree living for themselves but they also want a secure and healthy living environment for their horses with plenty of space and exercise facilities as well as safe areas for outriding.

"Most equestrian estates also offer larger plot sizes which appeals to people who prefer a more rural lifestyle.

"There are now a number of top-class equestrian estates in the region, including Val de Vie which also has polo fields, High Riding, Tre Donne in The Winelands, Wedderwill in Helderberg and Klein Zevenwacht in Kuilsriver."

She adds that parkland and wildlife estates with parks, birdlife, wildlife, walks and trails are becoming more popular, especially with city dwellers looking to enjoy a country lifestyle within a secure setting.

"For instance, sustainability has been at the heart of the Val de Vie's ethos since inception in 2004, and the estates 40-hectare biodiversity corridor rehabilitation program is designed to rehabilitate the area back to a more natural ecologically functional unit.

"It's now home to over a hundred bird species as well as small mammals such as duiker and African porcupines and 12 large lakes totalling 8 hectares are habitat for Cape clawless otters and a wide range of waterfowl and fish."

'Residential Estates will continue to buck the trend'

Thomas adds, "Residential estates have continued to buck the downward trend in the property market by consistently attracting buyers, despite the economic climate.

"Young families are especially increasingly drawn to secure lifestyle estates where their children can safely play and onsite amenities like fitness centres and sports facilities mean that people can also avoid additional driving to places like gyms and tennis clubs.

"Most estates also offer a great sense of community which has been lacking in traditional suburban areas for many years and those which offer multigenerational living and retirement facilities mean that families can also stay together and live in the same community." 

*NNW Note: "Wealth" refers to the net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities.

* Source Property24 

While this would traditionally signal strong demand for sectional title homes - the preferred property type among first-time buyers for the security, low maintenance, lock-up-and-go lifestyle and relative affordability - an interesting trend appears to be emerging, said Dr Andrew Golding, chief executive of the Pam Golding Property group.

"What is becoming evident in this new 'post-hard lockdown' environment is that freehold house price inflation has stabilised and is beginning to strengthen marginally, while price growth for sectional title homes continues to slow. For the year to date (Jan - Oct 2020), freehold house price inflation has averaged 2.6%, while sectional title inflation has averaged just 1.8%.

"This suggests that demand, in the post-lockdown environment, is stronger for freehold homes than sectional title homes - in a reversal of a long-term shift towards sectional title homes. It seems likely, however, that this demand is probably being felt less in the traditional, relatively more expensive suburbs and more in relatively affordable areas on the periphery of metro areas or in previous holiday and retirement towns."

"In some instances, we are seeing that some developers are converting one-bedroom apartments to two-bedroom units - most likely in order to allow occupants to set aside a dedicated space for those now able to work from home or provide extra space for an additional family member," said Dr Golding.

For example, in Burmeister on Park in Milnerton on Cape Town's Western Seaboard, such is the demand for two-bedroom units that the developers have reconfigured one-bedroom units to two in order to cater for such buyers.

Selling for R2.85 million, the larger 80sqm, two-bedroom option is aimed at owner-occupiers and investors who want the convenience of the location along with the lifestyle, said Emarie Campbell, Pam Golding Properties area principal on the Western Seaboard.

"This trend towards two bedrooms rather than one makes good sense as a spacious two-bedroom, two-bathroom apartment is always in demand, while there are sufficient vacant one-bedroom units to buy and an over-supply of one-bedroom apartments to rent in this area.

"This is largely due to the fact that tenants have either moved into a share situation or back with their families as the fallout from Covid-19 and the lockdown manifests itself, while the traditional Airbnb market has come to a halt."

"In Stellenbosch two-bedroom units have always been the most popular, although one-bedroom and studio units also perform well here, no doubt largely due to the accessible price point. A trend of students favouring living on their own is emerging too, as in this post-Covid environment, parents of students show a preference for the isolation opportunity which studio and one-bedroom units offer," said Katya Varga, assistant area and projects manager for Pam Golding Properties in Stellenbosch and Somerset West.

"In Mzuri residential development in Somerset West, the developers have reworked their 132 one and two-bedroom apartment offering to 84 two-bedroom row-houses, pet-friendly and with small enclosed gardens, priced from R1.595 million including VAT and targeting millennials and first-time home buyers."

The Pam Golding Residential Property Index provides a breakdown for two and three-bedroom apartments (not one-bedroom) but here too the demand for larger apartments is apparent, with price outperformance of three-bedroom apartments over two-bedroom units, noted Sandra Gordon, Pam Golding Properties senior research analyst.

Growth in prices in this category shows that demand is outstripping supply, and it appears likely that there are fewer three-bedroom apartments on the market than two or one-bedroom apartments.

"For the year to date (Jan - Oct 2020), average house price inflation for three-bedroom apartments has averaged 2.04% while for two-bedrooms it has averaged 1.6%. However, the growing divergence in house price inflation between two and three-bedroom apartments is more apparent when looking at the latest data which reveals that three-bedroom house price inflation rose to 2.8% in October compared to just 1.9% for two-bedrooms."

The first of its kind, the development is unique to its location and due to limited capacity and land availability, it will be one of the final iconic high-rise buildings to join the Sandton skyline.

Balwin Properties CEO, Steve Brookes says their vision is to bring people from previously disadvantage areas into prime locations, the ethos behind their new concept 'Balwin Lifestyle Apartments'.

"Through this concept we can help more South Africans secure their own homes in an achievable way in a prime location such as Sandton. There is no doubt that strategically positioned properties, geared within the right price-point and supported by a modern, and in many instances, green-inspired lifestyle, are in high demand."

During the research phase of the developments, guiding insights revealed that most consumers and potential investors would prefer to live closer to work and play and they would like to live and work with like-minded individuals and to reduce transport and commuting costs where possible.

Wedgewood Sandton will introduce studio, 1 and 2-bedroom lifestyle apartments within a secure environment. Characterised by smart and efficient interiors, these apartments have been cleverly designed around the ergonomics of everyday movement to ensure the practical use of space. This translates from open doorways allowing for a streamlined flow from each living area, the functionally fitted finishes and appliances and the use of natural light. To create an adaptive home, attention has been given to every detail including the Smeg integrated applicates that are included with the purchase to the night lights at the bedsides.

 "With each entry-level development opportunity, we work on, we see how the demand has significantly increased and how it has proven to be a hugely successful investment for both developers and end-users. We expect to see this market segment lead the property industry, especially through the economic challenges experienced during and post-Covid-19," concludes Stefan Botha, Director of Rainmaker Marketing

#balwin #propertyinvestment #lifestyle #apartments #Residential #propertyowner #propertydevelopment

In the New World Wealth and AfrAsia Bank's mid-year wealth review - which includes a dataset of up to June 2020 - it was revealed that the United States, China and India have experienced an increase in wealth over the last decade, while many European countries like the UK, Germany, France and Italy have seen a decline.

According to the report, the richest countries in the world are:

- the United States

- China

- Japan

- United Kingdom

- India

- Germany

- Australia

- Canada

- France

- Italy

While we might not have broken into the top 10 of the world's richest countries, South Africa tops the list as the richest country in Africa. Egypt and Nigeria follow in second and third place respectively. Morocco, Kenya, Ethiopia, Tanzania, Ghana, Angola and Mauritius round out the top 10.

South Africa has the highest total wealth held by high net worth individuals (HNWIs) on the continent, and holds a total $552-billion in wealth.

According to the report, there are 33 300 dollar millionaires in South Africa, which includes 1760 multi-millionaires, 80 centi-millionaires and five billionaires. According to Business Tech, the average HNWI in South Africa is worth $16.6 million.

Within South Africa, Johannesburg ranks as the richest city, followed by Cape Town in second, Franschhoek, Paarl and Stellenbosch in a collective third and Pretoria in fourth place.

Data reveals that HNWI wealth in South Africa has decreased by 18% over the last decade, but is projected to grow 30% over the next decade.

Published by  on October 26, 2020

As the fallout from the pandemic and lockdown continues to hurt the local economy, a similar impact was expected on the residential property market, with expectations of a contraction in home prices.

Instead, prices are climbing. The latest FNB House Price Index (HPI) shows annual house prices rose by 2.8% in the year to August 2020, up from 1.8% in July.


Surprisingly, the average time a home stays on the market before it is sold has shrunk to only 10 weeks and six days - from 13 weeks and four days in the first quarter of the year. The long-term average is 13 weeks and three days.


There has been an unexpectedly rapid recovery in market activity since the easing of lockdown restrictions, FNB said in a statement, with signs of "buyer exuberance" thanks to the lowest interest rates in 50 years, lower prices in some (mainly affluent) suburbs and lower transfer duties.


These factors have lured renters and first-time buyers into purchasing property, says FNB. Data from the Deeds Office shows that younger buyers (below 35 years) now account for 43% of residential sales, from 38% in 2019.


As more people move from being tenants to owners, this is piling even more pressure on SA's struggling rental market. Demand for rental properties is at a record low, while the supply of properties is still high, reports the Tenant Profile Network, a credit bureau that tracks tenant payment behaviour. Almost a fifth of residential rental properties in Sandton, Soweto and eThekwini are now standing empty.


"Our initial expectations were for the pandemic to have a more chilling and lingering impact on [home-buying] activity, with demand picking up only later this year and extending into next year. In contrast, the FNB mortgage applications data, combined with data from mortgage originators, shows volume of new mortgage applications have surpassed pre-lockdown levels, reaching new highs in the last three months," FNB said in a statement.


The busiest segment is for homes between R750,000 and R1.6 million, with 72% of estate agents in this market, who were surveyed by FNB, satisfied with the current conditions. The higher end of the market - above R3.5 million - is struggling more, with only half of estate agents satisfied.


Recent data from Lightstone shows that properties in the coastal provinces are outperforming, with average house prices in Gauteng only increased by 0.8% in the year to July, but the Western Cape (+4.4%), Eastern Cape (+5.4%) and KwaZulu-Natal (+5.0%) are seeing stronger growth.


FNB cautions, however, that there is still a great deal of uncertainty about whether the current buoyant conditions will last - with only half of all estate agents expecting that activity will increase over the next three months.


Lenders are also still cautious, given that more job losses are still expected, and South African Reserve Bank (SARB) data shows the pace of mortgage extensions have remained stable at around 3% in the year to August.


"There is still a great deal of uncertainty around the lasting impact of the pandemic. In particular, our expectation of a significant weakening in labour market conditions implies that there will be greater downward pressure on house prices in the medium term," FNB said.


This article was first published on on 21 September 2020

Although respondents continue to be concerned about the economic outlook, this concern has continued to drive them towards property ownership overall - with more considering it a good time to buy property and a bad time to sell property.

"The market continues to be favourable for buyers, with the current interest rates and property prices being the prominent drivers for this sentiment

"The highest overall confidence in the property market is amongst respondents who have never owned property before. While all the respondent segments agree that it is better to buy rather than to rent, current renters had the smallest increase in the sentiment to buy vs rent."

Absa said it has seen a shift in the key driver of why respondents are choosing to invest in the market - moving away from being based on seeing property as a good investment, to a focus on the low prices in the market - a trend that has continued in Q2 2020.


According to the latest edition of the State of Cape Town Central City Report 2019 - A year in review (SCCR), property investment of almost R14bn underpins the CBD's resilience in the face of the devastating health and economic effects of the Covid-19 pandemic.

Published on Wednesday, 7 October, by the Cape Town Central City Improvement District (CCID), the report noted that the Central City "held its own quite remarkably" in the year under review, despite 2019 being "incredibly difficult", according to CCID board chairperson Rob Kane.

Says Kane: "Stakeholders and investors in the CBD have had to cope with the aftermath of the 2018 drought and subsequent water crisis, ongoing load shedding and a tough economic climate."

Five-part section on on 'Surviving Covid-19'

Though the coronavirus pandemic falls beyond the ambit of the SCCR report, a five-part section of the report is devoted to reflections on "Surviving Covid-19" by Wesgro CEO Tim Harris, Economic Development Partnership CEO Andrew Boraine, HTI Consulting CEO Wayne Troughton and economist Brian Kantor of Investec Wealth and Investment and Arthur Kamp, chief economist, Sanlam Investments.

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