Category
Published stories attached to the Residential category.
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Page 5 of 35
Stronger rental demand and lagging Gauteng house-price growth are pushing more Johannesburg owners to let their homes instead of selling when they move to Cape Town, though agents warn net returns are thinner than headline rents suggest.
Lagos State has allocated land to the Shangisha Landlords Association in Magodo GRA Phase 2, moving to enforce a 2012 Supreme Court judgment after a dispute that has run for about four decades.
Advertised house prices in Botswana's capital averaged P1.65 million in October, about R2.03 million, against R1.48 million in Johannesburg, though the Gaborone figure rests on just 29 listings.
FNB Namibia's second-quarter house price index shows the top end of the market rising fastest even as transaction volumes stall and residential plot sales fall 26.7% nationwide.
Soweto recorded almost R984 million in property transactions over the past year, but Seeff says rental demand is now the sharper opportunity, with two- and three-bedroom units priced at R450,000 to R750,000 delivering gross yields of 10% to 12%.
KAB Construction Limited is developing Lekki Courts, a 350-unit residential estate on Orchid Hotel Road in Lekki, Lagos, which its promoters say is being financed without bank loans or off-plan sales.
The studio apartments commissioned by the Abuja Property Development Company at Hilltop Residence cost N15 million, with a 10 per cent deposit equal to more than 21 months of gross earnings for a minimum-wage worker.
Parts of the Villaggio apartment building under construction in Accra's Airport Residential Area came down during heavy winds that preceded Wednesday's rain, causing panic among residents and passers-by.
Construction has started at the 39.6-hectare Valverde estate outside Somerset West, where land starts at R1.475 million and buyers must begin building within 12 months of purchase.