Hardie Property has been mandated to sell the 1 & 2 bedroom units at the newly developed Old Cape Quarter. Prices start from R5,200,000 with no transfer duty. For the investor, these units are already performing exceptionally well on short term rentals due to the central location and nearby amenities. To discuss the development and…
The city’s credit rating upgrade follows massive investment into infrastructure and improved revenue collection efforts. Here’s more … Cape Town is leaving the rest of South Africa in its wake, following a credit rating upgrade from Moody’s. This upgrade by the agency’s investor services sees the City of Cape Town jump from ‘stable’ to ‘positive’, reports Business Live .…
The industry is on the brink of a crisis as the PPRA persists in its stance on requiring ‘compliant ‘, not just valid, BEE certificates. Numerous agencies face the prospect of not obtaining compliant certificates and consequently losing their FFCs in 2025. The industry, already grappling with escalating interest rates and a stagnant housing market,…
We recently reported the PPRA’s intention to require valid, compliant BEE certificates to be submitted with the next round of FFC renewal applications in 2025 and with new applications with immediate effect. Every business property practitioner has needed to submit a BEE certificate to obtain their FFC since 2022. The issue now is that this…
There’s a clutch of new spots to try out! From an open-fire boma and a sizzling-hot Peruvian hotspot in the innercity to lazy lunches in the Winelands, Cape Town’s impressive foodscape continues to bulge, with new eateries popping up in and around the CBD, in the suburbs and as far afield as the Winelands. We’ve…
On Saturday, 6 April, Capetonians clinched the Guinness World Record for hosting the world’s largest gin-tasting event. The event was hosted by Two Gingers Premium Craft Gin and had 423 participants. Guinness World Records adjudicator Mbali Nkosi initiated the record attempt at 12:50pm while musicians including Sunset Sweatshop and Sons of Selassie entertained the crowd.…
Homeownership has stood as a beacon of achievement in the age-old narrative of success. But in this day and age, is the notion of renting for life – or even for an extended period – such a dire prospect after all? This choice, to rent or buy, bears weight not only on one’s immediate financial…
The second season of the hit property-themed reality lifestyle show, Listing Cape Town, returned to BBC Lifestyle this month. This time, Listing Cape Town will feature opulent homes from the Cape Winelands and Bishopscourt and offer a much-anticipated glimpse into the Mother City’s Millionaire’s Mile. Watch: As reported by Bizcommunity, Cape Town’s luxury residential market outpaced global…
Semigration is one of the latest property trends to hit South Africa in recent years. The trend saw huge numbers of individuals and families choosing to sell their inland properties and move mainly to coastal areas. This trend of semigration, particularly towards the Western Cape, has become more pronounced, offering some insights into the shifting…
Eskom’s latest price increases make it more attractive and sustainable for companies and households to generate their own power and kiss Eskom goodbye. Eskom is in a death spiral, where it continues to raise prices to make up for selling less electricity and, in turn, sells less electricity. From 1 April 2024, South Africans will…