Latest real estate news in Durban North view all news in Durban North
Market & Opinion
KwaZulu Natal's North Coast has made a comeback during lockdown
13 Aug 2020
After almost three months without the ability to buy and sell real estate, the property market has seen a flurry of activity since real estate became fully operational again. This resulted in the largest real estate group in Southern Africa, RE/MAX SA, reporting a record-high sales month of 2.38 billion in June. Certain regions within the group, namely KZN among others, stand out as being the forerunners for this recovery.
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Market & Opinion
Contained inflation made the case for an easing in the repo rate
17 Jan 2020
With limited, modest growth anticipated for the year ahead (2020), it encouraging that the Monetary Policy Committee saw fit to reduce the repo rate by 25bps in order to help kickstart the economy and foster increased confidence among consumers who are feeling the pressure of ever-rising costs.
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Market & Opinion
Frail care centres and a mix of residential and commercial properties on online property auction
15 Nov 2019
With a huge pent-up demand for retirement accommodation in South Africa – particularly with quality medical facilities on site – the availability for purchase of three separate leading frail care centres in upmarket retirement villages and three individual two-bedroom units offers lucrative investment opportunities for the savvy buyer.
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Market & Opinion
Signs that the residential property market is beginning to stabilise
08 Nov 2019
Until there is greater clarity on the prospects of a recovery in the local economy, the housing market, which remains resilient but is currently weighted in favour of buyers, is unlikely to enter another fully-fledged recovery.
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