New affordable lofts spark hope for Katlehong housing market
Sebenzile Lofts brings 21 affordable, modern rental units to Katlehong, offering hope for the housing market and empowering local communities.
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Sebenzile Lofts brings 21 affordable, modern rental units to Katlehong, offering hope for the housing market and empowering local communities.
Buyers over 60 are now spending an average of R2.4 million on a home.
Lower interest rates have boosted home-buying activity, with the BetterBond Home Loan Index up 21.8% since the low point in the fourth quarter of 2023.
'Buyers aren't just looking at square footage during views; they're coming in to imagine a lifestyle in the space.'
But experts warn that the market is overheated.
Foreign buyers in the Western Cape tend to purchase property for lifestyle and leisure, while those in Gauteng participate in the property market alongside local buyers.