Estate Living Trends.pdf

Estate_Living_on_the_rise_April_2016.pdf
Preview of Estate Living Trends
🔗 Source: lightstoneproperty.co.za
📊 Size: 298 KB
👤 Author: Cindy Beets
⬇️ Downloads: 78

Summary

Estate property makes up 5.1% of South Africa's 6.2 million residential properties, accounting for 15.1% of the overall property market value, with the total Rand value locked up in the estate market close to the total value of all residential properties within the City of Johannesburg. The average price of a property within an estate is R2 million, nearly three times the national average of R700 000, with 9.9% of estate properties worth over R3 million and 29.7% valued between R1.5 million and R3 million. The top 10 most expensive estates are mostly located in Johannesburg, with Villa Santini in Sandhurst topping the list with a median value of approximately R17 400 000. Estate living is on the rise due to increased demand for security and investment opportunities, with developers incorporating lifestyle elements into estates to provide maximum value for investors.

Description

Estate property makes up 5.1% of South Africa's 6.2 million residential properties, accounting for 15.1% of the overall property market value, with the total...

Technical Information

  • File Format: PDF
  • File Size: 298 KB
  • Pages: 5
  • Language: EN
  • Author: Cindy Beets
  • Total Downloads: 78
  • Last Updated: 1 week ago

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