Soweto’s bustling residential property market

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Khosi Sibiya, joint-licensee of Seeff Soweto, says South Africa's biggest township saw over 2 000 property transactions worth over R1.1bn last year, and talks about being a role model for aspirant estate agents.

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW Welcome to The Property Pod, South Africa’s premier property investor podcast. On this weekly podcast show, we gain insider insights from leading executives, analysts, developers and entrepreneurs in SA’s property industry.

To share more insight into this and what’s happening in Soweto’s residential property market, Khosi Sibiya is on this latest podcast. Sibiya is one of the licensees of the Seeff Soweto branch, together with her business partner, Phindi Mphahlele. “Although buyers are struggling due to the higher interest rates, Lightstone shows that well over 2 000 property transactions worth over R1.1 billion have been recorded for Soweto over the past year. Soweto is a great place for affordability and first-time home buyers who can later sell or rent out, buy something bigger, or move to better suburbs.

“ in this industry for 20 years now. In 2005 I joined Property Realty, and then I joined another company. Seeff was not at that time on my mind. I worked under Realty, then we joined another company in 2007 … Now I’ve been Seeff for almost 14 years, but 10 years back, I was working as a real estate agent.”

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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South Africa's Residential Property Market to Lose Value in 2024Lightstone's forecast for South Africa's residential property market in 2024 shows that property owners will be losing value on their property in real terms by the end of the year. The forecast is based on projected economic conditions and assumes interest rate cuts in the third and fourth quarters.
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