Thanks to significantly improved domestic sentiment, faster growth in property prices (particularly in Gauteng) can be expected this year.
John Loos, household and property sector strategist at FNB Home Finance, says house prices could even possibly grow by more than 5%. This follows a weak period in house prices in many areas.
In the past decade, Tshwane’s house prices fell by 22.5% (after inflation), while Joburg prices are down by 24.1%. However Cape Town property prices continued to increase, with many areas now unaffordable to entry-level buyers.
This is reflected in our survey of what R2 million can buy you in different parts of the country.
It is sophisticated, and comes with a garden, but is not exactly a mansion.
Fantastic views of Devils Peak, Table Mountain and Lions Head and communal facilities include a roof top pool area and braai facilities – but this 45 square metres.
A family home close to the Musgrave Centre. It has an outside entertainment deck and features a "nutty brown granite kitchen".
This family home is 980 square metres and has 3 open-plan living areas that flow onto a balcony over looking two swimming pools and three braai areas.
This development in Steiltes offers three-bedroom homes with two bathrooms, an open plan living area with a modern kitchen and large patio. The estate offers solar panels and is pet friendly.
The property is being punted for the change to convert it into off-campus accommodation for students at the Sol Plaatjie University which is three kilometres away.
Homes in The Aloes Lifestyle Estate with two and three bedrooms; pre-landscaped.
The property is located near the University of the Free State and hospitals. The house has a large garden and apool with three upgraded bathrooms.