Commercial & Residential Property

Estate/Property Agents of Choice

Prime Commercial Property

For the Business Investor_ _ _

Modern Lodge & Spa

Award-Winning Modern Lodge and Spa for the Investor & Business Executive

14 Boekenhoutkloof,

Hornsnek Road

Pretoria

Price Negotiable

P.O.A.

Age/Ownership

15+ years

Bedrooms

Bathrooms

15+

Sq Meters

26,2ha

Built for the future.

This 17-bedroom, 15+ bathroom, Home, Lodge & Spa has an estimated 7,8ha with 26,2ha & having its own access to the Magalies Berg. A taste of your own little paradise away from the hustle & bustle of the modern rat race. Total of seven (7) buildings under approximately 1750 square Meters covered/under roof.

Extensive upgrades and thorough maintenance have kept this Home, Lodge & Spa in prime condition. Create an extremely comfortable living space. The business venture of a lifetime! For today’s health-conscious Executive and Investor.

Lodge & Spa For the Health Conscious Business Investor

Extensive upgrades and thorough maintenance have kept this home, lodge & spa in prime condition. Create a very comfortable living space. A business venture of a lifetime! For today’s health conscious Executive.

Team Lottering@Re/Max

Schedule a Private Viewing Today _ _ _

Re/max Real Estate Team:

0649521923 Ian R Lottering

0658107232 Joan E Lottering

lottering.ian2@gmail.com lottering.joan@gmail.com joan@remaxbluechip.co.za http://www.remax.co.za

065 810 7232 Joan Lottering

RE/MAX Blue Chip Realty HB Forum Building 13 Stamvrug Street Val De Grace Pretoria

Tel: – 012 481 3570

Gauteng

Pretoria, Gauteng 0084

South Africa

Site: – https://www.remax.co.za

Team Lottering

Allow us to be your Agents of Choice

“_By the way We are never too busy for any of your referrals _”

About The Agents.

Team Lottering are sales associates at Re/max Bluechip Realty. We are committed to assisting you with the selling and rental of your property to the best of our ability.

Sincerely

Ian & Joan Lottering

Team Lottering

Ian & Joan Lottering are Intern Residential & estate agents at Re/max Bluechip Realty. We are committed to assisting with the selling and rental of your property to the best of our ability.

Sincerely

Ian & Joan Lottering

Team Lottering@Re/Maxbluechip.co.za

Prime Commercial Property

3 Star Living
Available Immediately
Accommodation
Conference Facility
Public Lapa (Boma)
Spa & Guesthouse
Restaurant
Self-Catering
Weddings
Venue to rent
Year-End Functions

Following Potential

Team Building
Bar (Busy with license)
Hiking Trail
Special Events (Mother’s & Father’s Day, Women’s Day, Valentine’s etc.).

Amenities

Public Parking
Day Spa (Full or Half Day)
Swimming Pool
Fibre Internet
Able to accommodate up to three (3) functions a day

To name a few_ _ _

Phone Today for an Appointment to View

https://www.teamlottering@fertiileground.wordpress.com

Other Property Needed

Equestria

La Montagne Pretoria

Lynnwood

Lynnwood Glen

Silverton

Val de Grace Pretoria

Wilgers

Willow Glen

Oh, By the Way: – ” _ We are never too Busy to Receive any of your Referrals _”

First-time home buyers still dominate amidst favourable bank lending

Press • Jun 30, 2022

First-time property buyers continue to dominate activity in the residential market despite recent interest rate hikes according to the Seeff Property Group.

Samuel Seeff, chairman of the group says this is driven by the favourable mortgage lending climate and low interest rate which, despite the 125bps hikes this year, remains well below the pre-pandemic level.

Recent data from Seeff’s mortgage originator, ooba, shows that more than 50% of all home loan applications were from first-time homebuyers.

WATCH : What first time home buyers should consider when purchasing a home.

We can also still see the high levels of buying among younger people under 35-years of age reflected in the deed’s office data comprising over one third of activity over the last year in the metros and big cities. This includes Johannesburg (33%), Soweto (27%), East Rand (56%), Pretoria (34%), Cape Town (32%), Durban (31%), Gqeberha (30%) and Bloemfontein (35%).

Seeff says the residential property market is benefiting greatly from the best mortgage lending conditions since the introduction of the 2007 National Credit Act.

Home loan approvals are at the fastest rates in over a decade. Deposit requirements are now down to around 6% to 7% as the banks compete fiercely for a slice of the home loans market.

First-time buyers are still able to secure 100% bonds plus costs in many instances. Seeff says this has been an enormous benefit and buyers continue taking advantage.

Deeds office data shows that activity in the lower price bands continues to boom with about 80% of all transactions falling below R1.5 million. Lightstone recently reported that sales in the R700,000 to R1.5 million price bands hit a six-year high last year.

While national house price inflation has slowed to around 4.55% (5% to 6%) in the lower price bands, Seeff says this slow-down in house price growth adds to the favourable buying conditions in the market.

The fact that South African house price growth has been well below that of other countries following the huge pandemic-induced interest rate cuts globally over the last two years is one of the reasons why there is no overheating of the market or need to cool the housing market.

In a recent presentation to the Seeff National Convention, Kevin Lings, STANLIB’s chief economist, noted that the South African housing market is hugely undervalued and offers outstanding value.

He noted that this is why, despite the significant uptick in sales activity, there has been no overheating or a property bubble forming.

While, in view of an expected further 100bps rise during the second half of this year, buyers need to make provision for higher home loan repayments, Seeff says the rate will continue to favour buyers.

The residential market appears to have largely recovered from the pandemic-induced decline of early 2020. Despite a slow-down following the buyer frenzy of mid-2020 to mid-2021, the market continues trading at pre-pandemic levels.

Seeff says the market has benefited hugely from the Covid-19 pandemic and resultant interest rate cuts, says Seeff. The cuts have been an enormous boost and have enabled more first-time homebuyers to get into their own homes which is hugely beneficial.

In fact, Seeff has enjoyed two record years and the group could potentially end 2022 with another record year.

Seeff concludes that the outlook for the remainder of the year remains favourable and the market is still well-balanced with a steady flow of new stock. Buyers can still find excellent value and favourable home loans terms which is a huge positive for the market.

Writer : Gina Meintjes