Non of the majority is benefiting at all. A simple 2 bedroom apartment outside the city is close to 1 million and over. A simple 3 bedroom house outside the city center is 2 millions minimum. Absolute madness
Cape town property is PUSHED by speculative investors. People who live in cape town aren't benefiting. You know it's bad when studio apartments cost over a million
While speculative investors are part of the market, many buyers are South African professionals and families moving to Cape Town for lifestyle and employment opportunities. Migration patterns show an influx of skilled individuals who contribute to the local economy and are not purely speculative investors. Local buyers still account for a significant portion of property transactions, particularly in suburban areas and mid-market housing.
How is this a good thing? Their intention is to price local Capetonians out of the property market, the locals will regret their love and openess toward foreigners with $ & £. They'll come crying to national government soon
Data shows that foreign buyers make up only a small percentage of property transactions in Cape Town. Local buyers still dominate the market, and rising property prices are largely driven by domestic demand and internal migration from other provinces.
While wealth migration contributes to demand, other factors, such as improved governance, safety, and lifestyle appeal, also play a role. The assumption that property prices are rising solely due to wealthy individuals oversimplifies the dynamics of the market. Many middle-class families and professionals also migrate to the Western Cape, driving demand in mid-range and affordable housing markets, not just luxury properties.
yet, the city of joburg and it’s candidate valuers, together with biased appeal boards, deems it fit to continue to over value properties in its desperate chase for revenue that’s not die to it. Time to take action !!!!!
The oversupply in Gauteng has led to stagnating property prices, which may benefit new buyers but negatively affects existing homeowners who see diminished returns on their investments.
@@OratiloeKhumalo-Ph.D For most people a home is not a financial asset/ investment but rather a shelter so for the overwhelming number of citizens, slow growth in property prices is good.
The claim that companies will soon move en masse to the Western Cape overlooks the strengths and economic realities of Gauteng. Gauteng remains a well-established economic powerhouse with a diverse economy, extensive infrastructure, a skilled workforce, and more affordable operating costs. While Cape Town offers some advantages, it is unlikely that businesses will abandon Gauteng in large numbers.
Emerging markets like Buffalo City and KwaZulu-Natal North Coast show that neither Western Cape nor Gauteng holds a monopoly on property investment potential, diversifying the focus of savvy investors.
The property market is surging in in the Western Cape but at the cost of the consumer. Many owners and agents are using this "surge" ripping of people in the Western Cape making money, rentals are far above real market values which is a very unhealthy economic situation and will eventually backfire on the owners. Properties are over valuated and will have a huge spiral effect on inflation and the cost of service delivery in the Western Cape. This will prevent job creation in the short term because the price of accommodation became unaffordable. This all happened become of the collapse of service delivery in the rest of our country because of the policies of the ANC apartheids movement. The same spiral happened due to the fall of the NP government before 1994 and many home owners got trapped in debt because of this evil. Evil spider web which will eventually catch a lot of property and the agents do not care, as long as they are making money. The way tenants are been treated by agents are nothing else than foolishness creating a gap between rich and poor. In some cases deposits of two to three times rentals which are absurd.
The increase in property and rental prices in the Western Cape is driven by high demand and limited supply, not exploitation by property owners or agents. This is a natural market phenomenon seen in attractive, high-growth regions worldwide.
Highlighted comment, can I remind you about what happened a couple of years ago when God the Almighty caused a draught to happen in the Western Cape, did you forget how you begged for a drop of water??? The next day is coming because of people like you with a smile on your face judging others, read Matthew chapter 7 friend!
Using the drought as a moral argument against current property market trends is misguided and counterproductive. Instead of drawing tenuous connections between natural disasters and economic policies, discussions should focus on practical, inclusive, and evidence-based solutions to address the challenges facing the Western Cape.
It is good, the current global affairs dictate the market. Especially in Israel and the USA where the Torah, the Word of God is the plan of the day and the future to happen, the only free foundation as declared by Elohim' in Revelation chapter 19! Enjoy your day, just remember, without water there is NO life, Yeshua is the Tree of Life as declared in Revelation chapter 22, not mammon, neither satan or the spirit of Beliham!
Non of the majority is benefiting at all. A simple 2 bedroom apartment outside the city is close to 1 million and over. A simple 3 bedroom house outside the city center is 2 millions minimum. Absolute madness
Cape town property is PUSHED by speculative investors. People who live in cape town aren't benefiting. You know it's bad when studio apartments cost over a million
While speculative investors are part of the market, many buyers are South African professionals and families moving to Cape Town for lifestyle and employment opportunities. Migration patterns show an influx of skilled individuals who contribute to the local economy and are not purely speculative investors.
Local buyers still account for a significant portion of property transactions, particularly in suburban areas and mid-market housing.
@@OratiloeKhumalo-Ph.DBS😂😂😂
How is this a good thing? Their intention is to price local Capetonians out of the property market, the locals will regret their love and openess toward foreigners with $ & £. They'll come crying to national government soon
Data shows that foreign buyers make up only a small percentage of property transactions in Cape Town. Local buyers still dominate the market, and rising property prices are largely driven by domestic demand and internal migration from other provinces.
@@OratiloeKhumalo-Ph.DBS😂😂
This is not news. It is to be expected. Those who hold most of the wealth migrate to westrn cape. This we know. Demand drives price increase
While wealth migration contributes to demand, other factors, such as improved governance, safety, and lifestyle appeal, also play a role. The assumption that property prices are rising solely due to wealthy individuals oversimplifies the dynamics of the market.
Many middle-class families and professionals also migrate to the Western Cape, driving demand in mid-range and affordable housing markets, not just luxury properties.
yet, the city of joburg and it’s candidate valuers, together with biased appeal boards, deems it fit to continue to over value properties in its desperate chase for revenue that’s not die to it. Time to take action !!!!!
Gauteng is overbuilt, which is good for consumers, Cape Town property prices driven up by foreign buyers and rich Gautengers.
The oversupply in Gauteng has led to stagnating property prices, which may benefit new buyers but negatively affects existing homeowners who see diminished returns on their investments.
@@OratiloeKhumalo-Ph.D For most people a home is not a financial asset/ investment but rather a shelter so for the overwhelming number of citizens, slow growth in property prices is good.
Please everyone go live in kakstad.
Im betting that companies will also move to the Cape and this guy will be wrong.
The claim that companies will soon move en masse to the Western Cape overlooks the strengths and economic realities of Gauteng. Gauteng remains a well-established economic powerhouse with a diverse economy, extensive infrastructure, a skilled workforce, and more affordable operating costs. While Cape Town offers some advantages, it is unlikely that businesses will abandon Gauteng in large numbers.
@OratiloeKhumalo 🤣🤣 yet the ANC continues to destroy it... Should we call Jhb south Harare?
@OratiloeKhumalo they will if Panyaza keeps destroying Gauteng which he is heading towards at full steam.
@@OratiloeKhumalo-Ph.D on another note, dont misquote me because I didnt say en masse
@@AndrewMcFarlane_1 call gauteng gaza no water
Emerging markets like Buffalo City and KwaZulu-Natal North Coast show that neither Western Cape nor Gauteng holds a monopoly on property investment potential, diversifying the focus of savvy investors.
BS😂😂
The property market is surging in in the Western Cape but at the cost of the consumer. Many owners and agents are using this "surge" ripping of people in the Western Cape making money, rentals are far above real market values which is a very unhealthy economic situation and will eventually backfire on the owners. Properties are over valuated and will have a huge spiral effect on inflation and the cost of service delivery in the Western Cape. This will prevent job creation in the short term because the price of accommodation became unaffordable. This all happened become of the collapse of service delivery in the rest of our country because of the policies of the ANC apartheids movement. The same spiral happened due to the fall of the NP government before 1994 and many home owners got trapped in debt because of this evil. Evil spider web which will eventually catch a lot of property and the agents do not care, as long as they are making money. The way tenants are been treated by agents are nothing else than foolishness creating a gap between rich and poor. In some cases deposits of two to three times rentals which are absurd.
It's called a free market. If you want to keep and grow your money then you need to be wise with it.
I'm sure property owners aren't complaining about increases.
What it will do is encourage developers to build more houses.
The increase in property and rental prices in the Western Cape is driven by high demand and limited supply, not exploitation by property owners or agents. This is a natural market phenomenon seen in attractive, high-growth regions worldwide.
Highlighted comment, can I remind you about what happened a couple of years ago when God the Almighty caused a draught to happen in the Western Cape, did you forget how you begged for a drop of water??? The next day is coming because of people like you with a smile on your face judging others, read Matthew chapter 7 friend!
Using the drought as a moral argument against current property market trends is misguided and counterproductive. Instead of drawing tenuous connections between natural disasters and economic policies, discussions should focus on practical, inclusive, and evidence-based solutions to address the challenges facing the Western Cape.
@@OratiloeKhumalo-Ph.DBS😂😂
Highlighted comment, not what I say! I am just a messenger, prepare yourself, the message have been delivered to whoever must read it! Buddy😅
It is good, the current global affairs dictate the market. Especially in Israel and the USA where the Torah, the Word of God is the plan of the day and the future to happen, the only free foundation as declared by Elohim' in Revelation chapter 19! Enjoy your day, just remember, without water there is NO life, Yeshua is the Tree of Life as declared in Revelation chapter 22, not mammon, neither satan or the spirit of Beliham!
Wtf are you saying buddy
You went 0-100 real quick 😂