MortgageMax Digest I 06 December 2024

Dear Business Partners,

Welcome to your weekly roundup of newsworthy articles. Please share with your clients and developers so that they’re kept up to date with what’s happening in the market.

Your suggestions and comments are always welcome – we’d love to hear from you.

Enjoy!

The MortgageMax Team
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Goodbye Cape Town – why some South Africans are leaving the Western Cape

Despite the Western Cape being a migration hotspot for affluent locals and foreigners looking for better services and lifestyle, affordability is pushing some South Africans from expensive areas like Cape Town to more affordable towns in the Western Cape, or Gauteng for better employment opportunities.

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The province where South Africans are earning the highest salaries

Data from Stats SA shows that workers in Gauteng, on average, are paid the highest salaries in South Africa. South Africans are feeling increasingly optimistic about their financial prospects, with many expecting salary increases and an improved ability to manage debts in the months ahead.

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01

Why invest in Nelson Mandela Bay?

It’s the ‘Bay of Opportunity’ says Denise van Huyssteen, CEO of Nelson Mandela Bay Business Chamber.

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02

Optimism for residential property


Landsdowne Property Group, a managing agency is optimistic about the prospects for the residential market in 2025.

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03

A new R900m film studio in Cape Town

Cape Town is set to have a new film studio. The city announced this week that it had signed a lease for part of a City-owned property in Paardevlei, Somerset West.

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04

Lease granted to developer for refurbishment of ‘Joe Kools’

eThekwini Municipality has granted a 45-year lease to a developer for the major refurbishment of its ‘Joe Kools’ property (Erf 12281 Durban) located at 137 Marine Parade.

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05

How many times are you allowed to cold call the same homeowner?

Although considered a hit-and-miss effort, telemarketing by estate agents has long been used as an effective method to find properties for sale.


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06

Withholding water revenue is comparable to a security risk

Anthony Turton writes that the insolvency of the water boards poses a threat to the viability of the economy, making it a national security issue.

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Upcoming Events

Western Cape Property Developer Forum 12th Annual Conference

The 2025 Conference will be held at the CTICC in Cape Town, on Wednesday 4 and Thursday 5 June.

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The Reside Conference Sandton

The 3rd Annual Residential Investment & Development Summit is SA’s opportunity to bring together the entire residential value chain to share knowledge, collaborate and do business.

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