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Correctly managed, buy-to-let properties can be one of the most attractive investment opportunities out there.
Despite the weak economic outlook, it would seem that the Cape Town property market is the exception to the rule as agents continue to cite stock shortages and buyers and sellers alike remain confident in the long-term value of homes in the city.
Although a worthwhile endeavour, deciding to take the step away from renting and towards owning a property comes with its own set of challenges.
A good credit record is essential when banks look at the financial history of a client
While there are certain benefits to owning full title property, the benefits of owning sectional title can possibly outweigh freehold ownership, says Michael Bauer, managing director of the estate agency IHPC.
Dr Andrew Golding, chief executive of the Pam Golding Property (PGP) group, says ongoing trends of urbanisation, migration between provinces and the growing appeal of smaller, more centrally-located homes.