Partners in Sandton property sales
If you intend on buying and investing in property offered for sale in Sandton, you’re making a wise decision, providing that you have access to the expertise of experienced upmarket property specialists, such as Fine & Country South Africa. The oft-quoted, fundamental rule of sound property investment, namely location, location, location, applies as much to Sandton as it does to any other suburb in any city in South Africa or anywhere else in the world.
Holding and increasing in value
Sandton is one of South Africa’s most affluent areas, which means that properties here are most likely to hold and increase in value for the foreseeable future. Providing that you get the location factor right, there’s always the option of upgrading and improving your property at some stage too, as numerous Sandton property owners have done over the years, since it’s highly unlikely that there’s any danger of overcapitalising in an area such as Sandton.
A few generations ago, the area now known as Sandton was a relatively rural place with large, leafy properties in the section that was to become the richest square mile in Africa, Sandton’s CBD. Beyond these sprawling properties, residents lived on smallholdings, commuting to Johannesburg city centre to work, whilst enjoying a gentlemen’s country estate type lifestyle on weekends.
Once developers began construction on Sandton City, the picture changed rapidly. Sandton became the new economic hub of the country, as large corporates moved here from Johannesburg’s inner city. Older properties and smallholdings that were offered for sale were snapped up by developers who sensed the immense potential of Sandton, soon to become and now one of the most sought-after and upgraded addresses in this country.
Determining current and future values
The fact remains that the area and location of any property for sale, including those on offer in Sandton, are major factors in determining its current and future value, selling price, and capital gain. In any property transaction, there are always variables too.
Buyers or sellers’ market
Is it a buyers or sellers’ market at any given time? Unless you’re a first-time property buyer, the effects of market conditions shouldn’t affect you significantly. First-time buyers do undoubtedly benefit from buying property at lower selling prices in a so-called buyers’ market.
Loss and gain
However, existing property owners who are selling one property to purchase another have a foot in both camps (buyers and sellers), so the effects of these two market concepts is negligible for them. What is “lost” on one hand, is regained on the other hand.
Fine & Country South Africa in Sandton
Fine & Country South Africa is the independent South African arm of the international Fine & Country Group, which has offices in more than 300 locations worldwide, assisting buyers and sellers in their upmarket property transactions in affluent areas. Our international exposure, which we extend to your properties for sale in Sandton, broadens the scope of your marketplace when selling or buying.
Our agents for Sandton have extensive local knowledge of much more than the brick and mortar structure you’re selling or buying, recognising that property and property transactions represent far more than just component parts. Property transactions and the relevant lifestyle factors are emotional, but very realistic affairs. Thus, our agents generously share their local knowledge and experience of living in Sandton with you, something which most other agencies don’t do.
As soon as you have a property for sale in Sandton or you’re seeking your dream home here, be sure to contact us at Fine & Country South Africa. One of our agents will be appointed to assist you, from day one, throughout the property sale/purchase process and beyond, if necessary. You’re in great hands with Fine & Country South Africa as your property partners in Sandton.