South African home renovations transcend mere aesthetics; they stand as strategic investments for substantial financial gains. This Lion’s Head home is situated on The Atlantic Seaboard’s largest residential plot. Unless you live in an area that is super walkable and has public transport , you’re likely going to want a car in Spain. Having lived there for the better part of two decades, Sally shares her experience of buying a car. With hybrid work the new norm, the industry is betting on sedate suburban and small-town locations where employees of big companies go to escape their homes.

The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buyback. Home listings are rising in some suburbs in Adelaide, Melbourne and Sydney, but this may not be enough to pull prices down. A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

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Recent home buyers are selling up their properties in droves to cash in on the recent windfall or to get out of financial trouble. The bank upgraded its house price expectations for Perth, Brisbane and Adelaide as values there accelerate. Eventually, new infrastructure projects like the toll road from Gilimanuk to the airport will get built and make distant locations like Medewi more attractive. Reading the future of the Bali real estate market has proven a futile exercise in the past.

• Explore our collection of helpful articles and valuable tips to navigate the rental market like a pro.
• Investors continue to seek bricks-and-mortar assets leased to essential services tenants, with Fitzroys selling circa $15 million worth of supermarkets in just a few weeks.
• Almost a third of homes currently available for sale were also listed for sale in 2023 but failed to find a buyer, according to Zoopla.
• While the jump in housing supply will undoubtedly help to keep a lid on soaring house price inflation, buyers are still showing caution as mortgage costs remain near their highest in four decades.

So much so, that some owners preferred to leave their homes empty rather than renting them at rates that wouldn’t cover costs. Another risk factor in the property sector in 2023 is an increase in interest rates, which could also cause people to put off buying property. We believe that interest rate hikes will continue until the first half of 2023 but rates are expected to stabilize or decrease in the second half.