Property 24 posted an article on the 21st of December 2021 in which they relayed the total Residential sales transactions for the year and unpacked the various market trends in South Africa for 2021. They reported a staggering figure of R278 809 753 309 in value with a total of 267 832 properties transferred. These stats were obtained from a Lightstone report that records registrations in the deeds office and are therefore a true reflection of the actual figures and transactions for the year. Midstream Estate came out to be the No 1 Top Performing area in transaction volume in South Africa, with 696 transactions! With registered sales to the value of R2.15 Billion, Midstream Estate is also the 2nd Top performing area in the whole of South Africa for value of sales registered. The number of registered transactions can be broken up into a few different sectors of the greater Midstream market. The gross number of registrations came from the resale market which would include building packages and completed houses. These totalled about 380 registrations. The stands made up about 270 with the new phases of Ascend to Midstream and Retire@Midstream making up the balance of about 46 registrations.
The sales figures clearly show that If you can live and work anywhere it is making sense to buyers to buy in Midstream Estates and the underlying reasons once stacked up are what has resulted in us being at the pinnacle of value for money, quality of life and a desirable location.
Extractions from the Property24 article read:
“Despite the uncertainties surrounding Covid-19 and the ensuing lockdowns, the residential property market has proven to be one of South Africa’s more resilient sectors, despite the challenging trading environment”
“Performance across the various price bands show that upgrade homes in the high-value price band remained the most popular with some 98 675 homes sold to the value of R107bn, while luxury homes to the value of R99bn were also bought and sold.”
“According to Ooba, home buying and mortgage lending have thus far remained relatively immune to the pandemic and in fact have been boosted by the pandemic as a result of changed lifestyle and banking trends.”
“According to Ooba, local financial institutions remain optimistic about the outlook for SA’s residential property market, with the current lending environment remaining fiercely competitive- as evidenced by the softening of deposit requirements as well as lending rates”
“Gauteng dominated when it came to the top 10 suburbs by transaction volume, with Midstream Estate seeing the most transactions, followed closely by Bryanston. The West Coast suburbs of Table View and Parklands also narrowly outperformed transaction volumes in the central Cape Town”
Based on the insights we have gained into the residential property market, through this article, we can safely say that the forecast for 2022 is positive and full of investment opportunities. We also know that Midstream is one of the most lucrative markets in South Africa, the figures are proof thereof. Now it is up to each individual to maximize their personal return on investment whether it be financial or lifestyle orientated. The facts are Midstream Estate has the value offer to answer your every investment or lifestyle need. You need not look any further than the estate boundaries to grow your investment portfolio, have a safe environment for your family, send your children to excellent schools, have the best medical facilities, shop for your daily needs, be centrally located for work and play and the list goes on. These are the reasons why Midstream is at the Top of the list of the most sought after suburbs in South Africa. 2022 is going to be an exciting year with new developments on the horizon.
If you are considering expanding your investment portfolio or exchanging your cluttered lifestyle for luxurious simplicity then visit the weekly show days at Ascend to Midstream phase 4 where you can still buy a 2 Bedroom unit from R2.4mil with a single garage and R2.65mil with a double garage. The ultimate in luxury is still available in the large 2 and 3 Bedroom units ranging from R3.9 mil to R4.55 mil. Occupation of these units is set for April of this and will coincide with the completion of the brand new Ascend to Midstream Club with outdoor lounge, gym and 20m swimming pool.
Retire@Midstream is about to start construction of the next phase of Ext 55 and eager buyers have already bought some of those units off plan. Also On Show every weekend, interested buyers can view the completed units that are for sale and the plans of the new units under construction. The units start from R2.45 mil for a 2 Bedroom unit with 2 Bathrooms, a single lock-up garage and a private garden. The large 2 Bedroom units with a garage and carport of double garage range from R3.25mil to R3.85mil. Retire@Midstream specialists are waiting to assist you with any information about Retire@Midstream that you may need.
Bondev plans to keep Midstream great again with the expansion of the current developments and the addition of more community facilities. We wish you all in Midstream Estates a prosperous 2022.
maureen@midteam.co.za
