Do entry-level apartment complexes bring down surrounding property prices?

There is a challenge to provide residential units that will cater to the means and needs of the wider populace.

Some people choose to live in a freestanding residential unit, while others prefer to live in a complex. Some do it not so much through choice, but due to economic circumstances.

Property developers need to strike a balance of providing both houses and apartment units, with the latter more geared towards first-time property owners or for those with limited income.

One will often find that a large tract of land will be divided and used to provide both types of housing, but what are the long term implications for those houses that are in close proximity to the apartment complexes?

There are some who say that the apartments are rented out indiscriminately and as a result, they become overcrowded and lead to anti-social behaviour in the area, leading to a decrease in property values for the nearby neighbourhood.

Property expert Steven Delit of Remax properties says this need not be the case, as it would depend on who buys the property and what their intentions are.

Listen to his interview with Kieno Kammies below:

Read More
LISTEN: Zuma uses the ANC - Solly Mapaila

LISTEN: Zuma uses the ANC - Solly Mapaila

SACP's Solly Mapaila says it is concerning how Zuma acts with impunity, disregarding the alliance and the party.

LISTEN: New SABC deputy chair says state capture, corruption will be aired

LISTEN: New SABC deputy chair says state capture, corruption will be aired

Deputy chairperson of SABC Board, Febe Potgieter-Gqubule explains the board's mandate in restoring confidence in the broadcaster.

2008: Regan Thaw recalls the xenophobic attacks in Dunoon

2008: Regan Thaw recalls the xenophobic attacks in Dunoon

As we celebrate 20 years of CapeTalk, EWN Desk Editor Regan Thaw recounts his experience of the 2008 xenophobic attacks.

Intellectually challenged Donna Chait defies the odds

Intellectually challenged Donna Chait defies the odds

A soon to be released SA documentary tells the story of this intellectually challenged woman who ran the New York Marathon.

Sassa says cards will be fully functional post expiry date

Sassa says cards will be fully functional post expiry date

Sassa spokesperson has reassured all social grant beneficiaries that all cards will still work beyond December 2017.

LISTEN: WC police responds to security concerns on Kloof and Long Streets

LISTEN: WC police responds to security concerns on Kloof and Long Streets

This follows the death of a man who was trying to defend two women from being mugged on Kloof Street over the weekend.

Popular articles
Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Eusebius Opinion: "Let go Kevin Pietersen, you do not own the school"

Eusebius Opinion: "Let go Kevin Pietersen, you do not own the school"

McKaiser responds to former SA, now England cricketer Pietersen's comments over Maritzburg College pupils holding EFF t-shirts.

Twitter is gobsmacked as Nigeria honours Jacob Zuma with bronze statue and road

Twitter is gobsmacked as Nigeria honours Jacob Zuma with bronze statue and road

During Zuma's visit to Nigeria, the Governor of the Imo State in Nigeria, Mr Owelle Okorocha, conferred an Imo Merit Award on him.

Minister Lynne Brown's partner scored R1.2 million contracts with Eskom

Minister Lynne Brown's partner scored R1.2 million contracts with Eskom

Sikonathi Mantshantsha says this revelation explains why Brown was reluctant to take any action against Eskom executives.

KZN school ordered to stop action against students with EFF shirts

KZN school ordered to stop action against students with EFF shirts

A letter has been addressed to the Maritzburg College principal after an image of the boys went viral last week.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.