Carey Neal Wakefields Property Professional

21/10/2026

21/10/2026

Durban’s beachfront could soon welcome a new family entertainment destination, with the proposed R980 million Durban Amusement Park reaching a significant milestone on the road to construction.
Read on https://tinyurl.com/5c57e9cc

20/10/2026

HOW LONG DOES A PROPERTY TRANSFER TAKE?

Selling or buying a property? One of the most common questions is: “How long will the transfer take?”

In South Africa, a property transfer typically takes around 8–12 weeks, depending on factors such as how quickly the required documents are submitted and how long it takes to obtain the necessary municipal rates clearance.

Once the transfer is lodged at the Deeds Office, registration generally takes around 7–10 working days.

Remember: Every property transaction is different, and delays can occur if outstanding documents, certificates or clearances are required.

Understanding the process can make the journey to registration a whole lot smoother.

Buying or selling? Your Wakefields agent is here to guide you every step of the way.

19/10/2026

The South African Reserve Bank has increased rates by 25 basis points, taking the repo rate to 7.25% and prime to 10.75%.

16/10/2026

🏡 Showday Alert! 🏡

Looking for a spacious level Simplex at Glenashley, Furn Ridge Complex!

Don't miss out on our hottest listing on-show this weekend! 🌟
Date: Sunday October 2026
⏰ Time: 14h30 - 16h930

Join our property practitioners for a tour and see why this property is the talk of the town! Our Wakefields experts will be on hand to answer all your questions and help you find the perfect home.
Please follow the Wakefields on show boards from the corner of Umhlanga Rocks Drive and Ashley Avenue into Burne Crescent. Please call Carey for access on 0845000402. Looking forward to showing you around Carey.

See you there! 🏠✨

16/10/2026

14/10/2026

Joburg's first skyscraper is up for sale!

Corner House, completed in 1903 in the heart of the C*D, has hit the market for R117 million. This nine-storey landmark features imported Bela-Bela stone cladding and stands as an iconic piece of South African financial history.

Urban Ocean previously redeveloped the building through adaptive reuse, creating a mixed-use precinct that blends ground-floor retail with commercial offices and residential apartments.

The incoming buyer now faces a very interesting choice for the upper floors, and each path creates a distinct commercial outcome.

Doubling down on the existing mixed-use model offers a defensive, steady cash flow. Spreading tenancy across retail, office, and residential units buffers the owner against downturns in any single sector, though it comes with standard rental caps and requires active, multi-tenant property management.

Converting those upper floors into a luxury boutique hotel is a much higher-yield play. It capitalises on the building's historic charm to command premium room rates, but demands substantial upfront capital for hospitality retrofits while exposing the business to broader tourism cycles and city perception.

The decision will more than likely come down to whether the buyer prefers multi-tenant stability or wants to make a high-conviction play on inner-city tourism.

What would you do with this building?
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