According to research that was conducted by ABSA last year, full title properties may - one of these days - become an impractical and outdated luxury for many South Africans.
Financial pressure on consumers, scarcity of land and lifestyle changes all contribute to the fact that many buyers are now exclusively seeking to invest in sectional title schemes that are (generally) more affordable than freehold property.
In addition to the affordability that sectional title offers, this type of living is also regarded as more secure than freehold property and offers a lock up and go lifestyle that is appealing to many. Sectional title further requires little maintenance from owners, often has sound resale value and generally also include more modern finishes than older freehold homes.
But Steve van Wyk, MD for Seeff Centurion, says although sectional schemes offers many benefits it is still crucial to do your homework before buying because like in the case with freehold there are always good investments and bad investments.