Sectional title homes are proving to be the most popular property at the moment in South Africa, with recent stats showing that the prices of sectional title homes rose at a faster pace than freehold properties.
And, according to home loan data from an SA lender, sectional title sales accounted for 67,4% of all investment properties sold in 2023.
Alexa Horne, managing director of DG Properties, says “Sectional title properties often offer a more affordable entry point into the property market compared to freehold properties. This makes them attractive to first-time buyers, young families, and people looking to invest in property.”
“Most sectional title developments offer security features such as gated access, security guards, and CCTV surveillance,” says Horne, “and the developments also often include shared facilities like a pool, gym, and communal garden areas – features that can be cost-prohibitive, and possibly unattainable for freehold homeowners.”
“These common areas are maintained via the body corporate which further reduces costs as well as the burden of responsibility.”
