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LIFE & LEISURE REFINED MAGAZINE4Refined magazine is published quarterly by TCB Media, on behalf of Fine & Country South Africa. Opinions expressed in this publication are not necessarilythose of TCB Media, Fine & Country, or any of the subsidiaries of the aforementioned companies, their strategic partners or their clients. Information has been included in good faith by the publisher and is believed to be correct at the time of going to print. No responsibility can be accepted for errors and omissions. No material (articles or photographs) in this publication may be reproduced or transmitted, in whole or in part, in any form by any means electronic ormechanical, including a storage and retrieval system, photocopying or recording without prior written permission of the Publisher. Submissions of articles and photographs for publication are welcomed, but the Publisher, while exercising all reasonable care, cannot be held responsible for any loss or damage. %u00a9 2024. All copyrightfor material appearing in this magazine belongs to either TCB Media (Pty) Ltd, and/or Fine & Country South Africa (Pty) Ltd, and/ortheindividual contributors. All rights reserved.SERVINGUP PREMIUMPROPERTYPlease scan to view all featured listings in the current Refined #4 2024John HerbstChief Executive Officer - Fine & Country South AfricaSouth Africa has had a year to celebrate, with strides across the political, economic, and sporting arenas that have brought optimism and increased activity to the residential real estate market. From political reforms inspiring investor confidence toeconomic indicators pointing upwards, and the country%u2019s teams shining on global stages, 2024 has been a showcase of resilience and opportunity.In the Economist note, of the November BetterBond Property Brief, Dr Roelof Botha states that the mini budget provided enough information for cautious optimism because substantial public sector spending on infrastructure is a prerequisite for increased economic growth.These economic gains albeit that they are not universal across all sectors in South Africa, have had a direct impact on the residential property market. First-time buyers have found opportunities in the affordable housing sector, while high-net-worth individuals have continued to purchase homes in the premium Johannesburg, Sandton, and Fourways markets, on the Atlantic Sea Board, Cape Town%u2019s Southern Suburbs, Somerset West, Hermanus, KZN North Coast, Garden Route, Harare, Swakopmund, the Cape Winelands and The Greater Kruger Park locations. Improved infrastructure projects, such as upgraded transport networks, have enhanced the appeal of properties in peri-urban areas, as is being demonstrated in the demand for property and the growth in property values year on year in historically less fashionable locations.The cumulative effect of political stability, economic growth, and a renewed sense of national pride has been positive for the residential real estate sector. We forecast market activity to continue, with a notable increase in premium home purchases.As South Africa closes the chapter on a year of significant gains, optimism prevails. The momentum from 2024%u2019s successes isexpected to continue into 2025, as the country builds on its achievements. These stories collectively paint a picture of progress and potential, highlighting the dynamism of South Africa%u2019s real estate sector. Whether through sustainability, innovation, or community empowerment, the sectoris making significant strides thatreflect the resilience and spirit of the country.As we close out a year filled with triumphs and progress, we wish you a holiday season that celebrates South Africa%u2019s resilience,diversity, and boundless potential. May the new year usherin even greater opportunities, brighter moments, and homes filled withlove and laughter.