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Wakefields Berea Newsletter
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Feb 2026
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From my desk to yours...
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Hi Subscriber,
South Africa’s 2026 Budget brings measured but meaningful relief for the property sector. Increased Capital Gains Tax exclusions, including a higher primary residence threshold, reduce the tax impact on property sales and estate planning, offering greater flexibility to homeowners and improved return potential for investors. At the same time, stronger revenue collection has allowed government to withdraw proposed tax increases and keep VAT and corporate tax unchanged, helping to protect consumer spending power and business confidence. While not a dramatic shift, Budget 2026 reinforces stability and creates a more supportive environment for sustained property market recovery.
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Myles Wakefield | CEO
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Wakefields Real Estate
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| Chairman's Choice |
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| R19,900,000 |
| residential |
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| Exclusive and Rare Luxury Home , A Modern Architectural Masterpiece |
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| This exceptional residence, with approximately 1,000sqm under roof, is a rare find that perfectly blends elegance, comfort, and contemporary design. Built for... |
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| residential |
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| R1,190,000 |
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| 2 Bedroom Flat For Sale in South Beach |
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| residential |
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| R2,150,000 |
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| 3 Bedroom Townhouse Sold in Musgrave |
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| One of Our Own |
| Agent of the month |
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| ARE YOU READY? |
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| Wakefields is opening the doors to multiple properties across KZN in one powerful showcase. Whether you're house-hunting, investing or just exploring what’s on the market, this is your chance to view a range of homes in one go. Don’t miss it! |
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| Latest News |
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| KwaZulu Natal Property Market |
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| COASTAL REGIONS LEAD THE WAY |
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| South Africa’s coastal provinces are emerging as clear frontrunners in the housing market recovery, and KwaZulu-Natal... |
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| SMALLER DEPOSITS ARE TRENDING | BUT SAVING STILL MATTERS |
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| One of the most interesting shifts in 2025? Deposits are getting smaller. |
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| FIRST-TIME BUYERS ARE BACK! |
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| After several cautious years, first-time buyers are making a comeback. |
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| Residential Property News |
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| INVESTORS PREFER SECTIONAL TITLE |
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| While freestanding homes saw stronger price growth in 2025 (+4.0% vs +2.7% for sectional title), investors are clearly favouring sectional title properties. |
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| On Show This Weekend |
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| 48 Bellevue Road |
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| R1,050,000 |
| Geat, Secure - With No Lift - In Musgrave |
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| This Musgrave apartment ticks all the boxes! Night security, 2 bedrooms. the kitchen is modern and fully fitted... |
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| residential |
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| R3,195,000 |
| Glenmore |
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| residential |
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| R785,000 |
| Musgrave |
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| residential |
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| R1,590,000 |
| North Beach |
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| residential |
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| R1,645,000 |
| North Beach |
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| residential |
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| R840,000 |
| Glenwood |
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