Determining the true property value of heritage sites: SAIV unpacks what it means to buy a piece of local history
21 October 2021. South Africa’s rich and diverse heritage is commemorated annually during the month of September. However, throughout the year, this diverse heritage is seen in the many properties in the country which have been declared heritage sites. These buildings may be coveted by some property owners thanks to their larger living areas, prime locations and historical significance – but their property value is often difficult to determine. “Additionally, once owned, property owners must consider a long list of restrictions which come with their new piece of history,” explains Natalie Ginsberg, Vice President of the South African Institute of...