Luxury property market in SA on the rise

A R92-million home is going on sale in Johannesburg. Entertainment reporter Lindiwe Sithole went house-hunting.

JOHANNESBURG - Nestled in Houghton, Johannesburg, a massive eight-bedroom, ten bath home has everything except an occupant.

The R92-million home is on the market, and it's being sold by an anonymous owner based in the United Kingdom.

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Head of Sales at Chas Everitt Sandton Ryan Steenfeldt-Kristensen said a real-estate agent could make about R4-million in commission if a sale is made on the property.

The price of the lavish home has been reduced from an initial R120-million to a cool R92-million.

READ: SA's middle class feeling the squeeze 

It includes all the furniture and art and to sweeten the deal, they've thrown in a Rolls Royce.

The high-value property market in South Africa is seeing a slight rise.