Guiding consumers since 2009

Google Street View to help SA buyers

By Staff Writer
As technology continues to take strides in the South African financial market, there is also some hope for the property market.

Thanks to Google Street View technology, those who usually spend their Sundays driving around looking for show houses will soon be able to check out their prospective new home right from the comfort of the couch.

This is set to launch in South Africa before the World Cup kicks off and it will provide users with a 360 degree street level view of all the majour cities in the country.

"Real estate agencies in Australia are using the technology successfully to enhance their clients' house-hunting experiences," said Re/Max CEO Adrian Goslett.

"Each year an increased number of South Africans are searching online for property, so this is a natural progression."

"Street View will allow potential buyers to check out amenities such as open spaces, shopping areas and parking near or in the suburbs they are interested in," Goslett added.

Street View cars were roaming the streets of South Africa during September last year and vast amounts of data was collected in order to help create a three-dimensional map of the country's streets.

Cape Town, Port Elizabeth, Pretoria, Durban and Johannesburg have all been mapped thanks to millions of photographs but the going has been slower than expected because of the limited information available on street addresses and business locations.

"[Street View] will provide clients with the opportunity to narrow down the selection of homes to the point where the few that we show will actually be bought," said Herschel Jawitz, CEO of Jawitz Properties.

A growing number of South Africans are using the internet to search for property so it's a natural progression.

"It will be good for the client in reducing search time and irritation and good for the agent from a cost and efficiency point of view," said Jawitz.

Recent Articles

Featured Keep this in mind when taking out new financial products

Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. We found out what you should keep in mind before taking out a new product, how you can assess the products you already have, and how you can generally improve your financial position.

Are you in debt denial?

With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers in South Africa have damaged credit records. However, only a few seek the necessary help.

Why should you invest in a mutual bank?

Often when people think about banking, they always think about commercial banks. Mutual banks hardly come to mind, but these banks offer investment opportunities that are often overlooked.

 

The benefits of assessing investments regularly

It’s common practice to assess your personal finances annually. But how often should you check in with your investments? We found out from an industry expert when you should assess your investments and how to go about doing so.

Deals

Aurora Spa 100-minute Treatment Special

Price: R449
When: Until 31 March
Where: Century City

Woodstock Grill and Tap Steak Thursdays

Price: R100
When: Thursdays
Where: Woodstock

KFC 5+5 Special

Price: R65
When: Until 25 February 2020
Where: Nationwide