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Property News


New online property marketplace launched

20 Sep 2017

New property platform eazi.com has launched, offering another online avenue to buy and sell property in South Africa.
New online property marketplace launched "We deconstructed the process of buying and selling a home into the various elements that make up the transaction," explains CEO Shaun Minnie, "including the role of the estate agent. We then design...

House price growth now below inflation

19 Sep 2017

The South African property market is in for some turbulent times as a struggling economy and low growth prospects put increasing pressure on owners.

As it is, house prices in South Africa are still high in real terms, with some areas in Cape Town seeing price increases of almost 30% in one year.

Speaking at the Rode-REIM real estate conference,...

Understanding the importance of the tenant screening process

19 Sep 2017

According to the most recent Tenant Profile Network (TPN) Rental Monitor report, "Since around 2014, we have witnessed a gradual deterioration in tenant payment performance nationally. The percentage of tenants 'in good standing' with their landlords reached a multi-year peak of 85.95% in the third quarter of 2014. Since then, this percentage has declined by...

Worldwide trust crisis forces real estate agents to adapt

18 Sep 2017

The 2017 Edelman Trust Barometer has revealed that people around the globe are losing faith that "the system" is working in their favour.

This worldwide trust crisis has created a general climate of cynicism and fear affecting both political institutions and commercial organisations. The real estate industry is no exception and local experts say adapt...

Trends in commercial property and the changing nature of risk

18 Sep 2017

The business and commercial property landscape is changing as a result of mass urbanisation and population growth. In fact, 64.3% of the current South African population lives in urban areas. As a result, buildings are now being constructed taller than ever before so they remain within the constraints of land use designation.

South Africa is one of th...

What you need to know about occupational rent

15 Sep 2017

Whether you are a buyer or a seller, it is vital that you are familiar with the terms and conditions stipulated in the property sales agreement.
What you need to know about occupational rent

South African law states that those who would like to either sell or buy a property are required to reduce all contractual agreements to writing. The reason fo...

The lowdown on letting out your property

15 Sep 2017

Irrespective of whether the property in question is a one-bedroom studio flat, a cottage at the back of the garden or an entire estate, the same laws and procedures apply and need to be understood clearly in order to make a success of the rental market.
The lowdown on letting out your property

From security deposits and credit checks to a range of ...

Know your rights as a neighbour

14 Sep 2017

If you have nice neighbours you are very lucky, however in reality some are not very pleasant and can make your life miserable at times.

It is worth making the time getting to know those who live next to you, as neighbours can play an important role in our lives and our community, and it's always a good thing to keep in mind that you are a neighbour t...

Judgements favour property owners over municipalities

14 Sep 2017

Property owners are riding a wave of success following a number of court victories against the country's municipalities, the most recent being last week's landmark judgement on historical debt.

Owner associations and legal experts have welcomed the court rulings, saying property owners finally have their rights established, and some are now even enshr...

More homeowners, buyers embracing 'green' features

13 Sep 2017

While the commercial sector has led the charge in terms of green building initiatives and ratings, the residential property market is now also embracing this trend.

"In addition to a desire to contribute to a healthy and sustainable natural environment, property owners are motivated by rising utility costs and scarcity of resources, as evidenced by th...

House insurance row

13 Sep 2017

A national insurance firm has changed tack and apologised to a township homeowner for its initial refusal to insure his R5m house in KwaNobuhle. Despite Old Mutual underwriter iWyze saying its initial refusal was due to a valuation discrepancy, Uitenhage advocate Vuyo Jack, 56, said he was told it was because he lived in a high-risk area.
House insurance ...

Positive economic indicators could trigger a property market turnaround

12 Sep 2017

Statistics released by Stats SA on 5 September 2017 have revealed that South Africa is officially no longer in recession. The announcement of a 2.5% annualised economic expansion during the second quarter of this year joins other positive indicators including a decrease in consumer price inflation (CPI) and a drop in the repo rate.
Positive economic indic...

When sectional title tenants cause problems

12 Sep 2017

From excessive noise, inconsiderate parking, and oil stains on paving, to satellite dishes put up in the wrong place, overcrowding at units, and barking dogs, bodies corporate have to deal with it all.

But when the occupier of a unit is a tenant, how does the body corporate deal with complaints?

Here are four key questions, along with clarifyin...

What you should know about buy-to-let

11 Sep 2017

Being a landlord can earn you a good income, but it is not for everyone. Buy-to-let property investing has enthusiastic proponents, such as Rich Dad, Poor Dad author Robert Kiyosaki, but there are also many detractors, who argue that you're better off putting your money in the stock market.

If you are serious about investing in physical property (as a...

Should you rent or buy a property?

08 Sep 2017

With an investment in property being the biggest financial commitment many will ever make, it's hard to know when it's the right time to buy, or whether to rent. Two property specialists share their advice.
Should you rent or buy a property?

"When making your decision,"says Brian van Wijk who owns and actively manages multiple Just Property franchi...

How much rent should you pay?

08 Sep 2017

Everyone looking for an apartment to rent has a wish-list, but most prospective tenants will have to settle for the best compromise between that list and their budget.

"It's all very well to live in an upmarket building with great security in a sought-after location, and have all the space and views you wanted, but if the rent is so high that you have...

How much rent should you pay?

07 Sep 2017

Everyone looking for an apartment to rent has a wish-list, but most prospective tenants will have to settle for the best compromise between that list and their budget.

"It's all very well to live in an upmarket building with great security in a sought-after location, and have all the space and views you wanted, but if the rent is so high that you have...

Understanding the ins and outs of estate inheritance

07 Sep 2017

Taking ownership of a house is usually a joyous occasion in one's life, but sometimes this milestone comes with the death of a loved one and the inheritance of their home.

Dealing with the intricacies of such inheritances is also a trying time, especially when one is grieving.

"However, understanding your options and obligations can make the pr...

Texton Property FY net property income rises 10%

06 Sep 2017

Texton Property Fund has reported a 10% rise in net property income to R440.8m in the year to end-June from a year-ago.

But the total dividend dropped 0.80% to 102.80c per share, the fund said in a statement on Monday, 4 September.

Texton, which listed on the JSE in 2011, has properties in SA and the UK, where uncertainty over Brexit has affect...

Home loan amounts increase by 4.5%

06 Sep 2017

The average approved bond size has increased by 4,5% in the past 12 months, while the average house price has increase by just 2,2%, according to the latest statistics from BetterBond.

"These figures correspond to a decline in the average percentage of purchase price being paid as a deposit in the year to end-August, from 22% to 20%," says CEO Shaun R...

Is the B&B life for me?

05 Sep 2017

For a lot of people, the idea of abandoning the rat race to open a little bed and breakfast in a picturesque part of the world sounds like an absolute dream come true. What a great way to meet new and interesting people while being paid to keep a beautiful home in a beautiful area. The realities of running a guesthouse, however, can be a little more complica...

Are millennials heading back to the 'burbs?

05 Sep 2017

According to the latest Home Buyers and Sellers Generational Trends report released by the National Association of Realtors, millennials are going back to the suburbs, and they are mostly buying pre-owned family homes with three bedrooms, two bathrooms and a garden.
Are millennials heading back to the 'burbs?

These findings are good news for the ma...

SA rental trends and prices revealed

04 Sep 2017

Increasingly low confidence levels and mounting affordability pressures amongst South Africans indicate increased demand for rental properties across the country.
Smuts says the Western Cape is the only province with a slight upward trend over the past four quarters. It is also, once again, the most expensive province to live in as it attracts the highest...

Housing unit the weak link in SA Corporate results

01 Sep 2017

SA Corporate Real Estate, the diversified owner of industrial, retail, commercial and residential buildings located primarily in the big metropolitan areas of SA, with a secondary node in Zambia, grew its dividends 4.4% in the six months to June.

The company declared a dividend of 22.38c a share from 21.44c a share for the corresponding period in 2016...

Agents applaud court debt decision

01 Sep 2017

Yesterday's Constitutional Court ruling that prospective property buyers were not liable for "historic" municipal debt for rates and services, was a victory for estate agents and property developers.

"This should teach municipalities to strengthen their rates and services revenue collection techniques," said Geoff Perkins, director of property develop...

Court victory over historical municipal debt

31 Aug 2017

Property owners who have been forced to pay thousands of rand in historic debt on their newly acquired properties may soon be able to lodge claims to recoup their money.

The Constitutional Court has ruled that the Bill of Rights prohibits arbitrary deprivation of property, which would happen if municipal debts without historical limits were imposed on...

Don't lose good tenants through high rental increases

31 Aug 2017

Landlords that insist on unreasonable residential rentals every year risk losing those tenants... and in the current economic climate good tenants are hard to replace.
Barbara rents a property. She's a good tenant, pays her rent on time, keeps the place pristine and doesn't cause any problems with her neighbours or the body corporate. She's lived at the s...

All that twitters is not sold

30 Aug 2017

Online real estate companies offering to sell your home for a low fixed price or a discounted commission appear to be multiplying daily - but they are actually just peddling old - and unsuccessful - concepts dressed up in new digital clothes.
Image source:

Discount and flat-fee agencies have been around for decades. We see them coming to the fore e...

How to survive the disruption of estate agencies

30 Aug 2017

The estate agency profession is facing disruption, and for agents to survive, they need to evolve. Many factors are contributing to this disruption which is already underway.

One of the looming threats to traditional estate agencies is the rise of the online property portals, which don't just showcase properties, but have a back-end support team that ...

How African property markets can move beyond the 'pioneering' phase

28 Aug 2017

Property pioneers have already taken the first steps in shaping Africa's urban landscapes, constructing landmark malls, hotels and office blocks that could be called iconic. This is just the start. Modern, fully functioning cities require a well-oiled system of residential, commercial and industrial development and civil infrastructure, with the real estate ...

Interest rate cut on the cards

25 Aug 2017

South Africa's headline inflation eased to a 20 month low year-on-year in July, raising the prospect that the SA Reserve Bank (Sarb) could lower interest rates further in the coming months.

Figures released yesterday by Statistics South Africa (StatsSA) showed that inflation fell to 4.6 percent in July from 5.1 percent year-on-year in June on the back...

Commercial property investment - the do's and don'ts

25 Aug 2017

Traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), says Jeremy Lang, regional general manager at Business Partners Limited, investing for growth may be more beneficial than sitting on a lump sum of cash.

Lang says that in the current economic environment, investing in property may be a viable option...

Commercial property investment - the do's and don'ts

24 Aug 2017

Traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), says Jeremy Lang, regional general manager at Business Partners Limited, investing for growth may be more beneficial than sitting on a lump sum of cash.

Lang says that in the current economic environment, investing in property may be a viable option...

How to survive the disruption of estate agencies

24 Aug 2017

The estate agency profession is facing disruption, and for agents to survive, they need to evolve. Many factors are contributing to this disruption which is already underway.

One of the looming threats to traditional estate agencies is the rise of the online property portals, which don't just showcase properties, but have a back-end support team that ...

Questions to ask when applying for a home loan

23 Aug 2017

Before banks and financial institutions are willing to approve a home loan, they will perform extensive research on the applicant's financial history, so it is important for prospective buyers to be prepared.

Adrian Goslett of RE/MAX Southern Africa says that before applying for finance, consumers need to assess their financial situation and know the ...

Think you're ready to invest in a rental property?

23 Aug 2017

So, you quite like the idea of owning a rental property and think you might be able to earn good rental returns. Yes, that might well be the case, but you need to take care, there are pitfalls.

Property is one of the most exciting investments for just about anyone. Often, in addition to owning a first home, buyers will aspire to own additional propert...

'Overpricing by sellers a self-defeating tactic'

22 Aug 2017

Some Cape Town property owners continue to overprice their properties, and certain agents sometimes accept the situation so as to get the mandate for themselves.

So says Clare Putsman of the Atlantic Seaboard agency, Cape Waterfront Estates.

"If you are serious about selling and not just "testing the waters" it will not pay you to overprice. In...

Over 2m households rent their properties

22 Aug 2017

Despite the economic stress being felt across the property sector, there are still pockets of excellence in the rental market.

So says Michelle Dickens, managing director of TPN, a property specialist credit bureau. Her research reveals "astoundingly high performance" in some areas.

"There are 2.1 million households in formal rental accommodati...

Residential property market promising despite recession

21 Aug 2017

The effects of the ratings downgrades are beginning to hit home, throwing the country into an economic recession. A significant contributor to the decline was the 2.3% fall in household expenditure, an indicator of just how much consumers are feeling the pinch. This could have a dampening effect on home selling and home buying for the rest of the year.

Conference calls for greater land ownership rights for women in Africa

21 Aug 2017

Habitat for Humanity's Solid Ground Campaign in association with the Urban CSO Cluster of the Global Land Tool Network (GLTN) of UN-Habitat hosted a conference focusing on land governance and management in Africa in Pretoria earlier this week. Influential women from across Africa shared their findings on (among other things) land policy initiatives, includin...

Things are looking up for first time home buyers

18 Aug 2017


Slow price growth and a recent decrease in the interest rate have seen more first-time buyers enter the market.

"The slight decrease in interest rates in July means that it is easier to qualify for home loans - and there may be further decreases later this year. At the same time, the rate of house price growth over the past 12 months is has been c...

How South Africans feel about property in 2017

18 Aug 2017


A survey by ABSA has revealed how South Africans feel about buying, selling, investing, renting and renovating property, as well as property market conditions in general.

The economy
In the first quarter of 2017, the South African economy entered a technical recession after experiencing two consecutive quarters of negative growth. This was brou...

Selling a vacant property

17 Aug 2017

Listing and selling a home can be a stressful time, especially if the homeowner no longer lives in the property.

What makes selling a vacant home so much more stressful? Well, the unfortunate reality is that a vacant property is a vulnerable target for vandals and the chance of the home being broken into increases.

"An unoccupied home is an eas...

Building wealth through multiple properties

17 Aug 2017

Many individuals who already own more than one property mistakenly overlook key principles of wealth creation that could potentially unlock their ability to grow their property portfolios.

The ability to build wealth through multiple properties should not be determined by how deep your pockets are, but rather identifying niches in the market and maxim...

Land audit still not completed

16 Aug 2017

The government has spent R33bn since 1994 buying land for land reform, Rural Development and Land Reform Minister Gugile Nkwinti says. In 1994, the government set a target of handing 30% of agricultural land to black recipients by 2014. A recent report by the Bureau for Food and Agricultural Policy said more than 20% (18 million hectares out of 82 million he...

When is a property sales agreement valid?

16 Aug 2017

Purchasing a property is a significant financial investment and there are a number of processes to complete before the sale can go through; from getting pre-approval for a home loan to submitting an offer to the seller, to finally signing the sales agreement.

"A valid sales agreement is binding once signed and can be used to protect either the buyer's...

What buyers of Sectional Title units should know

15 Aug 2017

There are a few things that a prospective buyer should know before signing an offer to purchase a sectional title unit, says Mandi Hanekom, operations manager of the sectional title finance company Propell.

A sectional title scheme consists of the following:

units or sections (which are individually owned and registered in the name of the owner...

Why title deeds aren't the solution to South Africa's land tenure problem

15 Aug 2017

There are a few things that a prospective buyer should know before signing an offer to purchase a sectional title unit, says Mandi Hanekom, operations manager of the sectional title finance company Propell.

A sectional title scheme consists of the following:

units or sections (which are individually owned and registered in the name of the owner...

Land scarcity leading to smaller and simpler housing

14 Aug 2017

With a shortage of land for housing and an increasing need for urban densification - in the Western Cape in particular - average erven have almost halved in size over the past 40 years.

Data has shown that in Cape Town the average full title stand is currently less than half the size it used to be.

Today's homes also have fewer luxury features ...

What agents consider when setting an asking price

11 Aug 2017

Although there is a vast amount of information available to homeowners online, there is currently no site or programme outside of the real estate profession that can accurately evaluate a property. While homeowners can draw conclusions based on the information that is available, to set the right market-related value requires specific area knowledge, an under...

Average national rental exceeds R7,000 in Q2 2017

11 Aug 2017

The recently released PayProp Rental Index, which outlines trends on a quarterly basis in the residential rental market, has reported that in the past quarter, the weighted average national rental exceeded R7,000 for the first time.

PayProp's Johette Smuts says it was announced this quarter that South Africa is in a technical recession for the first t...

What agents consider when setting an asking price

10 Aug 2017

Although there is a vast amount of information available to homeowners online, there is currently no site or programme outside of the real estate profession that can accurately evaluate a property. While homeowners can draw conclusions based on the information that is available, to set the right market-related value requires specific area knowledge, an under...

When is a property sales agreement valid?

10 Aug 2017

Purchasing a property is a significant financial investment and there are a number of processes to complete before the sale can go through - from getting pre-approval for a home loan to submitting an offer to the seller, to finally signing the sales agreement.

A valid sales agreement is binding once signed and can be used to protect either the buyer's...

SA's best performing rental suburbs

08 Aug 2017

Nine out of the top 20 suburbs that offer the highest yield in the country for rental sectional title schemes were in Pretoria, according to property specialist credit bureau TPN.

Michelle Dickens, managing director of TPN, said Philip Nel Park in the west of Pretoria had an average yield of 20.1 percent over the past five years.

"With 92.3 per...

House-price growth slows

08 Aug 2017

House price data suggests that a period of economic weakness in South Africa may re-emerge after a slightly stronger performance a few months ago.

John Loos, a household and property sector analyst at First National Bank, said it also appeared increasingly likely that 2017 would be the third consecutive year of slowing average annual house-price growt...

#SmartHomes: The number one tenant amenity today is Wi-Fi

07 Aug 2017

In today's crazy technology age, we are seeing many new developments being incorporated into the home - from smart fridges, lighting, CCTV cameras to smart TVs and mirrors. In some parts of the world, we are even seeing automation being fully integrated into the home. Residents are wanting a connected home where wireless services link every aspect of their w...

Absa to ease terms to boost mortgages

04 Aug 2017

Absa is loosening the credit taps in its mortgage business, hoping to grow its share of new home loans now that Barclays is no longer dictating its credit criteria and risk appetite.

After Barclays' sale of its majority stake in the bank, Absa Home Loans was the first business unit to approach the group's credit committee to increase its credit risk, ...

Home loan customers under pressure

03 Aug 2017

Home loan repayment patterns of consumers on the R900 billion in outstanding debt on mortgage loans was reflecting the financial strain consumers were experiencing.

Carel Groenum, the managing executive of Absa Home Loans, said yesterday that the percentage of customers who paid more than their required monthly instalment reduced to 16 percent in July...

Is a recession a good time to invest in rental property?

03 Aug 2017

Residential properties that achieve good rental returns remain a desirable investment option for South African portfolios in tough economic times.

This is according to Rob Stefanutto, managing director of Dogon Group Properties, who says one only has to look at Maslow's hierarchy of needs to see that in tough economic times people can do without a new...

Auction industry upbeat as sector benefits from shifting market trends

02 Aug 2017

The auction industry has remained relatively immune to a tumultuous year of global political shifts and the resulting lacklustre economic outlook across the world. In fact, says Joff van Reenen, lead auctioneer and director of The High Street Auction Co., the industry has benefited from shifting market trends.
High Street Auction Co. lead auctioneer and d...

Amended legislation could see landlords liable for VAT on leasehold improvements affected by tenants

02 Aug 2017

The 2017 Draft Taxation Laws Amendment Bill and Draft Tax Administration Amendment Bill, clarifying the Value Added Tax (VAT) Act treatment of leasehold improvement, were recently released for comment.
Amended legislation could see landlords liable for VAT on leasehold improvements affected by tenants

"A recent proposed amendment to the VAT Act may...

Intu shares drop 4% as rental income falls

01 Aug 2017

Intu Properties' shares dropped just more than 4% in early trade on the JSE on Thursday, 27 July, after it posted a drop in first-half rental income, and forecast zero growth in the second half.
Intu shares drop 4% as rental income falls

Intu owns some of the largest malls in the UK, which is beset with political and economic uncertainty over Brexi...

'Worst house in best street' still sound advice

01 Aug 2017

The old saying "buy the worst house on the best street and not the best house on the worst street" still rings true.

In Cape Town, this golden rule that drives property demand and values can be clearly seen, particularly in the city's top-end areas.

"Regardless of your buying motive - whether you want to secure a roof over your head or invest w...

SA's property developers and buyers under pressure

31 Jul 2017

South Africa has been downgraded to junk status by two ratings agencies, meaning that an even weaker rand, higher inflation, mounting petrol and food prices as well as interest rate hikes are on the cards. In addition, it has recently been announced that the economy has slipped into a recession, which may result in tax increases, job losses and failing busin...

These are some of the potential disruptors to the commercial property market

31 Jul 2017

The commercial property market has undergone some great changes in the past, says Leon Breytenbach, national manager of the Rawson Property Group's commercial division, and there could be major changes in the pipeline due to constant technological advancements.
Image source:
Image source: www.pexels.com
Breytenbach discusses potential disruptors in ...

'Timeshare ruined my retirement'

28 Jul 2017

The Vacation Ownership Association of Southern Africa (VOASA) has promised it would respond to claims that its members were fleecing people of their hard-earned money.

VOASA spokesperson Alex Bosch said: "Our members have made it their priority to attend meetings and timeously provide all requested documentation.

"We are looking forward to our ...

These are some of the potential disruptors to the commercial property market

28 Jul 2017

The commercial property market has undergone some great changes in the past, says Leon Breytenbach, national manager of the Rawson Property Group's commercial division, and there could be major changes in the pipeline due to constant technological advancements.

Breytenbach discusses potential disruptors in the real estate market in order to better und...

Why REITS are well placed to weather SA's economic, political volatility

27 Jul 2017

According to the South African Real Estate Investment Trust Association (SA REIT), REITs are relatively well-placed to weather the expected market instability following South Africa's downgrade to junk status and the "ongoing political tomfoolery".

In spite of the uncertainty created by the current environment, REITs are forecast to post total returns...

'Fake-buying' wastes agents' time

27 Jul 2017

"A new, and strange, phenomenon of 'fake buying' has emerged in the upper end of the Johannesburg homes market over the past five years, says real estate agency principal Ronald Ennik.

"And I am aware that it is also happening in Cape Town."

"It's about 'buyers' who submit offers on (mainly) big ticket homes that they simply have no intention o...

Timeshare inquiry told of tricks and traps

26 Jul 2017

Consumers locked into contracts "for life", unable to sell timeshare points or give them away to escape spiralling levy costs, and others who alleged exploitation by unscrupulous salesmen, presented their cases to the National Consumer Commission in Durban yesterday.

The NCC is conducting a two-day public inquiry as part of a national inquiry in a bid...

How to become a landlord

26 Jul 2017

The increased mobility of South Africans in the current economic environment means more owners are renting out their properties.

"More homeowners are relocating within South Africa in search of work, or taking up offshore contracts," says Greg Harris, chief executive of Chas Everitt Property Rentals. "We expect this trend to accelerate as South Africa...

SA's property developers and buyers under pressure

25 Jul 2017

South Africa has been downgraded to junk status by two ratings agencies, meaning that an even weaker rand, higher inflation, mounting petrol and food prices as well as interest rate hikes are on the cards. In addition, it has recently been announced that the economy has slipped into a recession, which may result in tax increases, job losses and failing busin...

Timeshare inquiry told of tricks and traps

25 Jul 2017

Consumers locked into contracts "for life", unable to sell timeshare points or give them away to escape spiralling levy costs, and others who alleged exploitation by unscrupulous salesmen, presented their cases to the National Consumer Commission in Durban yesterday.

The NCC is conducting a two-day public inquiry as part of a national inquiry in a bid...

Property sector welcomes rate cut, calls for leadership to 'get its house in order'

24 Jul 2017

South African Reserve Bank governor Lesetja Kganyago, on Thursday, 20 July, announced the bank's decision to reduce the repo rate by 25 basis points, cutting the repo rate from 7% to 6.75%. The unexpected 0.25% rate cut has been welcomed by the property sector.
Property sector welcomes rate cut, calls for leadership to 'get its house in order'

Said...

Interest rate drop a relief for property owners

24 Jul 2017

On the advice of the Monetary Policy Committee (MPC), the Reserve Bank decided this week to lower the repo rate by 25 basis points to 6,75%, which takes the prime lending rate and the variable mortgage rate from 10,5% to 10,25%.

This decrease, announced by Bank Governor Lesetja Kganyago, follows a steady decrease in the rate of inflation to 5,1% in Ju...

Sectional title misunderstandings can cause problems

21 Jul 2017

Sectional title owners are often misinformed about where their responsibilities end and those of the body corporate start.

To understand the situation facing most sectional title owners, it is necessary, says Alexander, to realize that there are three types of sectional title property ownership. These are:

1. Full ownership of a sectional tit...

The complexity of selling a sectional title property

20 Jul 2017

It's a natural assumption that selling a sectional title property will be easier than having bought it, but this is not necessarily the case.

Selling a sectional title apartment has its own unique set of complex requirements, says Sandy Geffen of Lew Geffen Sotheby's International Realty.

"Selling an apartment or townhouse is different to sell...

Why you need customer experience management

19 Jul 2017

Customer experience management (CEM) utilises user experience, customer satisfaction and value-add and will be the next 'big thing' for businesses looking to exploit multiple channels of communication that link the customer.

Bernice Houston, sales and marketing manager at CRS Technologies, says, "While CEM is a relatively new concept in South Africa's...

Innovation needed in SA shopping centres to drive tenant retention

19 Jul 2017

With big box retailers closing down and leaving vacancies in their wake, some shopping centres across South Africa are starting to feel the pinch. According to Broll Property Group, however, these vacancies provide an opportunity for landlords to revitalise and improve a centre's tenant-mix, thereby giving the centre a new lease on life.

This can resu...

Smoking and braaiing in Sectional Title schemes

18 Jul 2017

Living in close proximity to neighbours, which is what sectional title living often is, can sometimes bring situations to the fore that might seem trivial to some, but might affect some more seriously than others think.

An example of those contentious issues where there are two very opposing factions are smokers vs non-smokers and those who like to br...

How to generate income from your home

17 Jul 2017

South Africa's current economic downturn has many homeowners eyeing their mortgage repayments with some trepidation. Making ends meet, however, could quite literally be right under our feet, says Tony Clarke, MD of the Rawson Property Group.
How to generate income from your home

"The options for generating income from your home have increased drama...

Legal aspects of renting out a property should be incorporated into lease

17 Jul 2017

While many landlords use a "standard lease" when signing a rental agreement with their tenants, it should be noted that there are various legal aspects of renting out a property that might not be included in such a lease, says Michael Bauer, managing director of estate agency SAProperty.com.
Legal aspects of renting out a property should be incorporated i...

Common property infringements in sectional title schemes

14 Jul 2017

Sectional title property owners and tenants often do not know the regulations regarding uses of sections and common property.

It is up to the body corporate to ensure that any infringements are dealt with timeously, says Michael Bauer, general manager of property management company IHFM.

Regulation 30 (a) and (b), states clearly that the commo...

Sectional title schemes ruled by two sets of rules

14 Jul 2017

Sectional title schemes are governed by two main sets of rules, management rules and conduct rules, which are used in conjunction with each other.

The management rules cover the way in which the sectional title scheme is run and deals with the appointment of trustees, how to run meetings, voting at these meetings, elections, duties of the trustees, an...

Desperate timesharers speak up

13 Jul 2017

Vacation club horror stories were heard on the first day of the National Consumer Commission's inquiry into the industry, prompting panel chairperson Diane Terblanche to say she felt "saddened".

Terblanche was touched by a consumer's story of his desperation to get out of a vacation ownership contract which he only used three times in 11 years.

Occupational rent and your rights

13 Jul 2017

The payment of occupational rent is a standard clause in almost every property sales contract, and yet it is also one of the more common causes of contention between buyers and sellers.

Confusion abounds over who is responsible for what, and when these payments should come into play, and disagreements over the details can and have caused many a sale t...

'Trustees should be seen and heard'

12 Jul 2017

Good trustees are the key to the smooth running of Sectional Title schemes, but many owners in these schemes don't actually know what their trustees do, how to communicate with them or even who they are.

"It is unfortunate but many people who buy Sectional Title homes don't show much interest in the management of their schemes unless things start go w...

Common property infringements in sectional title schemes

12 Jul 2017

Sectional title property owners and tenants often do not know the regulations regarding uses of sections and common property.

It is up to the body corporate to ensure that any infringements are dealt with timeously, says Michael Bauer, general manager of property management company IHFM.

Regulation 30 (a) and (b), states clearly that the commo...

Should South Africans still be investing in property during the recession?

11 Jul 2017

Following the announcement in June that South Africa has slipped into recession, many homeowners and prospective homeowners are filled with uncertainty. Will house prices tank? Will homeowners slip into negative equity? Should buying plans be put on hold? Crispin Inglis, CEO of PropertyFox, says there is no 'one-size-fits all' answer because so much depends ...

These are the questions to ask when buying property

11 Jul 2017

When it comes to buying property, there are many questions purchasers have that come up time and time again, as well as some questions that might not come up, but should. If you're looking to get into the property market, you might consider the following questions that need to be asked and answered. Answering these will make your decision easier and ultimate...

How to avoid loss of income through damages, lack of payment

10 Jul 2017

damage to a property or owe money to the landlord. This is why many landlords will not rent to tenants who do not meet all their qualifying criteria, says Michael Bauer, MD of estate agency SAProperty.com.
How to avoid loss of income through damages, lack of payment

If there is a lot of damage to the property or unpaid utility bills or rent, the la...

Greater clarity needed on exclusive lease agreements in grocery retail sector

10 Jul 2017

The Grocery Retail Market Inquiry (GRMI) is a crucial step towards finding much-needed clarity on the ongoing problems with long-term exclusive lease agreement provisions between landlords and supermarkets.

The current standing of exclusive lease provisions is unclear. All those involved - landlords, supermarkets, competitors and the public - would b...

Property Code now binding

07 Jul 2017

Trade and industry minister, Rob Davies, said yesterday that the Amended Property Sector Code had become binding on entities and organisations operating in the property sector.

Davies approved the gazetting of the Amended Property Sector Code in terms of Section 9 of the Broad-based Black Economic Empowerment Act on June 28. The Code was gazetted for ...

Renovations need permission in Sectional Title schemes

07 Jul 2017

There are often cases, particularly in older sectional title blocks, where units will need modernising or upgrading in some way or another. This will usually be addressed when a unit is sold and the buyer decides to make changes to suit his own tastes and living requirements.

What all sectional title owners must realise (and often don't) is that permi...

Fixed-interest rates not always viable fix

05 Jul 2017

With the South African economy reeling partly from the aftershocks of a surprise cabinet reshuffle earlier this year, homeowners are "understandably concerned about the effect the devaluing rand will have on bond interest rates", says Marc Hendricks, regional manager for Rawson Finance in the Western Cape.

The prime lending rate, steady at 10.50% sinc...

'Unrealistic expectations can sour relations with agents'

05 Jul 2017

Only 16% of people selling their properties trusted their estate agents, according to a Homeowner Insights study conducted by Absa and Columinate.

A possible reason for this statistic is a lack of realistic expectations set out from the beginning of the homeowner's interaction with the estate agent, says Adrian Goslett of RE/MAX of Southern Africa.

Should property be considered an asset or expense?

04 Jul 2017

At first glance, the question seems to be simple to answer - of course, property is an asset. However, there is more to it than initially meets the eye.
Should property be considered an asset or expense? When looking at a primary residence, the home being an asset will be determined by whether the value of the property is appreciating or depreciating. The...

Amended property sector code is now legally binding

04 Jul 2017

The Amended Property Sector Code, which was gazetted for public commentary towards the end of 2015, is now legally binding to entities and organisations operating in the property sector, says Trade and Industry Minister Rob Davies.

The Amended Property Sector Code is applicable to commercial activities in the residential and commercial industries of t...

Greater private sector support needed for transformation in property sector

03 Jul 2017

The latest Property Sector Market Size report by the Property Sector Charter Council shows that the sector in South Africa is estimated to be valued at R5.8tn. Within the sector, fewer than 10% of real estate investment trusts (REITs) are black originated funds.
Greater private sector support needed for transformation in property sector

According t...

Constitutional Court to review whose duty is it to disclose historical municipal debt

03 Jul 2017

The Constitutional Court is reviewing whose duty it is to disclose historical municipal debt and whether municipalities have the right of recourse on new purchasers.

Several municipalities (Tshwane, Ethekwini and Ekurhuleni) have argued in the Constitutional Court in the 'New Ventures' matter that it is lawfully permissible for a municipality to attac...

Property market in decline

30 Jun 2017

While South Africa is currently in a recession, the property market has been on the decline for a number of years, say property economists.

John Loos, FNB property economist, said FNB's May year-on-year house price index showed a growth of 4.7%. He said the single-digit growth in house prices was of concern as it was below inflation and would mean tha...

New law to regulate property practitioners

30 Jun 2017

A new proposed Property Practitioners Bill is set to replace the current Estate Agency Affairs Act.

It will include amendments to pass stricter regulations on stakeholders in the property industry and seek to ensure a more inclusive and representative sector.

Schoemanlaw associate attorney Arinda Truter said specific changes included stricter r...

Tips for investing in student accommodation

28 Jun 2017

Student apartments can be a great option for property investors, says Andrew Schaefer, MD of national property management company Trafalgar, but only if they know which apartments to choose and how to manage their tenants.

"While off-campus student accommodation is a growing sector all over the world, and proving to be a lucrative pick for many invest...

Taxing income on the sale of properties

28 Jun 2017

When does income accrue to a taxpayer from the sale of immovable properties in the course of its trade? This question was recently addressed by the Tax Court in M v the Commissioner for SARS. In 2013, the taxpayer, in the course of its trade, entered into 25 agreements for the sale of properties. Although the agreements were concluded in the taxpayer's 2013 ...

Public hearings on property sector bills to be held

27 Jun 2017

Officials from the Department of Human Settlements will this week visit the Eastern Cape, KwaZulu-Natal and the Western Cape for public hearings on the Property Practitioners Bill and the Home Loan and Mortgage Disclosure Amendment Bill.
Public hearings on property sector bills to be held

The two Bills are aimed at transforming the property and rea...

It's time to take affordable housing in SA to the next level

27 Jun 2017

There can be no arguing against the fact that the provision of affordable housing is a vital component of the social transformation and empowerment efforts of local and national governments across South Africa. But, while much admirable work is being done to put roofs over the heads of increasing numbers of South Africans, true redress in the area of human s...

Listing photos - make sure they are good

26 Jun 2017

According to research, most buyers will start looking for property online before they go to any other source. What this means is that the first impression buyers will have of a home is its online listing photo.

Adrian Goslett of REMAX says that this shows the importance of using listings photos that highlight the home's top features to entice buyers t...

The gap widens between asking price and selling price

26 Jun 2017

The differential between the listing price and selling price of homes in the current market can be as much as 30%.

"There seems to be a large disparity between what sellers think their home is worth and what buyers in the current market are prepared to pay for homes, says Cameron Jansen of RE/MAX Central.

Buyers are aware that market conditions...

HOA space registrations should be checked carefully

23 Jun 2017

In typical Homeowners' Associations the various areas such as roads, the entrance and parks or green spaces within the development are split into categories: public open spaces or private open spaces and these various areas are often remain registered in the developer's name and are not transferred with the first transfer when the scheme is established.
<...

Listed residential funds address affordable housing backlog - bank

22 Jun 2017

Cape Town - Standard Bank believes that South Africa has an opportunity to re-invigorate its affordable residential build sector through the establishment of listed residential funds.

Listed funds attract capital based on their ability to deliver returns through rental income. Developers of residential real estate targeting the R3 500 to R7 500 per mo...

EAAB protects against unscrupulous agent behaviour

22 Jun 2017

According to a Homeowner Insights study conducted by Absa and Columinate in 2016, only 16% of people selling their properties trusted their estate agents.

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that a possible reason for this statistic is that there is a lack of proper expectations that are being set out from the ...

Property - Asset or expense?

21 Jun 2017

Is property an asset or expense? At first glance, the question seems to be simple to answer, of course, property is an asset. However, there is more to it than initially meets the eye.

When looking at a primary residence, the home being an asset will be determined by whether the value of the property is appreciating or depreciating, says Adrian Goslet...

'Cut your price ' and get the jump on other sellers'

21 Jun 2017

Just about everyone knows now what happens when a home for sale is overpriced - but no-one wants to think that it could happen to them.

"However," says David Jacobs, northern regions manager for the Rawson Property Group, "the latest statistics from FNB would indicate that at least eight out of 10 home sellers are at risk - unless they are brave enoug...

Home buying expected to take turn for worse

20 Jun 2017

South Africa's credit rating downgrade and the current economic downturn and the current economic downturn is slowly starting to impact the country's property market, with house price growth and levels of home buying expected to soon take a turn for the worse.

At present the property market is continuing to perform as normal, but financial professiona...

Demand exceeds supply in rental market

20 Jun 2017

Vacancies in the residential property market increased to 6.62 percent in the fourth quarter of last year from 6.53 percent in the previous quarter, despite demand for rental properties still exceeding supply.

However, TPN credit bureau said it was interesting that vacancies declined to 3.02 percent in the below R3 000 a month rental price band and to...

Property fraud on the rise

19 Jun 2017

Property fraud is on the rise and buyers and sellers should be extra vigilant

There are different types of property fraud taking place, says Chris Tyson, CEO of Tyson Properties.

A property owner wanting to sell his property may learn an imposter obtained his signature for what he thought was a bank loan, only to find out that the imposter sold...

'Recession will push property prices down'

19 Jun 2017

With the economy officially in recession, homeowners and buyers need to get serious about preventing negative equity. This is when the value of a property is less than the amount of mortgage still unpaid.

"The best way to do that is for homeowners to keep putting whatever spare cash they may have, into their home loan accounts, and for buyers to put d...

Understanding rental deposits

15 Jun 2017

One of the most common areas of conflict between letting agents and tenants is around the refund of the tenant's deposit.

A particular area of concern is the time it takes the agent or landlord to pay back the deposit, as many tenants want to use these funds for a deposit for their new rental.

"Fortunately, this conflict is easily avoided by ca...

Property buyers value lifestyle over value-growth prospects

15 Jun 2017

Location, price and security are generally the "big three" for homebuyers, and that will no doubt continue to be the case, but the definition of what makes a great location appears to be changing, says Shaun Rademeyer of BetterLife Home Loans.

"The focus used to be on potential investment returns, and buyers would scramble to buy in areas which had pr...

Commercial lease deposits - what's in the fine print?

14 Jun 2017

As with the rental of residential property, so a tenant is required to pay the landlord a deposit before taking occupation of any commercial premises. "This deposit is kept by the landlord to serve as security during the period of the lease," says Leon Breytenbach, national manager of the Rawson Property Group's commercial division. It is kept in the event t...

Understanding restrictive conditions in title deeds

14 Jun 2017

Restrictive conditions can cause major headaches if buyers have not familiarised themselves with the conditions listed in the title deed, before purchasing their new home.

What can and cannot be done to a property is determined by a number of factors: common or statutory law, town plans which designate sites for residential property, commercial and th...

Understanding the pros and cons of homeowners' associations

13 Jun 2017

As a homeowner in an estate or boomed-off area, a buyer may be required to join a homeowners' association (HOA), which means adhering to numerous rules and regulations stipulated by the HOA.
Understanding the pros and cons of homeowners' associationsWith security a factor that is influencing home-buying decisions in South Africa, many are choosing to purc...

Estate agencies no longer have database of 'ready buyers'

13 Jun 2017

With the advent of the Internet and the reluctance of sellers to have show days for safety reason, the residential property market has changed and estate agencies can no longer claim to have a database of 'ready buyers' that differs significantly to that of their competitors.
Estate agencies no longer have database of 'ready buyers'

Matthew Alberts...

Older property buyers using equity to increase purchasing power

07 Jun 2017

According to the latest statistics from BetterLife Home Loans, buyers over 50 are currently paying about twice as much for their homes on average, as buyers under 30, but only about 30% more on their monthly bond repayments.
Older property buyers using equity to increase purchasing powerThe BetterLife Home Loans statistics represent 25% of all residential...

Commercial tenant payments set to deteriorate

07 Jun 2017

The performance of commercial property tenants could deteriorate further before improving, according to credit bureau Tenant Profile Network (TPN).

Although the economy should improve mildly in the near term, there could still be a lagged negative impact on the performance of commercial tenants, because of five years of broad economic stagnation, TPN ...

Four ways to optimise the benefits of BAS 'openness'

06 Jun 2017

Facility managers and building owners are looking to obtain greater control and create greater efficiency in their buildings. In South Africa, large organisations are just beginning to realise the advantages that open building automation systems (BAS) can offer. The benefits are enormous but there are also challenges.

So, what exactly is an open BAS a...

The age of information is a real estate opportunity

06 Jun 2017

Modern times are evolving so rapidly that businesses and individuals alike are having to continuously analyse their practices and strategies to ensure they stay ahead of the game.

This is especially applicable to the real estate industry which has seen an array of local and international factors influence how everyday business is conducted.

For...

Critical new legislation for property industry

05 Jun 2017

When it comes into effect, the Property Practitioners Draft Bill will replace the Estate Agency Affairs Act of 1976.

"This bill is part of government's response to the changing market conditions, and it seeks to create an enabling environment to enhance economic activity within the real estate sector. It will also help open up market opportunities for...

'Densification not all bad'

05 Jun 2017

Your heart may sink when you realise the grand old house next door - that once accommodated a single family - is being torn down to provide six new units in a security estate, with six times the number of people and cars coming and going.

But densification is not necessarily something to be feared, say agents.

"This is particularly true when on...

Are banks red-lining certain areas due to safety concerns?

02 Jun 2017

According to Hendrik Pieterse, manager of Leapfrog Property Group Eerste River, some banks are declining home loans in certain areas where others would grant a mortgage, based on safety concerns. This practice has become known as red-lining, and Pieterse believes it is keeping the young and the poor out of the property market.

Red-lining is based on a...

The future is now for smart homes

02 Jun 2017

The rising trend that's seeing people opt for virtual offices or changing working hours to save on travel time and increase productivity has resulted in greater demand from home-seekers for additional space for a home office or an additional room which can be converted into office space. This is according to Craig Hutchison, CEO of Engel & Velkers Southern A...

'Mess could be hiding a housing gem'

01 Jun 2017

The mess and clutter which will quickly drive most potential buyers from a show home could just be hiding a real housing gem.

Despite the advice of estate agents, many homes still go on show when they are really not at their best, says Gerhard Kotze of RealNet.

"This is most likely to occur in a forced sale, where the owner has died suddenly, f...

'Don't panic if your landlord goes broke'

01 Jun 2017

Landlords as well as homeowners could find themselves in financial trouble in the next few months as a result of SA's worsening economic picture, and tenants need to know what their position would be in such circumstances.

So says Greg Harris of Chas Everitt Property Rentals, who notes: "There are three things they need to note in particular, the firs...

The future is now for smart homes

31 May 2017

The rising trend that's seeing people opt for virtual offices or changing working hours to save on travel time and increase productivity has resulted in greater demand from home-seekers for additional space for a home office or an additional room which can be converted into office space. This is according to Craig Hutchison, CEO of Engel & Velkers Southern A...

Bid to end banks' 'unfair' rejection of applications

31 May 2017

The Home Loan and Mortgage Disclosure Amendment Bill seeks to amend the Home Loan and Mortgage Disclosures Act of 2000.

The bill addresses human settlements challenges identified in the National Development Plan. This includes dysfunctional settlement patterns across the country; challenges facing towns and cities; weak spatial planning; and governanc...

Levy arrears can delay property sales

30 May 2017

When selling a unit in a sectional title scheme of which the levies are in arrears, the body corporate may withhold a levy clearance certificate until the full amount is paid.

This is stipulated in section 15B(3)(a)(i)(aa) of the Sectional Titles Act 95 of 1986 ("the STA") and is the "power card" to force the person in arrears to pay his debt."

Flat repo rate, lower inflation welcomed as economic challenges mount

30 May 2017

The Monetary Policy Committee of the South African Reserve Bank announced on Thursday, 25 May, that the repo rate is to remain at 7% (home loan base rate of 10.5%).

We expected this decision given that there has been no further economic upheaval since the Cabinet reshuffle and change of the finance minister at the end of March. Although the rand remai...

Rental deposit rules demystified

29 May 2017

The rules for handling rental deposits are very clearly outlined in the Rental Housing Act, and yet certain misconceptions still abound amongst landlords and tenants.

Jacquie Savage, the Rawson Property Group's National Rentals Business Development Manager, sheds light on a few of the most common questions people have about deposits, during and after ...

Safety while showing property

29 May 2017

Sounds of the door shuffling on its hinges echo through the house. You look around but see no one, just shadows. As panic washes over you the first thoughts that run through your head are run, get out as fast as you can. Are you safe?

Irrespective of whether you are a real estate agent, seller or potential buyer, this scenario can be very uncomfortabl...

Smaller properties consistently performs better

26 May 2017

There's good news for investors disheartened by property prices in South Africa. Smaller and more affordable properties are almost invariably the highest performers.

The latest statistics released by FNB show affordable properties in major metros are appreciating more than twice as fast as their high-end counterparts - a trend likely to continue as po...

Tough times give rise to rent dodgers

26 May 2017

More residential tenants are failing to pay their rent on time, highlighting the economic pressure on the South African consumer, say experts.

Despite this, private and listed real estate companies are buying properties to let. Experts say there is huge demand for affordable rental housing and entry-level housing for the middle class.

The TPN C...

Standard Bank House Price Index overview for April 2017

25 May 2017

Growth in the Standard Bank House Price Index keeps slowing. The median price of a house applied for and financed by Standard Bank was R923,000 in April, up 4.5% y/y and slightly slower than 4.6% y/y growth in March 2017 (revised up from 4.3% y/y). On a m/m basis, HPI contracted by 1.03% in April. With 6.1% y/y CPI inflation in March, real house price growth...

Deteriorating rental payments hurts landlords

25 May 2017

The percentage of residential tenants who paid their rental on time has deteriorated by six percentage points to 66.08 percent in the first quarter of this year from 72.52 percent in the third quarter of 2015.

The city centre of Cape Town. Timeous rental payment has declined countrywide by 6 percentage points.

The latest residential rental quar...

Gap market mortgages for buyers

24 May 2017

Public servants who are in the gap market are expected to start streaming through the doors of the new Human Settlements Development Bank in October to seek mortgages.

The gap market comprises people who earn too much to get RDP houses, but too little to qualify for mortgages at the banks.

The bank's chief executive, Samson Moraba, says the ban...

How difficult is it to get a bond after 45?

24 May 2017

South Africa's National Credit Act stipulates that you cannot be discriminated against when applying for finance on the grounds of age, (among other things), but the borrower must pass an affordability test.

This means the person's risk profile is the biggest determining factor when banks consider applications from older borrowers.

"What we are...

Property sector under pressure due to low levels of confidence

23 May 2017

Low business and consumer confidence are placing the property sector under pressure.

Construction activity is concentrated in upper-market business hubs, as the rising costs of building prompts property developers to scale down or concentrate on projects abroad.

The value of recorded building plans passed in SA was down 8.5% (down R2.19bn) in t...

Understanding the role of the Rental Housing Tribunal

23 May 2017

Established during 2001, the Rental Housing Tribunal (RHT) assists in resolving disputes that arise between landlords and tenants. Made up of members with housing management, development and rental housing experience, who have been appointed by the provincial minister of housing, the RHT is also tasked with implementing the Rental Housing Act.

The pri...

Get approval before building

19 May 2017

Property owners need to ensure that the correct procedures are followed before they start building.

Moving ahead with a building project without adhering to the necessary protocols will only make the process far more complicated and costly, says Adrian Gosleet of RE/MAX.

"Anyone who wants to undertake a construction project that does not fall u...

Property sellers must budget for advance municipal rates payments

19 May 2017

Apart from the cost of inspections and obtaining various certificates, property sellers also need to budget to pay municipal rates and taxes in advance.

This is to cover costs while their property transfer is being completed.

Normally transfer takes about three months, which is the amount most municipalities will charge up front, before issuing...

Smaller properties yield great investments

18 May 2017

Prospective investors disheartened by the price of properties in South Africa at present may be interested to learn that smaller and more affordable properties are almost invariably the highest performers. In fact, the latest statistics released by FNB show that affordable properties in major metros are appreciating more than twice as fast as their high-end ...

Key aspects and features that sell homes

18 May 2017

The appearance of a property can greatly influence the speed and the final price achieved in sale.
Key aspects and features that sell homesSandy Geffen, executive director of Sotheby's International Realty South Africa, says: "Historically we have progressed from basic caves and simple huts through ornate castles to high rise living, and nowadays it's pos...

What constitutes a breach of contract when buying a property

17 May 2017

Immovable property transfers are governed by South African legislation (the Land Alienation Act soon to be replaced by the Property Transactions Bill) to protect all the parties involved.

When a transfer of a property is to take place, it is through the Offer to Purchase (OTP) (or Sale Agreement), which has to be in writing, that all the conditions of...

How to determine an asking price for your property

17 May 2017

With a mass of information at their fingertips, buyers who are seriously looking at properties to purchase will soon become very knowledgeable about what they can get within their price range.

For this reason, it is ever more important that sellers set the correct asking price when placing their home on the market, says Adrian Goslett of RE/MAX.

Make sure your estate has a rental management policy

16 May 2017

If you are buying a property in an estate or a cluster home complex, ensure the homeowners' association has a formal policy covering the letting of homes in the development as well as the obligations of the owners who decide to become landlords.

This is to protect property values in these developments, says Gerhard Kotze of RealNet.

"Most tenan...

Landlords need help to avoid 'iceberg of consumer debt

16 May 2017

Like most other consumers in SA, residential tenants are under considerable financial pressure at the moment, and battling to meet all their commitments.

And the longer this situation continues, the more likely it becomes that there will be an increase in rental defaults, says Greg Harris of Chas Everitt Property Rentals.

"At the moment, landlo...

Your property could pose a problem on your death

09 May 2017

Even with everything in place, heirs need to know that concluding an estate can be a lengthy process.

Your home is probably the biggest financial asset you will possess, but what happens to that home when you die? It largely depends on whether you made out a will or not.

"Finalising a deceased estate is a fairly complex process, one which is ma...

Property purchases: what constitutes a breach of contract

09 May 2017

When a transfer of a property is to take place, it is through the offer to purchase (OTP) (or sale agreement), which has to be in writing that all the conditions of the sale are named and made binding.
Property purchases: what constitutes a breach of contract

This is according to Nelio Mendes, marketing manager of estate agency SAProperty.com, who ...

Should you still be investing in property?

08 May 2017

The country's economic climate and downgrade to junk status has many people concerned for their financial well-being, particularly those who hold major investments.

Prospective buyers are among those re-evaluating their positions because, although property professionals maintain "the best time to buy is when everyone else is afraid to", there are genu...

Dealing with damage at a rental property

08 May 2017

It's interesting how model rental property tenants often morph into nightmare tenants when they move out. Sadly, the combination of damage left to the property with unpaid utility bills and rent is often enough to completely wipe out any returns the owner might have hoped to make for the year.

PayProp CEO Louw Liebenberg says that most damage cases ar...

Dealing with blacklistings

05 May 2017

If a prospective homeowner has not kept up to date with their credit bureau reports, they may be in for a surprise when they apply for finance.

A large number of potential buyers are referred by their estate agents to attorneys if they have a blacklisting against their name that is preventing them from obtaining a bond, says Adrian Goslett of RE/MAX.<...

Is switching your homeloan worthwhile?

05 May 2017

During the property boom years of 2006 and 2007, switching home loans from one bank to another was a fairly common practice among homeowners in South Africa.

However, this has diminished over the years and as banks tightened their lending criteria, it was not as easy for homeowners to switch and the trend lost some traction in the years that followed ...

Tax tips for landlords

04 May 2017

Owning a rental property portfolio that provides an income is much like owning a business, and as such there are tax implications and dues that need to be paid to the South Africa Revenue Service.
Landlords are required to declare the total amount of rental income received as gross income and they will be taxed at the marginal income tax rate, applying to...

Purchasing a rented home

04 May 2017

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now?
Purchasing a rented home

Because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell.

The...

Redefine frugal after buying portfolio

03 May 2017

Redefine International, the Western-European focused real estate investment trust, says it is holding on to its cash and bedding down its German shopping acquisition before plunging back into a competitive retail market.
Redefine frugal after buying portfolio

The group also adjusted its dividend policy in the six months to February, cutting its pay...

Sectional titles: role of body corporate explained

03 May 2017

In the past 10 years, the number of sectional title schemes in SA has risen exponentially, and the latest figures show that there are currently well over 700,000 sectional title homes in the country, estimated to house more than 6-million people.
Sectional titles: role of body corporate explained

What is more, property data company Lightstone puts ...

Property buyers eye fast internet

26 Apr 2017

Fibre-optic internet connectivity, with its lightning fast speed and reliability, is the new technological hype in the country, and is also becoming an expectation of property buyers.

Such is the demand - among business people, students, and even just families - most new property developments are being built with fibre installations.

There are ...

Purchasing a rented property

26 Apr 2017

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now?

Adrian Goslett of RE/MAX says that because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell.
...

Selecting a commercial investment property

25 Apr 2017

Selecting a specific asset class in which to invest can be an overwhelming task for a new or first-time commercial property investor.
Selecting a commercial investment property

Breaking down the decision into its simplest components and assessing the options from an educated vantage point is the key to getting started, says Leon Breytenbach, nation...

How to avoid being turned down for a home loan

24 Apr 2017

When you apply for a home loan, lenders will look at many factors before deciding whether to approve your application or not - and if you don't "pass the test" for any one of these they are quite likely to turn you down.

"This is why it is so important for prospective borrowers to make sure their finances and credit records are all in order before the...

Do you know what your property is worth?

24 Apr 2017

It's a great irony in the property business: having bought a dream home, and invested more in it than in any other asset we own, more than any asset we're ever likely to own, we don't really know our property's value.
Do you know what your property is worth?

Often, we don't realise this. After all, most of us are working off a bond, so we can give ...

Junk status 'could boost buy-to-let sales'

19 Apr 2017

Two property markets should gain momentum in the aftermath of South Africa's downgrading to junk status: the rental market and the Western Cape property market with semigration likely to continue unabated.

While the effects of the downgrade are likely to be felt only next year, the psychological impact could see South Africans being extra cautious whe...

How to become a property investor - the fundamentals

19 Apr 2017

Neale Petersen, founder and publisher of Real Estate Investor Magazine, kicked things off at the recently launched Property Buyer Show. The

Financial freedom

Property is the way to go if you want to achieve financial freedom, said Petersen, but it's a long-term game. What makes it such a compelling sector is that everyone has to live somewhere...

What to look for when investing in property

18 Apr 2017

Sandra Gordon, head of Pam Golding Properties Research, provided advice at the inaugural Property Buyer Show on what to look for when investing in property.
You have to do your homework, she said, in order to identify the areas of the market that are performing well. You can't base your investment decisions on oversimplified data as the South African prop...

How to protect your property investment, keep it profitable

18 Apr 2017

New or first-time commercial property owners should take precaution against certain situations in order to keep their investments safe and profitable. This is according to Leon Breytenbach, national manager of the Rawson Property Group's commercial division, who advises a little advance planning to avoid or minimise such problems.

Unplanned vacancies<...

How to become a property investor - the fundamentals

12 Apr 2017

Neale Petersen, founder and publisher of Real Estate Investor Magazine, kicked things off at the recently launched Property Buyer Show. The
Petersen, who's been involved in the property game for over 25 years, discussed the required mindset to becoming a property investor. He was part of the Property Investor Theatre Programme lineup.

Financial fr...

The process of rezoning or subdividing

12 Apr 2017

Homeowners who are looking to rezone their property for business use or subdivide to sell a portion of their land may be in for a longer ride than they initially expected.
The process of rezoning or subdividing

Whether applying to rezone or subdivide a property, the application will need to follow a number of procedures before it is considered, whi...

Property market faces 'grim' period but 'it's not all doom and gloom'

11 Apr 2017

South Africa's downgrading to junk status has sounded warning bells for the South African economy, and property owners as well as buyers are considering its implications.

Its major effect on consumers in general is that interest rates will inevitably rise, says Erwin Rode, CEO of Rode and Associates.

"And if they do not rise sufficiently, infla...

New bill gives property buyers more protection

11 Apr 2017

A bill governing estate agents and other property practitioners has been gazetted by Parliament, and if passed, will finally give consumers an added level of protection against illegal and unscrupulous agents.

The Property Practitioners Bill, published on March 31, aims to replace the Estate Agency Affairs Act and has been welcomed by industry profess...

Commission cutting is not the answer in a market downturn

29 Mar 2017

Estate agent commission cutting on home sales, which was rampant during the 2008 economic downturn, is making a re-appearance in the current residential property market downturn.
Commission cutting is not the answer in a market downturn

It is a path that existing and potential home sellers with best-price aspirations should either walk with care, o...

Accurate property valuation key to speedy, successful sale

29 Mar 2017

The highest appraisal is not necessarily the best appraisal; the valuation of a property is one of the key factors in determining how long it remains on the market and for a seller it's crucial that an accurate, market-related price be ascribed to a home.
House in the Hen and Chicken Estate in Cape Town's southern suburbs.
House in the Hen and Chicken ...

What's the big deal with rental inspections?

28 Mar 2017

Incoming and outgoing inspections are required by law under the Rental Housing Act. Despite this, many people consider inspections to be a formality at most. Jacqui Savage, the Rawson Property Group's national rentals development manager, explains why this can be a very dangerous stance to take.
What's the big deal with rental inspections?

"The inc...

What happens to a home when the owner passes away?

28 Mar 2017

The answer depends on whether the owner had a will or not says Bruce Swain, MD of Leapfrog Property Group.
What happens to a home when the owner passes away?

"Finalising the estate of a deceased relative is a fairly complex process, one which is made infinitely more costly and time consuming if said family member died intestate (without a valid wil...

Ban on direct land-owning by foreigners

22 Mar 2017

The SA government has proposed a new law banning foreigners from directly buying agricultural land in South Africa.

Non-residents will be allowed to take long leases on the properties, or the land should be majority-owned by a black South African, according to the Regulation of Agricultural Land Holdings Bill, published in the Government Gazette on Fr...

FNB reports mild rise in secondary home buys

22 Mar 2017

There has been a mild improvement in the buying of secondary homes, such as holiday homes, homes for use by a relative and buy-to-let homes, in line with signs of an improved economic environment.

FNB reported that the estimated percentage of secondary home buying had risen to 14.47 percent by the first quarter of this year after slumping to a low of ...

Understanding fair wear, tear in commercial rental agreements

20 Mar 2017

Commonly used in commercial rental agreements, fair wear and tear is a phrase essential to understand in the context of a commercial lease.
Understanding fair wear, tear in commercial rental agreements

"Perhaps the most helpful thing to understand is how this term is defined and its distinction to the damage of a property," says Leon Breytenbach, n...

Unpacking new property legislation

20 Mar 2017

With a few significant changes on the cards for the South African property sector in 2017, Just Property recently caught up with Cor Van Deventer of Greyvensteins to ask him for some of his insights on the Expropriation Bill and the Protection of Investment Act.
Unpacking new property legislation

The Expropriation Bill

"The Expropriation Bil...

Lightstone predicts a buyer's market for 2017

17 Mar 2017

It's a buyer's market in 2017, according to the Lightstone house price forecast for this year.
This year Lightstone predicts slow to sluggish growth in house prices of between 0.2% and 2.3%. In 2016 it predicted a 3.5% increase in house price growth, once again its prediction came close - the year ended off on 3.4%.

Nationally house price inflation...

Demystifying the rental agreement

17 Mar 2017

The days of 10% increases when renewing the lease on your house or flat are all but extinct. In tough economic times good landlords and good tenants should find ways to negotiate creatively if they value their relationships.
Demystifying the rental agreement

Lew Geffen, chairman of Lew Geffen Sotheby's International Realty, says: "Until a few years...

Separate meters for water and electricity in ST schemes

16 Mar 2017

There's no doubt that the best way to manage the costs of services such as water and electricity in sectional title schemes is by having separate meters installed for each unit.

Even better would be to have prepaid meters for these services as owners only use what they pay for, says Mandi Hanekom, operations manager of sectional title finance company ...

Great if you're buying this year - not so much if you're selling

16 Mar 2017

The Lightstone house price forecast for 2017 is out, and it's looking great - if you're a buyer.

For sellers, the news is not that good: the forecast shows current homeowners are continuing to lose real value on their properties.

Lightstone is predicting a downward trajectory with slow to sluggish growth in house prices of between 0.2% and 2.3%...

What you need to know when you buy off-plan

14 Mar 2017

As with any large financial investment, there are potential drawbacks buyers need to be aware of when buying a property off-plan.
What you need to know when you buy off-plan

"Buying off-plan is especially attractive to first-time buyers as there's no transfer duty (VAT's included in the price) and most people struggle to save up the deposit to purc...

Figures dispel house price myth

14 Mar 2017

Don't overcommit when you buy a home, says John Loos, household and property sector strategist at FNB Home Loans.

His warning comes hot on the heels of FNB's January 2017 estimate of 12.3% of homes nationally being resold at a loss to the owner.

While this is not at alarming levels, it is indicative of a market slowing down.

"It is not s...

How tenant churn could impact profitability

13 Mar 2017

Tenants, as the main source of income for commercial buildings, are key, thus tenant retention should be a primary focus for building owners and managers.

This is according to Gregg Huntingford, CEO of Spire Property Management, who says that it is more cost-effective to keep your current tenants happy than to find new ones.

Tenant churn can si...

Changes to laws make rental contracts more complex

13 Mar 2017

Until a few years ago, lease agreements included standard annual increases and a seven-day's notice with material breach to terminate.

But this is no longer the case, says Lew Geffen, chairman of Lew Geffen Sotheby's International Realty.

Contracts have become more complex with amendments to the Rental Housing, Consumer Protection and National ...

Property indices shake-up

09 Mar 2017

The JSE is expected to introduce three new indices to replace the current South African property index (Sapy) within the next three to four months, an eagerly awaited move which industry players believe will further boost the size and stature of listed real estate as an asset class.
Property indices shake-up

The JSE embarked on a process to improve...

More properties selling below purchase price

09 Mar 2017

The percentage of properties sold below their original purchase price increased to 12 percent in January this year from 9.8 percent in August last year.

This is based on a residential-dominated sample compiled by FNB on the deed office property data registered by individuals for properties that exchanged hands for R10 million or less.

John Loos...

Direct property or unit trusts - which is best?

08 Mar 2017

A very interesting question almost every investor asks themselves is: "If I want to invest money, do I need to buy a property, keep my money in the bank to earn fixed interest rates or invest in stocks?"

This is a difficult question to answer simply. All of us have an ambition to invest our hard-earned funds as optimally as possible to ensure we maxim...

'Hive living' increasingly popular

08 Mar 2017

As many consumers feel the financial constraints of higher living costs, coupled with the rising property prices, more and more people have turned to hive living as means to get into the property market.

Essentially what this entails is several generations of a family purchasing a property that they can live in together, says Adrian Goslett of RE/MAX....

Commercial property still important asset class for private buyers

07 Mar 2017

With 27% of global transaction volumes attributed to private buyers in 2016, commercial real estate remains an important asset class for private investors. The 2017 Knight Frank Attitudes Survey data shows that a full quarter of private client wealth is held in real estate investments (excluding their primary residence and second homes). This varies signific...

Interest rates cut expected later in year

07 Mar 2017

Old Mutual Investment expects the South African Reserve Bank (Sarb) to cut interest rates by 50 basis points in the second half of the year due to a stabilising rand and lower inflation outlook, it said yesterday.

Old Mutual Investment's senior economist, Johann Els, said the first half of the year was likely to be tough, due to the tax hikes announce...

Questions to ask the conveyancing attorney

06 Mar 2017

Ownership of a property takes more than a signature on an Offer to Purchase or for that matter the payment of the purchase price.

The property needs to go through the process of transfer and needs to be registered in the new buyer's name at the Deed Registry Office, which is where the services of a conveyancing attorney are required.

The proces...

Fears over property bill implications

06 Mar 2017

Speculation was rife this week as to what the new Property Practitioners Bill 2016 will include, with many estate agencies and organisations raising concerns it could over-regulate the industry with a dire outcome.

The cabinet on Wednesday announced that the bill would be gazetted for public comment (probably in the next few weeks). It repeals the Est...

Is it possible to terminate a lease agreement without recourse?

20 Feb 2017

If tenants terminate their lease agreement before expiry, is it possible to do so without being in breach of the contract?

According to Adrian Goslett of RE/MAX the answer to the question will depend on the cancellation clause within the lease agreement.

"Unless there are grounds for cancellation of the agreement, which are stipulated in the ca...

'Costs and compliance retard property industry transformation'

20 Feb 2017

During his State of the Nation address last week President Jacob Zuma commented on the property market noting that less than 5% of the sector is managed by people of colour and Africans in particular.

Jan le Roux, Chief Executive of the Real Estate Business Owners of South Africa (REBOSA), concedes that the residential sales market is undoubtedly domi...

Look out for restrictions on your property

17 Feb 2017

Owning a property does not mean that the owner is entitled to do whatever they want to the property. Every property in South Africa that is privately owned is subject to certain control measures, which may restrict the owner from making the changes they desire.
Look out for restrictions on your property

Before purchasing a home it is in the buyer's...

Reviving brownfield sites to create mixed-use communities

17 Feb 2017

The South African Property Owners Association's (SAPOA) 2016 Q4 Office Vacancy Report says that the office sector is still firmly entrenched in its recovery phase although this is becoming increasingly fragile as a result of the sectors macro drivers.
Hassan Shaikh, founder of Revolve
Hassan Shaikh, founder of Revolve
In Gauteng, Sandton has lost a ...

Should you buy property together?

16 Feb 2017

Property is pricey and for many first time home owners the only way to get onto the property ladder is by doing it with a partner.
Should you buy property together?

If you take into account that the average monthly salary is R12,715 (according to BankservAfrica) and that reports indicate that small properties were selling for around R867,014 in 201...

Good city governance enhances home values

16 Feb 2017

It is a global real estate fact that well-managed cities that are clean, relatively crime-free, with solid infrastructure and reliable service delivery, invariably protect " and grow" home values within their municipal boundaries.
Good city governance enhances home values

Cape Town, which has for some time been the top performing large-metro reside...

Crime affects Westville property prices

14 Feb 2017

The recent surge in housebreakings and robberies in Durban's Westville is having a negative effect on property prices in the upmarket suburb.

The Westville property market has been left shaken by the recent spate of crime in the area.

According to estate agents, more homes have gone on sale in the neighbourhood in recent months. However, home o...

New mortgage lending: 2017 may be weaker than 2016

14 Feb 2017

The South Africa Reserve Bank Leading Indicator has recently started to edge higher, a reflection of some recent global economic growth improvements which can contribute, along with domestic drought alleviation, to mildly higher economic growth this year.

However, it may be some time before this translates into positive growth in new residential mortg...

What rights do squatters actually have?

13 Feb 2017

Here we examine what "squatter rights" are in the context of the South African Law of Landlord and Tenant, in relation to both commercial and residential property.
What rights do squatters actually have?


A squatter is any person or organisation that continues to occupy a property when they have no legal right do so. This could include a person ...

The ins and outs of buying a real estate franchise

13 Feb 2017

The real estate industry is rife with opportunity, and running your own property business can be an extremely attractive idea - but it's not something you can jump into without a bit of preparation.
"In order to own and operate a real estate business, you need to complete your NQF5 qualification and get a principal-level Fidelity Fund Certificate from the...

CT, Joburg feature on index of luxury investment destinations

10 Feb 2017

Cape Town and Joburg have made the top 50 international housing markets favoured by ultra-high net worth (UHNW) individuals purchasing luxury real estate, according to the Global Property Handbook's Alpha Cities Index.

Wealth-X, in collaboration with Barnes International Realty and Warburg Realty, recently released the handbook which explores the real...

Your eight-point checklist for choosing student digs

10 Feb 2017

Upon acceptance into a university far from home, one of the top items on that to-do list is finding accommodation. The universities and FET colleges simply do not have enough accommodation on campus for all their students. Therefore, the onus falls on the students and their parents to find a suitable place for them to live and study for the duration of their...

Home loan lenders taking a more prudent approach

09 Feb 2017

Home loan lenders have adopted a slightly more cautious lending approach, according to mortgage originator ooba.

Rhys Dyer, the chief executive of ooba, said yesterday that evidence of this was the 5.5 percent year-on-year increase in the average deposit as a percentage of purchase price in the fourth quarter of last year.

ooba said the average...

Tenant mix: "sweet spot" between convenience and experience

09 Feb 2017

There are many factors that contribute to the success - or otherwise - of a shopping centre, and getting the right tenant mix is up there at the top of the list.
"First impressions count," says Olive Ndebele, general manager of Menlyn Park Shopping Centre. "We want our customers to be blown away by what we're offering. We want them to find not only every...

Dealing with defects

08 Feb 2017

The Consumer Protection Act (CPA) was introduced to protect consumers engaged in commercial transactions with businesses to avoid the consumer being treated unfairly. Unless a property buyer is purchasing a home from a developer or speculator whose ordinary course of business is to sell properties, the CPA does not come into play and the buyer will not fall ...

The age of the access-bond is not over

08 Feb 2017

Two banks this week rubbished a claim made by a non-bank lender that "the age of the access bond is over". Access bonds are alive and well, and borrowing through your home loan remains one of the cheapest forms of credit.

However, the days of having unfettered access to the equity in your property have long been a thing of the past.

Before the ...

New sectional title regulations leave owners, agents confused

07 Feb 2017

The Sectional Title Schemes Management Act (STSMA), which came into operation on 7 October 2016, has left many sectional title owners and managing agents confused, according to the South African Institute of Charted Accountants (SAICA). The Act is twinned with the Community Schemes Ombud Service Act (CSOSA). SAICA says it has been inundated with queries from...

What to consider before buying a real estate franchise

07 Feb 2017

Running your own property business is not something you can jump into without a bit of preparation, says Walter Hart, the Rawson Property Group's business expansion manager. He provides advice on the most important factors to consider, and explains the benefits of joining a national brand instead of starting out completely on your own.
What to consider be...

Are companies in business rescue protected from eviction?

06 Feb 2017

This article examines the case of Kythera Court v Le Rendez-Vous Cafe CC and Another 2016, which deals with the eviction of a close corporation undergoing business rescue proceedings in terms of s129 of the Companies Act, 71 of 2008 (the Act).
Are companies in business rescue protected from eviction?

The Respondent is Le Rendez-Vous Cafe CC, tradin...

This factor will be key to a residential property market recovery in 2017

06 Feb 2017


The residential property market in South Africa did not perform well last year and one factor had a bigger effect than others, according to the head of one of SA's leading estate agents.

Consumer confidence as a driver of long-term decision making will be the key to the recovery of the residential property market in 2017.

While rebounding s...

What are landlord vs. lessee rights during sale of tenanted property?

03 Feb 2017

Tenant rights and obligations are not automatically forfeited when a landlord puts their property up for sale. Selling a rental with a tenant in residence isn't always an ideal situation, but the laws and processes in place are designed to treat all parties as fairly as possible.
What are landlord vs. lessee rights during sale of tenanted property?

What happens to your rental deposit?

03 Feb 2017

It is general practice for landlords to request a deposit from their tenants before they move into a property. According to Section 5 of the Rental Housing Act, No. 50 of 1999 a landlord is legally entitled to request a deposit from their tenants.

The amount that the tenant will be required to pay as a deposit is stipulated in the lease agreement, whi...

How the interest rate impacts the property market

02 Feb 2017


South Africans breathed a sigh of relief when the South African Reserve Bank kept the repo rate at 7% this month.

With the majority of current and prospective homeowners dependent on home loans to purchase property, any fluctuation in the interest rate has a major impact on the property market. "Stability in the interest rate will build consumer c...

When is your rent due?

02 Feb 2017

Tenants have a particular responsibility when it comes to the payment of their rent, and failure to do so can be regarded as a breach of contract. Here are the myths and truths surrounding the correct procedure of paying your rent.

This is stipulated in your lease. If you are doing an EFT, the money must reach the landlord's bank account by the appoin...

Rates decision welcomed amidst challenging economy and property market

31 Jan 2017

Today's decision by the Monetary Policy Committee of the SARB (South African Reserve Bank) to keep the interest rate at the current level of 7% (home loan base rate of 10.5%) for the fifth successive meeting is most welcome news, says Samuel Seeff, chairman of the Seeff Property Group.

With so much political and economic uncertainty and pressure on th...

First-time home buyers should act sooner rather than later

31 Jan 2017

The average home loan instalment has gone up by almost R700 a month - despite the fact that buyers are currently also paying much bigger deposits than they did a year ago.

"This represents a clear decline in affordability for first-time buyers, who we believe should make a decision as soon as possible because it is only going to become increasingly di...

The interest rate and how it impacts the market

30 Jan 2017

South African Reserve Bank governor, Lesetja Kganyago announced recently at the first Monetary Policy Committee meeting of 2017 that the repo rate will remain unchanged at 7% with the prime lending rate staying at its current figure of 10.5%. Good news for consumers as the country heads into another year of predicted slow economic growth.
The interest rat...

Know the risks before building Airbnb castles in the sky

27 Jan 2017

With about 7,500 Airbnb hosts in South Africa in June 2016, the fast growing industry has boosted short-term letting in the country as property owners list their apartments and homes to attract travellers and charge daily accommodation rates.
Know the risks before building Airbnb castles in the sky

"We are finding about 50% of buyer enquiries in Se...

Growing legal shift away from voetstoets clause

27 Jan 2017

Property sellers should not rely on the "blind protection" of the voetstoets clause if they don't have approved building plans, warns Liesel Greyvenstein, one of the directors of Greyvensteins Attorneys.
Liesel Greyvenstein, director, Greyvensteins Attorneys
Liesel Greyvenstein, director, Greyvensteins Attorneys
According to Greyvenstein, there is a...

Should equity in the bond be used for debt?

26 Jan 2017

Often car loans and credit cards accrue interest at a much higher rate than a home loan, which is why many people decide to take equity out of their home loan to pay off their other debts. Focusing on paying off debt with the highest interest rate is a very good financial strategy to implement, but is using a home loan to do it the best idea?
Should equit...

Could good things lie ahead for the local property market in 2017?

26 Jan 2017

In the past, there has always been an uptick in the real estate market in April - after prospective buyers and sellers have reviewed their finances and had a look at what is on offer.
Could good things lie ahead for the local property market in 2017?

Chas Everitt Nelson Mandela Bay principal Charlotte Vermaak believes there are good things in store...

New build homes now 30 percent more expensive than existing ones

25 Jan 2017

Residential building growth is expected to remain weak this year, aggravating the plight of the building sector.

John Loos, a household and property sector strategist at FNB, attributed this to the percentage price gap between new and existing homes.

Loos said FNB estimated the percentage by which average full title home replacement costs excee...

Interest rates decision welcome news for homeowners

25 Jan 2017

Today's decision by the Monetary Policy Committee of the South African Reserve Bank to keep the interest rate at the current level of 7%, with home loan base rate of 10.5%, for the fifth successive meeting is most welcome news, says Samuel Seeff, chairman of the Seeff Property Group.
"A rate cut would have been much better, but we will take any good news ...

Tiny houses are big elsewhere - but in SA?

24 Jan 2017

The tiny house movement was started in the US by young singles or childless couples who could afford decent housing but balked at the thought of spending up to half their incomes to service 20-year home loans.

Instead of saddling themselves with 200m2 dream homes with manicured lawns and swimming pools, they choose to downsize drastically without comp...

Why it's a good idea to simplify sectional title meetings

24 Jan 2017

While the new Sectional Title Schemes Management Act (STSMA) repealed several provisions of the Sectional Titles Act of 1986 (STA), the one does not replace the other entirely, explains Mandi Hanekom, operations manager of sectional title finance company Propell.
Why it's a good idea to simplify sectional title meetings

The STSMA primarily deals wi...

This factor will be key to a residential property market recovery in 2017

23 Jan 2017


The residential property market in South Africa did not perform well last year and one factor had a bigger effect than others, according to the head of one of SA's leading estate agents.

Consumer confidence as a driver of long-term decision making will be the key to the recovery of the residential property market in 2017.

While rebounding s...

The Baby Boomer generation is renowned for being non-conformist - and its members are once again doing things differently when it comes to deciding where to live in their later years.

23 Jan 2017

"Not only are they downsizing, which is to be expected," says Gerhard Kotz', MD of the RealNet estate agency group, "but now a large percentage are choosing to rent rather than buy, which is quite surprising since 'Boomers have typically been big advocates of home ownership."

In SA, he says, this may be happening to some extent because of the shortage...

SA property and politics: what you can expect in 2017

20 Jan 2017

Consumer confidence as a driver of long-term decision-making will be the key to the recovery of the residential property market in 2017.
"If consumers can lift their heads and start to see some light at the end of the tunnel, the pent up demand from cautious buyers that we have seen building in 2016 may release and kick start the recovery in the market to...

Property ownership: planning ahead, a smart move

20 Jan 2017

It may be counterintuitive to think about retirement when buying your first apartment or family home, but according to Bill Rawson, chairman of the Rawson Property Group, planning ahead can be a very smart move.
Property ownership: planning ahead, a smart move

"Property is a long-term commitment, but it's not necessarily a lifelong commitment," say...

Insurance implications of a flawed property valuation

19 Jan 2017

The property valuation system in Cape Town was recently under question when investigations revealed the value of some properties were increased, which led to increased tariffs and taxes for homeowners.

A flawed property valuation could have a severe financial impact for the homeowner and lead to big financial loss in the event of an insurance claim.

A buyer's guide to keeping track of properties

19 Jan 2017

While it may sound like a reasonably easy thing to do, finding the ideal home may take a little more time and effort than most expect, especially if the potential buyer doesn't follow any specific process.

Luckily much of the stress related to finding the perfect property can be reduced with the right methods in place, according to Adrian Goslett of R...

Create a good first impression without breaking the bank

18 Jan 2017

According to Richard Smith, assistant manager of Pam Golding Properties' Hyde Park office, you really don't have to break the bank to make your home more marketable.
Image source:
Image source: www.pixabay.com
Although maintaining and improving your home regularly is always wise, spending large amounts of money on upgrades does tend to lower your po...

'Intrusive' Oracle plans put on hold

18 Jan 2017

Cape Town planners have been sent back to the drawing board in a five-year battle over the "intrusive" addition of four floors to a city centre building.
'Intrusive' Oracle plans put on holdJudge Ashley Binns-Ward, in a Cape Town High Court judgment on Friday, 13 January, was scathing about the decision by the council's former head of building development...

How to pick the right development real estate specialist

16 Jan 2017

Developers are a very special breed of entrepreneurs, they take on the significant risk of bringing a product to market and delivering on their promises to purchasers. The process can take many years to bring to fruition, and the red tape that needs to be negotiated is not for the faint-hearted. The rewards can be great but so are the risks.
"When a devel...

Is it worthwhile buying a fixer-upper?

16 Jan 2017

Purchasing a fixer-upper can be an extremely beneficial financial endeavour. However, only if the buyer has taken the time to do their research and followed the right procedures to ensure they are making a sound investment decision.
Is it worthwhile buying a fixer-upper?

Irrespective of the kind of property the purchaser is interested in buying, it...

Are you financially prepared to be a homeowner in 2017?

13 Jan 2017

Since the National Credit Act came into effect, prospective homebuyers have been required to have their financial affairs in order before they apply for a bond. While banks have become slightly less stringent since the act's inception, financial institutions are likely to tighten up their lending criteria in 2017 and bond applicants will be put through their...

New financial product does away with rental deposit

13 Jan 2017

In today's economy, it isn't easy for every tenant to produce a sizeable deposit to secure a property. But often two or even three months' worth of rent is required, making many tenants fall short of consideration.

Jawitz Properties in conjunction with oobainsure (the insurance arm of the bond originator, ooba) has launched a product called Rent Prote...

House about a change?

12 Jan 2017

PropertyFox has predicted an evolving residential property market for South Africa in 2017. After many decades of very little movement, things are starting to shift rapidly in South Africa's residential property market, it says.
House about a change?

"We anticipate 2017 will be a time when the industry disruption which has been gathering steam this...

It's cheaper to buy an older home than build your own

12 Jan 2017

Construction, and especially residential construction, is a major creator of employment and ultimately also of housing demand, so it is always worrying when the home-building sector goes into decline.
According to the report, Rawson says the number of plans passed for new homes showed an overall year-on-year decline of 8.4% during this period to just over...

Developing Africa's future cities

10 Jan 2017

Cities are "smart" when infrastructure, urban assets, public services, human and social capital, mobility systems and other forces are improved and optimised under ICT. The important benefit is higher economic growth, better quality of life for citizens and a more responsible form of stewardship over natural resources. However, the creation of such futuristi...

Expect slowing property price growth in 2017, with a few exceptions

10 Jan 2017

The residential property market has had its ups and downs during 2016 as the economy stagnates, the Reserve Bank started hiking interest rates again and consumers struggle with household debt-to-income. What's in store for 2017; slowing property price growth - with a few notable exceptions - an increase in demand for smaller properties, specifically sectiona...

Banks need to engage before foreclosing

09 Jan 2017

If you are struggling to pay off the home loan on your primary residence and miss a few payments, your home-loan provider cannot foreclose on your debt and repossess your property without first attempting to reach an agreement with you on restructuring your loan so that you can keep your home.

In a recent case that went to the Supreme Court of Appeal,...

Negative aspects that influence property values

06 Jan 2017

Research reveals that it only takes a prospective buyer a few minutes to decide whether they like a home or not, which is why it is essential that the home makes an excellent first impression.
Negative aspects that influence property values

While there are certain things that sellers can do to ensure that their home is in its best possible conditio...

How schools impact value of homes

06 Jan 2017

Purchasing a property is a large financial commitment, and as such, there are several vital aspects that buyers need to consider before taking the final step towards homeownership. While price and the type of home are a few of the factors that require buyers' attention, the most crucial aspect to consider is location.
How schools impact value of homes
...

Ensure your building dreams don't turn into a construction nightmare

05 Jan 2017

Renovating, or adding extra rooms, is one of the best ways to improve the value of your home, but how do you make sure that your building dreams don't turn into a construction nightmare?
Ensure your building dreams don't turn into a construction nightmare

The importance of consulting a fully qualified and registered architectural professional canno...

Airbnb 'rentability' may be pushing up the sale prices of apartments

05 Jan 2017

The short-term letting platform, Airbnb, allows property owners to list their apartments and homes to attract travellers and charge daily accommodation rates.

In June, there were about 7 500 Airbnb hosts in South Africa, and it is fast becoming an industry on its own.

"We are finding about 50 percent of buyer enquiries in Sea Point specifically...

Understanding the bond application process

04 Jan 2017

Currently in South Africa around four out of every five people who want to purchase a property will require a financial institution to provide the necessary finance for the transaction. Essentially, what this means is that the majority of property transactions in this country are financed in one way or another.
Understanding the bond application process

South African estate agent voted world's best

04 Jan 2017


International Best Real Estate Agent, Debra Maddocks of Tyson Properties scores a hat trick in London.

Winner of three of the most sought-after titles in the property industry, the prestigious International Property Awards 2016 Best Real Estate Agent, South Africa, and Best Real Estate Agent, Africa, and, announced at a gala event at the Savoy Hot...
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Areas:

Plettenberg Bay (Houses, Vacant Land, Stands, Apartments, B&B's Developments, Estates, Golf Estates, Townhouses, Guests Houses)

Houses for sale Plettenberg Bay - Homes for sale Plettenberg Bay - Property for sale Plettenberg Bay - Land for sale Plettenberg Bay - Vacant Land for sale Plettenberg Bay - Farm Land for sale Plettenberg Bay - Building Stands for sale Plettenberg Bay - Farms for sale Plettenberg Bay - Plots for sale Plettenberg Bay - Smallholdings for sale Plettenberg Bay - Apartments for sale Plettenberg Bay - Flats for sale Plettenberg Bay - Riverfront Homes for sale Plettenberg Bay - Waterfront Homes for sale Plettenberg Bay - Seafront Homes for sale Plettenberg Bay - Estate Agencies Plettenberg Bay - Estate Agents Plettenberg Bay - Plettenberg Bay Realtors

Plettenberg Bay Apartments for sale - Apartments Plettenberg Bay for sale - Plettenberg Bay B & B's for sale - B & B's Plettenberg Bay for sale - Plettenberg Bay Businesses for sale - Businesses Plettenberg Bay for sale - Plettenberg Bay Commercial Properties for sale - Commercial Properties Plettenberg Bay for sale - Plettenberg Bay Developments for sale - Developments Plettenberg Bay for sale - Plettenberg Bay Estates for sale - Estates Plettenberg Bay for sale - Plettenberg Bay Farms for sale - Farms Plettenberg Bay for sale - Plettenberg Bay Game Farms for sale - Game Farms Plettenberg Bay for sale - Plettenberg Bay Golf Estates for sale - Golf Estates Plettenberg Bay for sale - Plettenberg Bay Guest Houses for sale - Guest Houses Plettenberg Bay for sale - Plettenberg Bay Houses for sale - Houses Plettenberg Bay for sale - Plettenberg Bay Townhouses for sale - Townhouses Plettenberg Bay for sale - Plettenberg Bay Vacant Land for sale - Vacant Land Plettenberg Bay for sale - Plettenberg Bay Properties for sale - Properties Plettenberg Bay for sale

Keurbooms (Agricultural Properties, Apartments, Clusters, Cottages, Estates, Flats, Golf Estates, Houses, Lodges, Retirement Villages, Smallholdings, Townhouses)
Plett Central (Agricultural Properties, Apartments, Clusters, Cottages, Estates, Flat, Golf Estates, Houses, Lodges, Retirement Villages, Smallholdings)
Knysna (Apartments, B&B's, Businesses, Commercial Properties, Developments, Estates, Farms, Golf Estates, Guesthouses, Houses, Townhouses, Vacant Land)

Knysna Apartments for sale - Apartments Knysna for sale - Knysna B & B's for sale - B & B's Knysna for sale - Knysna Businesses for sale - Businesses Knysna for sale - Knysna Commercial Properties for sale - Commercial Properties Knysna for sale - Knysna Developments for sale - Developments Knysna for sale - Knysna Estates for sale - Estates Knysna for sale - Knysna Farms for sale - Farms Knysna for sale - Knysna Game Farms for sale - Game Farms Knysna for sale - Knysna Golf Estates for sale - Golf Estates Knysna for sale - Knysna Guest Houses for sale - Guest Houses Knysna for sale - Knysna Houses for sale - Houses Knysna for sale - Knysna Townhouses for sale - Townhouses Knysna for sale - Knysna Vacant Land for sale - Vacant Land Knysna for sale - Knysna Properties for sale - Properties Knysna for sale

Sedgefield (Apartments, B&B's, Businesses, Commercial Properties, Developments, Estates, Farms, Golf Estates, Guesthouses, Houses, Townhouses, Vacant Land)
George (Apartments, B&B's, Estates, Golf Estates, Houses, Townhouses, Vacant Land)

George Apartments for sale - Apartments George for sale - George B & B's for sale - B & B's George for sale - George Estates for sale - Estates George for sale - George Golf Estates for sale - Golf Estates George for sale - George Houses for sale - Houses George for sale - George Townhouses for sale - Townhouses George for sale - George Vacant Land for sale - Vacant Land George for sale - George Properties for sale - Properties George for sale

Garden Route (Apartments, B&B's, Businesses, Commercial Properties, Developments, Estates, Farms, Golf Estates, Guesthouses, Houses, Townhouses, Vacant Land)
Klein Karoo (Apartments, B&B's, Businesses, Commercial Properties, Developments, Estates, Farms, Golf Estates, Guesthouses, Houses, Townhouses, Vacant Land)
Uitenhage (Apartments, B&B's, Businesses, Commercial Properties, Developments, Estates, Farms, Golf Estates, Guesthouses, Houses, Townhouses, Vacant Land)

Property Types:

Apartments (Plettenberg Bay)
Farms (Agricultural, Commercial)
Homes (Plettenberg Bay)
Stands (Plettenberg Bay, Natures Valley)
Garden Route

Developments:

Developments (Barons View Beau Rivage Brackenridge, Fish Eagle Bay, Goose Valley, Keursands, River Club, Sanderlings, Schoongezicht, Turtle Creek, Twin Rivers, Whale Rock)

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