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Property News - 02 October 2014

FROM THE EDITOR

After proving to be a viable model in early production of video games, tech gadgets and motion picture, crowdfunding has finally hit the real estate market. This online technique of where strangers collaborate to raise capital for a certain venture was made popular by Kickstarter and today, more and more individuals in the US and abroad are taking note of this new way of investing their money in real estate. To learn more about this new way of investing in the property market, read an article titled Real Estate Crowdfunding: Thinking Locally, Acting Globally.

It has been reported that the main economy sectors such as construction, mining and quarrying, finance, insurance and real estate business, government services and agriculture, fishing and forestry have suffered a productivity dip. In the agriculture, forestry and fisheries sector, there was an increase in the real output growth rate of 2.2% in 2013. The increase occurred despite a decrease in labour productivity growth rate of -6.8% in 2013. For more information on this story, read an article titled Productivity in South Africa dips in key sectors.

According to research, sellers and buyers often find themselves in a jam when it comes to finalising property transactions. During a property transaction both sellers and buyers have certain responsibilities and obligations that they need to address before the home can change ownership. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that aside from the deposit requirements that most purchasers will have to adhere to in order to obtain finance, there are several other costs that they will need to prepare for. He explains further in an article titled A property transaction - Who is responsible for which costs?

We also have some interesting tips on how to run a Sectional Title Scheme successfully.

Enjoy!
The editor

SAPTG Reports

Property of the Week

Property for sale in Plettenberg Bay

Cutty Sark, Plettenberg Bay, Garden Route
Positioned for intoxicating views that delight the senses

In the News this week

Real Estate Crowdfunding: Thinking Locally, Acting Globally

Thinking Locally, Acting Globally

With news stories emerging daily about crowdfunding for real estate, more and more individuals in the US and abroad are taking note of the new way of investing their money in real estate...
Real Estate Crowdfunding


Productivity in South Africa dips in key sectors

South Africa's key sectors
The main economy sectors include construction, mining and quarrying, finance, insurance and real estate business, government services and agriculture, fishing and forestry...

Productivity in South Africa

Overcoming the affordable housing challenge

Challenges in affordable housing developments

While there has been an increase in the volume of land coming on stream for affordable housing developments over the last few years, there are a number of challenges that need to be overcome in order to sustain this trend...
affordable housing challenge


A property transaction - Who is responsible for which costs?

A property transaction
During a property transaction both sellers and buyers have certain responsibilities and obligations that they need to address before the home can change ownership...
a property transaction

How to get the best rate on your home loan

Getting best rates on a home loan

For most middle class South Africans, buying a house is almost a right of passage. And, with very few exceptions, buying a house means taking out a mortgage to finance it. Only the very privileged ever get to buy a property for cash...
Tips on home loan


Standing surety if unmarried

joint financial transactions

With the increasing occurrence of people choosing not to formalise their relationships by marrying but living together instead, it is inevitable that they will eventually buy a property together but there are certain implications of entering financial transactions jointly that should be pre-empted should things go wrong...
Unmarried couples


How to prevent delays in transferring property

transferring property

All too often conveyancers, the Deeds Office or the City Council are blamed for the delays in transferring properties. In many cases this criticism is well founded, however often delays can be prevented if sellers take certain steps before they sell their property. Sellers are often not aware of these steps...
transferring property


Selling Property in a Gated Community

Good financial planning
Anyone who’s viewed property in a gated community or residential estate will likely have noticed that only a few select agents advertise within the area. This is because many Homeowners’ Associations (HOAs) request that estate agents pay accreditation fees in turn for exclusive marketing rights...
Sound financial planning for sectional title schemes

Quorum requirements for meetings

meetings in sectional title schemes
At general meetings in sectional title schemes the quorum requirements vary according to the size of the scheme: in schemes of up to ten units, 50% of the attendance (in number and value) is needed, in schemes of 11 to 50 units, 35%, and larger schemes 20%. If there is no quorum the meeting must be adjourned...
meetings in sectional title schemes

Backdated municipal service deposits

The City of Johannesburg on Water and Electricity

The City of Johannesburg recently announced that they will be charging retrospective security deposits for electricity and water meters and that two months’ average on municipal bills will be charged directly to their account. This, they say, is in line with the City’s bylaws...Investec Australia Property Fund


Deciding which home to buy - compare apples with apples

compare apples with apples

There are a number of factors which need to be considered when making a residential property purchase, not the least of which is whether you will achieve medium to long term sound capital growth on your investment...
Deciding which home to buy

 


Oliver's House fundraising campaign


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Focus On


Plettenberg Bay, Garden Route, South Africa

Property for sale in Plettenberg Bay
Welcome to Plettenberg Bay; a coastal town in the Garden Route, that was originally named Bahia Formosa which means beautiful bay by ancient Portuguese explorers...
Property for sale in Plettenberg Bay

View properties in Plettenberg Bay

In The Area

The areas we are going to take a closer look at this week are;

  • Plett & Knysna
  • Camps Bay
  • Durban

Increased property sales in Plett & Knysna

Property market in Rustenburg
Acclaimed as a global golfing mecca, the scenic Garden Route has in recent years seen Plettenberg Bay becoming renowned for its polo, with no less than 10 polo fields of international standard and more in the pipeline. Now the Garden Route – and ‘Plett’, is set to further boost the global tourism status of the region...
Property for Sale in Knysna & Plett

Affluent Camps Bay home sellers

Real estate Market in Camps Bay

A spate of media coverage on the Cape Town Atlantic Seaboard suburb of Camps Bay and several articles on the affluent avant garde designs that architects have brought to residential properties in this area have, quite justifiably, created the impression that this is one of the most admired residential precincts in the Western Cape...
the most admired residential precincts in the Western Cape


Durban's CBD peripheral precincts

Real estate Market in Durban's CBD

Durban's Berea area and its satellite suburbs have become some of the most sought after residential accommodation in KwaZulu-Natal...
A big increase in sales turnover




CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.tivvit.com or email: sales@tivvit.com

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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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