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Property News - 03 November 2016

FROM THE EDITOR

Year-on-year, there has been a shift to a buyers’ market, with fewer buyers, more sellers and reduced sales. In the current market buyers look for value and tend to favour similar properties for less in lower-priced suburbs. Read more in State of the residential market

The just releases Affluent Perspective 2016 Global Study reveals that real estate is a growing passion for high-net-worth individuals and that over the next three years the intention to purchase real estate far exceeds the intention to sell, globally as well as in the US, which is where more than half the High Net Worth Individuals (HNWIs) in the world live. Read more in Affluent individuals want more real estate – and more privacy

In Proposed Tax Increases Puts Pressure on Households we read that South Africans are feeling the pressure of a struggling economy - something that’s set to continue into 2017 and beyond. Additional taxes to the tune of R43bn will be raised over the next two years, with R13bn being raised next year to bring the total tax increase to R28bn in 2017/2018. 

Enjoy!
The editor

Property of the Week

5 Bedroom house for sale in Nahoon Beach
5 Bedroom House for sale in Nahoon Beach

SAPTG Reports

In the News this week


State of the residential market

State of the residential market
The current residential market continues to reflect the state-of-the-nation and the economy, both in terms of price growth and the level of consumer and business confidence...
State of the residential market

Affluent individuals want more real estate – and more privacy

Affluent individuals want more real estate – and more privacy
Real estate is a growing passion for high-net-worth individuals and is often seen as the ultimate sign of success. It is a lifestyle choice, a discretionary purchase that represents recognition and reward for their hard work as much as an investment...
Affluent individuals want more real estate – and more privacy

Proposed Tax Increases Puts Pressure on Households

Proposed Tax Increases Puts Pressure on Households
The ratings agencies have been circling for months with many fearing a downgrading to junk status, and South Africa’s economic growth rate has been narrowed from 0.8% in February to 0.5%...
Proposed Tax Increases Puts Pressure on Households

Today’s buyers aren’t settling – here are their most common non-negotiables

Today’s buyers aren’t settling – here are their most common non-negotiables
We live in a digital age where access to information is pervasive, and property buyers are better informed than ever before...
Today’s buyers aren’t settling – here are their most common non-negotiables

How to make your home really stand out this summer

How to make your home really stand out this summer
When the temperatures start soaring up past 30-degrees and riding around in a hot car to view homes on sale is the last thing anyone wants to do, having your home cool and “summer-ready” for prospective buyers can make it really stand out among other listings – and significantly increase your chances of selling it...
How to make your home really stand out this summer

What owners and investors MUST know - the nuts and bolts of the new sectional title legislation

What owners and investors MUST know - the nuts and bolts of the new sectional title legislation
Many cash-strapped South Africans are already buckling under the pressure of spiralling consumer inflation and shrinking budgets, but scores of sectional title property owners are now also faced with hefty levy hikes if their body corporates haven’t made provision for the requirements of new legislation gazetted in October...
What owners and investors MUST know - the nuts and bolts of the new sectional title legislation

All ST schemes to have documents audited

All ST schemes to have documents audited
In the past, where the Sectional Titles Act of 1986 rules and regulations were in force, it was only those sectional title schemes with ten units or more that had to have their schemes audited...
All ST schemes to have documents audited
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Illovo market bolstered by growing demand for homes near key commercial nodes

Illovo market bolstered by growing demand for homes near key commercial nodes
Slowing economic growth and socio-economic uncertainty are taking their toll on the increasingly subdued Gauteng residential market, but some areas are proving more resilient, especially suburbs like Illovo that tick all the boxes for investors seeking property near Sandton, South Africa’s financial powerhouse...
Illovo market bolstered by growing demand for homes near key commercial nodes

Douglasdale, an increasingly popular suburb in Northern Johannesburg

Douglasdale, an increasingly popular suburb in Northern Johannesburg
With the demand for homes within easy reach of the Sandton CBD continuing to grow, Douglasdale has become one of the most popular suburbs in northern Johannesburg for young professionals and families...
Douglasdale, an increasingly popular suburb in Northern Johannesburg
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