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Property News - 04 August 2016

FROM THE EDITOR

In Pound strength good news for SA property markets we read that while the South African property market continues to grow at a steady rate, local properties become inexpensive when paying for them with the British pound, which is currently almost 20 times stronger than the Rand.

According to Lew Geffen Sotheby's International Realty Director Sandy Geffen, certain real estate terms seem obvious and it's not hard to figure out the definition of an Agreement of Sale, but it's also essential to understand the conditions that apply to ensure a seamless transaction without any rude surprises along the way that could delay or even scupper the chance of moving into your dream home. Read more in The layman's guide to real estate jargon and legalese

With August celebrating Women’s Month, Engel & Völkers Southern Africa chat to Jenna Clifford - Jewellery Designer, Founder and Creative Director of Jenna Clifford Designs to gain some insight into her live by delving into her property insights and preferences. Don't miss Jenna Clifford - Women Business & Property

“Not being able to pay rent is an incredibly stressful position to be in,” says Jacqui Savage from Rawson Property Group. The last thing most people want to do under difficult circumstances is to share the details of their struggle with their landlord or rental agent, but keeping silent is extremely counterproductive if you’re hoping to preserve a good landlord/tenant relationship.” Read more in I can’t pay my rent – what do I do now?

Enjoy!
The editor

Property of the Week

7 Bedroom house for Sale in Athlone Park, Amanzimtoti

7 Bedroom House for Sale in
Athlone Park, Amanzimtoti

SAPTG Reports

In the News this week


Pound strength good news for SA property markets

Pound strength good news for SA property markets
For once the strength of the British Pound is great news for South Africa! In a recent study by Mercer, listing the world’s most expensive cities for expats to live in, South African cities were thankfully nowhere on the list...
Pound strength good news for SA property markets

New Consumer Protection Initiative: A Licence to Sell

New Consumer Protection Initiative: A Licence to Sell
The real estate industry has completely evolved, from anyone being allowed to sell property or sign contracts in previous years, to it now being a professional occupation and one can definitely understand why...
New Consumer Protection Initiative: A Licence to Sell

The ins and outs of capital gains tax

The ins and outs of capital gains tax
Although most property transactions will not be subject to capital gains tax (CGT), it is still important for prospective sellers to understand the implications that it could have on their sale, should their home be sold for more than the primary residence exclusion threshold...
The ins and outs of capital gains tax

The layman's guide to real estate jargon and legalese

The layman's guide to real estate jargon and legalese
Very few transactions are as lengthy or complex as buying and selling property. Peppered with industry jargon and legal terms, they present a multitude of potential pitfalls that easily trip up novices and can even generate a few unpleasant experiences for market veterans if the purchase isn't relatively straightforward...
The layman's guide to real estate jargon and legalese

Women's Month: Jenna Clifford - Women Business & Property

Women's Month: Jenna Clifford - Women Business & Property
With August celebrating Women’s Month, Engel & Völkers Southern Africa had the privilege to chat to some of SA’s most influential woman, and gain some insight into their lives on both a professional and personal level by delving into their property insights and preferences...
Women's Month: Jenna Clifford - Women Business & Property

Nine very good reasons to use a mortgage originator

Nine very good reasons to use a mortgage originator
Would you build your own house if there was an expert willing to do so for free? Probably not – and the same logic should apply when it comes to securing the finance to buy a home...
Nine very good reasons to use a mortgage originator

How and When to Legally Evict Tenants

How and When to Legally Evict Tenants
Renting out a residential property is a great source of income, if managed correctly. But, even with the most stringent checks and approval processes it’s still possible to end up with a bad tenant – a tenant that then needs to be evicted...
How and When to Legally Evict Tenants
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I canít pay my rent Ė what do I do now?

I canít pay my rent Ė what do I do now?
Most South Africans are fairly adept at stretching a pay cheque when necessary, thanks to our unpredictable economy, high unemployment rate, and skyrocketing living expenses...
I canít pay my rent Ė what do I do now?

Appointing a managing agent

Appointing a managing agent
When it comes to management of a sectional title scheme, the majority of trustees will do an excellent job, but it sometimes makes sense to employ a managing agent to take care of what could be seen as a very time consuming job, says Mandi Hanekom, operations manager of sectional title finance company Propell...
Appointing a managing agent
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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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