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Property News - 05 June 2015

FROM THE EDITOR

Winter has officially arrived in South Africa with the passing of a cold front over large parts of the country. As people try to stay warm, Eskom offers cold comfort. The power giant has said is cannot guarantee there will be no power outages as the grid remained tight. Let's hope they can keep the lights on.

According to Dr Golding, chief executive of the Pam Golding Property group, South African house prices compared to other global property markets, remain affordable while those of Australia, in particular, and Britain, remain extremely expensive compared to household disposable income. Read more in Affordability - it's complicated

In Who can be held liable when a home is found to have a defect after transfer has taken place?, we learn that registered certifiers are not there to check every possible feature of the home. Their task is to ensure that the home complies with the regulations, the aim of which is simply to ensure that the home is safe and meets the requirements of the applicable legislation. If, therefore, a fault is found later it will be up to the buyer to rectify it at his own cost.

Phalaborwa, with its own gate into the Kruger National Park, is an ideal location for a bush retreat. It also has a lot to offer the lifestyle investor, starting with the wildlife which can be seen in the bush and private reserves around the town as well as the KNP, and the fact that this is officially the safest town in SA, read more in Focus On

Enjoy!
The editor


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Property of the Week

House for sale in Phalaborwa, Limpopo
House for sale in Phalaborwa, Limpopo
Your own house in the Greater Kruger Park! 


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In the News this week


Listed property tailwind ‘may flag’

Listed property tailwind ‘may flag’
SOUTH African listed property is unlikely to outperform general equities by as big a margin as in previous years — if at all — but there are still attractive opportunities in the sector...
Listed property tailwind ‘may flag’

Comparing Commercial property rates and taxes across South Africa’s eight metropolitan municipalities

Comparing Commercial property rates and taxes across South Africa’s eight metropolitan municipalities
The South African Property Owners Association’s (SAPOA) comparison of the level of rates and taxes levied in each of the eight metropolitan municipalities reveals some variance in the cents in the rand rate across the main property types...
Comparing Commercial property rates and taxes across South Africa’s eight metropolitan municipalities

Affordability - it's complicated

Affordabiity - it's complicated

Township property prices are rising much faster than the rest of South Africa’s residential market, according to the First National Bank (FNB) house price index...
Affordabiity - it's complicated


Who can be held liable when a home is found to have a defect after transfer has taken place?

Who can be held liable when a home is found to have a defect after transfer has taken place?
One of the things that estate agents in all price categories find very difficult to handle is those situations in which, after taking transfer and moving into a home, the buyer finds something wrong with it – and then blames the agent for not spotting or knowing about this defect or for not revealing it to him...
Who can be held liable when a home is found to have a defect after transfer has taken place?

Royal Institution of Chartered Surveyors calls for action to prepare for the future of the profession

Royal Institution of Chartered Surveyors calls for action to prepare for the future of the profession
Professionals in the built environment sector must take concerted action to prepare for the unprecedented global change the sector will face up to 2030...
Royal Institution of Chartered Surveyors calls for action to prepare for the future of the profession

Buying property via a trust is not just for the wealthy

Buying property via a trust is not just for the wealthy
Trusts are one of those financial tools that are somewhat shrouded in mystery for a lot of people...
Buying property via a trust is not just for the wealthy

HOA questions to ask

HOA questions to ask
While living in a gated community or private estate is very attractive to many because of the secure lifestyle and added benefits of amenities the estate might offer, there are some things that need to be checked before buying, as it is likely to be run by an Homeowners’ Association (HOA...
HOA questions to ask

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Focus On

Focus on Phalaborwa, Limpopo

Focus on Phalaborwa, Limpopo
Own your own a piece of heaven in Phalaborwa

With its own gate into the Kruger National Park, the town of Phalaborwa is an ideal location for a bush retreat of your very own...
Focus on Phalaborwa, Limpopo

>> View properties in Phalaborwa


In the Area

Queensburgh still a great choice for Durban buyers

Queensburghstill a great choice for Durban buyers
The Durban suburb of Queensburgh remains a firm favourite among first-time buyers thanks to the fact that it offers a huge variety of sectional title and full title homes at reasonable prices...
Queensburghstill a great choice for Durban buyers

Homes for all reasons in Ruimsig

Homes for all reasons in Ruimsig
The Ruimsig area to the north-west of Johannesburg is currently experiencing robust property sales and a stock shortage in the R650 000 to R1,5m price range that is driving up prices...
Homes for all reasons in Ruimsig
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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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