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Property News - 07 April 2016

FROM THE EDITOR

Although a lot of people have been talking about the increases in Capital Gains Tax and Transfer Duties that were announced during Pravin Gordhan’s Budget Speech in February, the changes really only affect the upper end of the market. For your average single, primary residence owner, the costs of buying and selling a property will stay pretty much the same. Read more in Budget 2016 and property: who’s taking the hit?

In Buy-To-Let - The Big Boys are getting in on the action we read that the opportunities for residential buy-to-let investors in South Africa are phenomenal because of its rapidly growing middle class, strong urbanisation trend and a staggering housing backlog.

As the interest in renting SA properties continues to grow among “captains of industry” hailing from all over the world  Greg Harris, CEO of Chas Everitt Property Rentals, warns that landlords in SA need to be sure that they are not contravening the Immigration Act when letting their property to someone who is not a South African citizen. Read more in Foreign Tenants Must Be 'Legal'

Enjoy!
The editor

Property of the Week

House for sale in Kirstenhof, Western Cape
3 Bedroom House for Sale in Kirstenhof, Western Cape

SAPTG Reports

In the News this week


Market slow-down - but definitely 'not out'

Market slow-down - but definitely 'not out'
While the national residential property market may be experiencing a slow-down, it is definitely not out, says Dr Andrew Golding, CE of the Pam Golding Property group, commenting in The Study, the group’s quarterly research report which incorporates the Pam Golding Residential Property Index...
Market slow-down - but definitely 'not out'

Budget 2016 and property: who’s taking the hit?

Budget 2016 and property: who’s taking the hit?
Pravin Gordhan’s 2016 Budget Speech in February touched on several aspects of property-related taxation, and many property owners may still be anxious about how these changes will affect the profitability and/or the return of their fixed assets...
Budget 2016 and property: who’s taking the hit?

Buy-To-Let - The Big Boys are getting in on the action

Buy-To-Let - The Big Boys are getting in on the action
In South Africa, with its rapidly growing middle class, strong urbanisation trend and a staggering housing backlog, the opportunities for residential buy-to-let investors are phenomenal. The Finance and Fiscal Commission (FFC) estimates that it will require R800 billion - and a “miracle” - to clear the housing backlog of 2.1 million houses.
Buy-To-Let - The Big Boys are getting in on the action

Foreign Tenants Must Be 'Legal'

Foreign Tenants Must Be 'Legal'
Much has been said about the planned restrictions on foreign property ownership in SA, but not many landlords know that there are already certain limits on letting properties to non-South Africans...
Foreign Tenants Must Be 'Legal'

Showing Houses Safely: Quick Tips for Sellers

Showing Houses Safely: Quick Tips for Sellers
Holding an open house is an act of faith. You clean, de-clutter, and prepare your home to look its best, hoping at least one of the visitors will fall in love enough to make an offer, preferably all-cash...
Showing Houses Safely: Quick Tips for Sellers

Outdoor recreational facilities have growing impact on urban property values

Outdoor recreational facilities have growing impact on urban property values
There are myriad factors which affect property values in an area, but in a metropolis the size of Johannesburg where intense densification has been the hallmark of the past 15 years, few create demand like proximity to a greenbelt...
Outdoor recreational facilities have growing impact on urban property values

Purchasing a legal entity which owns a commercial property

Purchasing a legal entity which owns a commercial property
There are two primary ways of purchasing a commercial property. The first is where a seller sells the commercial property to the purchaser and the second is where the seller sells their legal entity, such as a company, close corporation or trust to the purchaser...
Foreign buyers are not the only ones finding great value in South African property – so are the international executives, professionals and diplomats who are renting homes while on assignment to this country.

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Modern city living puts the squeeze on furry family members

Modern city living puts the squeeze on furry family members
Demand for pet-friendly accommodation is steadily growing, but as residential space in cities shrinks prospective owners and tenants are increasingly battling sectional title body corporate rules in order to keep their furry family members with them when they move...
Modern city living puts the squeeze on furry family members

Focus On

Focus on Kirstenhof, Western Cape

Focus on Kirstenhof, Western Cape
Young buyers snapping up Kirstenhof’s family-friendly homes

With property prices in many of Cape Town’s central Southern Suburbs rising above the average family budget, more and more young buyers are looking slightly further a field for a leafy school neighbourhood in which to raise their children...
Focus on Kirstenhof, Western Cape

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In the Area

Dynamic Green Point Village grows in popularity in buoyant market

Dynamic Green Point Village grows in popularity in buoyant market
Lower Green Point in Cape Town was traditionally regarded by many as more of an extension of the CBD than part of the renowned Atlantic Seaboard, but this has changed dramatically over the past decade and the once overlooked area is now one of the most dynamic and popular residential nodes in Cape Town with a buoyant property market...
Dynamic Green Point Village grows in popularity in buoyant market
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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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