Property News - 10 November 2016 
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FROM THE EDITOR |
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According to Berry Everitt, CEO of the Chas Everitt International property group, Donald Trump’s surprise victory in the US presidential election is expected to have a mildly positive effect on the SA property market in the short to medium term. Read more in Trump win: What it means for SA real estate
While the market for luxury property properties, especially in the Western Cape, is still strong, the length of time properties spend on the market has risen according to Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty. He says that the one rule that applies when selling is that the property needs to be priced correctly for its market in order to sell. Read more in Maximising returns and managing expectations in the super luxury market
With all the excitement of the holiday season ahead, one can easily focus too much on where you will be going and forget about what you are leaving behind. Craig Hutchison, CEO of Engel & Völkers Southern Africa, cautions readers to review both their home content insurance as well as the actual security in place before it is too late in Are you prepared for the December holidays?
Enjoy!
The editor |
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In the News this week |
Trump win: What it means for SA real estate |
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Donald Trump’s surprise victory in the US presidential election is expected to have a mildly positive effect on the SA property market in the short to medium term, says Berry Everitt, CEO of the Chas Everitt International property group...
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Maximising returns and managing expectations in the super luxury market |
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The global super luxury property market has greater immunity to standard economic fluctuations than most residential property and South Africa is no different, but the one rule that applies whether you’re selling a studio in Illovo or a mansion in Clifton is that the property needs to be priced correctly for its market in order to sell...
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Good News for Buyers: Historical Debt Ruling Declared Invalid |
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The Gauteng High Court has ruled that new home owners cannot be held liable for the ‘historic debt’ owed to municipalities by previous owners...
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Building your confidence as a first-time buyer |
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Buying a house is likely the single largest investment you'll make – and the right one could be your happy home for many years. But how can you be confident when looking at properties for sale that you will make the right choice...
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Explained: the differences between transfer fees and VAT |
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When purchasing a commercial property from a legal entity, there is a common misconception that no transfer fees, or alternatively, any costs linked to transfer are applicable...
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Are you prepared for the December holidays? |
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It is that time of the year again when we all focus on planning our December holidays, and counting down the days till we can take the much needed break...
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Reserve fund implementation |
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While most of the changes that have to be implemented in sectional title schemes according to the Sectional Title Schemes Management Act are administrative, the main one that trustees might find problematic in its practical implementation is the need to have reserve fund set aside for maintenance and repairs to common property...
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If you snooze you lose - Entry level properties in the Southern Suburbs a rare and pricy commodity |
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Cape Town’s economy is flourishing under investor confidence that is attracting multi-billion Rand investments and pushing the province to consistently outperform national GDP growth...
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Property in Ballito is booming says Jawitz Properties |
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Regarded as one of the fastest growing towns in the country, Ballito has much to offer the investor. Whether investing in the lower price-bracket for immediate rental returns, or at the middle-to high-end of the market, the long-term outlook is positive...
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