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Property News - 11 August 2016

FROM THE EDITOR

The fact that there was a large swing towards opposition parties and a more balanced political situation in which one party does not hold all the power after last week’s local elections has impressed observers, as it is a big indicator of stability going forward, this according to Berry Everitt, CEO of the Chas Everitt International property group. Read more in Election outcomes good for property

FNB’s Estate Agent Survey pointed to a previous strengthening in foreigner buying of domestic residential property as having more-or-less come to an end. Part of this seeming lack of further strengthening may have to do with a recent recovery in the Rand exchange rate since January, which raises the cost of local property for aspirant foreign buyers. Read more in Why fewer foreigners are buying property in South Africa

Although the process of buying a home as a sole owner may seem daunting at first, it can actually be an extremely good financial move if done in the correct manner. In Buying a property solo Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa,  shares some tips on how to make the solo house hunt and property investment a success

Enjoy!
The editor

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In the News this week


Election outcomes good for property

Election outcomes good for property
Every South African was a winner in last week’s local elections, says Berry Everitt, CEO of the Chas Everitt International property group...
Election outcomes good for property

Why fewer foreigners are buying property in South Africa

Why fewer foreigners are buying property in South Africa
Financial services company FNB says that foreigner buying of domestic property is showing sideways movement, and is off its peak level achieved in late-2014...
Why fewer foreigners are buying property in South Africa

A foreign affair - avoiding the pitfalls of property transactions with non-residents

A foreign affair - avoiding the pitfalls of property transactions with non-residents
Buying and selling property includes a mountain of legal paperwork and some measure of patience at the best of times, but the process can get even trickier when one party is a not a South African citizen or permanent resident...
A foreign affair - avoiding the pitfalls of property transactions with non-residents

Buying a property solo

Buying a property solo
While married couples still represent a large percentage of first-time buyers in the market, there are a growing number of people who are flying solo and purchasing a property on their own...
Buying a property solo

The Home Ownership Journey

The Homeownership Journey
Just Property believes that home ownership is something each and every South African should aspire to and as a company, they take great pride in assisting people to create wealth through property...
The Homeownership Journey

Get ready for Spring

Get ready for Spring
With August here, we can assure you that spring will follow very quickly, as seasons change rapidly in South Africa - now would be the perfect time to take up your garden that has been neglected during the winter months...
Get ready for Spring

Rental increases: how much is too much?

Rental increases: how much is too much?
It is a rule of basic economics that along with petrol, food prices and everything else, rentals need to increase annually. “In the past it was an accepted norm that the landlord would expect his eight to ten percent annual increase, irrespective of economic circumstances,” says Leon Breytenbach...
Rental increases: how much is too much?
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Luxury living for Midrand millennials

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Constantia captures the family market as space becomes a high commodity in Cape Town

Constantia captures the family market as space becomes a high commodity in Cape Town
Constantia is known as one of Cape Town’s most affluent suburbs, with prices venturing well into the eight figure ballpark more often than not...
Constantia captures the family market as space becomes a high commodity in Cape Town

Curtain call for the IMAX Theatre as R+N puts on a show

Curtain call for the IMAX Theatre as R+N puts on a show
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...
Curtain call for the IMAX Theatre as R+N puts on a show
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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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