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Property News - 17 June 2016

FROM THE EDITOR

According to recent Reuters poll economists predict that South Africa faces 45% chance of recession this year. Good news is that Elna Moolman, an economist at Macquarie, said last week’s growth data made her more convinced that the South African Reserve Bank will not hike interest rates at the next MPC meeting, due in July.

In Buyers & sellers markets explained we read that when buying or selling your home one should consider whether it's a buyer or sellers' market, and how it would affect the offers received on your house or how it will change things on the new holding you are wanting to obtain.

Should a seller sell their property before buying another, or buy the next one first, before selling the current one? “It’s the eternal question”, says Bruce Swain, MD of Leapfrog Property Group, “both options have their own advantages and risks, but all things considered I’d generally advise selling before purchasing another home”. Read more in Timing a Property Sale

With winter is upon us a great way to heat up your home is to add or restore an indoor fireplace. Craig Hutchison, CEO of Engel & Völkers Southern Africa, says that it is a good idea to take a moment to think about exactly what you are trying to achieve with your indoor fireplace. Read more in Home is where the fireplace is

Enjoy!
The editor

Property of the Week

4 Bedroom house for Sale in Equestria
3 Bedroom House for Sale in Equestria

SAPTG Reports

In the News this week


Economic uncertainty filters into global house prices

Economic uncertainty filters into global house prices
Globally, house prices increased by 3.4% on average in the year to March 2016, but top-performing countries such as Turkey and Australia are seeing their rate of annual price growth slow...
Economic uncertainty filters into global house prices

Buyers & sellers markets explained

Buyers & sellers markets explained
As in any trade or industry, a numerous amount of influences and current economic standings influence the market specifically, and changes the trend or shape it takes...
Buyers & sellers markets explained

Mapping Digital Disruption on SA Commercial Real Estate Market

Mapping Digital Disruption on SA Commercial Real Estate Market
Afri-Corp International Property Group CEO Nadir Jeeva argues that the commercial real-estate market and industrial property sector in South Africa have not kept up with the changing currents of technological discourse, and discusses digital disruption...
Mapping Digital Disruption on SA Commercial Real Estate Market

Timing a Property Sale

Timing a Property Sale
Anyone who’s ever bought or sold a property knows it takes time – at the moment correctly priced properties in South Africa spend an average of 3 to 5 months on the market, and once sold it takes about another three months for the transfer to go through...
Timing a Property Sale

Six steps to prevent Property Transfer Delays

Six steps to prevent Property Transfer Delays
This Conveyancers, the Deeds Office or the City Council are often blamed for the delays in transferring properties. This criticism is well founded, however, delays can often be prevented if sellers take certain steps before selling their property...
Six steps to prevent Property Transfer Delays

Here's what the millenials want most

Here's what the millenials want most
Millennials are the next big wave of homebuyers and it’s important that property sellers – and their agents – understand where and how these young people prefer to live.
Here's what the millenials want most

Home is where the fireplace is

Home is where the  fireplace is
Winter is upon us and when considering ways to heat up your home, many people consider adding or restoring an indoor fireplace...
Home is where the  fireplace is
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Owners must pay their levies

Owners must pay their levies
Owners of units in sectional title schemes might not see their levy account as a priority - but as this is actually the lifeblood of any body corporate, a person who withholds their levies for any reason is doing the body corporate harm...
Owners must pay their levies

Focus On

Focus on Equestria, Pretoria

Focus on Equestria, Pretoria
Surrounded by leafy upmarket suburbs but purposefully planned as a higher-density area with the capacity for 10 000 modern apartments and townhouses, the Pretoria East suburb of Equestria perfectly fits the bill now for Millennial homebuyers and tenants in search of a convenient, urban lifestyle at a reasonable price...
Focus on Equestria, Pretoria

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In the Area

Upmarket diversity is fuelling the Blackheath market

Upmarket diversity is fuelling the Blackheath market
Blackheath in Johannesburg is still regarded as an ideal suburb to raise a family and a growing number of buyers are keen to become part of this stable, well-resourced community where more than a third of the residents have owned their properties for in excess of 11 years...
Upmarket diversity is fuelling the Blackheath 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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