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Property News - 19 May 2016

FROM THE EDITOR

The news that the repo rate remains unchanged at 7% is a relief to severely over indebted consumers. According to Dr Andrew Golding, CE of the Pam Golding Property group, the pause in the repo rate will provide aspirant and existing home owners with a further assurance of the sound medium to long term investment potential in property.

Energy-saving home alterations and additions raise both the value and desirability of homes that are put on the market according to Brendan Miller, CEO of Lew Geffen Sotheby’s International Realty Atlantic Seaboard. He also provides some tips on how to make a big difference to your monthly energy bill with the implementation of simple design principals to reduce lighting, heating and cooling needs. Read more in The homeowners' guide to saving money, the planet and increasing the value of property

Buying a sectional title property is a long-term investment and all the preliminary investigations into that property must be done before a commitment is made. In What to be aware of when buying or selling ST units, Michael Bauer of IHFM cautions us to check everything in the scheme we are buying into to make sure that it is sound and that the conduct rules are acceptable before signing on the dotted line

Enjoy!
The editor

Property of the Week

5 Bedroom house for Sale in Plattekloof
3 Bedroom House for Sale in Plattekloof

SAPTG Reports

In the News this week


South Africa's housing market experiencing a modest recovery

South Africa's housing market experiencing a modest recovery
Virtually unnoticed amidst the bleak economic news flow and ongoing political turmoil, South Africa’s housing market appears to be staging a modest recovery, says Dr Andrew Golding, CE of the Pam Golding Property group.
South Africa's housing market experiencing a modest recovery

The homeowners' guide to saving money, the planet and increasing the value of property

The homeowners' guide to saving money, the planet and increasing the value of property
As South Africans dust off their heaters ahead of winter with the knowledge that Eskom has inflicted yet another above-inflation price hike (9.4%) for electricity this year, cash-strapped consumers feeling the pinch of the gloomy national economy will increasingly be looking at ways to lower household running costs...
The homeowners' guide to saving money, the planet and increasing the value of property

Selling property from a deceased estate more complex

Selling property from a deceased estate more complex
It is well known that in South Africa the sale of property must be recorded in a written contract and must be signed by the purchaser and seller. The sale of a property out of a deceased estate is however more complex, says Laurence van Blerck of Knight Frank Residential SA...
Selling property from a deceased estate more complex

Homes are adapting to environmental needs and challenges

Homes are adapting to environmental needs and challenges
With talk of man living on Mars, under water, or as is already the case, on huge new man-made islands, how will our residences adapt to the environmental needs and challenges of the future?
Homes are adapting to environmental needs and challenges

How to save electricity in your home this winter

How to save electricity in your home this winter
It’s that time of year again – the sweltering days of summer are fast fading into crisp autumn evenings and winter is just a blink away...
How to save electricity in your home this winter

What to be aware of when buying or selling ST units

What to be aware of when buying or selling ST units
When a sectional title unit is being sold, the situation sometimes arises where it is discovered too late that the scheme’s body corporate has not been run properly, that they have not held AGM’s regularly or the financials are showing signs of discrepancy or debt...
What to be aware of when buying or selling ST units

Questions to Ask before buying off-plan

Questions to Ask before buying off-plan
There’s always a risk in buying something you can’t see. Buying off-plan means you are purchasing your new home in a sectional title complex or cluster home scheme before it is built and will be depending on the developer and builder to complete your home properly and timeously...
Questions to Ask before buying off-plan
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What’s driving home sales patterns in Gauteng?

What’s driving home sales patterns in Gauteng?
There are of course all sorts of external variables – like interest rates, or work circumstances or family changes – that can influence consumers to buy a new home or not...
What’s driving home sales patterns in Gauteng?

Continued demand for residential property in Fairmount

Continued demand for residential property in Fairmount
The enclave of Fairmount in the north east of Johannesburg is one of the few suburbs which has barely changed over the years, not losing its closely-knit suburban atmosphere centered around the synagogues and reputable schools in the area to the predominant encroachment of cluster developments...
Continued demand for residential property in Fairmount
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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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