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Property News - 20 August 2015

FROM THE EDITOR

As real estate transactions are becoming increasingly globalised, an international coalition that includes South Africa has taken the first step towards creating global ethics standards for real estate. Read more in Real estate world unites to write ethics code

Many buyers are looking at distressed estates as a great way to find a well priced property. According to Tony Clarke, Managing Director for the Rawson Property Group, it is important to understand that there are three basic types of sales that take place; Bank-Mandated Sales, Sales in Execution, and Properties in Possession, and they all have different processes that can affect their price and potential value. Read more in What you need to know about buying distressed or bank repossessed properties

Today we take a closer look at what is happening in the City of Gold's property market. Don't miss the following 3 articles:

  • Where to find great family homes in Johannesburg
  • Rentals fly in Joburg South
  • Johannesburg’s Northern Suburbs lead in the SA investment property arena

Enjoy!
The editor


Property of the Week

House for sale in Dainfern Golf Estate
Dainfern Golf Estate - Three-bedroom home with the ultimate entertainment area and direct access to golf course.

In the News this week


Real estate world unites to write ethics code

Real estate world unites to write ethics code
An international coalition that includes Australia has taken the first step towards creating global ethics standards for real estate...
Real estate world unites to write ethics code

Global commercial property market sentiment remains positive, says RICS

Global commercial property market sentiment remains positive, says RICS
Despite ongoing macro risks, sentiment in the commercial property market remains positive across much of the world, although there are some exceptions to this broad trend, according to the second quarter 2015 Royal Institution of Chartered Surveyors (RICS) Global Commercial Property Monitor...
Global commercial property market sentiment remains positive, says RICS

Cape Town - SA's Best Performing Residential Property Market

Cape Town - SA's Best Performing Residential Property Market

The South African residential property market has seen better days as the Rand weakens against the Dollar, global economies struggle and the repo rate enters a hiking cycle...
Cape Town - SA's Best Performing Residential Property Market


What you need to know about buying distressed or bank repossessed properties

What you need to know about buying distressed or bank repossessed properties
Having a property repossessed is any homeowner’s worst nightmare, but for buyers, distressed estates can be a great way to find a well priced property...
What you need to know about buying distressed or bank repossessed properties

Technology a game-changer in the world of real estate: fibre to home connectivity adds to property values

Technology a game-changer in the world of real estate: fibre to home connectivity adds to property values
As is the case in almost every industry, the internet and technology in general have substantially changed the game for the South African residential real estate industry, with many if not most of the innovations seen globally in this space embraced by estate agencies locally...
Technology a game-changer in the world of real estate: fibre to home connectivity adds to property values

Leave no room for buyer’s remorse

Leave no room for buyer’s remorse
You can return most things you buy if you discover that they don’t fit or don’t work, but if you buy the wrong home, the chances are that you’ll be stuck with it for several years – or have to pay quite a price to correct your mistake...
Leave no room for buyer’s remorse

What late-blooming homeowners need to know

What late-blooming homeowners need to know
Although most people have learned a considerable amount by the time they reach their mid- to late-thirties, they may not know much at all about buying a house...
What late-blooming homeowners need to know

Cancelling a lease early

Cancelling a lease early
If a tenant cancels his lease before the end date of the contract, the landlord can decide to either a) accept this cancellation or b) treat it as a repudiation of the contract and claim for damages, says Michael Bauer, managing director of IHPC estate agents...
Cancelling a lease early

HOAs holding back levy clearance certificates

HOAs holding back levy clearance certificates
The ranking of preferred creditors claiming outstanding amounts when properties in homeowners associations are sold in execution are always: payments to the municipality for outstanding rates and municipal charges first, the HOA second in line with the bank holding the mortgage third on the list of payees...
HOAs holding back levy clearance certificates

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Focus on the Johannesburg, Gauteng

Focus on the Johannesburg, Gauteng
Where to find great family homes in Johannesburg

When it comes to picking a place to raise their children, most parents want the same things – a safe area, great schools, friendly neighbours, walkable shops and a short commute to work...
Focus on the Johannesburg, Gauteng

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In the Area

Rentals fly in Joburg South

Rentals fly in Joburg South
The Chas Everitt International franchise in Glenvista continues to attract the best real estate talent in Johannesburg’s southern suburbs – including the three top-notch letting agents who have just joined its award-winning team...
Rentals fly in Joburg South

Johannesburg’s Northern Suburbs lead in the SA investment property arena

Johannesburg’s Northern Suburbs lead in the SA investment property arena
Eleven of South Africa’s 15 most expensive rental suburbs are located in Johannesburg according to recent information released by credit bureau and property research group Tenant Profile Network (TPN), making it an excellent location to be seeking investment property...
Johannesburg’s Northern Suburbs lead in the SA investment property arena

Families flock to homes near Garsfontein schools

Families flock to homes near Garsfontein schools
Parents with school-going children are currently the mainstay of the residential property market in the Pretoria suburbs of Garsfontein and Faerie Glen, which boast some of the city’s best schools...
Families flock to homes near Garsfontein schools
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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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