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Property News - 22 October 2015

FROM THE EDITOR

While the mining, retail and tourism sectors were showing a downward trend and the country’s gross domestic product was growing at a maximum of between 1.5 percent and 2 percent, residential property prices were growing year on year by about 7 percent in 2015 according to Samuel Seeff. Read more in SA property prices set to grow at 7% this year

Many private investors are now able to invest in commercial real estate and there are several good reasons for doing so, the first of which is that prices are favourable. If you are thinking about investing in commercial property How to get started in commercial property and Vat and Transfer Duty, Points to Ponder are a must read.

In Focus On today we take a closer look at Muizenberg, an eclectic beach-side suburb of Cape Town with a colourful mix of history, architecture, fantastic beaches and culture. This area suits an outdoor water sport lifestyle perfectly as it is directly in-between the popular surfing area of the bay and Sandvlei, a calm, yet open, paddling and sailing spot.

Enjoy!
The editor

Property of the Week

4 Bedroom House for sale in Muizenberg
4 Bedroom House for sale in Muizenberg

SAPTG Reports

In the News this week


SA property prices set to grow at 7% this year

SA property prices set to grow at 7% this year
Johannesburg - South Africa’s residential property market was in a “cocoon” and outperforming the general economy, Seeff Properties chairman Samuel Seeff said yesterday...
SA property prices set to grow at 7% this year

Sticking to the (floor) plan

Sticking to the (floor) plan
Buyers have lots of tough decisions to make when shopping for a new home, but the daunting task can be made much easier by mentally "moving into" a property for a few minutes – not only to visualise where your furniture and belongings would go, but to imagine how you and your family would live there...
Sticking to the (floor) plan

How to get started in commercial property

How to get started in commercial property
It is generally more expensive to invest in commercial property such as offices, factories, warehouses and shopping centres than in residential property, which is why this sector has traditionally been seen as the preserve of institutional investors and perhaps exceptionally wealthy individuals...
How to get started in commercial property

Vat and Transfer Duty, Points to Ponder

Vat and Transfer Duty, Points to Ponder
For those of you out there looking to invest in commercial property for the first time, there are a few financial implications you need to be au fait with before doing so...
Vat and Transfer Duty, Points to Ponder

Holding out for a high rental can prove costly

Holding out for a high rental can prove costly

Landlords need to guard against pricing themselves out of the market as rental prices slow in tandem with the movement out of a sellers’ property market...
Holding out for a high rental can prove costly


Proposed STSMA has significant implications

Proposed STSMA has significant implications
Of the proposed changes faced by the sectional title industry in South Africa, where the drafted Sectional Title Schemes Management Act (STSMA) could replace certain sections of the existing Sectional Titles Act, there are some concerns around the way these changes could affect the industry, particularly those managing the financial aspects of running a scheme...
Proposed STSMA has significant implications

Good reason to invest in golf estate living in KwaZulu-Natal

Good reason to invest in golf estate living in KwaZulu-Natal
Over the past 20 years golf estate living has become well engrained as a desirable property genre choice for many South African as well as international home buyers...
Good reason to invest in golf estate living in KwaZulu-Natal
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Focus On

Focus on Muizenberg, Cape Town, Western Cape

Focus on Muizenberg, Cape Town, Western Cape
Muizenberg property types vary and offer value for money

Living in Muizenberg is today as popular with surfers and young families as it was decades ago, partly because of its laid-back lifestyle and seaside village feel but also because of its large homes with spectacular views of False Bay from many of the hillside properties...
Focus on Muizenberg, Cape Town, Western Cape

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In the Area

‘Toti market set to sizzle this summer

‘Toti market set to sizzle this summer
Now is the time to invest in the iconic holiday town of Amanzimtoti with its moderate climate, pristine beaches and proximity to the CBD of Durban.
‘Toti market set to sizzle this summer

Shortage of Retirement options in Cape Town, Prepare Early

Shortage of Retirement options in Cape Town, Prepare Early
In most instances, when it comes to retirement, couples tend to wait until they are on the verge of taking that step to decide whether they will downscale to a retirement village or apartment or whether they will just buy a smaller unit and take care of their later healthcare needs themselves, said Shan Hulbert, sales manager at Knight Frank Residential SA...
Shortage of Retirement options in Cape Town, Prepare Early
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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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