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Property News - 26 June 2015

FROM THE EDITOR

According to the FNB House Price Index, the average house price for April 2015 rose 5.0% year-on-year. Despite the nominal house price inflation slowdown, however, recent months' house prices continue to grow positively in real terms, when adjusted for CPI inflation. 

The very idea of buying your first home is so exciting that buyers often do not realise what a wonderful investment they are making. According to Craig Hutchison, CEO of Engel & Völkers Southern Africa, this is the start of their financial independence. Read more in Which factors influence property values?

Families still often put homes in trusts, sometimes as part of their estate planning for their children and partly because they would like to know that if anything should happen to them in some way or another, the property is kept in safe hands, but what happens in cases where there is a split in that family or when some derision causes family members to claim what they feel is their share? Read more in If a home registered in a trust is part of divorce settlement

Thinking of buying a sectional title unit? Then Things to know before buying a sectional title unit is a must read. Mandi Hanekom, operations manager of the sectional title finance company Propell gives us a nice break down of all you need to know when buying a unit.

Enjoy!
The editor


SAPTG Reports

Property of the Week

House for sale in Plattekloof
House for sale in Plattekloof
Lovely family home with separate flatlet

In the News this week


Property’s run hits obstacles

Property’s run hits obstacles
Property stocks continued to perform well over the most recent results season but market conditions and a lack of outlier events suggest this will be the last good set for results for the year...
Property’s run hits obstacles

What influences cause property values to increase?

What influences cause property values to increase?
Residential property speculation may be at its lowest levels in more than a decade, with only 14% of transactions in 2014 being the resale of properties which were bought within the previous two years...
What influences cause property values to increase?

Want to sell? Take a walk in your buyer's shoes

Want to sell? Take a walk in your buyer's shoes

If you want to sell your home fast and for the best possible price, you actually need to think like a buyer...
Want to sell? Take a walk in your buyer's shoes


There can be mixed reactions to a quick home sale

There can be mixed reactions to a quick home sale
In 2013, homes put up for sale in South Africa were taking on average 120 days to sell...
There can be mixed reactions to a quick home sale

Landlords and tenants - a strategic partnership that can beat retail slump

Landlords and tenants - a strategic partnership that can beat retail slump
With winter upon us and the inevitable slump in retail sales, property managers need to work hand in hand with their tenants to ensure ongoing success and sustainability through tough economic times...
Landlords and tenants - a strategic partnership that can beat retail slump

The importance of an incoming inspection on rented premises cannot be over-emphasized

The importance of an incoming inspection on rented premises cannot be over-emphasized
One of the mistakes most often made by tenants renting commercial property is to move into the space for which they have signed without carrying out a thorough incoming inspection...
The importance of an incoming inspection on rented premises cannot be over-emphasized

Things to know before buying a sectional title unit

Things to know before buying a sectional title unit
Owning a sectional title unit over a freestanding home is becoming more and more popular due to the rising costs of maintaining properties and the added security sectional title units usually offer...
Things to know before buying a sectional title unit

If a home registered in a trust is part of divorce settlement

If a home registered in a trust is part of divorce settlement
Families still often put homes in trusts, sometimes as part of their estate planning for their children and partly because they would like to know that if anything should happen to them in some way or another...
If a home registered in a trust is part of divorce settlement

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Significant investor confidence in Newcastle

Significant investor confidence in Newcastle
Strategically positioned mid-way between the cities of Johannesburg and Durban, the town of Newcastle in Northern KwaZulu-Natal has seen an injection of capital investment over the past several years...
Significant investor confidence in Newcastle

Boland Residential Property Prices Break the R20m Barrier

Boland Residential Property Prices Break the R20m Barrier
A steady increase in both demand and Rand value in the Boland property market in recent years has seen the area join the elite trophy home club, with sale prices in excess of R20 million now being realised for single erf, standard homes...
Boland Residential Property Prices Break the R20m Barrier
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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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