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Property News - 26 March 2015

FROM THE EDITOR

Everyone knows that there’s more to owning a rental property than finding a tenant and collecting the rent – but the one thing that most private landlords forget to do is keep records for income tax purposes. According to Andrew Schaefer, MD of Trafalgar, many private landlords don’t realise that if you own one or more rental properties, (SARS) requires you to calculate your expenses and profits in relation to these properties – and to pay tax on your profits. Read more in How to save tax on your rental property

According to Lanice Steward, managing director of Knight Frank Residential SA, the recent announcement in the national budget speech that the transfer duty threshold has been raised to R750 000, is welcome for first time buyers as this would help get them on the property ladder. Read more in Need to keep property cycle ticking over

In Focus On today, we take a closer look at what is happening in the Plettenberg Bay Real Estate Market, where the demand for homes is now at its best since 2005 and they are expecting real price growth for the first time in years in the wake of the current influx of semigrants and retirees.

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The editor

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Property for sale in Solar Beach Plettenberg Bay

Solar Beach, Plettenberg Bay, Garden Route
Beach House For Sale Near Solar Beach Plettenberg Bay

In the News this week


Investing in Africa is safe

Investing in Africa is safe
Dr Kaire Mbuende speaking at the RICS Africa Summit 2015 Dinner 
The African continent is one of the safest place to undertake any sorts of investment in the production of goods and services, says Dr Kaire Mbuende, former Namibian Ambassador and Permanent Representative of Namibia to the United Nations...
Investing in Africa is safe

Global megatrends to drive growth in Africa real estate industry

Global megatrends to drive growth in Africa real estate industry
Global megatrends, such as rapid urbanisation and demographic changes, will drive growth in the real estate industry across Africa over the next five years, a PwC report released last week has asserted...
Global megatrends to drive growth in Africa real estate industry

Tips for building a successful property portfolio: get good rates, remain flexible in your choices and allow for future interest rate rises

Tips for building a successful property portfolio: get good rates, remain flexible in your choices and allow for future interest rate rises
Following the 2008/ 09 recession and the huge number of home repossessions and auctions that took place in its wake, many people – estate agents included – have a poor opinion of those who call themselves property investors...
Tips for building a successful property portfolio: get good rates, remain flexible in your choices and allow for future interest rate rises

Household sentiment on current and future prices picks up

Household sentiment on current and future prices picks up
For a property developer, one of the great benefits of overseas travel is that it reveals – or clarifies – the trends that are influencing the property markets and these trends tend to be the same in all developed countries...
Household sentiment on current and future prices picks up

How to save tax on your rental property

How to save tax on your rental property
Everyone knows that there’s more to owning a rental property than finding a tenant and collecting the rent – but the one thing that most private landlords forget to do is keep records for income tax purposes...
How to save tax on your rental property

Beware of the ‘phantom’ landlord

Beware of the ‘phantom’ landlord
Pam Golding Properties in the Western Cape Metro region cautions consumers to be aware of what may be termed the ‘phantom’ landlord...
Beware of the ‘phantom’ landlord

Need to keep property cycle ticking over

Need to keep property cycle ticking over
The recent announcement in the national budget speech presented by Finance Minister Nhlanhla Nene, that the transfer duty threshold has been raised to R750 000, is welcome for first time buyers as this would help get them on the property ladder while being able to get slightly more house than they previously would have...
Need to keep property cycle ticking over

New continuous professional programme for estate agents will put them on a level with the best in the world

New continuous professional programme for estate agents will put them on a level with the best in the world
South Africa’s Estate Agency Affairs Board, says Barry Fourie, National Training Manager of the Rawson Property Group, has dedicated itself to making South Africa’s estate agents the most highly qualified and the most professional in the world – on a level with, if not better than, those of any other country including the USA, Canada, the UK and Germany...
New continuous professional programme for estate agents will put them on a level with the best in the world
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Focus On


Focus on Plettenberg Bay, Garden Route, South Africa

Focus on Plettenberg Bay, Garden Route, South Africa
Plett property market all set to take off again

Plettenberg Bay has experienced a dramatic improvement in its economic fortunes in recent months and an extremely positive spinoff for its real estate market...
Focus on Plettenberg Bay, Garden Route, South Africa

>> View properties in Plettenberg Bay


In The Area

Prices rise as more buyers aspire to Bedfordview

Prices rise as more buyers aspire to Bedfordview
The huge commercial investments being made in key nodes in Bedfordview and the surrounding industrial areas are giving the local residential property market a welcome boost...
Prices rise as more buyers aspire to Bedfordview

More new development for Soweto as housing demand rockets

More new development for Soweto as housing demand rockets
Anew mayoral plan to build thousands of new houses, several shopping centres, eight schools and state-of-the-art recreational facilities in Protea Glen will help to alleviate the growing shortage of homes for sale in this increasingly popular suburb of Soweto...
More new development for Soweto as housing demand rockets
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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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