Having trouble reading this email? View it in your browser

Property News - 27 October 2016

FROM THE EDITOR

Economic and socio-political issues have made this a difficult year for the property market although some sectors have shown resilience throughout this period and are still in strong demand. Norman Raad, CEO of Broll Auctions and Sales, says that he has witnessed sellers accepting less than they would have liked and savvy buyers seizing the opportunities presented, which includes multi-national companies disposing of large non-core business assets and non-income producing assets. Read more in Resilience prevails across various sectors of the property auction market

Because property markets are constantly shifting, finding the “perfect” time to move is nearly impossible. Gerhard Kotzé, the new MD of the RealNet estate agency group, shares some of the most important factors to consider and questions to answer before you decide to sell in How to pick a good time to sell

In Focus on this week we take a closer look at Umhlanga where high net-worth individuals (HNWIs) from around the world are currently snapping up super-luxury apartments and penthouses.

Enjoy!
The editor

Property of the Week

4 Bedroom house for sale in Muizenberg
5 Bedroom House for sale in Umhlanga Rocks

SAPTG Reports

In the News this week


Resilience prevails across various sectors of the property auction market

Resilience prevails across various sectors of the property auction market
During what may be described as a tumultuous 2016 to date, while trading conditions in the property auction arena have proven challenging, retail shopping centres, service stations, hotels and residential blocks have shown resilience throughout this period and are still in strong demand...
Resilience prevails across various sectors of the property auction market

How to pick a good time to sell

How to pick a good time to sell
Knowing that you’re ready to sell your home and actually listing it for sale are two different things – with the latter action often being delayed by your desire to find the “perfect” time to move...
How to pick a good time to sell

What Every First Time Buyer Should Know

What Every First Time Buyer Should Know
The challenge of buying a home for the first time can seem so daunting that it's tempting to either just go with the first place in your price range or continue to rent...
What Every First Time Buyer Should Know

Implementation of level 3 water restrictions should prompt households to consider installation of water saving devices

Implementation of level 3 water restrictions should prompt households to consider installation of water saving devices
The City of Cape Town’s announcement on the 18th October that Level 3 water restrictions will be implemented as of the 1st November 2016, is a warning to all households in the Cape that we’re in for a dry summer and that serious consideration needs to be given to the way in which water is consumed...
Implementation of level 3 water restrictions should prompt households to consider installation of water saving devices

Special levies and the Sectional Title Schemes Management Act

Special levies and the Sectional Title Schemes Management Act
While provisions have been set in the Sectional Title Schemes Management Act (STSMA) (which became effective on the 7th October 2016) for a reserve fund to be established for future maintenance and repair work to common property in sectional title schemes, there might still be the need for special levies to be raised in certain circumstances...
Special levies and the Sectional Title Schemes Management Act

Limit on proxies a practical nightmare for body corporate managers

Limit on proxies a practical nightmare for body corporate managers
Under the old sectional titles Act an owner was allowed to give a proxy to anyone that he or she pleased...
Limit on proxies a practical nightmare for body corporate managers

Who and what is the Rental Housing Act and Tribunal, and how can they help me?

Who and what is the Rental Housing Act and Tribunal, and how can they help me?
The South African residential rental industry is comprehensively governed by a set of laws designed to protect the rights of landlords and tenants...
Who and what is the Rental Housing Act and Tribunal, and how can they help me?
Like us on
Follow us on

Search For Properties by area


1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

CyberProp Extras!

Focus On

Focus on Umhlanga, KwaZulu Natal

Focus on Umhlanga, KwaZulu Natal
Glittering Umhlanga shapes up as the ‘Dubai of SA’

It’s hot, it’s bold, and as it continues to attract more multibillion-rand residential and retail property developments – and more ultra-wealthy international investors - Umhlanga is increasingly looking like South Africa’s own Dubai...
Focus on Umhlanga, KwaZulu Natal

>> View properties in Umhlanga


In the Area

Pinelands Grove sales exceeds the R100 Million mark

Pinelands Grove sales exceeds the R100 Million mark
The final completion of the beautiful Pinelands Grove Retirement Village in Pinelands in March this year has resulted in a significant growth of sales. To date, more than R100 Million worth of sales of the 195 apartments made available has been achieved...
Pinelands Grove sales exceeds the R100 Million mark

Sandton's sectional title market subdued by over-supply

Sandton's sectional title market subdued by over-supply
Sandton’s status as South Africa’s financial hub has to a large extent cushioned the suburb’s sectional title market, with demand for residential property remaining consistent despite the economic slump and weaker buyer sentiment.
Sandton's sectional title market subdued by over-supply
CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.tivvit.com or email: sales@tivvit.com

News Archive
To the Editor
Get in Touch

"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."

Unsubscribe from newsletter