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Property News - 28 July 2016

FROM THE EDITOR

Conversely economic growth has slowed down to -1.2% in the first quarter of 2016. “Based on the current situation that’s putting financial pressure on the average home owner, we welcome the SARB’s Monetary Policy Committee decision to maintain the repo rate for the next three months”, says Bruce Swain, MD of Leapfrog Property Group. Read more in Unchanged Repo Rate Offers Relief to Home Owners

Municipal rates and service charges have just gone up again in cities and towns all around the country. According to Berry Everitt, CEO of the Chas Everitt International group, the latest round of municipal increases make it all the more important for prospective sellers to guard against overpricing as these homes will stick in the market, causing the owners’ holding costs to mount up and eat into potential profits. Read more in Don’t let council rate hikes slice your property sale profits

In Weird and wonderful home trends hitting the South African market we read that the South African market is far from exempt from eccentricities, with local luxury homeowners often taking their cues from international trendsetters.

Enjoy!
The editor

Property of the Week

7 Bedroom house for Sale in Waterfall Equestrian Estate
4 Bedroom House for Sale in
Greenside, Randburg

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In the News this week


Unchanged Repo Rate Offers Relief to Home Owners

Unchanged Repo Rate Offers Relief to Home Owners
It’s been a tough year for home owners as the repo rate has increased twice in 2016 to 7% while municipal rates, electricity and food prices have gone up...
Unchanged Repo Rate Offers Relief to Home Owners

No sign that push into property is slowing, says Dr Andrew Golding

No sign that push into property is slowing, says Dr Andrew Golding
Cash-strapped homeowners with mortgages, who are faced with inexorably rising consumer costs across the board, will be relieved at the Monetary Policy Committee’s decision today (21 July 2016) to keep the repo rate steady, says Dr Andrew Golding, CE of the Pam Golding Property group...
No sign that push into property is slowing, says Dr Andrew Golding

Don’t let council rate hikes slice your property sale profits

Don’t let council rate hikes slice your property sale profits
Municipal rates and service charges have just gone up again in cities and towns all around the country and that is not only going to mean higher running costs for homeowners, but higher holding costs for home sellers...
Don’t let council rate hikes slice your property sale profits

SA Property Growth Remains Stagnant But Commercial Sector Offers Pockets Of Growth

SA Property Growth Remains Stagnant But Commercial Sector Offers Pockets Of Growth
Nearly a decade since the bottom fell out of the property market, the global financial crisis of 2008 continues to cast its long shadow in South Africa...
SA Property Growth Remains Stagnant But Commercial Sector Offers Pockets Of Growth

Buying property in SA: Tips for non-residents

Buying property in SA: Tips for non-residents
Fact: at the moment, there are no restrictions on foreigners buying property in South Africa, unless they are illegal immigrants...
Buying property in SA: Tips for non-residents

Mind your curb - or get curbed

Mind your curb- or get curbed
First impressions last forever, and when it comes to selling your home, you only get one chance to make a good one...
Mind your curb- or get curbed

Get to the ‘real deal’ by asking the right questions

Get to the ‘real deal’ by asking the right questions
If you’ve just been through a home on show and are keen to buy it, there are some questions you should definitely ask before you sign any offer to purchase...
Get to the ‘real deal’ by asking the right questions
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Weird and wonderful home trends hitting the South African market

Weird and wonderful home trends hitting the South African market
The concepts of style and luxury are very subjective, and the quest to create the epitome of each has resulted in some fairly odd design ideas over the years...
Weird and wonderful home trends hitting the South African market

6 Practical tips that will save you money and stress when buying a home

6 Practical tips that will save you money and stress when buying a home
Buying a new home is an exhilarating time, albeit time consuming and a little complex...
6 Practical tips that will save you money and stress when buying a home
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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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