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Property News - 29 September 2016

FROM THE EDITOR

Property Sector Charter Council CEO, Portia Tau-Sekati, said at the sixteenth Rode-REIM Property Conference in Johannesburg that the sector’s contribution to GDP showed the significant impact that the property sector had on the economy. Read more in Property sector contributes significantly to South Africa’s economy

In Bigger gains from smaller homes Berry Everitt, CEO of the Chas Everitt International property group, says that smaller homes are increasingly popular among SA buyers. This emerged from the latest FNB statistics detailing the rate of price appreciation among properties of different sizes.

Both building a home and buying an existing home have their pros and cons. The answer to what would be a better option will be based on the owner’s personal preference, individual requirements and financial situation. This according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. Read more in Buy or build?

We also take a look at some of the key changes to Sectional Title Management now that the Sectional Title Schemes Management Act (STSMA) and Community Services Ombuds Service Act (CSOSA) have been signed by the Minister of Human Settlements and the President.

Enjoy!
The editor

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6 Bedroom house for sale in Ramsgate
6 Bedroom house for sale in Ramsgate

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In the News this week


Property sector contributes significantly to South Africa’s economy

Property sector contributes significantly to South Africa’s economy
Recent figures show the South African property sector contributes as much as R191-billion to the country’s gross domestic product (GDP) and R46-billion to the fiscus, Property Sector Charter Council CEO Portia Tau-Sekati said on Tuesday...
Property sector contributes significantly to South Africa’s economy

Bigger gains from smaller homes

Bigger gains from smaller homes
Smaller homes are increasingly popular among SA buyers – and not just because that’s all that’s available or all they can afford...
Bigger gains from smaller homes

Budget hacks for a smooth switch from renting to owning

Budget hacks for a smooth switch from renting to owning
Owning a home is a dream-come-true for many young people, but being a first-time buyer wrapped up in finding just the right property could mean that the thought of what it will cost to run and maintain that property hasn’t crossed your mind...
Budget hacks for a smooth switch from renting to owning

Five signs that it might be time to upgrade your property

Five signs that it might be time to upgrade your property
A few strategic upgrades can be a great way to maximise the salability of your home, but knowing which improvements to make – and when to make them – is vital if you want to avoid overcapitalising...
Five signs that it might be time to upgrade your property

Buy or build?

Buy or build?
The idea of having a home built to their exact specifications is an exciting notion for many prospective homeowners...
Buy or build?

Subdivision and sectionalising of land - what you need to know

Subdivision and sectionalising of land - what you need to know
Property subdivision is becoming increasingly commonplace, and even actively encouraged in cities like Cape Town where development to meet the soaring demand for homes is severely curtailed by the natural limitation of its topography....
Subdivision and sectionalising of land - what you need to know

Key changes to Sectional Title Management

Key changes to Sectional Title Management
Now that the Sectional Title Schemes Management Act (STSMA) and Community Services Ombuds Service Act (CSOSA) have been signed by the Minister of Human Settlements and the President has signed the Proclamation Notice for these Acts, certain changes will have to be made in the management of sectional title schemes...
Key changes to Sectional Title Management
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Uptick in residential property market in Clarens

Uptick in residential property market in Clarens
With a recent 24-unit development, The Paddocks, selling out in six months and increasing commercial activity in the village, the scenic town of Clarens in the Free State is seeing growing interest in residential property, says Odette Parris, Pam Golding Properties agent in the area...
Uptick in residential property market in Clarens

Homes in Cape Town's Mowbray now barely hitting the market before being snapped up

Homes in Cape Town's Mowbray now barely hitting the market before being snapped up
Demand for residential property in the once-bohemian suburb of Mowbray in Cape Town has risen so sharply that the average time a house remains on the market has now dropped to a mere eight days, with some even selling within a day of release...
Homes in Cape Town's Mowbray now barely hitting the market before being snapped up
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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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