Property News - 02 October 2014

After proving to be a viable model in early production of video games, tech gadgets and motion picture, crowdfunding has finally hit the real estate market. This online technique of where strangers collaborate to raise capital for a certain venture was made popular by Kickstarter and today, more and more individuals in the US and abroad are taking note of this new way of investing their money in real estate. To learn more about this new way of investing in the property market, read an article titled Real Estate Crowdfunding: Thinking Locally, Acting Globally.

It has been reported that the main economy sectors such as construction, mining and quarrying, finance, insurance and real estate business, government services and agriculture, fishing and forestry have suffered a productivity dip. In the agriculture, forestry and fisheries sector, there was an increase in the real output growth rate of 2.2% in 2013. The increase occurred despite a decrease in labour productivity growth rate of -6.8% in 2013. For more information on this story, read an article titled Productivity in South Africa dips in key sectors.

According to research, sellers and buyers often find themselves in a jam when it comes to finalising property transactions. During a property transaction both sellers and buyers have certain responsibilities and obligations that they need to address before the home can change ownership. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that aside from the deposit requirements that most purchasers will have to adhere to in order to obtain finance, there are several other costs that they will need to prepare for. He explains further in an article titled A property transaction - Who is responsible for which costs?

We also have some interesting tips on how to run a Sectional Title Scheme successfully.

Enjoy!
The editor

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