Although the Budget did not contain many direct benefits for the real estate industry, we welcome it as largely positive and confidence boosting, which will undoubtedly have a spin-off in the property market," says Berry Everitt, CEO of the Chas Everitt International property group...

The most positive aspect of today's Budget is the news that spending on infrastructure elements such as electricity supply, roads and water systems will continue for many years after the Soccer World Cup, says Harcourts Africa GM Jeanne van Jaarsveldt...

Finance Minister Pravin Gordhan is to be congratulated on a very well-balanced maiden Budget, says Lew Geffen, chairman of Sothebys International Realty in SA...

Pravin's hand steady, says property chief

Finance Minister Pravin Gordhan has mapped out a steady course for the South African economy in challenging times, says a leading property figure...

"Now government needs to walk the walk"

Tjaart van der Walt, CEO of the RealNet estate agency group, welcomed Finance Minister Pravin Gordhan's undertakings to curb unproductive state expenditure and rein in graft and corruption announced in the Budget today.

The steady recovery in the residential property market is expected to gather further momentum in 2010, Absa said in its housing review on Monday...

Johannesburg - Despite banks claiming to offer 100% home loans, potential buyers are still left out in the cold by stringent lending criteria, said South Africa's biggest mortgage originator on Wednesday...

Last year, the commercial property market was affected by the recession, high unemployment, liquidations, insolvencies and the global economy...

According to estate agents, money is ‘no object’ with people able to charge exorbitant rates, starting from $7,000 a day to top-of-the-range accommodation...

Finding the “dream home” that matches your budget is always a challenge and most homebuyers realise that they should put lots of time and effort into the search since this will be one of the most important purchases they will ever make...

The latest figures released by credit bureau and rental research agency, Tenant Profile Network (TPN), indicate that the rental market in the upper end of the housing market has become increasingly risky for buy-to-let investors, with a significant jump in the number of tenants in upmarket properties who are no longer able to pay their rent...

South Africa's National Treasury said on Wednesday that the VAT treatment of commercial and residential accommodation will be reviewed. Landlords of furnished properties have found themselves in the Value Added Tax (VAT) net because of "definitional technicalities"...

Advice from a property MD: If you are selling a property which is held in a Company, a CC or a Trust it is still essential to record the deal in writing...

Although South African property laws are widely regarded as progressive and encouraging to foreign investors, buyers from overseas can be surprisingly ignorant about the terms and conditions under which they own their properties, says Lanice Steward, MD of Anne Porter Knight Frank...

RE/MAX of Southern Africa has kicked off 2010, the year of opportunity, with a series of awards breakfasts around the country to celebrate its Broker/Owner and Sales Associates’ successes in 2009, one of the toughest years in the property market by far...

A recent court decision, Brownlee v Brownlee, in which the judge imposed a punitive costs order because a party and their attorney had not been willing to try mediation rather than litigation bodes well for the fostering of a more active mediation culture in South Africa...

Question:
We received a letter from the trustees informing us that they will raise a special levy during the six months starting from the end of February 2010. The reason for this is to paint our complex...

Greece finds itself in the odd position of being a news vortex these days. The country has become a symbol of a declining state and a prime example of a loser in the shifting sands of the economic meltdown. Where does South Africa stand in relation to Greece? Maybe an odd question, but no odder than the answer...

In the sunshine town of Bela-Bela (Warmbaths), there is something for every need; from fun activities like our world famous cable-ski, to conference facilities...

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Local buyers boost George property market

Property sales in George started an upward trend in September last year, which resulted in the best December sales figures in many years for the local Chas Everitt International office, and good results since then...

Propstats figures confirm steady rise in Cape residential sales

The January figures from PropStats, the Western Cape Institute of Estate Agents’ new monthly statistical review (available to agency principals and managers), gives further encouragement that the Cape residential sector’s recovery is gaining momentum...

Zimbali property saga: Who is telling the truth?

Luxury holiday spot to be completed soon, says JSE listed developer. Impossible, say disgruntled contractors...

The national blood donation campaign recently launched by the Aida real estate group has already yielded more than 2500 precious pints – and is on track to deliver thousands more before it ends...