REPO RATE CUT – FIRST TIME IN FOUR YEARS
On 19 September the South African Reserve Bank Governor, Lesetja Kganyago, announced that the Monetary Policy Committee has cut the repo rate – the rate that a central bank lends…
FIRST THE CARS, NOW HOUSES. SYNDICATES ARE HIJACKING HOMES
Councilor Grandi Theunissen, Tshwane MMC for community safety, told eNCA that these hijackings have become rife in Gauteng. Syndicates that in the past took over abandoned, dilapidated or neglected buildings,…
WOMEN IN THE PROPERTY INDUSTRY
Questions asked to women in the real estate industry:Venusha Naidoo, Regional Manager Absa Home loans KZN, in Private Property.Eloise Boshoff, Property practitioner, Local Real Estate North Coast, in Property 24.Kirtsy…
MOSSEL BAY NEW MIGRATION HOTSPOT
WESTERN CAPE COAST IS SEMIGRATION HOT SPOT MOSSEL BAY IS IN THE TOP SPOTLightstone figures shows that last year 6406 households from other regions bought property in the Western…
PPRA AMENDS ITS STANCE ON BEE
VALID versus COMPLIANT A couple of months ago the PPRA (Property Practitioners Regulatory Authority) announced that, to renew FFC’s in 2025, a compliant BEE certificate would be…
NEWS FROM IOL
South Africa could be on the verge of a cyclical economic recovery, investors say Reza Hendrickse, portfolio manager at PPS Investments, shares the following: Economic growth remains below potential, but…
PROPERTY NEWS
CALCULATING THE COSTS INVOLVED IN SELLING A PROPERTY ARTICLE: IOL PROPERTYThere are legal and administration costs involved when selling a property.Bond cancellation: This is a legal cost that is carried…
PROPERTY SALES PLUMMET
SEEFF CALLS FOR A RATE CUT AS PROPERTY SALES PLUMMET According to Samuel Seeff, chairman of the Seeff Property Group, property transaction volumes have plummeted by 25% to 17,350 monthly…
SOUTH AFRICAN RENTAL MARKET
In residential and commercial sectors rental availability increased. The demand for rental properties is bigger and home ownership is declining because of the higher interest rate and inflation. This results…
“GNU Could Be Positive For High Interest Rates & Rental Demand Surpasses Supply”
“Surfing around the net and reading up on the talk in-and-around the “grapevine” it seems most consumers, investors and experts sees the forming of a GNU [Government of National Unity]…