COSTS INVOLVED WHEN BUYING INSOLVENT PROPERTY
Firstly, as when buying any other property per norm in SA, there will be attorney fees and bond costs involved. (ONLY BOND COSTS if you take out a bond from…
HOW TO MAKE THE MOST OF A PROPERTY AUCTION
Article written by Sarah–Jane Meyer in Property Professional The practice of using auctions as a means of buying and selling property has become more popular in South Africa, and this applies…
SECOND REPO RATE CUT
The South African Reserve Bank has cut the repo rate for the second time this year, by 25bps (basis points). The repo rate is now at 7.75% and the prime…
RENTAL INDEX SOUTH AFRICA
GautengHas a steady increase. It is SA’s economic hub that attracts property investors and renters. The infrastructure, amenities and job opportunities makes it a desirable location for South Africans.North WestHas…
Residential Property Index
Residential Property Index From Lightstone LIGHTSTONE AREA VALUES BANDS INDEX LUXURY: > R1,5 milHIGH VALUE: R700 000 to R1,5 milMID VALUE: R250 000 to R700 000LOW VALUE: < R250 000 NATIONAL YEAR ON YEAR HOUSE PRICE…
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…