IN A NUTSHELL
Court ruling regarding outstanding levies – Body Corporate In a court case on 3 January 2025, the Body Corporate of a complex with sectional title units, and the owners of…
VAT INCREASE
“Finance Minister Enoch Godongwana has announced that VAT, currently at 15%, will increase by half a percentage point in 2025/26 and another half a percentage point in the following year. The…
What can you do if your landlord doesn’t pay your deposit back
When renting a property you need to pay a deposit upfront. This could be for one to three months in advance.In South Africa landlords are legally required to put rentals…
Another repo rate cut, what now?
PROPERTY PROFESSIONAL EditorLast week, the repo rate was cut by 25 basis points for a third time, bringing the prime rate to 11%. In our quarterly update on the repo…
Expropriation Bill 2025
Article written by Private Property Reporter What property owners in SA need to know On January 23, 2025, President Cyril Ramaphosa signed the Expropriation Bill into law. This new law…
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…