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…
OFFER TO PURCHASE AND DEPOSIT PROCESS EXPLAINED
Written by Jolinde Kruger, Qualified PP Mentor & Head of Private Sales & Developments at Cilliers Auctioneers DEPOSIT Deposit of 10% required based on the offer amount.We are dealing with…
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…