Low Interest Rates First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.According to the oobarometer, the Average Purchase Price increased by 13.8% for the first quarter of 2021 (Q1 21) compared to...

What’s the most tax-efficient way to build wealth through property? I want to create a financial wealth portfolio that I can enjoy in my retirement age, and that will enable me to leave something behind for my children. I would like to invest in one or two properties as wealth creation, but I’m unsure of the South African tax laws. Kindly advise of best legal ways of paying the...

Over the past three years, the KwaZulu Natal property market has enjoyed unparalleled growth, outperforming other provinces as an investment destination. And yet, it is still considered one of the best-kept secrets in the country. SEE | SARB holds rate steady, as 'KZN leads property market recovery' According to the Pam Golding Residential Property Index, South Africa’s house price inflation...

Affordably priced homes below R1.5 million are flying off the shelves in the Cape Town Metro, to the extent that there is currently a shortage of stock in this price band. However, despite the high demand – which is mainly from first-time buyers and some investors, and is evident across the Northern and Southern Suburbs as well as the Western Seaboard, homes in these price ranges can be found, as...

Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban precincts, to develop the first tower of the multi-billion rand Harbour Arch project on the Foreshore in Cape Town. With an estimated R15 billion private equity investment, the Harbour Arch development is set to have an extremely positive impact on the City of Cape Town – and its inhabitants – both now and in...

South Africa’s prime lending rate is currently at 7%, the lowest it has been in five decades. As the Monetary Council of the South African Reserve Bank (SARB) is set to meet at the end of March, a unanimous vote by 25 economists on Finder’s repo rate forecast report thinks the bank will continue to hold the rate. Web Design | Marketing | PhotographyRead More ...

South Africa’s Land Expropriation Bill is currently open for public until 10 February 2021. While the issue of land expropriation without compensation remains a hot topic in the country, legal firm Cliffe Dekker Hofmeyr said that this comment period is particularly important as it has found a number of potential issues in the draft bill. “The bill attempts to protect individuals’ Constitutional...

The Garden Route property market, George in particular has continued to thrive, despite the recessionary times that the rest of the country has been feeling. Competition is said to be tough between these Garden Route towns with buyers having good knowledge of locations, and the proximity to the good hospitals and airport access all important factors to consider. According to Adrian Goslett, Regional...

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Buying property with family can be a solution on a multitude of fronts – the elderly are cared for, costs are shared … But things can go wrong, and when they do they can ruin your most precious relationships. So, what are the “dos and don’ts”? Shaun Dubois of Just Property, says he is seeing more and more multi-generational living arrangements: “This was always common in certain cultures but...