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Residential Property

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Slow economy set to add downward pressure on SA house prices

As we draw a close to the third quarter of 2021, the effects of the third wave of COVID-19 infections combined with the looting and protest actions following Zuma’s arrest are sure to be felt across most sectors of the South African economy. The question is whether this will have an impact on the local housing market.Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that he...

15 mistakes

15 common mistakes made by first-time property buyers

Navigating the property industry as a first-time home buyer can be nerve-wracking and overwhelming, and the thought of making a mistake with such a large investment can be enormously stressful. In this article, we unpack the most common mistakes made by first-time property buyers and provide advice on how to avoid them. 1. Not understanding your affordability Before house-hunting, it is important to ensure...

What’s the most tax-efficient way to build wealth through property?

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...

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Here’s why the KZN property market is one of SA’s ‘best kept secrets’

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...

SARB To Hold Rate But Hike Around The Corner

SARB to hold rate but hike around the corner – expert panel

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 is planning major property law changes

South Africa is planning major property law changes – here are 3 important issues you should be aware of

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...

Garden Route

Explorer’s Garden Route | Sedgefield, Wildnerness, Stilbaai and Witstand peak buyers’ interest

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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Do’s and don’ts when buying property with family

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...

voetstoots

What buyers need to know about purchasing a distressed property

What buyers need to know about purchasing a distressed property 20 Dec 2020 The unfortunate reality is that there has been an increase in the number of distressed property sales owing to the lockdown and a rising unemployment rate. While interest rate cuts provided a ‘massive stimulus’ to the market, demand has slowed as signs of consumer distress start filtering...

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