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Monday Aug 03, 2020

Consider turning offices into profitable flats

As office blocks stand empty, the trend is shifting towards using them to fill accommodation needs, from long-term lets to backpackers

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City mulls new 'fire levy' to help fill empty coffers

ETHEKWINI Municipality is contemplating the introduction of a "fire levy" for property owners as a means of raising extra revenue.

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Promising latest sales figures

LEADING estate agencies say their latest sales figures suggest the light at the end of the tunnel for the residential property market may be closer than anyone thought.

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POPIA and privacy protection considerations in the property sector for real estate players and customers

Recently my wife and I embarked on a virtual house hunt fuelled by lockdown fatigue, the recent reductions in the repo rate and the countless articles nudging home buyers towards the opportunity of benefiting from the economic downturn that has humbled the usually booming Cape Town housing market.

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What Happens to a Tenant When a Landlord Sells

The current strain on household incomes as a result of the national lockdown has led some landlords towards making the decision to cash in on their investment by selling their rental properties. This often raises concerns among both the tenant who is renting the property as well as the future homeowner: what happens to the tenant when the landlord decides to sell the home?

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For many buyers, sectional title living offers heightened security, affordability and a more communal way of life. However, sectional title ownership comes with a variety of ownership responsibilities and legalities of which buyers are not always aware.

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Here's How Your Agent Earns Their Commission

On average, for every hour that a real estate agent spends with the homeowner of the property they are selling, they will spend around nine hours out of eyesight working on the seller's behalf. The reason for this is fairly simple - if they don't sell the property, they don't get paid.

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Following the latest interest rate cut, purchasing real estate has never been more enticing. At the current prime lending rate of just 7%, homeowners can end up spending less on their monthly bond instalments than they would in rent.

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Monday Jul 27, 2020

SARB cuts repo rate by another 25 basis points

The rate cut would reduce the prime lending rate to a further historic low of 7 percent.

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Furore over 5G towers at homes

A government policy proposal for the rapid roll-out of 5G technology, including on private property, has raised alarm.

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