Municipalities that are poorly managed do more than simply irritate inhabitants and cause garbage piles; they may also be a harbinger of widespread economic downfall.For metropolitan areas in particular, the indicators of a badly managed municipality quickly become difficult to ignore, symptomatic of a lack of trust in the area’s economic viability and worries that crime rates will grow as opportunists...
After more than a year of record-high interest rates, homeowners may be frantic to find methods to alleviate the financial burden.While family finances cannot be saved overnight, there are steps homeowners can take to begin developing healthier money habits that will eventually lead to more financial independence.Regional director and chief executive of Re/Max of Southern Africa, Adrian Goslett, is...
The property market has long favoured landlords, however, with interest rates forecast to stabilise and maybe fall somewhat at some point this year, this might change.Adrian Goslett, the regional director and chief executive of RE/MAX of Southern Africa, advised landlords to maintain contact with their local real estate practitioner in order to stay current with changing trends.According to the most recent...
The Guptas’ Upper Constantia mansion, standing in a derelict state, has been sold for R20 million to an international buyer.The controversial family, who fled the country, paid R17m for the seven-bedroomed house in 2005 that was owned by Mark Thatcher, the son of late British prime minister Margaret Thatcher.In South Africa, Mark Thatcher was found guilty of financing the 2004 coup attempt in Equatorial...
By Bryce ODonnellFrom both a global and local standpoint, offices will continue to remain a key and critical aspect of an individual’s professional life and career. However, what is poised for transformation is the functionality, layout and design of offices in the future. This change is primarily driven by the evolving demands of businesses.The traditional office model, characterised by cubicles and...
The Guptas’ Upper Constantia mansion, standing in a derelict state, has been sold for R20 million to an international buyer.The controversial family, who fled the country, paid R17m for the seven-bedroomed house in 2005 that was owned by Mark Thatcher, the son of late British prime minister Margaret Thatcher.In South Africa, Mark Thatcher was found guilty of financing the 2004 coup attempt in Equatorial...
Rising interest rates have challenged the property market in recent years with many aspiring homeowners forced to put their dreams on hold and new buyers qualifying for smaller bonds than they had hoped.Even though the repo rate has held steady and the hiking cycle is believed to be over, market activity will remain subdued it starts coming down.But it is not all about interest rates; there are a number of...
South Africa’s first-time homebuyers have had a tough time entering the property market in recent years thanks to high interest rates and living costs, but this has not stopped them from staying the course.In fact, despite the challenges, they are managing to put down higher deposits than they were a year ago; the average price they are paying for their first home is, therefore, also higher.Data from...
If you dream of living a new life in another country but don’t have the right passport or heritage to do so, you could gain foreign citizenship or residency simply by purchasing a property.Granted, the ‘simplicity’ is in the fact that you can acquire rights to live in another country by investing in property there, not in the cost it entails.If you do have the money, however, to purchase a home in...
More South Africans are being forced to sell their homes as high interest rates and rising living costs make it impossible to keep hanging on.In the last quarter of 2023, almost 25 percent of homes listed for sale were due to financial pressure; this means that one in four properties with ‘for sale’ signs outside their doors has distressed families or individuals living under their roofs.To put this...
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