While no one wants to experience a burglary or robbery, the good news is that there are actions you can take to reduce the danger of your home being invaded. Picture: Pexels When it comes to statistics, South Africa is sure to be among the highest in most types of crimes. This sad reality includes being in the countries with the most violence, sexual assaults and even home invasions or...
A villa in the affluent Garden Route area of the Western Cape has hit the market and is going for a cool R75 million. The home is located in Wilderness and has been named as the most expensive home in the area. The Garden Route is known for its for its serene coastline and according to Remax property has gained popularity among prospective homeowners since the Covid-19 pandemic and the influx of remote...
Interest rates are likely to start entering a downward cycle later this year, which is a good sign for home buyers and investors. This is according to Carol Reynolds, area manager for Durban Coastal at Pam Golding Properties. Reynolds said if investors could secure an investment now and get the numbers to work within your budget at the current interest rates. She said investors and property buyers...
Angry residents in parts of Randburg have been told to expect prolonged power cuts after technicians from Joburg City Power reported they were locked out from a switching station. Most parts of South Africa have been load shedding free for over 25 days as power utility Eskom remarkably is able to meet demand. But some areas have been affected by unplanned and routine outages. One of these areas were...
Qualifying for a home loan may feel like clearing a hurdle, but potential new homeowners need to actively take the next step to negotiate a competitive interest rate with the major banks. The last few South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) announcements have left interest rates unchanged at 11.75% - a 10 year high as interest rates remain extremely high. The high interest...
Although the interest rate has been at a 10 year high of 11.75% for two years, there are indicators that the real estate market is starting to recover.This is according to the most recent BetterBond Property Brief for April 2024, which shows a 7.8% increase in bond applications over the first three months of the year despite the highest interest rates levels since 2014.House prices have also recovered,...
Earth Day, observed on April 22, is an international day dedicated to raising awareness about the critical need to protect the environment.South Africans who want to participate in a greener tomorrow can include a variety of sustainable alternatives in their home.The chief executive of Brights Hardware, Orlando Luis, provides guidance on three simple ways that you can implement to celebrate Earth...
The number of transactions in the South African residential property market has reduced, according to Dr Andrew Golding, chief executive of the Pam Golding Property group.The reasons for reduced property transactions are: a weak economy, higher cost-of-living, including electricity and other municipal tariff hikes, as well as geopolitical impacts.Golding said that all of these factors have made home...
Due to high interest rates, to buy property or not buy property can be a dilemma for many people, but if you’re leaning towards the former, here’s what you need to know.Samuel Seeff, chairman of the Seeff Property Group said that for buyers, it is a good time to buy despite the higher interest rates because prices have been flat for two years which means they can find the same value compared to two...
The Companies and Intellectual Property Commission (CIPC) is in the process of finalising an investigation into the conduct of various regulators that led the failure of a number of property syndication schemes between 2010 and 2012. The two year long CIPC investigation looks into Sharemax, one of the largest South African property syndication schemes at the time. According to Moneyweb, the investigation...
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