The buy-to-let strategy has faced headwinds in South Africa, with rising interest rates, economic pressures, and escalating property prices making it harder for investors to ensure rental income covers costs, according to Odette Maartens, head of rentals at DG Properties. Despite these challenges, Maartens says Cape Town and the Western Cape remain strongholds for buy-to-let opportunities, thanks...
Choosing the perfect rental property is an important decision for those seeking to rent a home, as it affects their lifestyle and financial well-being. With a varied selection of possibilities accessible, learning how to choose the most appropriate property is vital. “Finding the right rental property can enhance your quality of life and provide peace of mind in your living situation,” said...
Rental property owners and landlords must understand their duties and rights under South African rental regulations, particularly what they are not permitted to do.Landlords and tenants have rights and obligations under the Rental Housing behave and the Consumer Protection Act, and landlords cannot behave arbitrarily, particularly when dealing with tenant complaints.Seeff Southern Suburbs’ rental brokers...
Thinking about renting your property out in order to make some extra cash? Well you should know your insurance liabilities. A number of South Africans have taken to renting out a room, flatlet, or their entire house to earn extra income, especially during the holiday season.Homeowners have flocked to platforms like Airbnb, Roomies or Roomster to rent out their homes and or rooms to potential guests.The...
Landsdowne Property Group, one of South Africa’s residential real estate managers and estate agency companies says having a good credit record is a powerful tool for tenants, and it empowers them to negotiate more favourable lease terms. In a competitive rental market, a strong credit history helps tenants secure quality properties while also paving the way for future financial opportunities, such...
For commercial property tenants in South Africa, understanding rental escalation is crucial to maintaining a stable business environment and managing expenses effectively. “Knowing how escalations are calculated and what factors influence them can help tenants plan financial strategies and even open the door for negotiations,” says Craig Mott, National Business Development Manager for the Rawson...
Amid a bank overdraft of R3 billion, the Department of Public Works and Infrastructure is owed about R14 billion by clients including R4 million by current and former parliamentarians. This was revealed by Minister Dean Macpherson in written response to parliamentary questions from ANC MP Carol Mokgadi Phiri. Macpherson said the department was faced with significant and structural weaknesses. “We...
With high interest rates stretching recent homebuyers to breaking point, André van Rooyen of PayProp says that many hopeful first-time buyers would be better off renting. A growing number of millennial homebuyers are taking to social media to share their disappointment after being slammed with surprise costs. Some of these include maintenance costs, levies and rates. But the biggest shock for many has...
The buy-to-let investment strategy has faced challenges across South Africa due to rising interest rates, economic shifts, and escalating property prices. Investors are increasingly under pressure to ensure that rental income can cover the higher costs of financing properties. However, despite these challenges, Cape Town and the broader Western Cape continue to offer promising opportunities for buy-to-let...
Renting a property can often lead to disputes between landlords and tenants, ranging from issues of non-payment of the rent to disagreements over maintenance, noise, municipal charges and overcrowding. Consequently, says Andrew Schaefer, MD of leading property management company Trafalgar, it is best to be proactive when it comes to preventing disputes if at all possible, and being prepared to manage them...
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