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Wednesday Mar 24, 2021

How to select a good real estate agent

Those having to find an agent on their own have several factors to consider when selecting the correct professional.

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Industrial property came out best in commercial sector

The commercial property market has been heavily affected by the coronavirus lockdown, with each sector fighting its own battle against economic conditions and consumer confidence.

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Battle for Sea Point property

A Cape Town man is in a David versus Goliath struggle to get what he says is due to him after battling to obtain the money and property of a multi-million rand deceased estate

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Tenant rights in terms of the set-off rent clause

In common law, a tenant has a weapon, a right to deduct from the rent (set-off) where the landlord is in default.

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EAAB committed to ensuring legitimate agents can operate

Following a High Court judgment against it last week, the Estate Agency Affairs Board (EAAB) says it is committed to ensuring legitimate estate agents can operate.

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Wednesday Mar 17, 2021

Cape Town's Southern Suburbs market on the up and up

During a time when most areas are experiencing a notable lull at the top end of the market with the only real activity being seen at the entry level, Cape TownÂ’s Southern Suburbs is holding its own, with a number of high end and cash sales already concluded during the first two months of 2021.

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Sibaya breaks the R1billion mark in 1 day

In just one day, Salta Sibaya, Devmco Groups' newest development, achieved over R1 Billion in sales. Launched on 13 March, Salta Sibaya has set out to revolutionize the way we live along KZN's North Coast and the uptake of sales speaks to the fact that Devmco have met the demand for next-level residential opportunities.

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Court finds against EAAB in battle for FFCs

In a scathing judgement handed down from the High Court on 15 March, the failure of the Estate Agency Affairs Board (EAAB) to issue Fidelity Fund Certificates (FFCs) to the applicant estate agents has been found without merit. This comes after urgent application from the Real Estate Business Owners of South Africa (REBOSA) as a last resort to assist real estate professionals still awaiting the issuance of their FFCs for 2021.

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Job losses expected to dampen market demand

The anticipated release of more housing stock into the housing market and large-scale job losses among middle-income earners are expected to have a dampening effect on property market activity and prices in the coming months.

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Fraction of qualifying buyers apply for subsidy

The goverment's Finance Linked Individual Subsidy Programme (Flisp) works well to provide homes for firsttime low-income buyers and meet the governmentÂ’s social housing objectives, but the process to access the subsidy needs to be made easier.

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