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Wednesday Aug 24, 2016

Liability for levies when units are sold

When a sectional title unit is sold, the pro rata ordinary or general levies for the period remaining of the current financial year automatically becomes the responsibility of the new owner, according to the Sectional Titles Act.

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Tuesday Aug 23, 2016

'Don't let rate hikes slice into your sale profits'

Municipal rates and service charges have just gone up again in cities and towns all around the country and that will mean higher running costs for homeowners, and higher holding costs for home sellers.

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Monday Aug 22, 2016

Property prices don't always go up

"Our estimate is that 12 percent of sales took place at prices up to 50 percent below original purchase price."

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'Don't set property price with only foreign buyers in mind'

According to data from PropStats, foreign buyers don't make up as large a proportion of buyers on Cape Town's Atlantic seaboard as many suspect.

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R108 000 / square metre in SA's most expensive street

The Cape Town property market is proving to be streets ahead of the rest of the country with research showing Dock Road in Cape Town's V&A Marina selling for an average of an eye-watering R108 000 a square metre.

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Taking on more debt after home loan approval may trigger a reassessment

Home loan customers are often not aware that some banks may continue to monitor their credit profiles and perform updated affordability checks up until bond registration.

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Service delivery matters, polls vindicate Cape property case study

One of the most important outcomes of this year's local government elections and a shift in power to the opposition, the DA in particular, has been that service delivery matters, says Samuel Seeff, chairman of the Seeff property group.

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Holiday developers must quit KZN buffer zone

A holiday home development close to the iSimangaliso Wetland Park has four months to vacate and rehabilitate the land in the "buffer zone" around the protected area, the Pietermaritzburg High Court has ruled.

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Friday Aug 19, 2016

Impact of fewer foreigners on property market

Fewer foreign buyers are investing in homes in South Africa. While this has little noticeable impact domestically, it underlines the tough conditions confronting the property market.

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Thursday Aug 18, 2016

River Club proposal concerns Observatory residents

Cape Town's Observatory residents fear a proposed R4billion redevelopment of The River Club will mean the loss of public open space along the Liesbeek River.

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