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Monday Nov 30, 2015

Residential rental index take a dip

The quarterly PayProp residential rental index has indicated a downward dip in the average residential rental rate in South Africa, which is just above R6 500 a month.

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No festive cheer as the repo rate is hiked amid slowing economy, claim experts

There will be a little less to cheer about this festive season following the Reserve Bank's Monetary Policy Committee ( MPC) latest announcement that the repo rate is hiked by 25 basis points from 6 percent to 6.25 percent, with the base home loan rate up from 9.5 percent to 9.75 percent.

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Friday Nov 27, 2015

'Are property show days still worth it?'

With nine out ten property shoppers looking for homes online, many real estate professionals have steered away from having traditional open show days.

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Thursday Nov 26, 2015

Rapid urbanisation strains cities' infrastructure

Joburg and Cape Town are among the fastest growing cities in the world.

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Wednesday Nov 25, 2015

Apply for Durban rate rebate or lose out

Residents of Durban's affluent suburbs who own properties worth more than R1 million will have to apply for a rate rebate on their properties or risk paying more.

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Lease terminations 'to be in writing'

It is important to have written confirmation of early termination of a lease contract. This safeguards the refund of the security deposit to the tenant and allows the landlord to find a replacement tenant.

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Monday Nov 16, 2015

High property prices 'not always a good thing'

Are high and forever-rising residential property prices really a good thing? Many seem to think so, but perhaps not if one considers the broader economic benefits of affordable property.

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Friday Nov 13, 2015

NHBRC system downtime impedes property development

The National Homebuilders Registration Council (NHBRC) has notified property developers in South Africa that their IT systems are being upgraded, and as a result, they will be unable to process or access any information during this time.

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Monday Nov 02, 2015

Seller knew of property defects, court rules

A voetstoots clause in a property sale agreement was not enough to protect the seller of a smart Garden Route cottage when the new owners moved in and began uncovering problems which they were not warned about before they bought.

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Tuesday Oct 27, 2015

Property prices drop 'more often than people think'

There are doubts about the accuracy of house price indices in reflecting changes in the values of residential properties, particularly in tough economic times.

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