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Friday Dec 15, 2017

Property owners should brace for a tough 2018

South African homeowners and prospective buyers should brace themselves for a tough 2018 that could see property rates, electricity and water tariffs, and interest rates rise.

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Monday Dec 11, 2017

'Voetstoots' clause does not remove onus to disclose defects

The "voetstoots" clause, meaning "with a shove of the foot" (that the buyer takes the property in its present condition as it is), has often been used by sellers as a disclaimer to protect themselves against any claims from the buyer if a fault is found after signing the offer to purchase."

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If you pay more than 30% of your income to rent, you are overdoing it

South Africa tenants are urged not to spend too much on rent every month in attempts to keep up with their peers or demand "the best".

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Friday Dec 08, 2017

Building confidence worst since 2012

Confidence in the building industry in the fourth quarter of this year deteriorated to its worst level since the third quarter of 2012.

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Monday Dec 04, 2017

Durban beach facelift scheduled for next year

Construction on the extension of Durban's beachfront promenade will start next month as soon as the festive season is over.

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What junk status means for property owners

In simple terms, credit will start to cost more. This is because junk status means the government will need to pay more to borrow money, and this will ultimately have a knock-on effect on the consumer.

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Friday Dec 01, 2017

Gauteng real house prices decline 20%

Gauteng's three metros - the cities of Tshwane, Ekurhuleni and Johannesburg - have been undergoing a gradual real house price correction and have since 2008 all experienced a more than 20 percent cumulative reduction in house prices when adjusted for consumer price inflation.

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Wednesday Nov 29, 2017

Which tax benefits can property owners enjoy?

It is that time of year again where all income from property investments must be declared to SARS and is subject to income tax, this includes all rental income.

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Monday Nov 27, 2017

Couple taken in by 'fake agent'

A young Cape Town couple, ambitious to get into the property business, learnt the hard way when they realised they had been dealing with a bogus estate agent and a law firm employee who allegedly tricked them into believing he was an attorney.

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Phoenix property scammers in dock for 'theft'of millions

More than a dozen desperate buyers who thought they had hit the cheap home jackpot have fallen for a property scam and lost more than R160 000 each.

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