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When is a property sales agreement valid?

Purchasing a property is a significant financial investment and there are a number of processes to complete before the sale can go through; from getting pre-approval for a home loan to submitting an offer to the seller, to finally signing the sales agreement.

Posted at 09:47AM Aug 15, 2017 by Editor in Market  | 

House-price growth slows

House price data suggests that a period of economic weakness in South Africa may re-emerge after a slightly stronger performance a few months ago.

Posted at 09:19AM Aug 07, 2017 by Editor in Market  | 

Cape Town's top rents heading to R200 000 a month

Could top-end rents on Cape Town's Atlantic seaboard and City Bowl hit R200 000 a month soon?

Posted at 07:21AM Aug 07, 2017 by Editor in Market  | 

Holiday home market cooling down

Across the country, markets for holiday homes are feeling the pressure of slow economic growth and political instability as people aren't spending amid concern for their financial futures.

Posted at 06:36AM Aug 07, 2017 by Editor in Market  | 

NHBRC faces criticism

The National Home Builders Registration Council was set up to protect housing consumers from unscrupulous and inept builders and the "bakkie brigade" by professionalising the industry and making registration a legal requirement.

Posted at 04:11AM Jul 31, 2017 by Editor in Market  | 

'Timeshare ruined my retirement'

The Vacation Ownership Association of Southern Africa (VOASA) has promised it would respond to claims that its members were fleecing people of their hard-earned money.

Posted at 09:07AM Jul 27, 2017 by Editor in Market  | 

Timeshare inquiry told of tricks and traps

Consumers locked into contracts "for life", unable to sell timeshare points or give them away to escape spiralling levy costs, and others who alleged exploitation by unscrupulous salesmen, presented their cases to the National Consumer Commission in Durban yesterday.

Posted at 07:41AM Jul 25, 2017 by Editor in Market  | 

Interest rate drop a relief for property owners

On the advice of the Monetary Policy Committee (MPC), the Reserve Bank decided this week to lower the repo rate by 25 basis points to 6,75%, which takes the prime lending rate and the variable mortgage rate from 10,5% to 10,25%.

Posted at 09:14AM Jul 21, 2017 by Editor in Market  | 

Reserve Bank announces interest rate drop

The decision to reduce the repo rate by 25 basis points announced by the Monetary Policy Committee of the South African Reserve Bank (SARB) will provide some relief to hard-hit consumers and home-owners, say the experts.

Posted at 08:10AM Jul 21, 2017 by Editor in Market  | 

Will Cape Town's property market survive a recession?

Decreased market activity will likely see many South African cities experiencing property price stagnation or even reduction, but Cape Town may prove to be the exception to the rule.

Posted at 09:14AM Jul 14, 2017 by Editor in Market  |