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REBOSA welcomes new property laws

As of 1 February 2022, the new Property Practitioners Act (PPA) will officially commence. According to Tony Clarke, Chairman of the Real Estate Business Owners of South Africa (REBOSA), this is a welcome step in the right direction for an industry previously plagued by unclear and often poorly implemented legislation.

Posted at 07:14AM Jan 22, 2022 by Editor in Residential  | 

Bumper festive season for the Western Cape

The recent spike in semigration has seen market activity soar in the Western Cape once again, with many agents reporting an exceptionally busy festive season and a deluge of enquiries not only from upcountry but also abroad.

Posted at 11:53AM Jan 21, 2022 by Editor in Residential  | 

Rental trends to look out for in 2022

The last two years have been some of the toughest ever experienced in South Africa's rental market. Pandemic-driven pressure saw tenant churn and vacancies climbing, tenant reliability and rental collections dropping, and already-slow average rental escalation entering negative territory.

Posted at 11:36AM Jan 21, 2022 by Editor in Residential  | 

Strong year bodes well for property in 2022

'The increasing desire for space saw freehold properties overtake sectional title sales by a wide margin in 2021.'

Posted at 11:23AM Dec 08, 2021 by Editor in Residential  | 

'Record sales and developments as Plett's market booms'

Semigration and high demand are driving a bumper year in the scenic Garden Route town where record sales have been recorded since the end of the hard lockdown in June 2020, with 2021 already Plettenberg Bay's best year to date.

Posted at 12:43PM Dec 07, 2021 by Editor in Residential  | 

Residential rental market battles low growth and high inflation

Subdued rental growth continued into the third quarter of 2021 amid high levels of inflation, driven largely by increasing transport costs in the absence of real economic growth.

Posted at 12:41PM Dec 07, 2021 by Editor in Residential  | 

Subdivide or sectionalise – doing more with large properties

As land in popular suburbs becomes more and more scarce, owners of large properties are often able to make a healthy profit by portioning off their erven for additional dwellings.

Posted at 12:33PM Dec 07, 2021 by Editor in Residential  | 

Ways to resolve neighbourly disputes

Homeowners can select their home, but they cannot select their neighbours. When resolving issues that arise from across their boundary wall, homeowners are encouraged to first seek to reach amicable solutions before involving the local authorities.

Posted at 12:31PM Dec 07, 2021 by Editor in Residential  | 

'Affordability and lifestyle drives False Bay property market'

False Bay agents are reporting a notable uptick in enquiries since mid-year, especially from young families who are seeking quieter lifestyles near good schools, first-time buyers taking advantage of the low interest rate and empty-nesters or retirees looking to scale down.

Posted at 12:29PM Dec 07, 2021 by Editor in Residential  | 

Understanding the voetstoots clause and the condition report

"All too often, buyers discover unpleasant 'surprises' about their new homes within months or even weeks of moving in."

Posted at 02:20PM Nov 25, 2021 by Editor in Residential  |