Why Conveyancing Is Needed When Buying A Commercial Property

Buying commercial property isn’t always a straightforward process. It doesn’t start and end when money changes hands from the buyer to the seller. It involves a lot of legalities and the nitty-gritty paperwork. If you’re buying a commercial property for the first time or you’re not quite knowledgeable with the …

Tips for buying and selling at property auctions

Buying a property at an auction sale does not always mean that you are going to get a bargain. It is therefore important that you do your homework before purchasing. South Africans are not used to buying and selling residential properties using auction sales. A property that is being auctioned …

Property investment in 2021 | How different property classes coped with the pandemic

The property market has undergone huge changes during 2020 as a result of the Covid-19 pandemic, but not all sectors have had the same experience. Global real estate marketplace, Wealth Migrate which allows investors to safely invest internationally, in quality opportunities for wealth preservation shares insights into how different asset …

Looking ahead – residential property trends we can expect in 2021

Seems almost counter-intuitive to say that 2021 looks set to be a bumper year for the housing property market. By Carl Coetzee 30 Dec 2020  00:01  It seems almost counter-intuitive to say that 2021 looks set to be a bumper year for the housing property market, given the challenging few months we have …

Emerging property trends for 2021 | Low interest rates will continue to drive the market

COVID-19 has accelerated change in the property industry, focusing sharply on safety, socio-economic disparity, and wellness amid a backdrop of global economic uncertainty. A PWC report highlights how the year ahead will be “a crucial moment” to showcase leadership and drive change. The US report details how the pandemic has accelerated many …

Positive news to emerge from the Medium-Term Budget Policy Statement

Berry Everitt, CEO of the Chas Everitt International property group, says the most positive news to emerge from the Medium-Term Budget Policy Statement delivered by Finance Minister Tito Mboweni today is that the economy is expected to “rebound” in the final quarter of 2020, and return to positive growth next …

Recent rate cuts shave over R1.5k off a R1m bond – but is it enough?

The fourth interest rate cut of 2020, as announced on Thursday by the South African Reserve Bank Monetary Policy Committee, presents a mixed-bag for the property industry.  The 50 basis point interest rate cut brought the cumulative repo rate reduction in the current interest rate cutting cycle to 3 percentage points (starting …

Estate agents can now apply for an essential services permit to perform inspections

While it might not be back to work as usual just yet, estate agents can register as an essential service provider to facilitate incoming and outgoing inspections – now that the once-off movement to relocate has been put into effect.   The permit is limited to “only providing support to other Alert Level …

Covid-19’s Impact on the commercial property finance industry and property markets

By Klaus-Dieter Kaempfer Head: Commercial Property and Equity Investments, Absa The COVID-19 outbreak has had a systemic impact on the global economy, affecting many asset classes adversely across many geographies. The International Monetary Fund (IMF) recently published projections  which indicated that global growth will decelerate by -3.0% in 2020 in …

Can I move? Alert Level 4 rules for tenants and landlords

South Africa’s lockdown is set to move to Alert Level 4 tomorrow, 1 May. The latest Regulations relating to the Schedule of Services and Framework of Sectors was gazetted and released on Thursday night, 29 April. They repeal all previous Regulations issued in terms of the COVID-19 pandemic dealing with the forced …