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 …
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 …
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 …
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 …
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 …
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 …
It is not uncommon to misunderstand how CGT is determined and applied when it comes to the sale of your home or investment property. As the reality of these tough economic times kick in, and personal budgets reviewed, it may be that you have decided to sell your property, be that the home …
Record-low interest rates, coupled with scores of distressed sellers likely to dump properties on the market in the coming months, will create a cheap entry point for would-be homebuyers With interest rates at 47-year lows and house prices expected to drop this year for the first time in a decade, …
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 …
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 …
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 …
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 …
