Louwrens Coetzer & Vennote/Partners

Factors you should never hide from your real estate agent

Effective communication is a fundamental factor within successful relationships. This is especially true for the relationship between the prospective homebuyer and their real estate agent. An open communication channel is imperative for an agent to fully understand what a buyer wants and needs. Yet, according to Regional Director and CEO …

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 …

Property Market Trends: Average house prices and outlook for 2024

In the face of challenging economic conditions and high-interest rates, property prices continue to grow slowly. The current annual property inflation rate is around 2.41%*, with some outlying provinces like the Western Cape sitting at around 4.8%*. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa expects there …

Value-for-money price bands in central metro housing markets

Aerial view of Gqeberha Faced with the rising cost of living, the rigours of loadshedding, and a constrained economy, it’s not surprising that many home buyers – particularly first-time home buyers – are seeking value-for-money residences in the more affordable price bands, says Dr Andrew Golding, chief executive of the …

IMPORTANT COMMUNICATION ON THE OPENING OF 29 FEBRUARY 2024 PDE REGISTRATION

    The PPRA is excited to announce that the PDE scheduled to take place on the 29th of February 2024 is now open for registration on the PPRA portal. A) PDE Registration: The exam registration process will remain open until 02 February 2024. The PDE will be conducted strictly …

Property market: Roundup and forecasts for 2024

The Rawson Property Group’s sales, rentals, commercial and finance specialists share their analyses of this year’s key trends and events and explore the most likely shifts to occur in 2024. Residential Property Sales “Residential sales have been under a bit of pressure for some time now, largely due to the rapid interest …

IMPORTANT COMMUNICATION ON PDE DATES FOR 2024-2025 FINANCIAL YEAR

This serves to advise stakeholders of the approved PDE dates for the financial year 2024/2025 which commences on the 1st of April 2024. PDE scheduled for 09 February 2024 will proceed as scheduled followed by the following dates: PDE exam date   PDE exam opens for booking/ enrolment/ registration on MyPPRA portal …

CONCOURT DECLARES SECTION OF THE DIVORCE ACT UNCONSTITUTIONAL

Ordinarily, an individual married out of community of property without accrual can’t claim from their spouse’s estate if they divorce. Bernadette Wicks | 10 October 2023 15:53 JOHANNESBURG – The Constitutional Court has declared as unconstitutional a section of the Divorce Act. This has left many stay-at-home wives at risk of financial ruin …

Trust-worthy: Trustees, trust administrators, and accountants brace yourselves

After the government promulgated onerous amendments to the Trust Property Control Act (TPCA) on December 22, 2022, and issued regulations for its implementation on March 31, 2023, the Department of Justice and Constitutional Development issued a media statement reminding (informing) the public that these new measures have come into effect …

Using a Dry Trust to safeguard your children’s future outside South Africa

South Africa’s financial uncertainty has prompted many people to look for ways to secure their assets for their children’s future. Recent changes to Sars’ Tax Compliance Status requirements, specifically with reference to exchange control, emigration and Foreign Investment Allowance types, have further fuelled these uncertainties. In simple terms, reporting requirements …

New marriage and divorce laws coming to South Africa

Home Affairs Minister Aaron Motsoaledi says his department is still developing an executive bill regulating all marriages in South Africa – which is cold comfort to those affected by the drawn-out process. Speaking before a portfolio committee meeting, Al Jama-ah leader Ganief Hendricks briefed Parliament on the Registration of Muslim Marriages …

2023 NEW ILLUSTRATIVE TRUST ACCOUNT AUDIT REPORTS

30 March 2023 On 1 March 2023, the Independent Regulatory Board for Auditors (IRBA)’s Committee for Auditing Standards approved new illustrative reports to be used by auditors of business property practitioners when reporting to the Property Practitioners Regulatory Authority (PPRA) in terms of section 54(5)(b) of the Property Practitioners Act …

AN IMPORTANT NOTICE TO ALL PROPERTY PRACTITIONERS ELIGIBLE TO PARTAKE IN THE CPD PROGRAMME

CPD MATERIAL FOR 2023 The PPRA would like to inform all eligible property practitioners that the mandatory CPD programme for 2023 will be available on our PPRA portal from 15 May 2023. We will be offering both contact (venue-based) and online sessions (e-Learning). We urge all eligible property practitioners who …

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