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 …

What land expropriation without compensation will mean for homeowners in South Africa

Members of parliament met last week to discuss the long-awaited draft bill on land expropriation without compensation. With the draft bill set to be published for public comment in the coming weeks, there has been some fear-mongering on social media platforms suggesting that the proposed law will lead to Zimbabwe-like …

Is it worthwhile buying a fixer-upper?

Purchasing a fixer-upper can be an extremely beneficial financial endeavour. However, only if the buyer has taken the time to do their research and followed the right procedures to ensure they are making a sound investment decision. © victor zastolskiy – 123RF.com Irrespective of the kind of property the purchaser …

Risk Alert Feb 2013

First a conveyancing scam alert Bad news! After going quiet for a short time, the scamsters are now back and operating in various jurisdictions. Please warn your conveyancing staff not to allow the seller to change the details of the bank into which the proceeds of the sale must be paid. …

Why you should invest in property

Investing in property is one of the ways to make money, and commercial property is said to be offering good returns.  “These fundamental differences between property and other asset investments are often not acknowledged by commentators and analysts.” In particular, he says, these people tend to overlook the huge advantage …

How to buy a distressed/repo property?

How to buy a distressed/repo property? 09 Nov 2011 Now is a good time to buy distressed and repossessed properties thanks to low interest rates and available stock in the property market. A distressed property can be defined as property that is under a foreclosure order or is advertised for …

Destruction of a scheme

29 September 2011 Section 48 of the Sectional Titles Act 95 of 1986 (the “Act”) provides inter alia that the owners may by unanimous resolution agree to the destruction of the building, comprising a sectional title scheme. Section 49 of the Act, furthermore, provides that where the owners may also by unanimous resolution resolve …

If you can afford it, buy that home!

09 Sep 2011 Currently, low house prices and interest rates offer a once-in a lifetime opportunity for buyers to enter the residential property market. A low interest rate environment allows individuals to qualify for larger loan amounts or pay lower instalments on a loan than would otherwise be afforded. Standard …