SA moves to alert Level 1 | End of payment holidays to make SA’s debt crunch real

South Africa will move to Alert Level 1 at midnight on Sunday, 20 September – and the remainder of the restrictions imposed during the past six-month lockdown under a state of disaster will be eased. While the residential property market has seen signs of an earlier than expected rebound, beyond …

SA divorce rate ‘on the rise during lockdown’

The national lockdown has put a strain on our everyday lives. When it comes to relationships, even more so.  After reading copious amounts of articles and data, many couples admit the global pandemic has forced them to re-evaluate their relationships, often choosing to separate for what ever reason. According to …

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 …

Can I move home yet? Covid-19 lockdown regulations require clarity

Does the move from level 5 lockdown to level 4 on Friday mean that people will be permitted to move home? It’s a question which tenants, new homeowners, landlords and removals companies desperately want answered. “I’m all packed, ready to move into my new home on the 1st, but there …

Rules for rental during lockdown, according to RE/MAX

Tenants are also cautioned to consider the negative effects an eviction will have on their credit score as well as their ability to rent another property.April 25, 2020 The lockdown has left many tenants and landlords in precarious positions. Regional director and CEO of RE/MAX of Southern Africa Adrian Goslett …

11-point plan to post-lockdown economic recovery for SA’s property sector

By Tholo Makhaola, President of the South African Institute of Black Property Practitioners The South African Institute of Black Property Practitioners says already-vulnerable township businesses will bear the brunt of this pandemic if clear measures are not put into action to ensure a proper post-lockdown economic recovery for SA’s property sector. …

SA’s property sector speaks with one voice

Economic relief during the Covid-19 pandemic is the first order of business for the newly-formed council of the broader property sector, the National Property Practitioners Council (NPPC) that will represent the sector going forward on issues connected with the property industry. For the first time in the history of the …