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 …

Good News From The 2012 / 2013 Budget

23 February 2012 Lew Geffen, chairman of Sotheby’s International Realty in SA, says: “Today’s Budget holds out excellent prospects for the speedy improvement of the real estate market and the sustainability of that recovery. “The most important macro aspects include Finance Minister Pravin Gordhan’s strong stance, re-iterated throughout his speech, …

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 …

Start building a healthy credit record

24 Sep 2011 It’s never too early to start building a healthy credit record. It is also important for potential borrowers to pay attention to the implications of the National Credit Act, which provides that lenders must ensure, before they grant any new credit, that borrowers will not be committing …

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 …

Selected building statistics of the private sector as reported by local government institutions May 2011.

  The value of recorded building plans passed by larger municipalities (at current prices) increased by 5,3% (R1 250,8 million) during January to May 2011 compared with January to May 2010. The biggest increase was reported for non-residential buildings (13,6% or R708,0 million), followed by residential buildings (6,9% or R699,3 …

Clarity on the Property Rates Amendment Bill

Source: http://www.moneyweb.co.za/mw/view/mw/en/page299360?oid=547884&sn=2009+Detail&pid=299360 ALEC HOGG: It’s Tuesday July 19 2011 and in this Boardroom Talk special podcast we speak with Yunus Carrim, who’s the Deputy Minister of Cooperative Governance and Traditional Affairs. Deputy Minister, the proposal for a hike in rates on second properties has released a firestorm. You have come …