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Property News


5-point plan set for governments to address African housing finance shortage

15 Nov 2019

Following the conclusion of its 35th annual conference earlier this month, the 35 active members of the African Union for Housing Finance (AUHF) together agreed on a Cape Town Declaration on Housing Finance.


The most critical issue facing housing markets worldwide, whether in established or emerging markets, is housing affordability. Housing affor...

First-time property investor? Here's what you need to know

14 Nov 2019

As a result of uncertainty in the South African property market, opportunities for first-time investors are on the rise. But in the current economic climate, are new investors fully versed in the risks involved in property investment and how to navigate these?

First-time investors are particularly vulnerable. Tenants are perceived to have more rights ...

First generation home buyer concerns

14 Nov 2019

A gap has been created in the market for further education centred around the home buying process.

Transformation within the property market is slowly but surely taking place, with single black females now leading the charge in terms of homeownership. This slowly evolving process of transformation is highlighting the difference in concerns for first- ...

Emerging trends in the real estate industry

13 Nov 2019

The dynamic South African real estate industry is poised for significant transformation.
Real Estate: 2020 and beyond

Influenced by a multitude of factors and operating in regular cycles, the real estate industry has always been one of the most dynamic, but in recent years the changes have become progressively dramatic with the next decade poised f...

Sellers, landlords and agents take note: New property laws and amendments

08 Nov 2019

Keeping abreast of legal amendments is vital for any seller, landlord and agent, and the past few years have seen a number of important new laws and amendments which are having a drastic effect on selling and leasing of property.



According to the Seeff Property Group, the new Property Practitioner's Act which was recently signed into law, re...


On auction: Commercial and residential investment properties

07 Nov 2019

Business owners, entrepreneurs and developers seeking commercial or residential property investment opportunities or premises for their own use will find a number of appealing options on BidX1 South Africa's upcoming online auction on 6 November 2019.

In Vanderbijlpark, an industrial city south of Johannesburg, home to the largest steelworks in the so...

Despite e-commerce boom, retail property remains attractive investment - JLL

06 Nov 2019

Vacancy rates in the South African retail property market have increased above historic levels due to the growth of e-commerce in the country. Retail, however, remains an attractive asset class, according to JLL's latest research report, with selected centres offering investors the potential of stable rental income and potential capital growth in the longer ...

The value of a budget

05 Nov 2019

Government finances are in an unsustainable state as revealed in the mid-term budget. Home owners need to ensure that their budgets don't follow suit.

I met up with a friend recently who has disposed of all assets; sold house and car, and much of her furniture. She now rents an adequately-sized one-bed cottage, which comes with free wifi and inclusive...

Is property co-ownership the answer when times are tough?

04 Nov 2019

Co-ownership is becoming increasingly common in South Africa as it is a great way for multiple people to invest in property, with the intention of "flipping it" or selling it on and sharing the profit, says Chelsea Viljoen of Just Property.

"Due to the economic climate, it can be challenging to enter the market, especially as a first-time buyer. As a ...

Purchasing a house vs apartment - which is the better investment?

31 Oct 2019

If you are considering buying your first investment property, you might be wondering what makes a better investment, a house or an apartment? The answer to that question depends on a combination of factors.
Purchasing a house vs apartment - which is the better investment?


Investing in real estate is always a wise decision. There are very good r...

Don't hesitate, buy before SA property prices rise again

25 Oct 2019

Those who have made their careers in property and have seen how confidence and prices are affected by political and economic events are

This is according to Rowan Alexander, Director of Alexander Swart Property, who says this is causing some regular property buyers and would-be homeowners to miss out on genuinely good opportunities. Alexander says th...

"Cheaper property prices" and best home loan approval rate in 12 years

24 Oct 2019

Despite weak economic fundamentals resulting in negative real house price growth, the banking industry continues to show confidence in South Africa's property market by further relaxing their lending criteria and approving home loan finance at levels last seen 12 years ago.
With favourable property prices and bank approval rates at historically high level...

SA's 'hero' suburbs

22 Oct 2019

Despite the ups and downs that have characterised the property market over the past decade and the fact that the country has been facing some serious economic challenges, property investment in the below "Hero Suburbs" have proved to be a good decision regardless.

While security estates have certainly become extremely popular, there are also still man...

How your retirement property decisions can affect your estate

18 Oct 2019

When it comes to scaling down for retirement, searching for the right home is probably the most important decision you will need to make. This of course can greatly depend on affordability and the kind of lifestyle you would like, but according to Cape Town conveyancing attorney and estate law expert, Michelle Dommisse, Director of Michelle Dommisse & Associ...

Are you ready to sell?

18 Oct 2019

Property buyers are heading back to the market according to recent property market reports, but are you ready to sell?

It is often much easier to purchase property than to sell it, especially in the current buyer's market, says Samuel Seeff, chairman of the Seeff Property Group.

Currently, sellers are faced with the frustration of a slow market...

The state of the economy

16 Oct 2019

A reality check from economists at four major banks on the state of South Africa's economy and what this means for homeowners.

Just how strong South Africa's economy is to resist potential and existing forces that stagnant the development of the country was made crystal clear when the President announced in his first weekly newsletter to the nation th...

Home buyers benefit from higher home loan approval rates and more affordable property prices

16 Oct 2019

Despite weak economic fundamentals resulting in negative real house price growth, the banking industry continues to show confidence in South Africa's property market by further relaxing their lending criteria and approving home loan finance at levels last seen 12 years ago.

Third quarter (Q3 19) statistics released by ooba, South Africa's leading home...

Real estate ends 2019 on stable footing

10 Oct 2019

The South African economy has experienced promising, positive movement in the second half of 2019 following a slowdown in markets over the past year. The encouraging market sentiment also bodes well for the country to avoid a possible debt rating downgrade when Moody's reviews the economy in November.


I am very encouraged by the tenacity of the So...

Future landscape of the property sector

08 Oct 2019

It's been somewhat of a busy couple of weeks from a property regulatory perspective. Two property Bills were signed into law: the Property Practitioners Bill of 2019 (PPB) and the Electronic Deeds Registration Systems Bill of 2019; and the Constitutional Court upheld a ruling that homes that are being built for leasing and rental purposes must be enrolled wi...

Fast internet now one of the key trends in SA property

07 Oct 2019

Fibre internet and its effect on property values has become a hot topic in the world of real estate. More and more people are shopping for more than just a safer neighbourhood - they want a quality internet connection.
With more companies offering employees the option of working remotely, fast internet has become a major drawcard for potential tenants or ...

New legislation to impact property and entertainment industries

04 Oct 2019

President Ramaphosa has signed various Bills into law that will enable property deeds to be processed electronically; enhance the ease of business in the real estate industry and brings online games, films and publications into the ambit of the Film and Publication Board.
New legislation to impact property and entertainment industries


The Presi...

4 reasons why SA buyers are choosing homes in security estates

03 Oct 2019

There are now close to 7 000 security estates scattered across South Africa - just why are buyers choosing them?

According to the MD of Westbrook lifestyle estate in Port Elizabeth, Clifford Oosthuizen, there are four basic needs homeowners tend to want when considering investing in a secure estate:

1. Safety and security top the list

Sa...

Resetting the dividend growth yardstick in listed property

02 Oct 2019

In recent years, listed property results have mostly been a time of gains and few losses. But a tough and deteriorating domestic economy has contributed to a somewhat different picture this year. Recent results across the sector pointed to a slowdown in dividend growth as the new benchmark for what has historically been termed 'good growth'.

"Today, 4...

Property outlook positive despite static interest rates

01 Oct 2019

The recent decision from the South African Reserve Bank to leave interest rates unchanged was met with disappointment from several sectors. However, the property market outlook remains positive leading up to the summer season, despite the lack of direct financial relief for bondholders.

While high CPI and hopefully temporary fuel price increases after...

Where are we with land reform?

01 Oct 2019

Agricultural economist, Wandile Sihlobo says that come April 2020, the proposed change to the Constitution to allow land expropriation without compensation (EWC) may not happen.

"My sense is that it won't be a given that the Constitution will change. We don't want a Zimbabwe or Venezuela, the realities are starting to kick in. There has already been a...

SA real estate still feeling economic pressure

26 Sep 2019

The impact of the current economic challenges in the real estate sector is becoming more apparent with rental growth in office and industrial sectors slowing in all the major cities according to the latest Q2 city snapshots released by JLL for Johannesburg, Cape Town and Durban.


"In Johannesburg, Cape Town and Durban we have seen rental growth slo...

How to spot a property scam

26 Sep 2019

The real estate industry has benefited greatly from technological advances on the one side, but on the other side it has also made it easier for scammers to prey on unsuspecting buyers, sellers, landlords, tenants and agents.


Steve van Wyk, MD of Seeff Centurion, lists the below precautions with regards to sales and rentals to minimise the risks o...

A Tale of Three Cities: Ongoing success of live-work-play nodes

19 Sep 2019

A fervent desire to reduce both monthly costs and traffic-congested travel times while residing in conveniently situated nodes has given rise to the ongoing success of the live-work-play lifestyle in South Africa. Perhaps nowhere is this more evident than in the three comparable key hubs of Rosebank in Johannesburg, Cape Town's central city and uMhlanga, a n...

How to sell in a buyer's market

19 Sep 2019

The property market has been a challenging one for sellers, here's how to navigate a buyer's market, as a seller.

Though strengthening, it is unlikely that the property market will come to favour sellers anytime within the immediate future. Most suburbs can still be described as a buyer's market where the number of homes on the market is much larger t...

Fourth industrial revolution, employment shifts drive new real estate trends

18 Sep 2019

As the economic and growth data of the country continues to paint a bleak picture, it also tells the story of employment and entrepreneurial shifts driving new trends in terms of where we live and work according to the Seeff Property Group.

The good old office out in an industrial area which requires a long commute is fast making way for more fluid wo...

Why it's crucial to have a will if you own property

18 Sep 2019

Having a will drafted is one of those burdensome administrative tasks that is easy to put off. "I'm not going to die soon," you think to yourself. And while everybody hopes this inevitable fate is in the very distant future, the reality is that you need a will - and even more so if you own assets like property.

"A property is an asset that you worked ...

3 ways to spot an up-and-coming suburb

16 Sep 2019

When it comes to maximizing returns on real estate investments, it's all about location, location, location. Knowing where (and when) to purchase can make a significant difference in the kinds of returns one can expect to generate.


Grant Gavin, real estate expert and broker/owner of RE/MAX Panache lists his top three tips on how to spot an up-and-...

Decrease in residential selling times encouraging

16 Sep 2019

Signs of an emerging turnaround in residential property activity are continuing, as the housing market in South Africa demonstrates ongoing resilience despite the challenges of a muted economy and socio-political impacts.

This is according to Dr Andrew Golding, chief executive of the Pam Golding Property group, who says that promising signs include a ...

Support programmes to assist land reform beneficiaries

13 Sep 2019

Deputy President David Mabuza says government offers support programmes for beneficiaries of land reform to ensure that they use their newly-acquired land productively.


The Deputy President said this when he responded to oral questions in the National Council of Provinces on Wednesday.

"Land must continue to contribute to the broader econom...

Here's what estate agents do to earn their commission - and other home selling costs you should know about

12 Sep 2019

While agent's commission is often one of the first cost considerations that sellers think of when it comes to selling their home, there are other costs that sellers and buyers need to keep in mind as well.

Trevor Sturgess, MD of Seeff Kibler Park, encourages his clients to look carefully at the other costs involved with selling. He said besides agent'...

How SA's property industry can avoid falling victim to cybercrime

11 Sep 2019

According to the South African Banking Risk Information Centre (Sabric) Annual Crime Statistics report for 2018, digital crime increased by 4.9% from the previous year, amounting to R2.6 million in losses for unsuspecting victims. The report lists phishing, vishing, SMiShing and e-mail hacking or business e-mail compromise as the most prominent digital fraud...

Now is the time to leverage your equity to build a property portfolio

10 Sep 2019

Having weathered nearly two full years of slow growth, it's understandable that investors may be wary of expanding their property portfolios at present. When examined as part of the typical 10-year property cycle, however, current market conditions may not be as dire as they appear. In fact, experts say now could be the ideal time to embark on new property i...

Useful advice when downscaling to a smaller property

10 Sep 2019

While "downscaling"may be the latest trend in property, it means different things to different people.

Today, an increasing number of home owners are opting to move into smaller properties earlier in life, driven by a number of factors, including convenience, lifestyle changes and security. According to Statistics SA, 61.3% of all new homes built in Q...

SAIBPP convention in Dbn 11-13 Sep: Property finance and "funding the future"

09 Sep 2019

The South African Institute of Black Property Practitioners (SAIBPP) will host its annual convention from 11 to 13 September 2019. The theme of this year's convention, which is taking place at the Durban ICC, is "Funding the Future". The convention will showcase South Africa's landscape with regard to accessing funding to participate in the property sector, ...

GDP growth good news for SA's property market

09 Sep 2019

Positive news to emerge from Statistics SA is that South Africa's Gross Domestic Product (GDP) grew 3.1% in the second quarter of 2019 (to end-June), compared to a decline of 3.1% in the first quarter.


This means that the country has avoided a technical recession, which is defined by two consecutive quarters of negative growth. Carl Coetzee, the n...

Location, location, location has never been more important than now

06 Sep 2019

As the age-old adage advises, location, location and location are the three most important aspects when it comes to property. However, in a buoyant property market it's easy to forget that this is the most important component, as even badly located properties are in demand in the good times. When times turn tough, it is the well-located properties that have ...

What you need to know about the housing market

05 Sep 2019

3 things you need to know about the housing market right now.

Many concerns have been raised following a period of slowed house price appreciation across the country. While some of these concerns are valid, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, explains that others are easily overcome if you understand certain things ...

How to pay off your home loan faster

05 Sep 2019

How to make the most of the reduction in prime lending rates and pay off your home loan quicker than you thought.

The recent Reserve Bank decision to reduce the repo rate to 6,5% per annum was well received by the majority of stakeholders in the property industry. This means that homebuyers and homeowners benefit from the reduction in prime lending ra...

5 Ways You Might Be Committing Mortgage Fraud

04 Sep 2019

When you think of mortgage fraud, you might imagine predatory lenders attempting to rip off unsuspecting homebuyers. But as a mortgage applicant, it's possible for you to commit fraud, too. In fact, it's estimated that 1 in 109 mortgage applications contains instances of fraud, according to a study by CoreLogic.

Even if you don't intend it to be malic...

How to capitalise on a lower interest rate

03 Sep 2019

With the interest rate having been lowered by 25 basis points, those paying off a bond can take advantage of this in a few ways.

On 18 July, The Monetary Policy Committee (MPC) announced that interest rates will be lowered by 25 basis points, dropping the prime lending rate to 10% and the repo rate drops to 6.5%. For homeowners who are still in the pr...

Technology an enabler in the real estate domain

03 Sep 2019

The digital era has seen computers and online tools replace the filing cabinet in the modern office. In the real estate domain, embracing technology serves to empower estate agents, effectively supporting them in their various roles in a dynamic industry, while limiting time spent undertaking administrative duties.

Intuition and experience are valuabl...

5 Ways You Might Be Committing Mortgage Fraud

02 Sep 2019

When you think of mortgage fraud, you might imagine predatory lenders attempting to rip off unsuspecting homebuyers. But as a mortgage applicant, it's possible for you to commit fraud, too. In fact, it's estimated that 1 in 109 mortgage applications contains instances of fraud, according to a study by CoreLogic.

Even if you don't intend it to be malic...

Hurray for 100% home loans

02 Sep 2019

It seems no matter whether you're talking to industry professionals in the boardroom or friends around the braai that confidence in the property market is low. We're finding that people are hesitant to commit to buying, anxious that they won't get their price if they're selling, landlords needing to forego an annual increase on rental prices, and the like, b...

3 common questions from Millennial buyers

29 Aug 2019

About 30 years ago, purchasing property was a no-brainer. However, millennials have been taught to question everything, including whether real estate is the best investment to make.

According to Regional Director and CEO of RE/MAX, Adrian Goslett, while certain things change over time, others remain the same - the investment value of property being on...

Customers paying off home loans in just over 10 years, says FNB

28 Aug 2019

26 August 2019 - While many South Africans dream of becoming homeowners, once the dream has been realised, the next big goal for home owners is to work towards being home loan free.

Although the familiar standard term for paying off your home loan is 20 years, over the years, homeowners have become more inclined to reduce the time it takes them to pay...

Property or money market: Which is the better investment?

26 Aug 2019

For some time now, house prices have grown at a rate slightly below inflation. This continued house price decline in real terms has caused investors to take stock of their options. Real estate is, and always will be, one of the highest yielding long-term investments. However, if undertaken as a short-term investment, you might as well roll a dice and hope fo...

Proptech empowering first-time female homebuyers

26 Aug 2019

According to Lightstone Property, the number of female property buyers has been steadily increasing since 2016, noticeably overtaking males and married couples.

"This is a victory, especially when one considers that, before the establishment of the Recognition of Customary Marriages Act of 1998, women in customary marriages were prohibited from owning...

4 new affordable housing developments in Philippi approved

21 Aug 2019

While, according to StatsSA, retail sales in SA have increased somewhat recently, pressure remains on consumers' discretionary income. With shopping activity predicted to remain relatively muted this year, retail stores and centres across South Africa will continue to feel the pinch.


"With consumers having become increasingly price conscious and h...

Buying property via on-line auction accelerates in SA

20 Aug 2019

Savvy property buyers in South Africa have taken to acquiring a home or commercial property through on-line auctions with great alacrity, says MC du Toit, CEO, Auctions & Sales for BidX1 South Africa.

"Sellers also appreciate the immediacy of transactions via this method, as auction properties are not sold 'subject to contract, finance or survey'. Whe...

How to capitalise on a lower interest rate

19 Aug 2019

With the interest rate having been lowered by 25 basis points, those paying off a bond can take advantage of this in a few ways.

On 18 July, The Monetary Policy Committee (MPC) announced that interest rates will be lowered by 25 basis points, dropping the prime lending rate to 10% and the repo rate drops to 6.5%. For homeowners who are still in the pr...

Ever-increasing trend towards sectional title living

14 Aug 2019

Today's fast-paced and busy lifestyle dictates that for many people, convenience is a key factor critical in decision-making when it comes to buying or renting a home.

Coupled with a trend towards smaller living spaces which enjoy reduced monthly utilities and maintenance costs, or which are better suited to a change in lifestyle, this has resulted in...

Why isn't my property selling?

14 Aug 2019

During the course of a calendar year only about 30% to 35% of the Properties that come onto the market actually get sold, says Steve van Wyk, Seeff's MD at Seeff Centurion.

Those that do sell, sell at 9% lower than the original asking price according to a recent FNB property survey.

But what are the main reasons for this? Van Wyk lists the foll...

Housing loans are cheaper, banks are keen to lend, make the most of it

13 Aug 2019

The interest rate cut has made housing loans cheaper; the banks are competing aggressively for home loan business and there is every reason for buyers to get into the property market, says Samuel Seeff, chairman of the Seeff Property Group.

It is easier to find a willing bank provided you qualify for a mortgage loan and the process is fairly straightf...

4IR, employment shifts drive new real estate trends

13 Aug 2019

As the economic and growth data of the country continues to paint a bleak picture, it also tells the story of employment and entrepreneurial shifts driving new trends in terms of where we live and work.

The good old office out in an industrial area which requires a long commute is fast making way for more fluid workspaces. People are now choosing to l...

Buying or renting? Know who pays for what

12 Aug 2019

Buyers are often shocked to find just how much they have to pay in transaction costs and just how involved the process of buying a property can be, says Dinis Martins, licensee for Seeff Somerset West.

It is a fantastic time to buy and with the interest rate drop, property is more affordable than what it has been in years. People will always buy house...

Buy-to-let sales recover steadily along coast, decline continues inland

08 Aug 2019

Buy-to-let home buying is stabilising, although at lower levels, according to the latest FNB Estate Agent Survey for the second quarter of 2019.

During the second quarter it is estimated that about 6.8% of sales were buy-to-let properties - about the same as in the first quarter, but significantly lower than the 9.7% of sales in the second quarter of ...

How to use your bond for bigger savings

08 Aug 2019

Many SA homeowners are missing out on the benefits of saving by paying an additional amount off their bond every month, says Rudi Botha, CEO of bond originator BetterBond.

"The latest Old Mutual Savings and Investment Monitor shows that only 25% of home-owners are currently paying more than the minimum bond instalment every month, while 5% occasionall...

How to spot the warning signs of 'fake buyers'

06 Aug 2019

Besides rental scams and other illicit activities, real estate agents and sellers occasionally fall victim to 'fake buyers'. These scammers make cash offers on properties they know they can't buy and then disappear without a trace in most cases.

Gerhard van der Linde, Seeff's MD in Pretoria East, says there are probably some 'fake buyers' who believe ...

Women dominate the property market

05 Aug 2019

It seems crazy to think that females, who were once excluded from the right to own property, are now the largest group of property buyers in South Africa. According to Lightstone Property statistics, roughly 72,000 residential properties were purchased by single women in South Africa last year, far surpassing the number of homes sold to men (around 62,000) a...

How to successfully maximise your returns on an investment property through renovation

02 Aug 2019

The aim of purchasing an investment property is very simple: to achieve the best possible return through rental yields in the short-term and capital growth in the long run, but astute investors always look for ways to maximise their returns and renovation can be a very effective method.
How to successfully maximise your returns on an investment property t...

FSA responds to advisory panel report on property rights

02 Aug 2019

According to Francois Wilken, President of Free State Agriculture (FSA), FSA remains opposed to expropriation without compensation (EWC) and issues surrounding it will also be discussed at the annual FSA congress, which takes place between 7 and 8 August 2019 in Bloemfontein. "We share the view that the amendment of Section 25 of the Constitution is unnecess...

How to successfully maximise your returns on an investment property through renovation

01 Aug 2019

The aim of purchasing an investment property is very simple: to achieve the best possible return through rental yields in the short-term and capital growth in the long run, but astute investors always look for ways to maximise their returns and renovation can be a very effective method.
How to successfully maximise your returns on an investment property t...

Real estate developers urged to invest in dorpies

01 Aug 2019

Tourism minister Mmamoloko Kubayi-Ngubane has called on real estate developers to invest and partner with communities to stimulate inclusive growth and development in South Africa.


Addressing the Real Estate Development Summit in Johannesburg, Kubayi-Ngubane said while South Africa is endowed with many a great landscape and diverse culture, becaus...

Advisory panel releases final land reform report

30 Jul 2019

The Presidential Expert Advisory Panel on Land Reform and Agriculture has proposed for the amendment of the Constitution that clarifies that expropriation without compensation may be necessary in limited circumstances. The recommendations, which are contained in the panel's

President Cyril Ramaphosa in September last year appointed the panel to suppo...

3 ways to spot a bad tenant

30 Jul 2019

In today's economic climate, wasting time, energy and money on a tenant that will default on payments or stop paying completely is just not an option.

And yet, in Q1 2019, almost 40% of tenancy applications were classified as either 'high risk' or 'very high risk', according to the PayProp Rental Index, a quarterly statistical analysis of the South Af...

How the interest rate decision affects you

30 Jul 2019

Commercial banks were immediately reactive following the South African Revenue Bank's (SARB) announcement on 19 July, of a repo* rate reduction of 25 basis points, by adjusting their prime interest rate by the same number of base points, to 10.%.

Isaac Matshego, Economist at Nedbank Group told Private Property that the interest rate reduction is very ...

Rate cut should've been bolder to kickstart economy, property market

25 Jul 2019

While welcoming the decision by the Monetary Policy Committee (MPC) of the Reserve Bank to cut the repo rate by 25 basis points to 6.50% (reducing the base mortgage lending rate to 10%), the bank should have been bolder and opted for a 50bps cut.


At a time when the economy and property market are really struggling, we needed courage. A bolder rate...

Property sector transformation: The road is long, but clear

25 Jul 2019

Property, and the ownership of land, is an emotive topic in South Africa. While progress towards redressing inequality in land ownership and the property sector could be far quicker, the good news is that we know where we stand, and property offers unique prospects for achieving real social change.

The aptly titled State of Transformation Report recen...

Arming estate agents with the right information to value a property correctly

24 Jul 2019

With the current trend in the residential property market favouring buyers over sellers, correct property valuation has become more of a priority for real estate agents, in their efforts to ensure a timeous sale.

"According to the April 2019 FNB Estate Agents Survey, the average time homes spent on the market has improved slightly to 15 weeks and thre...

Property finance: Are stokvels the future?

23 Jul 2019

Results from the 2019 Old Mutual Savings and Investment Monitor show that it is entirely possible that a new, parallel property finance market could be born out of the rapid rise of property stokvels. This potential for disruption is enormous considering that the size of the traditional stokvel market has grown to an estimated annual value of over R40bn.
...

How internet penetration affects the housing market

22 Jul 2019

One need only glance at news headlines and the trending topics on social media to discover that data costs are a hot topic right now. During his State of the Nation Address in June, President Cyril Ramaphosa responded to the #DataCostMustFall movement by announcing that within the month of July, communications minister Stella Ndabeni-Abrahams would provide t...

What the latest SA stats mean for the housing market

22 Jul 2019

The new General Household Survey (GHS) report just released by StatsSA has huge implications for the residential property sector, according to Rudi Botha, CEO of SA's leading bond originator BetterBond*.

"For a start, the survey found that about half of all South Africans over the age of 18 are single, either because they have never been married or be...

How "refirement" is reshaping senior housing

19 Jul 2019

People are generally living longer these days than they used to, with the result that the over-60 sector of the population is growing and the need for senior accommodation is increasing.

However "retirement" now is also a very different concept from what it used to be, says Berry Everitt, CEO of the Chas Everitt International property group. "In fact ...

Property co-ownership: Sharing requires a lot of caring

18 Jul 2019

Buying a property with your best friend may sound like a slice of happiness - you get onto the property ladder faster and for less than you thought and you have someone with whom to share the electricity bill and home maintenance tasks like mowing the lawn or painting the roof.

However, there are various practicalities to consider before signing on th...

Arming estate agents with the right information to value a property correctly

16 Jul 2019

With the current trend in the residential property market favouring buyers over sellers, correct property valuation has become more of a priority for real estate agents, in their efforts to ensure a timeous sale.

According to the April 2019 FNB Estate Agents Survey, the average time homes spent on the market has improved slightly to 15 weeks and three...

When to buy a holiday home

15 Jul 2019

Though the idea of a vacation is hard to imagine this time of year, savvy investors should seize the opportunity to find their holiday home in the peace and stillness of the off-season before the crowds arrive to drive up prices.

"After the crowds clear out, buyers can get a better idea of what the area has to offer during off-season. They are also mo...

Showstopper: How to put your property's best foot forward on show day

10 Jul 2019

In many ways show day is like your property's first date... it's the chance to make a good first impression and capture the attention of the right buyer so that things can be taken further!
Seriously though, you want to make sure the property is immediately appealing and flaunting all its best features.

Naturally price is important too, but potenti...

What every home buyer (and seller!) should know

10 Jul 2019

Buying a home is not only the largest investment most of us will ever make; we are also purchasing our haven from the world, the place in which we raise our families and create lasting memories, but there are myriad potential pitfalls and the dream can quickly sour if not navigated correctly.
What every home buyer (and seller!) should know

Even if ...

If it's all doom and gloom, why so many cranes on the skyline?

09 Jul 2019

This year's SAPOA Convention was probably the most downbeat that I've attended in my many years in the building industry. The majority of speakers gave us bad news - ranging from water scarcity problems through to concerns about the oversupply of property, the industry's talent drain and government's lack of policy certainty.


I know I wasn't the o...

Student accommodation a golden ticket for investors

09 Jul 2019

Student accommodation a golden opportunity for investors

In recent years, there has been a significant increase in purpose-built student accommodation in South Africa, yet we are still behind the curve in terms of supply versus demand, compared to developed countries. This is good news for investors wanting to get into what is deemed to be a highly pr...

10 trends shaping the African property industry

25 Jun 2019

Marking its 10th anniversary, the Africa Property Investment (API) Summit's organising committee has released its high-level white paper focusing on the 10 trends shaping the African real estate industry.

"The African Property Investment (API) Summit has been a catalyst in bringing stakeholders across the continent together," comments independent real...

56% of home buyers are single

25 Jun 2019

FNB Home Finance has revealed that the number of single applicants who bought residential property through the Bank increased from 48% to 56% between 2016 and 2018.

Over the same period, single female buyers showed significant growth, surging from 22% to 28% while single male buyers recorded a 2% increase from 27% to 29%.

FNB Home Finance Chief...

SONA debrief a property industry perspective

24 Jun 2019

"As President Ramaphosa noted, economic growth and increased employment must be the focus of government at the moment, and neither of these can occur without massive new investment in SA, so it was a relief to hear several statements that will hopefully reassure both local and foreign investors that the country is still on the right track under his leadershi...

The average age of buyers in SA's capital cities

24 Jun 2019

Knowing the age profile of recent buyers and sellers within your suburb can help you market your home effectively and increase your chances of selling fast. Luckily, most real estate professionals ought to be able to provide you with this kind of information.

While it is always best to receive suburb-specific advice and insights from a local real esta...

Why now is the time to purchase a Buy-To-Let student apartment

20 Jun 2019

The real estate agent's generic mantra that - it's always a good time to invest in property - may be particularly pertinent now as the country nestles down with a new government and optimism around creating a more attractive investment environment. Sentiment aside, there are other factors that suggest the latter half of the year may just be the right time to...

Property investment: One big property vs multiple smaller properties

18 Jun 2019

One of the questions most frequently asked of Rowan Alexander, director of Alexander Swart Property, is whether it is wiser for buy-to-let investors to invest in a single upper price level property or multiple smaller properties.


"The first point to make," says Alexander "is that anybody who simply advocates one or other of the investment channels...

Property market: Flat prices, more stock and potential rate cut ahead

18 Jun 2019

The news that the economy contracted by 3.2% in the first quarter and that the GDP growth outlook for the year has been adjusted to 1% by the Reserve Bank and Moody's is not what we had wanted to hear right now. It means that the property market will remain weighted by the economic conditions and sellers will have to wait a bit longer before prices will star...

Micro mansions, the next big thing

14 Jun 2019

With space at a premium globally, coupled with the appeal of convenient, hassle-free living, there's a desire among some upmarket home buyers for more manageable space, but without compromising on luxury and quality - and with the emphasis on lifestyle.

So says Dr Andrew Golding, chief executive of the Pam Golding Property group, who elaborates: "As s...

Gen-Z really loves property, wants to own before 30

13 Jun 2019

It's Youth Month, when SA focuses on the 38% of the population aged between 18 and 35. But there are two distinct generations of consumers represented within that cohort, and they have very different ideas about real estate.


Generation-Z, born between 1995 and about 2010, are the world's "digital natives" who have been exposed to the internet, soc...

SA's premier property exhibition is bigger and better

12 Jun 2019

As proud owners of the Property Buyer Show, Private Property aim to expand the show to include even more advice, property deals, property service providers and anything a property shopper, investor or renter may need. Private Property aims to walk buyers, renters, sellers and investors through their property journey, all under one roof. The show will be focu...

Real estate market optimistic despite negative economic growth

11 Jun 2019

A 3.2 percent decline registered for the first three months of the year, as announced by Statistics SA last week, is the largest quarterly drop in a decade. Such shrinkage is double what was anticipated by commentators who are now suggesting that the SA Reserve Bank and the National Treasury will need to readjust their 2019 GDP growth expectations from some ...

How to invest in property without costly and risky direct ownership

07 Jun 2019

When people want to invest in real estate they usually secure a loan to purchase a property - either residential or commercial. But there are other more efficient and less costly ways to invest in the property sector.
How to invest in property without costly and risky direct ownership


There are many benefits to direct real estate investment and...

Minimalism - the age of less is more

05 Jun 2019

If the 80s was defined by opulence and excess, the next decade is likely to be remembered as the era of minimalism, both in design and in lifestyle as a growing number of people choose to eliminate the clutter from their lives and focus on experiences rather than possessions.
Minimalism - the age of less is more

This doesn't necessarily mean downgr...

Can online disruptors and agents co-exist under one brand?

05 Jun 2019

Until recently, low-cost, fixed-fee online real estate services were in direct opposition to the traditional real estate model. But, is it possible to merge these two approaches under a single brand, and will more traditional real estate services adopt this approach over time?
Can online disruptors and agents co-exist under one brand?


In my opi...

Sentiment plays a big role in the property market

04 Jun 2019

Interest rates have a big influence on the residential property market but in SA, sentiment often plays an even bigger role, says Rudi Botha, CEO of BetterBond, the country's leading bond originator.

"This is evident from the huge increase (22%) in the number of offers to purchase signed and home loan applications made in the first two weeks of this m...

SA's most expensive homes are in these suburbs

04 Jun 2019

Owing to the fact that there is a much smaller pool of potential buyers who can afford these kinds of homes, luxury listings are often the trickiest to sell. If you are a buyer who is looking to make a multi-million rand investment in South African real estate, it is therefore advisable to narrow your search to the most popular suburbs for multimillionaires ...

What makes a good estate agent?

03 Jun 2019

While some members of the public might view estate agents in a negative light believing they are exceptionally well paid for a service that requires fairly limited effort and skill - "nothing could be further from the truth".
A good agent must always ensure their clients are kept in the loop, even when there is nothing new to report, and the ability to em...

Add value when renovating your home by avoiding common mistakes

30 May 2019

While it may seem a basic point, before embarking on any renovations of your home, it's advisable to research the cost of renovating versus relocating to a home more suited to your lifestyle and needs, says Pam Golding Properties. Bear in mind the cost of the actual move is coupled with transfer duty plus all the other costs associated with selling and buyin...

No interest rate cut - but still a 'great time to buy' property

29 May 2019

The Reserve Bank "should have been brave and should have cut the interest rate" to kick-start the economy, says Chairman of the Seeff Property Group, Samuel Seeff.
"Across most areas, it is an excellent time to find a good deal in the market, but it seems that buyers are not taking the opportunities,"says Seeff.

This follows the decision by the Res...

Post-election Ramaphoria sees home purchase offers rocket

28 May 2019

According to BetterBond CEO Rudi Botha, while interest rates have a big influence on the residential property market, in SA sentiment often plays an even bigger role.

"This is evident from the huge increase (22%) in the number of offers to purchase signed and home loan applications made in the first two weeks of this month compared to the first two we...

Current climate ideal for first-time home buyers, those looking to upgrade

28 May 2019

The current property climate affords home owners and first-time buyers a window of opportunity to upgrade and to get a foot in the market. The latest FNB Property Barometer clearly reveals that first-time investors have been taking advantage of the distinctly buyer's market and the willingness of banks to lend money, making up an estimated 22.7% of buyers in...

Rate cut needed to kickstart the economy

27 May 2019

The Reserve Bank should have been brave and should have cut the interest rate to kickstart the economy. Instead, the Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.75%, leaving the mortgage rate at 10.25%.

Following the conclusion of what has largely been seen as a successful election, not much has changed. There has been no real po...

Promising signs for an uptick in activity in SA's housing market

27 May 2019

As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation.


However, a reduction in the repo rate, on the back of the market-friendly election outcome, would have created stimulus for the economy and property market, as well as a confidence boos...

How tech-enabled estate agents enhance the customer experience

24 May 2019

The saying 'data is the new oil' has been cropping up with increasing frequency as industries explore the many applications of this 21st Century commodity. While the real estate industry may be a step or two behind the curve when it comes to leveraging the power of data to enhance their services, a few forward-thinking businesses have been championing the mo...

Green shoots at last in the property sector?

24 May 2019

Following the elections, there are signs of increased activity in the property market which may signal a possible upturn, says Gary Palmer, CEO, Paragon Lending Solutions.

"The first quarter of 2019 was very tough and people took some real losses after a relatively stagnant 2018," says Palmer. "Property owners have stopped waiting for the market to i...

How the huge gender pay gap in SA is limiting home affordability for single women

23 May 2019

Recent statistics from Lightstone show that single women are now buying significantly more homes in SA than married couples, and way more than single males. However, the chances are that single women would be buying even more homes, and increasing the size / price of those they that they do buy, were it not for a huge gender pay gap, says Gerhard Kotze MD of...

5 reasons why downsizing is on trend

22 May 2019

The international trend of purchasing smaller homes continues unabated and downsizing isn't necessarily only a symptom of tough economic times. Many well-heeled homeowners are choosing to downsize to smaller properties that are easier to manage. In South Africa, this trend has been confirmed by the latest FNB Estate Agents Survey. As sellers, the choice to d...

Property in South Africa a sound investment

21 May 2019

Africa offers a good environment for rising property prices, making real estate an attractive economic sector and preferred asset class for institutional and individual investors, according to Lauri E Elliott and Nissi Ekpott, authors of Grow Rich in the New Africa.

Countries with liberalised property markets are the most attractive to foreign investo...

Data is the key to a better real estate customer experience - here's why

20 May 2019

The saying "data is the new oil" has been cropping up with increasing frequency as industries explore the many applications of this 21st century commodity. While the real estate industry may be a step or two behind the curve when it comes to leveraging the power of data to enhance their services, a few forward-thinking businesses have been championing the mo...

Buyer advice: Where is just as important as what

17 May 2019

While all property values fluctuate in line with the country's overall economic conditions and with interest rate levels, some areas do consistently experience better growth over time - and generate higher returns for home owners.

And that is why buyers need to spend at least as much time deciding on the area in which to purchase property as they do t...

Election results set to boost commercial property prices, lower yields

16 May 2019

With the elections now over and the results announced, we can now start to expect more movement in the commercial property sector across South Africa. Along with decreasing property vacancy levels, the election results should yield a positive capital inflow of foreign investment and bring stability to the interest rate.

We can expect prices across the...

What to expect from the post-election property market

15 May 2019

As the excitement of the 2019 general elections begins to die down, the question on most citizens' lips is, "What happens now?" For the property market, at least, predictions are cautiously optimistic.


The property market is not out of the woods quite yet, but we are expecting a slow and steady improvement in activity and growth over the next year...

Post-Election Rebound Anticipated For SA's Residential Property Market

15 May 2019

The generally market-friendly election outcome will in all likelihood create a degree of certainty and stability and go some way towards addressing the issues currently affecting confidence in the South African economy - and as a consequence have a positive effect on the South African residential property market, says Dr Andrew Golding, chief executive of t...

Listed property funds forecast payouts will fall again in 2019 in the worst economy since 2008

14 May 2019

Listed property companies have given the weakest dividend forecasts in more than a decade as they struggle to grow rentals and fill vacancies amid weak business and consumer confidence.

The listed real estate sector's strong 10-year run, which was driven by growth in dividends, has ended.

Property funds that released financial results in the re...

Elections 2019: What it means now that all the votes have been counted

14 May 2019

Now that the General Elections have smoothly run their course and most of the speculations have abated, we expect an upswing of positive market sentiment. This increased positivity on the national and international fronts will definitely result in more qualified buyers returning to the market.

These buyers have been waiting for a good period of market...

How can estate agents earn South African consumers' trust?

13 May 2019

Gone are the days when property brokers were mostly stay-at-home moms knocking on doors to sell homes - but despite the industry now being far more sophisticated and bolstered by technology and full-time professionals, its image remains tainted, and it has become cluttered with a barrage of tacky messaging.


Yael Geffen, CEO of Lew Geffen Sotheby's...

Buyer advice: Where is just as important as what

09 May 2019

While all property values fluctuate in line with the country's overall economic conditions and with interest rate levels, some areas do consistently experience better growth over time - and generate higher returns for home owners.

And that is why buyers need to spend at least as much time deciding on the area in which to purchase property as they do t...

Raising the bar for real estate in South Africa

07 May 2019

Gone are the days when property brokers were mostly stay-at-home moms knocking on doors to sell homes; but despite the industry now being far more sophisticated and bolstered by technology and full-time professionals, its image remains tainted and it has become cluttered with a barrage of tacky messaging.

If industry players want to create the percept...

Property industry undergoing a challenging period - council chair

07 May 2019

Dr Sedise Moseneke was recently elected chair of the Property Sector Charter Council (PSCC).

He is an executive director of Vukile Property Fund, heading up Investments and Acquisitions for South Africa. He also heads up the Vukile Academy.

"I have a deep passion for an equal and fair society that looks after its people. I believe in the tripl...

Technology and the property market: Here's how it affects buyers and sellers

06 May 2019

There is almost certainly not a single industry that's unaffected by technology. We're all familiar with the major technological "disruptors" of the past decade - think Uber, Netflix and Airbnb, to name just a few. It's comes as no surprise then that technology is slowly but surely changing

We're very excited by what new innovations and technology ca...

Buyer analysis-paralysis, the elections can't come quick enough, says Samuel Seeff

06 May 2019

With just over a week to go before it is finally voting day in Elections 2019, Samuel Seeff, chairman of the Seeff Property Group says that the elections simply cannot come quick enough. It is time to get it done and dusted as quickly and efficiently as possible so that we can get back to the business of building the economy and property market.

He sa...

Why a home loan doesn't have to tie you down

03 May 2019

One of the biggest fears of the Millennial generation is being tied down to something that will get in the way of their travel plans. That's why, according to the 2017/2018 Old Mutual Millennial Survey, 37% of millennials are more likely to save money first towards travel than any of their other expenses.

However, according to Regional Director and CE...

A beginner's guide to building a property portfolio

30 Apr 2019

Continued local and international market volatility has many South Africans actively looking to create a property portfolio. Gary Palmer, CEO of Paragon Lending Solutions, looks at how to take advantage of stalling property prices and what's shaping up to be a buyers' market in order to get started.

Capital growth can't be your cornerstone
Many new...

Before you sell, know the market value of your property

29 Apr 2019

As a home owner looking to sell your home and wanting to realise the best value on your investment, the most useful starting point is to put yourself in the buyer's shoes, says Greg Brown, Director of Data Services at LexisNexis South Africa.

"Buyers are likely to compare your property to others of similar value and size in the neighbourhood. Ask your...

Do provincial election outcomes affect property market?

29 Apr 2019

Over the past six months, analysts, economists, wealth management advisors and similar professional opinions have generally expressed the same sentiment; that investors are hesitant to enter the property market, or any other platform for that matter, pending the outcome of the national and provincial elections.

With much focus on the national election...

Mixed use developments on the rise

26 Apr 2019

The rise of mixed use developments

The daily commute, from suburb to office, can take a toll on you. Living close to your office and your favourite entertainment spots makes sense, but it's not always been a feasible option in urban areas of South Africa. Nowadays, however, as mixed use developments take a prime position in the property market, it's b...

Searches, sources, show houses and sole mandates - where do house buyers come from?

25 Apr 2019

House hunting has advanced considerably over the last three years. Gone are the days where local flyer drops and property advertisements were the main source of buyers. These days, it is all about digital, from the web where buyers can find a host of properties, do digital walk-throughs and send immediate enquiries directly to agents to digital databases, bu...

Before you sell, know the market value of your property

24 Apr 2019

As a home owner looking to sell your home and wanting to realise the best value on your investment, the most useful starting point is to put yourself in the buyer's shoes, says Greg Brown, Director of Data Services at LexisNexis South Africa.
"Buyers are likely to compare your property to others of similar value and size in the neighbourhood. Ask yourself...

Tips for investing in commercial property

23 Apr 2019

Property has always been considered a good investment because whether the market falls or trends change, values will always recover again in time.


When first embarking on investment in commercial property, one should be cognisant of certain factors before making a final commitment. Before you start, however, it would be wise to look at the market ...

Why you should invest in the industrial property sector in 2019

23 Apr 2019

Industrial property's top performance is comparison to other sectors is likely to continue going forward, according to Tony Bales, industrial property expert at Epping Property, who says that the poor performance of the listed property sector during 2018 was thankfully not a function of a bad industrial property market. "For example, Equites Property Fund, a...

Why inflation impacts on your property wealth

18 Apr 2019

The residential property market has not beaten inflation in 11 years. Magnus Heystek, founder and chairman of boutique wealth management company, explains the reasons for this and offers valuable advice.

If you don't fully grasp the impact of inflation on home loan rates offered by banks, you need only look at a council bill. Notice how the rates, ref...

Property market outlook flat as we head towards May elections

18 Apr 2019

While we wait for the conclusion of the May elections and the economy to take the positive turn that we are all anticipating, it would be remiss not to continue cautioning that economic and property market recovery will take time.

The recently renewed Eskom crisis has again reminded that the economic and governance challenges are deeper than anticipat...

Why you should invest in the industrial property sector in 2019

17 Apr 2019

Industrial property's top performance is comparison to other sectors is likely to continue going forward, according to Tony Bales, industrial property expert at Epping Property, who says that the poor performance of the listed property sector during 2018 was thankfully not a function of a bad industrial property market. "For example, Equites Property Fund, a...

If your property is on the market in South Africa, look away now

16 Apr 2019

Samuel Seeff, chairman of the Seeff Property Group says that South Africa's property market recovery will take time as we wait for the conclusion and impact of the May elections on an already stagnant economy.

"The recently renewed Eskom crisis has again reminded that the economic and governance challenges are deeper than anticipated when President Ra...

House price growth still below inflation - index

15 Apr 2019

House price growth still below inflation - index

The FNB House Price Index was relatively flat at 3.8% year-on-year (y/y) in March, compared to 3.7% y/y in February, according to FNB economist Siphamandla Mkhwanazi.

This takes the first quarter nominal house price growth to 3.8% y/y, slightly softer compared to the 4.1% of the fourth quarter o...

Everything you need to know about buying your first home

12 Apr 2019

The hidden costs and endless repsonsibilies when buying your first home are enough to make your jaw drop. Here's what you need to know so you can prepare for this costly, yet rewarding investment!

Yes, you know the property mantra location, location, location. And you've found a cute home you think you can afford, in an up-and-coming 'hood. It's just ...

Technology complements rather than replaces show houses as a sales tool

11 Apr 2019

With the emergence of sophisticated electronic technology, almost all estate agents are now using advanced marketing tools such as overhead drone shots, digital cameras with 360 degree images and virtual reality video photography, allowing a potential buyer a tour of a home without actually being there.

In response to questions on whether this technol...

Predictions for foreign buyers market

11 Apr 2019

Moody's announced in its credit opinion report on Tuesday, 4 April, that South Africa's credit rating would remain stable. This decision is an incredibly positive one that ought to stimulate foreign investment within the country.

"The housing market has had several wins over the last few weeks - the first of which being the MPC's announcement to keep ...

Constitution and community schemes

10 Apr 2019

A recent ruling by the Supreme Court of Appeal (SCA) in Bloemfontein found that gated estates are entitled to draw up traffic rules for their internal roads and to regulate access - and to impose fines for breaking these rules.

The issue arose when the daughter of Mount Edgecombe Country Club Estate resident Niemesh Singh received three fines for exce...

A beginner's guide to building a property portfolio

10 Apr 2019

Continued local and international market volatility has many South Africans actively looking to create a property portfolio. Gary Palmer, CEO of Paragon Lending Solutions, looks at how to take advantage of stalling property prices and what's shaping up to be a buyers' market in order to get started.

Capital growth can't be your cornerstone
Many new...

Why you want your municipality to be financially independent

08 Apr 2019

According to Stats SA's latest Quarterly Financial Statistics of Municipalities (QFSM) covering October to December 2018 - and this applies across the country - the biggest percentage of the total R102-9-billion income earned by municipalities was 42 percent, derived from the combined service charges of electricity, water, sewage/sanitation and refuse remova...

This is what you should expect from your property agent

08 Apr 2019

Research shows that the average South African family will sell their house a number of times. For most families property is their biggest asset and only a reputable agent registered with the Estate Agents Affairs Board (EAAB) and who holds a valid Fidelity Fund Certificate (FFC) should be entrusted with the sale thereof.

Gerhard van der Linde, MD at S...

Why building plans must be updated and fully approved by the local municipality

05 Apr 2019

In order for a residential property to be sold or for a bond to be acquired, South Africa's banks are increasingly insisting that the property has up-to-date building plans which have been approved by the local municipality. Rowan Alexander, director of Alexander Swart Property, explains that to be fully compliant, the seller or the buyer has to be able to s...

Property investment: How to make your tax returns work in your favour

03 Apr 2019

Through wise investment and managed expenditure, property investors can reduce the amount of money owed to the South African Revenue Service (SARS), explains Craig Hutchison, CEO Engel & Velkers Southern Africa.


The benefit of owning an investment property, whether it be in an individual capacity, as a company or in a trust, is that all expenses a...

Office sector dominates investment growth in commercial real estate market in 2018

02 Apr 2019

According to JLL Sub-Saharan Africa's recently released 2018 Investment Review, an annual analysis of investment activity in the South African commercial real estate market, investment activity recovered notably year-on-year, with transaction activity reaching R19bn from just R11.6bn in 2017. This is partly attributed to a marked improvement in investor conf...

Should you buy property before the elections?

01 Apr 2019

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa's repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

"This is very positive news for consumers as it means no increases in home loan and car instalments or personal loan, credit card and store account repayments until at least aft...

Family houses most popular in Southern Suburbs

01 Apr 2019

Generally speaking, and having regard for the subdued market conditions, well-priced family houses are still in demand and still selling like 'hotcakes" in the school catchment areas of the Southern Suburbs.

James Lewis, MD for Seeff Southern Suburbs says that areas such as Claremont/Lynfrae, Rondebosch and Newlands have gained popularity as buyers lo...

Stable repo rate is positive for property

29 Mar 2019


With inflation currently below the mid-point of the Reserve Bank's inflation target and economic growth remaining sluggish, the Monetary Policy Committee kept the repo rate steady at 6.75%, as expected. This decision is a positive outcome for many consumers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

"With the jury ...

No rate hike a welcome relief, but likely short lived

29 Mar 2019

The decision by the Monetary Policy Committee (MPC) of the Reserve Bank to keep the repo rate unchanged at 6.75% (base home loan rate at 10.25%) is welcome news for the property market, but likely to be short-lived.


While it is unlikely to be a boost for the market, it does offer some relief for buyers and home owners who are facing pressure on th...

Rands and cents of buying low

28 Mar 2019

After something of a mini-recovery in new mortgage loans granted through 2017 to early-2018, the second half of 2018 proved to be a weak period for new mortgage lending.

However, according to the latest issue of FNB Property Insights, the fourth quarter of 2018 did show a little less weakening than the third quarter. "The March 2019 SA Reserve Bank Qu...

6 of the biggest landord headaches and what to do about them

27 Mar 2019

Rental properties can provide a healthy income stream, but they can equally provide huge headaches for landlords.

Here are six of the main problems faced by landlords:

1. Finding the right tenants. Check a renter's references and details. Make sure whoever lives in your property is suitable for the environment - a big crowd of students will not...

Looking to buy to rent? Make sure the unit ticks the boxes

25 Mar 2019

If a decision is made to buy a residential unit to rent out, it is advisable to first assess what the expectations are in terms of income or tenancy.


If you're considering buying a property as an investment, it pays to do quite a bit of research as to what rental will be achieved, which affects your return, as well as whether the price band will b...

SA REIT Best Practice Recommendations draft second edition available for comment

25 Mar 2019

Following a broad consultative process, the SA REIT Best Practice Recommendations (BPR) draft second edition is out for for public comment. All interested parties can submit their input by Friday, 3 May 2019. The process of updating this guide, which is the accepted standard for reporting key metrics consistently to make the analysis and comparison of differ...

Is small the new black in the property sector?

14 Mar 2019

With demand for smaller homes having increased in recent years, effective utilisation of space is becoming a primary factor in decision-making as many buyers considering trading down in size are used to larger homes.


"More and more people are embracing the idea of smaller, low maintenance homes that don't demand the sacrifice of all our ever-dwind...

Should you ever sell an investment property?

11 Mar 2019

There are those who believe you should never sell an investment property, especially if it's paid off, generating an income for you every month in the form of rental and increasing in value.


But times and circumstances and areas change, and properties tend to require more maintenance as they age, so it is certainly worth considering a different po...

What home buyers are looking for

11 Mar 2019

In a rapidly changing real estate environment, it's beneficial for property sellers to take note of the new products, styles and habits that are likely to catch on and cause a long-term shift in lifestyles - and the home design preferences of prospective buyers.

So says Berry Everitt, CEO of the Chas Everitt International property group, who believes ...

Why property markets slow before elections

07 Mar 2019

With the election date recently set for 8 May 2019, it is possible that activity in the property market may improve in the months to follow. It is not unheard of for the property market to reach a bit of a standstill leading up to a national election.


Owing to the uncertainty that builds around this time, many investors prefer to keep their financ...

Now might not be the best time to sell

07 Mar 2019

"Owners who are looking to sell would be well advised to use the next 6 to 18 months to focus on improving their equity position"

says Paul Stevens, CEO of Just Property.

"We expect the property market to pick up again after elections, but for the next six months the market is likely to be quiet," says Stevens. "With a nominal-growth outlo...

How to spot a profitable real estate investment

06 Mar 2019

If there's one thing I've learned in my career in property investment, it's that there are a lot of different approaches to making a profit from real estate. The traditional method takes a long-term view, and relies largely on capital appreciation, but not all of us have the time or the money to wait years before seeing a return.

My personal preferenc...

5 disruptors the commercial property market should consider during 2019

06 Mar 2019

The past year has seen a plethora of disruptors which are influencing the world of commerce, the property market included. These trends are bringing about major changes to the way business was carried out in the past. Many of these trends are technology-based, and particularly affect communications and finance.


The green revolution is exercising a...

Struggling to get a home loan? There's a new financing option

05 Mar 2019

Partnering with Sentinel Homes, South African bond originators ooba and BetterLife Group have extended their range of home financing options to better meet the needs of people who struggle to obtain home loans from banks.
The home being purchased must fall in the R500 000 to R2.5 million price range, and be a single title or sectional title home in the We...

#BudgetSpeech2019: Budget measured, but time to get the house in order

25 Feb 2019

Finance Minister Tito Mboweni's maiden budget was always going to be tough given the extent of the economic challenges, this, with particular reference to corruption and mismanagement of SOEs, not least of which the Eskom debacle, and the shrinking tax base.

That said, the budget was measured and in the best interest of the country right now. While it...

Have you got your title deed?

19 Feb 2019

Did you know that the process of obtaining original Title Deeds has changed?

While this has probably remained below the radar for many home owners, amendments to Regulation 68 47/1937 of the Deeds Registries Act which were published in January this year (2019) means that there's a longer, more onerous - and no doubt costlier route you need to follow i...

Negotiating the gap between aesthetics and profit

19 Feb 2019

Grant Gillis considers himself a hostage negotiator. A odd title for an interior designer to choose, but as he explains he is the linchpin between all the parties involved in a project.

The owner and manager of Delta Design explains that, from a design perspective, much of his role involves negotiating between the owner of the venue, on the one hand, ...

How keeping an eye on industrial rental activity can help you negotiate the best deal

15 Feb 2019

Knowing exactly what market rentals are doing is an essential part of all rental negotiations in the industrial property sector, says Tony Bales of Epping Property. Property investors need to be able to time their investments at the best stage in the rental cycle. Likewise, businesses looking to enter into a new lease must be aware of the rental cycle as one...

SA REIT sector set for re-rating

14 Feb 2019

As South Africa's real estate investment trust (SA REIT) sector heads for a re-rating, investors are optimistic of the sector rallying this year or next. Already, the FTSE/JSE SA Listed Property Index (SAPY) is out of 2019's starting blocks with its strongest January performance in 10-plus years since 2007, outperforming all other asset classes. At the end o...

Why you should buy property in SA sooner rather than later

14 Feb 2019

South Africa's residential market is in for an interesting time in 2019, but predictions for the year are all positive, and home buyers and investors who take the plunge and buy early should be well rewarded.
Adopting a 'wait and see' attitude could be an "expensive decision", as the anticipated surge in property prices after the May election could mean y...

National budget wishlist from the property experts

13 Feb 2019

With the National Budget looming on 20 February (2019), the general consensus appears to be that Finance Minister Tito Mboweni is on a tightrope of sorts. He needs to deliver a Budget, pre-election, that will source maximum revenue to alleviate a major shortfall and also restore confidence, hopefully while containing costs and irregular expenditure. On the o...

SONA bodes well for property market

13 Feb 2019

Rudi Botha, CEO of SA's leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.

Essentially, higher home ownership and the increased personal wealth that this brings is dependent on three things: investor confidence,...

Gen-Z is about to hit the property market - are we prepared?

12 Feb 2019

Every generation has its own idiosyncrasies when it comes to property, and knowing what these are can be an ace in the sleeve for existing owners and investors. The habits of Generation Y - otherwise known as millennials - are fairly well known by now. Generation Z, on the other hand, has flown largely beneath the radar.

Gen-Z is one of the biggest ge...

Why it's important to check your estate agent's credentials

11 Feb 2019

Similarly to how one might expect a doctor to display his or her degree on the wall of their office, professional real estate agents should be more than willing to provide evidence of their credentials when doing business with you. If not, you might be dealing with a non-registered estate agent.

"Did you know that if your agent doesn't have a valid Fi...

If this happens at Budget 2019, SA's luxury home sales will go up

11 Feb 2019

Ahead of State of the National Address (SONA) and Budget 2019, Samuel Seeff, chairman of the Seeff Property Group, has called on Finance Minister, Tito Mboweni, to relook transfer duty, especially at the top end of the market, as well as Capital Gains Tax (CGT).

While government had intended to boost its tax income from wealthy buyers with the introdu...

How a focus on home ownership could create jobs, boost economy

08 Feb 2019

Ten years ago, a survey by Reader's Digest revealed that 65% of South African consumers were in favour of home ownership. According to the latest statistics, nothing much has changed since then - except the size of the population.

So says Rudi Botha, CEO of BetterBond, who notes: "The latest homeowner sentiment survey conducted by Absa shows that a co...

Transfer duty, capital gains tax too high a burden for property market

08 Feb 2019

While government had intended to boost its tax income from wealthy buyers with the introduction of transfer duty and capital gains tax (CGT), it has actually had the opposite and stifling effect on the upper end of the market. The property sector is overtaxed. You've got transfer duty, agent's fees, lawyers and CGT. In some instances the transaction costs ca...

Transfer duty and Capital Gains Tax could be stifling the market

07 Feb 2019

Ahead of SONA and Budget 2019, Samuel Seeff, chairman of the Seeff Property Group, has called on the Finance Minister, to relook transfer duty, especially at the top end of the market, as well as Capital Gains Tax.

While government had intended to boost its tax income from wealthy buyers with the introduction of these, it has actually had the opposite...

Why anyone in the property game should be watching #SONA2019

07 Feb 2019

A successful property market relies heavily on a strengthened economy for investment. Investors need to believe that their money will be secure and protected, and this security is encouraged by positive policies and sustainable taxes. President Cyril Ramaphosa's address will give an indication of the direction that the economy will progress and investors wil...

Who will protect housing consumers now?

06 Feb 2019

Who will protect housing consumers now?


Consumer protection is a very important issue in a country where the majority of consumers are classed as vulnerable. Even the middle class needs protection in tough economic times, where they have to turn over every cent before spending it.

Ombuds fulfil an important role in consumer protection, and ...

Diversifying your property portfolio

05 Feb 2019

Diversification is a key wealth strategy, but what should consumers invest in? Should they hedge their rands and invest overseas? Or is it better to buy a number of properties costing under R1m?

Property should always be a part of any balanced investment portfolio. Keeping the active versus passive, cash versus geared debates aside for the purposes of...

"Shocks" in SA's property market will not be repeated in 2019

05 Feb 2019

For political and economic reasons, South Africa's property industry experienced many uncertainties and setbacks during 2018, and most estate agencies will likely look back on the year past as a tough period.
Among the factors with which the industry in 2019 will have to come to terms with are that one or two interest rate hikes are more than probable.

3 things buyers and tenants will look for in 2019

04 Feb 2019

Housing trends are forever changing. While shaggy carpets and pink porcelain bath tubs might have made a property highly sought after in the 1960s, this kind of property would be a tricky sell in 2019.
Goslett says the ever-rising cost of living and looming threat of national electrical outages provide more prudent reasons for why homes with self-sustaina...

The future of technology and real estate

01 Feb 2019

Online property portals have paved the way for disruptive solutions and cutting-technologies that are transforming the real estate industry.

Proptech is by no means a new concept, but it is also fast-evolving and, although most of us understand the gist, many are not clear about what it actually means in real terms - and to the real estate industry no...

4 experts share insights into thriving in the property investment space

01 Feb 2019

Four property industry experts recently shared their insights at Entrepreneurship To The Point, an entrepreneurship network hosted monthly by Growthpoint Properties' Property Point, to equip entrepreneurs with the ability to own equity, whether in bricks and mortar or listed property shares.

Property asset classes typically include offices, shopping c...

South Africans with lowest credit scores spend the most on rent

30 Jan 2019

Nearly two out of every five tenants in South Africa are risky. On average, 14.2% of South African tenants are classified as minimum-risk according to their credit scores, while 37.2% are classified as high-risk. PayProp head of data and analytics, Johette Smuts says that according to the PayProp Rental Index from Q3 2018, this high-risk contingent of tenant...

Unlocking property ownership for entrepreneurs is a key to building a legacy

30 Jan 2019

Four property industry experts share their insight into thriving in the property investment arena

Building a war chest for business and growing a strong personal balance sheet to build a legacy of generational wealth is a challenge that all entrepreneurs and business people face. Investing in property is an effective way of achieving this, but where d...

How to attract buyers and tenants in 2019

29 Jan 2019

A look at the property trends for real estate investors in the year ahead.

Housing trends are forever changing. While shaggy carpets and pink porcelain bath tubs might have made a property highly sought after in the 1960s, this kind of property would be a tricky sell in 2019.

"Those who want to purchase real estate in the hopes of flipping and ...

How to make your 2019 prosperous

29 Jan 2019


If you want to start getting wealthy this year, stop borrowing to pay for all the things that may make you feel rich - like fancy cocktails, designer clothes and furniture, luxury cars and overseas holidays - and start saving to buy a home of your own as soon as possible.

That's the word from Rudi Botha, CEO of BetterBond, the country's biggest mo...

Dynamic 2019 property market hinges on quality stock

28 Jan 2019

If the thousands upon thousands of words penned in recent months about general sentiment in the South African property sector could be summarised in just a single one, the winner by a country mile would be "CAUTIOUS" - in capital letters.
Dynamic 2019 property market hinges on quality stock

Industry leaders seems to be couching their words in a pac...

Is the 'sweet spot' for home buying now upon us?

25 Jan 2019

Astute investors know that the basic premise of sound investment is the timing and pricing of the item purchased. In real estate another basic consideration is location.

Wouldn't it be ideal to have transfer of a residential property you purchased occur simultaneously with a positive African National Congress (ANC) election outcome for President Cyril...

How to turn your granny flat into a money-spinner

24 Jan 2019

Does your home have a teen pad, granny flat or garden cottage? If so, you could be sitting on a great source of extra income! Garden flatlets in some areas can earn good monthly rental income. Here are tips on how to get in on the action.

Maximise accessibility and independence

One of the most common concerns we see from tenants looking at gard...

Student accommodation - a landlord's guide

24 Jan 2019

"While student accommodation does offer investors a low-risk option in terms of the possibility of prolonged vacancies," explains regional director and CEO of RE/MAX of Southern Africa Adrian Goslett, "this type of rental income does pose other risks, such as short-notice lease terminations and the possibility for neglect and damage to the property."

...

#BizTrends2019: Tech Trends and Millennials: what's in store for 2019?

23 Jan 2019

The concept of property technology - "proptech" - applies to both the target market (in our case, millennials as the main consumers of rental property) as well as businesses (the landlords renting out the properties).

In this article, I'll first talk about the tech trends in general that we're seeing, and then specifically proptech trends that are hap...

Expect more property developments in 2019

23 Jan 2019

During 2018 the South African property market was under immense pressure. We saw many agents having to reinvent their strategies in an attempt to to grow their businesses. Some were also forced to evolve as the man on the street consumes information differently. However, there were certain areas that performed well, developments being one.

Across the ...

2019 is the year for first time home buyers

22 Jan 2019

2018 was a challenging year for the South African property market, but so far 2019 is looking more positive.

Rhys Dyer, CEO of ooba, says: "Property market activity and resultant price growth continue to be hampered by political uncertainty and economic constraints. Uncertainty around impending land reforms as well as an increase in the prime lending ...

Don't be a victim of title deeds scam

21 Jan 2019

The City of Ekurhuleni has warned residents not to fall for a scam which has emerged in the area involving title deeds.
Don't be a victim of title deeds scam


"Scammers are targeting desperate people who need land and/or title deeds. In one incident, a victim was made to pay about R80,000 in a purported sale of a land belonging to the city. A fa...

"Expected hold'on interest rate hiking won't change weak SA property market"

21 Jan 2019

The SA Reserve Bank's (SARB) Monetary Policy Committee (MPC) meets from 15-17 January to decide on interest rates, with FNB predicting the repo rate will remain unchanged at 6.75%, and prime home loan lending rate at 10.25%.
Loos says while a gradual rise in inflation is anticipated, leading to a further rate hike in 2019, this is only likely to happen in...

SA's property conundrum

18 Jan 2019

It's no secret that 2018 was a difficult year for investors with most asset classes declining in value both locally and abroad. However, one asset class does stand out amongst the rest - SA's listed property sector. The listed property market experienced substantial volatility and share price decline during 2018, caused by company specific issues combined wi...

Interest Rates Unchanged

18 Jan 2019

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%.

Governor of the SA Reserve bank Lesetja Kganyago announced the benchmark rate call at a media briefing in Pretoria. He said the decision wa...

How mixed-use precincts are benefiting SA's inner cities

17 Jan 2019

Across the world, property developers are faced with the challenge of creating spaces to facilitate the trend of urban living. As more and more people desire central living, with a range of amenities and minimal travel time, property companies must meet the demand with modern spaces that offer a range of benefits.
One on Whitely, a development in Melrose ...

3 key factors that will drive SA's property market in 2019

17 Jan 2019


What will be the most important developments and trends affecting South Africa's residential property market in 2019? We can expect pressures on disposable income to impact the lower and middle price markets, while buyer caution and low consumer confidence will have a more significant impact on the upper and luxury end of the market.
The ability to ac...

Tips for co-applying for a bond with family

16 Jan 2019

15 January 2019: Individuals who cannot afford a home loan on their own should consider co-applying with a partner or family members to increase their chances of qualifying for a bond.

Mpho Ramatong, FNB Home Finance Division Channel Head for Housing Schemes, says lenders do offer consumers an opportunity to apply for a bond with two or more parties. ...

The year gone by for SA property: 5 "did you knows"

16 Jan 2019

Research and analytics group Lightstone shares some interesting conversation 'thought-starters' and 'did you knows' based on a busy year in 2018 that was full of statistical discoveries.
.
Here are Lightstone's top 5 for the property market:

1. Millennials: Hardest hit generation as first-time homeowners

Millennials - defined as individu...

SA REIT sector to focus on improved governance in 2019

15 Jan 2019

According to Wynand Smit, real estate analyst at Anchor Stockbrokers, "The performance of SA REITs in the coming year will be influenced by improving levels of confidence in the listed property sector."


The sector's positive performance prospects signal double-digit growth in returns to investors, which should be around the sector's historical ann...

#BizTrends2019: Will 2019 be the turnaround for the economy and property market?

14 Jan 2019

That is the question on everyone's lips as we look forward to dusting off the challenges of 2018 which was, by all accounts, a challenging year for the economy and property market. Overall, while it remained business as usual for the sub-R1.5m sector, there was a notable weakening in demand above the R3m to R5m price bands.

A weak economic climate, po...

The year gone by for SA property: 5 'did you knows'

14 Jan 2019

Research and analytics group Lightstone shares some interesting conversation 'thought-starters' and 'did you knows' based on a busy year in 2018 that was full of statistical discoveries.

Here are Lightstone's top 5 for the property market:

1. Millennials: Hardest hit generation as first-time homeowners

Millennials - defined as individual...

Moving house? Here are the insurance must-knows

11 Jan 2019

Moving from one home to another can be a very stressful time involving plenty of admin and heavy lifting, decisions, packing, unpacking, the list goes on.

"But there is one way to remove a little stress, and that is to make sure your goods are sufficiently insured while you are moving," says Bertus Visser, Chief Executive of Distribution at PSG Insure...

6 ways to beat the January financial blues

10 Jan 2019

Does your bank account have a holiday hangover? Here are some financial tips to help get you through Janu-worry.

No-one wants to default on their bond instalments or other account payments, but often in January and February, there just isn't enough money to go around after a big holiday splurge in December.

"SA consumers are unfortunately not v...

Estate agents, are you ready for the future?

08 Jan 2019

Technology, with its quick and constant progress, has had an immeasurable effect on the way consumers interact with service providers and sales teams. Armed with more information, more connectivity, and more autonomy than ever before, today's customer neither needs nor wants a traditional sales experience.
Modern life is nothing if not fast-paced, and cus...

5 tips to save money when moving houses this January

08 Jan 2019

January demands a lot of money for most people and moving houses in 'Januworry' is a top priority for most people, so here are some tips for saving money when moving houses

Mkhuseli Vangile, managing director at Simple Movers, provides a list of five things to do to save money when moving house on a tight budget in this month of Januworry.

...

FICA Amendment Act will further complicate property transactions

14 Dec 2018

The imminent FICA Amendment Act adds new layers to an already onerous transaction, say agents.

With the compliance deadline for the Financial Intelligence Centre (FIC) Amendment Act fast-approaching, estate agents are becoming increasingly apprehensive as they have yet to receive implementation guidance and clarity about its implications for the indus...

4 ways arms-length property valuations are shooting sellers in the foot

12 Dec 2018

Between online service providers, low-cost agencies and traditional real estate agents, sellers are spoilt for choice when it comes to getting a property valuation before they sell. For many, the relatively un-intrusive nature of a purely data-driven valuation may be an enticing option. However, arms-length appraisals often backfire when it comes to a sale.<...

2018 ending on a more positive note

12 Dec 2018

News that South Africa's GDP increased by 2.2% in Q3, with fuel prices considerably reduced and the end of the technical recession, has ended the year (2018) on a more positive note.

This has been a tough year. A troubled global backdrop, coupled with a weakened local economy and continued policy uncertainty has weighed on the rand for much of the yea...

Buy a home in these suburbs to get access to SA's top schools

11 Dec 2018

If you're hoping to move in time for your child to be enrolled before the start of the 2019 school year, your window is closing fast. Registering a sale at the Deeds Office can take anywhere around three months. But, if the admin powers at be smile in your favour and you can finalise all the paperwork in under a month, you might just make it in time before t...

The economy is ending the year on a more positive note

10 Dec 2018

News that South Africa's GDP increased by 2.2% in Q3, with fuel prices considerably reduced and the end of the technical recession, has ended the year (2018) on a more positive note, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

"This has been a tough year. A troubled global backdrop, coupled with a weakened local economy ...

Varying degrees of activity in real estate sector as markets await election outcome

07 Dec 2018

JLL has released its city reports for key markets across South Africa, drawing an outlook from developing trends in the commercial and industrial sectors in Johannesburg and Durban, and the office market in Cape Town. It also provides perspective from the South African retail market.


While the economy continued to struggle with a tough economic en...

The best school districts in SA

05 Dec 2018

Finding a property near good schools is a key consideration for buyers with children. If good schools are important to you, then you should consider buying in these areas.

If you're hoping to move in time for your child to be enrolled before the start of the 2019 school year, your window is closing fast. Registering a sale at the Deeds Office can take...

Sentiment in housing market remains optimistic despite recession

04 Dec 2018

For those looking to invest in a fixer-upper or a new build, now is the time, according to Craig Hutchison, CEO of Engel & Velkers Southern Africa.
Sentiment in housing market remains optimistic despite recession

Whilst South Africa's economy is technically in a recession, given two consecutive quarters of negative growth, there is a surprisingly o...

Is the 'For Sale' sign still a useful marketing tool?

03 Dec 2018

With over 80% of buyers now starting their property searches online, many sellers are questioning the effectiveness of the traditional 'For Sale' sign as a marketing tool.


Back in the day, this was one of only two real marketing methods available to agents, the other being placing advertisements in newspapers. However, since the advent of the digi...

Don't get burnt: Buying foreign property through an independent property specialist saves money

29 Nov 2018

With the local property market in a slump and property investments in countries like the UK and Portugal booming, now is a fantastic time to diversify your portfolio and invest in property abroad. There are new developments are springing up all over the world, ripe for investing but choosing the right property can be the difference between disaster and finan...

Property experts' reaction to interest rate hike

28 Nov 2018

The South African Reserve Bank this week increased the repo rate from 6.5% to 6.75%. The prime lending rate has increased to 10.25%.

With inflation close to the upper end of the Reserve Banks' 3%-6% target range, many economists had predicted that we might see a rate hike. While not unexpected, the hike just before the festive season puts more financi...

Interest rate hike a disappointing decision at this juncture of the year

27 Nov 2018

While many market commentators would probably have liked to be a fly on the wall during the Monetary Policy Committee's earnest deliberations this week, the final outcome is what matters, and for homeowners with mortgages and credit debt, as well as aspirant home buyers, the news of a 25bps increase was not what they wanted to hear.

With October's inf...

'Belt tightening ahead' for homeowners as interest rate goes up

27 Nov 2018

Homeowners and buyers will need to continue tightening their belts as the interest rate climbs and the economic and property market recovery takes longer than hoped.

This is the word from Stuart Manning, CEO of Seeff Property Group, following the Reserve Bank's Monetary Policy Committee (MPC) decision to hike the repo rate by 25 basis points to 6.75% ...

What the rate hike means for home owners

26 Nov 2018

For home-owners with bonds, the interest rate increase will add at least R16.60 per R100 000 borrowed to their monthly repayment, according to BetterBond.

"So, on a 20-year loan of R1m, for example, the monthly instalment will rise by at least R166 and possibly more, depending on the current interest rate that the borrower is paying," says BetterBond ...

Interest rate hike a disappointing decision at this juncture of the year

26 Nov 2018

While many market commentators would probably have liked to be a fly on the wall during the Monetary Policy Committee's earnest deliberations this week, the final outcome is what matters, and for homeowners with mortgages and credit debt, as well as aspirant home buyers, the news of a 25bps increase was not what they wanted to hear.


With October's...

Technology has revolutionised, not replaced estate agents

23 Nov 2018

The fast paced evolution of technology platforms which now provide buyers and sellers increased access to property information, and the emergence of new online platforms has forced the traditional real estate sector to re-evaluate its value proposition. This is not uncommon and we have seen it in many industries. But with the advancement of platforms where b...

The property market is in better shape than you think

22 Nov 2018

The latest statistics from BetterBond, SA's leading bond originator, provide the strongest indicator yet that the residential real estate market is in much better shape than most people think - and that the impetus is coming from the 'affordable' sector.

"It may be more difficult to achieve home sales and prices may not be rising as fast as one would ...

Brace yourself for coming interest rate hikes

21 Nov 2018

Nobody likes to hear bad news, but it is always better to be prepared than to be caught off guard. Consider this your 'extreme weather warning' as we brace for the wave of imminent interest rate hikes to reach our shores.


Thus far, the Monetary Policy Committee (MPC) has treated consumers kindly, announcing an interest rate cut in March and decidi...

Dr Andrew Golding comments on digital disruption and the role of the real estate agent

21 Nov 2018

In a world of digitisation, technological service is on offer in almost every industry. The question is, to what extent is there a digital disruption in South Africa's residential property space - and how does this change the buying, selling and renting of most people's most valued asset? So asks Dr Andrew Golding, chief executive of the Pam Golding Property...

Is the interest rate going up this week?

20 Nov 2018


Economists from Firstrand expect the interest rate to increase by 25 basis points this week. Find out the implications for the property market if this happens.

The reasons the bank expects interest rates to increase

The South African Reserve Banks's target range for CPI (Consumer Price Index) is between 3% and 6%, and while inflation in...

How tax breaks for first-time buyers could help stimulate the economy

20 Nov 2018

The state of the South African economy has been on a downward spiral that has culminated in a technical recession announced in September this year. While the South African government has no control over global market conditions, it does have the power to promote economic growth by implementing strategies to stimulate investor confidence and consumer spending...

Housing challenges and solutions for Africa's fast-growing cities

19 Nov 2018

Africa will have some of the fastest-growing cities in the world over the next 50 years. With this rapid expansion comes many challenges, including urban planning that encompasses affordable housing solutions for the growing number of urban dwellers, as well as provisions for sufficient clean water, electricity and sanitation.

Recently, Habitat for Hu...

5 reasons why coworking spaces work for entrepreneurs

15 Nov 2018

Coworking spaces are designed to be dynamic by offering functionality and flexibility and are particularly well-suited for companies and
Linda Trim, director at FutureSpace, a coworking joint venture between Investec Property and workplace specialists Giant Leap with two offices in Sandton Central, said: "As your business grows, a coworking office can be...

SA listed property suffered third consecutive quarter of negative returns

13 Nov 2018

Listed property suffered a third consecutive quarter of negative returns in 3Q2018, with the SA Listed Property Index 'SAPY'and All Property Index 'ALPI' returning -1.0% and -1.5% respectively. Despite bond yields rising, bonds (ALBI) were the best performing asset class with an 0.8% total return. Equities (ALSI) underperformed with a total return of -2.2%. ...

Pay 0.5% less on your home loan interest rate, see what you'll save

12 Nov 2018

South African home buyers need to become more aware of the advantages of being offered a lower interest rate when they are initially approved for a home loan.

This is according to Rudi Botha, CEO of BetterBond, national bond originator.

BetterBond currently accounts for 25% of all new mortgage bonds registered in the Deeds Office annually, and ...

The ins and outs of financing a property abroad

12 Nov 2018

There are plenty of hoops to jump through when investing in foreign property, but it is a wise and healthy form of wealth management, according to South African expat and co-owner of RE/MAX Malta, Elsabie van der Merwe.

"Though the process is much simpler if the buyer has the funds readily available, acquiring a home loan for foreign investments is po...

Be property savvy

09 Nov 2018

Experience is said to be the best teacher, and when it comes to buying property, this cannot be more true. Cape Town resident Nicola Williams bought her home in 2015 and knows what she will do differently when she buys her next one.

"Shortly after I bought the home, there were many electrical problems, even though there was a certificate of electrical...

The ins and outs of financing a property abroad

09 Nov 2018

There are plenty of hoops to jump through when investing in foreign property, but it is a wise and healthy form of wealth management, according to South African expat and co-owner of RE/MAX Malta, Elsabie van der Merwe.

"Though the process is much simpler if the buyer has the funds readily available, acquiring a home loan for foreign investments is po...

The market will be fine, but what about the city?

07 Nov 2018

There is currently much debate on whether the Cape Town property market, specifically the CBD, is overheated and whether the market will come tumbling down or not. With prices having climbed consistently over the last couple of years, the question is who will be able to afford the rentals that will give investors a fair yield on their investment?


...

The affordable property market is outperforming the rest

06 Nov 2018

In a recent evaluation of the total eight million South African properties,Lightstone revealed that the affordable sector (low and mid value) is by far the largest portion of the residential property market, amounting to 71,4% of the total volume of properties in South Africa.

Lightstone's affordable property market is defined as properties with a Lig...

How much a lower interest rate can save you

06 Nov 2018

Many new home buyers are unaware of the large savings they can make by securing a home loan at a lower rate from the outset.

South African home buyers need to become more aware of the advantages of being offered a lower interest rate when they are initially approved for a home loan, says Rudi Botha, CEO of BetterBond, SA's leading bond originator.
...

How to guard against the dreaded 'double commission'

05 Nov 2018

Home sellers need to take special care now not to expose themselves to the possibility of having to pay a 'double commission' when their properties are sold. Double commission claims most usually arise when sellers award open mandates, or just allow multiple agents to market their property without a formal mandate, in a misguided effort to broaden its exposu...

The main reasons South Africans are selling their homes

02 Nov 2018

The latest FNB Estate Agent Home Selling Survey has revealed the key reasons for selling property and what this tells us about the state of the South African property market.

In the FNB Estate Agent Survey respondents are asked to provide the key reasons for homeowners selling their properties.

The 8 main reasons for selling properties are:
...

home buying tips to help secure your school of choice

01 Nov 2018

When government schools open applications for 2020 in February and March next year, you may need to be living at an address in the feeder zone of your school of choice to stand the best chance of getting in. Crispin Inglis, CEO of PropertyFox, says admission to South Africa's top schools is highly competitive and having an address in the right area is not a ...

How the 'flexible floorplan' trend is changing property investment

01 Nov 2018

Living in the proverbial 'global village' places us in touch with influencers from other parts of the world, and the impact can be life-changing. This is also true for how we imagine our perfect living space to be.
The greatest desire that residents have for their homes is to have a living space that truly reflects their style and their needs, says Randfo...

The when, where and how of investing in property

31 Oct 2018

Real estate has proven over and over that it is the best investment you can make. Understanding when, where and how to invest is the key to building a strong property portfolio and becoming financially independent. Savvy investors buy properties, hold on to them, and sell them off once they have gained value. This can either be done by selling off a portion ...

Medium-term housing subsidy move: What it means

31 Oct 2018

From a real estate perspective, the big news coming out of last week's medium-term budget policy statement (MTBPS) was that R1bn of the R50bn worth of government expenditure that is being reprioritised over the next three years will be directed to housing subsidies that assist more low- and medium-income households to access affordable home loans and become ...

The difference between 'ordinary' home loans and 'building' loans

30 Oct 2018

Whether you are buying a pre-owned property or a newly-built home, the home loan you will need is what the banks call an "ordinary" loan, and in most cases you will only have about 30 days to confirm to the property seller that your loan has been approved.

It also does not matter if you are a first-time buyer or a repeat buyer, but the size of the loa...

How South African feel about property right now

30 Oct 2018

The ABSA Homeowner Sentiment measures how South Africans feel about the property market. The latest index has revealed that property market sentiment declined further in the third quarter of 2018.

Homeowner Sentiment Index (HSI) results

The overall national HSI score, which reflects the percentage of survey respondents with positive sentiment r...

Prospects for SA home buyers already looking brighter

29 Oct 2018

Ahead of the Medium-term Budget Policy speech and the SA Investment Summit this week, things are already looking up for home buyers and owners in SA thanks to a stronger rand, declining inflation and improving employment prospects.
"A steady job or profitable self-employment is a prerequisite for those applying for home loans, so it was exciting to learn ...

Has 10 years of zero growth damaged fundamental belief in property?

26 Oct 2018

Traditionally, property has always been a cornerstone of anyone's investment portfolio. But an investment demands a return. Since the financial crisis of 2008, the residential property has performed very poorly, not quite keeping up with inflation for 10 years. At 4.8% growth (against inflation at 5%) the market has, in fact, flat-lined over the longest peri...

What SA property investors need to consider in today's market

26 Oct 2018


Beleaguered in recent years, subject to the drama of political developments and weighed down by global sluggishness, the economy has played havoc with the investment potential of the property industry. However, optimists believe that this is about to change.
"Property investors necessarily take a view spanning several years, if not decades. In many wa...

Better times ahead for South African property

25 Oct 2018

Ahead of the Medium-term Budget Policy speech and the SA Investment Summit this week, things are already looking up for home buyers and owners in SA thanks to a stronger rand, declining inflation and improving employment prospects.

"This follows President Ramaphosa's national jobs summit earlier this month and his appointment of former Reserve Bank Go...

How to create the ultimate home office, optimising concentration and productivity

25 Oct 2018

Companies are increasingly implementing systems that allow employees to work from home. With major traffic congestion in nearly all the major metropoles around the country, it's become almost essential for employers to be open to this way of working, if the nature of the work allows for it. And with the proliferation of the internet, it's easier than ever to...

Prospects already looking up for SA home buyers

24 Oct 2018

Ahead of the medium-term budget policy speech and the SA Investment Summit this week, things are already looking up for home buyers and owners in SA thanks to a stronger rand, declining inflation and improving employment prospects.

This follows President Ramaphosa's national jobs summit earlier this month and his appointment of former Reserve Bank gov...

Has 10 years of zero growth damaged fundamental belief in property?

24 Oct 2018

Traditionally, property has always been a cornerstone of anyone's investment portfolio. But an investment demands a return. Since the financial crisis of 2008, the residential property has performed very poorly, not quite keeping up with inflation for 10 years. At 4.8% growth (against inflation at 5%) the market has, in fact, flat-lined over the longest peri...

7 property pricing myths that prevent sellers getting top dollar

23 Oct 2018

If you're selling a property, you've probably picked up a few tips and tricks from friends and family on how you should go about pricing it. However, many of these 'tips and tricks' are actually myths; but over time they've become real in people's minds and can get in the way of actually selling your home.

1. It's better to price my home on the high s...

Is your house an investment?

23 Oct 2018

South Africans like to consider their homes to be an investment.

But as with all investments, it is worth revisiting your assumptions from time to time.

At the moment there is a lot of debate about the prices of properties, especially residential ones.

The FNB South African House Price Index shows us that house prices have declined by 2...

Sellers, here's how to survive the buyers' market

22 Oct 2018

With the weak economic outlook persisting, we can expect the current buyer's market phase to last until well into next year, but what does this mean for buyers and sellers?

Seeff gives a few tips:

What is a seller's market?

When the economy and property market is in a positive growth phase, buyer demand for property tends to be high with...

Home loan approval rates on the increase

22 Oct 2018

The latest stats from ooba indicate that although house price growth has slowed, lower prices and easier access to credit is benefitting buyers.

Third quarter (Q3 18) statistics released by ooba, South Africa's leading home loan originator, show that year-on-year from Q3 17 to Q3 18, the growth in the Average Purchase Price effectively remained static...

Are 'real-time' estate agents still relevant?

19 Oct 2018


With more and more online real estate agencies popping up both locally and internationally, the question on everybody's lips is whether the real estate profession will "go the way of the milkman" - a profession which was rendered obsolete when supermarkets began to pop up everywhere, selling the same product for less. However, unlike milk, property is no...

Pricing a property is not an exact science

16 Oct 2018

What is the right price of a property? Is it the advertised price? Or 10% lower than advertised? Or even 20% lower? It could be any of these prices depending on various circumstances and how it's been marketed.

There is a difference between online marketing and selling and the conventional full-service offering. Online is more two dimensional, with le...

Is the supply of low income housing zero-rated or not?

16 Oct 2018

In the recent case of The Commissioner for the South African Revenue Services v Amawele Joint Venture CC (Amawele), the Supreme Court of Appeal (SCA) considered whether the three housing projects under the Emergency Assistance Programme (EAP) and the Rectification and Revitalisation Programme (RRP), undertaken by Amawele for the KwaZulu-Natal Provincial Depa...

Recession tips for landlords

15 Oct 2018

Although rental demand rises during an economic decline, rental rates come under pressure. This means that landlords will need to relook their rental price expectations.

Seeff provides a few recession tips for landlords:
However frustrating the economic climate may be, it is important to consider that it is better to fill your property at a lower r...

Four things to know before buying a heritage home

15 Oct 2018

South Africa is dotted with historic architecture, from elegant Cape Dutch manor houses to quaint Victorian cottages and Art Deco office blocks scraping the city skyline. For many of us, owning a property that forms part of this collective history would be a dream come true, but that dream brings with it certain rules and responsibilities.

"There are ...

What can we expect for SA's property market in 2019?

12 Oct 2018

South Africa has seen some shifts this year, but what can we expect for 2019?
The Hub, a development in Braynston, Sandton, will offer 120 apartments priced from R1.9 million to R3.2 million - click here to view.

"They tell us that the worst is over, but I am not convinced that is the case," says Chris Renecle, MD of Renprop, when talking about th...

Sellers, here's how to survive the buyers' market

12 Oct 2018


With the weak economic outlook persisting, we can expect the current buyer's market phase to last until well into next year, but what does this mean for buyers and sellers?

Seeff gives a few tips:

What is a seller's market?

When the economy and property market is in a positive growth phase, buyer demand for property tends to be high ...

Must-knows for the POPI Act and the real estate market

11 Oct 2018

Following the Facebook fiasco earlier this year, many are becoming increasingly paranoid about their personal information - and not without reason. Over the past few years, companies have been mining customers' personal information freely in order to optimise their marketing efforts. Personal data has effectively become the 21st century's 'diamond' Question ...

Four things to know before buying a heritage home

11 Oct 2018

South Africa is dotted with historic architecture, from elegant Cape Dutch manor houses to quaint Victorian cottages and Art Deco office blocks scraping the city skyline. For many of us, owning a property that forms part of this collective history would be a dream come true, but that dream brings with it certain rules and responsibilities.

"There are ...

Real estate now an incubator for careers and entrepreneurs

10 Oct 2018

The real Estate sector now an attractive career for young entrepreneurs to alleviate the high unemployment rate according to Ms Ronel Bornman, Seeff��s Manager for Human Resources Development.

The introduction of more stringent requirements for estate agents by the EAAB (Estate Agency Affairs Board) in 2008 was a game changer for the real estate indus...

Tyson Properties wins Most Trusted Real Estate Brand Award for 2018

10 Oct 2018

Tyson Properties wins Most Trusted Real Estate Brand Award for 2018

Global Brands Magazine has named Tyson Properties its Most Trusted Real Estate Brand for 2018 in its annual awards.

"This comes at a time when we have even bigger news - sometimes numbers speak louder than awards and, over the past financial year, we achieved 100% growth, despi...

4 disruptors that will drive SA's property market in 2019

09 Oct 2018

There are a number of disruptors that are set to shape and change the South African property market in the year ahead.
"While we think the world around us has changed, we realise how it stayed the same. The customer has always been king and will always be. As long as we know how to serve the customer best, our business will flourish," says Erasmus.

What could affect or delay an HOA Home Transfer

09 Oct 2018

When a property is sold, there is a specific list of documentation the conveyancing attorney will need in order to lodge the transfer at the Deeds Office, i.e. compliance certificates, rates clearance, bond documentation, etc.

If any item is missing or there is an error on any of the documents, there will be delays. There is no getting around this, sa...

These are the 2 major trends affecting the property market in 2018

08 Oct 2018

Across the country, security and property size are the two dominant trends evident in the property market in 2018, according to Fine & County Sub-Saharan Africa.

Linda Erasmus, CEO of Fine & County Sub-Saharan Africa, says that while each suburb will have its own unique market trends, the macro property environment reflects the general wants and needs...

What to consider before putting your property in a trust

08 Oct 2018

If you're considering putting your property in a trust, it is useful to know your trust benefits from your tax law in order to determine if this is a viable route for protecting your asset and optimising your money.

A trust is simply a legal person designed to protect and benefit - both legally and financially - the assets that have been placed in tha...

Are you a first-time buyer? Here are ways to finance your new home

05 Oct 2018

In a bid to tackle the affordable housing challenge, FNB is actively collaborating with various stakeholders to create more opportunities for first-time buyers to own their dream homes.

Consequently, there has been a significant increase in the number of new FNB home loans generated through employer-backed partnerships over the past two years.

...

2018 Q2 data shows new mortgage lending growth fading

04 Oct 2018

Second quarter 2018 SARB New Mortgage Lending data, released in the latest SARB Quarterly Bulletin, showed slower year-on-year growth in the value of new mortgage loans granted compared to the previous quarter.
New commercial mortgage loans granted slowed significantly, which appears in line with economic fundamentals, while the residential component was ...

Here's how much demand for sectional title property has grown

25 Sep 2018

A new report reveals that the number of South Africans buying freehold homes has been steadily decreasing, with buyers opting for sectional title and estate homes instead.

Increased security, affordability and the communal lifestyle are all alluring aspects when potential buyers consider sectional title properties. The quick definition of a sectional ...

Fines In Estates & Sectional Title Schemes - How Binding Are These Fines?

25 Sep 2018

In an estate or sectional title scheme, it is challenging to ensure that everyone will stick to the conduct rules and to aid this, body corporates often fine the chancers. How far can the body corporates stretch their fining, and are these fines binding? Each body corporate may choose what to impose formally in their code of conduct unless a rule is already ...

Complexities of smoking cannabis in sectional title quarters

21 Sep 2018

While this week's Constitutional Court ruling means that South Africans can now smoke marijuana in the privacy of their own homes, those living in sectional title developments should arm themselves with more information before lighting up on their balcony or cultivating cannabis among their dahlias, says specialist sectional title attorney Marina Constas.

'Communicare puts roofs over head'

21 Sep 2018

FROM the sprawling informal settlements and overcrowded backyards, it is plain to see that Cape Town has a huge housing backlog, robbing people of their dignity.

Communicare, an 80-year old non-profit social enterprise, tackles this shortfall with a small contribution of dignifying rental housing. We are the largest provider of social rentals in Cape ...

How to stay afloat in current turbulent times

20 Sep 2018

Top players in the industry give advice

For buyers and sellers transacting over the next few months, the advice from property experts is simple: This is a buyer's market, so if you don't have to sell, don't, says Herschel Jawitz, chief executive of Jawitz Properties.

Buyers must budget correctly for their bond repayments and factor in a 1% or 2...

Why agents need to adapt to changing consumer behaviour

20 Sep 2018

Consumer behaviour studies - which examine how emotions, attitudes and preferences affect buying behaviour - are clearly indicating that when it comes to success in the real estate business, relationships matter most.

Looking back to 1987, when I first set foot on the planet of real estate marketing, very few, if any, real estate businesses studied th...

Pros and cons of buying property through a legal entity

19 Sep 2018

Individuals often purchase immovable property in their personal capacity or in the name of a trust. It is however possible to purchase immovable property in the name of a legal entity, such as a closed corporation or a private company, as well.

When purchasing immovable property as a legal entity, the transfer process is no different from that of an i...

Future of real estate: Could we buy property with bitcoins?

19 Sep 2018

Although cryptocurrency has been around for quite some time now, it is still a relatively new concept in South Africa and, to a degree, quite foreign for some. The idea of no physical money and no set currency is quite daunting. There are quite a few options as an investment, but bitcoin is perhaps the most well-known.

Could we buy property with bitco...

Mind the complexities when investing in holiday rental property

18 Sep 2018

The rise in popularity of Airbnb has seen somewhat of an explosion of people investing in short-term rentals as property owners look to capitalise on what is often seen as lucrative rental income. While the income can be attractive, there are many complexities and pitfalls, says Natalie Muller, sales and rentals manager for Seeff Atlantic Seaboard and City B...

Pros and cons of buying property through a legal entity

18 Sep 2018

Individuals often purchase immovable property in their personal capacity or in the name of a trust. It is however possible to purchase immovable property in the name of a legal entity, such as a closed corporation or a private company, as well.

When purchasing immovable property as a legal entity, the transfer process is no different from that of an i...

BetterBond CEO calls for rate cut

17 Sep 2018

Rudi Botha, CEO of BetterBond, believes that while real estate and construction are among the economic sectors that are currently doing best - according to the latest GDP figures released by StatsSA - both could really do with a helping hand from the Reserve Bank in the form of an interest rate cut.

He says that although home prices and the value of b...

Higher bond numbers show banks still bullish on real estate

17 Sep 2018

There has been a 4,2% increase in the number of bond approvals over the past 12 months, despite a 2,9% decline in the number of home loan applications.

That's the word from Rudi Botha, CEO of SA's biggest bond originator BetterBond, who says: "This speaks very clearly to the increased appetite that banks have been showing for the home loans market - e...

Cloud over SA property market

14 Sep 2018

A recession and other economic pressures could make buyers even more cautious than they are already

It looks to be a tough road ahead for the country's property market, especially since South Africa has officially slipped into a technical recession.

On top of stagnant economic growth, increasing job losses and growing financial pressure for co...

Ignore 'recession' talk and buy more real estate

14 Sep 2018

SA may be in a "technical" recession, but a closer analysis of the figures released by StatsSA shows that the economy is actually heading in the right direction - and that the construction and real estate sectors are among those performing best.


Property buyers and investors should be ignoring the current negative sentiment about SA's economic fut...

Investing in holiday rental property? Here's what you need to know

13 Sep 2018

With the rise in popularity of Airbnb, many people are hoping to capitalise on the potential lucrative rental income by investing in short-term rentals. While the income can be attractive, there are many complexities and pitfalls, says Natalie Muller, sales and rentals manager for Seeff Atlantic Seaboard and City Bowl.

According to an Airbnb Report re...

Community Schemes Ombud Service: Who is guarding the guardian?

13 Sep 2018

While there has been much focus in the property media on how homeowners can save costs as the fees for basic services continue to rise, sectional title property owners had more added to their monthly levies from late 2016 in the form of an additional levy to the Community Schemes Ombud Service, which was established to regulate the conduct of parties within ...

The outlook for the South African property market

12 Sep 2018

Challenges facing the property market have resulted in a flat outlook for the rest of the year, but buyers can get a great deal in the current environment.

Like everyone else, we had hoped that the technical recession would be staved off so that we can get to the next growth phase, but these along with the many factors which influence the economy, are...

Higher bond numbers show banks still bullish on real estate

12 Sep 2018

There has been a 4,2% increase in the number of bond approvals over the past 12 months, despite a 2,9% decline in the number of home loan applications.

That's the word from Rudi Botha, CEO of SA's biggest bond originator BetterBond, who says: "This speaks very clearly to the increased appetite that banks have been showing for the home loans market - e...

How to stay afloat in current turbulent times

11 Sep 2018

Top players in the industry give advice

For buyers and sellers transacting over the next few months, the advice from property experts is simple: This is a buyer's market, so if you don't have to sell, don't, says Herschel Jawitz, chief executive of Jawitz Properties.

Buyers must budget correctly for their bond repayments and factor in a 1% or 2...

'Don't buy into the negativity'

11 Sep 2018

SA may be in a "technical" recession, but a closer analysis of the figures released by StatsSA this week shows that the economy is actually heading in the right direction - and that the construction and real estate sectors are among those performing best.

That's the word from Berry Everitt of Chas Everitt, who also says that property buyers and invest...

Foreign buyers still keen on SA property

10 Sep 2018

South Africa has historically been an attractive property buying destination for foreigners due to the great value that can be found here, and this trend is set to continue.

Spring is in the air, and with it the pleasing prospect of the annual inflow of foreign tourists to SA - and property investors' as the Northern Hemisphere winter starts to set in...

6 distractions to eliminate on show day

10 Sep 2018

It's important to put your best foot forward when it comes to selling your property. While it can be an inconvenient process, it is in the interest of all parties to enhance the experience and make it as pleasant as possible for the seller, and as appealing as possible for the buyer, advises Sharon Mattison, property consultant at Leapfrog Richards Bay.
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Marketing your home to the right buyer

07 Sep 2018

In the competitive real estate market, agents need to have an advantage when selling property. Getting in the mind of the perfect buyer and figuring out who they are and why they would want to buy a specific home is key.

"When marketing a home, one needs to try and determine the profile of the buyer for the specific property. In order to attract the r...

'Buyers have the final say on home values'

07 Sep 2018

The property market in the northern suburbs of Johannesburg is currently largely being driven by the price that buyers are prepared to pay for a property.

This is the view of Debbie Justus-Ferns, manager of Renprop Residential Resales, who points out that, as has been said many times in recent years, properties that are well-priced sell within a reaso...

SA banks keen to lend you money to buy a home

06 Sep 2018

There has been a 4.2% increase in the number of bond approvals over the past 12 months, despite a 2.9% decline in the number of home loan applications.

"This speaks very clearly to the increased appetite that banks have been showing for the home loans market - especially in the R500 000 to R1 million price category, which currently accounts for 42.5% ...

The flexible workspace revolution and what it mean for landlords

05 Sep 2018

The growing trend of flexible working, and with-it flexible workspace, has gained a lot of recent coverage globally.
Image source: Annie Spratt on
Image source: Annie Spratt on Unsplash
In 2017, JLL released a report saying 30% of corporate real estate would comprise flexible workspace by 2030. That���s three in every ten buildings. In the same year...

The rental market: Buying not on cards for Gen Z

04 Sep 2018

A key is a traditional 21st birthday gift which symbolises a young adult's independence, and often their stepping away from the home of mom and dad.

But now adults under the age of 25 are opting to stay put under their parents' roof. Latest stats show Generation Z is taking longer than their millennial counterparts to start renting or buying their own...

Downscaling drives almost 40% of home sales

04 Sep 2018

Almost 40% of people selling property in South Africa are doing so to downscale, either because they are ageing or to save money, according to the latest stats.

In some cases, southern suburbs residents in Cape Town are "downscaling" to bigger but cheaper properties in the northern suburbs which offer better value.

Statistics from FNB's propert...

Why property show days are still relevant

03 Sep 2018

It's spring, which is traditionally one of the best home sales periods of the year and a great time for sellers to list and start showing their properties off to potential buyers.

However, given the excellent quality of photos and videos of homes for sale that can be displayed online these days, there are many agents who believe that traditional show ...

How to increase the value of your home without overcapitalising

03 Sep 2018

Homeowners who are intent on renovating and / or extending their homes should take care to apply their minds to the process - and not their hearts. With the market coming out of a long quiet spell, many have opted to renovate rather than change homes.

If there is a chance that you might sell in the next seven years, the tripwire in the home upgrade pr...

Homes need layers of security

31 Aug 2018

Security features like burglar bars, alarms, gates and beams are all sold as property must-haves, but how essential are they really? And which brands should one choose?

Some are superior to others, so Peter Kruger, district manager at Fidelity ADT, says homeowners and tenants should ask questions and make the best decisions based on their budgets.
...

How to get out of fines issued by your HOA

30 Aug 2018

Upon checking your mailbox, you're surprised to find a white envelope with the signature of your Body Corporate and your name just below it. Contained therein is bold red typeface notifying you of a R500 fine for exceeding the 35 km/hour speed limit within the estate.

After the wave of panic that follows getting caught red handed has abated, a new sen...

Land issue hits affordable housing

30 Aug 2018

The expropriation of land without compensation debate has resulted in a significant slump in demand for affordable housing, with many aspirant homeowners believing they would be getting homes for free.

Tom Gillham, the chief executive of E Home Loans, a specialist affordable housing mortgage originator that is part of the BetterBond, said yesterday th...

Impact of fuel cost on housing demand, house price

29 Aug 2018

Escalating fuel costs, coupled with rising traffic congestion, is playing an increasing role in where consumers will buy or rent a home in SA. Ultimately, this also impacts on housing demand and price.

"The ongoing increase in the fuel price is contributing to the way we live and work," says Dr Andrew Golding, chief executive of the Pam Golding Prope...

Transfer date and occupation date important when buying or selling

29 Aug 2018

When a home is sold the ideal is for the new owner to move in on the transfer/registration date. However, this is not always possible for a whole variety of reasons.

The seller may need to stay on in the home for some time (usually a matter of a few days but sometimes longer) while the new buyer may need to move in before the property is transferred i...

Home makeovers, the market and mistakes to avoid

28 Aug 2018

When it comes to home renovations a widely held assumption is that any improvement or alteration to a property immediately adds significant value to the potential selling price.

As with most assumptions, this one about the value of property renovations needs to be looked at more carefully before a definitive conclusion can be reached.

The first...

Who needs a principal?

28 Aug 2018

A recent article I read on trust accounts got me thinking about other impediments to entry and advancement within the property industry. While abounding in opportunities for individuals, our industry is riddled with inconsistencies.

To name a few...

* A principal can be involved in more than one agency, spreading the business risk and incom...

Cessation of temporary letting of residential property by developers

27 Aug 2018

SARS released a Binding General Ruling on 25 July 2018 on the temporary letting of residential dwellings by developers, principally to provide clarity of the cessation of section 18B of the Value Added Tax Act, 1991.

When a property developer constructs residential dwellings for resale, the VAT incurred on the development cost may be deducted. In turn...

Single women buying more homes than single men

24 Aug 2018

Women today are more empowered, celebrated and financially independent than in the past, and data reveals that female buyers of property have been steadily increasing.

It was not so long ago that women did not have equal rights, nor were they allowed any ownership of property or other entities. Luckily, the picture is much different and today women ar...

What tax benefits are property owners entitled to?

23 Aug 2018


It is that time of year again where all income from property investments must be declared to SARS and is subject to income tax, this includes all rental income. Here's what you need to know.

In preparation for tax season, taxpayers can start gathering all the supporting documents that are needed to submit their tax returns. The first important poi...

How 'dominant agent syndrome' poses a threat to sales values in an area

23 Aug 2018

No business sector dominated by a single manufacturer or supplier can possibly serve the best interests of the consumer - and real estate is no different. When a single agent becomes the overwhelmingly dominant sales force in a suburb, homeowners should sit up and take notice - because it poses a threat to sales values in the area.

I call it "dominant...

Sometimes a property sale is subject to VAT

22 Aug 2018

When buying a property, the usual process is that transfer duty is payable by the buyer on the property, but if the property is registered in the name of a company it will be subject to VAT instead.

Transfer duty is the usual tax levied on the sale of immovable property and VAT is levied on the supply of goods and services by a VAT vendor. Transfer du...

Property co-ownership: The good, the bad and the letter of the law

22 Aug 2018

As with any business transaction, it is important to carefully consider the advantages and potential drawbacks of property co-ownership.

The co-owners should also come to a transparent agreement (in writing!), says Bruce Swain of the Leapfrog Property Group.

The good

The benefits of property co-ownership is somewhat obvious. You're only ...

Property ownership is a powerful way for women to attain financial independence

21 Aug 2018

Property ownership among South African women is on the rise. An FNB report published in June showed single women now make up an estimated 10.3% of South African buyers' while single male buyers top out at 7%. Online estate agent PropertyFox says 55% of its clients are women. Not all are buying on their own, but all are taking the lead during the buying or se...

Why renting your apartment furnished is the way to go

21 Aug 2018

South Africa is experiencing growing demand for furnished properties, with top-end investors seeking to attract corporate tenants.

In fact, in some areas demand for furnished apartments is higher than that for unfurnished living. This, say the experts, is putting pressure on rentals achieved on unfurnished flats as more short-term lets start entering ...

How digitalisation is impacting the listed property sector

20 Aug 2018

The worldwide structural trend of consumers increasingly choosing to shop online instead of at their local mall will have implications for the South African listed real estate sector and for investors who hold this sector in their investment portfolio.

Online stores offer a convenient and safe shopping experience with better choice than is available a...

How to improve your chances of qualifying for a home loan

17 Aug 2018


Most often, consumers rely on real estate agents or third parties to assist them with home loan applications. This results in them not fully understanding what banks consider when approving or declining an application.

Mpho Ramatong, FNB Home Loans Division Channel Head, says first time home buyers can significantly improve their chances of qualif...

How rising fuel costs are affecting the housing market

17 Aug 2018

Ongoing, escalating fuel costs' with yet another hike on the cards for September (2018) - coupled with rising traffic congestion in South Africa's cities, is playing an increasing role in the locations selected where consumers will buy or rent a home. Ultimately, this also impacts on housing demand and price.

"The ongoing increase in the fuel price i...

7 tips for renovating your rental

16 Aug 2018

Almost all rental agreements stipulate that any amendments to the structure of the property is strictly prohibited. Many tenants, however, find this frustrating because even if you don't own the property, it's certainly still your home and understandable that you want to make it look and feel like yours.

Luckily there are a number of alternations and ...

How to improve your chances of qualifying for a home loan

15 Aug 2018


Most often, consumers rely on real estate agents or third parties to assist them with home loan applications. This results in them not fully understanding what banks consider when approving or declining an application.

Mpho Ramatong, FNB Home Loans Division Channel Head, says first time home buyers can significantly improve their chances of qualif...

SA houses valued at R5.3 trillion

14 Aug 2018

Gauteng, the country's smallest province, accommodates most of South Africa's homes while the geographically biggest province - the Northern Cape - is home to the fewest.

This big divide amongst the provinces, particularly relating to value and volume, is according to an analysis of residential property throughout the country by Lightstone.

The...

SA's global property rights ranking slumps 15 places

14 Aug 2018

South Africa has slumped 15 places to 37th in the latest global property rights rankings, the largest drop by any country.

The country was ranked 22nd globally and first in Africa last year in the International Property Rights Index compiled by the Washington-based Property Rights Alliance (PRA), which was released in partnership with the Free Market ...

Upper-income house price growth slows

13 Aug 2018

House price growth in the luxury and upper-income areas slowed further in the second quarter, but accelerated in the three middle- to lower-end house price segments, with average prices under R1 million, according to FNB.

The low-income area house price segment, which includes houses with an average price of R362 579, was the strongest performer in te...

How new legislation will affect SA's property industry

10 Aug 2018


A new set of Bills expected to be passed by Parliament this year will fundamentally impact South Africa's R6 trillion property industry, seeking to give the public greater avenues for recourse, set stricter guidelines for estate agents and provide for improved transparency.
"These pieces of legislation will all have significant impact on the real esta...

Property market sentiment declining

08 Aug 2018

Positive sentiment around the South African residential property market dropped for the second consecutive quarter, according to ABSA's Homeowner Sentiment Index (HSI).

The Index measures the sentiments of a sample of urban consumers with regards to various aspects of the residential property market.

Positivity around the property market declin...

Land debate 'spooks foreign sales'

07 Aug 2018

The land restitution and expropriation of property without compensation debate has dented sales to foreigners for the R450 million redevelopment phase of the Cape Quarter in Cape Town by listed Tower Property Fund.

The Tower Property Fund's residential development at 32 Napier Street in Cape Town.

Chief executive Marc Edwards said this week tha...

FNB: property prices to decline further

07 Aug 2018

The average house price growth is likely to be slower than anticipated for this calendar year, with FNB forecasting another year of decline in house prices after taking in account the impact of inflation.

FNB is forecasting an average house price growth of 3.5 percent on the basis of house price data available for the first seven months of the year.

The ABC of buying a second property

06 Aug 2018

Property is almost always an appealing investment and an accessible way for most South Africans to build wealth over time. Property is a transparent investment, as information about market trends and performance is easily accessible.

As such, a second property is potentially a great way to earn passive income, but be sure to take these factors and ris...

What kind of property your money buys in other countries

06 Aug 2018

South Africans considering emigration as a means to fulfil, improve or change their lives will more than likely also dream of one day settling down in a home they own in their new country.

And while they may feel home ownership will be achieved more easily out of South Africa, and away from high private medical aid and education costs, they will proba...

Controversial '72 hour clause' becoming more common

03 Aug 2018

The use of the '72 hour clause' has become more common as property buyers are less likely to meet all their buying conditions.

When applying for bonds, people are increasingly found to have credit lapses or court judgements against them and in nine cases out of ten these nullify their chances of getting the loan they need.

"The 72 hour clause i...

Don't let a relative keep you on a string

03 Aug 2018

Home owners who decide to sell often get expressions of interest from friends or family members, but they shouldn't let these distract them from their marketing plans.

"In our experience it is only very seldom that a relative or friend will follow up and become a genuine buyer. And if they do, the personal relationship can make it very awkward for the...

How selling and moving overseas affects the conveyancing process

02 Aug 2018

Whether you are selling or buying property in South Africa while living or working abroad, it is noteworthy to know that your property transactions can be concluded.

Contracts of sale can be signed, scanned and sent back to the conveyancers or agents from anywhere in the world, however, from a conveyancing point of view, the signing of conveyancing do...

How to deal with illegal tenant activity

02 Aug 2018

According to a study conducted in 2012 by Anti Drug Alliance South Africa, 5.8% of their 57,809 national respondents reported using drugs on a daily basis, with ecstasy and cocaine being the most popular drugs next to marijuana.

While most news stories paint a very scary reality about the prevalence of drug abuse in South Africa, the truth is that the...

How to buy to let successfully

01 Aug 2018

Buying to let is a great investment strategy. In theory, someone else will be paying your bond while you own the asset, generating an income for years to come. The risks are lower than other investments, keeping pace with inflation due to rental escalation. It feels like a win-win situation - but you have to invest smartly.

Start by researching the ma...

Positive about property: Here's why you don't need to panic

01 Aug 2018

If one were to believe everything you read, or take to heart everything the analytics and reports suggest, you may end up feeling rather gloomy, particularly pertaining to the performance of the property market over the past few months.

Recently the FNB Property Barometer reported that the second quarter of 2018 was a rather bleak one for the property...

Is higher density in prime residential areas a good thing?

31 Jul 2018

For the past 15 years there has been a gradual but consistent increase in residential density in the central and fringe areas of Sandton and Rosebank. And it has come about to the dismay of many long-standing homeowners in and around those areas who feel threatened. But the dismay could well be ill-founded.

Why? It has been proved time and time again ...

Residential property sellers compete for limited pool in a buyer's market

27 Jul 2018

South Africa has definitely moved from a 'glass half empty to more of a glass half full scenario', but in terms of the residential market and property prices, the level of liquidity has remained the same.

That's the word from real estate agency boss, Herschel Jawitz, CEO of Jawitz Properties

"Only when supply and demand are more evenly matched ...

5 questions to ask before becoming a property investor

26 Jul 2018

No ever asks "why" when someone says they would like to invest in property. It is generally accepted as a good investment and that property will always go up in value.
5 questions to ask before becoming a property investor

For the most part, this is true - even property recovering from a recession will almost always enjoy a peak in value higher tha...

Pop-up party venues leading to lawlessness in complexes, says group

25 Jul 2018

Increasing acts of lawlessness are allegedly emerging in residential complexes in Cape Town, where short-term guests are apparently bringing sex workers into flats they rent for a few days or having pop-up parties which drive longterm residents crazy.

So charges Louisa Theart, chairperson of the One Host One Home (OHOH) civic organisation. "In many c...

Estate agents see increase in illegal sub-letting

25 Jul 2018

Some tenants rent multiple properties then let rooms in each to families and make cash

The desire to make a quick buck is leading to an increase in illegal sub-letting, in which tenants rent rooms in their homes to other parties and pocket the difference in rent. Some tenants also illegally sublet to others to help them pay the rent.
Even though re...

Fewer homeowners are upgrading their homes

24 Jul 2018

A new report reveals that although homeowners are still maintaining their homes, fewer of them are spending money on home improvements and upgrades.

The FNB Estate Agent Survey recorded a weakening in agent perceptions of overall home maintenance and upgrade levels in the 1st half of 2018. However, this was largely due to a perceived decline in the le...

Young buyers are spending more on homes

24 Jul 2018


Consumers in the upper income groups may be scaling down and buying less expensive homes, but those in the lower income groups continue to pay more for their properties, according to the latest statistics* from BetterBond, SA's biggest bond originator.

The figures show, says CEO Rudi Botha, that the average home purchase price paid has declined ov...

Buying or selling property abroad? Why documentation authentication matters

23 Jul 2018

At some point while buying or selling property overseas, one is bound to go through some frustration due to certain documentation being rejected as it has not been properly authenticated.

Although technology helps in many cases to get documents back and forth, there is still a need to present physical proof of identity or ownership, as this prevents (...

Repo rate remains at 6.5%

23 Jul 2018

The Reserve Bank's Monetary Policy Committee (MPC) yesterday announced that the repo rate would continue at 6.5% and the base home loan rate at 10%.

The decision to keep interest rates unchanged at a time when a drop could have provided consumers with some much-needed relief was a cautious move by the MPC, who believes that inflation rate is still too...

Flat repo rate welcomed amidst slow economy and property market

20 Jul 2018

We have welcomed the decision by the Reserve Bank's Monetary Policy Committee (MPC) to retain the repo rate at the current level of 6.50% (base home loan rate of 10%).
Flat repo rate welcomed amidst slow economy and property market

The decision was largely anticipated by the market given the better than expected consumer inflation figure of 4.6% fo...

Has technology truly diminished the value of estate agents?

20 Jul 2018

"Given the rise in technology, the value offering of real estate agents has fallen - as reflected in their compensation."

This point was made to me last week in a response to my column on diminished agent earnings on LinkedIn. It was preceded by a story I had seen in The Guardian, one of the UK's major newspapers, which made this point: "A new generat...

External factors turn optimism to caution

19 Jul 2018

The downhill slide to the end of 2018 could be more an uphill struggle for the country's property market, with external factors leaving it facing a bleak outlook.

South Africa's slow economy and rising living costs chiselled away at the optimism felt at the start of the year, leaving the 'Ramaphoria' effect now pretty much non-existent.

Added ...

Is it better to restore or repair a heritage home?

19 Jul 2018

It's no secret that old homes have a very special kind of character that is difficult to replicate in modern spaces. From Cape Dutch to mid-century modern or even 70s-kitsch, a well-preserved period property has the potential to achieve record-breaking sales figures in the right market.

To fulfil this potential, many owners of heritage or period prope...

Consumers need to understand how PoPI will impact property transactions. Here's why

18 Jul 2018

South Africa's main data protection law PoPI, enacted in 2013, will soon take effect once a date has been determined. Certain provisions of the Act relating to the establishment of the Information Regulator and regulations under POPI have, however, come into force.
Consumers need to understand how PoPI will impact property transactions. Here's why

...

A landlord's guide to following up on late payments

18 Jul 2018

When you've screened a tenant thoroughly and built a clause into the rental agreement that stipulated that any late payments would accrue interest payable on the following month's rent you would imagine that everything should be in order.

However, what do you do when your tenant is still late on his/her payments?

"The reality is that every land...

Check rules, finances and levies when buying Sectional Title

17 Jul 2018

If you are thinking of buying into an apartment building or other Sectional Title (ST) complex, it's vital that you read and understand the Conduct Rules of that particular complex before you sign any offer to purchase.

"These rules are not standard for every complex," says Gerhard Kotze, MD of the RealNet estate agency group. "In terms of the Section...

It's time to disrupt the real estate status quo

17 Jul 2018

For too long, South African real estate agents have been stuck in the past, delivering the same kind of service the same kind of way that they have for the last fifty years. The time to disrupt this status quo is now.

Our industry - a multi-billion-rand industry - is failing to communicate our value by sticking to old, traditional, and expensive ways ...

A landlord's guide to following up on late payments

13 Jul 2018

You've screened the tenant thoroughly and their credit check returned a glowing review. You even built a clause into the rental agreement that stipulated that any late payments would accrue interest payable on the following month's rent. And yet, your tenant is still late on his/her payments. What is a landlord to do about this?

The reality is that ev...

Should you sell in a down market, or wait it out?

13 Jul 2018

With the Ramahoria-effect waning fast, it is clear that it has not had the desired and anticipated effect on the economy and property market.

Analysts and the banks have recently downgraded their outlook for the year ahead with the property market expected to remain flat and possibly weaken further as the year progresses. Amidst the slowdown in demand...

Should you sell your property now or wait?

12 Jul 2018

Should you sell your property now or wait?


The positive sentiment after the election of President Cyril Ramaphosa - the so-called Ramaphoria - seems to be waning and not to have had the desired and anticipated effect on the economy and property market, according to Stuart Manning, CEO for the Seeff Property Group.

Analysts and the banks ha...

Consumer pressure hits property market

12 Jul 2018

Landlords, tenants and homeowners have not been left unscathed in the wake of petrol price increases, a stagnant economy and impending municipal rate hikes.

While consumers are nowhere near defaulting on debt, including mortgages, as they did in 2009, things are getting tougher, say analysts.

The petrol price increase this week has added to the...

How to protect and grow your home equity

11 Jul 2018

One of the smartest things that homeowners can do in these days of uncertain investment markets is to build up the equity they have in their properties - or at least stop any existing equity from "leaking".

Home equity is simply the difference between what a buyer would be prepared to pay for your home today (its market value) and the amount still out...

Township micro-developers thrive in affordable market

10 Jul 2018

A new generation of property entrepreneurs is emerging in Cape Town's townships. They have seen a gap in the property market for low-cost rental accommodation, and have seized the opportunity by building solid bricks-and-mortar developments offering affordable micro-units.

Developments can include up to 10 units, are often double-storey, and vary in s...

Factor in all costs when buying or selling property

10 Jul 2018

When it comes to property transactions, whether a person is a buyer or seller, there are many expenses involved, and it's best to be fully prepared beforehand, so that there are no "surprises" that cannot be covered, says Nelio Mendes, SAProperty.com's marketing manager.

There are the typical costs when buying a home, the buyer would expect to pay tra...

Rental property management: Why investors need to think beyond the box

09 Jul 2018

Capital growth has been the saving grace of the buy-to-let sector for the past few years, with some areas in Cape Town and Johannesburg having shown property value increases of well over 50% since 2013, and investors need to do more to protect it.

So says Andrew Schaefer, MD of property management company Trafalgar, who notes: "As the financial pressu...

Check rules, finances and levies when buying Sectional Title

09 Jul 2018

If you are thinking of buying into an apartment building or other Sectional Title (ST) complex, it's vital that you read and understand the Conduct Rules of that particular complex before you sign any offer to purchase.

"These rules are not standard for every complex," says Gerhard Kotze, MD of the RealNet estate agency group. "In terms of the Section...

Prospective property owners hit by rising prices and tariffs

06 Jul 2018

Factors such as the weaker rand, rocketing fuel prices and the steep electricity and municipal tariff increases could delay many families' hopes of becoming homeowners, especially if they start borrowing more to make ends meet.

This is according to Rudi Botha, chief executive of bond originator BetterBond.

Botha said South African households ha...

What property owners need to know about electricity and insurance

06 Jul 2018

Homeowners are at risk of having their insurance claims rejected if it is found that they are not in possession of a valid Electrical Certificate of Compliance (ECOC) for their property.

This is according to Marike van Niekerk, Legal and Compliance Manager at MUA Insurance Acceptances, who says that insurers expect their policyholders to prove that th...

Property valuations: Determining market-related property prices

05 Jul 2018

In light of the upcoming City of Cape Town General Valuation in July, sellers should get professional assistance to value homes and understand what factors determine property values.

A general valuation has the potential to have far-reaching consequences for property owners. More often than not, property values are lowered. The City of Cape Town's pen...

Property pricing calls for reality check

05 Jul 2018

Property pricing has been a much discussed topic in Cape Town in recent months as the stagnating market and price growth declines have seen more properties for sale than buyers.

The length of time properties are on the market has increased significantly, asking prices are being dropped, and although online activity remains strong, far fewer prospectiv...

How to determine a property's value

04 Jul 2018

When deciding on a price at which to list a property for sale, Pam Golding Properties says the following points should be kept in mind:

What you paid for your home has nothing to do with its present value.

The value of the property should increase roughly by the suburb average growth rate per annum.

The value agents put on your property ...

Demystifying 6 of SA's property market risks

04 Jul 2018

As key players within the residential property markets, commercial banks have become expert in managing the associated risks of being exposed to the mortgage market.

1. Household debt service risk,
2. Household sector savings risk,
3. Disposable income windfall risk,
4. Residential property speculative, over-exuberance and panic risk,
5. H...

Pick the right property to start building your investment portfolio

03 Jul 2018

Investing in property is an option many South Africans consider as it offers an excellent extra source of income. Over time the rental income from the property increases while the balance of the mortgage decreases. By the time the investor is ready to retire, if not sooner, the bond is paid and he/she has the option to continue to collect the income (monthly...

Property pricing calls for reality check

03 Jul 2018

Property pricing has been a much discussed topic in Cape Town in recent months as the stagnating market and price growth declines have seen more properties for sale than buyers.

The length of time properties are on the market has increased significantly, asking prices are being dropped, and although online activity remains strong, far fewer prospectiv...

Buying or renting - which is best?

02 Jul 2018

There are many pros and cons when it comes to deciding whether it's best to buy or to rent a home.

"It often pays to evaluate your full lifestyle and finances carefully, as you might find that one option is wholly better than another," says Nelio Mendes, marketing manager at SAProperty.com.

For example, you could argue that owning a home is inv...

Get your offer accepted

02 Jul 2018

Buying a home is often an emotional decision, which starts with a feeling of wanting to own something yourself.

When you look for a property, it will be the one you feel most at home in that you will put in an offer on, sometimes forgetting to do a fair bit of practical legwork beforehand regarding property ownership.

"When putting in an offer ...

It's not all doom and gloom for SA's property market

29 Jun 2018

As South Africans reel from the news of a 2.2% GDP decline in the first quarter of 2018, property experts remain optimistic about forecasts for the remainder of the year. The property market, which has been experiencing some lethargy since early 2017, is not predicted to see any dramatic repercussions as a result of the recent economic bombshell.
It's not...

Tenants in lowest and highest brackets under pressure

28 Jun 2018

The percentage of residential tenants in good standing deteriorated to 82.3 percent in the first quarter of this year from 83.35 percent in the fourth quarter of last year, according to credit bureau TPN.

But Michelle Dickens, the managing director of TPN, refuted reports earlier this month that one in four tenants in South Africa did not fulfil their...

Laws clear about tenants' rights

28 Jun 2018

What happens to a tenant when a property is sold and what rights does a tenant have to cancel a standing lease or enforce it?

In typical situations, the lease has precedence over the sale and the clause "huur gaat voor koop" is in force. This means the tenant has a right to remain for the full duration of that lease, says Sunell Afrika, rentals manage...

Realistic pricing remains key in Southern Suburbs rental market

27 Jun 2018

Slowing semigration and the reluctance of landlords to adjust their price expectations, especially in the higher price bands which continue to be subdued by a growing stock surplus, are some of the factors which contributed to the steady decline of the Southern Suburbs rental market in 2017.
Realistic pricing remains key in Southern Suburbs rental marketL...

Municipal valuations - is your property priced right?

27 Jun 2018

2018 is a valuation year for the City of Cape Town which will be updating its General Valuations roll to ensure property rates are adjusted in proportion to property values. With progress on reappraisals already underway, new valuations are expected to be made available for public comment early next year and will come into effect on 1 July 2019.

For p...

Programmes in place to return land to tenants, farm dwellers

26 Jun 2018

Deputy President David Mabuza says government is implementing programmes aimed at returning land to labour tenants and farm dwellers.
Programmes in place to return land to tenants, farm dwellers

ANC MP from the Eastern Cape, Zukiswa Ncitha, had asked the Deputy President what progress had been made in using existing programmes like Operation Phakis...

Properties stay on market for longer

25 Jun 2018

The average time that homes remain on the market before being sold has increased significantly, pointing to a renewed weakness in the housing market in terms of demand relative to supply.

The latest FNB estate agent survey revealed that the average time a home remained on the market before being sold increased to 16 weeks and four days in the second q...

Top schools raise property price tag in 'hoods'

25 Jun 2018

Homes near the country's good and popular schools are increasingly being sought by property buyers, regardless of whether or not such schools have zoning policies.

Although most provinces no longer implement school zoning policies, schools sometimes give preference to pupils living close by, making admission periods even more stressful for parents.

Now's an opportune time to get onto the property ladder. Here's why

21 Jun 2018

First-time buyers with funds at their disposal are currently well-placed to gain an initial foothold on the property ladder. Particularly in the light of interest rates remaining at historic lows, banks continuing to compete for mortgage finance business, and the slightly lower growth rates currently experienced in residential property values.

tive of...

It's not all doom and gloom for SA's property market

20 Jun 2018

As South Africans reel from the news of a 2.2% GDP decline in the first quarter of 2018, property experts remain optimistic about forecasts for the remainder of the year. The property market, which has been experiencing some lethargy since early 2017, is not predicted to see any dramatic repercussions as a result of the recent economic bombshell.

Prop...

Municipal performance hurting property and finance sectors

20 Jun 2018

Delays in municipal building clearance and rates clearance certificates are impacting more than just the building industry.

Bridging finance and other lenders are experiencing added complications and delays as developers and individuals continue to be frustrated by red tape and ineffective municipal systems.

"We have heard from a number of clie...

Here's why tourism is so important to the real estate sector

19 Jun 2018

According to Gerhard Kotz MD of estate agency group RealNet, there are two main reasons why the tourism industry is so important to the real estate sector. "The first being the jobs that tourism creates directly, and the rising number of people that are thus enabled to become tenants, home buyers and property investors," he explains.

According to the ...

Is higher density in residential areas a good thing?

19 Jun 2018


As more people flock to urban areas, densification becomes a natural and unavoidable occurrence. Is it a good thing for property, or bad? Ronald Ennik, CEO of Ennik Estates shares his views on the subject.

For the past 15 years there has been a gradual, but consistent, increase in residential density in the central and fringe areas of Sandton and ...

Higher fuel prices, lower GDP and traffic will change home-buying in SA

18 Jun 2018

The combination of the fuel price hike and the sharp decline in SA's economic growth rate during the first quarter is going to increase urbanisation and intensify the demand for homes close to work, shops and schools.
Many consumers who already live in urban areas are now looking to reduce their transport costs by moving or buying a new home that is close...

Private sector can help with affordable housing

15 Jun 2018

The demand for affordable housing is, in the mind of Brett Herron, the City of Cape Town's mayoral committee member for transport and urban development, "one of the biggest challenges Cape Town is facing at the moment", and within the affordable housing range, is the gap market.

There are about 352 000 people registered on the city's housing database,...

What happens to a tenant when a property is sold?

15 Jun 2018

When a property is sold when it has a tenant in occupation, the questions often raised are: "What happens to the tenant if the landlord sells the property?", and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.

In typical situations the lease has precedence o...

Help for property buyers in Gap market

14 Jun 2018

Buyers in the so-called gap market earn too little to qualify for home loans from commercial banks, but too much to qualify for the government's free basic housing scheme or RDP housing.

This means buyers in this market have little chance of owning their own homes - despite being permanently employed with regular incomes.

According to the Depar...

More and more SA women investing in the property market

14 Jun 2018

According to a report by FNB, women in property are catching up to men in all aspects of home ownership, including investment. Figures show single women making up an estimated 10.3% of buyers' while single male buyers top out at 7.0%. Whether through being employed in more managerial positions or owning their own businesses, South African women are making us...

Lightstone figures show properties with best price growth

13 Jun 2018

If you are considering buying a home based on current rates of price growth, your best bet would be to buy a home on the coast or one that costs less than R250 000.

The latest figures from Lightstone show the price inflation of homes in these categories are far outpacing the rest.

Lightstone's Residential Property Index also shows national hous...

Pets in sectional title schemes a thorny issue

13 Jun 2018

Trying to keep your pet in a sectional title property when there are rules imposed by homeowners' association trustees against this, is a problem often resolved only in court.

If trustees have followed due and reasonable process, and still withdrawn consent to keep a pet, the owner has to find a new home for their pet, says attorneys Heyns and Partner...

Paying attention to the wants and needs of generational buyers

12 Jun 2018

The property market is viewed differently across generations - from millennials to empty nesters. They require agents to adopt a bespoke approach to meet their requirements as each generation has specific needs and trends. "With market needs being so diverse, it is important for agents to offer good options to clients," says Mike Greeff, CEO of Greeff Christ...

What type of home affluent tenants prefer

12 Jun 2018

Although only about 7% of tenants in SA currently rent for more than R15,000 a month, this percentage is growing according to statistics. Around 2% already rent for more than R25,000 a month. Berry Everitt, CEO of the Chas Everitt International property group says that the actual number of high-end households for landlords to target is around 280,000 and ris...

What you need to know about co-ownership of property

08 Jun 2018


Co-owning a home is a good way of getting onto the property ladder, but the terms of the arrangement need to be property set out and documented beforehand.

With fewer couples nowadays getting married but choosing rather to co-habit, or friends choosing to share as they cannot afford something on their own, comes the trend of co-owning property. Co...

How the tough economy could change home buying patterns

08 Jun 2018


The combination of this week's fuel price hike and the sharp decline in SA's economic growth rate during the first quarter is going to increase urbanisation and intensify the demand for homes close to work, shops and schools.

That's the word from Rudi Botha, CEO of BetterBond, SA's biggest bond originator, who says that with agriculture and mining...

Southern Suburbs apartment rental rates decline by 36%

06 Jun 2018

Cape Town's Southern Suburbs rental market has softened notably over the last few months and average rental rates have declined by up to 36%.

While many landlords have taken note of the market deterioration and have adjusted their rentals downwards so as to avoid rising vacancies, others are still unaware of the market shift.

"We are still find...

House rules for keeping pets

06 Jun 2018

It is important to know the legal requirements of pet ownership in your city before you bring a pet into your home.

"According to the Animal Protection Act of 1962, anyone who does not obey the regulations set out by the Act and its by-laws may receive a penalty of up to a fine of R4,000, and could even face imprisonment for a period of twelve months,...

Tall walls bad for security

04 Jun 2018

One mid-morning in March 2016, two house breakers lifted Tarryn Venter's* automated gate off its rails, removed a burglar bar, climbed through a window and left a few minutes later with a laptop and cellphone.

Even though her street is fairly busy and municipal employees were at work in the public park across the road, no one saw a thing.

This ...

Slight increase in residential vacancies

04 Jun 2018

The national residential rental property vacancies increased marginally in the first quarter of the year, compared to the previous quarter, with the sub-R3 000-a-month rental category experiencing the largest increase in vacancies.

The latest residential rental quarterly vacancy survey report by the TPN credit bureau revealed that vacancies increased ...

Buying your childhood home? Don't skip the tough stuff

01 Jun 2018

As the trend towards multigenerational living gains ground, young adults are now not only moving back in with their parents but increasingly, buying the homes they grew up in from their parents', with the intention of also raising their own families there.

"This is consistent with the fact that many first-time buyers are now in their mid-30s and seein...

'Trustees vital for success'

31 May 2018

While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility.

A competent board of trustees is the secret of all successful schemes, so says Chinelle Hewitt, operations manager at sectional title finance company Propell. Only people willing to act in the interest of all members...

'Laws supposed to take the risk out of rentals'

31 May 2018

Property owners providing rented accommodation in the formal housing market are losing as much as R870 million a month in non-payment of rent, with many failing to implement or comply with the country's "complex raft of laws".

It is this inability to comply with these laws that Deon Botha, chief executive of rental collection company RentMaster, belie...

3 critical questions to ask before buying a sectional title property

30 May 2018

Since 2001, sectional title properties in South Africa have, on average, consistently outperformed their full title counterparts. Add to this their significant lifestyle benefits and it's no wonder they've become such desirable investment opportunities - but not all developments are equal when it comes to value and growth potential.

Solid research is ...

Flat interest rate expected for remainder of year

28 May 2018


The decision by the Monetary Policy Committee of the SA Reserve Bank to keep the repo rate unchanged at the current level of 6,50% (base home loan rate of 10%) was largely expected by the market according to the Seeff Property Group.

The group said that given the still sluggish economy and pressure on the CPI due to rising costs and some renewed v...

Why megaprojects to deliver houses in South Africa might not work

25 May 2018

In 2014, the South African government announced a new direction in housing policy.

The aim was to phase out smaller low cost housing projects of a few hundred units and focus exclusively on megaprojects - new settlements made of multitudes of housing units combined with a host of social amenities.

Given the uneven access to housing that resulte...

African buyers are investing in South African property

24 May 2018


While the number of international buyers in residential property in South Africa remains relatively low, at somewhere in the region of three percent nationally, investors from elsewhere on the continent - including returning expats - retain their appetite for the acquisition of South African real estate for a variety of reasons.

These include coun...

SAPOA, Property Sector Charter Council to continue partnership on transformation

24 May 2018

The South African Property Owners Association (SAPOA) will continue to fund the Property Sector Charter Council (PSCC) to the tune of around R250,000 a year for an additional three-year period.

The intention of this ongoing strategic partnership is to collaborate in fostering a common goal and vision in addressing the issue of and promoting transforma...

'Prepare for property valuation knock-on effects'

23 May 2018

As Johannesburg and Buffalo City residents deal with the aftershocks of their property valuation hikes, Cape Town residents are urged to prepare for their re-appraisals which will hit next year.

Earlier this year, Johannesburg residents voiced their outrage over property valuation increases, some of whom had seen values increase between 60 and 500%.

Community retail centres tick all the boxes - here's why

23 May 2018

While some big retail centres are experiencing a reduction in rentals, turn-over and profits in these tough economic times, resulting in a subsequent loss of tenants, growing vacancies and further reductions in profits, many community retail centres have not experienced the same.

Convenience and location for shoppers

"Neighbourhood retail centr...

'Prepare for property valuation knock-on effects'

22 May 2018

As Johannesburg and Buffalo City residents deal with the aftershocks of their property valuation hikes, Cape Town residents are urged to prepare for their re-appraisals which will hit next year.

Earlier this year, Johannesburg residents voiced their outrage over property valuation increases, some of whom had seen values increase between 60 and 500%.

More high-net-worth South Africans turning to offshore property investment

22 May 2018

In order to mitigate the risk of fluctuations in domestic markets and to diversify their wealth portfolios, more and more of South Africa's high-net-worth individuals (HNWIs) are looking to invest in offshore property.

"This increase is expected to be fuelled by larger allocations to foreign property, foreign cash, and foreign equities," says George R...

Court prohibits new conveyancing model

21 May 2018

A company that deals with the day to day administration of property transfers, while the conveyancer attorneys perform the legal side of transfers, lost its bid for the court to give its blessing in this regard.

"Until the model is implemented, the court cannot postulate whether bond attorneys will be willing to co-operate with a third party who is no...

Downtown living also appealing to seniors

21 May 2018

The decision whether to rent or buy is more commonly thought of as a dilemma for young professionals establishing their households, not those approaching retirement.

But whether it's a financially savvy decision or simply the only solution when they can't find a suitable place to buy, some baby boomers are choosing to rent an apartment closer to the c...

Banks more willing to lend a positive sign for home buyers and sellers

18 May 2018

Banks are showing an increased appetite to lend, according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa's leading home loan originator.
"Banks are increasingly willing to lend the full value of a property without requiring a deposit," says Dyer, and this trend can already be seen in ooba's quarterly statistics.

Is the Airbnb model a true threat to the traditional rental industry?

17 May 2018

While many were at first sceptical when Airbnb first launched in 2008, sentiment quickly swayed after the company announced that it had generated R2.4bn in economic activity in South Africa in 2016, transforming it into a widely used platform for those looking to make some extra cash.
Is the Airbnb model a true threat to the traditional rental industry?

Home financing sector seems to be looking up

17 May 2018

While the general cost of living is on the rise, so are bond approval statistics, says Mark Hendricks, regional manager for Rawson Finance.
Home financing sector seems to be looking up

"For the last year or so, there's been a definite trend towards a more relaxed approach to property finance from the banks," says Hendricks. "They've been offering m...

Traditional vs online estate agencies - consumers will vote with their feet

16 May 2018

The establishment of a number of new, low-commission, purely online estate agencies raises the question whether there is an ongoing role and need for traditional agents.

Does the agency add value?

He says in the final analysis, it really boils down to whether the agent or agency can add value to a real estate transaction and offer a satisfactor...

Deadline for submissions on land expropriation without compensation extended

16 May 2018

The Joint Constitutional Review Committee has extended the deadline for written submissions on land expropriation without compensation to
The committee further resolved to conduct its public hearings from 26 June 2018 to 6 August 2018 in all provinces around the country.

Provinces with a larger rural area will have four days set aside for the hear...

Con artists phish property transactions

15 May 2018

Confidential email communication between conveyancing attorneys and property buyers is increasingly being intercepted by "sophisticated" fraudsters who monitor purchasing transactions, and then divert money paid for homes into their own bank accounts.

The rate at which this criminal activity is occurring is so high that the Attorneys Indemnity Insuran...

Lower demand for tourist accommodation

15 May 2018

Hotels, guest houses and guest farms have been the worst performing accommodation types from September 2017 to February 2018, new figures from StatsSA have revealed.

Caravan parks and camping sites are now outperforming them, recording bigger income and visitor number increases each year.

In February this year, guest houses and guest farms reco...

Banks lose veto over sectional title sales

14 May 2018

Sectional Title trustees and Home Owners' Association directors around SA are breathing a sigh of relief at a change in legislation that will make it easier for them to recover arrear levies from defaulting owners.

This change, made in terms of the Rules Board for Courts of Law Act of 1985, is set out in Rule 46A of the Uniform Rules of Court, and qui...

Who is responsible for sectional title repairs - owner or body corporate?

11 May 2018

Owners in sectional title schemes often think that the body corporate is automatically responsible to repair damage to their section if the damage is the result of some failure of the common property.

The basic maintenance and repair responsibilities are set out in the Sectional Titles Schemes Management Act "the Act" in Section 3, Functions of the bo...

Property outlook improves, but still all about the buyers

11 May 2018

Although the economy and property market is showing improvement, it is still all about the buyers as we wait for the positive sentiment to translate into a meaningful increase in sales and prices.

While sentiment is on the up and up, consumers have had to absorb the effects of VAT and other indirect tax increases, recent petrol price hikes and land re...

How technology can help tackle the housing backlog

10 May 2018


Developers using conventional building methods are struggling to keep pace with demand for new homes, but innovative new techniques could catapult the industry into the 21st century.

In recent years the property development and construction industries have been criticised for being slow to respond to the demand for a different kind of residential ...

Still a buyer's market, despite improved property outlook

10 May 2018


Although the economy and property market is showing improvement, it is still all about the buyers as we wait for the positive sentiment to translate into a meaningful increase in sales and prices, says Samuel Seeff, chairman of the Seeff Property Group.

While sentiment is on the up and up, consumers have had to absorb the effects of VAT and other ...

How to object to property valuations after deadline

08 May 2018

It often happens that property owners miss the deadline for objection to incorrect details on a property roll. If municipal staff advise you that there is nothing you can do after the fact to fix the problem, they are wrong. Here are the steps that a property owner can take to compel the municipality to investigate and correct an error on a valuation roll ou...

Fraud, an increasingly prevalent threat in real estate industry

08 May 2018

A proliferation of brazen fraudsters are increasingly using sophisticated scams to not only fleece buyers and sellers, but also property practitioners.
Fraud, an increasingly prevalent threat in real estate industryStrident technological advances and the convenience of instant access to information and electronic communication have made our lives easier i...

Property continues to be a prime target for global investors

04 May 2018


The appetite for property continues to thrive globally as equity markets may be making high net worth investors nervous. There was a staggering 56% increase in property investment in 2017, according to Knight Frank's 2018 Wealth Report.

The results of the Wealth Report Attitudes Survey highlights that in spite of stock markets reaching record high...

Why you should consider a home inspector before you buy

04 May 2018

Cape Town -You can prevent your dream home from becoming a nightmare for your wallet by opting for a house inspection before concluding a purchase, according to John Graham, CEO of building inspection company House Check.

Speaking at a recent property show held in Cape Town, Graham highlighted to potential home buyers what defects they should look out...

A generation that does not need parking

30 Apr 2018

Could parking lots become obsolete?

It's an international trend and while South Africa lags behind, the cards are already on the table to have bays repurposed in the future.

Neil Gardner, chief executive of Gardner Property Solutions, an experienced developer instrumental in bringing micro units to South Africa, says, for instance, parking bays...

Home loan approvals up

30 Apr 2018

The level of financial stress in the residential property market has declined significantly and has possibly been a major factor in the improvement in home loan approval rates to their highest level since the implementation of the National Credit Act.

FNB reported last week the estimated percentage of homeowners downscaling due to financial pressure d...

Consumers warned against use of fake NHBRC logo

26 Apr 2018

The National Home Builders Registration Council (NHBRC) has warned unsuspecting housing consumers against the fraudulent use of its logo in a letter allegedly sent out by Cosmopolitan Projects about guarantees on their completed homes.

"The letter, which has an NHBRC logo, distorts the benefits that consumers are entitled to - once construction of the...

Islamic banking offers alternative form of mortgage loan for everyone

24 Apr 2018

Islamic banking offers an alternative to people wanting to buy property, and anyone can use it, regardless of religion or ethnicity.

Traditionally, property finance is essentially the granting of a loan to a client so they can buy a property. This loan must be repaid with interest over the term of the loan arrangement, says Amman Muhammad, chief execu...

Tax hikes and expropriation debate dampens property market

24 Apr 2018

The indirect tax hikes announced in this year's Budget and the proposed expropriation of land without compensation have depressed confidence in the residential property market in the first quarter of this year.

Absa's latest homeowner sentiment index released yesterday revealed that confidence in the residential property market declined to 75 percent ...

7 online scams to be aware of

23 Apr 2018


The advent of the internet has seen online scams become more prevalent for many individuals in recent years. Rodel Bridging Finance gives us some tips on what to look out for.

According to The Attorneys' Insurance Indemnity Fund (AIIF), Cybercrime is defined as "Any criminal or other offence that is facilitated by or involves the use of electronic...

Should I apply for a 100% bond?

23 Apr 2018


Many buyers are rushing to enter the property market in order to take advantage of low interest rates, but don't have a deposit saved up. Should these buyers apply for a 100% bond, or wait?

The recent interest rate cut has stoked the coals in the first-time buyer's market. At least for the next two months until the next interest rate announcement,...

How long it takes to sell a house in South Africa currently

19 Apr 2018


Research from FNB has revealed that the average time homes spent on the market decreased in the first three months of this year. This is an encouraging sign that the market is starting to strengthen.

Time on market decreases

FNB takes the view that the market is in equilibrium when the average time on market is around 12 weeks. Up until the...

No need to panic over land expropriation without compensation

19 Apr 2018


Land expropriation has been the cause of much confusion and panic in the market, with many choosing to sensationalise the issue instead of looking at it objectively.

We continue seeing sensational reports on the question of land expropriation without compensation and especially those around land grabs which seem to be rearing its head in various a...

Fewer buyers, but banks grant more home loans

17 Apr 2018

There has been a 4% increase in the number of home loans granted over the past 12 months, even though the number of home loan applications has fallen off by a similar percentage.

"This increase is partly due to the fact that many home buyers are financially better prepared than they were a year ago," says Rudi Botha of BetterBond, "but also a result o...

Realistic pricing leads to faster home sales

16 Apr 2018

Property asking price realism has improved nationally in the first quarter of this year.

FNB reports that the average time homes remained on the market had shortened noticeably to 14 weeks and one day in the first quarter, from 17 weeks and two days in the previous quarter.

John Loos, a household and property sector strategist at FNB, said the ...

Emigration-related property sales 7.4% of market

16 Apr 2018

The improved political and economic sentiment in South Africa has so far failed to result in a decline in emigration-related home selling.

FNB this week said the estimated rate of emigration-related home selling was virtually unchanged at 7.4 percent in the first quarter following a prior multi-year rising trend that started in 2014 and left it "somew...

Five tips for millennial first-time landlords

13 Apr 2018

There are certain times in life when you want to settle down and others when you know it is time to move on - to a different job, a different town, or a different home that better suits your current needs.

And according to recent research, many millennial homeowners in their 30s are now reaching the stage where they are ready to sell their first home ...

Realistic pricing leads to faster home sales

13 Apr 2018

Property asking price realism has improved nationally in the first quarter of this year.

FNB reports that the average time homes remained on the market had shortened noticeably to 14 weeks and one day in the first quarter, from 17 weeks and two days in the previous quarter.

John Loos, a household and property sector strategist at FNB, said the ...

Five reasons property makes a great retirement investment

12 Apr 2018

One of the biggest challenges facing South Africans at present is how to adequately prepare for retirement in our volatile and unpredictable economy. As a result, many people are opting for more flexible investments that adapt to the ebbs and flows of the economy in order to future-proof their finances.

One of the more popular of these options is buy-...

Tenants cry foul over lease fees charged by estate agents

11 Apr 2018



The Estate Agency Affairs Board will investigate the fairness of the practice among rental agents of charging tenants lease fees, Bongani Mlangeni, the board's communications manager, says.

The charging of lease fees, also referred to as administration fees, is widespread. A total of 66% of agents surveyed by property credit bureau TPN charge ...

Home buyers benefit as banks compete for home loans

09 Apr 2018

According to Rudi Botha, CEO of BetterBond, banks are competing for new home loan business at the moment and prudent home buyers are benefitting. BetterBond statistics show that the average approved bond size in South Africa is currently 6.05% higher than it was 12 months ago, even though the average house price has only risen 2.85% in the same period.

House price growth slows despite improved sentiment

05 Apr 2018

South African national house price growth appears to be bucking recent trends indicating an improvement in national sentiment, with a sharp slowdown in the Western Cape partly blamed for it.

FNB revealed yesterday that year-on-year house price growth declined to a mere 2.6 percent in the first quarter from 5 percent in the fourth quarter of last year....

Estate agency doyenne Pam Golding has died

05 Apr 2018

Property mogul Pam Golding passed away at the age of 90 on Tuesday.

She was the founder of Pam Golding Property Group.

Golding died peacefully at her home in Wittebomen in Constantia, Cape Town, according to a statement from the Golding family.

Golding began her property empire in 1976, a time when the real estate industry was described ...

Rate cut a further boost for market sentiment

04 Apr 2018

The recent announcement of an interest rate cut of 25bps, coupled with Moody's decision to not only leave South Africa's credit rating unchanged at one notch above junk status, but to also upgrade the outlook from negative to stable, are positive factors which should provide welcome stimulus for the residential property market.

These announcements are...

Repo rate cut welcome boost for property market

03 Apr 2018

The decision by the Monetary Policy Committee of the SA Reserve Bank to cut the repo rate by 25bps from 6.75% to 6,50%, taking the base home loan rate from 10.25% to 10%, is a welcome boost for the economy and property market.

"This will provide much needed stimulation for the market and, after a very flat 2017, will hopefully be an energy boost to en...

What the rate cuts mean for property owners and buyers

03 Apr 2018

The Reserve Bank decided on Wednesday to cut its repo rate by 25 basis points to 6,5% and the prime rate and home loan "base" rate from 10,25% to 10%.

This move will translate, for existing homeowners, into a saving of R151 a month on a 20-year loan of R912 000 - the current average approved bond size, according to Rudi Botha, CEO of BetterBond.

Should you trust your real estate agent's market predictions?

29 Mar 2018

Predicting the future in any industry is a complicated affair, but this is particularly true in real estate, says Schalk van der Merwe, franchisee for the Rawson Properties Helderberg Group.

"As real estate agents, we often get asked questions like 'How is the market doing?', "Is now a good time to buy or sell?" and "I read this prediction, what do yo...

How to negotiate a fair rental increase

28 Mar 2018

Annual rental increases are an unfortunate fact of life for tenants, and a vital tool for landlords when it comes to covering expenses and protecting their investment.

Getting both parties to agree on a reasonable annual rental escalation isn't always the easiest conversation to have, but according to Jacqui Savage, National Rentals Business Developme...

When a landlord should start an eviction process

27 Mar 2018

What happens when the tenant cannot afford to pay the rent anymore but refuses to move out?

"We find that some landlords are too lenient, giving their tenants chance upon chance to rectify situations. Tenants can make many empty promises, which results in a big rental loss."

"The best is to remember that this a business transaction, leave emoti...

Increased space, affordable rates drawing people away from city centres: report

26 Mar 2018

According to the PropertyFox second annual Virtual Realty report, people are moving further away from city centres to enjoy increased space at potentially more affordable rates. In compiling the report, the online estate agency used social media metrics to identify the most hashtagged hoods and corresponding property trends.

Tapping into the social co...

1% matters - how the VAT increase affects property sales

26 Mar 2018

The power of one: a phrase that has been quoted in many a cliched motivational poster, but one whose power has never quite been fully grasped - until now. The 1% VAT increase which is set to take effect as of 1 April 2018 has set the country alight with many burning questions, most of which cannot be comprehensively answered by our knowledgeable friend Googl...

Why a rental inspection report is important for both landlords and tenants

23 Mar 2018

The best way to avoid any conflict or dispute between landlords and tenants when it comes to the move in/move out inspection is to have a thorough inspection report done when moving in, renewing or renegotiating a lease, and when moving out, says Natalie Muller, head of rentals at Jawitz Properties in the Western Cape and Gauteng.

A good inspection re...

What to do when struggling with home loan repayments

20 Mar 2018

Every buyer goes through a "honeymoon" period when their monthly mortgage bond repayment seems a small price to pay for the pleasures of homeownership.

But the romance can sour rapidly if that instalment becomes a burden. "And the problem is not going to go away by itself," says Rudi Botha, chief executive of bond originator BetterBond. "You need to a...

'Let taxman help pay for home office'

20 Mar 2018

SA homeowners will be paying higher taxes of all sorts this year, from VAT and fuel levies to the new municipal property rates just announced in many cities and metros, but self-employed individuals and employees who often work from home may be able to claw some of that back from the taxman.

"These days," says Gerhard Kotze MD at RealNet Properties, "...

'Agents must adapt to the on-demand environment'

16 Mar 2018

Estate agents and rental property managers who don't adopt technology in their businesses will be replaced.

This is the year in which the property industry will have to adapt to cater for the new "on-demand" environment.

This is the matter-of-fact view of Entregral Technologies' Adriaan Grove, who addressed the PayProp PropTech event in Cape To...

Cut your taxes when you work from home

15 Mar 2018

SA homeowners will be paying higher taxes of all sorts this year, from VAT and fuel levies to the new municipal property rates just announced in many cities and metros, but self-employed individuals and employees who often work from home may be able to claw some of that back from the taxman.

"These days," says Gerhard Kotze MD at RealNet Properties, "...

'Sell for more and buy for less'

15 Mar 2018

We are at the start of 2018, and the new spirit of confidence in the country is already being reflected in the property market, with increased sales and more people looking to move to bigger and better homes.

Even in Cape Town, experiencing a dire water crisis, the demand for property remains high.

The increase in property sales is being seen a...

Public warned against unregistered home building company

14 Mar 2018

The National Home Builders Registration Council (NHBRC) has warned the public not to conduct business with Modulus Civils and Construction, which is conducting its business in and around Tshwane, Gauteng.
Public warned against unregistered home building company

According to NHBRC, Modulus Civils and Construction is fraudulently carrying on the busi...

Should your first home be an investment property?

13 Mar 2018


There's a big difference between an investment property and a primary residence. As the names suggest, the one makes you money while the other gives you a roof over your head. As a rule, primary properties don't make you money, because any profit you make on a sale is generally put back into the next property you buy. An investment property, however, mak...

When your dream home turns into a real-life nightmare

13 Mar 2018

When Angile recently bought her first property, she encountered a number of pitfalls that very few property buyers are prepared for. Here is her story and how you can avoid encountering the same issues.

The estate agent put her under significant pressure to submit an offer, saying that there were many other potential buyers waiting to submit offers. A...

No need to panic about land expropriation proposals

12 Mar 2018

Government's plans to expropriate land without compensation should not deter prospective buyers from investing in residential property, legal professionals say.

Although a motion was passed in Parliament to forge ahead with these moves, the process is still only a bill and not an act of Parliament, and so will first need to pass through "the various p...

How new VAT rate affects property sales

09 Mar 2018

The announced increase in the VAT-rate to 15% is effective from 1 April 2018 and has raised a number of questions regarding the VAT-implications of transactions that are currently being concluded.

One of these questions is how the increased VAT rate affects fixed property sales that are currently in progress or being negotiated (i.e. before 1 April 20...

Section 67A(4) of the VAT Act - a knight in shining armour for residential property sales deals?

08 Mar 2018

By now the whole of South Africa is aware of the increase in the VAT rate to 15%, announced during the 2018 Budget Speech. The increase in the VAT rate (the first since 1993) is effective from 1 April 2018 and has raised a number of questions regarding the VAT implications of transactions that are currently being concluded. One of these questions is how does...

Do you know what your rental rights are during the water crisis?

08 Mar 2018

With Day Zero in Cape Town projected for 9 July, a number of questions have been raised about how the water crisis affects the rights of tenants and landlords. Both parties have contractual obligations to fulfil as part of their lease agreements, but what happens when these become impossible because of circumstances outside of our control?

According t...

Housing scheme fines - how to keep them from becoming a hot potato

06 Mar 2018

While some home owners believe the imposition of fines in community housing schemes (CHS), like sectional title complexes and estates, helps to ensure that all residents follow the rules, others argue that their body corporate or home owners' association (HOA) is overstepping its authority when it does this.

"Some will even say that imposing a fine is...

Get back-up for municipal valuation objections

06 Mar 2018

Property owners in Johannesburg, Ethekwini and many other municipal areas only have a short time in which to lodge any objections to the new municipal valuations of their properties - and to the new municipal rates based on these valuations that they will be charged from July.

And to assist, the Chas Everitt International property group is offering fr...

#RatesMustFall: 700% property value shock

02 Mar 2018

Johannesburg - A Joburg CBD building owner, Rees Mann, got the shock of his life when he opened his municipal valuation bill and found it had increased by more than 700% - from R3million to a staggering R25m.

He joins the fast-growing list of home and business owners up in arms over what they term excessive valuations that will force them off their pr...

Rental property sector hard-hit by fraudsters

02 Mar 2018

The rental property sector is being particularly hard-hit by at the moment by fraudsters determined to gain access to rental accommodation under false pretences, says Greg Harris, CEO of Chas Everitt Property Rentals.

"When the economy is slow as it is at the moment, we always experience higher demand for rental accommodation because many people put o...

Rental and housing markets could see boost from potential rate cut

01 Mar 2018

The rental market suffered from much volatility during 2017, as reflected in the PayProp Rental Index Annual Review.

According to the report, it kicked off with rental growth spiking in January with weighted year-on-year (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slig...

#Budget2018: Rising tax burden on shrinking base worrying for economy, property

28 Feb 2018

It was always going to be a tough budget given that finance minister Malusi Gigaba already signalled during his mini-budget late last year that there was a significant fiscal deficit that needed to be funded. And, with a sluggish, albeit improving economy, this could only come from higher taxes.

While an improved economic outlook is welcome news, risi...

'How to fight off fake tenants'

27 Feb 2018

The rental property sector is hard-hit by at the moment by fraudsters determined to gain access to rental accommodation under false pretences.

"When the economy is slow as it is at the moment, we always experience higher demand for rental accommodation because many people put off buying their own homes, while others are forced to sell their homes and ...

Seven things students should know about lease agreements

27 Feb 2018

Whether staying in a conventional apartment or in a university residence, all students should have signed a lease agreement with their landlord before moving in - any landlord that offers accommodation without a contract is suspect, and to be frank, breaking the law, and should be avoided.

"Reasons for moving could vary from the convenience of being c...

Can a lessee withhold rental if denied full occupation of leased premises?

26 Feb 2018

The Supreme Court of Appeal dealt with the question of whether or not a lessee can withhold rental if it is not given full occupation of the leased premises in the recent case of Tudor Hotel Brasserie & Bar v Hencetrade 15. The lessee, Tudor Hotel Brasserie & Bar was evicted from the leased premises by the lessor, Hencetrade 15, as a result of Tudor's failur...

What Are The Four Phases of Homeownership?

26 Feb 2018

Homeownership can be a wild but exciting ride and whether you've lived in your house for a decade or a lifetime, buckling up is the best thing you can do.

Regardless how long you've lived in your personal shelter called home, you are more than likely to move across these 4 stages of homeownership, from the very first day you get that set of new keys u...

Better year expected for residential property market

23 Feb 2018

An improvement in the residential property market was expected this year, despite the Budget being negative for the housing market, according to industry analysts.

Jacques du Toit, a property analyst at Absa Home Loans, said yesterday that the Budget would definitely impact on consumer and household finances by affecting disposable income.

He s...

Cash buyers trump those who require bonds

22 Feb 2018

Property buyers with cash on hand are snatching prime Cape Town properties from under the noses of potential bonded buyers, not giving them the chance to finalise their home loans.

In some areas, the only way bonded buyers are able to compete is by offering more than the asking prices for the homes they desire.

Most buyers in Cape Town's luxury...

How to bounce back after overpricing your property

21 Feb 2018

While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.

Modern buyers are well-informed on what they can expect for their money, says David Jacobs of the Rawson Property Group. They have little patience for unrealistic prices, and are very likely to avoid overvalued properties ...

What body corporate finances really mean for your investment

21 Feb 2018

Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision. This is because the financial management of a complex will have significant impact on the property's appreciation potential as well as...

Check body corporate finances before you buy sectional title

20 Feb 2018

Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.

The financial management of a complex will have significant impact on the property's appreciation potential as well as levy amo...

Lower-income properties outperform rest of market

20 Feb 2018

Property prices and the types of homes people are looking for seem to mirror the country's economic and home affordability situations as upper end properties sit on the market for longer.

Homes in the middle and lower income value bands, on the other hand, are not staying on the market long, and are also achieving the highest house-price growth

Housing shortage an opportunity for high investment yields

14 Feb 2018

Investment is needed in the affordable housing sector. Historically, growth in this sector has been hampered by perceptions of high risk and, as a result, undervalued investments.
Housing shortage an opportunity for high investment yields

If investors take the time to do their due diligence, they could find South Africa's housing shortage is also a...

Managing storage in sectional title schemes

13 Feb 2018

While most homes in cluster complexes and other gated communities come with one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.

"The trouble is there is usually not enough space to create an extra parking bay or storage unit for every household, and a scra...

Increased property sales due to emigration

13 Feb 2018

The gradual rising trend in emigration-related home selling, which began in the fourth quarter of 2013, is continuing, while foreign buying of South African property has been on a declining trend since last year.

FNB said home selling because of emigration increased to an estimated 7.4 percent of total selling in the fourth quarter of last year from 7...

Legal battle over property transfers and jurisdictions

12 Feb 2018

A legal battle has erupted between a company which said it had a business model which could deal with the day-to-day administrative aspects of property transfers and the legal fraternity. But, the legal fraternity says, transfers are in law reserved to conveyancers or legal practitioners.

Newly-established company Proxi Smart Services Pty Ltd turned t...

Rental markets under pressure

12 Feb 2018

The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news.

Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it's a double-edged sword as the market also will come under increasing pressure from factors like declining disposable ...

Property firms chided over pay policy

08 Feb 2018

With the maturation of the listed South African property sector that began with just a few companies in the early 2000s, remuneration structures are now being challenged.

Last week, Arrowhead Properties and Dipula Income Fund held annual general meetings where their remuneration policies faced criticism.

Nearly a quarter of the shareholders at ...

Legal battle over property transfers and jurisdictions

08 Feb 2018

A legal battle has erupted between a company which said it had a business model which could deal with the day-to-day administrative aspects of property transfers and the legal fraternity. But, the legal fraternity says, transfers are in law reserved to conveyancers or legal practitioners.

Newly-established company Proxi Smart Services Pty Ltd turned t...

How to keep parking peace in complexes

07 Feb 2018

While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.

"The trouble is that there is usually not enough space to create an extra parking bay or storage unit for ever...

Check zoning rights before buying residential property for business use

07 Feb 2018

How often do we see those adverts "perfect for home-office" or "ideal for business" on an estate agent's advertising platform and take it as a given that the said property is in fact 'ideal for business'?

But often these advertising statements are either loosely, incorrectly or deceitfully used in order to make a property more attractive to buyers.

Spooked property stocks have lost 16% this year

06 Feb 2018

Some light may be shed as to what caused renewed panic selling of real estate investment trusts (Reits) when Fortress releases its results on Friday, 2 February.
Spooked property stocks have lost 16% this year

Fortress, which has B units akin to normal shares and A units similar to preference shares listed on the JSE, was among Thursday's biggest c...

Divorce and death affect landlords and tenants alike

06 Feb 2018

Renting property is generally the best option for people not looking for long-term commitment, but complications often occur when relationships between tenants break down.

Couples who divorce or separate can cause headaches for landlords and managing agents when neither takes responsibility for the lease.

The same difficulties arise when a tena...

Resilient hopes sell-off will end now it is not a target

05 Feb 2018

Resilient CEO Des de Beer says the group and its partners are hopeful that the "hysterical" selloff of its shares will stop now that US research house Viceroy has targeted another firm in its second report on a South African company.
Resilient hopes sell-off will end now it is not a targetViceroy followed a damning report about Steinhoff International in ...

Is buy-to-let property still attractive as an asset class in the current environment?

05 Feb 2018

According to Gareth Bailey, Pam Golding Properties area principal for Durban Coastal, residential buy-to-let property undoubtedly remains an attractive asset class, even in the current economic and political climate.
Is buy-to-let property still attractive as an asset class in the current environment?In uncertain economic and political times, people are s...

Secondary home-buying expected to improve this year

02 Feb 2018

Seconday non-essential home-buying, which includes buy-to-let homes, weakened as the year progressed last year but was expected to improve this year, according to FNB.

John Loos, a household and property sector strategist at FNB, said this improvement was anticipated given FNB's expectation of stable interest rates this year, slightly improved economi...

Arrowhead runs into dissent on remuneration

02 Feb 2018

Arrowhead Properties, which has forecast that its dividend will shrink in the year to September, is facing criticism over its remuneration policy. Nearly a quarter of the shareholders at its annual general meeting on Tuesday, 30 January, voted against the diversified real estate group's remuneration policy.

As much as 22.51% voted against and 5.4% abs...

Smart homes no longer strictly the domain of the wealthy

01 Feb 2018

The perception of smart homes as the domain of wealthier home owners and tech junkies only is changing quickly as advances are making smart home technology increasingly accessible and user-friendly.
Smart homes no longer strictly the domain of the wealthy

The Smart Home Market Overview 2017 report revealed that the global smart home market almost d...

Investors choose to hold on to Resilient

31 Jan 2018

Several long-term shareholders are holding on to their interests in the Resilient group of property companies, saying that they will not act on speculation and will instead wait for the release of financial results.

There has been a selldown in the shares of Resilient, Greenbay Properties, Fortress Income Fund and Nepi Rockcastle over the past two wee...

When home means a place for everyone

30 Jan 2018

Multi-generational living is rising as growing security needs and high costs of living make "hiving" an attractive option for families.

Estate agents report a marked increase in home purchases for this purpose, with parents and children, or parents and grandparents, pooling resources to buy properties to share.

There has recently also been a ri...

Estate agents expect market improvement

30 Jan 2018

Next month's first FNB Estate Agent Survey for 2018 is expected to see a "slightly better" market picture emerge following "modest" agent expectations last year.

An improved economic growth rate, accompanied by the expectation of stable interest rates, should also be supportive of mildly stronger household sector disposable income growth, says FNB's J...

Top 10 points to include in a rental agreement

29 Jan 2018

A written lease agreement needs to protect both the tenant and the landlord and should therefore detail as much about the rental agreement as possible to leave no room for misinterpretation. Both the tenant and landlord must ensure that they are happy with the terms and conditions in the agreement, especially if it was provided by a real estate company.
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Fix your property or sell as is?

26 Jan 2018

What do you do if you want to sell your home, but it is in need of repairs?

If this is the situation, you have a tough decision to make about what makes more financial sense.

Either you will have to delay selling the home and spend the money to get the property in tip-top shape, or you can place it on the market and take the knock on the asking...

Single women buy homes more than men

25 Jan 2018

I often hear that single women are more likely than single men to buy homes on their own.

In my early twenties, anecdotal research backed this up: many women in my friend group were purchasing their own homes, or dreaming about doing so, and not waiting for a significant other to do it.

Behind couples, single women are the largest group of home...

Online photos can misrepresent vital aspects of a property

24 Jan 2018

Picture this real estate scenario like most shoppers searching for a home, you start on the web, checking listings and locations. You find a house that appears to be what you're after, and you tap into the photos for interior shots.

The house seems outstanding for the asking price. Everything appears to be in good physical condition, you're impressed ...

Landlords or tenants - who has more rights?

24 Jan 2018

A sentiment frequently expressed by many a frustrated landlord these days is that "tenants have all the rights". Similarly, tenants often feel that there is no-one fighting their corner when a landlord does not fulfil their obligations. So who is right?
Landlords or tenants - who has more rights?

"The reality is that both tenants and landlords are ...

What's on the cards for property in 2018

23 Jan 2018

2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. Here are the property trends and market influences that could make their impact felt in the new year.
What's on the cards for property in 2018

Demand and market activity

2017 showed a slow b...

Top market may lose some sparkle

23 Jan 2018

This year may be tougher than last for the Western Cape property market as house-price growth subsides and the province grapples with the ongoing drought.

And just like the national picture, struggles associated with affordability and the unstable economy look set to continue into 2018.

House-price growth in the Western Cape, and in Cape Town p...

Stable start to 2018 with no change in repo rate

22 Jan 2018

It was a stable start to the New Year with the Reserve Bank on Thursday, 18 January, announcing no change in the repo rate at the conclusion of its Monetary Policy Committee meeting, as forecast by various market commentators.
Stable start to 2018 with no change in repo rate

While the political transition currently under way is in itself unlikely t...

Average first-time home buying percentage stabilised in 2017 after two years of decline

22 Jan 2018

According to the FNB Estate Agent Surveys through 2017, the estimated average first-time home buyer level was 20.27% of total home buying for the year.
Average first-time home buying percentage stabilised in 2017 after two years of decline

This is at almost the same level as the 20% average for 2016, a more-or-less sideways move last year, after no...

Why sectional title schemes should have separate water billing for units

19 Jan 2018

With the Western Cape still in the midst of a severe severe drought, many households have had to adjust the way they use water. According to Mandi Hanekom, operations manager for sectional title finance company Propell, it is a little more complicated in sectional title schemes. It is not easy to implement grey water systems for multiple users and it is also...

Are show days still relevant?

18 Jan 2018

With most consumers looking online for property, many real estate professionals have stopped using open show days as a marketing tool to sell a home.

Within the property industry, there is some debate among real estate professionals as to whether show days are still a worthwhile step in the property sales process. While some still see show days as an ...

Early cancellation of a residential lease

18 Jan 2018

In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.

What happens though when the lease is to be cancelled early, whether due to the tenant's circumstances changing or to th...

Realtors warn against excessive positivity

16 Jan 2018

National house-price growth in 2018 is anticipated to be "slightly better" than 2017's average, which FNB's John Loos says was 3.7%..

Having said this though, it is only a mild expected strengthening to "perhaps nearer to 5% price growth", still translating into mild "real" house price decline.

Loos says: "By this it is meant that average house...

Early cancellation of a residential lease

16 Jan 2018

In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.

What happens though when the lease is to be cancelled early, whether due to the tenant's circumstances changing or to th...

South African property market predictions for 2018

15 Jan 2018


Wondering what the property market will be doing this year? We asked some of the country's leading experts for their views.

All in all, 2017 was a bad year for South Africa. As if credit rating downgrades, a lack of economic growth, growing reports of state capture, and soaring fuel and food prices weren't enough, we also had to contend with a pre...

Tough times see confidence levels drop to new low points

11 Jan 2018

Property building confidence in South Africa has dropped to its lowest levels in more than five years, with current business conditions in the country to blame.

According to the FNB/BER Building Confidence Index, the level fell to 31 in the fourth quarter (Q4) this year, from 35 in Q3 - the lowest confidence level since Q3 in 2012.

At the curre...

Property owners should brace for a tough 2018

11 Jan 2018

South African homeowners and prospective buyers should brace themselves for a tough 2018 that could see property rates, electricity and water tariffs, and interest rates rise.

Consumers will need to tighten their belts and save as much as they can through the political and economic turbulence. Consumers are already under pressure, but last month's sec...

What are the main issues that affect property prices in SA?

10 Jan 2018

The answer is more complex than it would seem at face value. There are various factors at play, the most important being market conditions which affect so many elements including the cost of loans.

The repurchase rate, or repo rate, is the interest rate that the South African Reserve Bank applies to the money it lends to banks. The Reserve Bank uses t...

The five-step process to securing the right tenant

10 Jan 2018

Times are indeed tough, and the rental market is no different. While landlords have the opportunity to boost their income through renting out property, it can be a tricky sea to navigate without following certain steps and taking precautions. By properly screening a tenant, a landlord has a better chance of keeping the rent coming in consistently. There are ...

Residential tenant payments improve as rental increases slow

09 Jan 2018

Residential tenant rental payments improved in the third quarter for the second consecutive quarter as average rental inflation slowed year on year for the third consecutive quarter.

The latest quarterly residential rental monitor by the TPN credit bureau showed that tenants "in good standing" with their landlords improved to 83.47 percent in the thir...

Boundary wall dispute ends up in court

09 Jan 2018

To promote good neighbourliness, disputes between neighbours should not end up in our country's courts.

This was the advice of an acting judge at the Gauteng High Court, Pretoria, which he gave in a judgment where he had to resolve problems between neighbours over a boundary wall.

Judge E van der Schyff said these disputes should rather be adju...

Investment property owners be aware of common tax pitfalls

08 Jan 2018

Whether investing in property for long-term returns or for resale in the short term, taxpayers are often faced with the question of how their decisions affect their tax liabilities. The most common tax mistakes in property investment can be avoided by understanding three main aspects.

From a tax perspective, investment property is generally understood...

The five-step process to securing the right tenant

08 Jan 2018

Times are indeed tough, and the rental market is no different. While landlords have the opportunity to boost their income through renting out property, it can be a tricky sea to navigate without following certain steps and taking precautions. By properly screening a tenant, a landlord has a better chance of keeping the rent coming in consistently. There are ...

Electric fence installations subject to safety regulations

15 Dec 2017

Electric fencing is a popular security solution in South Africa which, along with alarm systems and CCTV cameras, is used as a deterrent to would-be burglars. However, by nature it is potentially dangerous.

What happens if a fault occurs and who's liable if someone gets hurt? Before you jet off on holiday this festive season it's worth checking that a...

How to sweat office space in uncertain economic times

14 Dec 2017

South Africa is facing severe economic headwinds and many companies are hesitant to move into bigger spaces even if they need them. Many offices have a low utilisation portion of their space which means they are paying for space they don't even use. Unused space is a very costly resource. But there are ways to make existing space work harder.

1.Store ...

'Voetstoots' clause does not remove onus to disclose defects

13 Dec 2017

The "voetstoots" clause, meaning "with a shove of the foot" (that the buyer takes the property in its present condition as it is), has often been used by sellers as a disclaimer to protect themselves against any claims from the buyer if a fault is found after signing the offer to purchase."

This term, however, is not to be abused as known defects by l...

Electric fence installations subject to safety regulations

13 Dec 2017

Electric fencing is a popular security solution in South Africa which, along with alarm systems and CCTV cameras, is used as a deterrent to would-be burglars. However, by nature it is potentially dangerous.

What happens if a fault occurs and who's liable if someone gets hurt? Before you jet off on holiday this festive season it's worth checking that a...

If you pay more than 30% of your income to rent, you are overdoing it

12 Dec 2017

South Africa tenants are urged not to spend too much on rent every month in attempts to keep up with their peers or demand "the best".

This is according to Michael Bauer, managing director of SAProperty.com.

Bauer says although most tenants countrywide pay about 30% of their monthly income towards rent, it has been found that those who rent in ...

Consider a solid investment in real estate

12 Dec 2017

The recent disaster that befell the Steinhoff share price is a prime example of the risks of investing your hard-earned money in shares. Imagine the horror of waking up to discover your investment is worth less than half of what it was the day before.

While Steinhoff shares were, until last week, considered one of the best shares to invest in, they re...

Building confidence worst since 2012

11 Dec 2017

Confidence in the building industry in the fourth quarter of this year deteriorated to its worst level since the third quarter of 2012.

The FNB/Bureau for Economic Research (BER) building confidence index released yesterday dropped to 31 index points on a 100-point scale from 35 in the previous quarter.

The current level of the index indicates ...

Homeowners warned about insurance implications of drought

07 Dec 2017

With a number of provinces in South Africa still facing extreme drought conditions, it is important for all homeowners to be aware of the impact of the drought on their home and therefore their insurance. There are a number of areas of the home that can be impacted by water restrictions, including water pipes, swimming pools and gardens.

This is accor...

How to become a successful property investor

06 Dec 2017

While property is a very popular and profitable investment in South Africa, without the right skills it can be a tough market to crack.
How to become a successful property investor

"It's not easy to leap into property and make a success of it without a plan," says Tony Clarke, MD of the Rawson Property Group. "Unless you have a natural instinct for...

Average house price growth to decline for third year in a row

06 Dec 2017

The average year-on-year house price growth for this year was likely to be slower than last year, despite year-on-year house price growth accelerating mildly in recent months.

John Loos, a household and property sector strategist at FNB, said yesterday that this would represent the third consecutive year of slowdown in house price growth.

"Aver...

Major shift occuring in property market towards sustainability

05 Dec 2017

Sustainability in the property sector is becoming more important than ever, says William Hughes, business sustainability consultant at Mazars, and companies operating in this market will need to undergo a paradigm shift in order to stay competitive.
"There is already a major shift in the property market towards green technology, alternative energy and gre...

Illegal estate wall collapses onto neighbouring property

05 Dec 2017

After his neighbour's wall collapsed onto his home a week ago, Ravindra Bikramchund said Kindlewood Estate management in Mount Edgecombe had ignored his complaints about the wall going up more than six months ago.

Ravindra Bikramchund of Kindlewood Estate, Mount Edgecombe, in his yard where a neighbour's wall has fallen on his house.

The busine...

Why must I pay levies to CSOS?

04 Dec 2017

Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article I will address some of the issues that are causing confusion.

The CSOS Act and Regulations came into effect on 7 October 2016, and in terms of section 29(1)(b) of that Act, all community schemes must pay levies to the CSO...

Renewing right of first refusal

01 Dec 2017

Bruce Swain, CEO of Leapfrog Property Group, shares some advice in terms of rental contract renewals - with specific reference to 'right of first refusal'...
Renewing right of first refusal

The right of first refusal

Many tenants ask their landlords for first refusal, should the landlord ever decide to sell the property. "For a happy tenant ...

Top tips for selling your home this summer

29 Nov 2017

Traditionally, spring heralds the start of the "selling season" in real estate. This means more homes are on the market. Like most sellers, you will be looking for a swift sale for the optimum price. This means your home needs to stand out from its competitors and present a winning combination of correct pricing and a lot of appeal, which speaks to the emoti...

Minister threatens to cut off water to 30 municipalities

29 Nov 2017

Thirty of South Africa's municipalities that have failed to honour outstanding water bills have until early next month to start paying up.
Minister threatens to cut off water to 30 municipalities

Minister of Water and Sanitation Nomvula Mokonyane announced in Johannesburg on Monday that her department had issued notices to 30 defaulting municipalit...

Tenants' right of first refusal to buy

28 Nov 2017

Many tenants ask their landlords for first refusal, should the landlord ever decide to sell the property.

"For a happy tenant the right of first refusal is a fantastic opportunity to not only remain in the property they love, but to purchase it for themselves should the opportunity arise,|" says Bruce Swain of the Leapfrog Property Group.

The r...

Bigger bond sizes encouraging for buyers

28 Nov 2017

Good news for home buyers is that the average approved bond size has risen by almost 6% in the past 12 months, while the average home purchase price has risen only 3,3%.

That's according to the latest statistics from BetterBond, SA's biggest bond originator, which show that the average approved bond size in the year to end-October was R893 000, and th...

Rent instead of owning: Is it a better model for low-income housing?

27 Nov 2017

Government has built millions of RDP houses since 1994. Most of them are owned by the recipients. But there is a school of thought that home ownership is not always the best model for providing houses. Instead, the view goes, rent is often a more sustainable way.

Subsidised rentals are a tiny part of the government's plan to provide nearly 1.5-million...

Couple taken in by 'fake agent'

27 Nov 2017

A young Cape Town couple, ambitious to get into the property business, learnt the hard way when they realised they had been dealing with a bogus estate agent and a law firm employee who allegedly tricked them into believing he was an attorney.

The couple brings to eight the number of people Weekend Argus is aware of who have lost their money in what s...

Time almost up for timeshare industry

24 Nov 2017

Stuck with a holiday club membership that you were ambushed into signing? Mystified by the booking process? Told you cannot cancel the contract? Paid exorbitant annual levies and never seen any benefit?

Unfair practices in the timeshare industry have been in the spotlight for years, with countless complaints about consumers getting raw deals.

T...

Tourism accommodation industry posts modest revenue increase

22 Nov 2017

Total income for the tourist accommodation industry rose 1.8% in September from a year earlier, Stats SA showed on Monday.

The industry made R2.08bn in September compared with R1.927bn in September last year.

Income from accommodation - which excludes restaurant and bar sales and other income - was 3.8% higher than a year ago, as a 5.4% increas...

Illegal estate agents 'due to a lack of proper industry regulation'

17 Nov 2017

The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.

Jan le Roux, Chief Executive of Rebosa (the Real Estate Business Owners of South Africa) questioned these figures and wants to know what the EAAB is doing about the issue.

Le Roux says, "This is obviously ...

Industrial property leads in terms of SA property investment returns

16 Nov 2017

According to the latest MSCI's IPD South Africa Bi-annual Property Index, industrial property was the top performing sector in the country with a total return of 7.0% for the first six months of 2017. Despite tough economic conditions, this outperformance was driven mainly by a lower vacancy rate exhibited across the South African industrial property sector....

'Defects normally not the seller's problem'

15 Nov 2017

When buying a home the buyer will find that in South African law there are two categories of defects - latent and patent.

A patent defect is one that is easily discovered by any person doing a reasonably thorough inspection of the property. A latent defect is one which is not easily detected by such an inspection and may, in fact, be impossible for mo...

More flats and fewer houses being built

15 Nov 2017

South Africa's economy may be making property ownership a little harder to achieve, but statistics reveal that more than 50 000 homes were purchased from July to September.

Furthermore, 36 740 bonds were registered at the Deeds Office during this period, totalling almost R39 billion. The average bond amount was R1.1 million. This is according to Re/Ma...

Industrial property the first-half leader

14 Nov 2017

Industrial property was the top performing real estate type in the first half of 2017, as the sector continued to beat traditional leader retail, thanks to investors being able to lower the cost of managing warehouses and light manufacturing factories.

According to MSCI's IPD SA bi-annual property index, overall vacancies in the industrial sector also...

Apartment owner in court battle with illegal tenants

13 Nov 2017

The alleged hijacking of buildings in the declining area of Joburg's Windsor East is being encouraged by the courts which are supporting alleged illegal tenants.

So said a spokesperson for a property development company which owns 36 blocks of flats in the area.

Upgrading security at the building in Windsor East following the reinstatement by t...

Indluplace increase dividend by 5.6%, in line with guidance

10 Nov 2017

Indluplace the first focused residential real estate investment trust to be listed on the JSE reported on Wednesday, 8 November, that its full-year dividend rose 5.6% to 97.75c which was in line with its guidance.

Since listing in 2015 Indluplace has grown its portfolio by more than 85% to 6,859 residential units and 14,800m of associated retail space...

Five rental renovations to attract top tenants

09 Nov 2017

So the lease ended, your tenant left and now it's time to advertise your rental property again. But before you do, you may want to consider doing something more than the basic clean-and-repaint work in preparation for the next tenant.

It might be worth making some bigger home improvements now, even if there is no immediate opportunity in your local ma...

Unregistered estate agents can't charge you commission

09 Nov 2017

The Estate Agency Affairs Board has cautioned home sellers to ensure that their estate agents have Fidelity Fund Certificates allowing them to operate. If they do not, they are not entitled to earn commission on the sale.

More importantly, they are not allowed to operate as estate agents.

According to the board, about 10 years ago there were as...

SA could have as many as 50,000 illegal estate agents

07 Nov 2017

About 50,000 estate agents could be operating illegally in SA, the Estate Agency Affairs Board revealed on Thursday, 2 November.
SA could have as many as 50,000 illegal estate agentsThe board, which governs the industry, has introduced a mandatory counter-fraud measure for all registered estate agents to distinguish the genuine operators from the fakes - ...

EAAB wants to place 2000 interns

06 Nov 2017

About 2 000 black graduates will be placed with different estate agencies across the country as the industry tries to show it is serious about transformation.

Yesterday, officials from the Estate Agencies Affairs Board (EAAB) appeared before the parliamentary portfolio committee on human settlements where they were to present their turnaround strategy...

'Consumer Protection Act does not apply to all property transactions'

03 Nov 2017

The wave of publicity that accompanied South Africa's widely praised Consumer Protection Act has led buyers (consumers) to believe that they are afforded a blanket protection covering every commercial transaction in which they are involved.

Rowan Alexander, Director of Alexander Swart Property, has, however, pointed out that in property dealing most t...

EAAB wants to place 2000 interns

03 Nov 2017

About 2 000 black graduates will be placed with different estate agencies across the country as the industry tries to show it is serious about transformation.

Yesterday, officials from the Estate Agencies Affairs Board (EAAB) appeared before the parliamentary portfolio committee on human settlements where they were to present their turnaround strategy...

Delta Property raises first-half distribution 1.02% to 46.40c

02 Nov 2017

Delta Property Fund, which leases office space mainly to the government and state-owned enterprises, on Tuesday, 31 October, reported just a 1.02% rise in distribution to 46.40c in the six months to end-August from a year ago.

Delta's R11.3bn portfolio consists of 108 properties, with a total gross lettable area of 973,431m2 and includes assets held-f...

SA cities rank poorly on latest Schroders Global Cities Index

02 Nov 2017

South African cities leave much to be desired, that is according to the latest released Schroders Global Cities Index, which ranks over 700 cities in order of their attractiveness from a long-term real estate investment perspective. Johannesburg ranked fairly low at 212th, while Cape Town is all the way down at 414th.

Tom Walker, co-head of global rea...

Buying a tenanted property

01 Nov 2017

What happens if you find your ideal home, but the current owner has leased the property?
Buying a tenanted property

Generally buying a tenanted property isn't a problem - if the buyer bears in mind that old adage of "huur gaat voor koop,". Essentially common law dictates that a tenant's lease takes precedence of a change of ownership through a pro...

Five rental property buying mistakes to avoid

01 Nov 2017

Once you have done research and made up your mind about going for high rental yields instead of high capital growth properties, the next step is to master the process of picking the right investment property.

Praven Subbramoney, CEO of Private Bank Lending at FNB, says many inexperienced investors often get it wrong when choosing the first few rental ...

Seller expectations 'hindering seaboard property sales'

30 Oct 2017

Cape Town's Atlantic Seaboard and City Bowl property market recorded almost R6 billion in sales during the first nine months of this year, but seller expectations are hindering further sales, estate agents say.

Although the R5.7bn values of sales concluded from January to September is 82% higher than five years ago, Billy Rautenbach, sales director fo...

Consolidation opportunities among listed property funds 'have been lost'

30 Oct 2017

Some fund managers believe that listed real estate groups may have missed the opportunity for acquisitions and mergers in SA to create larger and more liquid funds.

Consolidation among South African-invested listed property companies has all but stopped in 2017, given weak economic growth, worries about the ANC's leadership conference and a volatile e...

How important is the stand on which a house is built?

26 Oct 2017

According to Gerhard Kotzwe MD of the RealNet estate agency group, one might assume, taking location into account, that the bigger the stand, the more the buyer would pay for it, but that is actually not always the case.

"Depending on buyer requirements and lifestyles, the 'usability' of a stand - sometimes also called a plot or an erf - frequently ou...

Sectional title versus freehold ownership

25 Oct 2017

Several reasons have contributed to the growing popularity of sectional title homes in South Africa over the last decade, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. "These homes often offer heightened security, are more affordable and provide people with a more communal way of living. However, as popular as sectional title o...

Increase your chances of securing a rental

25 Oct 2017

As the demand for rental properties continues to outstrip the current inventory available, it has become increasingly more difficult for tenants to find the right property, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.

"The demand for rental homes is unprecedented high, while there is simply not enough properties to go a...

Outstanding credit balances in the South African household sector increased by 3,4% year-on-year

24 Oct 2017

Outstanding credit balances in the South African household sector increased by 3,4% year-on-year (y/y) to R1 520,2 billion in the period January to August 2017.


Household secured credit balances (R1 168,6 billion and 76,9 % of total credit balances) showed growth of 3,4 % y/y up to the end of August. This low year-on-year growth in secured credit...

How to deal with absconding tenants

23 Oct 2017

While many landlords may rely on the rental income on their properties during tough economic times, they may also have to deal with disappearing tenants.

"With an absconding tenant, it can be quite difficult as you have to issue a cancellation letter, terminating the lease and indicating the final date of the lease," says Natalie Muller, head of renta...

How SA's urban sprawl trend is maintaining spatial divisions, resulting in poverty traps

20 Oct 2017

According to Professor Edgar Pieterse, urban sprawl will continue to be encouraged if private- and public-sector land investment in our cities concentrates on keeping the haves away from the have-nots. He was speaking at the recently held GBCSA Green Building Convention in Cape Town.

Urban inefficiency creates "pockets of poverty"

Similar senti...

Database of 30 million+ South Africans leaked online, property group is culprit

20 Oct 2017

NEWSWATCH: After a database of more than 30 million South Africans had been leaked online, including estimated incomes' addresses, and cellphone numbers, one of the country's top real estate companies has admitted to being the unwitting source.

In addition to the aforementioned, the personal information that was published also reportedly contains name...

Top five South African consumer trends - Euromonitor

19 Oct 2017

Global market intelligence company, Euromonitor International, has just released the latest results of the 2017 Global Consumer Trends survey.

According to a 2017 survey by the Bureau for Economic Research at Stellenbosch University, consumers have the most pessimistic economic outlook since the survey began in 1982, based on factors including politic...

Equities acquires Coventry property

19 Oct 2017

Equites Property Fund, the high-end industrial property owner, has strengthened its UK portfolio with a deal worth nearly R700m. The group has bought a 19,909m cross docking distribution centre in Coventry, England, for $41m. This means Equites now owns four distribution centres in the UK worth about $104m.

The Coventry transaction was subject to the ...

Airbnb oversupply causes return to traditional letting

18 Oct 2017

Traditionally a property could be rented out for any period, but most landlords would opt for a six months lease agreement or longer with a potential tenant, also referred to as long term rentals.

"Short-stay rentals on the other hand are seen as a different kettle of fish as they relate more to the tourist industry and holiday makers," says Linda Era...

Property buyers, sellers need to be extra vigilant in avoiding fraud

18 Oct 2017

With property fraud on the rise, buyers and sellers need to be ultra-vigilant, says Chris Tyson, chief executive of Tyson Properties. "In tough economic times, people turn to crime. In the property industry, it is no different," he says.
Property buyers, sellers need to be extra vigilant in avoiding fraudThere are a number of different types of property f...

Buyers - and sellers - urged to do their homework before signing an offer

17 Oct 2017

Buyers are urged to carefully assess the properties they consider purchasing before making an offer as, despite legislation protecting them in cases where the true state of properties are hidden, they still need to "beware".

"Caveat emptor" - "let the buyer beware" - is a phrase from contract law that often applies in property transactions as buyers k...

Equites pays lavish dividend

17 Oct 2017

Equites Property Fund, which is focused on high-end logistics assets, delivered double-digit growth in dividends for the six months to August, making it one of the top-performing listed real estate groups.

The company achieved a 12.02% increase in half-year dividends to August, one of the few double-digit income providers in 2017. It was also included...

South African commercial property markets reflect impact of economic climate

16 Oct 2017

JLL's overview of South Africa's central office, industrial and retail markets reflects the impact of the current economic climate, with pockets of confidence within a largely cautious sector

Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in Johannesburg and Durban, the office markets...

Why residential estates insist on uniformity

16 Oct 2017


While homeowners may be annoyed by not having freedom of choice regarding their estate home's appearance, uniformity does protect property values.

Homes in community housing schemes such as estates and cluster home complexes are generally sold at a premium, so buyers in these schemes are often confused and annoyed to find that they don't have much...

Property remains safe haven asset for investors

13 Oct 2017

When the economy is struggling with low growth, as South Africa's currently is, there are still opportunities for investments, says Sandra Gordon, Pam Golding Properties senior research analyst, but it requires research and a basic knowledge of the underlying trends and dynamics driving the various sectors of the local residential market.

Increasingly...

Are your rental properties sufficiently wired?

13 Oct 2017

With tenants more and more concerned about technology services, it is becoming increasingly important for landlords and their agents to advertise these features if their properties have them, says Gerhard Kotze MD of the RealNet estate agency group.

"In a recent survey by Apartments.com to establish which amenities tenants consider most desirable, 61%...

'Court should demand reserve price in execution sales'

12 Oct 2017

The Ga-Rankuwa man who fell into arrears with the repayment of his bond is asking the court to order that there should be a reserve price set when a house is sold in execution.

Given Nkwane had received a home loan to the value of R380 000 from Standard Bank in 2011. He paid his bond instalments religiously for two years.

But when Nkwane and hi...

Demand for secondary homes declines

12 Oct 2017

Demand for secondary homes and investment buy-to-let residential properties is continuing to weaken, suggesting a possible deterioration in the popularity of owning investment property.

John Loos, a household and property sector strategist at FNB Home Loans, said in these tougher economic times it was perhaps to be expected that secondary home buying ...

Is it permissible to let sectional title units via Airbnb?

11 Oct 2017

The ombud for community housing schemes seems to have resolved whether it is permissible to let sectional title units via Airbnb in terms of the Sectional Title Schemes Management Act (STSMA).
Is it permissible to let sectional title units via Airbnb?

"Some people argued that Airbnb letting amounted to running a business, which you are not allowed ...

Be cautious when handing over management of an ST scheme to an executive managing agent

11 Oct 2017

In the past, if a sectional title scheme appointed a managing agent, the trustees would still have to be actively involved in the decision making and management of the scheme. The Sectional Title Schemes Management Act (STSMA), however, makes allowance for a new type of managing agent - the executive managing agent - which could almost be seen as putting the...

House price growth still slowing

10 Oct 2017

House price growth in South Africa continues to slow, and could potentially be less than 2% over the next 12 months.

This is despite a slight increase in house price growth from August to September.

According to the latest FNB House Price Index, house prices rose by 4.1% year-onyear in September 2017, which is a mild increase from the revised 3...

Lack of maintenance causes breakdown in landlord-tenant relationships

10 Oct 2017

Sunell Afrika, rentals manager for SAProperty.com, says that "one of the biggest causes of a breakdown in landlord-tenant relationships is where there is a lack of maintenance or repair".
Lack of maintenance causes breakdown in landlord-tenant relationships

Landlords have a duty to keep the unit they rent out "reasonably fit for the purpose for whi...

Are your rental properties sufficiently wired?

09 Oct 2017

With tenants more and more concerned about technology services, it is becoming increasingly important for landlords and their agents to advertise these features if their properties have them, says Gerhard Kotz' MD of the RealNet estate agency group.
Image source:
Image source: www.pexels.com
"In a recent survey by Apartments.com to establish which a...

Repeat buyers point to real estate market resilience, says BetterBond

09 Oct 2017

According to statistics from BetterBond, the majority of current homebuyers (52%) are repeat buyers who are giving real estate a vote of confidence by re-investing the proceeds of their own sales.
Repeat buyers point to real estate market resilience, says BetterBond

So says CEO Shaun Rademeyer, who notes that the company's application approval rati...

Hope for home owners in arrears

06 Oct 2017

Home owners who default on their bond payments should not despair as they will not lose the property if they pay before the property is sold.

This was the message from a Gauteng High Court judge, who said people often threw in the towel when they received an order that they had to repay the outstanding bond, as well as an order declaring that the prop...

Why listed infrastructure appeals to Black Rock

06 Oct 2017

Investment house BlackRock says it is finding infrastructure businesses more attractive than many listed property groups.
Why listed infrastructure appeals to Black Rock

"We used to say we invest in real estate but now we say that we invest in real asset securities businesses. This is because we have found that listed infrastructure businesses are ...

Properties remain on market longer

05 Oct 2017

The average time a home remained on the market before it was sold increased further by two days to 15 weeks and six days in the third quarter, indicating the market appeared to be gradually drifting away from equilibrium and price realism, according to FNB.

John Loos, a household and property sector strategist at FNB, said the bank took a subjective v...

Proposed property bill 'presents many challenges'

05 Oct 2017

The proposed Property Practitioners Bill has wide-ranging challenges which will hopefully be addressed in a second draft before it is implemented.

So said Smith Tabatha Buchanan Boyes (STBB) Cape Town director Maryna Botha at the Independent Home Property Summit and Expo in Durban on Friday.

Botha said a major problem with the bill, which repea...

'Rental tribunal not a toothless body'

04 Oct 2017

Whether you're a tenant, looking for pleasant, affordable and convenient accommodation or a landlord searching for a suitable tenant, the letting business can be risky and the only certainty is that people are unpredictable.

Many landlord, tenant issues could be avoided if tenants simply paid their dues on time and looked after properties.

But ...

A smiley face may end up being no laughing matter

03 Oct 2017

A smiley face may end up being no laughing matter
2 Oct 2017 | Save | Email | Print | PDF By: Suthentira Govender
Sending a smiley face or thumbs-up emoji could land you in legal trouble.

Seemingly innocent emoticons attached to an instant message or e-mail can lead to you being bound by unwanted contracts and held liable for damages, warns ...

Cabinet approves land, tech bills for public comment

02 Oct 2017

Cabinet has approved the Land Survey Amendment Bill and the Science and Technology Laws Amendment Bill for public comment.
Cabinet approves land, tech bills for public comment

"Cabinet approved the publication of the Land Survey Amendment Bill for public comment. The Bill amends the Land Survey Act, 1997 (Act 8 of 1997),|" said Cabinet in a stateme...

Sectional Title owners can oppose Airbnb letting

29 Sep 2017

Until recently, there were two schools of thought about whether it is permissible to let sectional title units via Airbnb in terms of the Sectional Title Schemes Management Act (STSMA), but their differences appear to be have been resolved for now by the Ombud for community housing schemes.

"Some people argued that Airbnb letting amounted to running a...

Local property companies should use tough economic times to strengthen themselves for the future

29 Sep 2017

Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment, but to prosper in the future, the industry must enhance their capabilities to manage new types of disruptions. South African property companies cannot rest on their laurels in difficult conditions.

The property secto...

Timeshare deals taken to task

28 Sep 2017

Frustrated holidaymakers, fed up with being tied to timeshare holiday contracts, have approached the National Consumer Commission in a bid to influence policy that regulates the vacation ownership industry.

Scores of timeshare contract holders complained in countrywide hearings by a consumer commission panel that they had paid large sums to be members...

A good credit profile key when applying for home loan

28 Sep 2017

When you approach a bank for finance, there are a number of factors that will be considered before your application can be approved.

Banks will generally take into account the location and market value of the property, the deposit you are willing to put down, as well as your affordability and credit score.

"However, what many first-time home bu...

Timeshare deals taken to task

27 Sep 2017

Frustrated holidaymakers, fed up with being tied to timeshare holiday contracts, have approached the National Consumer Commission in a bid to influence policy that regulates the vacation ownership industry.

Scores of timeshare contract holders complained in countrywide hearings by a consumer commission panel that they had paid large sums to be members...

Stately properties attract buyers, but come with issues

27 Sep 2017

Many buyers find it hard to resist the appeal of owning a heritage home but the issues that accompany historically significant properties are complex and often messy.

Even the mere definition of a heritage home is contentious.

"There is no legally defined term for a heritage house, although these are often bandied about," says architect and her...

Repo rate remains unchanged, property market to remain restrained

26 Sep 2017

South African Reserve Bank governor Lesetja Kganyago announced on Thursday, 21 September, that the Monetary Policy Committee has decided to keep the rates at their current levels - this coming off the Reserve Bank's last decision in July to cut the rates by 25 basis points. Currently, the repo rate is at 6.75%, with the prime lending rate at 10.25%.

C...

Rental maintenance not just landlord's responsibility

26 Sep 2017

Tenants often believe landlords are responsible for all maintenance on their rental properties, but this is not always the case.

Tenants are also responsible for some aspects, says Natalie Muller, regional head of rentals at Jawitz Properties Western Cape. She says who is responsible for what is often the confusing issue.

"Some aspects fall on ...

New online property marketplace launched

20 Sep 2017

New property platform eazi.com has launched, offering another online avenue to buy and sell property in South Africa.
New online property marketplace launched "We deconstructed the process of buying and selling a home into the various elements that make up the transaction," explains CEO Shaun Minnie, "including the role of the estate agent. We then design...

House price growth now below inflation

19 Sep 2017

The South African property market is in for some turbulent times as a struggling economy and low growth prospects put increasing pressure on owners.

As it is, house prices in South Africa are still high in real terms, with some areas in Cape Town seeing price increases of almost 30% in one year.

Speaking at the Rode-REIM real estate conference,...

Understanding the importance of the tenant screening process

19 Sep 2017

According to the most recent Tenant Profile Network (TPN) Rental Monitor report, "Since around 2014, we have witnessed a gradual deterioration in tenant payment performance nationally. The percentage of tenants 'in good standing' with their landlords reached a multi-year peak of 85.95% in the third quarter of 2014. Since then, this percentage has declined by...

Worldwide trust crisis forces real estate agents to adapt

18 Sep 2017

The 2017 Edelman Trust Barometer has revealed that people around the globe are losing faith that "the system" is working in their favour.

This worldwide trust crisis has created a general climate of cynicism and fear affecting both political institutions and commercial organisations. The real estate industry is no exception and local experts say adapt...

Trends in commercial property and the changing nature of risk

18 Sep 2017

The business and commercial property landscape is changing as a result of mass urbanisation and population growth. In fact, 64.3% of the current South African population lives in urban areas. As a result, buildings are now being constructed taller than ever before so they remain within the constraints of land use designation.

South Africa is one of th...

What you need to know about occupational rent

15 Sep 2017

Whether you are a buyer or a seller, it is vital that you are familiar with the terms and conditions stipulated in the property sales agreement.
What you need to know about occupational rent

South African law states that those who would like to either sell or buy a property are required to reduce all contractual agreements to writing. The reason fo...

The lowdown on letting out your property

15 Sep 2017

Irrespective of whether the property in question is a one-bedroom studio flat, a cottage at the back of the garden or an entire estate, the same laws and procedures apply and need to be understood clearly in order to make a success of the rental market.
The lowdown on letting out your property

From security deposits and credit checks to a range of ...

Know your rights as a neighbour

14 Sep 2017

If you have nice neighbours you are very lucky, however in reality some are not very pleasant and can make your life miserable at times.

It is worth making the time getting to know those who live next to you, as neighbours can play an important role in our lives and our community, and it's always a good thing to keep in mind that you are a neighbour t...

Judgements favour property owners over municipalities

14 Sep 2017

Property owners are riding a wave of success following a number of court victories against the country's municipalities, the most recent being last week's landmark judgement on historical debt.

Owner associations and legal experts have welcomed the court rulings, saying property owners finally have their rights established, and some are now even enshr...

House insurance row

13 Sep 2017

A national insurance firm has changed tack and apologised to a township homeowner for its initial refusal to insure his R5m house in KwaNobuhle. Despite Old Mutual underwriter iWyze saying its initial refusal was due to a valuation discrepancy, Uitenhage advocate Vuyo Jack, 56, said he was told it was because he lived in a high-risk area.
House insurance ...

More homeowners, buyers embracing 'green' features

13 Sep 2017

While the commercial sector has led the charge in terms of green building initiatives and ratings, the residential property market is now also embracing this trend.

"In addition to a desire to contribute to a healthy and sustainable natural environment, property owners are motivated by rising utility costs and scarcity of resources, as evidenced by th...

Positive economic indicators could trigger a property market turnaround

12 Sep 2017

Statistics released by Stats SA on 5 September 2017 have revealed that South Africa is officially no longer in recession. The announcement of a 2.5% annualised economic expansion during the second quarter of this year joins other positive indicators including a decrease in consumer price inflation (CPI) and a drop in the repo rate.
Positive economic indic...

When sectional title tenants cause problems

12 Sep 2017

From excessive noise, inconsiderate parking, and oil stains on paving, to satellite dishes put up in the wrong place, overcrowding at units, and barking dogs, bodies corporate have to deal with it all.

But when the occupier of a unit is a tenant, how does the body corporate deal with complaints?

Here are four key questions, along with clarifyin...

What you should know about buy-to-let

11 Sep 2017

Being a landlord can earn you a good income, but it is not for everyone. Buy-to-let property investing has enthusiastic proponents, such as Rich Dad, Poor Dad author Robert Kiyosaki, but there are also many detractors, who argue that you're better off putting your money in the stock market.

If you are serious about investing in physical property (as a...

How much rent should you pay?

08 Sep 2017

Everyone looking for an apartment to rent has a wish-list, but most prospective tenants will have to settle for the best compromise between that list and their budget.

"It's all very well to live in an upmarket building with great security in a sought-after location, and have all the space and views you wanted, but if the rent is so high that you have...

Should you rent or buy a property?

08 Sep 2017

With an investment in property being the biggest financial commitment many will ever make, it's hard to know when it's the right time to buy, or whether to rent. Two property specialists share their advice.
Should you rent or buy a property?

"When making your decision,"says Brian van Wijk who owns and actively manages multiple Just Property franchi...

Understanding the ins and outs of estate inheritance

07 Sep 2017

Taking ownership of a house is usually a joyous occasion in one's life, but sometimes this milestone comes with the death of a loved one and the inheritance of their home.

Dealing with the intricacies of such inheritances is also a trying time, especially when one is grieving.

"However, understanding your options and obligations can make the pr...

How much rent should you pay?

07 Sep 2017

Everyone looking for an apartment to rent has a wish-list, but most prospective tenants will have to settle for the best compromise between that list and their budget.

"It's all very well to live in an upmarket building with great security in a sought-after location, and have all the space and views you wanted, but if the rent is so high that you have...

Texton Property FY net property income rises 10%

06 Sep 2017

Texton Property Fund has reported a 10% rise in net property income to R440.8m in the year to end-June from a year-ago.

But the total dividend dropped 0.80% to 102.80c per share, the fund said in a statement on Monday, 4 September.

Texton, which listed on the JSE in 2011, has properties in SA and the UK, where uncertainty over Brexit has affect...

Home loan amounts increase by 4.5%

06 Sep 2017

The average approved bond size has increased by 4,5% in the past 12 months, while the average house price has increase by just 2,2%, according to the latest statistics from BetterBond.

"These figures correspond to a decline in the average percentage of purchase price being paid as a deposit in the year to end-August, from 22% to 20%," says CEO Shaun R...

Is the B&B life for me?

05 Sep 2017

For a lot of people, the idea of abandoning the rat race to open a little bed and breakfast in a picturesque part of the world sounds like an absolute dream come true. What a great way to meet new and interesting people while being paid to keep a beautiful home in a beautiful area. The realities of running a guesthouse, however, can be a little more complica...

Are millennials heading back to the 'burbs?

05 Sep 2017

According to the latest Home Buyers and Sellers Generational Trends report released by the National Association of Realtors, millennials are going back to the suburbs, and they are mostly buying pre-owned family homes with three bedrooms, two bathrooms and a garden.
Are millennials heading back to the 'burbs?

These findings are good news for the ma...

SA rental trends and prices revealed

04 Sep 2017

Increasingly low confidence levels and mounting affordability pressures amongst South Africans indicate increased demand for rental properties across the country.
Smuts says the Western Cape is the only province with a slight upward trend over the past four quarters. It is also, once again, the most expensive province to live in as it attracts the highest...

Housing unit the weak link in SA Corporate results

01 Sep 2017

SA Corporate Real Estate, the diversified owner of industrial, retail, commercial and residential buildings located primarily in the big metropolitan areas of SA, with a secondary node in Zambia, grew its dividends 4.4% in the six months to June.

The company declared a dividend of 22.38c a share from 21.44c a share for the corresponding period in 2016...

Agents applaud court debt decision

01 Sep 2017

Yesterday's Constitutional Court ruling that prospective property buyers were not liable for "historic" municipal debt for rates and services, was a victory for estate agents and property developers.

"This should teach municipalities to strengthen their rates and services revenue collection techniques," said Geoff Perkins, director of property develop...

Don't lose good tenants through high rental increases

31 Aug 2017

Landlords that insist on unreasonable residential rentals every year risk losing those tenants... and in the current economic climate good tenants are hard to replace.
Barbara rents a property. She's a good tenant, pays her rent on time, keeps the place pristine and doesn't cause any problems with her neighbours or the body corporate. She's lived at the s...

Court victory over historical municipal debt

31 Aug 2017

Property owners who have been forced to pay thousands of rand in historic debt on their newly acquired properties may soon be able to lodge claims to recoup their money.

The Constitutional Court has ruled that the Bill of Rights prohibits arbitrary deprivation of property, which would happen if municipal debts without historical limits were imposed on...

How to survive the disruption of estate agencies

30 Aug 2017

The estate agency profession is facing disruption, and for agents to survive, they need to evolve. Many factors are contributing to this disruption which is already underway.

One of the looming threats to traditional estate agencies is the rise of the online property portals, which don't just showcase properties, but have a back-end support team that ...

All that twitters is not sold

30 Aug 2017

Online real estate companies offering to sell your home for a low fixed price or a discounted commission appear to be multiplying daily - but they are actually just peddling old - and unsuccessful - concepts dressed up in new digital clothes.
Image source:

Discount and flat-fee agencies have been around for decades. We see them coming to the fore e...

How African property markets can move beyond the 'pioneering' phase

28 Aug 2017

Property pioneers have already taken the first steps in shaping Africa's urban landscapes, constructing landmark malls, hotels and office blocks that could be called iconic. This is just the start. Modern, fully functioning cities require a well-oiled system of residential, commercial and industrial development and civil infrastructure, with the real estate ...

Commercial property investment - the do's and don'ts

25 Aug 2017

Traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), says Jeremy Lang, regional general manager at Business Partners Limited, investing for growth may be more beneficial than sitting on a lump sum of cash.

Lang says that in the current economic environment, investing in property may be a viable option...

Interest rate cut on the cards

25 Aug 2017

South Africa's headline inflation eased to a 20 month low year-on-year in July, raising the prospect that the SA Reserve Bank (Sarb) could lower interest rates further in the coming months.

Figures released yesterday by Statistics South Africa (StatsSA) showed that inflation fell to 4.6 percent in July from 5.1 percent year-on-year in June on the back...

How to survive the disruption of estate agencies

24 Aug 2017

The estate agency profession is facing disruption, and for agents to survive, they need to evolve. Many factors are contributing to this disruption which is already underway.

One of the looming threats to traditional estate agencies is the rise of the online property portals, which don't just showcase properties, but have a back-end support team that ...

Commercial property investment - the do's and don'ts

24 Aug 2017

Traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), says Jeremy Lang, regional general manager at Business Partners Limited, investing for growth may be more beneficial than sitting on a lump sum of cash.

Lang says that in the current economic environment, investing in property may be a viable option...

Questions to ask when applying for a home loan

23 Aug 2017

Before banks and financial institutions are willing to approve a home loan, they will perform extensive research on the applicant's financial history, so it is important for prospective buyers to be prepared.

Adrian Goslett of RE/MAX Southern Africa says that before applying for finance, consumers need to assess their financial situation and know the ...

Think you're ready to invest in a rental property?

23 Aug 2017

So, you quite like the idea of owning a rental property and think you might be able to earn good rental returns. Yes, that might well be the case, but you need to take care, there are pitfalls.

Property is one of the most exciting investments for just about anyone. Often, in addition to owning a first home, buyers will aspire to own additional propert...

'Overpricing by sellers a self-defeating tactic'

22 Aug 2017

Some Cape Town property owners continue to overprice their properties, and certain agents sometimes accept the situation so as to get the mandate for themselves.

So says Clare Putsman of the Atlantic Seaboard agency, Cape Waterfront Estates.

"If you are serious about selling and not just "testing the waters" it will not pay you to overprice. In...

Over 2m households rent their properties

22 Aug 2017

Despite the economic stress being felt across the property sector, there are still pockets of excellence in the rental market.

So says Michelle Dickens, managing director of TPN, a property specialist credit bureau. Her research reveals "astoundingly high performance" in some areas.

"There are 2.1 million households in formal rental accommodati...

Residential property market promising despite recession

21 Aug 2017

The effects of the ratings downgrades are beginning to hit home, throwing the country into an economic recession. A significant contributor to the decline was the 2.3% fall in household expenditure, an indicator of just how much consumers are feeling the pinch. This could have a dampening effect on home selling and home buying for the rest of the year.

Conference calls for greater land ownership rights for women in Africa

21 Aug 2017

Habitat for Humanity's Solid Ground Campaign in association with the Urban CSO Cluster of the Global Land Tool Network (GLTN) of UN-Habitat hosted a conference focusing on land governance and management in Africa in Pretoria earlier this week. Influential women from across Africa shared their findings on (among other things) land policy initiatives, includin...

How South Africans feel about property in 2017

18 Aug 2017


A survey by ABSA has revealed how South Africans feel about buying, selling, investing, renting and renovating property, as well as property market conditions in general.

The economy
In the first quarter of 2017, the South African economy entered a technical recession after experiencing two consecutive quarters of negative growth. This was brou...

Things are looking up for first time home buyers

18 Aug 2017


Slow price growth and a recent decrease in the interest rate have seen more first-time buyers enter the market.

"The slight decrease in interest rates in July means that it is easier to qualify for home loans - and there may be further decreases later this year. At the same time, the rate of house price growth over the past 12 months is has been c...

Selling a vacant property

17 Aug 2017

Listing and selling a home can be a stressful time, especially if the homeowner no longer lives in the property.

What makes selling a vacant home so much more stressful? Well, the unfortunate reality is that a vacant property is a vulnerable target for vandals and the chance of the home being broken into increases.

"An unoccupied home is an eas...

Building wealth through multiple properties

17 Aug 2017

Many individuals who already own more than one property mistakenly overlook key principles of wealth creation that could potentially unlock their ability to grow their property portfolios.

The ability to build wealth through multiple properties should not be determined by how deep your pockets are, but rather identifying niches in the market and maxim...

Land audit still not completed

16 Aug 2017

The government has spent R33bn since 1994 buying land for land reform, Rural Development and Land Reform Minister Gugile Nkwinti says. In 1994, the government set a target of handing 30% of agricultural land to black recipients by 2014. A recent report by the Bureau for Food and Agricultural Policy said more than 20% (18 million hectares out of 82 million he...

When is a property sales agreement valid?

16 Aug 2017

Purchasing a property is a significant financial investment and there are a number of processes to complete before the sale can go through; from getting pre-approval for a home loan to submitting an offer to the seller, to finally signing the sales agreement.

"A valid sales agreement is binding once signed and can be used to protect either the buyer's...

Why title deeds aren't the solution to South Africa's land tenure problem

15 Aug 2017

There are a few things that a prospective buyer should know before signing an offer to purchase a sectional title unit, says Mandi Hanekom, operations manager of the sectional title finance company Propell.

A sectional title scheme consists of the following:

units or sections (which are individually owned and registered in the name of the owner...

What buyers of Sectional Title units should know

15 Aug 2017

There are a few things that a prospective buyer should know before signing an offer to purchase a sectional title unit, says Mandi Hanekom, operations manager of the sectional title finance company Propell.

A sectional title scheme consists of the following:

units or sections (which are individually owned and registered in the name of the owner...

Land scarcity leading to smaller and simpler housing

14 Aug 2017

With a shortage of land for housing and an increasing need for urban densification - in the Western Cape in particular - average erven have almost halved in size over the past 40 years.

Data has shown that in Cape Town the average full title stand is currently less than half the size it used to be.

Today's homes also have fewer luxury features ...

What agents consider when setting an asking price

11 Aug 2017

Although there is a vast amount of information available to homeowners online, there is currently no site or programme outside of the real estate profession that can accurately evaluate a property. While homeowners can draw conclusions based on the information that is available, to set the right market-related value requires specific area knowledge, an under...

Average national rental exceeds R7,000 in Q2 2017

11 Aug 2017

The recently released PayProp Rental Index, which outlines trends on a quarterly basis in the residential rental market, has reported that in the past quarter, the weighted average national rental exceeded R7,000 for the first time.

PayProp's Johette Smuts says it was announced this quarter that South Africa is in a technical recession for the first t...

When is a property sales agreement valid?

10 Aug 2017

Purchasing a property is a significant financial investment and there are a number of processes to complete before the sale can go through - from getting pre-approval for a home loan to submitting an offer to the seller, to finally signing the sales agreement.

A valid sales agreement is binding once signed and can be used to protect either the buyer's...

What agents consider when setting an asking price

10 Aug 2017

Although there is a vast amount of information available to homeowners online, there is currently no site or programme outside of the real estate profession that can accurately evaluate a property. While homeowners can draw conclusions based on the information that is available, to set the right market-related value requires specific area knowledge, an under...

SA's best performing rental suburbs

08 Aug 2017

Nine out of the top 20 suburbs that offer the highest yield in the country for rental sectional title schemes were in Pretoria, according to property specialist credit bureau TPN.

Michelle Dickens, managing director of TPN, said Philip Nel Park in the west of Pretoria had an average yield of 20.1 percent over the past five years.

"With 92.3 per...

House-price growth slows

08 Aug 2017

House price data suggests that a period of economic weakness in South Africa may re-emerge after a slightly stronger performance a few months ago.

John Loos, a household and property sector analyst at First National Bank, said it also appeared increasingly likely that 2017 would be the third consecutive year of slowing average annual house-price growt...

#SmartHomes: The number one tenant amenity today is Wi-Fi

07 Aug 2017

In today's crazy technology age, we are seeing many new developments being incorporated into the home - from smart fridges, lighting, CCTV cameras to smart TVs and mirrors. In some parts of the world, we are even seeing automation being fully integrated into the home. Residents are wanting a connected home where wireless services link every aspect of their w...

Absa to ease terms to boost mortgages

04 Aug 2017

Absa is loosening the credit taps in its mortgage business, hoping to grow its share of new home loans now that Barclays is no longer dictating its credit criteria and risk appetite.

After Barclays' sale of its majority stake in the bank, Absa Home Loans was the first business unit to approach the group's credit committee to increase its credit risk, ...

Is a recession a good time to invest in rental property?

03 Aug 2017

Residential properties that achieve good rental returns remain a desirable investment option for South African portfolios in tough economic times.

This is according to Rob Stefanutto, managing director of Dogon Group Properties, who says one only has to look at Maslow's hierarchy of needs to see that in tough economic times people can do without a new...

Home loan customers under pressure

03 Aug 2017

Home loan repayment patterns of consumers on the R900 billion in outstanding debt on mortgage loans was reflecting the financial strain consumers were experiencing.

Carel Groenum, the managing executive of Absa Home Loans, said yesterday that the percentage of customers who paid more than their required monthly instalment reduced to 16 percent in July...

Auction industry upbeat as sector benefits from shifting market trends

02 Aug 2017

The auction industry has remained relatively immune to a tumultuous year of global political shifts and the resulting lacklustre economic outlook across the world. In fact, says Joff van Reenen, lead auctioneer and director of The High Street Auction Co., the industry has benefited from shifting market trends.
High Street Auction Co. lead auctioneer and d...

Amended legislation could see landlords liable for VAT on leasehold improvements affected by tenants

02 Aug 2017

The 2017 Draft Taxation Laws Amendment Bill and Draft Tax Administration Amendment Bill, clarifying the Value Added Tax (VAT) Act treatment of leasehold improvement, were recently released for comment.
Amended legislation could see landlords liable for VAT on leasehold improvements affected by tenants

"A recent proposed amendment to the VAT Act may...

Intu shares drop 4% as rental income falls

01 Aug 2017

Intu Properties' shares dropped just more than 4% in early trade on the JSE on Thursday, 27 July, after it posted a drop in first-half rental income, and forecast zero growth in the second half.
Intu shares drop 4% as rental income falls

Intu owns some of the largest malls in the UK, which is beset with political and economic uncertainty over Brexi...

'Worst house in best street' still sound advice

01 Aug 2017

The old saying "buy the worst house on the best street and not the best house on the worst street" still rings true.

In Cape Town, this golden rule that drives property demand and values can be clearly seen, particularly in the city's top-end areas.

"Regardless of your buying motive - whether you want to secure a roof over your head or invest w...

These are some of the potential disruptors to the commercial property market

31 Jul 2017

The commercial property market has undergone some great changes in the past, says Leon Breytenbach, national manager of the Rawson Property Group's commercial division, and there could be major changes in the pipeline due to constant technological advancements.
Image source:
Image source: www.pexels.com
Breytenbach discusses potential disruptors in ...

SA's property developers and buyers under pressure

31 Jul 2017

South Africa has been downgraded to junk status by two ratings agencies, meaning that an even weaker rand, higher inflation, mounting petrol and food prices as well as interest rate hikes are on the cards. In addition, it has recently been announced that the economy has slipped into a recession, which may result in tax increases, job losses and failing busin...

'Timeshare ruined my retirement'

28 Jul 2017

The Vacation Ownership Association of Southern Africa (VOASA) has promised it would respond to claims that its members were fleecing people of their hard-earned money.

VOASA spokesperson Alex Bosch said: "Our members have made it their priority to attend meetings and timeously provide all requested documentation.

"We are looking forward to our ...

These are some of the potential disruptors to the commercial property market

28 Jul 2017

The commercial property market has undergone some great changes in the past, says Leon Breytenbach, national manager of the Rawson Property Group's commercial division, and there could be major changes in the pipeline due to constant technological advancements.

Breytenbach discusses potential disruptors in the real estate market in order to better und...

'Fake-buying' wastes agents' time

27 Jul 2017

"A new, and strange, phenomenon of 'fake buying' has emerged in the upper end of the Johannesburg homes market over the past five years, says real estate agency principal Ronald Ennik.

"And I am aware that it is also happening in Cape Town."

"It's about 'buyers' who submit offers on (mainly) big ticket homes that they simply have no intention o...

Why REITS are well placed to weather SA's economic, political volatility

27 Jul 2017

According to the South African Real Estate Investment Trust Association (SA REIT), REITs are relatively well-placed to weather the expected market instability following South Africa's downgrade to junk status and the "ongoing political tomfoolery".

In spite of the uncertainty created by the current environment, REITs are forecast to post total returns...

Timeshare inquiry told of tricks and traps

26 Jul 2017

Consumers locked into contracts "for life", unable to sell timeshare points or give them away to escape spiralling levy costs, and others who alleged exploitation by unscrupulous salesmen, presented their cases to the National Consumer Commission in Durban yesterday.

The NCC is conducting a two-day public inquiry as part of a national inquiry in a bid...

How to become a landlord

26 Jul 2017

The increased mobility of South Africans in the current economic environment means more owners are renting out their properties.

"More homeowners are relocating within South Africa in search of work, or taking up offshore contracts," says Greg Harris, chief executive of Chas Everitt Property Rentals. "We expect this trend to accelerate as South Africa...

Timeshare inquiry told of tricks and traps

25 Jul 2017

Consumers locked into contracts "for life", unable to sell timeshare points or give them away to escape spiralling levy costs, and others who alleged exploitation by unscrupulous salesmen, presented their cases to the National Consumer Commission in Durban yesterday.

The NCC is conducting a two-day public inquiry as part of a national inquiry in a bid...

SA's property developers and buyers under pressure

25 Jul 2017

South Africa has been downgraded to junk status by two ratings agencies, meaning that an even weaker rand, higher inflation, mounting petrol and food prices as well as interest rate hikes are on the cards. In addition, it has recently been announced that the economy has slipped into a recession, which may result in tax increases, job losses and failing busin...

Property sector welcomes rate cut, calls for leadership to 'get its house in order'

24 Jul 2017

South African Reserve Bank governor Lesetja Kganyago, on Thursday, 20 July, announced the bank's decision to reduce the repo rate by 25 basis points, cutting the repo rate from 7% to 6.75%. The unexpected 0.25% rate cut has been welcomed by the property sector.
Property sector welcomes rate cut, calls for leadership to 'get its house in order'

Said...

Interest rate drop a relief for property owners

24 Jul 2017

On the advice of the Monetary Policy Committee (MPC), the Reserve Bank decided this week to lower the repo rate by 25 basis points to 6,75%, which takes the prime lending rate and the variable mortgage rate from 10,5% to 10,25%.

This decrease, announced by Bank Governor Lesetja Kganyago, follows a steady decrease in the rate of inflation to 5,1% in Ju...

Sectional title misunderstandings can cause problems

21 Jul 2017

Sectional title owners are often misinformed about where their responsibilities end and those of the body corporate start.

To understand the situation facing most sectional title owners, it is necessary, says Alexander, to realize that there are three types of sectional title property ownership. These are:

1. Full ownership of a sectional tit...

The complexity of selling a sectional title property

20 Jul 2017

It's a natural assumption that selling a sectional title property will be easier than having bought it, but this is not necessarily the case.

Selling a sectional title apartment has its own unique set of complex requirements, says Sandy Geffen of Lew Geffen Sotheby's International Realty.

"Selling an apartment or townhouse is different to sell...

Why you need customer experience management

19 Jul 2017

Customer experience management (CEM) utilises user experience, customer satisfaction and value-add and will be the next 'big thing' for businesses looking to exploit multiple channels of communication that link the customer.

Bernice Houston, sales and marketing manager at CRS Technologies, says, "While CEM is a relatively new concept in South Africa's...

Innovation needed in SA shopping centres to drive tenant retention

19 Jul 2017

With big box retailers closing down and leaving vacancies in their wake, some shopping centres across South Africa are starting to feel the pinch. According to Broll Property Group, however, these vacancies provide an opportunity for landlords to revitalise and improve a centre's tenant-mix, thereby giving the centre a new lease on life.

This can resu...

Smoking and braaiing in Sectional Title schemes

18 Jul 2017

Living in close proximity to neighbours, which is what sectional title living often is, can sometimes bring situations to the fore that might seem trivial to some, but might affect some more seriously than others think.

An example of those contentious issues where there are two very opposing factions are smokers vs non-smokers and those who like to br...

How to generate income from your home

17 Jul 2017

South Africa's current economic downturn has many homeowners eyeing their mortgage repayments with some trepidation. Making ends meet, however, could quite literally be right under our feet, says Tony Clarke, MD of the Rawson Property Group.
How to generate income from your home

"The options for generating income from your home have increased drama...

Legal aspects of renting out a property should be incorporated into lease

17 Jul 2017

While many landlords use a "standard lease" when signing a rental agreement with their tenants, it should be noted that there are various legal aspects of renting out a property that might not be included in such a lease, says Michael Bauer, managing director of estate agency SAProperty.com.
Legal aspects of renting out a property should be incorporated i...

Sectional title schemes ruled by two sets of rules

14 Jul 2017

Sectional title schemes are governed by two main sets of rules, management rules and conduct rules, which are used in conjunction with each other.

The management rules cover the way in which the sectional title scheme is run and deals with the appointment of trustees, how to run meetings, voting at these meetings, elections, duties of the trustees, an...

Common property infringements in sectional title schemes

14 Jul 2017

Sectional title property owners and tenants often do not know the regulations regarding uses of sections and common property.

It is up to the body corporate to ensure that any infringements are dealt with timeously, says Michael Bauer, general manager of property management company IHFM.

Regulation 30 (a) and (b), states clearly that the commo...

Desperate timesharers speak up

13 Jul 2017

Vacation club horror stories were heard on the first day of the National Consumer Commission's inquiry into the industry, prompting panel chairperson Diane Terblanche to say she felt "saddened".

Terblanche was touched by a consumer's story of his desperation to get out of a vacation ownership contract which he only used three times in 11 years.

Occupational rent and your rights

13 Jul 2017

The payment of occupational rent is a standard clause in almost every property sales contract, and yet it is also one of the more common causes of contention between buyers and sellers.

Confusion abounds over who is responsible for what, and when these payments should come into play, and disagreements over the details can and have caused many a sale t...

'Trustees should be seen and heard'

12 Jul 2017

Good trustees are the key to the smooth running of Sectional Title schemes, but many owners in these schemes don't actually know what their trustees do, how to communicate with them or even who they are.

"It is unfortunate but many people who buy Sectional Title homes don't show much interest in the management of their schemes unless things start go w...

Common property infringements in sectional title schemes

12 Jul 2017

Sectional title property owners and tenants often do not know the regulations regarding uses of sections and common property.

It is up to the body corporate to ensure that any infringements are dealt with timeously, says Michael Bauer, general manager of property management company IHFM.

Regulation 30 (a) and (b), states clearly that the commo...

Should South Africans still be investing in property during the recession?

11 Jul 2017

Following the announcement in June that South Africa has slipped into recession, many homeowners and prospective homeowners are filled with uncertainty. Will house prices tank? Will homeowners slip into negative equity? Should buying plans be put on hold? Crispin Inglis, CEO of PropertyFox, says there is no 'one-size-fits all' answer because so much depends ...

These are the questions to ask when buying property

11 Jul 2017

When it comes to buying property, there are many questions purchasers have that come up time and time again, as well as some questions that might not come up, but should. If you're looking to get into the property market, you might consider the following questions that need to be asked and answered. Answering these will make your decision easier and ultimate...

Greater clarity needed on exclusive lease agreements in grocery retail sector

10 Jul 2017

The Grocery Retail Market Inquiry (GRMI) is a crucial step towards finding much-needed clarity on the ongoing problems with long-term exclusive lease agreement provisions between landlords and supermarkets.

The current standing of exclusive lease provisions is unclear. All those involved - landlords, supermarkets, competitors and the public - would b...

How to avoid loss of income through damages, lack of payment

10 Jul 2017

damage to a property or owe money to the landlord. This is why many landlords will not rent to tenants who do not meet all their qualifying criteria, says Michael Bauer, MD of estate agency SAProperty.com.
How to avoid loss of income through damages, lack of payment

If there is a lot of damage to the property or unpaid utility bills or rent, the la...

Property Code now binding

07 Jul 2017

Trade and industry minister, Rob Davies, said yesterday that the Amended Property Sector Code had become binding on entities and organisations operating in the property sector.

Davies approved the gazetting of the Amended Property Sector Code in terms of Section 9 of the Broad-based Black Economic Empowerment Act on June 28. The Code was gazetted for ...

Renovations need permission in Sectional Title schemes

07 Jul 2017

There are often cases, particularly in older sectional title blocks, where units will need modernising or upgrading in some way or another. This will usually be addressed when a unit is sold and the buyer decides to make changes to suit his own tastes and living requirements.

What all sectional title owners must realise (and often don't) is that permi...

Fixed-interest rates not always viable fix

05 Jul 2017

With the South African economy reeling partly from the aftershocks of a surprise cabinet reshuffle earlier this year, homeowners are "understandably concerned about the effect the devaluing rand will have on bond interest rates", says Marc Hendricks, regional manager for Rawson Finance in the Western Cape.

The prime lending rate, steady at 10.50% sinc...

'Unrealistic expectations can sour relations with agents'

05 Jul 2017

Only 16% of people selling their properties trusted their estate agents, according to a Homeowner Insights study conducted by Absa and Columinate.

A possible reason for this statistic is a lack of realistic expectations set out from the beginning of the homeowner's interaction with the estate agent, says Adrian Goslett of RE/MAX of Southern Africa.

Should property be considered an asset or expense?

04 Jul 2017

At first glance, the question seems to be simple to answer - of course, property is an asset. However, there is more to it than initially meets the eye.
Should property be considered an asset or expense? When looking at a primary residence, the home being an asset will be determined by whether the value of the property is appreciating or depreciating. The...

Amended property sector code is now legally binding

04 Jul 2017

The Amended Property Sector Code, which was gazetted for public commentary towards the end of 2015, is now legally binding to entities and organisations operating in the property sector, says Trade and Industry Minister Rob Davies.

The Amended Property Sector Code is applicable to commercial activities in the residential and commercial industries of t...

Greater private sector support needed for transformation in property sector

03 Jul 2017

The latest Property Sector Market Size report by the Property Sector Charter Council shows that the sector in South Africa is estimated to be valued at R5.8tn. Within the sector, fewer than 10% of real estate investment trusts (REITs) are black originated funds.
Greater private sector support needed for transformation in property sector

According t...

Constitutional Court to review whose duty is it to disclose historical municipal debt

03 Jul 2017

The Constitutional Court is reviewing whose duty it is to disclose historical municipal debt and whether municipalities have the right of recourse on new purchasers.

Several municipalities (Tshwane, Ethekwini and Ekurhuleni) have argued in the Constitutional Court in the 'New Ventures' matter that it is lawfully permissible for a municipality to attac...

Property market in decline

30 Jun 2017

While South Africa is currently in a recession, the property market has been on the decline for a number of years, say property economists.

John Loos, FNB property economist, said FNB's May year-on-year house price index showed a growth of 4.7%. He said the single-digit growth in house prices was of concern as it was below inflation and would mean tha...

New law to regulate property practitioners

30 Jun 2017

A new proposed Property Practitioners Bill is set to replace the current Estate Agency Affairs Act.

It will include amendments to pass stricter regulations on stakeholders in the property industry and seek to ensure a more inclusive and representative sector.

Schoemanlaw associate attorney Arinda Truter said specific changes included stricter r...

Tips for investing in student accommodation

28 Jun 2017

Student apartments can be a great option for property investors, says Andrew Schaefer, MD of national property management company Trafalgar, but only if they know which apartments to choose and how to manage their tenants.

"While off-campus student accommodation is a growing sector all over the world, and proving to be a lucrative pick for many invest...

Taxing income on the sale of properties

28 Jun 2017

When does income accrue to a taxpayer from the sale of immovable properties in the course of its trade? This question was recently addressed by the Tax Court in M v the Commissioner for SARS. In 2013, the taxpayer, in the course of its trade, entered into 25 agreements for the sale of properties. Although the agreements were concluded in the taxpayer's 2013 ...

Public hearings on property sector bills to be held

27 Jun 2017

Officials from the Department of Human Settlements will this week visit the Eastern Cape, KwaZulu-Natal and the Western Cape for public hearings on the Property Practitioners Bill and the Home Loan and Mortgage Disclosure Amendment Bill.
Public hearings on property sector bills to be held

The two Bills are aimed at transforming the property and rea...

It's time to take affordable housing in SA to the next level

27 Jun 2017

There can be no arguing against the fact that the provision of affordable housing is a vital component of the social transformation and empowerment efforts of local and national governments across South Africa. But, while much admirable work is being done to put roofs over the heads of increasing numbers of South Africans, true redress in the area of human s...

Listing photos - make sure they are good

26 Jun 2017

According to research, most buyers will start looking for property online before they go to any other source. What this means is that the first impression buyers will have of a home is its online listing photo.

Adrian Goslett of REMAX says that this shows the importance of using listings photos that highlight the home's top features to entice buyers t...

The gap widens between asking price and selling price

26 Jun 2017

The differential between the listing price and selling price of homes in the current market can be as much as 30%.

"There seems to be a large disparity between what sellers think their home is worth and what buyers in the current market are prepared to pay for homes, says Cameron Jansen of RE/MAX Central.

Buyers are aware that market conditions...

HOA space registrations should be checked carefully

23 Jun 2017

In typical Homeowners' Associations the various areas such as roads, the entrance and parks or green spaces within the development are split into categories: public open spaces or private open spaces and these various areas are often remain registered in the developer's name and are not transferred with the first transfer when the scheme is established.
<...

EAAB protects against unscrupulous agent behaviour

22 Jun 2017

According to a Homeowner Insights study conducted by Absa and Columinate in 2016, only 16% of people selling their properties trusted their estate agents.

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that a possible reason for this statistic is that there is a lack of proper expectations that are being set out from the ...

Listed residential funds address affordable housing backlog - bank

22 Jun 2017

Cape Town - Standard Bank believes that South Africa has an opportunity to re-invigorate its affordable residential build sector through the establishment of listed residential funds.

Listed funds attract capital based on their ability to deliver returns through rental income. Developers of residential real estate targeting the R3 500 to R7 500 per mo...

'Cut your price ' and get the jump on other sellers'

21 Jun 2017

Just about everyone knows now what happens when a home for sale is overpriced - but no-one wants to think that it could happen to them.

"However," says David Jacobs, northern regions manager for the Rawson Property Group, "the latest statistics from FNB would indicate that at least eight out of 10 home sellers are at risk - unless they are brave enoug...

Property - Asset or expense?

21 Jun 2017

Is property an asset or expense? At first glance, the question seems to be simple to answer, of course, property is an asset. However, there is more to it than initially meets the eye.

When looking at a primary residence, the home being an asset will be determined by whether the value of the property is appreciating or depreciating, says Adrian Goslet...

Demand exceeds supply in rental market

20 Jun 2017

Vacancies in the residential property market increased to 6.62 percent in the fourth quarter of last year from 6.53 percent in the previous quarter, despite demand for rental properties still exceeding supply.

However, TPN credit bureau said it was interesting that vacancies declined to 3.02 percent in the below R3 000 a month rental price band and to...

Home buying expected to take turn for worse

20 Jun 2017

South Africa's credit rating downgrade and the current economic downturn and the current economic downturn is slowly starting to impact the country's property market, with house price growth and levels of home buying expected to soon take a turn for the worse.

At present the property market is continuing to perform as normal, but financial professiona...

Property fraud on the rise

19 Jun 2017

Property fraud is on the rise and buyers and sellers should be extra vigilant

There are different types of property fraud taking place, says Chris Tyson, CEO of Tyson Properties.

A property owner wanting to sell his property may learn an imposter obtained his signature for what he thought was a bank loan, only to find out that the imposter sold...

'Recession will push property prices down'

19 Jun 2017

With the economy officially in recession, homeowners and buyers need to get serious about preventing negative equity. This is when the value of a property is less than the amount of mortgage still unpaid.

"The best way to do that is for homeowners to keep putting whatever spare cash they may have, into their home loan accounts, and for buyers to put d...

Understanding rental deposits

15 Jun 2017

One of the most common areas of conflict between letting agents and tenants is around the refund of the tenant's deposit.

A particular area of concern is the time it takes the agent or landlord to pay back the deposit, as many tenants want to use these funds for a deposit for their new rental.

"Fortunately, this conflict is easily avoided by ca...

Property buyers value lifestyle over value-growth prospects

15 Jun 2017

Location, price and security are generally the "big three" for homebuyers, and that will no doubt continue to be the case, but the definition of what makes a great location appears to be changing, says Shaun Rademeyer of BetterLife Home Loans.

"The focus used to be on potential investment returns, and buyers would scramble to buy in areas which had pr...

Understanding restrictive conditions in title deeds

14 Jun 2017

Restrictive conditions can cause major headaches if buyers have not familiarised themselves with the conditions listed in the title deed, before purchasing their new home.

What can and cannot be done to a property is determined by a number of factors: common or statutory law, town plans which designate sites for residential property, commercial and th...

Commercial lease deposits - what's in the fine print?

14 Jun 2017

As with the rental of residential property, so a tenant is required to pay the landlord a deposit before taking occupation of any commercial premises. "This deposit is kept by the landlord to serve as security during the period of the lease," says Leon Breytenbach, national manager of the Rawson Property Group's commercial division. It is kept in the event t...

Understanding the pros and cons of homeowners' associations

13 Jun 2017

As a homeowner in an estate or boomed-off area, a buyer may be required to join a homeowners' association (HOA), which means adhering to numerous rules and regulations stipulated by the HOA.
Understanding the pros and cons of homeowners' associationsWith security a factor that is influencing home-buying decisions in South Africa, many are choosing to purc...

Estate agencies no longer have database of 'ready buyers'

13 Jun 2017

With the advent of the Internet and the reluctance of sellers to have show days for safety reason, the residential property market has changed and estate agencies can no longer claim to have a database of 'ready buyers' that differs significantly to that of their competitors.
Estate agencies no longer have database of 'ready buyers'

Matthew Alberts...

Older property buyers using equity to increase purchasing power

07 Jun 2017

According to the latest statistics from BetterLife Home Loans, buyers over 50 are currently paying about twice as much for their homes on average, as buyers under 30, but only about 30% more on their monthly bond repayments.
Older property buyers using equity to increase purchasing powerThe BetterLife Home Loans statistics represent 25% of all residential...

Commercial tenant payments set to deteriorate

07 Jun 2017

The performance of commercial property tenants could deteriorate further before improving, according to credit bureau Tenant Profile Network (TPN).

Although the economy should improve mildly in the near term, there could still be a lagged negative impact on the performance of commercial tenants, because of five years of broad economic stagnation, TPN ...

Four ways to optimise the benefits of BAS 'openness'

06 Jun 2017

Facility managers and building owners are looking to obtain greater control and create greater efficiency in their buildings. In South Africa, large organisations are just beginning to realise the advantages that open building automation systems (BAS) can offer. The benefits are enormous but there are also challenges.

So, what exactly is an open BAS a...

The age of information is a real estate opportunity

06 Jun 2017

Modern times are evolving so rapidly that businesses and individuals alike are having to continuously analyse their practices and strategies to ensure they stay ahead of the game.

This is especially applicable to the real estate industry which has seen an array of local and international factors influence how everyday business is conducted.

For...

Critical new legislation for property industry

05 Jun 2017

When it comes into effect, the Property Practitioners Draft Bill will replace the Estate Agency Affairs Act of 1976.

"This bill is part of government's response to the changing market conditions, and it seeks to create an enabling environment to enhance economic activity within the real estate sector. It will also help open up market opportunities for...

'Densification not all bad'

05 Jun 2017

Your heart may sink when you realise the grand old house next door - that once accommodated a single family - is being torn down to provide six new units in a security estate, with six times the number of people and cars coming and going.

But densification is not necessarily something to be feared, say agents.

"This is particularly true when on...

Are banks red-lining certain areas due to safety concerns?

02 Jun 2017

According to Hendrik Pieterse, manager of Leapfrog Property Group Eerste River, some banks are declining home loans in certain areas where others would grant a mortgage, based on safety concerns. This practice has become known as red-lining, and Pieterse believes it is keeping the young and the poor out of the property market.

Red-lining is based on a...

The future is now for smart homes

02 Jun 2017

The rising trend that's seeing people opt for virtual offices or changing working hours to save on travel time and increase productivity has resulted in greater demand from home-seekers for additional space for a home office or an additional room which can be converted into office space. This is according to Craig Hutchison, CEO of Engel & Velkers Southern A...

'Mess could be hiding a housing gem'

01 Jun 2017

The mess and clutter which will quickly drive most potential buyers from a show home could just be hiding a real housing gem.

Despite the advice of estate agents, many homes still go on show when they are really not at their best, says Gerhard Kotze of RealNet.

"This is most likely to occur in a forced sale, where the owner has died suddenly, f...

'Don't panic if your landlord goes broke'

01 Jun 2017

Landlords as well as homeowners could find themselves in financial trouble in the next few months as a result of SA's worsening economic picture, and tenants need to know what their position would be in such circumstances.

So says Greg Harris of Chas Everitt Property Rentals, who notes: "There are three things they need to note in particular, the firs...

The future is now for smart homes

31 May 2017

The rising trend that's seeing people opt for virtual offices or changing working hours to save on travel time and increase productivity has resulted in greater demand from home-seekers for additional space for a home office or an additional room which can be converted into office space. This is according to Craig Hutchison, CEO of Engel & Velkers Southern A...

Bid to end banks' 'unfair' rejection of applications

31 May 2017

The Home Loan and Mortgage Disclosure Amendment Bill seeks to amend the Home Loan and Mortgage Disclosures Act of 2000.

The bill addresses human settlements challenges identified in the National Development Plan. This includes dysfunctional settlement patterns across the country; challenges facing towns and cities; weak spatial planning; and governanc...

Levy arrears can delay property sales

30 May 2017

When selling a unit in a sectional title scheme of which the levies are in arrears, the body corporate may withhold a levy clearance certificate until the full amount is paid.

This is stipulated in section 15B(3)(a)(i)(aa) of the Sectional Titles Act 95 of 1986 ("the STA") and is the "power card" to force the person in arrears to pay his debt."

Flat repo rate, lower inflation welcomed as economic challenges mount

30 May 2017

The Monetary Policy Committee of the South African Reserve Bank announced on Thursday, 25 May, that the repo rate is to remain at 7% (home loan base rate of 10.5%).

We expected this decision given that there has been no further economic upheaval since the Cabinet reshuffle and change of the finance minister at the end of March. Although the rand remai...

Safety while showing property

29 May 2017

Sounds of the door shuffling on its hinges echo through the house. You look around but see no one, just shadows. As panic washes over you the first thoughts that run through your head are run, get out as fast as you can. Are you safe?

Irrespective of whether you are a real estate agent, seller or potential buyer, this scenario can be very uncomfortabl...

Rental deposit rules demystified

29 May 2017

The rules for handling rental deposits are very clearly outlined in the Rental Housing Act, and yet certain misconceptions still abound amongst landlords and tenants.

Jacquie Savage, the Rawson Property Group's National Rentals Business Development Manager, sheds light on a few of the most common questions people have about deposits, during and after ...

Tough times give rise to rent dodgers

26 May 2017

More residential tenants are failing to pay their rent on time, highlighting the economic pressure on the South African consumer, say experts.

Despite this, private and listed real estate companies are buying properties to let. Experts say there is huge demand for affordable rental housing and entry-level housing for the middle class.

The TPN C...

Smaller properties consistently performs better

26 May 2017

There's good news for investors disheartened by property prices in South Africa. Smaller and more affordable properties are almost invariably the highest performers.

The latest statistics released by FNB show affordable properties in major metros are appreciating more than twice as fast as their high-end counterparts - a trend likely to continue as po...

Standard Bank House Price Index overview for April 2017

25 May 2017

Growth in the Standard Bank House Price Index keeps slowing. The median price of a house applied for and financed by Standard Bank was R923,000 in April, up 4.5% y/y and slightly slower than 4.6% y/y growth in March 2017 (revised up from 4.3% y/y). On a m/m basis, HPI contracted by 1.03% in April. With 6.1% y/y CPI inflation in March, real house price growth...

Deteriorating rental payments hurts landlords

25 May 2017

The percentage of residential tenants who paid their rental on time has deteriorated by six percentage points to 66.08 percent in the first quarter of this year from 72.52 percent in the third quarter of 2015.

The city centre of Cape Town. Timeous rental payment has declined countrywide by 6 percentage points.

The latest residential rental quar...

Gap market mortgages for buyers

24 May 2017

Public servants who are in the gap market are expected to start streaming through the doors of the new Human Settlements Development Bank in October to seek mortgages.

The gap market comprises people who earn too much to get RDP houses, but too little to qualify for mortgages at the banks.

The bank's chief executive, Samson Moraba, says the ban...

How difficult is it to get a bond after 45?

24 May 2017

South Africa's National Credit Act stipulates that you cannot be discriminated against when applying for finance on the grounds of age, (among other things), but the borrower must pass an affordability test.

This means the person's risk profile is the biggest determining factor when banks consider applications from older borrowers.

"What we are...

Property sector under pressure due to low levels of confidence

23 May 2017

Low business and consumer confidence are placing the property sector under pressure.

Construction activity is concentrated in upper-market business hubs, as the rising costs of building prompts property developers to scale down or concentrate on projects abroad.

The value of recorded building plans passed in SA was down 8.5% (down R2.19bn) in t...

Understanding the role of the Rental Housing Tribunal

23 May 2017

Established during 2001, the Rental Housing Tribunal (RHT) assists in resolving disputes that arise between landlords and tenants. Made up of members with housing management, development and rental housing experience, who have been appointed by the provincial minister of housing, the RHT is also tasked with implementing the Rental Housing Act.

The pri...

Get approval before building

19 May 2017

Property owners need to ensure that the correct procedures are followed before they start building.

Moving ahead with a building project without adhering to the necessary protocols will only make the process far more complicated and costly, says Adrian Gosleet of RE/MAX.

"Anyone who wants to undertake a construction project that does not fall u...

Property sellers must budget for advance municipal rates payments

19 May 2017

Apart from the cost of inspections and obtaining various certificates, property sellers also need to budget to pay municipal rates and taxes in advance.

This is to cover costs while their property transfer is being completed.

Normally transfer takes about three months, which is the amount most municipalities will charge up front, before issuing...

Smaller properties yield great investments

18 May 2017

Prospective investors disheartened by the price of properties in South Africa at present may be interested to learn that smaller and more affordable properties are almost invariably the highest performers. In fact, the latest statistics released by FNB show that affordable properties in major metros are appreciating more than twice as fast as their high-end ...

Key aspects and features that sell homes

18 May 2017

The appearance of a property can greatly influence the speed and the final price achieved in sale.
Key aspects and features that sell homesSandy Geffen, executive director of Sotheby's International Realty South Africa, says: "Historically we have progressed from basic caves and simple huts through ornate castles to high rise living, and nowadays it's pos...

What constitutes a breach of contract when buying a property

17 May 2017

Immovable property transfers are governed by South African legislation (the Land Alienation Act soon to be replaced by the Property Transactions Bill) to protect all the parties involved.

When a transfer of a property is to take place, it is through the Offer to Purchase (OTP) (or Sale Agreement), which has to be in writing, that all the conditions of...

How to determine an asking price for your property

17 May 2017

With a mass of information at their fingertips, buyers who are seriously looking at properties to purchase will soon become very knowledgeable about what they can get within their price range.

For this reason, it is ever more important that sellers set the correct asking price when placing their home on the market, says Adrian Goslett of RE/MAX.

Make sure your estate has a rental management policy

16 May 2017

If you are buying a property in an estate or a cluster home complex, ensure the homeowners' association has a formal policy covering the letting of homes in the development as well as the obligations of the owners who decide to become landlords.

This is to protect property values in these developments, says Gerhard Kotze of RealNet.

"Most tenan...

Landlords need help to avoid 'iceberg of consumer debt

16 May 2017

Like most other consumers in SA, residential tenants are under considerable financial pressure at the moment, and battling to meet all their commitments.

And the longer this situation continues, the more likely it becomes that there will be an increase in rental defaults, says Greg Harris of Chas Everitt Property Rentals.

"At the moment, landlo...

Property purchases: what constitutes a breach of contract

09 May 2017

When a transfer of a property is to take place, it is through the offer to purchase (OTP) (or sale agreement), which has to be in writing that all the conditions of the sale are named and made binding.
Property purchases: what constitutes a breach of contract

This is according to Nelio Mendes, marketing manager of estate agency SAProperty.com, who ...

Your property could pose a problem on your death

09 May 2017

Even with everything in place, heirs need to know that concluding an estate can be a lengthy process.

Your home is probably the biggest financial asset you will possess, but what happens to that home when you die? It largely depends on whether you made out a will or not.

"Finalising a deceased estate is a fairly complex process, one which is ma...

Should you still be investing in property?

08 May 2017

The country's economic climate and downgrade to junk status has many people concerned for their financial well-being, particularly those who hold major investments.

Prospective buyers are among those re-evaluating their positions because, although property professionals maintain "the best time to buy is when everyone else is afraid to", there are genu...

Dealing with damage at a rental property

08 May 2017

It's interesting how model rental property tenants often morph into nightmare tenants when they move out. Sadly, the combination of damage left to the property with unpaid utility bills and rent is often enough to completely wipe out any returns the owner might have hoped to make for the year.

PayProp CEO Louw Liebenberg says that most damage cases ar...

Dealing with blacklistings

05 May 2017

If a prospective homeowner has not kept up to date with their credit bureau reports, they may be in for a surprise when they apply for finance.

A large number of potential buyers are referred by their estate agents to attorneys if they have a blacklisting against their name that is preventing them from obtaining a bond, says Adrian Goslett of RE/MAX.<...

Is switching your homeloan worthwhile?

05 May 2017

During the property boom years of 2006 and 2007, switching home loans from one bank to another was a fairly common practice among homeowners in South Africa.

However, this has diminished over the years and as banks tightened their lending criteria, it was not as easy for homeowners to switch and the trend lost some traction in the years that followed ...

Purchasing a rented home

04 May 2017

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now?
Purchasing a rented home

Because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell.

The...

Tax tips for landlords

04 May 2017

Owning a rental property portfolio that provides an income is much like owning a business, and as such there are tax implications and dues that need to be paid to the South Africa Revenue Service.
Landlords are required to declare the total amount of rental income received as gross income and they will be taxed at the marginal income tax rate, applying to...

Redefine frugal after buying portfolio

03 May 2017

Redefine International, the Western-European focused real estate investment trust, says it is holding on to its cash and bedding down its German shopping acquisition before plunging back into a competitive retail market.
Redefine frugal after buying portfolio

The group also adjusted its dividend policy in the six months to February, cutting its pay...

Sectional titles: role of body corporate explained

03 May 2017

In the past 10 years, the number of sectional title schemes in SA has risen exponentially, and the latest figures show that there are currently well over 700,000 sectional title homes in the country, estimated to house more than 6-million people.
Sectional titles: role of body corporate explained

What is more, property data company Lightstone puts ...

Property buyers eye fast internet

26 Apr 2017

Fibre-optic internet connectivity, with its lightning fast speed and reliability, is the new technological hype in the country, and is also becoming an expectation of property buyers.

Such is the demand - among business people, students, and even just families - most new property developments are being built with fibre installations.

There are ...

Purchasing a rented property

26 Apr 2017

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now?

Adrian Goslett of RE/MAX says that because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell.
...

Selecting a commercial investment property

25 Apr 2017

Selecting a specific asset class in which to invest can be an overwhelming task for a new or first-time commercial property investor.
Selecting a commercial investment property

Breaking down the decision into its simplest components and assessing the options from an educated vantage point is the key to getting started, says Leon Breytenbach, nation...

Do you know what your property is worth?

24 Apr 2017

It's a great irony in the property business: having bought a dream home, and invested more in it than in any other asset we own, more than any asset we're ever likely to own, we don't really know our property's value.
Do you know what your property is worth?

Often, we don't realise this. After all, most of us are working off a bond, so we can give ...

How to avoid being turned down for a home loan

24 Apr 2017

When you apply for a home loan, lenders will look at many factors before deciding whether to approve your application or not - and if you don't "pass the test" for any one of these they are quite likely to turn you down.

"This is why it is so important for prospective borrowers to make sure their finances and credit records are all in order before the...

Junk status 'could boost buy-to-let sales'

19 Apr 2017

Two property markets should gain momentum in the aftermath of South Africa's downgrading to junk status: the rental market and the Western Cape property market with semigration likely to continue unabated.

While the effects of the downgrade are likely to be felt only next year, the psychological impact could see South Africans being extra cautious whe...

How to become a property investor - the fundamentals

19 Apr 2017

Neale Petersen, founder and publisher of Real Estate Investor Magazine, kicked things off at the recently launched Property Buyer Show. The

Financial freedom

Property is the way to go if you want to achieve financial freedom, said Petersen, but it's a long-term game. What makes it such a compelling sector is that everyone has to live somewhere...

What to look for when investing in property

18 Apr 2017

Sandra Gordon, head of Pam Golding Properties Research, provided advice at the inaugural Property Buyer Show on what to look for when investing in property.
You have to do your homework, she said, in order to identify the areas of the market that are performing well. You can't base your investment decisions on oversimplified data as the South African prop...

How to protect your property investment, keep it profitable

18 Apr 2017

New or first-time commercial property owners should take precaution against certain situations in order to keep their investments safe and profitable. This is according to Leon Breytenbach, national manager of the Rawson Property Group's commercial division, who advises a little advance planning to avoid or minimise such problems.

Unplanned vacancies<...

How to become a property investor - the fundamentals

12 Apr 2017

Neale Petersen, founder and publisher of Real Estate Investor Magazine, kicked things off at the recently launched Property Buyer Show. The
Petersen, who's been involved in the property game for over 25 years, discussed the required mindset to becoming a property investor. He was part of the Property Investor Theatre Programme lineup.

Financial fr...

The process of rezoning or subdividing

12 Apr 2017

Homeowners who are looking to rezone their property for business use or subdivide to sell a portion of their land may be in for a longer ride than they initially expected.
The process of rezoning or subdividing

Whether applying to rezone or subdivide a property, the application will need to follow a number of procedures before it is considered, whi...

New bill gives property buyers more protection

11 Apr 2017

A bill governing estate agents and other property practitioners has been gazetted by Parliament, and if passed, will finally give consumers an added level of protection against illegal and unscrupulous agents.

The Property Practitioners Bill, published on March 31, aims to replace the Estate Agency Affairs Act and has been welcomed by industry profess...

Property market faces 'grim' period but 'it's not all doom and gloom'

11 Apr 2017

South Africa's downgrading to junk status has sounded warning bells for the South African economy, and property owners as well as buyers are considering its implications.

Its major effect on consumers in general is that interest rates will inevitably rise, says Erwin Rode, CEO of Rode and Associates.

"And if they do not rise sufficiently, infla...

Accurate property valuation key to speedy, successful sale

29 Mar 2017

The highest appraisal is not necessarily the best appraisal; the valuation of a property is one of the key factors in determining how long it remains on the market and for a seller it's crucial that an accurate, market-related price be ascribed to a home.
House in the Hen and Chicken Estate in Cape Town's southern suburbs.
House in the Hen and Chicken ...

Commission cutting is not the answer in a market downturn

29 Mar 2017

Estate agent commission cutting on home sales, which was rampant during the 2008 economic downturn, is making a re-appearance in the current residential property market downturn.
Commission cutting is not the answer in a market downturn

It is a path that existing and potential home sellers with best-price aspirations should either walk with care, o...

What's the big deal with rental inspections?

28 Mar 2017

Incoming and outgoing inspections are required by law under the Rental Housing Act. Despite this, many people consider inspections to be a formality at most. Jacqui Savage, the Rawson Property Group's national rentals development manager, explains why this can be a very dangerous stance to take.
What's the big deal with rental inspections?

"The inc...

What happens to a home when the owner passes away?

28 Mar 2017

The answer depends on whether the owner had a will or not says Bruce Swain, MD of Leapfrog Property Group.
What happens to a home when the owner passes away?

"Finalising the estate of a deceased relative is a fairly complex process, one which is made infinitely more costly and time consuming if said family member died intestate (without a valid wil...

Ban on direct land-owning by foreigners

22 Mar 2017

The SA government has proposed a new law banning foreigners from directly buying agricultural land in South Africa.

Non-residents will be allowed to take long leases on the properties, or the land should be majority-owned by a black South African, according to the Regulation of Agricultural Land Holdings Bill, published in the Government Gazette on Fr...

FNB reports mild rise in secondary home buys

22 Mar 2017

There has been a mild improvement in the buying of secondary homes, such as holiday homes, homes for use by a relative and buy-to-let homes, in line with signs of an improved economic environment.

FNB reported that the estimated percentage of secondary home buying had risen to 14.47 percent by the first quarter of this year after slumping to a low of ...

Unpacking new property legislation

20 Mar 2017

With a few significant changes on the cards for the South African property sector in 2017, Just Property recently caught up with Cor Van Deventer of Greyvensteins to ask him for some of his insights on the Expropriation Bill and the Protection of Investment Act.
Unpacking new property legislation

The Expropriation Bill

"The Expropriation Bil...

Understanding fair wear, tear in commercial rental agreements

20 Mar 2017

Commonly used in commercial rental agreements, fair wear and tear is a phrase essential to understand in the context of a commercial lease.
Understanding fair wear, tear in commercial rental agreements

"Perhaps the most helpful thing to understand is how this term is defined and its distinction to the damage of a property," says Leon Breytenbach, n...

Lightstone predicts a buyer's market for 2017

17 Mar 2017

It's a buyer's market in 2017, according to the Lightstone house price forecast for this year.
This year Lightstone predicts slow to sluggish growth in house prices of between 0.2% and 2.3%. In 2016 it predicted a 3.5% increase in house price growth, once again its prediction came close - the year ended off on 3.4%.

Nationally house price inflation...

Demystifying the rental agreement

17 Mar 2017

The days of 10% increases when renewing the lease on your house or flat are all but extinct. In tough economic times good landlords and good tenants should find ways to negotiate creatively if they value their relationships.
Demystifying the rental agreement

Lew Geffen, chairman of Lew Geffen Sotheby's International Realty, says: "Until a few years...

Separate meters for water and electricity in ST schemes

16 Mar 2017

There's no doubt that the best way to manage the costs of services such as water and electricity in sectional title schemes is by having separate meters installed for each unit.

Even better would be to have prepaid meters for these services as owners only use what they pay for, says Mandi Hanekom, operations manager of sectional title finance company ...

Great if you're buying this year - not so much if you're selling

16 Mar 2017

The Lightstone house price forecast for 2017 is out, and it's looking great - if you're a buyer.

For sellers, the news is not that good: the forecast shows current homeowners are continuing to lose real value on their properties.

Lightstone is predicting a downward trajectory with slow to sluggish growth in house prices of between 0.2% and 2.3%...

What you need to know when you buy off-plan

14 Mar 2017

As with any large financial investment, there are potential drawbacks buyers need to be aware of when buying a property off-plan.
What you need to know when you buy off-plan

"Buying off-plan is especially attractive to first-time buyers as there's no transfer duty (VAT's included in the price) and most people struggle to save up the deposit to purc...

Figures dispel house price myth

14 Mar 2017

Don't overcommit when you buy a home, says John Loos, household and property sector strategist at FNB Home Loans.

His warning comes hot on the heels of FNB's January 2017 estimate of 12.3% of homes nationally being resold at a loss to the owner.

While this is not at alarming levels, it is indicative of a market slowing down.

"It is not s...

Changes to laws make rental contracts more complex

13 Mar 2017

Until a few years ago, lease agreements included standard annual increases and a seven-day's notice with material breach to terminate.

But this is no longer the case, says Lew Geffen, chairman of Lew Geffen Sotheby's International Realty.

Contracts have become more complex with amendments to the Rental Housing, Consumer Protection and National ...

How tenant churn could impact profitability

13 Mar 2017

Tenants, as the main source of income for commercial buildings, are key, thus tenant retention should be a primary focus for building owners and managers.

This is according to Gregg Huntingford, CEO of Spire Property Management, who says that it is more cost-effective to keep your current tenants happy than to find new ones.

Tenant churn can si...

Property indices shake-up

09 Mar 2017

The JSE is expected to introduce three new indices to replace the current South African property index (Sapy) within the next three to four months, an eagerly awaited move which industry players believe will further boost the size and stature of listed real estate as an asset class.
Property indices shake-up

The JSE embarked on a process to improve...

More properties selling below purchase price

09 Mar 2017

The percentage of properties sold below their original purchase price increased to 12 percent in January this year from 9.8 percent in August last year.

This is based on a residential-dominated sample compiled by FNB on the deed office property data registered by individuals for properties that exchanged hands for R10 million or less.

John Loos...

Direct property or unit trusts - which is best?

08 Mar 2017

A very interesting question almost every investor asks themselves is: "If I want to invest money, do I need to buy a property, keep my money in the bank to earn fixed interest rates or invest in stocks?"

This is a difficult question to answer simply. All of us have an ambition to invest our hard-earned funds as optimally as possible to ensure we maxim...

'Hive living' increasingly popular

08 Mar 2017

As many consumers feel the financial constraints of higher living costs, coupled with the rising property prices, more and more people have turned to hive living as means to get into the property market.

Essentially what this entails is several generations of a family purchasing a property that they can live in together, says Adrian Goslett of RE/MAX....

Commercial property still important asset class for private buyers

07 Mar 2017

With 27% of global transaction volumes attributed to private buyers in 2016, commercial real estate remains an important asset class for private investors. The 2017 Knight Frank Attitudes Survey data shows that a full quarter of private client wealth is held in real estate investments (excluding their primary residence and second homes). This varies signific...

Interest rates cut expected later in year

07 Mar 2017

Old Mutual Investment expects the South African Reserve Bank (Sarb) to cut interest rates by 50 basis points in the second half of the year due to a stabilising rand and lower inflation outlook, it said yesterday.

Old Mutual Investment's senior economist, Johann Els, said the first half of the year was likely to be tough, due to the tax hikes announce...

Questions to ask the conveyancing attorney

06 Mar 2017

Ownership of a property takes more than a signature on an Offer to Purchase or for that matter the payment of the purchase price.

The property needs to go through the process of transfer and needs to be registered in the new buyer's name at the Deed Registry Office, which is where the services of a conveyancing attorney are required.

The proces...

Fears over property bill implications

06 Mar 2017

Speculation was rife this week as to what the new Property Practitioners Bill 2016 will include, with many estate agencies and organisations raising concerns it could over-regulate the industry with a dire outcome.

The cabinet on Wednesday announced that the bill would be gazetted for public comment (probably in the next few weeks). It repeals the Est...

Is it possible to terminate a lease agreement without recourse?

20 Feb 2017

If tenants terminate their lease agreement before expiry, is it possible to do so without being in breach of the contract?

According to Adrian Goslett of RE/MAX the answer to the question will depend on the cancellation clause within the lease agreement.

"Unless there are grounds for cancellation of the agreement, which are stipulated in the ca...

'Costs and compliance retard property industry transformation'

20 Feb 2017

During his State of the Nation address last week President Jacob Zuma commented on the property market noting that less than 5% of the sector is managed by people of colour and Africans in particular.

Jan le Roux, Chief Executive of the Real Estate Business Owners of South Africa (REBOSA), concedes that the residential sales market is undoubtedly domi...

Reviving brownfield sites to create mixed-use communities

17 Feb 2017

The South African Property Owners Association's (SAPOA) 2016 Q4 Office Vacancy Report says that the office sector is still firmly entrenched in its recovery phase although this is becoming increasingly fragile as a result of the sectors macro drivers.
Hassan Shaikh, founder of Revolve
Hassan Shaikh, founder of Revolve
In Gauteng, Sandton has lost a ...

Look out for restrictions on your property

17 Feb 2017

Owning a property does not mean that the owner is entitled to do whatever they want to the property. Every property in South Africa that is privately owned is subject to certain control measures, which may restrict the owner from making the changes they desire.
Look out for restrictions on your property

Before purchasing a home it is in the buyer's...

Should you buy property together?

16 Feb 2017

Property is pricey and for many first time home owners the only way to get onto the property ladder is by doing it with a partner.
Should you buy property together?

If you take into account that the average monthly salary is R12,715 (according to BankservAfrica) and that reports indicate that small properties were selling for around R867,014 in 201...

Good city governance enhances home values

16 Feb 2017

It is a global real estate fact that well-managed cities that are clean, relatively crime-free, with solid infrastructure and reliable service delivery, invariably protect " and grow" home values within their municipal boundaries.
Good city governance enhances home values

Cape Town, which has for some time been the top performing large-metro reside...

Crime affects Westville property prices

14 Feb 2017

The recent surge in housebreakings and robberies in Durban's Westville is having a negative effect on property prices in the upmarket suburb.

The Westville property market has been left shaken by the recent spate of crime in the area.

According to estate agents, more homes have gone on sale in the neighbourhood in recent months. However, home o...

New mortgage lending: 2017 may be weaker than 2016

14 Feb 2017

The South Africa Reserve Bank Leading Indicator has recently started to edge higher, a reflection of some recent global economic growth improvements which can contribute, along with domestic drought alleviation, to mildly higher economic growth this year.

However, it may be some time before this translates into positive growth in new residential mortg...

What rights do squatters actually have?

13 Feb 2017

Here we examine what "squatter rights" are in the context of the South African Law of Landlord and Tenant, in relation to both commercial and residential property.
What rights do squatters actually have?


A squatter is any person or organisation that continues to occupy a property when they have no legal right do so. This could include a person ...

The ins and outs of buying a real estate franchise

13 Feb 2017

The real estate industry is rife with opportunity, and running your own property business can be an extremely attractive idea - but it's not something you can jump into without a bit of preparation.
"In order to own and operate a real estate business, you need to complete your NQF5 qualification and get a principal-level Fidelity Fund Certificate from the...

CT, Joburg feature on index of luxury investment destinations

10 Feb 2017

Cape Town and Joburg have made the top 50 international housing markets favoured by ultra-high net worth (UHNW) individuals purchasing luxury real estate, according to the Global Property Handbook's Alpha Cities Index.

Wealth-X, in collaboration with Barnes International Realty and Warburg Realty, recently released the handbook which explores the real...

Your eight-point checklist for choosing student digs

10 Feb 2017

Upon acceptance into a university far from home, one of the top items on that to-do list is finding accommodation. The universities and FET colleges simply do not have enough accommodation on campus for all their students. Therefore, the onus falls on the students and their parents to find a suitable place for them to live and study for the duration of their...

Home loan lenders taking a more prudent approach

09 Feb 2017

Home loan lenders have adopted a slightly more cautious lending approach, according to mortgage originator ooba.

Rhys Dyer, the chief executive of ooba, said yesterday that evidence of this was the 5.5 percent year-on-year increase in the average deposit as a percentage of purchase price in the fourth quarter of last year.

ooba said the average...

Tenant mix: "sweet spot" between convenience and experience

09 Feb 2017

There are many factors that contribute to the success - or otherwise - of a shopping centre, and getting the right tenant mix is up there at the top of the list.
"First impressions count," says Olive Ndebele, general manager of Menlyn Park Shopping Centre. "We want our customers to be blown away by what we're offering. We want them to find not only every...

The age of the access-bond is not over

08 Feb 2017

Two banks this week rubbished a claim made by a non-bank lender that "the age of the access bond is over". Access bonds are alive and well, and borrowing through your home loan remains one of the cheapest forms of credit.

However, the days of having unfettered access to the equity in your property have long been a thing of the past.

Before the ...

Dealing with defects

08 Feb 2017

The Consumer Protection Act (CPA) was introduced to protect consumers engaged in commercial transactions with businesses to avoid the consumer being treated unfairly. Unless a property buyer is purchasing a home from a developer or speculator whose ordinary course of business is to sell properties, the CPA does not come into play and the buyer will not fall ...

New sectional title regulations leave owners, agents confused

07 Feb 2017

The Sectional Title Schemes Management Act (STSMA), which came into operation on 7 October 2016, has left many sectional title owners and managing agents confused, according to the South African Institute of Charted Accountants (SAICA). The Act is twinned with the Community Schemes Ombud Service Act (CSOSA). SAICA says it has been inundated with queries from...

What to consider before buying a real estate franchise

07 Feb 2017

Running your own property business is not something you can jump into without a bit of preparation, says Walter Hart, the Rawson Property Group's business expansion manager. He provides advice on the most important factors to consider, and explains the benefits of joining a national brand instead of starting out completely on your own.
What to consider be...

This factor will be key to a residential property market recovery in 2017

06 Feb 2017


The residential property market in South Africa did not perform well last year and one factor had a bigger effect than others, according to the head of one of SA's leading estate agents.

Consumer confidence as a driver of long-term decision making will be the key to the recovery of the residential property market in 2017.

While rebounding s...

Are companies in business rescue protected from eviction?

06 Feb 2017

This article examines the case of Kythera Court v Le Rendez-Vous Cafe CC and Another 2016, which deals with the eviction of a close corporation undergoing business rescue proceedings in terms of s129 of the Companies Act, 71 of 2008 (the Act).
Are companies in business rescue protected from eviction?

The Respondent is Le Rendez-Vous Cafe CC, tradin...

What are landlord vs. lessee rights during sale of tenanted property?

03 Feb 2017

Tenant rights and obligations are not automatically forfeited when a landlord puts their property up for sale. Selling a rental with a tenant in residence isn't always an ideal situation, but the laws and processes in place are designed to treat all parties as fairly as possible.
What are landlord vs. lessee rights during sale of tenanted property?

What happens to your rental deposit?

03 Feb 2017

It is general practice for landlords to request a deposit from their tenants before they move into a property. According to Section 5 of the Rental Housing Act, No. 50 of 1999 a landlord is legally entitled to request a deposit from their tenants.

The amount that the tenant will be required to pay as a deposit is stipulated in the lease agreement, whi...

How the interest rate impacts the property market

02 Feb 2017


South Africans breathed a sigh of relief when the South African Reserve Bank kept the repo rate at 7% this month.

With the majority of current and prospective homeowners dependent on home loans to purchase property, any fluctuation in the interest rate has a major impact on the property market. "Stability in the interest rate will build consumer c...

When is your rent due?

02 Feb 2017

Tenants have a particular responsibility when it comes to the payment of their rent, and failure to do so can be regarded as a breach of contract. Here are the myths and truths surrounding the correct procedure of paying your rent.

This is stipulated in your lease. If you are doing an EFT, the money must reach the landlord's bank account by the appoin...

Rates decision welcomed amidst challenging economy and property market

31 Jan 2017

Today's decision by the Monetary Policy Committee of the SARB (South African Reserve Bank) to keep the interest rate at the current level of 7% (home loan base rate of 10.5%) for the fifth successive meeting is most welcome news, says Samuel Seeff, chairman of the Seeff Property Group.

With so much political and economic uncertainty and pressure on th...

First-time home buyers should act sooner rather than later

31 Jan 2017

The average home loan instalment has gone up by almost R700 a month - despite the fact that buyers are currently also paying much bigger deposits than they did a year ago.

"This represents a clear decline in affordability for first-time buyers, who we believe should make a decision as soon as possible because it is only going to become increasingly di...

The interest rate and how it impacts the market

30 Jan 2017

South African Reserve Bank governor, Lesetja Kganyago announced recently at the first Monetary Policy Committee meeting of 2017 that the repo rate will remain unchanged at 7% with the prime lending rate staying at its current figure of 10.5%. Good news for consumers as the country heads into another year of predicted slow economic growth.
The interest rat...

Know the risks before building Airbnb castles in the sky

27 Jan 2017

With about 7,500 Airbnb hosts in South Africa in June 2016, the fast growing industry has boosted short-term letting in the country as property owners list their apartments and homes to attract travellers and charge daily accommodation rates.
Know the risks before building Airbnb castles in the sky

"We are finding about 50% of buyer enquiries in Se...

Growing legal shift away from voetstoets clause

27 Jan 2017

Property sellers should not rely on the "blind protection" of the voetstoets clause if they don't have approved building plans, warns Liesel Greyvenstein, one of the directors of Greyvensteins Attorneys.
Liesel Greyvenstein, director, Greyvensteins Attorneys
Liesel Greyvenstein, director, Greyvensteins Attorneys
According to Greyvenstein, there is a...

Should equity in the bond be used for debt?

26 Jan 2017

Often car loans and credit cards accrue interest at a much higher rate than a home loan, which is why many people decide to take equity out of their home loan to pay off their other debts. Focusing on paying off debt with the highest interest rate is a very good financial strategy to implement, but is using a home loan to do it the best idea?
Should equit...

Could good things lie ahead for the local property market in 2017?

26 Jan 2017

In the past, there has always been an uptick in the real estate market in April - after prospective buyers and sellers have reviewed their finances and had a look at what is on offer.
Could good things lie ahead for the local property market in 2017?

Chas Everitt Nelson Mandela Bay principal Charlotte Vermaak believes there are good things in store...

Interest rates decision welcome news for homeowners

25 Jan 2017

Today's decision by the Monetary Policy Committee of the South African Reserve Bank to keep the interest rate at the current level of 7%, with home loan base rate of 10.5%, for the fifth successive meeting is most welcome news, says Samuel Seeff, chairman of the Seeff Property Group.
"A rate cut would have been much better, but we will take any good news ...

New build homes now 30 percent more expensive than existing ones

25 Jan 2017

Residential building growth is expected to remain weak this year, aggravating the plight of the building sector.

John Loos, a household and property sector strategist at FNB, attributed this to the percentage price gap between new and existing homes.

Loos said FNB estimated the percentage by which average full title home replacement costs excee...

Tiny houses are big elsewhere - but in SA?

24 Jan 2017

The tiny house movement was started in the US by young singles or childless couples who could afford decent housing but balked at the thought of spending up to half their incomes to service 20-year home loans.

Instead of saddling themselves with 200m2 dream homes with manicured lawns and swimming pools, they choose to downsize drastically without comp...

Why it's a good idea to simplify sectional title meetings

24 Jan 2017

While the new Sectional Title Schemes Management Act (STSMA) repealed several provisions of the Sectional Titles Act of 1986 (STA), the one does not replace the other entirely, explains Mandi Hanekom, operations manager of sectional title finance company Propell.
Why it's a good idea to simplify sectional title meetings

The STSMA primarily deals wi...

This factor will be key to a residential property market recovery in 2017

23 Jan 2017


The residential property market in South Africa did not perform well last year and one factor had a bigger effect than others, according to the head of one of SA's leading estate agents.

Consumer confidence as a driver of long-term decision making will be the key to the recovery of the residential property market in 2017.

While rebounding s...

The Baby Boomer generation is renowned for being non-conformist - and its members are once again doing things differently when it comes to deciding where to live in their later years.

23 Jan 2017

"Not only are they downsizing, which is to be expected," says Gerhard Kotz', MD of the RealNet estate agency group, "but now a large percentage are choosing to rent rather than buy, which is quite surprising since 'Boomers have typically been big advocates of home ownership."

In SA, he says, this may be happening to some extent because of the shortage...

SA property and politics: what you can expect in 2017

20 Jan 2017

Consumer confidence as a driver of long-term decision-making will be the key to the recovery of the residential property market in 2017.
"If consumers can lift their heads and start to see some light at the end of the tunnel, the pent up demand from cautious buyers that we have seen building in 2016 may release and kick start the recovery in the market to...

Property ownership: planning ahead, a smart move

20 Jan 2017

It may be counterintuitive to think about retirement when buying your first apartment or family home, but according to Bill Rawson, chairman of the Rawson Property Group, planning ahead can be a very smart move.
Property ownership: planning ahead, a smart move

"Property is a long-term commitment, but it's not necessarily a lifelong commitment," say...

A buyer's guide to keeping track of properties

19 Jan 2017

While it may sound like a reasonably easy thing to do, finding the ideal home may take a little more time and effort than most expect, especially if the potential buyer doesn't follow any specific process.

Luckily much of the stress related to finding the perfect property can be reduced with the right methods in place, according to Adrian Goslett of R...

Insurance implications of a flawed property valuation

19 Jan 2017

The property valuation system in Cape Town was recently under question when investigations revealed the value of some properties were increased, which led to increased tariffs and taxes for homeowners.

A flawed property valuation could have a severe financial impact for the homeowner and lead to big financial loss in the event of an insurance claim.

'Intrusive' Oracle plans put on hold

18 Jan 2017

Cape Town planners have been sent back to the drawing board in a five-year battle over the "intrusive" addition of four floors to a city centre building.
'Intrusive' Oracle plans put on holdJudge Ashley Binns-Ward, in a Cape Town High Court judgment on Friday, 13 January, was scathing about the decision by the council's former head of building development...

Create a good first impression without breaking the bank

18 Jan 2017

According to Richard Smith, assistant manager of Pam Golding Properties' Hyde Park office, you really don't have to break the bank to make your home more marketable.
Image source:
Image source: www.pixabay.com
Although maintaining and improving your home regularly is always wise, spending large amounts of money on upgrades does tend to lower your po...

How to pick the right development real estate specialist

16 Jan 2017

Developers are a very special breed of entrepreneurs, they take on the significant risk of bringing a product to market and delivering on their promises to purchasers. The process can take many years to bring to fruition, and the red tape that needs to be negotiated is not for the faint-hearted. The rewards can be great but so are the risks.
"When a devel...

Is it worthwhile buying a fixer-upper?

16 Jan 2017

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.
Is it worthwhile buying a fixer-upper?

Irrespective of the kind of property the purchaser is interested in buying, it...

New financial product does away with rental deposit

13 Jan 2017

In today's economy, it isn't easy for every tenant to produce a sizeable deposit to secure a property. But often two or even three months' worth of rent is required, making many tenants fall short of consideration.

Jawitz Properties in conjunction with oobainsure (the insurance arm of the bond originator, ooba) has launched a product called Rent Prote...

Are you financially prepared to be a homeowner in 2017?

13 Jan 2017

Since the National Credit Act came into effect, prospective homebuyers have been required to have their financial affairs in order before they apply for a bond. While banks have become slightly less stringent since the act's inception, financial institutions are likely to tighten up their lending criteria in 2017 and bond applicants will be put through their...

It's cheaper to buy an older home than build your own

12 Jan 2017

Construction, and especially residential construction, is a major creator of employment and ultimately also of housing demand, so it is always worrying when the home-building sector goes into decline.
According to the report, Rawson says the number of plans passed for new homes showed an overall year-on-year decline of 8.4% during this period to just over...

House about a change?

12 Jan 2017

PropertyFox has predicted an evolving residential property market for South Africa in 2017. After many decades of very little movement, things are starting to shift rapidly in South Africa's residential property market, it says.
House about a change?

"We anticipate 2017 will be a time when the industry disruption which has been gathering steam this...

Developing Africa's future cities

10 Jan 2017

Cities are "smart" when infrastructure, urban assets, public services, human and social capital, mobility systems and other forces are improved and optimised under ICT. The important benefit is higher economic growth, better quality of life for citizens and a more responsible form of stewardship over natural resources. However, the creation of such futuristi...

Expect slowing property price growth in 2017, with a few exceptions

10 Jan 2017

The residential property market has had its ups and downs during 2016 as the economy stagnates, the Reserve Bank started hiking interest rates again and consumers struggle with household debt-to-income. What's in store for 2017; slowing property price growth - with a few notable exceptions - an increase in demand for smaller properties, specifically sectiona...

Banks need to engage before foreclosing

09 Jan 2017

If you are struggling to pay off the home loan on your primary residence and miss a few payments, your home-loan provider cannot foreclose on your debt and repossess your property without first attempting to reach an agreement with you on restructuring your loan so that you can keep your home.

In a recent case that went to the Supreme Court of Appeal,...

Negative aspects that influence property values

06 Jan 2017

Research reveals that it only takes a prospective buyer a few minutes to decide whether they like a home or not, which is why it is essential that the home makes an excellent first impression.
Negative aspects that influence property values

While there are certain things that sellers can do to ensure that their home is in its best possible conditio...

How schools impact value of homes

06 Jan 2017

Purchasing a property is a large financial commitment, and as such, there are several vital aspects that buyers need to consider before taking the final step towards homeownership. While price and the type of home are a few of the factors that require buyers' attention, the most crucial aspect to consider is location.
How schools impact value of homes
...

Ensure your building dreams don't turn into a construction nightmare

05 Jan 2017

Renovating, or adding extra rooms, is one of the best ways to improve the value of your home, but how do you make sure that your building dreams don't turn into a construction nightmare?
Ensure your building dreams don't turn into a construction nightmare

The importance of consulting a fully qualified and registered architectural professional canno...

Airbnb 'rentability' may be pushing up the sale prices of apartments

05 Jan 2017

The short-term letting platform, Airbnb, allows property owners to list their apartments and homes to attract travellers and charge daily accommodation rates.

In June, there were about 7 500 Airbnb hosts in South Africa, and it is fast becoming an industry on its own.

"We are finding about 50 percent of buyer enquiries in Sea Point specifically...

Understanding the bond application process

04 Jan 2017

Currently in South Africa around four out of every five people who want to purchase a property will require a financial institution to provide the necessary finance for the transaction. Essentially, what this means is that the majority of property transactions in this country are financed in one way or another.
Understanding the bond application process

South African estate agent voted world's best

04 Jan 2017


International Best Real Estate Agent, Debra Maddocks of Tyson Properties scores a hat trick in London.

Winner of three of the most sought-after titles in the property industry, the prestigious International Property Awards 2016 Best Real Estate Agent, South Africa, and Best Real Estate Agent, Africa, and, announced at a gala event at the Savoy Hot...