With the raising of the transfer duty exemption threshold to R1.1 million with effect from the 1st March, there are plenty of reasons for first-time buyers to get into property this year, says Samuel Seeff....
Property Development
Smaller South African towns, known as second tier cities, have seen exponential growth over the past 3-5 years. Many have realised that not only is it possible to work remotely in outlying nodes in so many industries, but that these smaller cities also offer other phenomenal opportunities. Most notably, these include more affordable living, and better quality working environments, away from major urban...
South Africa's National Budget has been welcomed by property experts, who say it will offer a range of benefits for homeowners and those looking to enter the market. From a residential property perspective, the announcement that the brackets of the transfer duty table will be increased by 10 percent, allowing properties below R1.1 million to avoid any transfer duty payments, is welcome news for aspirant...
Despite the lack of significant changes in the industry for almost five decades, the real estate sector has undergone remarkable and unprecedented transformations in the past ten years, marked by both fluctuating peaks and valleys....
So you have decided that it is time to sell your home - you have enlisted the help of a knowledgeable neighbourhood real estate expert that will help you ease through the process. While every agent will have a few tips and tricks up their sleeves to get your home to sell as quickly as possible, there are a few things you can also do to help sell your home....
The answer to the question of whether it is ‘cheaper’ to buy or build a residential property is "it depends”. “Taking on a residential property building project is a serious undertaking, but one that can be very rewarding. Our best advice is to consult a quantity surveyor to help you plan and manage the cost of building,” says Jan le Roux. Professional quantity surveyor Guillaume Cillié,...
The luxurious and much anticipated Oceans Mall, part of the R4.3 billion mixed-use Oceans Umhlanga Development, opened opens its doors to shoppers on Tuesday 15 November 2022. The project has created 6,000 jobs during construction and 2,500 permanent jobs and is classified as a catalytic development by the City of Durban. The double award-winning, internationally acclaimed development has been...
Both sectional title and freehold ownership come with their own sets of pros and cons. For those who prefer one type of ownership over the other, it is sometimes possible, albeit a somewhat lengthy process, to change the zoning of an existing property....
You’ve moved into your new home and now you are keen on adding more floor space to make it the perfect home for you and your family. If you don’t have ground space to build on, you can always build up. It seems easy enough, but there are various steps to follow that ensure that the job is done properly and according to code. Here are six things to do when you want to add an additional story to your...