The recent interest rate increases are not only affecting home buyers – they are also making home sellers more anxious and more inclined to accept contingent offers....
Property Market
If you are thinking of investing in property, you can’t go wrong with a home on the coast. Not only are the prices of properties located within 5km of the ocean experiencing faster growth, but the margin by which this exceeds non-coastal house price inflation has risen to an average of 3.1% for January to April 2022 - the highest coastal price premium since mid-2005, according to Lightstone property...
The Covid-19 pandemic and two years of lockdowns played havoc with the finances of many community housing schemes, and many are still struggling to catch up on arrears payments to various creditors, while simultaneously trying to tackle overdue maintenance issues and keep up with current demands on their budgets....
While there is today a greater awareness of the benefits of owning a residential property to rent out for passive income, aspirant landlords are faced with some key decisions when making this kind of investment....
Estate living is one of the fastest growing real estate trends in South Africa and, with crime on the rise and lifestyle increasingly a priority for home buyers, the growing demand for a quality lifestyle in a secure environment is unlikely to abate any time soon....
You have found the perfect fixer-upper - imagining what a room could look like with a fresh coat of paint and some upgrades. For many home buyers, this is an enticing scenario, and the plethora of home renovation shows and social media posts has romanticized the process of turning an old home into the perfect space even more. The reality, however, is that if you walk into buying a fixer-upper blindly, it...
Want to rent out your property or invest in a rental? Going from property owner to landlord requires legal and operational know-how. While a private individual renting out their own property or an Airbnb unit does not need to register with the Property Practitioner’s Regulatory Authority, they must comply with rental, consumer, and tax laws. The rental income must be declared as part of your annual...
When selecting a tenant, landlords are pressed to find the best possible tenant to occupy their rental property. The questions asked during the screening process are crucial for the success of the rental property in the long run....
With the inflation outlook deteriorating since the previous Monetary Policy Committee meeting – with the headline inflation rate again breaching the upper limit of the 4-6% target for the second consecutive month at 7.4% in June 2022, it was inevitable that a decision would be taken to further increase the repo rate, the question was simply by how much....
Buy-to-let activity is on the rise once more as investors start to explore a whole new tenant demographic, says Berry Everitt, CEO of the Chas Everitt International property group. He notes that according to FNB senior economist Siphamandla Mkhwanazi, buy-to-let property purchases accounted for 11% of all home purchases in the first quarter of this year, up from 10% in the same period of 2021, despite...