Are estate agents ready for the change to come?
Property Practitioners who now need to hold a Fidelity Fund Certificate, unless excluded, to practice in terms of the Property Practitioners Act, 22 of 2019, may have certain questions regarding the application process to obtain the Certificate, its issuing from the Authority and any disqualifications from issuing, its amendment, withdrawal, and lapse thereof. A Property […]
Are you planning on starting an Airbnb?
When deciding whether to become an Airbnb host, it’s important for you to understand how the laws work in your city. According to Brett Herron, the mayoral committee member for transport and urban development at the City of Cape Town, different holiday accommodation land-use types, such as B&Bs and guest houses, are regulated by the […]
The current state of the rental market
While restaurants, shopping malls and beaches may look somewhat similar to what they did before the pandemic, nevermind lockdown regulations and social distancing protocols, the real estate rental market has not recovered quite as well as the consumer market. Studies conducted by the TPN Credit Bureau have indicated that, at the start of the hard lockdown of 2020, only half of short-term credit accounts were paid in “current” terms. […]
Considering the rise of sectional title ownership
Sectional titles have become a staple in the real estate industry over the past decades. And with all the benefits that come with it, it makes sense. Heightened security, lower insurance costs on buildings and outdoor areas, shared maintenance costs with other owners, becoming part of a community, no cleaning the pool on Saturday mornings […]
Buying property: Is it better to wait?
The property market has been a more advantageous ground recently than it has been in the past few decades. Especially if you are a millennial, whose news feed keeps you updated on just about everything that goes on in the world, it’s not something that has gone unnoticed. This has brought the question of whether to purchase a house or to go […]
Why you need to beware of withholding taxes when emigrating
Many South Africans who simultaneously emigrate and cease to be South African tax residents are faced with a situation where the sale of a fixed property has not been finalised by the time they cease to be tax residents. This may result in the unintended consequence of them becoming a non-resident seller of immovable property in South Africa. In terms […]
Buying and selling: Avoid the potential nightmare
Buying a new home is always an adventure – but what if you’re still trying to bring a previous adventure to a close? Facilitating the transition of homeownership comes with an array of concerns that are unavoidable when the purchase of a new home and the sale of an old one occur simultaneously. The two primary concerns for buyers […]
Are You on The Hunt for A Rental Property?
For more than three-quarters of South Africa, renting a home is the answer to their residential needs. Many tenants, though, are falling into the cracks of the rental market due to their over-eagerness. In your hunt for the rental that meets your needs, don’t lose sight of what those needs are. If you’re looking for […]
How is your property’s value being affected?
Preparing a home that will soon enter the market is one of the first steps of the selling process. But these preparations, intended to make a property more attractive for prospective buyers, should always be approached carefully and, above all, strategically. These are a few key elements that may affect a property’s ultimate attraction without […]
The new age of property viewings has arrived
The real estate industry has always been known for utilising the latest technologies available to bring buyers and sellers together. From announcements at Town Hall gatherings to the printing presses, the introduction of radios and television sets in households, and finally the World Wide Web, property practitioners have always been on the lookout for the […]