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Human factor important in property transactions

Wednesday, August 24, 2016

According to Tom Salomone, president of the National Association of Realtors in America (NAR), the sheer size of the millennial generation should mean a peak in home sales. Salomone was speaking at a recent seminar hosted by Real Estate Business Owners of South Africa (REBOSA) in Cape Town. Human f...

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Holiday home development on world heritage property thwarted

Wednesday, August 24, 2016

On 19 August 2016, Judge Daya Pillay handed down a landmark decision in the Pietermaritzburg High Court in favour of the iSimangaliso Wetland Park Authority and the KZN MEC for Economic Development, Tourism and Environmental Affairs. The judgment confirmed that World Heritage Site and National Park ...

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'Don't set property price with only foreign buyers in mind'

Tuesday, August 23, 2016

According to data from PropStats, foreign buyers don't make up as large a proportion of buyers on Cape Town's Atlantic seaboard as many suspect. However, many sellers continue to price their properties as though foreign buyers are queuing up to buy homes in Camps Bay, Sea Point, Green Point, Bant...

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Tenants face tough economic conditions

Tuesday, August 23, 2016

South Africans breathed a sigh of relief when the South African Reserve Bank (SARB) announced that the repo rate was going to stay at 7%. However, the predicted 0% economic growth figure casts a shadow of anxiety over the country's economic future. Tenants face tough economic conditions Property...

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