National house price inflation is 3.4% as at the end of December 2016. This is according to property data analysts, Lightstone Property, which said that the overall picture at provincial level it was evident the market had been slowing down over recent months, and that
Occupational rent is the financial compensation when the purchaser of a property occupies the house he or she has bought before it is registered in his or her name. There are two schools of thought when it comes to utilities. For instance where an offer to
Q I recently purchased an apartment in a sectional title complex in Cape Town. In addition to this apartment, I also own one in Johannesburg and one in Ballito, KwaZulu-Natal. I have not been charged VAT on my levies for the Joburg or Ballito apartments, but
Tenants whose monthly rentals are between R7,000 to R12,000 remain the best payers, with those in the bottom and top price categories the worst. This is according to TPN Rental Monitor for Q3 2016 which reports that 88.37% of tenants in the R7,000 to R12,000 rental
Q Hi, I have two questions: In order to collect the CSOS contributions do we have to open a separate account to deposit the funds into? What recourse does the body corporate have in recovering levies that are in arrears? Many thanks. - Irene A Hi Irene, we are
The average full-title home replacement cost exceeds the average existing home value by 30.4% - increasing by more than 9% over 2014/15 when it hovered around 21%. What this means is it is increasingly difficult for the new development sector to bring competitively priced new stock
Sectional title, bodies corporate and managing agents began collecting CSOS levies from January this year. But since the Gazetting of the new regulations in October last year, managing agents, homeowners associations and bodies corporate have not had clarity on where or how to transfer the
Q We are in a complex of three houses which is run by a common law homeowners association (HOA). My question is do we have to register our HOA with the CSOS if we are not registered [as a non-profit company] and therefore do not have
Despite the residential market improving its risk situation quarter after quarter, the highly constrained broader economy means potential buyers continue to adopt a wait-and-see approach and negatively impact on the current sellers’ market conditions. “The ongoing decline in the household sector debt-to-disposable income ratio, all the
Q Hi, our complex has seven units and our current levy is R1,500 per month. I have calculated that the levy that is due is as follows: R1,500 - R500 = R1,000 R1,000 X 2% = R20 Therefore, the total levy that is due every three months is R140. Is