Buying my first home was one of the proudest moments of my life. I was 27 years old and my-then flatmate needed to move out, leaving me with two options: I could place an ad on Gumtree saying I was looking for a new flatmate,
South Africa’s baby boomers generation comprised 13.2% (7,1m) of the country’s 54 million people in 2015 – two-thirds higher than the global number where 8.5% of the world population is older than 65 years.
This is according to a US government-commissioned report, An Aging World: 2015,
Some 50 units, which include top-floor penthouses and first-floor garden units, have already been sold at Infinité in Bedfordview, Johannesburg. This before the development’s official launch in August.
Demand is being fuelled by the uniqueness of the development, right pricing and sought-after amenities such as Eastgate
Buyers who are interested in purchasing in a proclaimed Heritage suburb need to know what they may and may not alter or renovate. They should also know what is expected of them as set out by the National Heritage Resources Act (Act 25 of 1999).
The days of the 10% home deposit are gone, with mortgage originator, BetterLife Home Loans, last month reporting that the big commercial banks have all raised their lending criteria. Borrowers in the R250,000 to R1,5m price band now have to put down anything between 12.3%
The South African Reserve Bank’s Monetary Policy Committee decided to keep the Repo Rate unchanged at 7%, keeping the prime lending rate at 10.5%.
“We believe it to be an appropriate decision from an inflation point of view,” said John Loos, FNB household sector and property
South African homes sell within 11 weeks of listing, according to FNB statistics, and 87% of sellers are forced to drop their asking price by 9% on average.
This means, on a bank-financed R1m home, at current interest rates (with no deposit and over 20 years),
Home buyers and those who build their own homes can change almost anything about a home, from open-plan spaces to building an extra bedroom or granny flat. What they will never be able to change is the home’s location.
This is according to Shaun Rademeyer, CEO
There is currently no limit set on the number of proxies a trustee in a sectional title scheme can collect prior to a general meeting. This is according to Michael Bauer, GM of IHFM property management company.
“The way the Sectional Titles Act stands now, if
Brand strength, business support and core company values are key things to consider before buying into a real estate franchise. Then, of course, there is suburb research, your access to finance and how long it takes to start seeing returns on your investment.
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