At the age of 27 Wikus Lategan joined Calgro M3, to become the youngest financial director of a JSE-listed company. At the time, in 2008, the company had a market capitalisation of R30m. Today that figure is just on R2,9bn. Calgro develops mixed-use/integrated residential property
Billed as the country’s most successful property launch in history, with R1bn in sales taking place at its initial launch on April 4, 2015, the developers of The Pearls of Umhlanga have reconfigured the building in its final phase, Pearl Sky, to cater to market
So far, the Atlantic Seaboard and City Bowl areas seem to have shrugged off the country’s economic woes and interest rate hikes. Sales in the first quarter of this year are already at just under the R2bn mark.
This, despite a number of economic setbacks including
The 1st quarter 2016 FNB Estate Agent Survey shows a decline, once again, in the percentage of sellers selling in order to upgrade homes, reports FNB Home Loans household and property sector strategist John Loos.
This points to mounting financial limits, and increased household caution. However, there
Buying off plan or directly from the developer has its benefits, especially for first-time buyers or those who don’t have cash for transfer duties and various other transaction costs.
Shaun Rademeyer, CEO of BetterLife Home Loans, SA’s largest mortgage originator, says that one of the most
With property prices in many of Cape Town’s central Southern Suburbs rising above the average family budget, more and more young buyers are looking slightly further afield for a leafy school neighbourhood in which to raise their children. For already popular – yet more affordable
Where only a handful of residential sales topped the R20m mark five years ago, today there are 22 streets in the country where this is now the average sales price. Prices in these streets now regularly surpass R20m and range as high as R200m to
The status of Muslim Marriages in South Africa has, since 1990, been the subject of ongoing investigation and discussion by the South African Law Reform Commission. The Muslim Marriages Bill was published in 2000 (www.justice.gov.za/legislation/ bills/2010_muslim-marriages-bill.pdf, accessed 13-4-2015), but is still subject to intense debate
The village of Gansbaai that lies just south of Hermanus and stretches form De Kelders to Pearly Beach has seen renewed interest from beach house buyers according to Seeff agent, Ronel Claassens.
Recent activity includes a number of sales in De Kelders around the R2-3m price
The Consumer Protection Act (CPA) does not negate or override the voetstoots clause that still appears in most property sale agreements, according to Bill Rawson, chairman of the Rawson Property Group.
“Real estate and legal experts as well as many consumers seem to think that if they