Buying up run-down homes with an eye to renovating and reselling them at a profit has become very popular in recent years, but such projects are becoming more risky, as rising interest rates could put a damper on both housing demand and property price growth.
South Africans have paid off a lot of debt since the last recession, but most are still spending too much and saving far too little, and that is a real obstacle to many more people becoming homeowners, says Rawson Property Group Managing Director Tony Clarke.
Yesterday’s Budget announcement for the 2016/17 financial year has been lauded by many in the property industry as a fine balancing act in a difficult macroeconomic environment. But not everyone is pleased.
Key take outs include:
An increase in transfer duty from 11% to 13% in the
The 51st Fleur du Cap Theatre Awards is setting the stage, honouring theatre excellence in South Africa, by taking guests on a sensory journey of wine and artisanal salt pairings designed by salt aficionado, chef Craig Cormack. This year, the annual event will take place
Searching the internet has become the norm for consumers looking for homes to rent, with classifieds websites recording huge traffic increases in this category over the past few years.
However, it seems that not a week goes by now according to Harcourts Africa CEO Richard Gray
Five out of seven business start-ups in South Africa fail in their first year according to Rob Davies, Minister of Trade and Industry. Globally, one out of two start-ups fails during its first year.
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Some property investors make their money by buying older houses in good neighbourhoods – then renovating and “flipping” the house. This is a good business strategy for the property investor. It can also benefit the home buyer who can often get an upgraded and modernised
There are few things more exciting than painting and redecorating a room purely for the arrival of a new family member. Expectant parents will spend hours browsing through colour palettes, pictures of nurseries and reading up on all the various nursery decorating ideas. Naturally, most
December 2015 Leading Business Cycle Indicator records the 27th consecutive month of year-on-year decline, pointing to further economic weakness ahead in 2016, reports John Loos, FNB Home Loans household and property sector strategist.
The year-on-year rate of change in the SARB Leading Business Cycle Indicator remained
With local and international attention focused on South Africa’s National Budget tomorrow (Wednesday 24 February 2016), from a property market perspective it is hoped that the imperative to increase overall revenue collection will not result in a further increase in transfer duties on property transactions,