A small, seemingly simple addition to the regulations under the Sectional Titles Act, 95 of 1986 “the Act”, has added significant consumer protection for owners in sectional title schemes that are subject to the developer’s right to extend the scheme. The Act allows the developer of
Although, to date, strong signs of secondary demand slowing has not been observed, the FNB Estate Agent Survey Q2 2017 suggest some slowing in this non-essential form of home buying. In the 2nd quarter 2017 survey, the agents surveyed estimated a secondary property buying percentage of
Statistics show that South Africans are among the most security conscious home buyers in the world, with the security features of a property being a major consideration in the property buying decision. Notwithstanding the fact that tenants have comparatively less say over the security features of
Dear perpetual tenant, nothing. According to Payprop's Q1 2017 Rental Index the average age of tenants have increased to 39, while the average age of first-time buyers have now increased to between 41 and 45 across South Africa's provinces. The income of the average, 39-year old
The South African Property Owners Association awarded HomeTimes’ Mariette Steynberg with a Special Recognition Award in the Feature Journalist category for her story No pets allowed – why our shelters are filling up. In presenting the award, outgoing SAPOA President, Nomzamo Radebe, said: “While I don’t
Q Hi, I've been following the tips and advice by your expert financial planner. I am a school-leaver who has recently started my first job. I do not have budget for saving for retirement annuity as well as life and disability cover. Which one would you
The public perception of estate agents is not always positive. As a matter of fact survey after survey undertaken on this topic overseas shows the same lack of trust and questionable ethics and comparisons to car sales people abound. The estate agent is the archetypal entrepreneur.
Gauteng buyers are semigrating to KwaZulu-Natal – specifically to the North Coast region – and are prepared to pay more than R10m for a stand in an exclusive estate. “Some 60% to 70% of our buyers in the upmarket Zimbali area are from Gauteng, semigrating to
The majority of buyers in the Southern Suburbs don’t need bonds, explained Cindy Minnaar, Lew Geffen Sotheby’s International Realty area specialist in Newlands and Constantia. “I have worked in Newlands for five years now, and the majority of our sales have been cash,” she said. Lew
According to a Homeowner Insights Study conducted by Absa and Columinate in 2016, only 16% of people selling their properties trusted their estate agents. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, said that a possible reason for this statistic is the