Sale agreements entered into from 1 March 2017 will see buyers liable for transfer duty according to the new scale. Finance Minister Pravin Gordhan yesterday only amended the R750,000 margin against which no transfer duty was payable, to a higher margin of R900,000. For any
In line with the Protection of Personal Information Act (POPI), may I provide information I receive from a prospective tenant (not signed up yet) to the owner of the property at this stage already? The owner asked me to send it through to her before
The property industry unanimously reacted positively to the 20% increase in the threshold for the payment of transfer duty from R750,000 to R900,000 effective 1 March. Experts believe that, not only will this benefit the market due to increased capacity of first-time buyers, it will
The exemption on government-charged transfer fees has been raised by R150,000 on the current R750,000. This was revealed today during Finance Minister Pravin Gordhan’s Budget Speech.
“Relief will be provided in the affordable housing market through an increase in the threshold above which transfer duty is
Business tip of the day
The Chinese have a saying: "To open a shop and to keep it open you must always smile."
The overall value generated in Cape Town’s City Bowl reached a record-high of R2,36bn last year - double that of 2010 (R1,16bn) and 19% more than the R1,9bn generated in 2015.
According to Billy Rautenbach, sales director for Seeff’s operations across the City Bowl area, the
Municipality failed to take readings for 6 months. Six months later sent a bill of close to R8,000 claiming they under-billed us for all those months. The normal monthly usage is about R1,800. Fortunately we pay every month. Do I have a case against the
Some 40% of Norwood’s year-on-year home sales occurred in the final three months of the year (November 2016 to January 2017).
Based on 60 sales concluded between February 2016 and the end of January this year in the Johannesburg suburb, the median house price spiked from
Online and single-office real estate agencies have been served with notices by South Africa’s biggest property portal, Property24. The notices centre on changing the charging structure instituted by Property24 on physical real estate offices.
A mail circulated to affected agencies, such as PropertyFox and HomeBid, said the
The average selling price for Welgevonden estate in Stellenbosch rose 14.9% year-on-year - on top of the 7.5% growth clocked up in 2015.
This is according to Droeks Malan, Seeff’s agent for Welgevonden estate, who attributed the growth in part to an influx of new buyers