Thursday, 15 April 2021 22:10

Somerset West property update

Somerset West’s property market is renowned for its resilience, but the last few years have delivered some unprecedented challenges.

Just one off-ramp away from Sandton’s CBD lies Greenstone – a newly developed suburb just beginning to make waves in investment circles. 

Phoenix Industrial Park, one of Durban’s oldest and sizeable industrial parks, is the focus of a new retention and expansion programme which will see the city boosting local business as it reinvests in the park’s future. The knock-on effect on real estate being one noteworthy spinoff.

Some property investors often consider investing in property as part of a syndicate or group of people, but the problem with this sort of scheme is that you have to bring an equal amount of money to invest as the others in the syndicate do and there is a chance of arguments between shareholders.  

The banks’ valuations often reflect the way in which their client is rated by their criteria rather than the true market value of the property. This can have many negative implications for both buyers and sellers...

Confusion on estate agent mandates, fees and conditions apparently still exists and will have to be remedied now that the consumer protection act is in force

Landlords in South Africa in recent years have sometimes had the impression that the courts, in their endeavour to comply with the constitutional right of citizens to have “access to adequate housing”, have been overly sympathetic to tenants

False assumptions often reveal a deep-rooted ignorance as to the rules of property purchasing and how to finance transactions

In the residential property sector a major highlight is the fact that in 2011 new developments dropped off by some 70% compared to the levels of 2006/2007

Tuesday, 04 October 2011 02:00

The 'silver lining' for rental investors

Similarly to the UK and other developed markets, is SA in a potentially burgeoning buy-to-let climate as a result of various market imperfections and constraints?

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