Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.
In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.
Over the past few years, economic uncertainty and stock market volatility has boosted investor interest in residential rental property.
Adjustments to transfer duty on property in the 2016 national Budget are to impact only the upper end of the residential property market.
With a growing trend towards people wanting to live and work in relatively close proximity in order to reduce travel time amid rapidly escalating traffic congestion, it makes sound sense for businesses to give consideration to the location of their premises
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