INNOVATION

City of Cape Town

City of Cape Town is the First Municipality to Receive Certificates for Energy Smart Buildings

The City of Cape Town has received Energy Performance Certificates (EPCs) for three of its municipal buildings.

Electricity Generation Act

Electricity Generation Act Changed | Community Housing Schemes Can Now Generate Their Own Electricity

Property owners in community housing schemes such as Sectional Title complexes should be celebrating the newly-gazetted change to the Electricity Generation Act regulations.

inflection point

South Africa Reaches Inflection Point as Unrest Continues

While South Africa navigates its way out of the pandemic coronavirus, fighting the more than 15 000 daily infections recorded in a day, it finds itself in what John Loos refers to as an inflection point where grumpy citizens out of hunger and minimal to no employment opportunities vent their frustrations about governance in the country.

hybrid work

IWG Plc. Accelerates Global Franchise Rollout as Demand for Hybrid Work Increases

IWG Plc. has more than tripled the number of new franchised centres around the world as demand for hybrid work increases.

estate agents

REBOSA Urges Agents to Follow Workplace Readiness Guidelines as Third Wave Strikes

As South Africa battles its third wave of mass Covid-19 infections, the Real Estate Business Owners of South Africa (REBOSA) is appealing to agents around the country to reinforce their health and safety measures.

Nedbank

Nedbank Portfolio Disposal – Properties for Sale

Nedbank Corporate Real Estate has announced a strategic decision to dispose of a top-rated portfolio, creating a rare opportunity for investors to purchase properties in desirable areas with strong lease covenants by a blue-chip tenant. 

low interest rate

Property Trends to Watch as Low Interest Rates Remain

“It would make sense to keep the repo steady at or below 4% for as long as possible, for the effects of the lower lending rate to have the desired impact,” says Carl Coetzee, CEO of BetterBond

power outages

Power Outages are Back, But They Don’t Have to Stay

Winter is usually synonymous with rainy days, colder weather, and if you’re in South Africa,  power outages.

EKURHULENI property valuation

Objection Deadline for City of Ekurhuleni Property Valuation Looms

Property owners in the City of Ekurhuleni municipality have until 18 June 2021 to object to the current valuation prescribed by the municipality. Owners are urged to ensure the valuations are correct.

land expropriation

Update on the Land Expropriation Bill

The Expropriation Bill 2020 was gazetted and submitted to parliament for review last year. This Bill, alongside the amending of Section 25 of the Constitution, will allow expropriation without compensation in SA for the first time.

tariff increase

Proposed Tariff Increases Set to Have a Big Impact on All South Africans

Whether you’re a homeowner or a tenant, the latest proposed tariff increases are set to have a significant impact on us all. 

flow marketing

Flow Launches Marketing Platform to Democratise Online Property Sales

Flow launches innovative digital marketing platform which democratises lead generation and gives agents their power back.

low interest rate & semigration trend

Low-Interest Rate & Semigration Trend Drive Growth in Residential Property Sales

A low-interest rate coupled with the semigration trend are two of the contributing factors driving the growth in the residential market. 

Repo Rate Unchanged: expected outcome or missed opportunity?

Repo Rate Unchanged: Expected Outcome or Missed Opportunity?

The Monetary Policy Committee (MPC) has again announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%.

SARB to hold the repo rate

Economists Unanimously Forecast the SARB will Hold the Repo Rate

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is expected to hold the rate at the 23-25 March meeting, according to a unanimous vote by 25 panellists on Finder’s SARB repo rate forecast report.

a win for estate agents against EAAB

A Win for Estate Agents Against EAAB

The failure of the Estate Agency Affairs Board (EAAB) to issue Fidelity Fund Certificates (FFCs) to the applicant estate agents has been found without merit.

bellville future city

City of Cape Town Launches Bellville Future City

Executive Mayor, Dan Plato, has officially launched Bellville Future City, a long-term master planning project focused on transforming Bellville and developing it as Cape Town’s second CBD.

budget speech 2021 and how it affects property market

Budget Speech’s Impact on the Property Market

Finance Minister, Tito Mboweni presented a “positive budget” under challenging circumstances, perhaps the most challenging over the last twenty-seven years, says Samuel Seeff, chairman of the Seeff Property Group.

property industry reacts to SONA 2021

Property Industry Weighs in on SONA 2021

“While it (pandemic) has caused significant damage through loss of life, just as drastic has been its effect on our economy and the rising levels of unemployment,” says John Jack, Galetti Corporate Real Estate CEO.

can you evict tenants under level 1

REBOSA takes legal action against EAAB

After years of attempted collaboration with the Estate Agency Affairs Board (EAAB) to rectify the Board’s ongoing service delivery issues, the Real Estate Business Owners of South Africa (REBOSA) has turned to court action against the regulator.

Missed Opportunity with Unchanged Repo Rate

The Monetary Policy Committee (MPC) has again announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%.

Biden’s Pick of US Secretary to Herald Even Higher Stock Markets

Biden’s pick of Janet Yellen as U.S. Treasury Secretary will help see stock markets reach record highs during 2021, predicts the CEO of one of the world’s largest independent financial advisory organizations.

93% of economists say SARB will hold the repo rate

The SARB Monetary Policy Committee is set to hold the repo rate at the 19-21 January meeting, according to 93% of economists.

Rand Suffers as Lockdown Fears Drive Sell-Off

The local unit weakened by 1.5% to reach levels last seen in early November (15.64/USD), before recovering slightly.

Unemployment Worries Will Keep the Lid on Home Prices This Year

The residential property market is expected to start losing some of its 2020 momentum soon, even though inflation is likely to remain depressed by a number of factors and the Reserve Bank is likely to keep interest rates low until at least 2022.

Reserve Fund Compliance Now Urgent for ST Schemes

Sectional Title schemes that are not yet compliant with the reserve fund provisions of the Community Schemes Ombud Services (CSOS) Act should rectify that position as soon as possible.

What the Steady Repo Rate Means for Buyers & Sellers

Repo Rate unchanged – reminding buyers to make the most of the lending rate

Interest Rate Disappoints

The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is disappointing and out of step with the economy, says Samuel Seeff, chairman of the Seeff Property Group.

Economists Divided: Should the SARB Cut the Repo Rate?

57% of economists on Finder’s panel think the repo rate should hold and 43% are in favour of a rate cut.

SAIBPP | Open Letter to Ramaphosa Following Mooikloof Announcement 

SAIBPP, South African Institute of Black Property Practitioners, notes with concern the announcement made by President Cyril Ramaphosa on the launch of the Mooikloof MegaCity Development. 

SA REIT Association Rolls Out Repositioning Strategy

The SA REIT Association, the representative umbrella body for South Africa’s listed property sector is rolling out a repositioning strategy and additional capacity to support South African REITs adjust for long-term sustainability.

Cape Town welcomes the launch of affordable housing development

Amdec announces the development of a R500 million affordable housing estate in Ottery, Cape Town. 

Rate Decision Welcomed as First-Property Buyer’s Market Booms

The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is welcome news, especially for first-time property buyers.

Repo Rate Remains Unchanged At 3.5%

The repo rate remains unchanged, which means the prime lending rate stays at 7%. Industry experts differ on opinion concerning the latest announcement by the Monetary Policy Committee (MPC).

Repo Rate & Recovery of the Property Market

The property market is set for a solid year, even if the South African Reserve Bank (SARB) announces next week that the repo rate will remain unchanged.

Buyers Responding to Rate Cuts

The decision by the Reserve Bank to cut the repo rate by a further 25 basis points to 3.50%, is welcome relief for the property market and households.

Housing Project Handed Over To Beneficiaries

When homes are handed over to our most vulnerable residents, it empowers them as first-time property owners.

POPI’S Impact On Sectional Title

Protection of Personal Information Act (POPI Act) – now that it is here, the wisest course of action for trustees is to get up to speed.

Brenda Matyolo Joins PayProp Board in SA

“We are proud to have Brenda on board and excited to put her tremendous knowledge and experience of the South African market to work, to maintain and grow our market leadership.”

What Rate Cut Means For Real Estate

These are unprecedented and uncertain times and we need as much support from the Reserve Bank as possible to boost confidence to invest in the property market & economy as we emerge from the Lockdown.

New Property Sector Council Formed

A new representative council has been formed to provide a single voice for property practitioners to speak with authority on issues connected with the property industry.

Passing of Marc Wainer is a loss to the property sector

The legendary founder and pioneering property investor and developer Marc Wainer had retired from the company at the end of August 2019.

Rate Cut Applauded for Economy & Property Sector

This rate cut takes the interest rate to a new historic low. Together with the previous cut, this is vital for when the country comes out of the COVID-19 Lockdown & the recovery starts.

Room for Further Interest Rate Cut

“As the Deeds Office is currently closed, transactions underway can still be at least partially processed online, ready to be concluded once the lockdown is lifted.”

LOCKDOWN – Effects on Real Estate & the Economy

This lockdown will bring the economy to a standstill if businesses fail to get creative with their offerings & their operations in order to remain productive within this situation.

Rate Cut – Stimulus for Economy & Property

The decision by the MPC to cut the repo rate by 100 basis points is a welcome stimulus for the economy & property market. 

Selling & Buying Properties During Coronavirus

How do we to continue providing value-adding, secure and safe property services?

Community Living in the Time of COVID-19

Marina Constas, BBM LAW Following the declaration of a national state of disaster by President Cyril Ramaphosa to curb the spread of Covid-19 in South Africa, the trustees and directors of community schemes like townhouse complexes, retirement villages and residential estates must ensure that the measures implemented by the President are complied with, says specialist […]

Impact of Coronavirus on property market

By Carl Coetzee, BetterBond CEO  On Sunday night President Cyril Ramaphosa addressed the nation about coronavirus, declaring the outbreak of Covid-19 a national disaster in terms of the Disaster Management Act. He assured us that all necessary measures and systems will be mobilised to contain the spread of the virus and to limit the effect […]

The Future of land expropriation without compensation

Land reform is a prevalent concept in the documents of various political parties contending for governance in South Africa. Not only does mentioning this concept win parties some votes, but leads to panic for most of South African citizens. It massively frightens businesses, property owners, farmers etc. Comments about land reform in the country are […]