Thursday, July 29, 2021
   
Text Size

Site Search powered by Ajax


Please log queries with our helpdesk, email address helpdesk@veriagent.com 
image image image image
Avoid a bidding war at all costs  Â Q: We are buying our first home but seem to be losing out to other buyers in what is becoming a bidding war. 
How do you know the time is right to move to a retirement community?  Experts suggest many older people postpone the decision to move into a retirement community until they discover they are running out of options.
Young first-time buyers are dominating the property market in 2021  Â More than 36000 aspiring homeowners have made their dream come true this year by taking their first step onto the property ladder. 
Hi-tech boost for property industry  Pandemic hastens uptake of new technologies in the sector.

Media Headlines

Latest News

Tough times continue for the property rental market

Landlords and agents struggle in the sector, thanks to the affects of Covid-19, with many former tenants opting to buy property.

Good tenants are still hard to find. In fact, it’s so difficult that many rental agents are even reducing their commission to have the best chance of luring those still in the market.

The battle with rental arrears is also high on the list of challenges, reveals PayProp’s 2021 State of the Rental Industry survey.

Johette Smuts, head of data analytics at PayProp, says the drop in availability of “good tenants” is linked to the fact that many South Africans are suffering financial strain due to the pandemic, while others have taken advantage of low-interest rates to purchase property.

“Good tenants have found it easier to qualify for home loans than ever before and are consequently leaving their rented properties for owned properties.”

With the financial strain on tenants affecting their ability to pay rent, agents have had to be creative to keep cash flowing, find tenants and keep mandates, she says, “The survey results show that 93% of respondents agreed to some form of alternative payment arrangement with tenants, which also clarifies why 60% of respondents reported an increase in time spent on monthly administration…”

Read more: Tough times continue for the property rental market

 
Move
-

Business

Top Headline

BUSINESS activity and sales were hit by the reintroduction of stricter measures in South Africa in June, when the country was put back to adjusted Level 4 lockdown. The IHS Markit Purchasers Managers Index (PMI) yesterday (MON0 showed the first output fall in...

Read More...

PETROCHEMICALS giant Sasol and the Industrial Development Corporation (IDC) have signed a memorandum of understanding to collaborate on developing and shaping an enabling environment for South Africa’s green hydrogen economy. In a statement yesterday, the parties...

Read More...
Move
-

Politics

Top Headline

An intricate web of corruption and claims of identity theft involving the Road Accident Fund (RAF), the City of Joburg (CoJ) and Investec Bank has been uncovered after a Pretoria-based law firm discovered that the RAF allegedly had 16 bank accounts with Investec...

Read More...

The Zulu royal family has found itself even more entangled in the Jacob Zuma issue as Mgilija Nhleko, the “Commander of Zulu regiments”, hit back at Inkosi Mangosuthu Buthelezi, insisting that he is the commander of the structure. He claimed that he was given...

Read More...
Move
-

Sports

Top Headline

  It amazes me that some South Africans were surprised when the British and Irish Lions smashed the local Lions by almost 60 points in their tour opener. It was always going to happen for two reasons: Firstly and most significantly, the Lions have an...

Read More...

MELBOURNE - The Australian Grand Prix was called off on Tuesday for a second year in succession due to logistical problems caused by the pandemic, but Formula One bosses said they still planned on a 23-race season.The race had been scheduled on November 21, but...

Read More...

Property Search




 City
 Suburb
 Price From
 Price To

Top Headlines

  • 1
  • 2
  • 3
  • 4

Monthly Poll

Do you think SA can win the 2020 Olympic bid?

Latest News

Online Payments


Veriagent.com accepts Mastercard and VISA card payments on this website, powered by PayGate.

Disclaimer

IMPORTANT: DISCLAIMER. YOU ASSUME ALL RISK AND RESPONSIBILITY FOR YOUR DECISION TO USE THE VERIAGENT SERVICES. THE VERIAGENT SERVICES AND ALL RELATED SERVICES ARE OFFERED "AS IS" AND VERIAGENT DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
Website Security Test

Login Form


Version 1.3