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Is it better to restore or repair a heritage home? It's no secret that old homes have a very special kind of character that is difficult to replicate ...
A landlord's guide to following up on late payments When you've screened a tenant thoroughly and built a clause into the rental agreement ...
Should you sell in a down market, or wait it out? With the Ramahoria-effect waning fast, it is clear that it has not had the desired and anticipated effect ...
Cape Town apartments getting cheaper  The supply of apartments in central Cape Town is increasing and the rents are getting cheaper.

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External factors turn optimism to caution

The downhill slide to the end of 2018 could be more an uphill struggle for the countryÂ’s property market, with external factors leaving it facing a bleak outlook.

South Africa’s slow economy and rising living costs chiselled away at the optimism felt at the start of the year, leaving the “Ramaphoria” effect now pretty much non-existent.

Added to this is uncertainty surrounding land expropriation without compensation and its expedience ahead of the general election next year, says Stuart Manning, chief executive of the Seeff Property Group. Household budgets are under severe pressure due to rising costs, the most recent being yet another petrol price increase.

“The economy is characterised by low investment, constrained confidence and uncertainty about property ownership. The rich and those with money to spend on houses are holding back, which is concerning for the market.”

Read more: External factors turn optimism to caution

 
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Business

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The unchanged repo rate is good news for consumers and property owners, especially those with mortgage bonds,  said a property expert.Stuart Manning, CEO of the Seeff Property Group commented on the SA Reserve Bank's (SARB) Monetary Policy Committee (MPC) decision...

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Small open economies like South Africa are likely to suffer due to global trade wars, Reserve Bank Governor Lesetja Kganyago has said.The governor was speaking during a question and answer session following the rates announcement on Thursday afternoon. The monetary...

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Politics

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While the Department of Public Works turns to the court for the recovery of around R1.2bn lost to collusion, corruption and irregularities in leases, Minister of Public Works Thulas Nxesi is singing President Cyril Ramaphosa's praises."We now have a leader, in...

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An 11th-hour application to interdict the KwaZulu-Natal ANC provincial elective conference was dismissed in the KwaZulu-Natal High Court in Pietermaritzburg on Thursday."It was struck off the roll. The matter was dismissed with costs," provincial task team (PTT)...

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Sports

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Cape Town - Sharks coach Robert du Preez has named an unchanged 23-man line-up for their Super Rugby quarter-final against the Crusadersin Christchurch on Saturday.The Sharks beat the Jaguares 20-10 in Durban last weekend to sneak into eighth position on the...

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Johannesburg - We are on the cusp of a weekend where the South African Super Rugby participation will probably be cut to one team, and perhaps zero, but there is a silver lining to this bleak scenario. Springbok coach Rassie Erasmus confirmed the counter-point...

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