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Show houses may be a thing of the past  A battered but forever optimistic real estate sector is back in business from June 1.
Stylish pictures of real estate make all the difference  Professional photos of a property have always been important, and during the Covid-19 pandemic, they have even more power to make or break a sale.
Property still best investment – industry head    Â Real estate icon, Bill Rawson, chairman of the Rawson Property Group welcomed the reopening of the real estate sector in Level 3 but says the effects of lockdown would be long-lasting. 
Construction’s bittersweet return  Â Monday will be a bitter-sweet day for the construction industry as workers are finally permitted to pick up their tools and restart their equipment after two months. 

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Experts answer your property questions

Property experts answer questions about buying or selling property in this tricky time.

 

Buying or selling a home always requires research and careful consideration. In these unprecedented times, however, making these life-changing decisions can be more difficult. Our experts offer insight to help property buyers and sellers make the best decisions.

 

Q: I have found a home that I love, and am so tempted to buy it, but it is priced at my maximum budget. I’ve been told this is not a good idea, but since I really love the home, would it not be worth it?

A: You can be tempted to buy a home that might stretch your budget but overextending yourself is never a good idea as you risk losing your home if the unexpected happens and you fall on tough financial times. You’ll also have less wiggle room in your monthly budget for other bills and expenses. – Claude McKirby, Lew Geffen Sotheby’s International Realty

 

Q: The repo rate has just been cut again but, in practical terms, what does that mean for me as a soon-to-be homeowner?

A: On a R1 million bond at the current prime rate of 7.25%, monthly repayments have gone down from R9 400 a month to R7 900 a month – a difference of more than R1 500 or 17% a month. That’s meaningful, especially if you consider that it’s an after-tax saving. If you also factor in the petrol price reductions over the past few months of almost R4 a litre, consumers will have some additional disposable income. The rate cuts will also mean lower repayments on all other forms of credit, including car finance, personal loans and credit card balances, which will bring further relief to many households currently in financial distress due to the Covid-19 lockdown. – Herschel Jawitz, Jawitz Properties

Read more: Experts answer your property questions

 
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Business

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The Covid-19 crisis has provided an opportunity for government to reform its state-owned enterprises, so much so that President Cyril Ramaphosa is optimistic about the future of troubled entities SAA and Eskom.During an address to the South African National Editors'...

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National Treasury now estimates that job losses could be between 690 000 and 1.79 million due to the impact of Covid-19 on the SA economy.Initially, in a presentation circulated among members of the Standing Committee on Finance on 30 April, Treasury indicated...

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Politics

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At least three ANC top six officials, including President Cyril Ramaphosa, have cautioned Tito Mboweni against his apparently controversial public statements and Twitter rant – but that’s as far as it goes. The finance minister enjoys the backing of the president...

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There is "nothing sinister" behind the state's decision to renew the ban on the sale of tobacco products under Level 4 of the lockdown, according to Minister of Cooperative Governance and Traditional Affairs Dr Nkosazana Dlamini-Zuma.The minister last week deposited...

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Sports

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Stormers coach John Dobson struggles to see how South African rugby can host a domestic version of Super Rugby as well as the Currie Cup in 2020. As the nation-wide lockdown in the fight against the global coronavirus continues, the window for SA Rugby to get...

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Stormers coach John Dobson has expressed confidence that the franchise will hold onto its big-name players in the coming days, including 2019 World Rugby Player of the Year, Pieter-Steph du Toit. There has been sudden interest from overseas clubs in South...

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