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Q: When finalising the details of my home loan, should I opt for a fixed or variable interest rate?  A: Homeowners and new home buyers need to explore the pros and cons of opting for a fixed interest rate versus a variable interest rate.
Plug-and-work remains office space trend  The challenging Covid-19 situation has forced countless corporate entities across the world to reassess their workspaces.
It’s a buyer’s market but caution rules  Hesitation more likely to affect properties over R1.5m; there is still a strong demand for cheaper properties and those drawing first-time purchasers. 
Airbnb properties flood rental market Tenants are in the pound seats as rental rates come down because of the number of units available. But owners are seeking briefer lets, hoping tourists will return by summer.

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Developers’ predictions post-Covid-19

Office and retail buildings expected to be sidelined while demand for secure and compact living rises.

The nationwide lockdown and transformed lifestyles are going to dictate which property developments come to the fore as developers respond to changed demands.

Office developments are among those that might be sidelined, says FWJK chief executive Dave Williams-Jones, explaining that companies have overcome the difficulties associated with working from home. This could boost the remote working trend which was emerging pre-lockdown.

“We expect this trend to continue until such time as the economy moves from recession to positive growth.” On the residential front, Williams-Jones expects more compact living and co-living space type residential developments to come to the market. Residential developments will always continue and there are constant new entrants into the market, says Rabie chief operating officer Colin Anderson.

“Demand and supply are as old as time and I believe that this market is the most resilient. Safety, security and convenience remain top priorities and developers who can offer a great product at competitive prices will continue to do well.” 

Read more: Developers’ predictions post-Covid-19

 
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Business

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The Reserve Bank has introduced a 25 basis points rate cut, with Governor Lesetja Kganyago saying inflation is expected to be "well contained" in the medium term.Kganyago on Thursday announced that the Monetary Policy Committee was divided on the decisionThe repo...

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South Africa’s municipalities owe water boards over R10 billion.Human Settlements, Water and Sanitation Minister Lindiwe Sisulu says the non-payments threatens the sustainability of water boards.Sisulu has also vowed to tackle corruption in her department. Human...

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Politics

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All political parties expressed concern about corruption at a municipal level during the debate on the Department of Cogta's adjusted budget.The DA's Haniff Hoosen said instead of fighting corruption, Cogta Minister Nkosazana Dlamini-Zuma was fighting "zol and...

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Nkosazana Dlamini-Zuma has asked the SCA for leave to appeal Judge Norman Davis' ruling, which declared six lockdown regulations irrational.She stated that these regulations weren't even in existence when the court heard the matter.She will also appeal the blanket...

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Sports

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Jofra Archer was recalled Thursday to England's squad for their series decider against the West Indies despite saying he might not play following racist abuse he received after being left out of the second Test for a breach of coronavirus regulations."I need...

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Smart budgeting has allowed the Pumas to mitigate some of the financial losses it will suffer from not being able to host this year's Springboks-All Blacks Test.Due to the international fixture list being announced relatively late, the union didn't budget for the...

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