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Easier to step on real estate ladder  First-time home buyers are taking advantage of the weak economy and over-supply in the property market.
How super commuters are changing property profile  "Super commuters" earn good salaries in big cities while their families live safely away from the hustle and bustle.
Bank progamme a saving grace for property owners  All banks offer voluntary distressed property sale programmes.
Brace for big surge in rent  An increase in monthly rents and demand is expected in upcoming months across the country.

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What landlords and tenants need to know about the Property Practitioners Act

The Property Practitioners Act now just needs the president’s signature to come into effect, and when it does it will bring about many significant changes in the property sector.

 

The Property Practitioners Act will not only replace the Estate Agents Act which has been in force since 1976, but considerably broaden the scope of that legislation to cover commercial property brokers, bond originators, home inspectors, home owners’ associations, companies selling timeshare and fractional title, property developers and property managers as well as “traditional” estate agents.

 

The new legislation also defines a managing agent, says Andrew Schaefer, MD of national property management company Trafalgar, as “anyone who collects or receives any money payable in respect of a leased property or business undertaking or who provides, procures, facilitates, secures or otherwise obtains or markets financing for or in connection with the management of leased properties.

Read more: What landlords and tenants need to know about the Property Practitioners Act

 
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Business

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The SA Reserve Bank will likely cut the repo rate by about 25 basis points at its Monetary Policy Committee meeting in July and then keep rates flat for a while, Nicky Weimar, senior economist at Nedbank, said on Wednesday.In her view, such a rate cut might lead...

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It took a day to make the suit worn by President Cyril Ramaphosa on Thursday evening for his State of the Nation Address, and the company that created it hopes the presidential nod will inspire the nation to buy locally-made goods.The bespoke suit from House of...

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Politics

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Judgment in the land occupation case against EFF leader Julius Malema was reserved by the Bloemfontein Magistrate's Court...

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A tense standoff is unfolding between former president Jacob Zuma and the state capture commission of inquiry, headed by Deputy Chief Justice Raymond Zondo.It is now increasingly likely that the commission will have to resort to employing its wide ranging powers...

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Sports

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Cape Town – You have to feel a bit for Ottis Gibson, standing over what are effectively the dying coals of the Proteas’ CWC 2019 campaign.It is his now monumental task, in tandem with unusually drawn-looking captain Faf du Plessis, to try to lift the national...

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Cape Town - Former Proteas coach Ray Jennings says he does not believe that AB de Villiers made himself available for South Africa's Cricket World Cup campaign 24 hours prior to the team being announced."AB is the most sincere person - definitely not selfish...

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