Reading room

IOLProperty News South African real estate news gathered from Independent Newspapers' publications and other sources

  • Has the Western Cape rental market reached saturation?
    by Editor on October 23, 2018 at 5:02 am

    Recent statistics show that the national average rental growth rate has more than halved since Q1 2017. According to Schalk van der Merwe, franchisee for the Rawson Properties Helderberg Group, one of the biggest influences behind this average decline was the unexpectedly poor growth of rental prices in the Western Cape. […]

  • Landlords may not disconnect services of tenants
    by Editor on October 23, 2018 at 4:46 am

    A landlord who considers his tenant an unlawful occupier because the tenant failed to vacate the property after a valid cancellation of the lease cannot disconnect municipal services to the property. […]

  • The difference between 'ordinary' home loans and 'building' loans
    by Editor on October 22, 2018 at 7:14 pm

    Whether you are buying a pre-owned property or a newly-built home, the home loan you will need is what the banks call an "ordinary" loan, and in most cases you will only have about 30 days to confirm to the property seller that your loan has been approved. […]

  • 'How to break up with your estate agent'
    by Editor on October 22, 2018 at 7:09 pm

    After the initial months of being flattered with high prices and wooed over with glistening listing brochures, the honeymoon phase with your real estate agent soon comes to its inevitable end. Eventually, you can't help but consider other options. […]

  • Don't look twice at a fast offer
    by Editor on October 22, 2018 at 7:06 pm

    If you were to ask home sellers how they would like the transaction to go, most would probably say that what they would really like is an offer to purchase at close to their asking price, as soon as possible. However, says Gerhard Kotze, MD of the RealNet estate agency group, those same sellers will often develop misgivings if their wish is granted and they receive a strong offer shortly after listing. […]