Making the momentous decision to buy property in a retirement village is not one that should be taken lightly. Retirement villages and estates have been developing nation-wide at a rapid pace, creating great opportunities for investors and retirees alike. For those planning to buy in a retirement village or estate, it is vital to consider all the options and whether all the facilities and amenities you may need are available at the particular village or estate.
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Located at the very heart of Kwa-Zulu Natal's Northern Coast, Ballito lies only 30 minutes north of Durban, and is flanked on the east by vast golden beaches and the warm water of the Indian Ocean. Popular nation-wide as Kwa-Zulu Natal's premier coastal holiday destination, Ballito emits a friendly, relaxed village atmosphere that entices many visitors. This perception of the once sleepy village is rapidly changing, however, as more buyers are viewing Ballito as a permanent residence instead of just a holiday locale. The boom of commercial growth in areas like Umhlanga is boosting property sales further up the Dolphin Coast, with sellers in Ballito reaping the rewards.
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Due to the thriving local economy and steady job creation in Polokwane, demand for residential homes has been consistently increasing as more people move to Limpopo’s capital.
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Latest statistics from First National Bank reveal some interesting trends in the property market. The ‘property barometer’ report released on the 19th of October lists predominant reasons given by sellers for selling their primary residences. Also known as the FNB Estate Agent Survey, the property barometer report provides valuable insight into the current developments and fluctuations in the market.
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One of South Africa’s most charming and scenic destinations, Franschoek is located in the valley-strewn lands of the Western Cape. Known the world over for its spectacular beauty, world class restaurants, wines and cuisines, the town was founded in 1688 by French Hugenot refugees and is located in the very heart of the Cape Winelands.
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Earlier this month construction officially began on Protea’s latest Fire and Ice hotel in Summit Place opposite Menlyn Mall in Pretoria.
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As one of the southern suburbs of Cape Town, Rondebosch is bordered by the suburbs of Rosebank, Rondebosch East, Claremont, Newlands and the breath-taking slopes of Devil’s Peak. Predominantly a residential suburb, Rondebosch also offers residents a shopping zone and small business district. The suburb is best known as an entertainment hub and for its vibrancy and bustling vibe due to the University of Cape Town’s proximity.
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Yesterday we looked at the first two steps that are involved in the purchase of a property, namely the signing of the Offer to Purchase contract and the role that the bond originator plays in obtaining finance for the mortgage. Following that the next five steps are involved in buying and registering a property.
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Part One The process involved in registering a bond or property transfer is usually straightforward and simple. Occasionally, however, the progression can be delayed by additional hurdles that arise when dealing with a deceased or mandated estate. The flow of the procedure remains the same in essence in these cases, with perhaps an added step or two. This guide serves to outline the basics of a normal purchase and property transfer.
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The Western Cape average house price growth has, since the first quarter statistics reports, shown the most significant growth since the bottom fell out of the property market in 2007. Already in the first quarter of 2012 the property prices in the Western Cape showed an increase – year-on-year – of 8.2%, ahead of all other South African provinces.
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