It is vital that before entering the property market an individual considers what requirements they may have as well as what they will be able to afford. ...read more
Historically, property has been the second-best performing asset after shares, and as such is a must for any investment portfolio. Investors must be aware, however, that the full potential of property investment is only realised in the long-term. While there are certainly profits to be made in an immediate sense, the serious wealth is only achieved in the long haul.
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The debate – whether it is more financially sensible to rent or buy a house – is an ongoing one. South Africa’s current economic condition has created a doorway for many new buyers to enter the property market. Those that could not previously afford to buy property because of the higher listing prices are
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Home Insurance is the type of property insurance that covers private homes, and is essentially a policy that provides personal protection for the home owner. Depending on the type of policy and the company providing it, insurance may include cover for losses and damages to one’s home or its contents, and accidents that may occur
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According to several sourced reports the majority of distressed properties are listed within the Gauteng area. While indicators have shown that the conditions within the national property market are slowly improving it is obvious that distressed and repossessed properties are still a stark reality within that market. The opinion of experts within the market
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Repossessed properties, or ‘Properties in Possession’, comprise such properties that have been bought by the bank after the current owner defaults on the bond that the bank holds. Distressed properties can be classified as such when a homeowner misses home loan repayments to the extent that the holder of the bond, usually the bank, issues
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Before signing on the dotted line, it is incredibly important for prospective homeowners to consider the additional costs involved in purchasing a property over and above the selling price. Many buyers who are itching to enter the property market are mainly concerned with what their bond repayments will be, and fail to realize the impac
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South Africa’s construction industry has been gearing up to go green for some time and recently the exciting results have been inciting much comment throughout the nation’s populace. Many people are still unsure exactly what a ‘green’ building actually is. According to the Green Building Council of South Africa (GBCSA) a green building is energy
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When Eskom announced its intention to build its second most advanced coal-fired power plant in the municipal area of Delmas in Mpumalanga, few realistically anticipated the pressures this would place on the rental property market in the areas surrounding the plant. It appears that properties in Witbank, in particular, are in very high demand as
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Following the global financial crisis in the first quarter of 2008, South Africa’s property market appeared to grind to a halt following its massive boom in the years from 2000 to 2006. Then, in 2010, the market experienced a brief upsurge as the country hosted the 2010 FIFA World Cup, but slowed down again in
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