Author: Editor

Property industry honours Madiba’s legacy

“As we celebrate what would have been Nelson Mandela’s 100th birthday, we remember an incredible man who was a leader among leaders and a great hero of the world’s history.” Nelson Mandela – freedom fighter, statesman and for many a hero. Wednesday 18 July would have been his 100th birthday, a special occasion honoured also by the local property industry to commemorate Madiba’s legacy through acts of goodwill. According to the Brand South Africa website the idea of Mandela Day was inspired by Nelson Mandela himself when he said during his 90th birthday celebrations in London’s Hyde Park in...

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YOLO, JOMO or FOMO? – understanding Millennials

“The key to any successful tenant-landlord relationship is effective communication.” The meaning of phrases such as landlords ‘being really extra about lit parties’ and tenants promising ‘to have this adulting thing down’ may be clear as day to Millennials, but Greek to older generations. Thankfully, RE/MAX of Southern Africa compiled their own Millennial Tenant Dictionary. Press “Considering that most South Africans can only afford to purchase property in their late thirties, it is highly probable that most tenants belong to the Millennial generation who are currently in their early twenties and thirties, and that most landlords belong to the...

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Weighing up rent to buy

“There are various ways a rent-to-buy option can be structured and equally as many ways that these deals can go awry.” Rent-to-buy gives cash-strapped homebuyers the option to own a property in the area of their choice however make sure they read the fine print carefully warn property experts. It is also an option for sellers whose properties have been on the market for a while. Rent to buy or own is where the tenant signs a rental agreement or lease that has the option to buy the property later, usually within three years. Every month, with the usual...

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Time to disrupt the real estate status quo

“If we look at the traditional real estate model, the role of the agent was to connect buyers and sellers and provide reliable information and advice for both parties” For too long, South African real estate agents have been stuck in the past, delivering the same kind of service the same kind of way that they have for the last fifty years. According to Tony Clarke, managing director of the Rawson Property Group, the time to disrupt this status quo is now. “Our industry – a multi-billion-rand industry – is failing to communicate our value by sticking to old,...

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Weighing in on property as investment

“Any property market is a direct factor of the economy, and for a good property market, you need a good economy and hence we are seeing a market in decline.” The second semester has just started with another fuel price hike predicted in August and economic conditions in general appear set to remain sparse for the remainder of 2018. While remaining hopeful that things can improve, Samuel Seeff, chairman of the Seeff Property Group, weighs in on how to advise people about making the right property investment best suited to their needs. Data surveys of the first semester indicate...

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