Author: Lauren

Global micro-living trend hits Woodstock

Cape Town will soon have its first micro-living apartments, following a trend in cities such as Berlin, London, New York, Barcelona and Paris. The 133 micro-units will range from 21m2 studios to 75m2 two-bedroom units. All apartments at 1 on Albert in Woodstock will feature top-end appliances, smart TVs and high-speed Internet connectivity. Units are priced from R799,000 to R945,000, including transfer duty. Construction is set to begin in February 2018. Dogon Group Properties MD Rob Stefanutto says the development will feature communal recreational spaces, shops, a food court, a laundromat and a heated swimming pool. Award-winning firm Louis...

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Can attorneys act as estate agents?

“There’s nothing illegal about attorneys acting as estate agents, says John Gilchrist, Director of Property Law Publications, and here’s why…” For as long as I can remember (and that’s quite some time), practising attorneys have been allowed to act as estate agents under their own practice names provided they do so from the premises of their practices. This hasn’t caused a stir in the real estate industry until now, mainly because of the franchise known as 3%.Com. The company has a number of members throughout South Africa and is perceived to be aggressively competing with traditional estate agencies for...

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Tough budget was needed — property industry

“It is what is needed at this point in our economy,” said Leapfrog Property Group CEO Bruce Swain. Property industry leaders say while the 2018/2019 budget is necessarily tough, initial belt tightening could lead to an improved property investment environment. He advised home owners to look after their budgets carefully. “It’s going to be more important than ever to know where every cent is going, to ensure that home owners do not run into financial difficulties,” said Swain. “Sellers and mortgage lenders still favour buyers with sizeable deposits and buyers may well find that they can’t put away as...

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Property industry welcomes ‘Cyril Spring’

The property industry has reacted with delight to the appointment of Cyril Ramaphosa as President of South Africa. Industry leaders say the election of Ramaphosa as head of the ANC and his subsequent swearing in as president of the country has already had a positive impact. Rudi Botha, CEO of bond originator BetterBond says property appears set to take off as consumer and business sentiment begins to translate into more investment, greater economic growth, increasing employment and more home affordability. “We are already seeing the effects of this new-found confidence in the property market, as reflected in the steadily...

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Ask the expert: stone cladding

A treatment that looks as ancient as it is modern, natural stone cladding instantly transforms a living space.   John Almon, owner of The Tile House in Paarden Island, Cape Town, says it can also add value to a home. Follow his suggestions: IT’S COST-EFFECTIVE Natural stone cladding (a stone cover or coating on a structure) gives the appearance of a solid stone wall, but is much cheaper. Colour trends include black, grey and white. Formal cladding with smaller riven pieces is a current look for interiors. CHECK IF IT NEEDS SEALING Cladding is resilient and low-maintenance, depending on...

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