Author: Lauren

The real impact of the Property Practitioners Bill

Richard Stevens paints a bleak picture about the potential impact of the Property Practitioner’s Bill on his small real estate agency We are a small, black real estate agency and have been operating our business, sheridaproperties, since October 2011. My wife, Sherida, has been an estate agent since 2003, and has obtained a Fidelity Fund Certificate every year since. I am a full status estate agent (Professional Practitioner in Real Estate) and my wife is the Principal Estate Agent (Master Practitioner in Real Estate). We have consistently aimed to comply with legislative and continuing professional development requirements in our...

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Gold Rush

There is risk involved but now might be a good time to invest in Johannesburg Local estate agents remain optimistic price growth in Johannesburg despite concerns about South Africa’s recent downgrade to sub-investment grade, or junk status, by major ratings agencies. Says Ronald Ennik, founder and principal of Ennik Estates: “The Johannesburg residential property market is set for an upturn after a long period of uncertainty and flat-lining prices. Fundamentally, Johannesburg home prices at present are the most undervalued they have been in the past 20 years. There are opportunities galore to buy at discount.” He says this is...

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3 industry issues you should know about right now

REBOSA CEO Jan le Roux outlines some big issues that the property industry is keeping an eye on 1. Property Practitioners Bill The importance of the new Bill cannot be overestimated as it will dictate how the property industry operates for decades to come. REBOSA has been gearing up to comment on this Bill for some time. We have now submitted detailed comments to the Minister of Human Settlements – in total 108 points of positive criticism. We will continue in this vein; we have requested a meeting with the Minister and for the right to address the Parliamentary...

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How will ratings downgrade impact the property market?

Downgrades by international ratings agencies and the knock-on effect could take its toll on residential property. Nedbank experts explain what your clients should know about market changes so they can weather the storm International rating agencies assess a country’s ability to repay its debt, make interest payments on time and repay capital. The lower the credit rating, the higher the risk of default. The direct effect of being downgraded is increased cost of borrowing. So how do these recent downgrades affect the country’s property market? The economic implications depend on how the ratings downgrade impacts the rand, infl ation...

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