Average house price growth in the Mother City may have dropped to its’ lowest level in a decade but it’s all part of the property cycle says experts. Cape Town remains SA’s jewel in the crown, it’s very own Monaco.
Recent events again show estate agents in South Africa have to be aware that certain situations put them at risk of falling victim to opportunistic criminals – whether showing a property to potential buyers or even just taking down their boards after a show day.
The changes to the Financial Intelligence Centre (FIC) Amendment Act were implemented in October last year. The real estate industry graciously got an extension till 1 April this year to ensure they have the right documentation and procedures in place to be compliant with the Act’s new requirements.
Low-cost real estate agencies have been making an undeniable splash in the media recently. With the cost of living for South Africans rising every day, it’s certainly refreshing to see a service that claims to be dropping prices rather than increasing them.
The demand for rentals among millennials is on the increase, and it’s easy to see why. In Deloitte’s 2018 Millennial Survey of over 10 000 people born between 1983 and 1994, the research found that freedom and flexibility were key workplace priorities for this age group.
The all-important question of transformation and finding a practical and sustainable solution to this challenge remains the number one imperative for the residential real estate industry says Richard Gray, chairman of the Real Estate Business Owners of South Africa (Rebosa).
