The property market may ‘hope’ for interest rate cuts to boost short-term demand, and periodically, this happens, but in South Africa, new residential development remains mediocre.
FIRZT is broadening its footprint throughout Gauteng, and has announced that Stephen Whitcombe has joined the Group as managing director.
The first Rode Report for 2024 shows that nominal house price growth remains slow amid a weak economy and elevated interest rates. Expectations of interest-rate cuts have been dialled back, while uncertainty over the outcome of the national elections holds buyers back.
Steven Fisher, a director of Fluxmans Attorneys, explains what happens if a conveyancer needs to pay out a split commission, but one of the agents doesn’t have a valid FFC.