If the repo rate increases this week, the monthly repayment on a home of the same value at a prime lending rate of 8.25% will be R10,000 less than it was 14 years ago.
Latest in news in property and conveyancing
Malicious actors undertake email spoofing to gain sensitive information or hijack transactions by impersonating organisations using forged email addresses.
“Through this bill, it is hoped that home builders will benefit by appointing registered builders, which will ensure quality housing, as well as extend protection through the extension of warranty cover,” said committee chairperson, Machwene Semenya.
In response to the many complaints from property owners, Airbnb recently announced free top-to-bottom protection for every host against risks from guests behaving badly.
The South African Reserve Bank is likely to hike interest rates by a further 25 basis points this week to 4.25% in an attempt to slow inflation, say, economists.
Finance minister Enoch Godongwana delivered his maiden budget speech this week with few surprises
“The Bill gives effect to ensure our approach to land reform is based on three elements – increased security of tenure, land restitution and land redistribution,” it said.
The regulations also outline the rights and obligations of both tenants and lessors, with a full mediation and tribunal process outlined should a disagreement arise between the two parties.
The conveyancing attorney, as the driving force behind the transaction, will oversee each step of the process.
overlooked costs such as moving costs, occupational interest, municipal rates and taxes, repairs and maintenance as well as home insurance.”