New wave of change for Africa’s real estate market
Africa faces a critically important 2017, and while real estate occupiers and investors have both been accustomed to years of high-growth rates above global averages, the potential economic and political headwinds could lay the foundation for a new way forward in Africa.
This is according to Malcolm Horne, Group CEO for Broll Property Group, a commercial property services company, who says it is often in the diversity and complexity of a situation that the solution is to be found.
“Faced with potentially turbulent times ahead, the journey will not be easy and decisions will often be very difficult at a political level. But, if the correct direction is chartered, Africa will remain a continent of diverse opportunity,” says Horne.
Is buying property off-plan a good idea?
There’s always a risk associated with buying something that you can’t see, and buying property off-plan means exactly that - you are buying your new home in a sectional title complex or cluster home scheme before it’s been built.
This means you will be depending on the developer and builder to complete your home properly, within your desired construction design requirements and timeously.
“There are many benefits of purchasing a house off-plan, firstly there is no transfer duty as you are purchasing the property directly from the developer,” says Jonathan Kohler, CEO Landsdowne Investment Properties.
Joburgers, be an agent of change: step up, clean up on 30 Sep
Tapping into the inherent potential of people to be agents of change, Executive Mayor of the City of Johannesburg, Councillor Herman Mashaba, is facilitating the launch of a monthly volunteer campaign, largely focused on cleaning the city, but also going beyond this.
Mashaba has called on the community of Sandton to be a part of this movement for a better city.
“On a trip to Rwanda a few years ago, I was taken aback by this kind of campaign which runs every month. Once a month, every resident of Rwanda, including the President, goes out and cleans the streets and neighbourhoods. The result of which is one of the cleanest countries in the world, both because of the cleaning but also the consciousness and pride it creates,” says Mashaba.
What to expect at this year’s Cape Homemakers Expo
The 2017 Cape Homemakers Expo will celebrate this year’s theme, ‘A Tribute to Your Home’, with an impressive range of home and gardening products, and professional advice under one roof.
The expo will take place from 31 August to 3 September at the CTICC, and will showcase some inspirational ideas and features, including highlights such as take it OUTSIDE, the MARKET, for the love of CONCRETE Design Competition and the 12 Izitulo Design Challenge.
Here’s what to expect…
Eight handy tips when selling a vacant home
Listing and selling a home can be a stressful time, especially if the homeowner no longer lives in the property.
Well, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says the unfortunate reality is that a vacant property is a vulnerable target for vandals and the chance of the home being broken into increases.
“An unoccupied home is an easy target for criminals, which means sellers need to take extra caution. Precautions need to be taken to ensure the home remains in its best possible state and protected from unsavoury elements in society,” says Goslett.
Goslett shares some tips to help buyers protect the vacant property during the sale process: