Property entrepreneurs: Sowing the seeds of inclusivity in SA’s inner cities
The Inner City Property Conference, hosted annually by TUHF Limited, took place at the Sunnyside Hotel in Parktown, just north of the inner city, on 30 October. The event welcomed a line-up of highly anticipated speakers, which included industry leaders, business and investor stakeholders as well as government representatives.
The rebirth is underway, but challenges remain
Across South Africa, our inner cities are experiencing a rebirth that is challenging old preconceptions and turning these once dilapidated spaces into some of the most vibrant, desirable and affordable places to live and work.
With a global trend toward urban living and the appeal of accessibility to property investors and residents alike, disused spaces are being transformed into thriving communities. This is affirmed by the trend whereby people are replacing large outlying properties locked away behind suburban walls and conveniently creating entire neighbourhoods inside their very own ‘living rooms’ – within walking distance to work, shopping, transport and dining opportunities, and returning to compact lock-up-and-go apartments that better suit today’s busy lifestyles and affordability.
Why property transfers take longer over December
Buyers who have purchased property at this time of year are going to have a slightly longer wait ahead of them before the property will be transferred into their name.
This is according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who says as with most other businesses, the various Deeds Offices across the country close over December, most of which close around the 21st and re-open around the 2nd of January.
“This means that the standard eight to ten working day waiting period will not apply to sales that have been completed during December,”” Goslett explains. “Delays are also likely to occur on transactions which are completed in January, as the Deeds Office often only employ skeleton staff for the first few weeks and will have to catch up on the backlog when they get back into full swing come the middle of the month.”
Seven smart steps to choosing 2020 student accommodation
With universities openly admitting they don’t have enough on-campus accommodation for their students, there’s no time like the present to start looking for alternatives for your child as they plan their accommodation for 2020.
The ideal is to find somewhere close to campus that’s secure, well-run and clean, and that offers similar or the same social support structures as found in on-campus residences. Also, look out for hidden costs that could crop up during the year, like having to pay extra for internet connectivity, laundry, or a gym, says Craig McMurray, CEO of Respublica Student Living, which offers a holistic approach to student accommodation, with an all-inclusive offering and rate.
“It’s vital that you’ve got a clear lease agreement that you and the landlord sign, so that you both understand your rights and obligations,” says McMurray. “It’s also worth choosing a specialist student accommodation provider with experience in managing young people who are living away from home for the first time.”
He offers advice to students looking for accommodation: