Call for property owners to inspect third Valuation Roll
EThekwini Municipality - South Africa
EThekwini Municipality has released its third General Valuation Roll and encourages all property owners to inspect the roll and lodge an objection if necessary. The roll is open for inspection and objection from 10 February to 31 March 2017.
A general valuation is required to be undertaken at least once every four years in terms of the Municipal Property Rates Act. Previous rolls were released in 2008 and 2012.
The General Valuation Roll contains over half a million property entries, the majority of which fall within the Residential Rating Category. The remaining categories include commercial properties, houses and sectional title units and vacant land.
The third General Valuation (GV2017) will come into effect from 1 July 2017 to 30 June 2021.
Good city governance enhances home values
Ennik Estates - South Africa
“It is a global real estate fact that well-managed cities that are clean, relatively crime-free, with solid infrastructure and reliable service delivery, invariably protect – and grow– home values within their municipal boundaries.”
This is the view of Ronald Ennik, a long-time marketer of higher-end Johannesburg residential property.
“Cape Town, which has for some time been the top performing large-metro residential property market, is currently a prime example,” adds the founder and CEO of Ennik Estates, the exclusive affiliate in Gauteng of Christie’s International Real Estate.
Inter-provincial repeat home buyer migration trends
FNB - South Africa
Our annual Repeat Home Buyer study for 2016 showed still further strengthening in the Western Cape’s ability to attract repeat home buyers to the region, while also showing an acceleration in Gauteng’s net outflow of repeat home buyers. The Western Cape now far outperforms the other 8 provinces in this regard. This goes some way to explaining the province’s far stronger 2016 house price growth than the rest.
Given that many people vote with their feet, studying migration patterns between regions in South Africa can provide a good indication of household perceptions towards regions, perceptions of economic opportunity, lifestyle or how well a region is run perhaps. Deeds Office data offers us the opportunity to gain an indication of a region’s attractiveness by trying to quantify the migration of repeat property buyers between regions, in this case between provinces. Repeat home buyers are those who sell a property and buy another one within a reasonably close time period to each other.
FNB Property Barometer