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16 November 2017

ANC conference outcome to impact on housing market
South Africa - Business Report
Considerably pent-up demand for residential property was likely to emerge if next month’s ANC elective conference provided clarity on South Africa’s political future and a positive outlook, said Pam Golding Property (PGP) group chief executive Andrew Golding. This would result in a marked improvement in the local residential property market, Golding said yesterday.

Golding added that the ANC elective conference would either result in a business-as-usual outcome, which would see the national housing market remaining sluggish while activity continued to thrive in the major metros, or it could result in a marked rebound in business and consumer confidence. He believed three key trends would gather momentum next year.
Business Report

Top tips for short term rentals
South Africa - Rawson
The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.

If you’re thinking about renting out your home for the short-term, there are a few more important things you need to consider – other than saying ‘sign me up’ and advertising your home online. So, check out these top 10 tips that will help make the process a fuss-free experience for you, your home and your tenants.
Rawson

Holiday letting requires preparation
South Africa - IolProperty
Holiday letting landlords should ensure that they are fully compliant with town-planning regulations. Cape Town is the only South African metro with bylaws in place to regulate short term rentals, but as they were not routinely enforced up until now, most property owners are unaware of their existence.

And, this is where it can get a little complicated as there are several regulatory bodies that influence this industry, the first being the city's Land Use management department which oversees the zoning of properties in the city.

According to Councillor Brett Herron, Mayoral Committee Member for Transport and Urban Development, holiday letting in apartment blocks is not automatically permitted in Cape Town. Consent from the City is required and the property must have the applicable zoning for running such an enterprise.
IolProperty

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