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20 June 2019

National Wills Week
South Africa - LSSA
The Law Society of South Africa (LSSA) will hold its annual National Wills Week from 16 to 20 September. Wills Week affords South Africans the opportunity to have an attorney draft a Will for them free of charge. Law firms need to register in order to participate and the deadline is fast approaching.
Law Society of South Africa

Residential building statistics April 2019
South Africa - Absa
Continued divergent trends in residential building activity

Based on data released by Statistics South Africa, private sector-financed building activity (see explanatory note) in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.

The number of building plans approved for new housing was down by 14,8% year-on-year (y/y), or 2 900 plans, to 16 666 plans in the period January to April this year. The contraction in plans approved was driven by the two segments for houses, with the segment for flats and townhouses showing growth of 14,5% y/y over the 4-month period.

The volume of new housing units reported as being completed increased by 36,7% y/y, or a total of 4 037 units, to 15 052 units inthe first four months of the year. All three segments of housing contributed to the above-mentioned growth over the four months up to April, with especially the segment of flats and townhouses showing particularly strong growth of 66,1% y/y with in respect of new housing built.
Building stats Apr 2019

Mixed-use developments: Convenience is the new king
South Africa - Property360
More South African buyers are drawn to mixed-use developments where they can live, work and play in one area

Mixed-use precincts and developments are mushrooming throughout the country as people increasingly look to live, work, and play in the same place – or at least in places close enough to walk between home, the office and shopping and entertainment.

Even those who cannot afford to live in popular mixed-use precincts such as Cape Town’s Century City or Joburg’s Melrose Arch are after the same benefits, so they focus their property searches on places that offer convenience.

Time is valuable, petrol is expensive, and the desire to get to the places you want to go as quickly and effortlessly as possible is not reserved only for those with higher incomes. Mixed-use convenience is one of the “most important” factors for South African buyers generally, says Just Property agent Lindsay Carsens.
Property360

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