Visit www . rei . co . za
Get Savvy Get Smarter Get Started
The residential property market continues to operate at above average levels with higher demand and number of units sold driven by the low interest rate and high bank lending , arguably the most favourable phase for buyers in many years .
The benefits of short-term rentals have been clear for some time . However , the meteoric growth of Airbnb in cities across South Africa has sparked a fierce debate on whether short-term rentals should be allowed in housing complexes .
Steyn City ’ s flagship development , the City Centre has redefined the concept of the urban apartment , by offering all the space similar to a freehold home with the convenience of living in your own secure city combined with a sense of community and a connection to endless space and nature as well as access to world class facilities
The trend to favour the coastal lifestyle over the urban hustle and bustle remains strong long after peak pandemic activity has subsided . Demand for suburbs that offer a higher quality of lifestyle is likely to remain high for the foreseeable future .
One of the biggest annoyances of selling a home are often the compliance certificates . These government-mandated documents ( certifying electrical , water / plumbing , gas , beetle and electric fences ) are often thought of as meaningless bureaucratic hurdles . Just another unnecessary property “ tax ” – pay a fee , get a certificate , right ?
South Africans have been dealt a number of blows in the past couple of years . There was the devastating drought in the Western Cape , the onset of COVID-19 and the impact it had on household incomes , last year ’ s riots and looting and the most recent flooding in KZN .
Having the right credit score is the first step towards securing the funds to buy your first home . This score could affect anything from credit approval and the principal amount you qualify for , to the interest rate you will get on the mortgage . This makes it a crucial component for first time buyers to understand .
Anyone getting serious about property investment will have come across the term “ gearing ” at one point or another . Gearing is widely regarded as one of the biggest contributors to property ’ s popularity as an investment vehicle . But what is it , and is it a viable option for everyone ?
South African media company Real Estate Investor have established themselves as industry leaders in hosting and creating custom virtual events , gatherings , and virtual networking in the metaverse . Presently , REI curates monthly virtual events in the metaverse for their clients and will host their second Digitalization Summit this year in September 2022