BREAKING NEWS: New Board for property industry announced

Cabinet on Wednesday approved and Minister Mmamoloko Tryphosa Kubayi-Ngubane, Minister of Human Settlements, announced the new Board of the Property Practitioners Regulatory Authority “PPRA”, which is to replace the Estate Agency Affairs Board (EAAB) as soon as the PPRA Regulations are finalised. The new Act repeals the Estate Agency Affairs Act, No 112 of 1976 ("EAA Act") in its entirety.

Influence of higher interest rate on real estate industry

The first interest rate increase the past couple of years will have a varied impact on the real estate industry. The SA Reserve bank last week announced that the repo rate will increase by 25 basis points. This is what the experts think.

SA’s top property investors

The SA Property Investors Network (SAPIN) announced the winners of its annual Investor of the Year Awards at a glittering celebration held at the Marriott Hotel in Melrose Arch. The annual Awards brought together investors, corporations, financiers, property professionals and media to celebrate the movers and shakers within South Africa’s property sectors that have defied the odds to put together property deals that are uplifting suburbs, communities, and cities.

Role of ‘community’ in modern senior living

Property developers are always looking for ways to attract prospective buyers. In the fiercely competitive senior living sector, trends in technology and healthcare have dominated the design of modern retirement communities.

But what if developers are missing what their prospective residents are looking for entirely?

Importance of trust fund separation for agents

SPEAKERS CORNER: No residential rental agent needs to be reminded of the unbreakable golden rule – trust funds must be kept separate from business funds, to ensure landlord and tenant funds are only ever used for the purpose they were meant for.

The basic principle is that all agents must have a trust account separate from their business account, into which tenant and landlord funds should be paid. The overwhelming majority of agents comply with this rule.