Property Articles

Rental agents and property brokers were yesterday warned by the South African Property Owners Association (Sapoa) to be careful in relation to lease agreements, until the governement gives clarity on how The Consumer Protection Act may affect leases worth an incredible number of rands.

Based on year–on–year growth, the average value of small, medium and large houses in the South African market continued to show relatively low growth according to Jacques du Toit, ABSA Senior Property Analyst. The current low level of year–on–year price growth is largely due to the base effect of a recovery in home values twelve months ago and will continue to be a factor in the first six months of this year. Low inflation and interest rates, a decrease in unemployment numbers towards the end of 2010 and a higher level of real economic growth contributed to a moderate growth in month–on–month price across all three segments since the late part of last year.

Any kind of savvy purchaser recognizes that acquiring rental property is a good method to generate extra recurring revenue. Like with any investment, there are several dangers, which go along with investing in a home intended for rental purposes. Take your time and energy and do your own homework before you take the plunge and purchasing any house. Down below can be a list of several points to consider prior to buying any kind of property.