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Women are more diligent in paying their home loans
Women homeowners have grown to just under 35% of the FNB affordable housing market, and with general overall good management of their home loan accounts, are well positioned to take financial advantage of homeownership. “Over the last five years we have seen a steady increase from 33% to 35% of women bond holders in our Housing Finance book,” says Dr Simphiwe Madikizela, head of projects at FNB Housing Finance.
“Women in general appear to be the glue that binds communities together, and this is confirmed by the risk assessment of the group.”
In FNB Housing Finance, FNB’s affordable housing division, 96% of all purchases are first-time buyers. “We are seeing a steady inflow of first-time women buyers to the market,” says Madikizela.
Demand for pet-friendly complex living in SA on the rise
It is becoming increasingly difficult for owners and occupants to keep pets in sectional title developments, due to limited space and concerns over nuisance pets according to Carl Smit, Managing Director of Sandak-Lewin Property Trust, as such, pet-friendly sectional title developments are in demand, and many owners and occupants are willing to pay more for pet-friendly sectional title units.
“Pet-friendly developments in South Africa are very sought after, and inherently have a positive influence on property value,” he says.
“While they are a drawcard for animal lovers, pet-friendly sectional title developments are hard to come by, especially in new developments, which are a lot smaller in size in comparison with older developments, units are in close proximity to each other, contain very little or no common gardens, and are simply not ideal places to keep pets.”
Future of retail at SACSC Congress in Durban - 30 Sept
The 19th annual Congress of the South African Council of Shopping Centres (SACSC), taking place in Durban this year, will feature illuminating insight, animated engagement and vigorous debate as shopping centres and retailers shine a light on the opportunities and challenges of the current market.
Providing access to the latest thinking, innovation and information about shopping centre and retail trends in South Africa and across the globe, the congress will feature a superb line-up of presentations by the industry’s brightest minds.
The retail sector’s annual flagship event, sponsored by Property Finance at Nedbank Corporate and Investment Banking, will take place at the International Convention Centre in Durban, from Wednesday, 30 September to Friday, 2 October 2015.
Real estate signboard issues addresed in Cape Town
A quarterly participation meeting was held between the City of Cape Town, represented by Councillor Johannes van der Merwe, and heads of various stakeholders in the property industry, including the Institute of Estate Agents Western Cape, regarding the use of advertising signboards, particularly by interns, and the new advertising tariffs charged by the Council.
After much discussion, the Council has agreed to allow interns the use of stickers, which allows them to place their own signboards pointing to show houses on weekends.
This is according to Annette Evans, regional general manager for the Institute, who says the intern’s principal will register and sign for boards on behalf of his or her interns.
I couldn't pay rent, can landlord remove my belongings?
A Property24 reader asks:
I'm a tenant and I failed to pay my rent in June and July. My landlord locked all my belongings in the house and told me that I should bring the money and that he would only open for me to move out. Prior to that he had given me one month's notice to vacate the premises.
He eventually removed all my belongings to a private self-storage facility and gave me the total amount owed to him, including removal of my belongings. He threatened to sell some of my stuff to cover his costs and I made a part payment and held onto some of it, requesting to see how my furniture was handled upon removal since I was not present when that happened.
I never refused to pay him. What procedures should be followed if I should discover that my furniture is damaged or find missing items?
Tips and advice for becoming a successful landlord
Although Hout Bay in Cape Town has a strong rental component to its real estate market, many landlords don’t use the services of an estate agency to manage their rental properties according to Janine Barry, Broker/Owner of RE/MAX Home, who says many landlords have very limited knowledge on the ins and outs of the intricacies of managing a rental property and tenants.
Barry says rental agents can make the whole process stress-free for landlords by finding the right tenant and handling all the issues on behalf of the landlords.
“A rental agent has experience in finding a suitable tenant match for the type of property, has access to all of the necessary tools to undertake a thorough credit check in order to ensure they are placing quality tenants upfront, as well as property management systems to manage the collection of the rent,” she says.