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7 December 2017

Protect yourself against these common rental scams
South Africa - Rawson
Today's rental market is a competitive place, so when you find the perfect spot it can be tempting to just sign on the dotted line and hope for the best.

Sadly, there are more and more scammers who are taking advantage of this opportunity to dupe unsuspecting applicants out of their hard-earned cash.

David Jacobs, Gauteng Regional Manager for the Rawson Property Group, shares some of the more common rental scams and explains how best to protect yourself against them.
Protect yourself 

Property Barometer - House Price Index
South Africa - FNB
The FNB House Price Index for November 2017 rose by 4.6% year-on-year. This is a mild further acceleration from the revised 4.4% for October.

In real terms, when adjusting for CPI (Consumer Price Index) inflation, the house price correction gradually continued as at October, with the real rate of house price change remaining in mildly negative territory to the tune of a -0.4% year-on-year decline (November CPI data not yet available). This is a diminished real house price deflation rate, however, from -0.9% year-on-year in September and from a low of -4.8% reached in December 2016.

This diminished real price decline in October was due in part to the acceleration in the year-on-year house price inflation rate of that month from 4.1% in September to 4.4%. However, a decline in CPI inflation from 5.1% year-on-year in September to 4.8% in October also assisted in curbing real house price decline.

The average price of homes transacted in September was R1,103,092.
FNB House Price Index

Survey reveals frustration among buyers in the UK over conveyancing
UK - PropertyWire
Over half of home owners in the UK are frustrated by a lack of control during the house buying process although they are generally happy with the information they receive, new research has fond.

Some 55% who took part in the study which compares the attitudes, perceptions, and expectations towards the conveyancing process, expressed some degree of unhappiness, according to the survey from software provider InfoTrack.

Some 44% of buyers said they did not receive enough communication during the process but 67% of conveyancers said they keep consumers fully informed throughout the home moving process.
Property Wire

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