News

There is nothing stagnant about the property industry and Private Property will keep you in the loop through its dedicated Property News portal. Important elements such as whether it’s a buyers’ or sellers’ market, industry trends, and property news specific to South Africa are covered in this section.

Market Industry Private Property South Africa

Incandescent and regular fluorescent light bulbs are now banned — News

Incandescent and regular fluorescent light bulbs are now banned

From this month, the new standard for lightbulb energy efficiency regulations effectively ban the sale of lamps with an efficiency rating of less than 90 lumens per watt (Lm/W).

Golfing estates get a swing in interest — News

Golfing estates get a swing in interest

If you’ve been considering investing in a golf estate property, there is the potential for lucrative returns through rental income with the recent launch by the South Africa Tourism Services.

Electronically signed sale of property agreements is not yet legal — News

Electronically signed sale of property agreements is not yet legal

Can an offer to purchase be signed electronically, is the question we asked Carl Kellerman, Property Attorney at Phatshoane Henney Attorneys.

Sellers concealing damp problems may be acting fraudulently — News

Sellers concealing damp problems may be acting fraudulently

When selling your home, it’s normal to want to present it in the best condition possible, but rushing to conceal damp problems can result in costly mistakes if not done correctly.

Budget 2024: No impacts on the property market — News

Budget 2024: No impacts on the property market

Minister Enoch Godongwana delivered his 2024 Budget on 21 February.

Interest rates South Africa: Relief for Homeowners — News

Interest rates South Africa: Relief for Homeowners

The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to keep the repurchase rate unchanged at 8.25%.

The repo rate remains unchanged — News

The repo rate remains unchanged

The unchanged repo rate ends the consecutive rate hiking cycle that started in November 2021.

PPRA extends the PDE deadline to 30 June 2023 — News

PPRA extends the PDE deadline to 30 June 2023

This is the final deadline for complying with the education regulations for the granting of fidelity fund certificates.

Repo rate increases yet again — News

Repo rate increases yet again

Industry leaders say home owners will be hard hit by May repo rate hike.