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Market & Opinion
Val de Vie property sales doesn't skip a beat despite lockdown
04 Jun 2020
Over the past 9 weeks, since the implementation of a nationwide lockdown on 27 March due to COVID-19, sales contracts worth more than R200 million were signed at Val de Vie Estate, including a record price for a residential property of R35 million. These figures are on par with the R1.2 billion in property sales in 2019.
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Market & Opinion
Should you use your home loan to consolidate debt?
02 Jun 2020
When home-loan interest rates fall as much as they have this year, home owners often start to think about using the equity in their properties to consolidate debt and enjoy the convenience of making only one repayment a month - but they should be very cautious when taking this step, says Gerhard Kotzé, MD of the RealNet estate agency group.
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Market & Opinion
Interest rate creates ideal climate for residential property investment
29 May 2020
The recent interest rate cut announced earlier this month, as an attempt to curb economic decline as a result of COVID-19, has brought South Africa’s cost of lending to the lowest level on record. South Africa’s prime lending rate is now sitting at 7,25%.
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Home offices and tax breaks - here is what you need to know
28 May 2020
A large number of South Africans have set-up home offices since the start of the lockdown and with regulations in place advising many to continue working from home, we take a look at what effect this will have on tax submissions.
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