Rate hikes: Are buyers over-reacting?

Historically, interest rate hikes have had a dampening effect on the South African residential property market, with homeowners reassessing their affordability in anticipation of higher monthly loan repayments. The resultant reduction in home loan applications immediately following an interest rate hike is a reaction from buyers who are hesitant to make a long-term commitment until […]

The ups and downs of property co-ownership

Property ownership is no small feat. It is one of the most reliable forms of investment and one of the biggest items that most people have on their financial “to-do” lists. Unfortunately, it is not always an easily achievable goal. Property ownership has always been a costly endeavour, and in recent years the age of […]

Have you outgrown your current home?

Knowing when to move is not always as straight forward as one might think. At times, the need for a change is apparent and unavoidable, but other times, it grows over time and may even go unnoticed. Let’s have a look at a few of the biggest indications that it might be time to move house. Growing pains  A […]

Renovate the Right Way

It is understandable that home confinement has left many homeowners’ minds flooding with home improvement and renovation ideas.  But however much your home may benefit from a good touch of elbow grease, thinking things through carefully is vital. Many may have identified ways in which they can make their homes more comfortable and enjoyable. Others simply want to update the style of their homes. And […]

DISPUTES WITH BODY CORPORATE: HOMEOWNERS’ REMEDIES

Our office recently dealt with a matter where the trustees of the body corporate of a certain sectional title scheme clamped the wheel of the car of one of its homeowners because he did not park on his allocated parking bay. Even though the homeowner did not park on his allocated parking bay, he could […]

Review of Directors’ Decisions

In the previous article regarding “informal” decisions by directors, we considered what acts or decisions may be considered as informal decisions by directors. The precedents established by the courts were discussed, which precedents are considered regarding the enforce-ability of these “consents” and the validity of informal decisions by directors. Directors of homeowners’ associations have been […]