Shoreline Sibaya claims that it is the fastest selling retirement development in KZN: it offers a service, in partnership with Lombard Insurance Company, for retirees who have the equity tied up in the family home to provide a bridge solution whereby one can invest in the development yet only sell one’s house, when the unit being constructed is ready for transfer. Great idea: I wonder what it costs?
The MD of the Rawson Property Group has put a brave face upon the possible effect of our dismal GDP upon the property market: “Property market demand isn’t driven purely by investors – its driven by people needing a roof over their heads. That need doesn’t disappear just because our economy hits a speed bump…” That observation is true; however, from a conveyancing perspective, there is a definite slowdown of transactions and the values thereof when the market is bearish.
The expropriation debate has drawn an enormous amount of anxious and intensely critical debate. Very few participants provide any balanced view of the issues at hand. I was given a copy of the SAPOA submission which is rational and eminently well argued It, interestingly, provides for a comparison with other countries where various alternative measures, other than full compensation, is provided for.
If this interests you, ask me for a copy.