Millionaire Migration: US-dollar millionaires are flocking to this small South African town

What This Means for the Real Estate Market and How Group7 Properties Can Help You South Africa’s Whale Coast has quietly become one of Africa’s fastest-growing millionaire hotspots, with Hermanus emerging as a particularly attractive town for wealthy property buyers. This is according to the latest Africa Wealth Report, published annually by international wealth advisory firm Henley & Partners in…

Know your Bond and Transfer Costs

Whether looking to get onto the property ladder or buying that sprawling family home you’ve always longed for, purchasing property is one of the biggest undertakings and investments you will make in your lifetime. In a nutshell, over and above the actual cost of the property, a buyer needs to set aside money for bond origination costs, transfer fees and…

Industrial vs Commercial

Industrial vs Commercial “Industrial” and “commercial” are two different methods of business. “Industrial” and “commercial” include many different businesses and many different fields like commercial and industrial land, industrial and commercial buildings, Industrial and commercial music, industrial and commercial zoning, products, and the list goes on. No matter how long the list is, there is a core difference between “industrial”…

How to prepare for home quarantine

Home is where the heart is – and it also happens to be the safest place right now as South Africans look to avoid unnecessary public gatherings and spaces – in the face of the Coronavirus pandemic. Here are a few things to consider as you turn your home into your anti-coronavirus sanctuary. Most of South Africa might be spinning at…

Professionals on commercial property (and how to buy the right one)

In 2001, Barbara Corcoran sold her New York-based real estate investment company for approximately USD70 million. Today, she’s gained prominence in the Big Apple and around the world – and has written numerous books on the benefits of investing in real estate from both a business and personal wealth perspective. “There were two things that happened that for me that…

Fun Facts About Cape Town

12 FUN FACTS ABOUT CAPE TOWN YOU DIDN’T KNOW In the past few years, Cape Town was often voted as one of the most beautiful cities in the world to visit. So we are not surprised you and many others are keen to visit this city for a holiday or doing an internship. You probably know about itsbeaches, Table Mountain,…

COSTS INVOLVED FOR TENANT AND LANDLORD FOR RENTING OUT PROPERTIES

Managing property investments optimally requires knowledge of what the costs are relating to each rental property, and a clear understanding of who is responsible – tenant or landlord. No lease agreement is the same and making provision for recovering specific costs should be stipulated in the contract. A written contract that gives clarity on the responsibilities of each party makes…

Check out these fun facts all olive loves should know:

The olive is an evergreen tree – because it does not drop its leaves in winter it has the capacity to work throughout the year to produce the energy-rich goodies that go into making delicious olives and olive oil. Olive tree has leathery, elongated, sharp-pointed leaves. They are dark greyish green on the upper surface and whitish cream on the…

SARS warns banking strike may impact tax refunds

The South African Revenue Service (SARS) has warned that the planned banking strike on Friday (27 September) may impact some of its tax systems. In a statement on Monday (23 September), the revenue collector said that the anticipated protest action could impact transactions related to tax payments. It added that the processing of tax refunds may also be impacted on…