Cape Town Commercial Consultants

How to pay off your house quicker: - House price - R 500 000 - Bond - 20 Year - Interest rate - 12,5 % - Payment per month - R 5,680.70 - If you can pay 10% more on your home loan you can save up to R85000.00 Click here to read full article

PROPERTY LAW • Registration of transfers, including sectional title schemes, developments and townships • Drafting and perusal of purchase agreements, JV’s and development contracts • Registration of bonds, including sectional title bonds, commercial- and development bonds • Drafting and perusal of lease agreements and notarial contracts • Rezoning, consolidation and subdivision of land, including opening of township schemes, sectional title schemes and the like. Valuation of property, especially for deceased estate purposes • Valuation of property COMMERCIAL LAW • Drafting of purchase-, lease-, partnership-, share sale-, association agreements and other ancillary thereto • Registration of companies, close corporations and family- and business trusts • Liquidation and sequestration matters • Labour and employment matters Contact : Daantjie Malan Tel : +27 21 853-1535 Email: daantjie@mlalaw.co.za Website Link

Jacques du Toit, property strategist at Absa, says in order to understand information about price growth, a good grasp of the factors that drive it is necessary. “Many factors can influence price growth. These factors relate to the property market and the household sector, which may include demand and supply conditions, initially driven by economic growth, inflation, interest rates, employment, household income, debt, the affordability of housing, etc.” He says the average price of houses in certain segments is calculated by dividing the total value of properties sold in a specific period in a specific segment by the number of those properties. “The overall average of middle-segment housing as defined by Absa – small, medium and large – is calculated by using the samples of each segment. It is thus a weighted average that is calculated.” Read the whole article

After a two-day meeting, the South African Reserve Bank’s Monetary Policy Committee (MPC) left the key monetary policy interest rate – the repo rate – unchanged at 6,5%. As a result, banks’ lending rates to the public, i.e. prime and mortgage rates, are to remain at a level of 10%. Interest rates have been cut by a cumulative 550 basis points since December 2008. See the full report

I endeavoured to do a feasibility for a client ito his options of acquiring a new home in a security complex in Stellenbosch, South Africa.   The options are as follow: 1.     Buy an existing house from an agent. 2.     Buy a stand and build a new house with the contractor and his architect. 3.     Buy a stand and build a new house with me as the commercial manager and his architect. 4.     Buy a stand and build a new house with me as the commercial manager and my architect.    FEASIBILITY – WELGEVONDEN – 3 BED 2 BATH 1 GAR Scope: 1.     Best value for money investment. 2.     Design of house based on best sales / m2 of house. It affects the ROI (Return on Investment) of the project. 3.     People stay on average 7 year in a house before they sell it, therefore investment has to be based on the fact that it...

This estimate was based on a budget of ZAR 1,200,000 for a 3 bedroom house. What is imperative that the commercial manager have qs, contract management & project management skills. Interest rate is at 10% over a 20 year period. Stand cost of ZAR 500,000. Estate Agent fees were calculated at 7,5%. It is significant to note the saving incurred in the process. 1. Total Saving - ZAR 2,150,000 2. Interest on Building Cost Saved Projected @ 10% - ZAR 1,075,000 3. Reinvest Savings @ 13% - ZAR 800,000 4. Contractor's Price - ZAR 5000 vs. 3850 / m2 - ZAR 270,000 The following motivation can be substantiated regarding risk avert clients: 1. More control over construction process 2. More control over appointment of sub-contractors 3. Better "product" in the end due to better value for money. 4. Client can be involved in the whole process.