In2assets Blog: Real estate industry news

“There have been many queries from the local real estate industry on how the new 15% VAT rate, taking effect from 1 April 2018, will affect current property business transactions.”

The ill-fated Tongaat Mall that collapsed three years ago, killing two construction workers, has been sold and a new shopping centre is to be built on the site.

Real estate is often termed ‘the safest investment avenue’, explains Rainer Stenzhorn of In2assets, the commercial and Industrial property marketing company.

Many sellers are normally resistant in signing a sole and exclusive mandate explains Chris Cullen, Sales Executive at In2assets the Durban commercial property specialists, because sellers are not aware of the benefits if and when they sign a sole mandate.

An auction, be it for a property or pots and pans, can often seem frantic and confusing to the inexperienced. However, an auction is simply a mechanism of sale and if you understand the process, whether you are a buyer or seller, participating in a property auction can be stress free and actually quite enjoyable.