{"id":37356,"date":"2024-10-18T12:19:12","date_gmt":"2024-10-18T10:19:12","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=37356"},"modified":"2024-10-18T12:22:03","modified_gmt":"2024-10-18T10:22:03","slug":"all-about-property-october-2024","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/all-about-property-october-2024\/","title":{"rendered":"All About Property | October 2024"},"content":{"rendered":"

EXPANDING OUR NATIONAL FOOTPRINT: CELEBRATING THE RE-LAUNCH OF STBB KZN IN DURBAN<\/strong><\/p>\n

Last week, we celebrated the re-launch of our office in KwaZulu-Natal with some of our valued clients and guests. With the formal incorporation of STBB KZN in July, our re-launch represents a significant milestone in our commitment to expanding our nationwide presence and delivering exceptional client service to South Africans. Managed by experienced and skilled Directors, Stavros Anthias<\/a> and Renelle Moodley<\/a>, our KZN office specialises in conveyancing, property law, commercial law, and estates. Aided by a capable team, we are confident that Stavros and Renelle will contribute to our continued success in the province and beyond.
\nFor expert legal assistance, contact STBB KZN<\/a> at 031 583 8060 or visit us at Cranbrook Park, 2 Cranbrook Crescent, La Lucia, Durban.<\/p>\n

CITY OF CAPE TOWN COMMUNIQUE: NEW NHRA EXEMPTION AREAS GAZETTED<\/strong><\/p>\n

In a bid to minimise bureaucratic requirements, streamline development approvals, and reduce costs, the City of Cape Town recently confirmed that specific development focus areas (\u2018DFAs\u2019) are now exempted from compliance with various requirements of the National Heritage Resources Act (\u2018NHRA\u2019).<\/p>\n

Read more<\/a><\/p>\n

SCA RULING: PURCHASERS OF LIFE RIGHTS CANNOT RECLAIM PURCHASE PRICE PAID OUT TO A DEVELOPER PRE-INSOLVENCY<\/strong><\/p>\n

The Supreme Court of Appeal (\u2018the SCA\u2019) was recently tasked with determining whether a group of purchasers of life rights in a retirement scheme could claim repayment of the purchase price from the developer\u2019s conveyancers, who disbursed the funds to the developer before the latter was declared insolvent.<\/p>\n

What did the SCA find?<\/a><\/p>\n

PROSPECTIVE TENANTS BEWARE: ONLINE RENTAL SCAMS ARE ON THE RISE<\/strong><\/p>\n

As consumers\u2019 reliance on digital technology shows no signs of slowing down, it has emerged that criminals are increasingly targeting individuals who utilise unregulated online platforms to secure accessible rental accommodation.<\/p>\n

Tell me more<\/a><\/p>\n

A BUYER\u2019S MARKET: GAUTENG PROPERTY MARKET ON THE UPSWING<\/strong><\/p>\n

According to available data, the Gauteng residential property market is steadily recovering as investor confidence grows. After a considerable decline in business confidence during the lead up to the 2024 national elections, property experts note increasing interest from both local and foreign investors in Gauteng\u2019s real estate. As the country\u2019s economic hub, the province remains a popular option for young professionals, potential first-time purchasers, and savvy investors. Post-elections, property practitioners have recorded a spike in enquiries from foreign purchasers and expats looking to return home \u2013 and an improvement in the average purchase price of properties across major metros, notably Tshwane. With abundant \u2018stock\u2019, and analysts predicting further interest rate cuts, it\u2019s a buyer\u2019s market in Gauteng.<\/p>\n

Looking to invest in Gauteng\u2019s resurgent property market? With four offices strategically located across the province, STBB is well-placed to handle your property transaction.<\/p>\n

Contact us today<\/a><\/p>\n

TO HAVE AND TO HOLD: WHAT HAPPENS TO YOUR PROPERTY IF YOUR SPOUSE IS DECLARED INSOLVENT?<\/strong><\/p>\n

Undoubtedly, insolvency produces profound patrimonial and proprietary consequences. These consequences can be particularly devastating for married persons, irrespective of their marital regime.<\/p>\n

Tell me more<\/a><\/p>\n

AIRBNB CALLS ON SA GOVERNMENT TO REGULATE LISTINGS<\/strong><\/p>\n

Amidst growing concerns that the explosion of Airbnb listings is contributing to a housing crisis in Cape Town, the company has called on the South African government to regulate the country\u2019s short-term rental industry. Currently, there are no nationwide regulatory instruments governing Airbnb and other home-sharing applications. In 2019, the City of Cape Town, which boasts more Airbnb listings than Amsterdam, Singapore, and San Francisco combined, amended its Municipal Planning By-law to permit short-term letting for stays of 30 days or less. With the steady expansion of Airbnb listings and the attraction of digital nomads to Cape Town\u2019s offerings, various stakeholders have lobbied for regulation to protect local residents from being priced out of the rental market in desirable areas. Prefacing its call for formal regulation, Airbnb suggests that government should establish a national host register and implement policies based on reliable data.<\/p>\n

LEGALLY SPEAKING: BUSINESS INTERESTS & ESTATE PLANNING<\/strong><\/p>\n

In the final instalment of our engaging five-part series, Director and estate planning specialist, Refqah Ho-Yee, examines the ownership of certain business interests and the implications for estate and succession planning. To prevent unwanted complications, Refqah emphasises the importance of concluding formal agreements that expressly record one\u2019s shareholding \/ member\u2019s interest, capital investment, existing insurance policies, and the procedures to follow in the event of a business partner\u2019s death.<\/p>\n

Listen now<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EXPANDING OUR NATIONAL FOOTPRINT: CELEBRATING THE RE-LAUNCH OF STBB KZN IN DURBAN Last week, we celebrated the re-launch of our office in KwaZulu-Natal with some of our valued clients and guests. With the formal incorporation of STBB KZN in July,<\/p>\n","protected":false},"author":364,"featured_media":32703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[192,137],"tags":[],"class_list":["post-37356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-about-property","category-latest"],"acf":[],"yoast_head":"\nAll About Property | October 2024 - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/all-about-property-october-2024\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samantha Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/\"},\"author\":{\"name\":\"Samantha Smith\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/805b4884d2d0620da8c730a20588b52a\"},\"headline\":\"All About Property | October 2024\",\"datePublished\":\"2024-10-18T10:19:12+00:00\",\"dateModified\":\"2024-10-18T10:22:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/\"},\"wordCount\":727,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/HeaderHouse1.png\",\"articleSection\":[\"All About Property\",\"Latest\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/all-about-property-october-2024\\\/\",\"name\":\"All About Property | October 2024 - 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