A recent report highlights that sectional title residential property prices have risen at a faster pace than freehold prices – for the first time in 20 years1. The last time sectional property exceeded freehold prices was back in 2004! The gap further widened during the fourth quarter of 2023, ending the year at price growth […]
Tag Archives: levies
27
Jan
Jan
Sectional title property schemes have emerged as one of the top trends for 2023 with reports from bond originators showing that they have seen a “significant interest in sectional title properties in the past few years, accounting for between 37% and 44% of stock value” 1 and that almost a third of all property sales […]
13
May
May
In South Africa, thousands of people live in sectional title complexes and many of these have ongoing problems with owners not paying their levies. Often the reason for this is that owners have a misunderstanding about what levies are, what they are used for, and why you can’t afford to not pay them if you […]
25
Mar
Mar
When you buy into a sectional title scheme, one of the first things you need to understand is that levy payments are essential if you are to maintain the value of your property investment – and that guarding against non-payment is critical. The backbone of your sectional title scheme Levies are essential for maintaining the […]