Fraud by prospective tenants trying to secure residential units is on the rise in SA and reflects global trends. Approximately 60% of rental applications submitted through Johannesburg property developer and rental management company, Renprop have included false information in the past six months. [Sheree I added in a timeline is…
Randburg, established more than 60 years ago, is experiencing a long overdue revival after years in the doldrums. Top Johannesburg developer Renprop, which has built several popular residential projects in the area in recent years, says the node’s affordability, access to good transport networks, and attractive shopping is helping fuel…
More than a decade ago the average residential investor or first-time home buyer was probably male, but there have been significant changes of late, with women increasingly being the driving force in the real estate market in recent years. According to residential experts, young black women, in particular, are on…
Now is the time for investors and property buyers looking for newly constructed properties to purchase greenfield developments. As from here on out, it is going to get significantly more expensive due to soaring raw material prices. This is according to Chris Renecle, the MD at Renprop, a Johannesburg based…
Much has been made about the possibility of converting the expanse of vacant office space in South African cities to residential apartments. This at a time when the current low interest rate environment favours first-time home buyers. However, it is no straightforward task according to Chris Renecle, managing director of…
Between 2003 and the start of the global financial crisis in late 2008, the local residential property market experienced a boom that hadn’t been seen in decades. Both first time property owners and established landlords rushed in to snap up investment properties. As a result the buy-to-let residential market experienced…
Chris Renecle, managing director at Renprop unpacks investment opportunities in the thriving area of Rosebank, north of central Johannesburg Rosebank encompasses the excitement of fast paced city life and the calm beauty of leafy suburbia, placing it in high demand for both business and residential players. All major property developers…
Rental properties are a source of income for landlords, which is taxable. Aside from income and expenses and tax, owning rental properties comes with legal considerations as well as day to day management requirements. Sound like a business? Well that’s because it essentially is. Chris Renecle, MD of Renprop, says…
Whether you are buying or selling a home, the transaction will come with certain cost implications. When planning their finances around the purchase or sale of a property, buyers and sellers often overlook some items and forget to include them in their budget, says Debbie Justus-Ferns, divisional manager of Renprop…