Post-lockdown bounce-back
While the ultimate effect of the coronavirus pandemic on individual industries remains to be seen, the unprecedented worldwide impact is already threatening the greater economy of almost every country as well as the livelihoods of many households. Entire industries may face the biggest change they have ever had to endure.
Fortunately, the property industry may be able to withstand most of the impact. Here are 3 advantages that 3%.Com Properties will have post-lockdown:
- From 1 March 2020, NO transfer duty will be payable for properties sold to the value of R1 million or less. Previously this threshold was R900,000.
- Along with the Reserve Bank lowering the repo rate by another percentage point, the fact that banks are approving the highest percentage of home loans in over a decade will ensure that more buyers can continue to enter the property market.
- By asking only 3% commission (Excl. VAT), our property experts are able to help you save as much as you can in these difficult times, while helping you get your property plans back on track in the post-lockdown world.
3%.Com Properties - We know Property and the Law®
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)
29 Apr 2020
Author 3%.Com Properties