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In South Africa, REITs must pay at least 75% of their taxable earnings available to investors as dividends each year, giving investors certainty that net income will be distributed.
The ramifications and implications of South Africa’s Capital Gains Tax (CGT) are these days fairly well understood by the business community and those with substantial assets, but the average home owner.
South Africa is the economic motor of the African continent and has what is arguably one of the most beautiful and diversified natural landscapes in the world, making it an attractive target for property investors.
Loos says it is too early to draw the conclusion that a declining trend has started, based on only one data point, despite a host of negative economic data, the possibility of a recession currently unfolding, as well as the January commencement of interest rate hikes.
A vibrant nightlife and accessible transport links are giving confidence to locals, too, who are finding the city to be clean, safe and bursting with multicultural spaces. The city is now a popular place to live.
Renting a property is supposed to be a cheaper option than buying, but with all the current rental market requirements such as two months deposits and sureties, it is becoming completely unaffordable for the average tenant.