On Thursday 2 March 2022, a delegation of valuation industry members made up of the South African Council for the Property Valuers Profession (SACPVP) Acting Registrar Roshinee Naidoo, South Africa Institute of Valuers (SAIV) President Malusi Mthuli, Industry Members and Professional Valuers Quintus Neethling and Lourens Nel, met with the PPRA’s Acting COO, Deli
On Friday 10 March, the South African Institute of Valuers (SAIV) Eastern Cape Branch held its 2023 Annual General Meeting (AGM) and seminar, at the Dolphins Leap Conference & Events Centre in Gqeberha. Featuring a line-up of speakers comprising property industry experts, the event didn’t disappoint and left the attendees yearning for more. Thys
Executive Summary Discussion Document The Depreciated Replacement Cost method of valuation (DRC) Strict adherence to International Valuation Standards is essential for determining market value March 2023 Author: Kenneth Ray Davies B.COMM., MBL., FIV(SA), MDP. (UNISA). Registered Professional Valuer (2051/4) daviesk@global.co.za 083 327 4405 1.1 Introduction In June 2005 at the South African Institute of
Summary by Graham Allan - KZN Chairperson On 1st March 2023, delegates met at Master Builders Association, Westville, Durban, to attend the 2023 KZN Branch AGM & Seminar. The breakfast meeting was characterized by great networking sessions, discussions with topical discourse around the economic outlook and property market as well as the election of
At the time of inditing this blog, it is end February 2023 in the midst of South Africa’s summer – 35 months on from when Covid 19 hit the South African and Global shores and wreaked havoc in many economies worldwide; emerging and established economies were not spared the effects of the C-19 Lockdowns.
By John Loos, Property Strategist, FNB Commercial Property In a downturn, property market values can deviate dramatically from the market ‘equilibrium’ value, which can be lower in recessionary times due to strong resistance by the market to dropping values in order to sell. The result can be a significant oversupply in the market and
Industry leader: Every month, SAIV profiles some of our most established property valuers who have become leaders in the industry due to many years of experience. What made you pursue a career in property valuations? In 1970 as a first venture after school, I was attracted by the mix of outdoor and
4th Quarter 2022 FNB Property Broker Survey – Property Brokers perceive the financial pressure-related selling motive to have been relatively stable recently. But selling in search of more reliable utilities and municipal services has become a far more important selling motive of late. In this note, we continue with the 4th quarter 2022 results of
Residential property market outlook Annual house price growth moved lower in January Annual growth in the FNB House Price Index moved slightly lower in January, to 2.7% y/y from 2.9% in December (Figure 1). Segmented data shows that the slowdown is broadbased across price segments and major
VALUATION OF A FRUIT FARM | PART TWO (with application to a citrus farm) INSPECTION Inspection is carried out for the obvious reason that a property cannot be valued unseen, but as well as to note: Verification of physical features, (soils, topography and climate) that determine the production potential of the farm; Plantation population
