Good property valuation reports must flow in a logical, sensible manner that is easily followed by the reader and should be based on a thorough understanding of the property market and the specific property being valued. The written report is the only tangible product delivered to the client; if it is not well written,
It is essential to understand that a developer constructs a new sectional title scheme to make as much profit as possible. Developments in low-income areas will inherently result in different materials compared to high-income areas to suit the different target markets. A buyer in the upmarket Sandton area will insist on a higher, more
Human life depends on the earth as much as the ocean for our sustenance and livelihoods. Plant life provides 80 percent of the human diet, and we rely on agriculture as an important economic resource. Forests cover 30 percent of the Earth’s surface, provide vital habitats for millions of species, and provide important sources
One of the main tools in the sales arsenal of an estate agent is producing market-related property valuations for their clients. However, SAIV (the South African Institute of Valuers) has made strong objections to the PPRA with regard to this, stating that agents are neither qualified nor legally allowed to conduct valuations, and are
The first day of the 2023 Agri Seminar hosted by the Central Branch of the South African Institute of Valuers (SAIV) in Bloemfontein was a great success as speakers brought their A-game and provided insightful analysis on topical issues, making for an exciting event. Getting proceedings underway was the newly elected vice president of
In recent months, the highly publicised decisions by the High Court and Supreme Court in separate matters, found in favour of ratepayers, where municipalities over estimated – or in one case “thumbsucked’ property valuations, has drawn comment from Dianne de Wet, Professional Valuer with Massel Property Services and President of the South African Institute
*A letter from SAIV President Dianne de Wet (Dated: 07 June 2023) Dear Property Practitioner RE: Unlawfully conducting and offering free property valuations It has come to our attention that you are offering property valuation services to clients that you may not be qualified to offer. The Property Practitioners Regulatory Act states explicitly that a
The South African Institute of Valuers (SAIV) hosted its highly anticipated 114th National Annual General Meeting (AGM), Seminar, and Networking Dinner at the exquisite Devonvale Golf & Wine Estate in Stellenbosch, Western Cape. The event, held from the 18th – 19th May , brought together professionals from the property industry across South Africa. With
Taking place at the breathtaking winelands region in the Western Cape and featuring an action-packed speaker line-up, the SAIV 114th National AGM, Seminar & Networking Dinner lived up to expectations. The Devonvale Golf & Wine Estate in Stellenbosch played host to the much-anticipated event which was attended by property industry professionals from different parts
“The lack of reliable electricity supply is the biggest economic constraint… I am pleased to announce two tax measures to encourage businesses and individuals to invest in renewable energy and increase electricity generation.” (Finance Minister Enoch Godongwana – Budget 2023) In the 2023 Budget, the lack of a reliable electricity supply was highlighted as the
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