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How to assess what your home is worth

How to assess what your home is worth
This article first appeared in our Property360 digital magazine
Property values can often be a contentious issue, not only insofar as rates are calculated but also the price a home sells for, or what a buyer may be prepared to pay.
There can also be differences in the value assigned to a property by the local municipality and the value given by an estate agent.
Erwin Rode, managing director Rode & Associates, says in terms of the Municipal Property Rates Act, the municipal value of a property must reflect the market value. However, as these are mass valuations, one would ânot expect an accurate estimate at all timesâ. ....

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First Two Lordstown Endurance Beta Trucks Roll Off the Production Line

autoevolution
1 Apr 2021, 4:54 UTC ·
by
Lordstown has had a rough start for the year, but it’s still confident in its ability to take its first all-electric truck, Endurance, into mass production this September. The video below is meant to get investors feeling as confident, too.
6 photos
Lordstown Motors officially introduced Endurance last summer, and immediately started taking pre-orders for it. Billed as the toughest and most reliable pickup, Endurance aims to be the first-to-market electric pickup in the world.
Just last month, short-seller Hindenburg Research published a very damning report about how Lordstown CEO Steve Burns built the Endurance “mirage” on a heap of lies, non-binding Letters of Intent (LOIs) disguised as firm orders, and misleading information. Now under investigation by the Securities Exchange Commission (SEC) and conducting its own separate review, Lordstown maintains innocence. ....

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Property trends that shaped SA's residential sector in 2020

Property trends that shaped SA’s residential sector in 2020
Myles Wakefield
Like many industries, the residential property sector felt the impact of Covid-19 and lockdown effects.
Myles Wakefield, Wakefields Real Estate CEO, says the market was a rollercoaster ride – stopping, starting, then coming to a complete halt.
“In June when the sector could trade again, we experienced a surge in buying which has continued since,” says Wakefield.
Buying activity was fuelled by the 50-year low interest rates, the banks’ generous propensity for granting loans, and to some extent, pent-up demand.
Property experts and estate agents say property trends including low interest rates and falling house prices have reignited the sector. ....

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Interest rate cuts and demand lead to continued rise in nominal house prices

MONEYWEB
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Residential agents are recording record numbers of house sales across many towns and cities.
By Michael Brown
21 Dec 2020
00:01
Image: Shutterstock
Nominal house prices continued to rise in the fourth quarter. Property economists Rode & Associates ascribe this to pent-up demand which was boosted by record low interest rates.
House prices grew 1.8% during the first 10 months of this year compared with the same period in 2019. Kobus Lamprecht, head of research at Rode & Associates, says in the report this implies the full-year price growth will slow for the sixth consecutive year in nominal terms.
In addition, this led to property prices declining in real terms, after stripping away inflation which has averaged 3.3% this year. ....

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New trends in corporate real estate: less space, more work

New trends in corporate real estate: less space, more work
Ina Opperman
Picture: Dean Hutton/Bloomberg
Corporate real estate is changing due to the pandemic. Many employees are still working from home, which leaves many offices deserted or with very few people who simply cannot work from home.
Looking to the future, it is expected that companies will require less space and building owners will have to look for other ways to use the space.
Erwin Rode, managing director of Rode & Associates, a company specialising in real estate economics, property valuations, property research, town planning and property consultancy, says the jury is still out on exactly what the end result of the work-from-home trend will be once Covid-19 is conquered. ....

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