Home buyers benefit from higher home loan approval rates and more affordable property prices
Despite weak economic fundamentals resulting in negative real house price growth, the banking industry continues to show confidence in South Africa’s property market by further relaxing their lending criteria and approving home loan finance at levels last seen 12 years ago.
Jump-start needed for economy, says Dr Andrew Golding
Sentiment is a key driver of investor confidence and the residential property market is no different in this regard.
Property still a stable investment, followed by luxury goods, holidays, cars, collectables
The total wealth held in Africa rose by a modest 14% over the past 10 years (2008-2018) with three of the largest economies on the continent, South Africa, Egypt and Nigeria performing poorly on most economic indicators according to the AfrAsia Africa Wealth Report 2019, released today by Mauritius based AfrAsia Bank.
Approach property market upswing with caution, says Bondspark
Bondspark CEO, Marcel du Toit says that there are several reasons behind the overall improvement of the local property sector this quarter.
Self-employed bond applicants – how to sail through the extra hoops
The laborious bond application process is even more painstaking for the self-employed and it’s critical that these buyers take the time beforehand to familiarise themselves with exactly what is required and the criteria to be met as applications can easily be delayed - or even declined - due to simple omissions or errors.
Sky City Mall opens and there’s more to come this year
The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.
Marginal uptick in household credit and mortgage balances growth
Growth in the value of outstanding credit balances in the South African household sector.
If a bond approval is included as a suspensive condition in an offer to purchase, does this conclude the terms ans conditions thereof?
In most cases when a person purchases a property, he will have to apply for a mortgage loan and this would be written into the offer to purchase as a suspensive condition, giving a certain time frame for the bond to be obtained by the bank and accepted by the buyer.
Bonanza for property buyers as home loan approval rates reach levels last seen 12 years ago
Buying a new home continues to become more affordable as weakening housing demand results in ongoing negative real price growth (after inflation) in the residential property market.
Government ups the ante on infrastructure
Government’s Infrastructure Fund is set to receive a R100 billion over the next decade as the state steps up its infrastructure programme by partnering with the private sector.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.