In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.

Motivated by the prevailing, historically low interest rates and further incentivised by banks’ lending appetite and sound purchasing opportunities, South African first-time buyers across the country continue to capitalise on the favourable buying environment and demonstrate confidence in the residential property market by acquiring their own homes, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.   

Make buying your dream home an informed purchase by knowing your credit score.

Buying a home is probably one of the most important - and expensive - purchases many people will make.

If the past year has taught us anything, it is how important our homes have become to us.

The current, exceptionally low interest rates in South Africa have sparked off a sudden and unexpected call for residential property bonds.

Initial predictions regarding the future of the residential property market as a result of the Covid-19 lockdown have painted a sombre picture: significant drops in house prices, more supply than demand, and people unable to afford their home loans. 

Registration is now open for SA’s incisive one-day REIT event that brings together hard-hitting global and local influencers from the listed property sector.

With more than 300 delegates drawn from 30 African and international countries; this year’s conference theme is, “Realising Affordability in Global Markets”