While the 50 basis point drop in the prime lending rate since September has brought financial relief for homeowners, it could also lead to critical housing supply shortages if developers are unable to meet the growing demand, cautions Bradd Bendall, BetterBond’s National Head of Sales.
South African home buyers can look forward to a few more months of record-low interest rates as the Monetary Policy Committee has once again opted to hold the repo rate steady at 3.5%.
The FNB Property Barometer for 2019 indicated a low 3.7% year-on-year growth in Feb this year, compared to the 4.2% year-on-year CPI for the same period and the 3.8% annual average recorded in 2018.
Visitors are paying premium rental prices to enjoy the pristine beaches and cosmopolitan lifestyle the Mother City has to offer, says Pam Golding Properties, with homes along the popular Atlantic Seaboard fetching daily rentals of around R30 000.
Positive outlook for the economy and thus for residential property in 2015, but it seems that both the "upside" and the "downside" risks to our forecasts emanate from the Energy Sector.
FNB property strategist John Loos says the past ten years in the residential property sector has been a rollercoaster ride.
With the first of July comes the beginning of the new Municipal Financial year. Alas for Johannesburg and other city ratepayers that means digging in deeper to those shallower pockets
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