Rebosa welcomes request for probe into Estate Agency Affairs Board

“In our experience some of the banks are deciding where buyers can and cannot buy by declining home loans on certain properties (and in certain areas), where I know another bank will grant a mortgage.

The honourable Minister of Human Settlements, Lindiwe Sisulu published the Property Practitioners Bill on 31 March 2017 giving all stakeholders 30 days to comment.

The real estate industry has been placed under an uncomfortable spotlight yet again with the reported posting of a blatantly racist property advert by Dick and Sue Home Finders on the property portals.

During his State of the Nation address on Thursday evening, President Jacob Zuma commented on the property market saying that, “This sector in our country is valued at approximately R7 trillion, with the subsidised sector being valued at R1.5 trillion”. 

The Estate Agency Affairs Board (EAAB) has announced that non-executive directors of estate agencies need no longer comply with all the educational requirements applicable to estate agents.

Tuesday, 19 November 2013 08:51

Interest Rate Hike: Will You Sink or Swim?

During the last meeting of the Reserve Bank's monetary policy committee in September this year it was decided to leave interest rates unchanged for the seventh time, a decision that has made it easier for many home owners to comfortably pay their mortgages.

When it comes to buying a property most buyers are aware of the cost of obtaining a bond, transfer duties and lawyers fees; not many new home owner consider the cost of municipal rates. 

Data released by Statistics SA indicates that 363 000 black South Africans had mortgages in 2011

Tuesday, 22 January 2013 13:38

2013, the year to escape the debt trap

The residential property market survived 2012 with a few nicks and bruises but, generally it remained stable with positive signs; like the banks relaxing their loan requirements and the historically low repo rate to help matters along. 

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