The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

One thing is certain, apart from the overall inflationary impact, the spiralling cost of fuel directly impacts on the demand for conveniently situated, sectional title property in key economic hubs – close to the workplace, schools and all amenities.

Rudi Botha, CEO of SA’s leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.

It’s been over a decade since the start of the Global Financial Crisis , and markets have rebounded spectacularly in the years that have followed.

Nedbank has partnered with the Free Market Foundation’s Khaya Lam Land Reform Project to help enable hundreds of families to go from being tenants to homeowners through the transfer of title deeds.

Getting your foot on the property ladder isn’t easy for first-time buyers.

Wednesday, 12 September 2018 13:10

South African millennials are buying homes

Millennials in South African have purchased homes in great numbers in recent years. According to statistics supplied by property group Lightstone, almost 330 000 millennials bought homes in South Africa between 2015 and 2017 and 70% of them were first-time homebuyers.

Cape Town’s highly publicised water shortage has caused more than just the dams to dry up.

Uptick in household credit and mortgage balances growth in the first half of 2018, while home loan repayment patterns were divergent across income categories in the twelve months up to mid-2018

Property statistics for the second quarter (Q2 2018) released by ooba, South Africa’s leading home loan originator, indicate that banks remain positive about the home loan lending environment despite continuing negative real growth in average property prices nationally.

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