Increased over the past two years, contributing to excess supply predominantly in the upper-ends of the property market.

Fortress REIT Limited, the JSE-listed property group, has funded a year-long “Trees for Homes” programme run by Food & Trees for Africa (FTFA) in Sebokeng, a township in southern Gauteng.

The National Home Builders Registration Council (NHBRC) has deregistered seventeen (17) contractors and builders from its database of approved homebuilders following the outcome of the disciplinary hearing processes.

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.

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