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.

There was a very slight imprivement in levels of home maintenance and upgrades early in 2018,but this was more on the maintenace side than on the upgrade side.

Banks are showing an increased appetite to lend according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa’s leading home loan originator.

The NHBRC warns unsuspecting housing consumers against a letter allegedly sent out by Cosmopolitan Projects about guarantees on their completed homes.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

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