In most cases when a person purchases a property, he will have to apply for a mortgage loan and this would be written into the offer to purchase as a suspensive condition, giving a certain time frame for the bond to be obtained by the bank and accepted by the buyer.

MAS, through a wholly owned subsidiary, Flensburg Limited, has entered into a sale and purchase agreement to acquire a shopping centre located in Flensburg, Germany, from Commerzbank Aktiengesellschaft.

As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a market-driven solution to one of the continent’s most significant challenges and opportunities: Affordable Housing.

Bridge City is set to become the centrepiece of an affordable housing development that will see more than 350 units being developed with the first ones being up for sale towards the end of next year.

Tuesday, 03 July 2018 19:20

Household credit and mortgage balances

Growth in the value of outstanding credit balances in the South African household sector (R1 574,0 billion) was relatively stable at 4,2% year-on-year (y/y) up to the end of May 2018 compared with 4,1% y/y at end-April as a result of little change in both secured and unsecured credit balances growth.

The value of outstanding credit balances in the South African household sector, amounting to R1 548,9 billion at the end of January 2018, showed growth of 3,7% year-on-year (y/y) over the 12-month period.

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