With the first quarter of 2020 (Q1 20) ending only five days into the Covid-19 national lockdown, the statistics and trends analysis released by ooba home loans, South Africa’s foremost home loan comparison service, depicted an ideal environment for homebuyers.  

Third quarter (Q3 18) statistics released by ooba, South Africa’s leading home loan originator, show that year-on-year from Q3 17 to Q3 18, the growth in the Average Purchase Price effectively remained static with a 0.1% increase. This continues the trend of negative real price growth (growth less inflation) in the residential property market.