HISTORICALLY, many homeowners, mostly those in the middle to lower income groups, have tended to skip bond payments over the Christmas period, using those funds for holidays, to subsidise Christmas shopping or to pay for pending school fees and school uniforms.
According to Saul Geffen, MD of MortgageSA, unless these homeowners make the payment up in January, which is unlikely, that skipped payment will end up costing them more than double in the long run.
Residential property coming into its own - Seeff
IS WESTERN Cape property, particularly on the Atlantic seaboard, pricing itself out of the market?
'Definitely not,' says Ian Slot, chairman of Seeff's Western Cape Licensees.
'Residential property in South Africa is undergoing a momentous revaluation as an asset class.

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