According to the FNB Estate Agent Survey, for the 1st quarter of 2016, 1st time home buying slowed when expressed as a percentage of total home buying.
John Loos, Household and Property Sector Strategist at FNB observes 'a tougher year for residendial mortgage lending ahead, as the residential property market slowly moves into its super-cycle “Correction”.'
South Africa’s land registration system is a comprehensive one, whereby, once a buyer takes transfer and the property purchase registered in their name, they have a real right to that property, says Laurence van Blerck of Knight Frank Residential SA.
In the past year, home prices in the first-time buyer sector have grown only half as fast as they did in the previous 12 months, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.
So, you’ve been thinking about getting a foot on the property ladder, but your salary doesn’t quite cover the kind of bond you’d been hoping for.
Property values have continued to grow in the past 12 months, with the average home price showing a year-on-year increase of just over 5% to R971 000 at the end of November, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.
If you are looking to buy a new home in the next few months, planning is essential, especially during the festive season.
In the six months from 1 July 2007 to 31 December 2007 ApexHi concluded leasing deals worth about R630-million on 405,000m2 of space, renewing 86% of the leases that expired in the period and increasing renewal rentals by 18%

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