The further increase of 75bps in the repo rate announced by the Monetary Policy Committee yesterday is disappointing for aspirant home owners requiring credit and existing home owners with mortgages, all of whom are already having to contend with the economic impact of severe load shedding, high fuel, and rising food costs, and increasing electricity and other municipal tariffs, says Dr Andrew Golding....
When drawing up the criteria for a property search, buyers will need to decide between sectional title or freehold ownership —both of which have their own sets of pros and cons. To decide which is better suited to their needs, buyers should aim to fully understand what each of these entails....
As if property transactions weren’t already convoluted enough with reams of documentation and legalese to navigate, there are also often suspensive conditions included in the Offer to Purchase that needs to be met by one or both parties, and these need to be gone over with a fine tooth comb....
Spring has sprung and with that South Africans will once again be heading outdoors as much as possible. We are known for our sunshine and braais, and this is often a key consideration when buyers and tenants look for properties....
You have just viewed a property and are keen to buy but before your sign any offer to purchase there are some questions you need to ask....
For family home buyers, probably the most important factor in their choice of location is proximity to good schooling. Yet, says Mohammed Amra, some eminently suitable centrally situated suburbs with access to reputable government and private schools are sometimes overlooked....
What is home equity? And why do savvy homeowners focus on building up more of it?...
The recent interest rate increases are not only affecting home buyers – they are also making home sellers more anxious and more inclined to accept contingent offers....
If you are thinking of investing in property, you can’t go wrong with a home on the coast. Not only are the prices of properties located within 5km of the ocean experiencing faster growth, but the margin by which this exceeds non-coastal house price inflation has risen to an average of 3.1% for January to April 2022 - the highest coastal price premium since mid-2005, according to Lightstone property...
While there is today a greater awareness of the benefits of owning a residential property to rent out for passive income, aspirant landlords are faced with some key decisions when making this kind of investment....