With the inflation outlook deteriorating since the previous Monetary Policy Committee meeting – with the headline inflation rate again breaching the upper limit of the 4-6% target for the second consecutive month at 7.4% in June 2022, it was inevitable that a decision would be taken to further increase the repo rate, the question was simply by how much....
Buy-to-let activity is on the rise once more as investors start to explore a whole new tenant demographic, says Berry Everitt, CEO of the Chas Everitt International property group. He notes that according to FNB senior economist Siphamandla Mkhwanazi, buy-to-let property purchases accounted for 11% of all home purchases in the first quarter of this year, up from 10% in the same period of 2021, despite...
The latest Africa Wealth Report for 2022 was recently published by New World Wealth and it reveals that much of the wealth still resides in the cities, particularly Johannesburg and Cape Town....
The global economy has been hit hard in recent months. Rising fuel prices, interest rates, and inflation levels have put a strain on households across the globe. South Africa will undoubtedly feel the effects, but experts feel confident that the local housing market will remain resilient against this challenging backdrop....
While homeowners can alter the layout and overall appearance of a house, there is nothing a homeowner can do if the home is in the wrong location. Taking time to research a suburb and its general surroundings will ensure that the property is the right house now and for the foreseeable future....
One of the key shifts in the housing market triggered by the pandemic, was that many home buyers opted for a freehold home rather than a sectional title home in order to gain access to some outdoor space, as well as additional space in order to accommodate working from home....
Many home owners look for ways to increase the value of their homes and a common and efficient way of doing so is through upgrades, which can be an excellent way to not only boost the eventual selling price, but also make a home more enjoyable for the family....
Did you know that getting pre-qualified should be your first step on the property journey - even before getting a real estate agent or looking around for properties? Before you can understand the importance of pre-qualification, you need to understand your credit profile - this is true not only for first-time home buyers but also if you’re buying your first car, or refinancing a bond or loan. A...
Most buyers who are considering a Sectional Title property know by now that they should first check how much the monthly levy is and what it covers before making an offer to purchase....
Owning our very own home is exciting but it can also be daunting, particularly for first-time buyers who are likely to feel anxious about the additional responsibilities of home ownership and the burden of a long-term financial commitment....