With the recent 25 basis point cut in the interest rate, many South African homeowners are wondering if now is the right time to refinance their properties. But is this a good move?...
Economy
Whether you are a potential buyer, seller, or investor, understanding average house prices is crucial for making informed decisions. We take a look at the factors that influence house prices, the role of data and analytics in assessing market trends, and the importance of considering both regional variations and long-term trends....
Owning property is a major aspiration for many people. However, it's crucial to remember that purchasing a property should be more than just chasing a great deal—your personal financial situation plays a key role in this decision. Before diving into the property market, make sure to address these five financial aspects to ensure you’re fully prepared for this significant, long-term commitment....
First-time homeownership remains a challenging goal for many South Africans, particularly the youth. Despite a brief period in 2020/21 when interest rates were cut to record lows, participation by young buyers, defined as those under 35 years old, has continued to decline steadily since 2010. This is according to insights from the latest FNB Estate Agents Survey that looks at understanding how first-time...
Buying the right kind of residential property in the right location and at the right time in an interest rate cycle, are key ingredients for extremely sound investment potential....
South African tenants are in a better financial position than at the end of 2022 despite high-interest rates and inflation – great news for rental agents and landlords who rely on timely rent payments....
The local housing market is likely to get off to a slow start in 2024. With interest rates still far higher than they were in 2020, sellers might need to work a little harder to make sure that their home sells timeously....
The South African residential property market has been through a series of transformations and challenges over the past two decades. From the heady days of 2004/5 when house price inflation soared to 37% to the more recent years of modest growth, the market has shown resilience and adaptability. As of August 2023, the market's total stock value stands at an impressive R6.8 trillion, reflecting its...
A predominantly young and rapidly urbanising population is contributing towards a growing demand for sectional title residential properties in South Africa, particularly in the major metropolitan areas and key commercial hubs, says Dr Andrew Golding....
Selling a home during an economic downturn can be very challenging and, in a competitive market, sellers need a strategic approach to stand out, showcase the property and attract potential buyers to this end, show days offer a valuable opportunity to do so....