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....
Property Market
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....
When it comes to home trends, most of the focus is on interior aspects like layout, colour schemes, kitchen design, and the latest décor however, considering that kerb appeal is where first impressions are formed, the exterior is perhaps even more important in the grand scheme of things....
Investing in real estate remains one of the best ways to accumulate wealth, both in terms of appreciation in market value as well as generating a reliable monthly cash flow....
The Monetary Policy Committee (MPC) is set to meet again later this month and all signs point to yet another interest rate hike, with some even predicting a bump of 75 basis points. Experts advise South Africans to prepare themselves ahead of the July meeting to avoid falling behind on debt repayments....
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....
From 1 July, you will be paying upwards of 15% more for your electricity, as municipal tariff increases kick in. Yet energy experts have cautioned that, without urgent intervention from the government and others, we will see load shedding intensify with Stages 6, 8, and even 10 a likelihood. Understandably, homeowners are considering alternative ways to keep the lights on....
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...