Phase 1 of Ballito Groves has sold out in less than a month. Launched to the public on 11 December 2018 at a starting price of R680,000, Ballito Groves has sold 210 units in only 4 weeks. This performance equates to a staggering R200m worth
When it comes to investment property, what matters more: rental yield or capital growth? As with all answers to questions around good property investments, there is no “right” answer, or a simple one-size-fits-all piece of advice.
According to Michelle Cohen, principal at Leapfrog Johannesburg North East and
The average deposit required by home buyers is now 12% of the purchase price, down 20% year-on-year from 15.5%.
This is according to bond originator, ooba, whose CEO Rhys Dyer, said banks were continuing to compete strongly with each other to make loans more accessible and
Yesterday the South African Reserve Bank’s Monetary Policy Committee announced that the prime lending rate would remain unchanged at 10.25% and the repo rate at 6.75%. The news was welcomed by many players in the local property market – but many also warned that interest
After an unexpectedly tough 2018, but with the welcome announcement that the repo rate remains unchanged following this first MPC meeting of the year, the outlook for 2019 is somewhat brighter. Nonetheless, the year ahead is likely to be characterised by a number of highly
The sectional title market in Cape Town has shown aggressive growth since the property market started making its recovery from the global financial crisis in early 2013 with year-on-year increases of roughly 20% and, in some instances, up to 30%. This is according to Ryan
Serious first-time buyers should do their research and aim to purchase before the second half of 2019. This is according to advice by regional director and CEO of RE/MAX of Southern Africa, Adrian Goslett, who said that this is because the property market in general
JSE-listed national property developer, Balwin Properties, has earmarked the Western Cape as a future region of growth and expansion, having already developed and sold more than 2,200 apartments within the Western Cape; its vision is to deliver 1,000 more homes each year. This will be
As we’ve turned the page on 2018 and entered 2019, there are three core pervasive themes that underpinned the property market last year, all of which may have significant implications for future trends.
The first of these is that eco-friendly living is becoming more and more
Individuals who cannot afford a home loan on their own should consider co-applying with a partner or family members to increase their chances of qualifying for a bond.
Mpho Ramatong, FNB Home Finance Division Channel Head for Housing Schemes, says lenders do offer consumers an opportunity