We all want a home to call our own. But new homes can be expensive and the qualifying criteria by the banks can make fulfilling this dream tougher than we first expect. New developments, while generally saving you transfer fees and the need for a
With 30 interested tenants per listed property, the rental game can prove as difficult for agents as it is admin intensive. And as any rental specialist will tell you, the secret to a successful rental division is personalised service and good relationships.
So why then is
One of the owners of a section in our scheme has a deck area that is an exclusive-use area. He wants to enclose the deck and make it a sunroom. We have advised him that it is an extension of his section and he needs to follow
Buying my first home was one of the proudest moments of my life. I was 27 years old and my-then flatmate needed to move out, leaving me with two options: I could place an ad on Gumtree saying I was looking for a new flatmate,
South Africa’s baby boomers generation comprised 13.2% (7,1m) of the country’s 54 million people in 2015 – two-thirds higher than the global number where 8.5% of the world population is older than 65 years.
This is according to a US government-commissioned report, An Aging World: 2015,
Some 50 units, which include top-floor penthouses and first-floor garden units, have already been sold at Infinité in Bedfordview, Johannesburg. This before the development’s official launch in August.
Demand is being fuelled by the uniqueness of the development, right pricing and sought-after amenities such as Eastgate
Buyers who are interested in purchasing in a proclaimed Heritage suburb need to know what they may and may not alter or renovate. They should also know what is expected of them as set out by the National Heritage Resources Act (Act 25 of 1999).
The days of the 10% home deposit are gone, with mortgage originator, BetterLife Home Loans, last month reporting that the big commercial banks have all raised their lending criteria. Borrowers in the R250,000 to R1,5m price band now have to put down anything between 12.3%
The South African Reserve Bank’s Monetary Policy Committee decided to keep the Repo Rate unchanged at 7%, keeping the prime lending rate at 10.5%.
“We believe it to be an appropriate decision from an inflation point of view,” said John Loos, FNB household sector and property
South African homes sell within 11 weeks of listing, according to FNB statistics, and 87% of sellers are forced to drop their asking price by 9% on average.
This means, on a bank-financed R1m home, at current interest rates (with no deposit and over 20 years),