The average purchase price between Q4 2015 and Q4 2016 showed positive nominal (including consumer price inflation) growth of 7.1%; while nominal quarter-on-quarter growth from Q3 to Q4 2016 confirms that growth in the property market has slowed significantly.
This is according to Rhys Dyer, bond
Buyers paying between R362,873 and R664,093 are most highly dependent on receiving 100% bonds to be able to afford their new home purchases. In fact, more than two thirds (62.28%) of loans in Q4 2016 in this purchasing price band received 100% and higher bonds.
Average loan-to-purchase price recorded 88.5% in Q4 2016. This means, across the entire market using deeds office data for natural persons applying for mortgage finance, 11.5% of the purchase price was not supplied by the bank.
The 100% bond, however, is more common than many may
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