“Honey, should we stay in this house for at least one more year or do you want to move when our lease expires?”
“Let’s stay, please. I hate moving! We moved last year.”
“Okay, but the lease is increasing by another 10% if we stay on.”
Housing markets are incredibly important, not only due to the importance of formal housing to citizens’ well-being, but also due to the huge amounts of mortgage debt associated with them, and the various risks that this can pose to financial system and economic stability. The
If suburbs with lower crime rates are more attractive to property buyers and tenants, and can attract higher sale and rental prices, why is Western Cape property some of the most expensive in the country?
According to property data analytics company, Lightstone - which used crime
While Gauteng’s gross outflow of repeat home buyers to other provinces stood at 16% in 2016, it only attracted 6.9% of incoming repeat home buyers from other regions. This means its net outflow of repeat home buyers was 9.1% - up significantly from 2.9% in
National house price inflation is 3.4% as at the end of December 2016. This is according to property data analysts, Lightstone Property, which said that the overall picture at provincial level it was evident the market had been slowing down over recent months, and that