If you are fortunate enough to own a piece of land in an urban area or prefer to buy a stand and build the house of your dreams from scratch, there are a few important factors to consider when applying for a building loan from
The latest 2017 FNB Inter-provincial Repeat Buyer Migration study shows 2017 to have been another year of increase in the rate of inter-provincial migration relative to overall repeat home buying. From 15.9% of total repeat property buying being estimated to be inter-provincial repeat buying in
House prices in February grew by 2.3%, year-on-year. This is down from a revised 3.8% in January, and from 2017’s high of 5% reached in November.
“This does not, however, alter our view that 2018 should be a mildly stronger housing market year than 2017,” said
The property market is significantly influenced by sentiment and consumer confidence. Increased political uncertainty, low economic growth and inflationary pressures caused property buyers to ease off on new property purchases during 2017.
This was according to Rhys Dyer, CEO of bond originator ooba, who noted that reduced demand
House price growth slowed by almost a full percent in 2017, compared with 2016’s 4.8%. This was according to FNB’s House Price Index which pegged house price growth in 2017 at 3.7% - the third consecutive year of slowing annual average price growth.
“Based on 11
Sectional title properties with fewer than two bedrooms boasted the strongest price growth in Q3 2017, inflating at 9.3%.
Two-bedroom sectional title properties realised 5.3% price growth, while the largest three-and-more-bedroom category came in at 4.6% average price growth.
This is according to FNB’s household and property
The Atlantic Seaboard region posted the strongest house price growth in Q2 2017 at 29.9% year-on-year.
This is according to the FNB City of Cape Town Sub-Region House Price Index which noted the City of Cape Town’s estimated average house price growth rate at 13.8% year-on-year
The Western Cape’s year-on-year house price growth for Q2 2017 measured 5.7% - down from Q1 2017’s 6.9%, and significantly slower than the 10.8% high recorded in Q1 2016.
This is according to the FNB House Price Indices for the country’s major regions, which pointed out
Home loan declined! These three words are dream killers for any and every home buyer. They are the words that keep you up at night as you wait for feedback for finance from your bank on the home that has stolen your heart.
The first question
One of the most stressful parts about buying or building a new home is the waiting period between submitting your documents and essentially receiving a yay or nay from the four major commercial banks.
Understanding each bank’s criteria for lending and how much risk appetite they