First time home buyers often get caught by surprise when banks ask for a deposit in order to secure a home loan.
“When applying for a home loan, banks will access your credit status to establish whether you will be able to meet the bond payments.
In the span of a decade the Cape Town suburb of Mouille Point has changed its image and, consequently, its buyer appeal, to rank on par with its Atlantic Seaboard neighbours.
Apartment prices sit within the R6m to R10m bracket, with top-end properties breaching R100m.
Despite the residential market improving its risk situation quarter after quarter, the highly constrained broader economy means potential buyers continue to adopt a wait-and-see approach and negatively impact on the current sellers’ market conditions.
“The ongoing decline in the household sector debt-to-disposable income ratio, all the
According to Betterlife Home Loans statistics, which is representative of 25% of all residential mortgage bonds being registered at the Deeds Office, first time buying activity suggest a renewed confidence in the economy
The average price paid by first-time homebuyers rose by 5.8% to R739,000 in
What’s more pressing than the #feesmustfall debate? The question of accommodating the 185,000 annual tertiary institution graduates in the job market. Consider that the economy is showing no job growth and retrenches some 10,500 workers a year, and the point hits home, and hard. This