By far, the greatest attraction of repossessed properties is the potential of securing a valuable home at a relatively cheap price. Other advantages include not having to pay any transfer duties and the ability to secure a full 100% bond.

ShareResidential Property News and Trends:
Speaking to the realestateweb, Luthando Vutula of ABSA Home Loans said he is expecting the residential property market to make a quick recovery going into 2010.
Vutula’s outlook is motivated by the fact applications for home loans at ABSA increased by 20% in September.”This month will be an even better month,” [...]

ShareProperty News:
200 new black estate agents, trained by ABSA, graduated on Monday 19, October.
The timely introduction of these agents forms part of an initiative to tackle the service demand currently prevalent in townships and previously disadvantaged areas.
The initiative is being spearheaded by ABSA in collaboration with the National Housing Finance Corporation, the [...]

ShareA survey completed by the Institute of Estate Agents of South Africa (IEASA) has revealed a number of interesting facts about estate agents and the local property market, which has under gone a few changes recently.
Over the past five years the number on registered black estate agents in South Africa has more than doubled. [...]