The RealEstateWeb ran a very interesting article recently about the three types of property investors; namely the Speculator, the Refinance Man, and the Traditional investor. Take a closer look at the advantages of these investment styles…

If you are considering buying a property for investment purposes, with the intention to rent it out, one of your first consideration would be to find a property that will attract lots of potential tenants, with good payment behaviours. The Rental Payment Monitor, a report by the TPN Credit Bureau suggests that the best tenants are found in the Eastern or Western Cape, for properties with monthly rentals between R3 000 and R7 000.

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.

Residential 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,” [...]

Property 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 [...]

A 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. [...]

Property News and Trends: Property prices have reached the turning point
Local News channels have been consistent in their reports on the current condition of the South African property market recently. And, while their figures may differ, the banks’ various house price indexes are showing that we have reached a turning point.
Of all the house [...]

The past few weeks has produced some very interesting news regarding the South African property market. Here’s a short round up of what been happening.
Interest Rates:
Let’s start with the most recent interest rate announcement. The South African Reserve Bank (SARB) surprised everyone when it announced that rates will remain unchanged. Clearly the SARB is [...]