Interest Rates were keep unchanged yesterday, leaving the prime interest rate at 10%. The announcement has increased speculation that we may experience another rate cut later this year. The inflation rate, overall economic growth, and levels of household debt are some of the factors that were considered by the South African Reserve Bank, before making [...]
The municipal valuation process is already well under way in South Africa, and many property owners would already have received notifications regarding the valuation assessment of their properties. Cape Town homeowners are currently able to view their valuations online at www.capetown.gov.za/propertyvaluations. The key to ensuring that your property is not over or under valued, resulting [...]
The decision by the South African Reserve Bank Governor, Gill Marcus, to cut interest rates by 0.5% was a surprise welcomed by most property experts. The prime interest rate will move from 10.5% to 10%. The last time the prime interest rate was at 10% was in 1981, and some economists are predicting another small [...]
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 [...]
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 [...]