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 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 [...]
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 [...]