The residential property market has recovered much faster than expected from the hard lockdown earlier this year, new data from FNB shows. Experts were predicting that house prices would fall by between 5% to 14.5% this year due to Covid-19 – instead prices have climbed in the year to July. This is due in large […]
Surprise! The SA property market has roared back – and buyers now want bigger homes Read More »
The record-breaking streak of interest rates cuts in January through to May has already spiked interest in the first-time buyers’ market. The housing market received further good news when today, the Monetary Policy Committee (MPC) announced that the interest rate will drop by 25 basis points. The repo rate, therefore, lowers to 3.5%, leaving the
Interest Rate Cut to Speed Up Recovery in Housing Market Read More »
RE/MAX National Housing Report for June 2020 Home Sales Post Near-Record Turnaround Despite Inventory Constraint. DENVER, July 17, 2020 /PRNewswire/ — RE/MAX, LLC announced today June home sales posted a near-record 37% gain over a pandemic-impacted May while Months Supply of Inventory dropped below two months for the first time in the report’s 12-year history.
Simply Unbelievable!!! Best month in the history of RE/MAX SA!!!! Read More »
Retired South Africans who own homes but are cash-strapped may now apply for a loan, or “reverse mortgage,” suggested in a recent policy paper by the World Bank as a way to supplement pension income. Lending company, Water Financial, led by financier and former COO of twenty20 bank, Chris Loker, has launched the financial solution
Retired homeowners in SA could soon apply for a ‘reverse mortgage’ Read More »
Living rooms are usually one of the first rooms you think about decorating or redesigning when moving into a new place or when it is time for a makeover. Some rooms might be dated or no longer functional; other rooms may be too spacious or too cramped. There are fixes for every budget and every
10 Incredible Before-and-After Living Room Makeovers Read More »
How did the spot acquire its name? Bet you never thought it happened like this… A view from the top of Baggies beach, with the use of a local photographer’s drone. PHOTO: Daniel Dedekind WARNER Beach has always been referred to as Baggies Beach or ‘Baggies’ for as long as most local residents can
The story behind Baggies beach Read More »
Durban – As Princess Elsa continues weave her icy spell around parts of the country, the cooler temperatures have brought large pockets of sardines to the KwaZulu-Natal South Coast with lots of activity reported on Monday. According to Ugu South Coast Tourism, shoals of sardines were sighted with netting taking place at Pennington and
PICS: Sardine activity increases on the KZN South Coast as winter chill sets in Read More »
Save hundreds of thousands in bond payments With the recent two rate cuts in quick succession by the South African Reserve Bank, consumers are being encouraged to take advantage of their home loan repayments. Those who are fortunate enough to not have any financial worries during this Covid19 pandemic could save hundreds of thousands in
Paying your bond off faster, like 5 years faster, has never been easier Read More »
An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: “My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making
The further easing of monetary policy by the South African Reserve Bank (SARB) has presented a golden opportunity for consumers looking to snap their dream house on the cheap and those looking to lower their debt servicing costs. The central bank today cut its lending rate by 50 basis points to a new record low
What the record low interest rates mean for consumers Read More »
