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Residential News

low interest rates and pandemic driven lifestyle trends continue to boost housing demand

Low interest rates and pandemic-driven lifestyle trends continue to boost housing demand

Low Interest Rates First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.According to the oobarometer, the Average Purchase Price increased by 13.8% for the first quarter of 2021 (Q1 21) compared to...

affordably priced cape metro homes below r1 5m are being snapped up

Affordably priced Cape Metro homes below R1.5m are being snapped up

Affordably priced homes below R1.5 million are flying off the shelves in the Cape Town Metro, to the extent that there is currently a shortage of stock in this price band. However, despite the high demand – which is mainly from first-time buyers and some investors, and is evident across the Northern and Southern Suburbs as well as the Western Seaboard, homes in these price ranges can be found, as...

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