The South African residential property market has had five months of high sales activity, especially from first-time home buyers eager to benefit from the current low interest rates. However, the picture for the rental market has been less rosy.
During ‘hard lockdown’ the average house price went into a decline with low expectations of a fast recovery.
As South Africa’s only independent mortgage originator, MultiNET is not only an outlier in the bond origination and real estate industry, but also an innovator that has set its sights on being the originator of choice for both estate agents, and buyers.
The Property Sector Charter Council (PSCC) has formed a partnership with award winning business accelerator Property Point (PP) to develop and fast-track the participation of black entrepreneurs in the property sector.
