Deposits have declined, making homeownership more accessible
The March BetterBond Property Brief reveals that the average deposit required for home purchases declined by 6.8% year-on-year, making homeownership more accessible.
The March BetterBond Property Brief reveals that the average deposit required for home purchases declined by 6.8% year-on-year, making homeownership more accessible.
The Absa Homeowners Sentiment Index for Q3 points to an improving market and highlights key trends that emerged in 2024.
The latest BetterBond Property Brief is full of good news, except for deposits. Compared to Q4 of 2023, it shows that home loan applications jumped by 30%, while the quarter-on-quarter increase was also impressive at 18%.
The latest BetterBond Property Brief shows there’s some good news for property in the Eastern Cape, and a marginal increase of the average bond value.
The November BetterBond Property Brief is out and Dr Roelof Botha shares several factors that point to an economically stronger 2024.
Although first-time buyers’ affordability has been eroded through increased home loan repayments and struggling remuneration levels in most sectors of the economy, these buyers have retained a share of more than 60% of all home loan applications.
Is home ownership just a dream for Millennials around the world? It depends on where you live. Good news for SA – the average purchase price paid by local young buyers is far lower than in any of the other 25 countries studied.
Despite the current cycle of interest rate hikes which always puts strain on home buyers, especially first-time buyers, Rhys Dyer, CEO of ooba Group shares that “Year-on-year property price growth in most provinces has slowed to rates well below inflation.
The prospect of buying your first home has become synonymous with feelings of excitement and trepidation – possibly even every other expression on the emotional spectrum.
Property practitioners do not only sell property, are also required to have a host of knowledge about all aspects of the buying process.