Mortgage Home Loans

South African property experts share their outlooks on 2010

It seems that industry experts all agree that the South African property market is headed for recovery. And, most commentators are predicting a steady, but slow improvement in property values over the coming 12 months.

FNB House Price Index: October 09

Property News: FNB House Price Index Seasonal stimulators and the recent interest rate cuts have contributed to a mild recovery in property prices. That’s according to the most recent FNB House Price Index. FNB developed the House Price Index in July 2000 to estimate the average price of residential properties bought and sold. It is an [...]

Average Property Prices Are Still Dropping – FNB

The latest FNB House Price Index shows that although property prices are still declining (by about 2% each month) the rate of decline is starting to slow down, and we could begin to see positive growth towards the start of 2010.

Average House Price has dropped to R662k – FNB

The latest FNB House Price Index report, released at the start of June, shows that property prices continued to drop in May 09. This graph illustrates the rapid growth and drop of property prices.

Rates are down, but mortgage defaults keep rising. Why?

We have turned back the clock on interest rates in South Africa. The last time rates were this low was October 2006, yet the number of stressed mortgage bond holders continues to rise. Auction Alliance, SA’s largest auction house, defines a stressed homeowner as someone who is at least two months in arrears on bond [...]

Why are house prices falling?

Property Finance News: Falling house prices are usually a sign that the supply of homes for sale has exceeded demand. In other words, the number of homeowners looking to sell their properties exceeds the number of buyers in the market. The unique thing about the current condition of the South African property market is [...]

Now is a near perfect time to buy property

When it comes to investing, the basic rule to making a profit is to Buy-Low and Sell-high. If you were to apply this theory to property, you would be looking to purchase some real bargains right now and sell after at least 3 to 5 years. Early predictions are that property values could shoot up by 50% by 2011. [read more ...]