Interest Rates were kept unchanged yesterday (22 July 2010), leaving the prime interest rate at 10%. The South African Reserve Bank has put the breaks on rate cutting in recent months. The last interest rate cut took place in March this year. In total interest rates have been slashed by 5.5% since December 2008. But, [...]
According to the FNB Home Loans, a house worth R250k in 2000 would now be worth over R750k. Watch this short video interview about the May 2010 FNB House Price Index.
Prices of smaller-sized houses are rocketing at the moment, that’s according to the ABSA House Price Index. Take a closer look at why these types of houses make the best property investments. Data from ABSA Home Loans.
You may not need one right now, but it is time to begin saving for a deposit if you intend to buy a new home in the coming years. Comments from the heads of ABSA Home Loans & Nedbank Home Loans suggest that buyers will soon require a large deposit to qualify for a home loan.
According to FNB Home Loans, House Prices are currently growing at 10.1% on average. This is the first time in two years that year-on-year growth reached double figures. The average house price is now estimated to be around R790 000.
The FNB Residential Property Barometer is a quarterly report produced by FNB Home Loans, that draws conclusions about the future of the property market from a survey of various estate agency groups in South Africa.
Now is the time to get into the property market, or to invest further into residential property if you already own a home. Besides being a basic need, property values are growing fast and the pace is expected to increase even further!
Email Newsletter |
| Waiting for the next Interest Rate Cut? |
|---|
Subscribe to the email newsletter and be first to know - its free.Click Here |
