SA Home Loans: First-time Home Buyers

There is an increasing trend in South Africa that is seeing youths entering property market at a much earlier age. These youths are mostly first-time home buyers, applying for their first home loan, who have been renting for a short while and feel the need to invest in a property of their own.

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Property prices have increased about 20% – 30% over the past year but according to economists this current boom will not continue for much longer despite recent changes in property taxes announced in the budget speech.