More Interest Rate Cuts Expected

There are, currently, many positive signs for the future of the property market. Tony Clark, MD of Rawson Properties, believes that interest rates in South Africa are set to be cut even further. Clark adds that an interest rate cut of 0.5% will benefit the property market, perhaps far more Read more…

How the most recent interest rate cut will affect your pocket.

The South African Reserve Bank cut interest rates by 0.5% last month (sept) to bring the prime rate down to 9.5%.

The cut was welcomed by many consumers and homeowners. A drop of 0.5% could translate to a huge saving over the full term of your bond. While, in the short term, it means more consumers are now better able to manage their monthly debt commitments.

Here’s how the most recent rate cut will affect your pocket…

House Prices Grew By 10% In April – FNB

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.

FNB Property Barometer – Q1 2010

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.

Here’s why you shouldn’t wait to buy your next house

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!