ABSA predicts property prices will increase by 6% in 2010

ABSA Home Loans‘ senior property analyst, Jacques du Toit, believes that your property is set to grow in value by 6% in 2010. His prediction is backed by data from the ABSA Mortgage Advances Report published on March 30, 2010. The report focuses mainly on the the size and number of home loans granted by the banks on a monthly basis.

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.

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 Read more…

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 Read more…

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 …]