Property Prices Swing the Way of Buyers

Property NEWS: The recent property boom meant that more the most part sellers have been calling the shot, but according to the BusinessDay there are signs that the residential property market may be shifting back in favour of the buyer. Low interest rate and a high consumer confidence created a big demand for new homes which allowed sellers the freedom to increase there asking prices. While interest rates are still very low the growth of house prices is slowing which …

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Women: emerging property barons

Home Loans News: FNB Residential Property Barometer A recent report by FNB HomeLoans suggests that women are become increasingly savvy investors. According to the report about 20 percent of the property buyers in the last quarter of 2005 were women. FNB Home Loans CEO Ed Grondel said it was encouraging to see these figures steadily increasing, as it is a good indicator that women are taking responsibility for their future financial well-being. “The growth in home ownership in part can …

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Home Loans Online

Home Loans News: Industry specialists believe that the internet is set to become one of the biggest influences on Home Loans in South Africa. According to a report on Property24.com, in the US already 50% to 70% of homeloans are processed online, while less than 15% of homebuyers in South Africa are using the internet to find a mortgage. Rechard Gahagan, MD of Property24, says that there is a growing number of consumers using the internet to find information on …

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Standard Chartered Bank Home Loans

Home Loans News: Standard Chartered Bank The SA mortgage industry is attracting a lot of interest from international banks who are keen to put pressure of the BIG FOUR – FNB, ABSA, STD and NEDBANK – by introducing better home loan products and services. Standard Chartered Bank (SCB), an international bank from the UK, has been around for a short while. Although SCB have only begun to chip away at the home loans pie, they have plans to grow even …

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