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/ 20 January 2009
South African residential property put in its worst performance in 12 years, the Standard Bank said on Tuesday.
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/ 23 September 2008
Despite the economy slowing down and high interest rates, SA’s first-time home buyers stand a good chance of having their home loans approved.
Failed property sales are growing as many buyers are unable to secure enough financing, bond originator ooba said on Monday.
Overpowering doggy smells are the biggest turn-off for prospective buyers viewing a home, according to an online poll.
The South African Property Owners’ Association sees risks for the commercial and industrial property industry contained in the draft Companies Bill.
Nearly 90% of home sellers are unable to sell their properties at the asking price, reflecting declining prices in a high interest-rate environment.
South Africa’s residential rents are continuing their rapid rise, with the Trafalgar national rent index rising by an annualised 12,5% to 153.
Headlines showing a 13,2% fall in house prices combined with 400% increases in the number of house repossessions are enough to send panic through the market. But these numbers are misleading, creating an uglier picture than is necessarily the case.