When Eskom announced its intention to build its second most advanced coal-fired power plant in the municipal area of Delmas in Mpumalanga, few realistically anticipated the pressures this would place on the rental property market in the areas surrounding the plant. It appears that properties in Witbank, in particular, are in very high demand as
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Following the global financial crisis in the first quarter of 2008, South Africa’s property market appeared to grind to a halt following its massive boom in the years from 2000 to 2006. Then, in 2010, the market experienced a brief upsurge as the country hosted the 2010 FIFA World Cup, but slowed down again in
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Home buyers and investors in the Western Cape are spoilt for choice – with a veritable buffet of delicious properties available on the market. Geographically, the Western Cape stretches 400 kilometres to the north along the Atlantic coast-line and about 500 kilometres along the Indian Ocean’s coast to the east. Known for its diverse landscapes
...read moreWant to buy a repossessed property on auction, but afraid you will not qualify for a home loan? We all know that right now is a good time to invest in property. So, why not save some more money and buy yourself a repossessed property? ...read more
With the South African interest rates at its lowest in 30 years, the property market has become very favourable for young- as well as first-time buyers. Furthermore, they have the added advantage of buying a repossessed property on auction, where they can get their hands onto a property for below market value. ...read more
Do you know the difference between insolvency and bankruptcy? People tend to confuse these two terms. However, they do have different meanings and different purposes. Together, insolvency and bankruptcy form part of a process. ...read more
As you get older, you will need to retire sooner or later. But do you have the adequate back-up in place to retire comfortably? Only a few people in South Africa can afford to retire on their retirement fund only. So, do you have any more ideas on how to retire comfortably? ...read more
Struggling to decide whether to buy or rent? Here are five good reasons why buying repossessed property on auction is better than renting: ...read more
The South African Reserve Bank (SARB) made the decision that the repo rate should remain unchanged at 5.5%. The SARB has kept the rates unchanged for 16 months, and it is the lowest in 30 years. This decision leaves the Rand less volatile. ...read more
Both buyers and investors find the idea to buy repossessed property on auction attractive. It is a common fact that repossessed properties are bargain buys. ...read more
